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AGENDA ITEM REVIEW FORM |
6.F.
Regular City Council Meeting
- Meeting Date:
- 06/10/2020
- Department Head:
- Monica Castro
- Submitted By:
- Carlos Cortes, Assistant Director of Finance, 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 2020 - 2021. (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 2020 - 2021 budget, City Council may reallocate expenditures and revenues among departments differently than set forth in the tentative budget and may decrease expenditures as well.
A budget preparation workshop was held on April 17 - 18, 2020. Administrative staff has compiled the data from the work session for expected revenues and expenditures/expenses for Fiscal Year 2020 - 2021. The tentative budget is now submitted for City Council’s acceptance.
A budget preparation workshop was held on April 17 - 18, 2020. Administrative staff has compiled the data from the work session for expected revenues and expenditures/expenses for Fiscal Year 2020 - 2021. The tentative budget is now submitted for City Council’s acceptance.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE TENTATIVE BUDGET FOR FISCAL YEAR 2020 - 2021 AS PRESENTED.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- YES
- CITY/STATE/FEDERAL FUNDS:
- CITY/STATE/FEDERAL
- TOTAL:
- TBD
- BUDGETED AMOUNT:
- TBD
- 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):
TBD