For City Council Meeting [June 25, 2019]
TO: Honorable Mayor and City Council
APPROVAL: Rod Foster, City Administrator
FROM: Jessica Brown, Finance Director
Title
Request City Council to:
1. Conduct a Public Hearing on the City's 2019-20 Proposed Budget.
2. Adopt a Resolution to approve and adopt including:
a. Resolution No. 7540, RHA Resolution No. 004-19, and RUA Resolution No. 07-19 for the City's 2019-20 Proposed Budget and authorization for adjustments for final fund balance;
b. Resolution No. 7541 establishing the City's 2019-20 appropriations limit; and
c. Resolution No. 7542 establishing the City's General Fund committed fund balance of June 30, 2019.
3. Authorize capital expenditures in 2019-20 only for approved Capital Improvement Projects that are being carried forward from 2018-19 that are already in design or construction as detailed in Attachment A and suspend all new Capital Improvement Projects from commencing until the revised 2020-2024 Capital Improvement Plan is presented and approved by Council.
4. Adopt Resolution No.7543, RHA Resolution No. 005-19 and RUA Resolution No.08-19 to Continue the Fiscal Year 2018-19 Budget and Contracts.
POWERPOINT
(ACTION)
Body
BACKGROUND:
In accordance with Section 2.04.140 of the Rialto Municipal Code, the City Administrator must present the fiscal budget to the City Council for approval annually. Under the direction of the Finance Director, the Finance Department conducts the analysis and makes the projections required to complete the budget document after receiving input from all of the City departments. The process begins in March and requires the cooperation of staff organization-wide.
The Finance Director and Interim City Administrator met with the Budget Committee and presented draft budget projections.
ANALYSIS/DISCUSSION:
The 2019-20 Proposed Budget includes appropriations of $326.7 million which reflects an increase of $5.6 million. As presented, the Proposed Budget is cash balanced and...
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