File #: 22-211    Version: 1 Name:
Type: Public Hearing Status: Agenda Ready
File created: 6/16/2022 In control: City Council
On agenda: 6/28/2022 Final action:
Title: Public Hearing on Proposed FY 2022-23 City of Hercules Budget Plan Including the First Year of the Five-Year 2023-2027 Capital Improvement Budget Recommendation: Open the continued public hearing, receive a staff report, take public testimony, close the public hearing, and adopt the following Resolutions: a) Approving the FY 2022-23 City of Hercules Budget Plan which includes the first year (2022-23 Fiscal Year) of the Five-Year (2023-2027 Fiscal Years) Capital Improvement Budget and making certain designations and fund balance adjustments, approving (29) annual contracts for services in a total amount of $4,720,936. b) Approving the FY 2022-23 Hercules Public Financing Authority Budget Plan Consisting of Debt Service in the amount of $1,971,526. c) Establishing the Appropriations Limit for the FY 2022-23 in accordance with Proposition 111 and Article X111B. d) Amending the Statement of Financial Principles and Policies.
Attachments: 1. SR - Budget Public Hearing & Adoption 06282022, 2. Attach 1 - Resolution City Budget FY 2022-23, 3. Attach 2 - Resolution PFA FY 2022-23, 4. Attach 3 - Resolution GANN Limit FY 2022-23, 5. Attachment 3.A - GANN LIMIT CALC - FY 2022-23, 6. Attach 4 - Resolution amending the Statement of Financial Principles and Policies

Title

Public Hearing on Proposed FY 2022-23 City of Hercules Budget Plan Including the First Year of the Five-Year 2023-2027 Capital Improvement Budget

Recommendation: Open the continued public hearing, receive a staff report, take public testimony, close the public hearing, and adopt the following Resolutions:

 

a) Approving the FY 2022-23 City of Hercules Budget Plan which includes the first year (2022-23 Fiscal Year) of the Five-Year (2023-2027 Fiscal Years) Capital Improvement Budget and making certain designations and fund balance adjustments, approving (29) annual contracts for services in a total amount of $4,720,936.

 

b) Approving the FY 2022-23 Hercules Public Financing Authority Budget Plan Consisting of Debt Service in the amount of $1,971,526.

 

c) Establishing the Appropriations Limit for the FY 2022-23 in accordance with Proposition 111 and Article X111B.

 

d) Amending the Statement of Financial Principles and Policies.