Title
Adoption of Resolutions (1) Approving and Adopting the City of Alameda Operating and Capital Budget Mid-Cycle Update for Fiscal Year (FY) 2016-17; (2) Approving and Adopting the Successor Agency to the Community Improvement Commission Budget for FY 2016-17; and (3) Approving Workforce Changes in the City Attorney's Office, Finance Department, Information Technology Department, Public Works Department and Police Department. [CITY COUNCIL AND SACIC] (Finance 2410)
Body
To: Honorable Mayor and Members of the City Council;
Honorable President and Members of the Successor Agency Board
From: Jill Keimach, City Manager
Re: Adoption of Resolutions (1) Approving the City of Alameda Operating and Capital Budget Mid-Cycle Update for Fiscal Year 2016-17; (2) Approving the Successor Agency to the Community Improvement Commission's Budget for Fiscal Year 2016-17; and (3) Approving Workforce Changes in the City Attorney's Office, Finance Department, Information Technology Department, Public Works Department and Police Department
BACKGROUND
The City Council adopted the biennial Budget for the FY 2015-16 and 2016-17 on June 2, 2015. After the first year of the budget cycle, staff has traditionally brought to the City Council for approval an update to the second budget year (mid-cycle update). The FY 2016-17 mid-cycle update includes changes related to a more refined revenue forecast based on the current economy and expenditure changes necessitated by operating demands or other external factors. A summary of the FY 2016-17 Revised Budget for the City of Alameda is presented to the City Council tonight in Exhibit (1, 2 and 3). Staff recommends City Council adopt these changes to the operating and capital budgets for FY 2016-17. Staff also recommends that the Board of the Successor Agency to the Community Improvement Commission adopt the Successor Agency's Budget for Fiscal Year 2016-17.
DISCUSSION
Economic Outlook
The U.S. economy continues to sho...
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