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 FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM AND BUDGET RESPONSE REPORTS
a. Reconvene Public Hearing, take testimony; and
b. Continue Public Hearing to June 15, 2021; and
c. Receive and file Budget Response Reports.
end
EXECUTIVE SUMMARY
In accordance with the City Charter, on May 16, 2021, the Mayor and City Council received the Proposed Budget for FY 2021-2022 and the Proposed Five-Year Capital Improvement Program (CIP) for FY 2021-2026. At the City Council meeting of May 18, 2021, these documents were received and filed. On June 1, 2021, the Public Hearing on these documents (together with eight initial Budget Response Reports) was opened, conducted and continued to June 8, 2021. While the June 1st Public Hearing was dedicated to discussion on the Proposed Operating Budget, the June 8th Public Hearing will be focused on the City's Capital Improvement Program.
BACKGROUND
Tonight's meeting, with a focus on the Proposed Five-Year Capital Improvement Program (CIP), is a follow-up to (1) the May 18, 2021 presentation on the Proposed Budgets and (2) the June 1, 2021 Public Hearing also related to the Proposed Budgets. A copy of the Administrative Report from the June 1, 2021 Public Hearing is included for additional background information. Copies of the Proposed Budget documents are available online at www.redondo.org/budget including on the OpenGov financial transparency data portal.
The Proposed Fiscal Year 2021-2022 Budget is balanced in accordance with the City Council's adopted Financial Principles. If all Decision Packages are adopted as modifications to the core budget, the General Fund's unallocated balanced (annual revenues over expenditures) would be $869. To date, 20 Budget Response Reports (attached) have been prepared and submitted to t...
Click here for full text