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RANCHO PALOS VERDES CITY COUNCIL MEETING DATE: 02/19/2019 <br />AGENDA REPORT AGENDA HEADING: Consent Calendar <br /> <br />AGENDA DESCRIPTION: <br /> <br />Consideration and possible action to receive and file FY 2019-20 Budget Development <br />Calendar. <br /> <br />RECOMMENDED COUNCIL ACTION: <br /> <br />(1) Receive and file FY 2019-20 Budget Development Calendar <br /> <br />FISCAL IMPACT: None <br /> <br />Amount Budgeted: N/A <br />Additional Appropriation: N/A <br />Account Number(s): None <br /> <br />ORIGINATED BY: Trang Nguyen, Deputy Director of Finance <br />REVIEWED BY: Deborah Cullen, Director of Finance <br />APPROVED BY: Doug Willmore, City Manager <br /> <br />ATTACHED SUPPORTING DOCUMENTS: <br /> <br />A. N/A <br /> <br /> <br />BACKGROUND AND DISCUSSION: <br /> <br />The table below is the FY 2019-20 Budget Development Calendar, which outlines the <br />steps involved, purpose and dates compared to FY 2018-19. The dates are designed to <br />meet the following Ordinances: <br /> <br /> 3.32.030 – Submission date and content <br />o On or before June 5th of each year, the City Manager shall submit a <br />budget for the coming fiscal year to the City Council. <br /> 3.32.080 – Public hearings <br />o Prior to the commencement of any fiscal year the budget is in effect, the <br />City Council shall hold a public hearing on the budget. <br /> 3.32.090 – Date of adoption <br />o The budget shall be adopted by the majority vote of the City Council. <br /> <br /> <br />1