Memorandum 15-146 FY 2016 Budget and Revenue Draft Schedule

Memorandum 15-146

TO:                       Honorable Mayor Wythe and Homer City Council

FROM:                 Katie Koester, City Manager

DATE:                  August 24, 2015

SUBJECT:         Memo on FY2016 Budget and Revenue DRAFT Schedule

The purpose of this memo is to put forward a DRAFT timeline for public outreach and decision making regarding the 2016 City of Homer budget.

September 14

Work session and Committee of the Whole: Revenue Sources for General Fund

Staff will provide detailed information on possible revenue options including barriers, timelines, affected parties and projected revenue (if known)

September 23*

Town Hall: Revenue Sources for General Fund

Opportunity for public to ask in-depth questions about revenue sources Council is considering and offer suggestions

September 28

Preliminary budget assumptions to Council (staff shares budget update with Council)

October 12

Work session on Revenue Sources for General Fund

Committee of the Whole: Council to discuss budget

               City Manager presents 2 budgets:

Budget A: Assumes new revenue (assumes sufficient revenue to, for the most part, retain same level of service and fund reserves)

               Budget B: Bare bones budget (proposes significant reductions in services)

October 26

Budget Ordinance and fee tariff resolution introduced

Revenue Ordinance introduced

Budget amendments from Council considered

November 2*

Town Hall collecting input on Budget A (assumes new revenue) and Budget B (bare bones)

November 23

Committee of the Whole: Council discusses budget

Regular meeting: Public Hearing on Budget and Revenue ordinances

Budget amendments from Council considered

December 14

Public hearing and adoption of proposed budget: Council approves Amended Budget A (assumes new revenue) or Amended Budget B (bare bones)

Budget amendments from Council considered

Public hearing and final consideration of Revenue Ordinance

Resolution approving a special election considered if necessary

*indicates not a Council meeting date