To: BUDGET AND FINANCE COMMISSION
From: WENDY COLLAZO, FINANCE DIRECTOR
TITLE
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DISCUSSION AND POSSIBLE ACTION REGARDING THE FISCAL YEAR 2023-2024 PROPOSED BUDGET AND THE FISCAL YEAR 2023-2028 PROPOSED FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM.
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EXECUTIVE SUMMARY
The City Charter requires the City Manager to submit a proposed Budget for the ensuing Fiscal Year by May 16 and the City Council to adopt the Budget by June 30 each year. Public Hearings to consider the Budget and Five-Year Capital Improvement Program have been noticed for May 16 (introduction), June 6 (discussion), June 13 (discussion) and June 20, 2023 (adoption).
BACKGROUND
The Budget documents will be published on May 16 on the City's website at City of Redondo Beach - Budget and Capital Improvement Program. https://www.redondo.org/budget. A hard copy of the Budget is available for review at the City Clerk's office counter upon request. The Fiscal Year 2023-24 Budget Calendar is as follows:
Date Meeting Action
May 16, 2023 City Council Public Hearing - Proposed Budget
& Capital Improvement Program
(CIP) Introduction
May 30, 2023 Community Community Budget Workshop - Budget & CIP
Discussion
June 6, 2023 City Council Public Hearing - Operating Budget Discussion
June 8, 2023 Budget & Finance Review Proposed Budget
Commission
June 13, 2023 City Council Public Hearing - Capital Improvement Program
Discussion
June 20, 2023 City Council Public Hearing - Operating Budget & CIP
Adoption
COORDINATION
All City Departments participated in the preparation of the Fiscal Year 2023-24 City Manager's Proposed Budget and the Fiscal Year 2023-28 City Manager's proposed Five-Year Capital Improvement ...
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