To: MAYOR AND CITY COUNCIL
From: JOE HOEFGEN, CITY MANAGER
TITLE
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DISCUSSION AND POSSIBLE ACTION REGARDING THE FISCAL YEAR 2020-2021 CITY MANAGER'S PROPOSED BUDGET AND FISCAL YEAR 2020-2025 CITY MANAGER'S PROPOSED FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM
RECEIVE AND FILE THE FISCAL YEAR 2020-2021 CITY MANAGER'S PROPOSED BUDGET AND THE FISCAL YEAR 2020-2025 CITY MANAGER'S PROPOSED FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM
SET MAY 26, 2020 AS THE DATE TO CONDUCT A PUBLIC HEARING ON THE BUDGET
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EXECUTIVE SUMMARY
The City Charter requires that the annual budget be adopted by June 30, 2020. Public Hearings for the budget and the five-year capital improvement program are scheduled to begin May 26, 2020, and budget adoption is tentatively scheduled for June 16, 2020.
BACKGROUND
As presented, the Fiscal Year 2020-2021 City Manager's Proposed Budget is a balanced budget and was developed pursuant to the City Council's adopted financial principles. The Fiscal Year 2020-2025 City Manager's Proposed Five-Year Capital Improvement Program identifies capital investment required to meet our general plan and other policy goals and to ensure good stewardship of our existing infrastructure. The documents can on the City's website at Budget and Capital Improvement Program.
To meet the June 30 deadline set by City Charter, the approved timeline for annual budget adoption and the five-year capital improvement program approval is:
Date
Meeting
Action
May 19
City Council
Receive and File Proposed Budget and 5-Year CIP
May 19
City Council
Set May 26, 2020 as the Public Hearing Date
May 26
City Council
Public Hearing - Budget Workshop
May 28
Budget/Finance Commission
Review Proposed Budget and 5-Year CIP
June 2
City Council
Continued Public Hearing
June 8
Harbor Commission
Review Proposed Budget and 5-Year CIP
June 9
City Council
Continued Public Hearing - CIP Workshop
June 11
Budget/Finance Commission
Review Proposed Budget and 5-Year CIP
June 16
City Council
Contin...
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