AGENDA CAPTION:
Title
Receive a Staff presentation and hold discussion regarding the Fiscal Year 2020-2021 Financial Update and preliminary Fiscal Year 2021-2022 Budget, and provide direction to Staff.
Body
Meeting date: June 29, 2021
Department: Finance
Amount & Source of Funding
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Fiscal Note:
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City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
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? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
This is a City Council workshop to discuss and provide direction on the calculation and creation of the Fiscal Year 2022 budget and Fiscal Year 2021 Financial Update.
In this workshop, City Council will receive detailed information on revenue assumptions and
recommendations for the FY2022 budget. This may include discussions on potential options to balance the budget with considerations to the preliminary revenue projections.
The budget process begins in the spring with formation of the Budget Policy. A preliminary budget is presented for discussion with City Council during workshops held on May 18
and June 29. Changes made during the workshops are incorporated in the Proposed Budget that is filed with the City Clerk by mid-August.
A public hearing and further discussi...
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