City of Coral Gables
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File #: 19-9111    Version: 1 Name:
Type: Ordinance Status: Second Reading
File created: 8/23/2019 In control: City Commission
On agenda: 9/12/2019 Final action:
Enactment date: Enactment #:
Title: An Ordinance adopting the Annual Budget of Estimated Revenues and Expenditures for the Fiscal Year beginning October 1, 2019 and ending September 30, 2020; providing for the separability of the provisions hereof; and providing that this Ordinance shall become effective October 1, 2019.
Attachments: 1. FY20 Cover Letter - Adoption of Annual Budget - 1st Hearing, 2. FY20 Ordinance to approve Annual Budget - 1st Hearing, 3. FY20 Supporting Schedules for 1st Hearing

Title

An Ordinance adopting the Annual Budget of Estimated Revenues and Expenditures for the Fiscal Year beginning October 1, 2019 and ending September 30, 2020; providing for the separability of the provisions hereof; and providing that this Ordinance shall become effective October 1, 2019.

Body

On July 1, 2019 the City Manager distributed the City’s Fiscal Year 2019-2020 Annual Operating Budget Estimate in the amount of $229,041,971 to the City Commission.  On July 9, 2019 a workshop was held to present the budget estimate to the City Commission and answer any questions or concerns.  The budget that is being presented at the September 12, 2019 hearing is $229,954,725; an increase of $912,754.    Attached to this agenda item is a document that details the $912,754 difference between the two budget versions.  These changes will be presented and discussed at the hearing.