File #: 20-0219    Name: Budget Policies and Guidelines FY21
Type: Resolution Status: Approved
In control: City Council Regular Meeting
On agenda: 3/3/2020 Final action: 3/3/2020
Title: Consider/Discuss/Act on a Resolution Adopting the Budget Policies and Guidelines for Fiscal Year 2020-21
Attachments: 1. Budget Guidlines FY21, 2. Resolution

Title

Consider/Discuss/Act on a Resolution Adopting the Budget Policies and Guidelines for Fiscal Year 2020-21

 

Summary

 

COUNCIL GOAL:                     Financially Sound Government

 

MEETING DATE:                     March 3, 2020

 

DEPARTMENT:                      Budget

 

CONTACT:                                            Mark Holloway, Chief Financial Officer

                                                               

 

RECOMMENDED CITY COUNCIL ACTION: Approve Resolution

 

ITEM SUMMARY:

  • The budget process for Fiscal Year 2020-21 has started. 
  • City Council Budget Policies and Guidelines are developed to address concerns and direct resources and efforts. This process is an important foundation for budget development.
  • The Budget Guidelines ensure that the budget is prepared in a manner consistent with adopted Financial Policies.
  • The City desires to compile a budget that addresses City Councils’ concerns.  Staff is requesting direction on how the Council prefers to provide budget input.
  • The Budget Guidelines are updated annually to reflect any changes of the Council’s goals and objectives.

 

FINANCIAL SUMMARY:                      None