DEPARTMENT: Office of Management & Budget
DEPARTMENT HEAD: Maria Villagomez
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
Presentation of City's FY 2015 Proposed Annual Budget
SUMMARY:
On August 7, 2014, the City Manager will present to the Mayor and City Council a Proposed Balanced Operating and Capital Budget for Fiscal Year (FY) 2015. The City's fiscal year begins on October 1 and ends on September 30. Following this presentation, the City Council will consider an ordinance setting the date, time, and place for two Budget Public Hearings and two Ad Valorem Tax Rate Public Hearings.
The FY 2015 Operating and Capital Budget, the Ad Valorem City Property Tax Rate, and revenue adjustments are scheduled to be adopted by City Council on Thursday, September 18, 2014.
BACKGROUND INFORMATION:
Each year, the City Manager presents a proposed balanced budget that reflects the City Council policy direction and service priorities from the residents of San Antonio.
FY 2015 Budget Development
On March 20, the City Manager provided the FY 2015 Budget Calendar, setting key dates for the development of the proposed budget, to the City Council. The key dates in the calendar included the presentation of the Five Year Financial Forecast, City Council Goal Setting Session, Community Budget Input Meetings prior to the development of the budget, a presentation of the FY 2015 proposed budget, Community Budget Input Meetings on the proposed budget and City property tax rate, and budget adoption.
On May 14, City Council was presented with recommended updates to the City's Financial Management Policies and the Five Year Financial Forecast covering the years of FY 2015 to FY 2019. Following this presentation, the City hosted five community meetings between the dates of May 19 to May 22 to obtain community input prior to the development of the FY 2015 budget.
A City Council Budget Goal Setting Worksession was held on May 27 to obtain policy...
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