7 Resolution Continuing the 2015/2016 Fiscal Year Budget and Authorizing the Interim City Manager to Continue Making Required Expenditures to Meet Current or Immediate Financial Obligations Until the 20176/17 Fiscal Year Budget is Adopted.

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Meeting Date: June 21, 2016

STAFF REPORT

AGENDA ITEM: Resolution Continuing the 2015/2016 Fiscal Year Budget and Authorizing the Interim City Manager to Continue Making Required Expenditures to Meet Current or Immediate Financial Obligations Until the 2016/17 Fiscal Year Budget is Adopted.

MEETING DATE: June 21, 2016

PREPARED BY: Odi Ortiz, Interim City Manager/Finance Director

REVIEWED BY: Odi Ortiz, Interim City Manager

RECOMMENDATION:

Adopt Resolution No. 2016-_, continuing the 2015/2016 fiscal year budget and authorizing the Interim City Manager to continue making required expenditures to meet current or immediate financial obligations until the 2016/17 fiscal year budget is adopted.

BACKGROUND:

City management team has held budget reviews and discussions relating to the proposed 2016/17 fiscal year budget at the staff level between the months of April and June. Budget discussions with City Council are expected in July in efforts to seek input from community leaders and the general public. Due to current transitioning in key management positions and other procedural items, there’s a need to continue this budgetary analysis.

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 2015/16 fiscal year budget and authorize the Interim City Manager to continue making payments for those financial obligations until the 2016/17 fiscal year budget is adopted.

FISCAL IMPACT:

Required expenditures unknown at this time. Common practice is to use prior year’s (current fiscal year 2015/16) budget as a guide.

ATTACHMENTS:

1. Resolution No. 2016-

2669449.1

RESOLUTION NO. 2016-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LIVINGSTON CONTINUING THE 2015/16 FISCAL YEAR BUDGET AND AUTHORIZING THE INTERIM CITY MANAGER TO CONTINUE MAKING REQUIRED EXPENDITURES TO MEET CURRENT OR IMMEDIATE FINANCIAL OBLIGATIONS UNTIL THE 2016/17 FISCAL YEAR BUDGET IS ADOPTED

WHEREAS, the City management team has held budget reviews and discussions relating to the proposed 2016/17 fiscal year budget at the staff level between the months of April and June; and

WHEREAS, the City Council will hold budget workshops relating to the proposed 2016/17 Fiscal Year Budget in July; and

WHEREAS, it is necessary for staff to continue working on the 2016/17 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 2016/17 Fiscal Year Budget; and

WHEREAS, in order to meet financial obligations, it is necessary to continue operating under the 2015/16 fiscal year budget until the 2016/2017 fiscal year budget is adopted.

NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Livingston does hereby continue the 2015/16 fiscal year budget and authorizes the Interim City Manager to continue making required expenditures to meet current or immediate financial obligations until the 2016/17 Fiscal Year Budget is adopted.

Passed and adopted this 21st day of June, 2016, by the following vote:

AYES:

NOES:

ABSENT:

Rodrigo Espinoza, 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 21st day of June, 2016.

 
 

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Antonio Silva, City Clerk of the City of Livingston