ITEM TITLE:
#18-43 - Adopting the 2019 Budget for the City of Valdez and Appropriating Monies for that Budget
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: n/a
Unencumbered Balance: n/a
Funding Source: n/a
RECOMMENDATION:
Approve Resolution Adopting City of Valdez 2019 Budget
SUMMARY STATEMENT:
• The attached Resolution formalizes the 2019 appropriations. It reflects the following figures:
o Expenses: $55,101,266
o Revenues: $54,551,110
o Transfers: $13,465,748
• The proposed budget also reflects the following personnel changes:
o Addition of four authorized FTEs
o 2.5% Citywide COLA
• Following adoption, staff will incorporate departmental summaries and work plans and City Manager Budget Memo into a final document for publication.
Attachments: Resolution Adopting the 2019 City of Valdez Budget
2019 Budget - Public Hearing Ledgers