TITLE
Recommendation to receive supporting documentation into the record, conclude the public hearing, and take the actions necessary to adopt the Fiscal Year 2007 budget.
DISCUSSION
On August 14, 2006, the City Manager s Proposed Budget for Fiscal Year 2007 (FY 07) was delivered by the Mayor to the City Council and community with recommended amendments for consideration. Workshops and hearings were set for August 15 , 2006 August 22, 2006, September 5 , 2006, September 12, 2006, and September 19, 2006. During the scheduled workshops and hearings, presentations were made by departments; the City Council and the community were provided multiple opportunities for input. At the conclusion of the hearings, the City Council wil be asked to amend and adopt the proposed budget as it deems appropriate. Since the publication of the FY 07 Proposed Budget, updated estimates of revenue and expense, which address technical corrections are listed by fund and department in Attachments B and C, respectively. The Appropriations Ordinance offcially adopts the FY 07 budget and authorizes expenditures in conformance with the adopted budget. To become effective October 1, 2006 this Ordinance must include a findi g of emergency. Specific resolutions provide for approval of the budgets for the Harbor, Sewer and Water funds; and certain fee adjustments. Requests for approval include the FY 07 Capital Improvement Program; endorsement of the updated Financial Strategic Plan; and, the Mayor s and Budget Oversight Committee s recommended amendments to the FY 07 Proposed Budget. This letter was reviewed by Assistant City Attorney Heather A. Mahood on August 29, 2006.
TIMING CONSIDERATIONS
In accordance with the Long Beach City Charter, the FY 07 budget must be adopted by September 30, 2006 , following at least one public hearing. Should the City Council fail to adopt the budget on or by that date , the City Manager s FY 07 Proposed Budget shall be deemed the budget for the 2007 fiscal ...
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