ITEM TITLE:
#19-60 - Adopting the 2020 Budget for the City of Valdez, and Appropriating Monies for that Budget
SUBMITTED BY: Brian Carlson, Finance Director
FISCAL NOTES:
Expenditure Required: $58,963,607
Unencumbered Balance: $58,963,607
Funding Source: $56,404,914 estimated 2020 Revenues; $2,558,693 in Unassigned Fund Balance
RECOMMENDATION:
Approve
SUMMARY STATEMENT:
• This resolution formally adopts the 2020 operating budget
• Staff anticipates having the final 2020 operating budget document posted and distributed by end of December.
• Next budgeting task is for capital projects, carry-forward funds from 2019, and various cleanup/repurposing, which will take place in Feb/March, and will be formalized as a budget revision resolution.