To: MAYOR AND CITY COUNCIL
From: MARNI RUHLAND, FINANCE DIRECTOR
TITLE
title
CONTINUED PUBLIC HEARING TO CONSIDER FISCAL YEAR 2021-2022 CITY MANAGER'S PROPOSED BUDGET, FISCAL YEAR 2021-2026 CITY MANAGER'S PROPOSED FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM AND BUDGET RESPONSE REPORTS
ADOPT BY TITLE ONLY RESOLUTION NO. CC-2106-064, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDONDO BEACH, CALIFORNIA, ADOPTING AN ANNUAL BUDGET FOR FISCAL YEAR 2021-2022
PROCEDURES:
a. Reconvene Public Hearing, take testimony; and
b. Close Public Hearing; and
c. Receive and file Budget Response Reports; and
d. Adopt by title only Resolution No. CC-2106-064
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EXECUTIVE SUMMARY
In accordance with the City Charter, on May 16, 2021, the Mayor and City Council received the Proposed Budget for Fiscal Year 2021-2022 and the Proposed Five-Year Capital Improvement Program (CIP) for Fiscal Year 2021-2026. On May 18, 2021, an overview of the Proposed Operating and Capital Budget Budgets was presented, and the Public Hearing on these documents was held on June 1 and 8, 2021.
The City Charter requires that the annual budget be adopted by June 30, 2021. A resolution for City Council adoption of the Fiscal Year 2021-2022 Operating and CIP Budgets is attached for City Council consideration.
BACKGROUND
Tonight's meeting is a follow-up to the May 18, 2021 presentation of the Proposed Budgets and the June 1 and 8, 2021 Public Hearing also related to the Proposed Budgets. A copy of the Administrative Report from the June 1, 2021 City Council meeting is included for additional background information. Copies of the Proposed Budget documents are attached and are available online at www.redondo.org/budget, including on the OpenGov financial transparency data portal.
As has been well documented, the City's local economy has been significantly impacted by the COVID-19 public health crisis. It is evident that FY 2021-2022 is the beginning of the road to recovery with revenues anticipat...
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