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Lake Havasu City council adopts FY 2019-20 tentative budget, appoints chief fiscal officer
Summary
City council adopted a tentative FY 2019-20 budget setting a cap at just over $148 million and appointed Administrative Services Director Jill Olsen as Chief Fiscal Officer. Council said the tentative total cannot be increased before final adoption and highlighted no new debt and a flat property tax rate.
The Lake Havasu City Council on Tuesday adopted the tentative fiscal year 2019-20 budget, setting the maximum total for the coming year at just over $148 million and approving processes for final adoption later this summer.
The tentative budget, adopted by the council in a 6-0 vote, establishes the upper limit for the city’s 2019-20 spending; the total can be reduced but not increased before the final budget vote. Councilmembers highlighted that the draft contains no new debt and that the property tax rate will remain flat.
Administrative Services Director Jill Olsen presented the budget figures and told the council the tentative total is ‘‘a little over $148,000,000’’ and that enterprise utilities (water and sewer) represent roughly 49 percent of the total. Public safety represents about 25 percent of the budget; general government and public works account for the remaining shares. Olsen also noted a $50,000 addition to the court budget to cover public defender costs identified after the request-for-proposals process.
The council moved to appoint Administrative Services Director Jill Olsen as the Chief Fiscal Officer for fiscal year 2019-20 by resolution, a recurring administrative requirement. "This is something that you would see annually," Olsen said, explaining that state reporting requires the appointment.
Council members discussed highlights of the budget process and prior work sessions. Councilmember Gordon Groat moved to adopt the tentative budget; Councilmember Michelle Lynn seconded. The motion carried 6 to 0.
Adoption of the tentative budget begins the formal budget process; final budget adoption is scheduled for a future meeting after public hearings and additional review. The council also announced the final budget adoption will occur at the June 25 regular meeting.
