CC SR 20220118 I - Budget Development Calendar
CITY COUNCIL MEETING DATE: 01/18/2022
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consideration and possible action to review and approve the Fiscal Year 2022-23 Budget
Development Calendar.
RECOMMENDED COUNCIL ACTION:
(1) Review and approve the FY 2022-23 Budget Development Calendar.
FISCAL IMPACT: None
Amount Budgeted: N/A
Additional Appropriation: N/A
Account Number(s): None
ORIGINATED BY: Vina Ramos, Deputy Director of Finance
REVIEWED BY: Trang Nguyen, Director of Finance
APPROVED BY: Ara Mihranian, AICP, City Manager
ATTACHMENTS:
None
BACKGROUND AND DISCUSSION:
Pursuant to Chapter 3.32, Budget Administration, of the Rancho Palos Verdes Municipal
Code (RPVMC), Staff presents to the City Council for its consideration the Budget
Development Calendar for FY 2022-23. The proposed dates were developed to meet the
following requirements described in Chapter 3.32 of the RPVMC:
➢ 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.
o Shall contain budget message, anticipated revenues, expenditures, status
of surplus, authorized full-time equivalent positions for all functions.
➢ 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.
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➢ 3.32.090 Date of adoption
o The budget shall be adopted by the majority vote of the City Council.
The table below summarizes the type, purpose, and dates for the FY 2022-23 Budget
Development Calendar.
Budget Development Calendar FY 2022-23
Type Purpose FY 2022-23
Department
Requests
Departments submit budget requests
and provide year-end estimates
January - February
City Council
Goals Workshop
City Council reviews the progress of the
current FY 2021-22 Goals, sets the
framework for the FY 2022-23 Goals,
and directs Staff on the priorities for the
upcoming budget.
March 9, 2022
(Wednesday @ 6:00
p.m.)
Budget Workshop
(General Fund)
• Mid-year review and year-end
estimates for FY 2021-22, General
Fund only
• Staff presents budget assumptions
for the General Fund and projected
ending fund balance for FY 2021-22
March 23, 2022
(Wednesday @ 6:00
p.m.)
Budget Workshop
(CIP)
Status update on current CIP projects
and propose new CIP projects
April 13, 2022
(Wednesday @ 6:00
p.m.)
Preliminary
Budget
Present preliminary budget based on
Council direction for General Fund,
Capital Project Funds, and all Special
Revenue Funds
May 17, 2022
Budget Hearing • Present the preliminary budget of all
funds based on Council direction
from the Budget Workshop and
Preliminary Budget
• Present the 10-year forecast model
June 7, 2022
Budget Adoption • Council adopts the budget
• Receive and file the investment
policy, GANN limit, and over
$25,000 purchases and services for
FY 2022-23
June 21, 2022
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The budget workshops (City Council Goals, General Plan, and CIP) will occur on
Wednesdays at 6:00. The location of each of the workshops will be determined at a later
date with advanced notice to the City Council and the public.
ALTERNATIVES:
In addition to the Staff recommendation, the following alternative action is available for
the City Council’s consideration:
1. Direct Staff to revise the FY 2022-23 Budget Development Calendar.
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