City and Borough of Juneau
Assembly Finance Committee Meeting
Wednesday, April 4, 2012 – 5:30 pm
Assembly Chambers

 

I. Call to Order

II. Roll Call

III. Approval of Minutes
March 6, 2012 (pp.3-4)

IV. FY13 and FY14 Biennial Budget Document
The FY13 and FY14 Biennial Budget document will be distributed at the meeting along with copies of the School District’s budget requests and the Capital Project Plan.

The City and Borough prepares and submits to the Assembly a biennial budget every other year. In the first year of each two-year (biennial) budget, the Assembly adopts the first year’s budget (FY13) and approves, in concept, the second year’s budget (FY14). The conceptually approved budget, the 2nd year budget, is then brought back before the governing body in the following year for review, updating as appropriate and adoption.

We are submitting to you (Assembly and Finance Committee) the Manager’s proposed FY13 and FY14 Biennial Budget. Over the next few weeks the Finance Committee is scheduled to review the proposed biennial budget. There are several key action dates in the review process.

• The Assembly must approve (by motion) the local funding amount for the School District’s general operating support. This motion must be done within 30 days of the District’s budget submission. The District submitted their budget for this year on March 30, 2012. This is scheduled to come before the Assembly on April 23, 2012.

• The Assembly must hold one public hearing on the budget ordinances in April. The budget is scheduled for public hearing on April 23, 2012.

• The Assembly must adopt the School District’s budget no later than May 31, 2012. The School District budget is scheduled to come before the Assembly for action on May 14, 2012.

• The Assembly must adopt the FY13 operating and capital budgets along with the mill levy no later than June 15, 2012. This is scheduled to come before the Assembly for action on June 4, 2012.

Staff will present a short overview of the content and structure of the FY13 and FY14 Biennial Budget document.

V. Budget Overview
The City Manager, Kim Kiefer, will provide an overview of the FY13 and FY14 Biennial Budget development processes.


VI. Revenue and Expenditure Overview
Craig Duncan, Finance Director, will provide an update on the revenue and expenditure projections, debt service and proposed mill levies for FY13 and FY14.

VII. Executive Session

VIII. Information Item
A. FY13 Assembly Finance Committee Meeting Schedule (pp.5-6)
B. Pending Items List (p. 7)

IX. Adjournment