File #: 16-0357    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 4/14/2016 In control: Board of Mayor & Aldermen
On agenda: 6/28/2016 Final action: 6/28/2016
Title: Consideration of Ordinance 2016-012, an Ordinance to Adopt a Budget for Fiscal Year 2016-2017; (05-12-16 Finance 3-0, 05/24/16 WS: 05/24/16 BOMA 7-0; 06/14/16 BOMA 2nd Reading 8-0) THIRD AND FINAL READING
Sponsors: Eric Stuckey, Russ Truell, Michael Walters Young
Attachments: 1. Ordinance 2016-012 Budget FY17 Law Approved wFinance Revision.pdf, 2. FY 2017 - Budget Presentation BOMA - 5-24-16, 3. FY 2017 - Budget PH Presentation BOMA - 6-14-16 (002)

 

DATE:                                                               April 14, 2016

 

TO:                                          Board of Mayor and Aldermen

 

FROM:                                          Eric Stuckey, City Administrator

                     

                                          

SUBJECT:                                          

title

Consideration of Ordinance 2016-012, an Ordinance to Adopt a Budget for Fiscal Year 2016-2017;  (05-12-16 Finance 3-0, 05/24/16 WS: 05/24/16 BOMA 7-0; 06/14/16 BOMA 2nd Reading 8-0) THIRD AND FINAL READING 

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Purpose

The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the Operating and Capital Equipment Budget for the Fiscal Year 2016-2017. 

 

Background

The City Administrator is required to present a budget proposal to the Board of Mayor & Aldermen for the new fiscal in time for the Board to consider the proposal and enact the budget prior to July 1 of the new budget year.   The Municipal Code calls for the budget to be adopted by ordinance upon three reading of the Board and a public hearing.  The dates for those readings were established by the previously adopted Budget Calendar.

 

Financial Impact

The ordinance will create a balanced budget for the Fiscal Year 2016-2017.  

 

Recommendation

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Staff recommends adoption of the Budget Ordinance.