HomeMy Public PortalAboutCC Agenda - 15-02-10 SPECIAL Mid-Year Budget and 5 Year Forecast
CITY COUNCIL
TEMPLE CITY, CALIFORNIA
SPECIAL MEETING
FEBRUARY 10, 2015 – 7:00 P.M.
COUNCIL CH AMBERS – 5938 KAUFFM AN AVENUE
1. CALL TO ORDER – Mayor
2. ROLL CALL – Councilmember- Sternquist, Vizcarra, Yu, Chavez, Blum
3. PUBLIC COMMENTS
4. DISCUSSION ITEM
A. MID-YEAR BUDGET REVIEW AND 5 YEAR FORECAST
The Fiscal Year (FY) 2014-15 Mid-Year Budget review process provides the
City Council with an opportunity to review and adjust original revenue
projections and budgeted appropriations based on six months of actual
activity. Adjustments are a result of changes in revenue projections based on
actual revenue received from July 1, 2014 through December 31 , 2014, as
well as unanticipated expenditures due to information that was not previously
available.
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City Council Agenda
February 10, 2015
Page 2 of 2
Recommendation:
1) Authorize staff to revise various revenue estimates as indicated in
Attachment "A";
2) Authorize staff to revise various budgeted appropriat ions as indicated in
Attachment "B";
3) Authorize an increase in the bus passes and tokens subsidy for Tem ple
City residents; and
4) Receive a demonstration of the City’s Fiscal Health Diagnostic Tool, a
tool for forecasting future revenues and expenditures.
5. ADJOURNMENT
I hereby certify under penalty of perjury under the laws of the State of California that the foregoing agenda was
posted on the Civic Center bulletin board not less than 24 hours prior to the meeting.
Marilyn Bonus, Deputy City Clerk
Signed and Posted: February 6, 2015 (6:00 p.m.)
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in this meeting, please contact the City Clerk at (626) 285 -2171. Notification 48 hours prior to the
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meeting.