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File #: 25-165    Version: 1 Name:
Type: Public Hearing Status: Passed
File created: 6/2/2025 In control: City Council
On agenda: 6/10/2025 Final action: 6/10/2025
Title: Public Hearing on Proposed FY 2025-26 City of Hercules Annual Budget Plan including the First Year of the Ten-Year 2025-2035 Capital Improvement Plan (CIP) Budget RECOMMENDATION: Open the Continued Public Hearing, receive a Staff Report, Take Public Testimony, Close the Public Hearing, and Adopt the following resolutions (Attachments 1-3): 1. Approving the FY 2025-26 City of Hercules Budget Plan which includes the First Year (2025-26 Fiscal Year) of the Ten-Year (2025-2035 Fiscal Years) Capital Improvement Plan (CIP) Budget and making certain designations and fund balance adjustments, approving annual contracts for services in total amount of $7,743,160. 2. Approving the FY 2025-26 Hercules Public Financing Authority Budget Plan Consisting of Debt Service in the amount of $2,023,258. 3. Establishing the Appropriations Limit for the FY 2025-26 in accordance with Proposition 111 and Article XIII B.
Attachments: 1. Staff Report - Continued Budget Public Hearing & Adoption, 2. Attach 1 - Resolution - City Budget FY 2025-26, 3. Attach 2 - Resolution - PFA FY 2025-26, 4. Attach 3 - Resolution - GANN Limit FY 2025-26, 5. Attach 4 - FY 25-26 Proposed Annual Budget

Title

Public Hearing on Proposed FY 2025-26 City of Hercules Annual Budget Plan including the First Year of the Ten-Year 2025-2035 Capital Improvement Plan (CIP) Budget

RECOMMENDATION:

Open the Continued Public Hearing, receive a Staff Report, Take Public Testimony, Close the Public Hearing, and Adopt the following resolutions (Attachments 1-3):

 

1. Approving the FY 2025-26 City of Hercules Budget Plan which includes the First Year (2025-26 Fiscal Year) of the Ten-Year (2025-2035 Fiscal Years) Capital Improvement Plan (CIP) Budget and making certain designations and fund balance adjustments, approving annual contracts for services in total amount of $7,743,160.

 

2. Approving the FY 2025-26 Hercules Public Financing Authority Budget Plan Consisting of Debt Service in the amount of $2,023,258.

 

3. Establishing the Appropriations Limit for the FY 2025-26 in accordance with Proposition 111 and Article XIII B.