HomeMy WebLinkAboutHearing in accordance with Bozeman Municipal Code 2.06.180 General Fund Balance
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Anna Rosenberry, Finance Director
SUBJECT: Hearing in accordance with Bozeman Municipal Code section 2.06.180 –
consideration of adopting a budget with a General Fund Unreserved Fund Balance below 16
2/3% of estimated revenues.
MEETING DATE: June 25, 2012
AGENDA ITEM TYPE: Action Item
RECOMMENDATION: IF NECESSARY, take public comment on adoption of a budget
with a General Fund Unreserved Fund Balance below 16 2/3% of estimated revenues.
BACKGROUND: This item is added to the agenda so that the Commission has all options
available in order to adopt the Fiscal Year 2013 Appropriation Resolution (Final Budget) on the
night of June 25, 2012. At this time, we don’t believe this hearing will be necessary; however,
discussions and votes related to the final budget resolution may result a need for the hearing.
The hearing on adopting a budget with a minimum reserve level below 16 2/3% of revenues
must happen before the budget is adopted.
UNRESOLVED ISSUES: If this action item is not necessary, simply skip this hearing.
ALTERNATIVES: As suggested by the Commission.
FISCAL EFFECTS: The fiscal effects of adopting a budget with a minimum reserve level
below 16 2/3% of revenues will be discussed during the hearing, if needed. .
Attachments: None.
Report compiled on: March 31, 2012
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