Res 2016-057/Approving a Budget Policy Statement for preparation of the 2016-2017 fiscal year budget; and declaring an effective date; and consider approval of Resolution 2016-56R.

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• Funding for special programs remains flat. Organizations can request increases during the budget process for specific programs • Evaluate funding for potential events and projects such as: • Music Festival/Airshow • Lighting replacement at Ramon Lucio baseball fields • Other special events • Transition Convention and Visitors Bureau into a City department * Economic Development Funding • Continued funding by the three major funds of a total of $200K annually to provide a funding source for potential economic incentives in the absence of 4A/4B funding. Fiscal year 2017 will be the 3rd year of annual funding. • Use of existing funds from fiscal years 2015 and 2016 to fund the BIG (Business Improvement and Growth) program. Funding may be added in future fiscal years based on need. * Potential Bond Election • Plan for a future bond election in the 2017 timeframe. • A proposed bond program will be submitted to Council after facility studies are complete and a recommendation formulated. * Potential Additional Budget Items to be added after final City Council Visioning • City Council will finalize visioning on May 13, 2016 • Potential items that could be added to the budget include: • City Auditor • Educational opportunities for citizens • Expanded analysis and compilation of city data Budget Policy Page 4 April 21,2015