HomeMy WebLinkAboutE- Packet 07-16-2007_Budget Hearing for FY2008, open and continue to Au_12
Commission Memorandum
REPORT TO: Honorable Mayor and City Commission
FROM: Anna Rosenberry, Finance Director
Chris Kukulski, City Manager
SUBJECT: Budget Hearing for FY2008
MEETING DATE: July 16, 2007
BACKGROUND: State property tax timelines prohibit the City from adopting a final budget
and tax levy before the fiscal year begins.
By advertising, opening and continuing the Budget Hearing, we will be able to quickly adopt the
final budget once taxable values are received in August. We recommend that the Budget
Hearing be continued to the August 20, 2007 Commission Meeting.
RECOMMENDATION: Open and Continue the Budget Hearing to August 20, 2007.
FISCAL EFFECTS: None at this time.
ALTERNATIVES: As suggested by the City Commission.
Respectfully submitted,
Anna Rosenberry, Finance Director Chris A. Kukulski, City Manager
Report compiled on July 5, 2007
Attachments: none
76