Laserfiche WebLink
City of Brea Agenda Item: COUNCIL COMMUNICATION Date: June 4, 2013 <br /> <br /> <br />To: Mayor and City Council <br /> <br />From: City Manager <br /> <br />Subject: PUBLIC HEARING AND ADOPTION OF FISCAL YEAR 2013-14 <br />OPERATING BUDGET <br /> <br /> <br />RECOMMENDATION <br />Receive public input on the Fiscal Year 2013-14 Operating Budget, as presented in the <br />2013-14 Proposed Budget document; and adopt the 2013-14 Operating Budget. <br /> <br />BACKGROUND AND DISCUSSION <br />The City Council has reviewed and given direction on all components which are <br />included in the proposed Fiscal Year 2013-14 Operating Budget at the Budget <br />Workshop on May 14, 2013. The Proposed Fiscal Year 2013-14 budget document <br />contains an overview message from the City Manager, summary schedules, the fund <br />balances of each operating fund, a comprehensive review of revenues, and expenditure <br />breakdowns by department. <br /> <br />BUDGET RECAP <br />The Fiscal Year 2013-14 Proposed Budget adheres to City Council policy. The General <br />Fund budget is balanced, revenues exceed expenditures, and the General Fund <br />reserves exceed the minimum 8 - 10 %. <br />FISCAL IMPACT <br />Expenditures for all Funds which make up the Fiscal Year 2013-14 Operating Budget <br />total $80,551,750. <br />15 <br />8