On November 27, 1984, the City Council adopted Resolution No. 84-182, approving the concept of a two-year budget cycle for the City of Santa Barbara. Pursuant to this resolution, the City Council approves a two-year financial plan at the beginning of each two-year cycle; and consistent with City Charter requirements, the City Council adopts an operating and capital budget each year.
As such, the adopted two-year financial plan includes the operating and capital budget for the first year of the two-year plan. The operating and capital budget for the second year of the plan is adopted the following year, as part of the Mid-Cycle Budget Review, and is referred to as the mid-cycle budget.
On June 17, 2014, the City Council adopted the Mid-Cycle Annual Operating and Capital Budget for Fiscal Year 2015. The published budget document and the Council Budget Resolutions are available for viewing and printing below.
The Fiscal Year 2015 adopted budget is comprised of all City funds, including the General Fund, special revenue funds and enterprise funds. Each fund accounts for distinct and uniquely funded operations. The budget includes a total combined operating budget of $277.2 million and a combined capital budget totaling $33.9 million.