DATE: June 21, 2016
TO: Mayor and City Council
Redevelopment Successor Agency Board of Directors
Housing Authority Board of Directors
FROM: Director of Finance
SUBJECT
Title
Public Hearing for the Proposed FY 2017 Operating Budget for the City of Hayward, Hayward Redevelopment Successor Agency, and Hayward Housing Authority; and the FY 2017 Capital Improvement Program Budget
End
RECOMMENDATION
Recommendation
That the Council consider the Proposed FY 2017 Operating Budget, and the FY 2017 Capital Improvement Program Budget, including changes made through the Council Work Session process; conducts a Public Hearing on each; and that following public testimony and in preparation for adoption on June 28, 2016, the Council and Agency Board Members further review and comment on the:
* Proposed FY 2017 Operating Budget
* Proposed FY 2017 Capital Improvement Program (CIP) Budget
Body
BACKGROUND
The City Manager presented the Proposed FY 2017 Operating Budget to City Council on May 3, 2016. The operating budget is comprised of a number of different funding sources, with the General Fund representing the single largest fund for which the City Council has the most discretion. The total City expenditure budget for the Proposed FY 2017 Annual Budget as presented on May 3, 2016, was $286.1 million, with a General Fund budget of $149.2 million.
Since May 3, Council has held three budget work sessions (May 21, May 24, and June 14) to further discuss the proposed budget. These work sessions included presentations, Council discussions, and a time for public input on
> the overall operating budget,
> department/program budgets and operations,
> the proposed CIP budget,
> Council priorities and program performance measures, and
> City's benefit liabilities and budget-related financial policies.
Following these work sessions, staff recommends several changes to the FY 2017 Proposed Operating and CIP Budgets - as detailed in this report. Toni...
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