CC SR 20190219 K - FY2019-20 Budget CalendarRANCHO PALOS VERDES CITY COUNCIL MEETING DATE: 02/19/2019
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action to receive and file FY 2019-20 Budget Development
Calendar.
RECOMMENDED COUNCIL ACTION:
(1) Receive and file FY 2019-20 Budget Development Calendar
FISCAL IMPACT: None
Amount Budgeted: N/A
Additional Appropriation: N/A
Account Number(s): None
ORIGINATED BY: Trang Nguyen, Deputy Director of Finance
REVIEWED BY: Deborah Cullen, Director of Finance
APPROVED BY: Doug Willmore, City Manager
ATTACHED SUPPORTING DOCUMENTS:
A. N/A
BACKGROUND AND DISCUSSION:
The table below is the FY 2019-20 Budget Development Calendar, which outlines the
steps involved, purpose and dates compared to FY 2018-19. The dates are designed to
meet the following Ordinances:
3.32.030 – Submission date and content
o On or before June 5th of each year, the City Manager shall submit a
budget for the coming fiscal year to the City Council.
3.32.080 – Public hearings
o Prior to the commencement of any fiscal year the budget is in effect, the
City Council shall hold a public hearing on the budget.
3.32.090 – Date of adoption
o The budget shall be adopted by the majority vote of the City Council.
1
Type Purpose FY 18-19 FY 19-20
Department
Request
Departments submit budget
requests and provide year-end
estimates
February –
March
January –
February
Budget
Workshop
Update on Fund Balance for FY
2018-19, General Fund only
Staff presents budget
assumptions for General Fund
and projected fund balance for
FY 2019-20
Status update on current CIP
Projects
April 12th
April 28th
March 13th
April 10th
Preliminary
Budget
Present preliminary budget
based on Council directions for
General Fund, Capital Project
Fund, and all Special Revenue
Funds
May 15th May 21st
Budget
Hearing
Present the preliminary budget of
all funds based on Council
directions from the Budget
Workshop and Preliminary
Budget
Present a draft 5-year model
June 5th June 4th
Budget
Adoption
Council adoption of the budget
Receive and file 5-year model,
investment policies and GANN
limit
June 19th June 18th
ALTERNATIVES:
In addition to the Staff recommendation, the following alternative active is available for
the City Council’s consideration:
1. Direct Staff to revise the FY 2019-20 Budget Development Calendar.
2