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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />DECEMBER 19, 2017 <br />TITLE: <br />APPROVE THE BUDGET CALENDAR <br />FOR FISCAL YEAR 2018-2019 <br />(STRATEGIC PLAN NO. 4, 1) <br />CIV MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 16' Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Approve the Budget Calendar for Fiscal Year (FY) 2018-2019. <br />Under the direction and leadership of the City Manager along with the Budget Principles, a Budget <br />Calendar (Calendar) has been developed by the Finance & Management Services Agency. This <br />is the fourth consecutive year that the Calendar is being presented to City Council. The Calendar <br />is submitted for Council consideration in the spirit of complying with both the City's adopted <br />Strategic Plan and Sunshine Ordinance and serves as an informative and guiding tool to provide <br />a successful and transparent City budget process. The current Calendar provides a framework of <br />tasks and key dates for the City Council, general public and city staff as outlined in the following <br />key areas: <br />Financial Updates and Projections <br />In March 2018, city staff will present a FY 17-18 Mid -Year Budget Review to the Economic <br />Development, Infrastructure, Budget and Technology (EDIBT) Committee and the City Council. <br />The purpose of these presentations is to provide a financial update on the current fiscal year and <br />provide a preliminary year-end projection to guide planning and discussion in preparation of the <br />FY 18-19 City Budget. <br />In May 2018, City staff will present a General Fund Trial Budget (Trial Budget) and Capital <br />Improvement Program (CIP) for FY 18-19. The purpose of the Trial Budget and CIP is to provide <br />the City Council a first glance look at the upcoming Budget. Additionally, staff will present a 3rd <br />Quarter General Fund update, a General Fund One Year Forecast and Four Year Projections. <br />Communication and Civic Enaaaement <br />Communication is an imperative part of the budget process. In the months of October and <br />November, the Budget office held two meetings with departmental budget liaisons which focused <br />on review of the prior year's budget process and also provided some preliminary budget information <br />and tasks related to the upcoming budget year. <br />6513-1 <br />