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Report regarding resolution approving the Fiscal Years 2017-19 Biennial Operating Budget for the City of South San Francisco, approving the Gann Appropriations limit, and making changes to the City's salary schedules (Richard Lee, Director of Finance)
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RECOMMENDATION
Recommendation
It is recommended that the City Council adopt a resolution that approves the Fiscal Year (FY) 2017-19 Proposed Biennial Operating Budget, the Gann Appropriations Limit, and changes to the City's Salary Schedules. The proposed Capital Improvement Program (CIP) budget will be transmitted by the Engineering Division separately.
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BACKGROUND/DISCUSSION
The FY 2017-19 Proposed Biennial Operating Budget was presented to the Budget Subcommittee (Vice Mayor Pradeep Gupta and Councilmember Liza Normandy) on May 3, 2017. The budget was then reviewed by the full City Council at the Study Session on May 31, 2017.
The attached FY 2017-19 Proposed Biennial Operating Budget book incorporates direction from the City Council, as well as the following notable changes that occurred subsequent to the Study Session:
* Program to assist low income residents with the sewer service rate increase;
* BIO 2018 Conference budget increased from $75,000 to $125,000;
* Addition of Sewer Fund CIP appropriations; and
* Purchase of land from the Successor Agency in the amount of $7.18 million.
The following new job classifications and related salary schedules listed in the accompanying resolution are created upon approval by the City Council as of June 28, 2017:
* Landscape Architect;
* Building Plan Reviewer; and
* Senior Permit Technician.
FUNDING
The Proposed Biennial Operating Budget for FY 2017-19 estimates Total Revenues for all funds at $196,443,602, while Total Expenditures for all funds are estimated at $208,247,202 in FY 2017-18. In FY 2018-19, Total Revenues for all funds is projected to be $216,815,142, while Total Expenditures for all funds is projected to be $220,212,301.
In FY...
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