To: MAYOR AND CITY COUNCIL
From: JENNIFER PAUL, FINANCE DIRECTOR
TITLE
title
CONTINUED PUBLIC HEARING TO CONSIDER THE FISCAL YEAR 2022-23 PROPOSED BUDGET, FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM, AND ASSOCIATED BUDGET RESPONSE REPORTS
ADOPT BY TITLE ONLY RESOLUTION NO. CC-2206-041, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDONDO BEACH, CALIFORNIA, ADOPTING AN ANNUAL BUDGET FOR FISCAL YEAR 2022-23
a. Reconvene the Public Hearing, take testimony;
b. Close the Public Hearing; and
c. Receive and file Budget Response Reports; and
d. Adopt by title only Resolution No. CC-2206-041, including Budget Response Report No. 1.
end
EXECUTIVE SUMMARY
On May 16, 2022, in accordance with the City Charter, the Mayor and City Council received the Proposed Budget for FY 2022-23 and the Proposed Five-Year Capital Improvement Program (CIP). On May 17, 2022, the first Public Hearing on the documents was conducted and continued to June 7, 2022, then to June 14, 2022 and again to June 21, 2022. The May 17th Public Hearing provided an introduction and summary of the proposed budget. The June 7th Budget Hearing focused on department operations. The June 14th Budget Hearing focused on proposed capital projects. The June 21st Hearing will be focused on the Council's consideration of budget adoption.
The City Charter requires the annual budget be adopted by June 30, 2022. A resolution for City Council adoption of the FY 2022-23 Budget (which includes annual appropriations for operations and capital) is attached for City Council consideration of approval. It is also recommended that the City Council approve Budget Response Report #1 as part of the final budget motion, to incorporate the corrections in the proposed document included in the "updated" budget link on the City's website.
BACKGROUND
The Proposed Fiscal Year 2022-23 Budget is balanced in accordance with the City Council's adopted Financial Principles. If all recommended Decision Packages are adopted ...
Click here for full text