CC SR 20260120 D - Budget Calendar FY2026-27
CITY COUNCIL MEETING DATE: 01/20/2026
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA TITLE:
Consider the Fiscal Year (FY) 2026-27 Budget Development Calendar.
RECOMMENDED COUNCIL ACTION:
(1) Review and approve the FY 2026-27 Budget Development Calendar.
FISCAL IMPACT: None
Amount Budgeted: N/A
Additional Appropriation: N/A
Account Number(s): None
ORIGINATED BY: James O’Neill, Senior Administrative Analyst JO
REVIEWED BY: Vina Ramos, Director of Finance VR
APPROVED BY: Ara Mihranian, AICP, City Manager
BACKGROUND:
In accordance with Chapter 3.32, Budget Administration, of the Rancho Palos Verdes
Municipal Code (RPVMC), Staff presents the proposed FY 2026-27 Budget Development
Calendar for City Council consideration. The proposed dates, outlined on the next page,
were developed to meet the requirements set forth in Chapter 3.32 of the RPVMC,
including:
• 3.32.030 Submission Date and Content
• On or before June 5 of each year, the City Manager shall submit a budget
for the coming fiscal year to the City Council.
• Shall contain a budget message, anticipated revenues, expenditures, status
of surplus, and authorized full-time equivalent positions for all functions.
• 3.32.080 Public Hearings
• 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
• The budget shall be adopted by a majority vote of the City Council.
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DISCUSSION:
Accordingly, Staff seeks the City Council approval of the proposed FY 2026-27 Budget
Development Calendar:
Type Purpose FY 2026-27
Department
Requests
• Departments submit FY 2026-27 budget
requests and provide FY 2025-26 year-end
estimates.
January – February
2026
City Council
Goals Workshop
• City Council reviews the progress of the current
FY 2025-26 Goals.
• City Council establishes the framework for the
FY 2026-27 Goals.
• City Council provides policy direction and
budget priorities for FY 2026-27.
February 23, 2026
(Monday at 6 p.m.)
Budget Workshop
(General Fund)
• City Council reviews the projected year-end
estimates for FY 2025-26.
• Staff presents budget assumptions based on
operational needs and City Council priorities
including recommendations from the Fiscal
Sustainability Council Subcommittee.
• Staff presents preliminary projections for the 10-
year financial model.
• Staff presents the projected ending fund
balance for FY 2026-27.
April 20, 2026
(Monday at 6 p.m.)
Budget Workshop
(CIP)
• Staff provides a status update on the current
Capital Improvement Program (CIP) projects.
• Staff presents proposed new CIP projects for
City Council consideration.
May 4, 2026
(Monday at 6 p.m.)
Other City
Council action
• City Council reviews the proposed Master Fee
Schedule for FY 2026-27.
• City Council reviews the proposed purchases
and service contracts exceeding $25,000 for FY
2026-27.
May 19, 2026
(Tuesday at 7 p.m.)
Preliminary
Budget
• Staff presents the preliminary budget based on
the City Council direction for the General Fund,
Capital Infrastructure Program Fund, Special
Revenue Funds, and Other Funds.
June 2, 2026
(Tuesday at 7 p.m.)
Budget Hearing
and Adoption
• City Council reviews the proposed GANN limit
for FY 2026-27.
• Staff presents the proposed budget for all funds
based on Council direction from the Budget
Workshops and Preliminary Budget.
• Staff presents the final 10-year financial model.
June 16, 2026
(Tuesday at 7 p.m.)
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• City Council conducts a public hearing and
considers adopting the FY 2026-27 Budget.
The location of each of the workshops will be determined at a later date with advanced
notice to the City Council and the public.
CONCLUSION:
Staff recommend reviewing and approving the proposed Budget Development Calendar.
The Calendar will allow the City to prepare a timely FY 2026-27 Budget before the end of
the current fiscal year and in accordance with all budget requirements in Chapter 3.32 of
the RPVMC.
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 2026-27 Budget Development Calendar.
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