Conduct a Public Hearing regarding the City's Budget for Fiscal Year 2006/2007. City of Culver City California City Council Agenda Item Report Meeting Da e: 6/26/06 AGENDA ITEM: Public Hearing and Adoption of a Resolution of the City Council Adopting the Fiscal 2006 07 City Budget Item Number: PH 6 Contact Person/Dept.: Marlee Chang City Controller Phone Number: (310) 253 6011 X No Fiscal Impact: Yes Public Hearing: X Public Notification: Notification published in the Culver City News on June 15 2006 Master Notification List (06/21/06). X No Attachments: X Action Item: H General Fund: Yes Department Approval: Marlee Chang 6/21/06 City Controller Approval: Marlee Chang 6/21/06 RECOMMENDATION: CAO Approval Jerry Fulwood 6/21/06 That the City Council adopt the Resolution Budget. approving the Fiscal 2006 07 City PROCEDURE: 1) Receive and file the Notice of Affidavit 2) Open the Public Hearing. 3) Request a staff report if desired. 4) Ask for public testimony. 5) Close the Public Hearing and consider 6) Adopt the Resolution approving the 2006 2007 of Publication. public testimony. City Budget. BACKGROUND/DISCUSSION: Since the proposed 2006 07 budget was 2006 the City Council has held six (6) public the needs of the City departments in community. As a result of these study sessions revisions to the proposed budget document changes which are incorporated in the budget evening. submitted to the City Council on May 15 budget sessions to review and discuss meeting the service expectations of the the City Council has made various along with staff initiated technical resolution before you for approve this City of Culver City California City Council Agenda Item Report As part of the 2006 07 proposed budget the City Treasurer's Office submitted a proposed revenue enhancement of $209 000 in lieu of expenditure reductions. This revenue enhancement is an increase in Business License Tax (outlined below) which would require amending the Municipal Code. Business License Tax o Increas...
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