Title
FY2018 Adopted Budget Adjustment (B)
Explanation
In 2013 the CRA underwent a thorough strategic planning process that set the stage for more focused Community Initiatives in each of its Redevelopment Areas. Out of that process, a Workplan was developed and the first ever two-year CRA budget was adopted by the CRA Board for fiscal years (FY) 2015 and 2016 in July 2014.
The goals of moving to a two-year budget were to simplify the CRA budget process and to appropriate sufficient resources to support the adopted Workplan, which contains project timelines that can span multiple fiscal years. The FY2017 and FY2018 budgets were approved by the CRA Board at its July 2016 meeting.
At today’s meeting CRA staff will provide an update on the projected tax revenues for FY2018, summarize theFY2018 adopted budget that goes into effect October 1, 2017 and highlight proposed changes for the Board’s consideration.
Fiscal Note
None
Recommendation
CRA Staff to CRA Board: Approve Resolution #170174 FY18 Adopted Budget Adjustment as presented and modified, if applicable.