For City Council Meeting [July 13, 2021]
TO: Honorable Mayor and City Council
APPROVAL: Marcus Fuller, City Manager
FROM: Bob Chandler, Interim Finance Director
Title
Request City Council to 1) Review and Discuss the Draft Fiscal Year 2021-2022 Budget; and 2) Set a Public Hearing for July 27, 2021 to Consider the Approval and Adoption of the Fiscal Year 2021-2022 Budget.
(ACTION)
Body
BACKGROUND
In accordance with Section 2.04.140 of the Rialto Municipal Code, the City Manager is required to present the fiscal budget to the City Council for approval annually. Under the direction of the Deputy City Manager and Finance Director, budget planning process begins in March. The Finance Department conducts fiscal analysis and prepares revenue and expenditure projections required to complete the budget document after receiving input from all City departments.
The Finance Department has prepared the Draft Fiscal Year 2021-2022 Budget ("FY 21-22 Budget") based upon submissions from all City Departments and the direction of the City Manager. The Draft FY 21-22 Budget has been reviewed with each Department and represents a structurally balanced budget. The Draft FY 21-22 Budget is submitted at this time for review by the City Council to provide an opportunity for Staff to consider all comments from the City Council and the public in preparing the Final FY 21-22 Budget for adoption. Once adopted, the FY 21-22 Budget is a living document that is often amended throughout the year as additional revenues or expenditures are considered and approved by City Council for various programs or projects.
ANALYSIS/DISCUSSION
In accordance with Section 2.04.140 of the Rialto Municipal Code, Staff hereby submits the Draft FY 21-22 Budget for City Council review.
The Draft FY 21-22 Budget consists of nine categories of Funds identified as follows:
* General Fund
* Special Revenue Funds
* Enterprise Funds
* Internal Service Funds
* Rialto Utility Authority
* Rialto Housing Autho...
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