FOUR FIFTHS VOTE REQUIREMENT (1) Receipt and Filing of the Fiscal Year 2014/2015 Mid Year General Fund Budget Monitoring Report (2) Receipt and Filing of the General Fund Financial Forecast (3) Provide Notification Inviting Public Comment and Input for the Upcoming Proposed Budget for Fiscal Year 2015/2016 and (4) Approval of Proposed Budget Amendments. City of Culver City California Agenda Item Report Item Number: A 3 Meeting Date: 02/23/15 CITY COUNCIL AGENDA ITEM: FOUR FIFTHS VOTE REQUIREMENT (1) Receipt and Filing of the Fiscal Year 2014/2015 Mid Year General Fund Budget Monitoring Report (2) Receipt and Filing of the General Fund Financial Forecast (3) Provide Notification Inviting Public Comment and Input for the Upcoming Proposed Budget for Fiscal Year 2015/2016 and (4) Approval of Proposed Budget Amendments. Contact Person/Dept.: Jeff Muir CFO Finance Department Fiscal Impact: Yes X No Public Hearing: Public Notification: (Email) Meetings and Agendas City Council (02/17/15); (Email) Ongoing Topics Fiscal and Budget Issues (02/17/15) Department Approval: Jeff Muir (02/17/15) Chief Financial Officer Approval: Jeff Muir (02/17/14) Phone Number: (310) 253 5865 General Fund: Yes X No Attachments: X City Attorney Approval: Carol Schwab (by H. Baker) (02/17/15) City Manager Approval: John M. Nachbar (02/17/15) Action Item: X RECOMMENDATION: Staff recommends the City Council (1) receive and file the Fiscal Year 2014/2015 Mid Year Budget Monitoring Report (2) receive and file the General Fund Financial Forecast (3) provide notification inviting public comment and input for the upcoming Proposed Budget for Fiscal Year 2015/2016 and (4) approve related budget amendments. A budget amendment requires a 4/5ths vote. BACKGROUND / DISCUSSION: Mid Year and Forecast Reports The attached Mid Year Budget Monitoring Report (Mid Year Report) presents the City Council with a snapshot of General Fund Enterprise Fund and Internal Service Fund expenditures and revenues through the fi...
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