Council to hold a public hearing and take action on Resolution No. 53-26 adopting a final budget; setting forth the receipts and expenditures and the amounts proposed to be raised by direct property t
Extracted text (via pymupdf)
2194 characters
6.B CITY OF BUCKEYE Regular Council Meeting COUNCIL ACTION REPORT MEETING DATE: 06/02/26 AGENDA ITEM: 6.B. Resolution No. 53- 26 Final Budget Adoption DATE PREPARED: 05/28/26 DISTRICT NO.: All STAFF LIAISON: Keith Fallstrom, Chief Financial Officer, kfallstrom@buckeyeaz.gov, (623) 349-6161 DEPARTMENT: Financial Services AGENDA ITEM TYPE: Public Hearing and Non Consent - New Business Items ACTION/MOTION: (This language identifies the formal motion to be made by the Council) Council to hold a public hearing and take action on Resolution No. 53-26 adopting a final budget; setting forth the receipts and expenditures and the amounts proposed to be raised by direct property taxation for the various purposes for the fiscal year 2027. GOALS AND OBJECTIVES FOR THE STRATEGIC PLAN FOCUS AREAS: Fiscal Responsibility SUMMARY PROJECT DESCRIPTION: Council must conduct a public hearing to discuss, consider, and take action on approving the Final Budget for fiscal year 2027. On May 19, 2026, Council approved Resolution No. 51-26 in the amount of $765,436,200 as the Tentative Budget. Notice was published as required by law. Arizona Revised Statutes provide that the total amounts proposed to be spent in the final budget shall not exceed the total amounts that were proposed for expenditure in the adopted, published tentative estimates. BENEFITS: This action satisfies the requirement set forth in Arizona Revised Statutes to annually adopt the fiscal year 2027 Final Budget and sets forth the financial resources plan for the City of Buckeye's fiscal year 2027 service delivery programs. FUTURE ACTION: Adoption of fiscal year 2027 Property Tax Levy on June 16, 2026. FINANCIAL IMPACT STATEMENT: The Final Budget estimate for fiscal year 2027 is $765,436,200. CURRENT FISCAL YEAR TOTAL COST: $ BUDGETED: Yes FISCAL YEAR: 2027 FUND/DEPARTMENT: Various Items related to a project or facility location must include an attached vicinity map for Council Review. ATTACHMENTS: 2027_City-Town_Official_Budget_Forms Final Adoption.xlsx 2027_City-Town_Official_Budget_Forms Final Adoption.pdf Resolution_No._53-26_Final_Budget_Adoption_FY2027 (updated 05.27).pdf Final Budget FY2027 5.26.26.pptx