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CITY COUNCIL AGENDA COMMUNICATION |
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| | | | | | | | | AGENDA DATE: | July 24, 2018 |
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| | | | | | | | | SUBJECT: | Transmit the Proposed 2018-2019 City Budget and the Proposed 2019-2023 Capital Improvement Program. |
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| | | | | | | | | STAFF RESOURCE: | Peter H. Vargas, City Manager |
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| | | | | | | | | ACTION PROPOSED: | Transmit the Proposed 2018-2019 City Budget and the Proposed 2019-2023 Capital Improvement Program. |
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| | | | | | | | BACKGROUND
Article
IV, Section 4.02, of the City Charter requires that the City Council
receive a budget covering the next fiscal year prior to August 10 of
each year. As part of the budget submittal, a list of capital projects
which should be undertaken within the next five succeeding years is
required and is submitted as a separate document, the Proposed 2019-2023
Capital Improvement Program (CIP).
Both the budget and the CIP are
submitted as "proposed" since adjustments may be made after the City
receives the final certified property valuations from the Collin Central
Appraisal District and after the Planning Commission review and
recommendation of the CIP in August.
Additionally, changes to the proposed budget and CIP may be made pursuant to the direction of the City Council.
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| | | | | | | | STAFF RECOMMENDATION
Staff
recommends that the City Council receive and review the Proposed
2018-2019 City Budget and the Proposed 2019-2023 CIP. A budget
discussion with the City Council and staff will occur in August. Public
Hearings are planned for August 14, 2018, and August 28, 2018. The
Proposed Fiscal Year 2018-2019 Budget and Proposed 2019-2023 CIP
documents will be distributed at the July 24, 2018, City Council
meeting.
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| | | | | | | | MOTION
I
make a motion to acknowledge receipt of the Proposed 2018-2019 City
Budget and the Proposed 2019-2023 Capital Improvement Program as
submitted by the City Manager in accordance with Article IV, Section
4.02 of the City Charter.
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