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Lake Havasu Council reviews FY 2019–20 draft budget; tentative adoption set for June
Summary
City staff presented a draft FY 2019–20 operating budget and five‑year CIP at a May 16 budget work session, detailing reserves, contingency, capital outlay and next steps; council and staff discussed service costs including trash/recycling, jail costs, and supplemental requests.
Lake Havasu City Council held a budget work session on May 16, 2019, to review year‑end estimates for FY 2018–19, the draft FY 2019–20 operating budget and the five‑year Capital Improvement Plan. City staff said the council will be asked to adopt a tentative budget on June 11 and the final budget on June 25, with property tax levies to be presented July 9.
The presentation, led by staff, emphasized that Proposition 409 did not provide the city with new revenue but removed a cap that limited how the city could spend revenues it already collects. Staff said the proposed FY 2019–20 budget holds significant reserves and contingencies: a budget stabilization reserve just over $12,000,000 for the General Fund (about 25% of a five‑year average of revenues), contingency totals of roughly $2,200,000 across funds (General Fund $500,000; Wastewater $1,000,000; Water/IDD $500,000), and $2,700,000 proposed for capital outlay.
Why it matters: those reserves and contingencies shape how…
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