Agenda Item Title:
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Budget Discussion Week 2 and Monthly Sales Tax Update
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Presenter: Brian Kelley, Administrative Services Director
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Description/Background:
Please review outline of the 10 week series. Please read through the information provided to facilitate a discussion about these topics.
The included budget information gives an overview of the following items:
• Goals and guiding financial principles, balancing priorities
• Calendar, roles, process
• Carryover
o Capital project carryover
o Operating carryover
§ Principle behind the practice
§ Appropriate uses
§ Process
• Fund structure
o Fund types
o Fund purposes
o Fund balance
o Inter-fund transfers
o Consolidated vs. major funds summary
Further action to be taken:
During these bi-weekly discussions the Council is encouraged identify topics that they would like to explore further.