65A - BUDGET CAL FY 19/20 - Laserfiche WebLink

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REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: DECEMBER 18, 2018 TITLE: APPROVE THE BUDGET CALENDAR FOR FISCAL YEAR 2019-2020 (STRATEGIC PLAN NO, 4, 1) RECOMMENDED ACTION Approve the Budget Calendar for Fiscal Year 2019-2020. CLERK OF COUNCIL USE ONLY: APPROVED ❑ As Recommended ❑ As Amended ❑ Ordinance on 1� Reading ❑ Ordinance on 2nd Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO FILE NUMBER Under the direction and leadership of the City Manager, a Budget Calendar ("Calendar") has been developed by the Finance & Management Services Agency -Budget Office. The Calendar is submitted for Council consideration in order to comply with the City's adopted Strategic Plan, Sunshine Ordinance and to serve as an informative and guiding tool to provide a successful and transparent budget process. The current Calendar provides a framework of tasks and key dates for the City Council, the community and City staff as outlined in the following key areas: Financial Updates and Projections On February 5th, 2019, City staff will present a FY 2018-19 Mid -Year Budget Review to the City Council. The intent is to provide a financial update on the current fiscal year and provide a preliminary year-end projection to guide planning and discussion in preparation for the development of the FY 2019-20 City Budget. On May 7th, 2019, staff will present a General Fund Trial Budget ("Trial Budget") and Capital Improvement Program ("CIP") for FY 2019-20. This will allow staff to present to the City Council a preliminary General Fund Budget as well as the CIP for review. Additionally, staff will present a 31 Quarter General Fund update and a General Fund Five -Year Forecast. Communication and Civic Engagement Internal communication and civic engagement is an imperative part of the budget process. As such, the Finance Department has held an initial internal meeting in December and will continue to meet with various departments throughout the budget process. The purpose of these meetings is to provide budget information that will enable departments to develop their operating budgets and to complete tasks related to the upcoming budget year. 65A-1