HomeMy WebLinkAbout4.6 - 1289 FY 2017-18 Budget Calender
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STAFF REPORT
CITY COUNCIL
DATE: January 10, 2017
TO: Honorable Mayor and City Councilmembers
FROM:
Christopher L. Foss, City Manager
SUBJECT:
Approval of Calendar for Development of Fiscal Year 2017 -18 Budget
Update
Prepared by: Lisa Hisatomi, Ass't Admin Services Director/Budget
EXECUTIVE SUMMARY:
The City Council will consider approval of a calendar of key dates to guide the
development of the City’s Fiscal Year 2017-18 Budget Update.
STAFF RECOMMENDATION:
Approve the budget calendar to guide the development of the City’s FY 2017-18 Budget
Update.
FINANCIAL IMPACT:
Approval of the budget calendar does not result in any direct fiscal impact.
DESCRIPTION:
The City Council is required to adopt an annual budget and accompanying doc uments
before the July 1 start of the new fiscal year. As Fiscal Year 2017-18 is the second year
of a two-year budget cycle, the budget document will supplement the original Fiscal
Year 2016-17 and Fiscal Year 2017-18 Budget, which was adopted by the City Council
on June 7, 2016.
There are several key dates leading to the budget adoption that require input from the
City Council. With that in mind, Staff proposes the following schedule:
Budget Study Session - April 4, 2017
Staff will provide the City Council with an overview of, and seek the City Council’s
direction in preparing the preliminary Fiscal Year 2017-18 Budget Update and an
update of the City’s 10-Year General Fund forecast.
Budget Adoption - May 16, 2017
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NOTICING REQUIREMENTS/PUBLIC OUTREACH:
None.
ATTACHMENTS:
None.