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STAFF REPORT
AGENDA ITEM: Resolution Continuing the 2017/18 Fiscal Year Budget and Authorizing the City Manager to Continue Making Required Expenditures to Meet Current or Immediate Financial Obligations until the 2018/19 Fiscal Year Budget is Adopted.
MEETING DATE: June 19, 2018
PREPARED BY: Jose Antonio Ramirez, City Manager
REVIEWED BY: Jose Antonio Ramirez, City Manager
RECOMMENDATION:
Adopt Resolution No. 2018-_, continuing the 2017/18 fiscal year budget and authorizing the City Manager to continue making required expenditures to meet current or immediate financial obligations until the 2018/19 fiscal year budget is adopted.
BACKGROUND:
Currently, the City doesn’t have the necessary staff to prepare the City’s budget or to thoroughly analyze the City’s current financial condition. It is critical that the City employ a qualified individual to assess the City’s financial condition and prepare the City’s 2018/19 budget.
DISCUSSION:
It is necessary for the City to continue to incur required expenditures to meet financial obligations prior to the adoption of the fiscal year budget. The attached Resolution will continue the 2017/18 fiscal year budget and authorize the City Manager to continue making payments for those financial obligations until the 2018/19 fiscal year budget is adopted.
FISCAL IMPACT:
Required expenditures unknown at this time. Common practice is to use prior year’s (current fiscal year 2017/18) budget as a guide.
ATTACHMENTS:
1. Resolution No. 2018-
RESOLUTION NO. 2018-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LIVINGSTON CONTINUING THE 2018/19 FISCAL YEAR BUDGET AND AUTHORIZING THE CITY MANAGER TO CONTINUE MAKING REQUIRED EXPENDITURES TO MEET CURRENT OR IMMEDIATE FINANCIAL OBLIGATIONS UNTIL THE 2018/19 FISCAL YEAR BUDGET IS ADOPTED
WHEREAS, the City management team held budget reviews and discussions relating to the proposed 2018/19 fiscal year budget at the staff level between in March 2018; and
WHEREAS, the City Council will hold budget workshops relating to the proposed 2018/19 Fiscal Year Budget in July and August; and
WHEREAS, it is necessary for staff to continue working on the 2018/19 Fiscal Year Budget due to current transitioning in key management positions and other operational procedures; and
WHEREAS, it is necessary for the City to continue to incur required expenditures to meet financial obligations prior to the adoption of the 2018/19 Fiscal Year Budget; and
WHEREAS, in order to meet financial obligations, it is necessary to continue operating under the 2017/18 fiscal year budget until the 2018/2019 fiscal year budget is adopted.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Livingston does hereby continue the 2017/18 fiscal year budget and authorizes the City Manager to continue making required expenditures to meet current or immediate financial obligations until the 2018/19 Fiscal Year Budget is adopted.
Passed and adopted this 19th day of June, 2018, by the following vote: AYES:
NOES:
ABSENT:
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Jim Soria, Mayor
of the City of Livingston
ATTEST:
I, hereby certify that the foregoing resolution was regularly introduced, passed and adopted at a regular meeting of the City Council of the City of Livingston this 19th day of June, 2018.
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Antonio Silva, City Clerk of the City of Livingston
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