To: MAYOR AND CITY COUNCIL
From: STEPHANIE MEYER, FINANCE DIRECTOR
TITLE
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DISCUSSION AND POSSIBLE ACTION REGARDING THE CITY MANAGER'S PROPOSED FISCAL YEAR 2025-2026 BUDGET AND FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM
RECEIVE AND FILE THE PROPOSED BUDGET AND FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM DOCUMENTS AND SET JUNE 3, 2025 AS THE DATE TO CONDUCT A PUBLIC HEARING ON THE FISCAL YEAR 2025-26 BUDGET AND 2025-2030 CAPITAL IMPROVEMENT PROGRAM
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EXECUTIVE SUMMARY
The City Charter requires that the annual budget be adopted by June 30 each year. Public Hearings for the proposed FY 2025-26 Budget and the 2025-30 Capital Improvement Program are scheduled to begin on June 3, 2025 and conclude with budget adoption on June 17, 2025.
BACKGROUND
As presented, the Fiscal Year 2025-2026 City Manager's Proposed Budget is balanced and was developed pursuant to the City Council's adopted financial principles. The 2025-2030 City Manager's Proposed Five-Year Capital Improvement Program identifies capital investment required to meet the City's General Plan and other policy goals and to ensure good stewardship of existing infrastructure.
Both documents will be available for viewing on the Charter-established date of May 16, 2025 on the City's website at https://www.redondo.org/budget. In addition to pdf versions of the Operating and Capital Improvement Program Budget documents, the City Council and members of the public can access a digital version of the budget book via the same link.
The table below shows the remaining budget schedule to meet the City Charter Budget Adoption deadline of June 30th.
Date
Meeting
Action
May 20, 2025
City Council
Receive and File FY 2025-2026 Proposed Budget & 2025-2030 CIP and Set Public Hearing Dates
June 3, 2025
City Council
Public Hearing - Operating Budget Discussion
June 10, 2025
City Council
Public Hearing - CIP Review and Discussion
June 12, 2025
Budget & Finance Commission
Commission Review of the FY 2025-2026 Propose...
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