City Manager Alex McIntyre presented the FY2014-15 Proposed Budget at a special workshop on Tuesday, May 27th.
“This budget, which represents a total spending plan of $72.1 million, provides for core services and funds all of the City Council’s adopted goals for FY2014-15. The General Fund (which funds most core services) is balanced and reflects a small anticipated operating surplus. While financial stability has not quite been fully achieved, we remain cautiously optimistic about the future,” said City Manager McIntyre.
The budget document (available for download at www.menlopark.org/budget) has a new look this year and includes important changes to help readers better understand the complex manner in which the City Council receives and appropriates funds. “This new document is just one of a number of initiatives underway to move our organization into the 21st Century,” said City Manager McIntyre.
The next opportunity for public comment on the proposed budget will be a public hearing scheduled for Tuesday, June 3rd at 7:00pm in the City Council Chambers at 701 Laurel Street in Menlo Park. The final draft of the budget will then be presented to the City Council at their next regular meeting on June 17th, where an additional opportunity for community input will be provided. To sign-up for email notifications of upcoming City Council meetings/agendas, please visit www.menlopark.org/notifyme.
Interested residents can view a recording of the budget workshop presentation via web streaming through the City’s website at www.menlopark.org/streaming. Residents seeking specific budget information or anyone with additional questions can contact Finance Director Drew Corbett for more information.