HomeMy WebLinkAboutAgenda Report - May 7, 2008 K-04K'04
4DCITY OF LODI
COUNCIL COMMUNICATION
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AGENDA TITLE: Review of the 2008-2009 Draft Budget
MEETING DATE: May 7,2008
PREPARED BY: City Manager
RECOMMENDED ACTION: Receive presentation on the 2008-2009 Draft Budget.
BACKGROUND INFORMATION: The first draft of the 2008-2009 budget was distributed
at the Special Council meeting of April 30, 2008.
General background and an overview of the budget was provided at that time. Now, additional
information will be presented.
The 2008-2009 budget needs to be adopted prior to June 30,2008.
FISCAL IMPACT: The draft 2008-2009 budget provides an expenditure plan for all funds for
next fiscal year commencing July 1, 2008. The total All Funds Budget is $186,957,380. This is
a decrease of approximately $26.7 million from the FY 2007-08 All Funds Budget. The
proposed General Fund Budget is approximately $34,104,000.
FUNDING: Not applicable.
Blair King, anager
APPROVED:
I§WWIng, City Manager