CC SR 20200218 I - FY2020-21 Budget CalendarCITY COUNCIL MEETING DATE: 02/18/2020
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action to receive and file Fiscal Year 2020-21 Budget
Development Calendar
RECOMMENDED COUNCIL ACTION:
(1) Receive and file Fiscal Year 2020-21 Budget Development Calendar
FISCAL IMPACT: None
Amount Budgeted: N/A
Additional Appropriation: N/A
Account Number(s): N/A
ORIGINATED BY: Trang Nguyen, Deputy Director of Finance
REVIEWED BY: Angelina Garcia, Interim Director of Finance
APPROVED BY: Ara Mihranian, AICP, Interim City Manager
BACKGROUND AND DISCUSSION:
The table below describes the process, purpose and date for FY20-21 budget
development. The proposed dates are intended to meet the following Municipal Code
provisions:
3.32.030 – Submission date and content
o On or before June 5 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 FY20-21
Department
Request
Departments submit budget
requests and provide year-end
estimates
January -
February
Budget
Workshop
Mid-year review and year-end
estimates for FY 19-20, General
Fund only
Staff presents budget
assumptions for the General
Fund and projected ending fund
balance for FY 19-20
Status update on current CIP
projects and propose new CIP
projects
March 25
March 25
April 13
Preliminary
Budget
Present preliminary budget
based on Council direction for
General Fund, Capital Project
Fund, and all Special Revenue
Funds
May 19
Budget
Hearing
Present the preliminary budget of
all funds based on City Council
direction from the Budget
Workshop and Preliminary
Budget
Present a draft five-year forecast
model
June 2
Budget
Adoption
City Council adopts the budget
Receive and file 5-year forecast
model, investment policy and
GANN limit
June 16
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 FY20-21 Budget Development Calendar.
2