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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />DECEMBER 15, 2020 <br />TITLE: <br />APPROVE THE BUDGET <br />CALENDAR FOR FISCAL <br />YEAR 2021-2022 <br />CLERK OF COUNCIL USE ONLY: <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1� Reading <br />❑ Ordinance on 2d Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />/s/ Kristine Ridge FILE NUMBER <br />CITY MANAGER <br />RECOMMENDED ACTION <br />Approve the Budget Calendar for Fiscal Year 2021-2022. <br />DISCUSSION <br />Under the direction and leadership of the City Manager, a Budget Calendar (Calendar) has been <br />developed by the Finance and Management Services Agency. The Calendar (Exhibit 1) is provided <br />for City Council consideration as a guiding document that provides for a successful and transparent <br />budget process. The proposed Calendar provides a framework of key tasks and dates for the City <br />Council, the community, and City staff as outlined below. <br />Financial Updates, Budget Discussions, and Process <br />City staff plans to present a Mid -Year (2nd Quarter) Budget Review to the City Council, which is <br />scheduled for February 16, 2021. The Mid -Year Budget Review will provide a financial update on <br />current General Fund revenue and expenditure trends, projected ending General Fund balance, <br />and other funding highlights, such as the Parking and Santa Ana Regional Transportation Center <br />(SARTC) funds. <br />Beginning in Mid -March, the Budget Team will begin conducting budget hearings with City <br />departments. These hearings will provide departments an opportunity to propose any <br />organizational changes, budget requests, and enhancements to existing programs. Community <br />Budget Meetings are planned for March 2021 to gather community input. A City Council Budget <br />Policy Discussion Meeting is planned for March 16, 2021 to provide direction and development of <br />the FY 2021-2022 Citywide Operating Budget and the Capital Improvement Program (CIP). The <br />discussion topics may include, but are not limited to, City Council priorities and strategies on <br />funding programs and services. <br />In May 2021, staff has planned for a 3rd Quarter General Fund update, including revenue and <br />expenditure trends, a Ten -Year General Fund Financial Outlook, and preliminary CIP update. This <br />will also provide an additional opportunity for further FY 2021-2022 Budget Discussion by the City <br />Council. <br />65C-1 <br />