Council to hold a public hearing and take action on Resolution No. 11-25 adopting a budget; setting forth the receipts and expenditures and the amounts proposed to be raised by direct
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5.C CITY OF BUCKEYE Regular and Special Council Meeting COUNCIL ACTION REPORT MEETING DATE: 06/03/25 AGENDA ITEM: 5.C. FIN - Resolution No. 11-25 Final Budget Adoption DATE PREPARED: 06/02/25 DISTRICT NO.: All STAFF LIAISON: Greg Luethje, Budget Manager, gluethje@buckeyeaz.gov, (623) 349-6186 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. 11-25 adopting a 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 2025-2026. SUMMARY PROJECT DESCRIPTION: Council must conduct a public hearing to discuss, consider, and take action on approving the Final Budget for Fiscal Year 2025-2026. On May 20, 2025, Council approved Resolution No. 10-25 in the amount of $819,669,500, 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: Satisfies the State requirement to annually adopt the Fiscal Year 2025-2026 Final Budget and sets forth the financial resources plan for Buckeye's Fiscal Year 2025-2026 service delivery programs. FUTURE ACTION: Adoption of Fiscal Year 2025-2026 Property Tax Levy on June 17, 2024. FINANCIAL IMPACT STATEMENT: The Final Budget estimate for Fiscal Year 2025-2026 is $819,669,500. CURRENT FISCAL YEAR TOTAL COST: $819,669,500 BUDGETED: Yes FISCAL YEAR: 2025-2026 FUND/DEPARTMENT: Various Items related to a project or facility location must include an attached vicinity map for Council Review. ATTACHMENTS: 2025-0523_-_Res._11-25__Adopting_Final_Budget_VS.docx Adoption_of_Final_Budget_June_3__2025.pptx 2026_City-Town_Official_Budget_Forms - Final Budget.pdf