On Monday, June 20, 2016, the
City Council adopted the City’s Annual Budget for Fiscal Year 2016-2017. Below
are highlights from my Budget Message for Fiscal Year 2016-2017:
On behalf of the entire Executive Management Team and the employees of
the City of Foster City, it is my pleasure to submit a balanced Annual Budget
for Fiscal Year 2016-2017 (Budget) and the Five-Year Financial Plan.
The Budget and Five-Year Financial Plan reflect vision, innovation,
regional partnerships, and dedicated employees which are the foundation of the
City’s endeavors to ensure and deliver on a successful future for the
community. This outlook is the result of our City Council’s continued focus on
enhancing long-term strength and sustainability for the community...
As we prepare to embark on excellent service delivery for the citizens
of Foster City in Fiscal Year 2016-2017, the City will continue to monitor and
evaluate revenues and expenditures to ensure we maintain our targets as
established and approved by the City Council. We will continue providing
Quarterly Reports to the City Council on the performance of all City Funds.
These reports will be delivered to keep you apprised and up to date on revenues
and expenditures as approved in the Budget. In adopting the Annual Budget, the
City Council will approve one of the most important policy documents considered
by the City Council each year...
The City of Foster City/Estero Municipal Improvement District have been
well managed and are in sound financial condition. I want to take the
opportunity to thank all of our City employees for their active participation
in, and valuable contributions to, the development of the Budget. As a City
team focused on providing exceptional services to the community, our employees
remain the City’s most critical resource. I believe the Budget will provide us
the resources necessary to maintain vital City services and move forward with a
strategy to ensure a positive sustainable future for the community of Foster
City. I continue to be confident that the City Council’s vision will ensure an
outstanding quality of life for the residents of this great city.
A copy of the Annual Budget for Fiscal Year 2016-2017 can be found here.
A copy of the Annual Budget for Fiscal Year 2016-2017 can be found here.
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