TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Steve S. Charelian, Finance Director
Henry Mitzner, Controller
Libby Bretthauer, Senior Financial Analyst
SUBJECT:Title
Public Hearing to Consider Adoption of the Fiscal Year 2019-2020 Operating Budget and Gann Appropriation Limit for Fiscal Year 2019-2020 (Finance Director Charelian).
a) CONDUCT PUBLIC HEARING
b) ADOPT RESOLUTION NOS. 19-0049 AND 19-0050
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council: a) conduct a Public Hearing; b) adopt Resolution No. 19-0049 adopting the Fiscal Year 2019-2020 Operating Budget and authorizing the City Manager to take certain personnel-related actions; and c) adopt Resolution No. 19-0050 establishing the Appropriation Limit for Fiscal Year 2019-2020.
Resolution No. 19-0049 includes authorization for the City Manager to make salary grade changes to the positions of Crime Analyst and Purchasing Clerk.
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FISCAL IMPLICATIONS:
This budget addendum includes changes to the second year of the biennial spending plan covering fiscal years 2018-2019 ("FY 2019") and 2019-2020 ("FY 2020"). With the passage of Resolution No. 18-0084 on June 19, 2018, the City Council adopted the FY 2019 Budget (for the fiscal year beginning July 1, 2018, through June 30, 2019) and approved the FY 2020 Budget. With the passage of Resolution No. 19-0049, the FY 2020 Budget will be adopted, as modified, for the fiscal year commencing on July 1, 2019.
The FY 2020 budget includes revenues of $128,930,652 and expenditures totaling $128,589,749 across all funds. The General Fund is balanced with revenues of $76,085,386 and expenditures of $75,024,437 resulting in a projected surplus of $1,060,949. Year-end surpluses add to unreserved fund balance unless allocated by the City Council for expenditure.
The total FY 2019 year-end General Fund balance is estimated to be $24....
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