For City Council Meeting June 25, 2024
TO: Honorable Mayor and City Council
APPROVAL: G. Michael Milhiser, Interim City Manager
FROM: Mark Alvarado, Interim Director of Finance
Title
Request City Council to:
1) Conduct a Public Hearing on the City's Fiscal Year 2024-25 Proposed Annual Budget.
2) Approve and Adopt the following Resolutions:
a. Resolution No. 8251, RHA Resolution No. 08-24, RUA Resolution No. 08-36 and Rialto Redevelopment Successor Agency Resolution No. 01-24 for the City's Fiscal Year 2024-25 Annual Budget;
b. Resolution No. 8252 Adopting the Fiscal Year 2024-25 Appropriations Limit (Gann Limit);
c. Resolution No. 8253 Adopting the Fiscal Year 2024-25 Citywide Classification and Compensation Plan
(ACTION)
Body
BACKGROUND
In accordance with Section 2.04.140 of the Rialto Municipal Code, the City Manager must present the fiscal budget to the City Council for approval annually. Under the direction of the Finance Director, the Finance Department conducted the analysis and made the projections required to complete the budget document after receiving input from all of the City departments. The process began in March and required the cooperation of staff organization wide.
On June 11, 2024, the City Council conducted a Budget Workshop to discuss the Budget Plan for Fiscal Year 2024-25. Every Department Head presented detailed information on their department's budget for FY2024-25 and answered the City Council's questions. At this meeting, the Council requested additional information as follow-up relating to certain areas in the General Fund budget. The responses to these requests are included as part of the proposed budget document included with this staff report.
Based on the direction received from the City Council, a proposed FY 2024-25 Budget document is presented for the City Council's adoption.
ANALYSIS/DISCUSSION
Staff is presenting the proposed FY2024-25 Budget. The City's budget is balanced with a General Fund that has a surplus...
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