2014 2:00:00 PM

Monday, April 14, 2014 2:00 PM
Council Chambers, Legislative Bldg, 745 4th St, Sparks, NV

General Business: 6.9

Title: Consideration, discussion, and possible approval of fiscal year 2014-2015 budget recommendations and fiscal items including 1) the City Manager’s recommendations for the City of Sparks final budget; 2) the City’s property tax rate; and 3) the proposed five year Capital Improvement Plan. [For Possible Action]

Petitioner/Presenter: Stephen W. Driscoll, ICMA-CM, City Manager/Jeff Cronk, CPA, Financial Services Director

Recommendation: City Council approve 1) the City Manager’s recommendations for the fiscal year 2014-2015 final budget; 2) an increase in the City’s property tax rate equal to 4.37 pennies per $100 of assessed valuation; and 3) the proposed five year Capital Improvement Plan.

Financial Impact: Recommending the City’s budget for Fiscal Year 2014-2015.

Business Impact (Per NRS 237):
A Business Impact Statement is not required because this is not a rule.

Agenda Item Brief:

This agenda item provides the City Council with the City Manager’s recommendations for the fiscal year 2014-2015 budget and fiscal impacts for the City of Sparks.

Background:

See attached staff report. Also, see attached City Manager's Final Budget Recommendations (note: the final budget recommendations report is a large file).

Analysis:

See attached staff report. Also, see attached City Manager's Final Budget Recommendations (note: the final budget recommendations report is a large file).

Alternatives:

City Council could also choose alternatives other than those presented today, and direct staff to prepare a final budget and Capital Improvements Plan for fiscal year 2014-2015 accordingly.

Recommended Motion:

Recommended Motion #1: “I move to approve the City Manager’s final budget recommendations for fiscal year 2014-2015”.

Recommended Motion #2: “I move to approve that a property tax rate increase of 4.37 cents, from $3.6163 to the statutory limit of $3.66 per $100 of assessed value, is included in the final budget for fiscal year 2014-2015.”

Recommended Motion #3: “I move to approve the proposed five-year Capital Improvements Plan for fiscal year 2014-2015 through fiscal year 2018-2019”.

Attached Files:

FY '15 City Manager Final Budget Recommendations Staff Report_4-14-14.pdf

FY15 CM Budget Recommendations Book-FINAL-reduced.pdf

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