Title
A Resolution to Adopt Fiscal Year 2015 Budgets
Summary
DESCRIPTION OF TOPIC: (who, what, when, where, why, and how much)
Mike Thompson, City Administrator - request that Council consider adoption of the FY15 Budgets.
SOURCE OF FUNDING:
Please provide the amount requested: ____________
Is this a budgeted item? Yes /No
Please provide the budgeted amount: $_____________ Account No. ___________________________
If budgeted, is this a capital purchase, capital project, or special fund? _________________________
Was this item included in the Fiscal Year Capital Projects Plan? Yes/No
If yes, please provide the amount included in Capital Projects Plan: $___________
Body
WHEREAS, budgets for the following funds are adopted in their entirety: General Fund, Fire Dept. Ad Valorem Fund, Library Fund, Recreational Activities Fund, Gas Tax Fund, Court Corrections Fund, Jail Corrections Fund, Economic Incentive Funds, Debt Service Funds, and the Public Facilities Cooperative District Funds, and
WHEREAS, certain non-project expenses are budgeted for the Capital Projects Fund and the Centennial Fund. The infrastructure maintenance and capital construction projects in these funds are approved on a per project basis and do not expire until the project is complete. Project schedules contained herein are for informational and planning purposes only, and
WHEREAS, adoption of these budgets represent the City Council's best estimate of the City's financial condition and needs for Fiscal Year 2015 (FY2015). However, changing conditions may require amendments to the various budgets at any time and there is no guarantee that the City will expend funds on any given project or other area covered by these budgets.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: These budgets covering the period October 1, 2014 to September 30, 2015 are adopted as prescribed herein. All fund budgets shall be updated...
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