To: BUDGET AND FINANCE COMMISSION
From: STEPHANIE MEYER, FINANCE DIRECTOR
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DISCUSSION AND POSSIBLE ACTION REGARDING THE FISCAL YEAR 2026-27 CITY MANAGER'S PROPOSED BUDGET AND 2027-2031 FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM.
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EXECUTIVE SUMMARY
Staff presented the FY 2026-27 Proposed Operating Budget and 2027-2031 Five-Year Capital Improvement Program to City Council along with the May 19, 2026 Council Agenda delivered May 14, 2026. This is consistent with the City Charter requirement to post an annual budget by May 16. Staff shared the same information with the Budget and Finance Commission the same evening by email. On May 19, 2026, staff presented the FY 2026-27 Proposed Budget and Five-Year CIP to City Council, responded to initial questions, and set a public hearing for the June 2, 2026 City Council Meeting. Council will discuss the Budget again on the following dates: June 2, 2026 (Operations focus); June 9, 2026 (Capital focus); and June 16, 2026 (final discussion and adoption). Council will also consider fee changes and the FY 2026-27 Appropriations Limit (GANN limit) on June 16.
BACKGROUND
City Council has received one presentation on the FY 2026-27 Proposed Operating Budget and 2027-2031 CIP. Staff also shared a preliminary list of Budget Response Reports (BRRs) to offer detailed information on significant budget issues that are of interest to the City Council and that the proposed budget document does not specifically address. There are currently 44 BRRs, which staff will complete and present to Council for the June meetings. The current Table of Contents is included as an attachment to the report; Council may continue to add BRRs throughout the budget process. When completed, reports will be available with the meeting agenda and at www.redondo.org/budget.
As presented, the FY 2026-27 City Manager's Proposed Budget is balanced and was developed consistent with City Council's adopted financial principles, balancing needs ...
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