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AGENDA ITEM REVIEW FORM |
6.A.
Regular City Council Meeting
- Meeting Date:
- 06/08/2022
- Department Head:
- Monica Castro
- Submitted By:
- Roula Encinas, Accountant, Finance Department
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding the acceptance and approval of the Tentative Budget for Fiscal Year 2022-2023. (Monica Castro, Director of Finance)
SUMMARY:
Pursuant to state statute, the City Council is required to adopt a tentative budget to set the maximum ceiling for expenditures. Prior to the final adoption of the Fiscal Year 2022-2023 budget, City Council may reallocate expenditures and revenues among departments differently than set forth in the tentative budget and may decrease expenditures as well.
The budget preparation workshops were held during the Council work session on April 27, 2022, to review Capital Project & Personnel for FY2023. On May 4, 2022, to review Council Contracts, Contributions, Sponsorship, and Dues. On May 14, 2022, was held the Budget Retreat. The administrative staff has compiled the data from the work sessions for expected revenues and expenditures/expenses for the Fiscal Year 2022-2023. The tentative budget is now submitted for City Council’s acceptance.
The budget preparation workshops were held during the Council work session on April 27, 2022, to review Capital Project & Personnel for FY2023. On May 4, 2022, to review Council Contracts, Contributions, Sponsorship, and Dues. On May 14, 2022, was held the Budget Retreat. The administrative staff has compiled the data from the work sessions for expected revenues and expenditures/expenses for the Fiscal Year 2022-2023. The tentative budget is now submitted for City Council’s acceptance.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE TENTATIVE BUDGET FOR THE FISCAL YEAR 2022-2023 AS PRESENTED.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- N/A
- CITY/STATE/FEDERAL FUNDS:
- N/A
- TOTAL:
- N/A
- BUDGETED AMOUNT:
- N/A
- AVAILABLE AMOUNT TO TRANSFER:
- N/A
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- N/A
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
There is no fiscal impact associated with this item.