TO: BUDGET AND FINANCE COMMISSION
FROM: MARNI RUHLAND, FINANCE DIRECTOR
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DISCUSSION AND POSSIBLE ACTION REGARDING 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.
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RECOMMENDATION
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 and provide input as appropriate.
BACKGROUND
The City's Mission Statement is as follows: "The City of Redondo Beach is committed to providing the finest services to enhance the quality of life for those who live, work, visit and play in our community."
The Proposed Budget describes how the City carries out its mission within a work program for the coming year and the associated resources required for achieving the City Council's goals. It is designed to be consistent with the City Council's Strategic Plan as well as the City's adopted Financial Principles. The budget emphasizes core services that are basic to the City's mission.
The City Manager's budget message describes the projected financial outlook for the upcoming fiscal year, the budget development process, and a summary of the budget's proposed revenues and expenditures. Decision packages are recommended as additions or reductions to the base budget that are not contractually obligated or the result of annual personnel allocation updates. The departmental sections discuss core service activities, key projects and assignments, and customer service and referral work measures. Financial Summary (mini-financial) reports spotlight important business units. The Capital Improvement Program (CIP) identifies capital investment required to meet our general plan and other policy goals and to ensure good stewardship of our existing infrastructure. The CIP identifies the projects, their estimated costs, ...
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