To: MAYOR AND CITY COUNCIL
From: MARNI RUHLAND, FINANCE DIRECTOR
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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.
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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 <http://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 the City Council.
COORDINATION
All City departments participated in the preparation of the Fiscal Year 2021-2022 City Manager’s Proposed Budget and the Fiscal Year 2021-2026 City Manager’s Proposed Five-Year Capital Improvement Program. The Budget and Finance Commission reviewed the Proposed Budgets at its meeting on May 27, 2021 and will continue its review at its meeting on June 10, 2021. The Harbor Commission reviewed the Proposed Budgets at its meeting on June 2, 2021. Commission feedback will be provided in a Budget Response Report.
FISCAL IMPACT
The adopted version of the Fiscal year 2021-2022 Budget will create the financial guideline for all City operations. The Fiscal Year 2021-2026 Five-Year Capital Improvement Program is a planning document only. Funding for capital projects in the first year of the plan will be approved as part of the FY 2021-2022 Budget.
APPROVED BY:
Joe Hoefgen, City Manager
ATTACHMENTS
June 1, 2021 Administrative Report
Fiscal Year 2021-2022 Budget Response Reports