To: MAYOR AND CITY COUNCIL
From: MARNI RUHLAND, FINANCE DIRECTOR
TITLE
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DISCUSSION AND POSSIBLE ACTION REGARDING THE FISCAL YEAR 2021-2022 CITY MANAGER'S PROPOSED BUDGET AND FISCAL YEAR 2021-2026 CITY MANAGER'S PROPOSED FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM
RECEIVE AND FILE THE FISCAL YEAR 2021-2022 CITY MANAGER'S PROPOSED BUDGET, THE FISCAL YEAR 2021-2026 CITY MANAGER'S PROPOSED FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM, AND BUDGET RESPONSE REPORTS
SET JUNE 1, 2021 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, 2021. Public Hearings for the budget and the five-year capital improvement program are scheduled to begin June 1, 2021, and budget adoption is tentatively scheduled for June 15, 2021.
BACKGROUND
As presented, the Fiscal Year 2021-2022 City Manager's Proposed Budget is a balanced budget and was developed pursuant to the City Council's adopted financial principles. The Fiscal Year 2021-2026 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 be found on the City's website at City of Redondo Beach - Budget and Capital Improvement Program.
To meet the June 30 deadline set by City Charter and consistent with the 2021 budget calendar approved by the City Council in January (attached), the approved timeline for annual budget adoption and the five-year capital improvement program approval is:
Date
Meeting
Action
May 18
City Council
Receive and File Proposed Budget and 5-Year CIP
May 18
City Council
Set June 1, 2021 as the Public Hearing Date
May 20
Planning Commission
Review CIP for General Plan Consistency
May 27
Budget/Finance Commission
Review Proposed Budget and 5-Year CIP
June 1
City Council
Public Hearing - Proposed Budget and 5-Year CIP
June 8
City Council
Cont...
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