HomeMy WebLinkAbout21 - Fiscal Year 2015-16 Budget Adoption - PowerPoint (Staff)May 26, 2015
Item No. 21
FY 2015 -16 PROPOSED BUDGET
ADOPTION
City of Newport Beach
Council Meeting
May 26, 2015
FY 2015 -16 Highlights
• Budget is balanced
• Revenues remain strong
• No use of reserves for operations
• Sustained progress toward pension
obligations
• Continued focus on enhancing the
community's quality of life and safety
Budget Principles
Budget emphasizes:
• Providing a Municipal Government that
Residents Demand
• Providing a Safe and Secure Neighborhood
• Keeping Newport Beach Looking Great
• Maintaining a Prosperous, Fiscally
Sustainable, and Economically Viable City
newportbeachca .gov /financialinfo
Budget Adoption Process
Joint Meeting of Finance Committee & City Council
• March 26th CIP Review Part I
• April 14th CIP Review Part II
Finance Committee
• May 11, 2015 — Budget & FFP Overview
Council Study Session Review
• May 1, 2015 — Budget Overview Part I
• May 26, 2015 — FFP and Budget Overview Part II
Proposed Budget Adoption — Council Session May 26, 2015
Charter Requirement to Adopt Budget Prior to June, 30th
Recommended Action
Hold a Public Hearing
• Receive Public Input
Conduct Straw Vote to Approve the
Budget Checklist
Adopt Resolution 2015- adopting the
FY 2015 -16 Budget as amended by the
checklist
Approve list of FFP Projects, Scope and
Timing Contained within FFP
BUDGET CHECKLIST
Fiscal Year 2015 -16
Questions &Comments
City's budget documents can be accessed at:
www.newportbeachca.gov/budget