All proposed ordinances, resolutions or other actions to be approved by city council
shall be supported by a staff report, which includes the source of the request and
a fiscal note prepared by city staff. The fiscal note shall set forth the costs for
implementing the proposed action, the costs for continuing the action, and the cumulative
costs over time. The fiscal note shall identify the funding source for the action
and shall provide any other relevant information pertaining to the economics of the
proposed action. The fiscal note shall be informational only and shall not be binding
on council's decision to continue or eliminate a program.