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  Item #   5. B. 1.    
City Council
Meeting Date: 06/10/2019  
Submitted For: Warren Porter Submitted By: Nagesh Chopra

Information
Item
Receive Public Comment and Approval of Resolution No. _______ approving the Financial Plan of the Various Edmond Funds for FY 19-20: 1) General Fund, 2) Special Revenue Funds, 3) Capital Outlay Funds, and 4) Internal Service Funds.
Background
This budget resolution is required to formally approve and adopt the FY 19-20 City of Edmond Budget. Exhibit “A” outlines the detailed amounts for each fund.
Time Frame
Per state statute, formal adoption of the FY 19-20 Budget must be done 10 days prior to the beginning of the new fiscal year –July 1, 2019. Public must be given notice of the budget proposal and given the opportunity to provide written and oral comments.

A Public Hearing for comments and questions concerning the proposed budget was held on May 16, 2019 (Thursday).
Issue
Approval of Resolution and approving the Appropriations of various City of Edmond funds for FY 19-20.
Recommendations
Staff recommends approval.
Action Needed
Approval of Resolution and approving the Appropriations of various City of Edmond funds for FY 19-20.
Public Notification
As required by statute. Notice of budget was published April 24, 2019.

Fiscal Impact
Attachments
COE Budget Resolution with Exhibit A

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