MO 1996-011 to 1996-015 - Laserfiche WebLink

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City Council Page 2 The Finance Committee directed staff to complete further analysis on each of the issues. The Committee will refine its recommendations in April and update the City Council as an important step in the City budget development. Included in this Committee report are the following elements: 1. Recommended Budget Strategies, 1996-97 a) 1996-97 Financial Issues b) Budget Strategies for Balancing the General Fund c) Strategies Requiring Further Review and Recommendation d) Issues with Long -Term Financial Implications e) Issues Addressed Not Recommended for Further Action f) Budget Summary Analysis. I. Capital Improvement Program (Draft), 1996-97. 3. Minutes, Finance Committee Meetings from February 6-27, 1996. CAPITAL IMPROVEMENT PROJECTS AND COMMUNITY ASSISTANCE The Finance Committee reviewed a draft list of Capital Improvement projects for 1996-97. The current list of projects require funding by the general fund and nine other sources (i.e., Redevelopment Agency, enterprise funds and grants) in the amount of $6.7 million. Capital enhancement projects at both the Marina and Golf Course have been removed from the list, with only Marina entrance design and maintenance projects remaining. Further refinement of the list for these enterprise funds will be completed by the Finance Committee and a recommendation provided to the City Council. Changes in the community assistance funding process for 1996-97 were also reviewed by the Finance Committee. BUDGET DEVELOPMENT PROCESS The budget process began for the 1996-97 fiscal year with the State of the City and the Mid - Year Budget presentations on February 5, 1996. Following the presentations, the City Council referred review and development of draft budget strategies to the Finance Committee. A total