For City Council Meeting [July 28, 2020]
TO: Honorable City Council
APPROVAL: Rod Foster, City Manager
FROM: Stephen Erlandson, Deputy City Manager
Title
Request City Council to Set a Public Hearing for August 11, 2020 to Approve and Adopt the Budget Plan for Fiscal Year 2020-21.
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 Division conducts the analysis and makes the projections required to complete the budget document after receiving input from all of the City departments.
ANALYSIS/DISCUSSION
In accordance with Section 2.04.140 of the Rialto Municipal Code, staff will submit the budget plan for fiscal year 2020-21 for City Council consideration on August 11, 2020. The budget is a one-year financial plan, for which an appropriation is submitted concurrently with the budget document. The budget presentation consists of eight categories of funds as follows:
*?General Fund
*?Special Revenue Funds
*?Enterprise Funds
*?Internal Service Funds
*?Rialto Utility Authority
*?Rialto Housing Authority
*?Capital Projects Funds
*?Debt Service Funds
General Fund
This is the general operating fund of the City. All general tax receipts and fee revenue not allocated by law, Council policy, or contractual agreement to other funds, are accounted for in the General Fund. General Fund expenditures include operations traditionally associated with activities that are not required to be accounted for or paid by another fund.
Special Revenue Funds
The City's various special revenue funds include grant program funds and other funds that by law are required to be accounted for separately from general revenues.
Enterprise Funds
The City has four Enterprise funds: Airport Operations, Cemetery, Cemetery Endowment, and Utility Services.
Internal Service Funds
The City has six internal serv...
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