FY2014 Recommended Budget - City of Surprise

Approach to FY2014 Budget
(Continued)
• An important note: the numbers presented in tonight’s budget for
FY2013 ending balance and FY2014 revenues are projections
– We will not know final FY2012 ending balance until June 18 18, 2013 2013, and
we will not know our final results for FY2013 until early in calendar year
2014. We recognize revenues for FY2014 as they come in
• Therefore, as I presented to you this past December, we will have a very good
and more complete understanding of our financial stability by early 2014
• Therefore, the City Manager’s Recommended Budget continues in its
2-year plan
– Maintain current programs p g and services
– Manage the impacts of increases in development and higher service
demands from residents for existing programs and services
– Manage the inherent and expected increases in costs (utilities,
contractual obligations obligations, etc etc.) )
– Effectively and efficiently use what resources we have for capital projects
and asset replacement
– Provides a solution to help p mitigate g impact p to employees’ p y take-home felt
by increases in health care and retirement
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