For City Council Meeting [July 27, 2021]
TO: Honorable City Council
APPROVAL: Marcus Fuller, City Manager
FROM: Bob Chandler, Interim Finance Director
Title
Request City Council to:
1. Conduct a Public Hearing on the City's Fiscal Year 2021-2022 Proposed Annual Budget.
2. Approve and Adopt the following Resolutions:
a. Resolution No. 7753, RHA Resolution No. 002-21, RUA Resolution No. 06-21 and Rialto Redevelopment Successor Agency Resolution No. 02-21 for the City's Fiscal Year 2021-2022 Annual Budget;
b. Resolution No. 7754 Adopting the Fiscal Year 2021-2022 Appropriations Limit (Gann Limit);
c. Resolution No.7755 Adopting the Fiscal Year 2021-2022 Citywide Classification and Compensation Plan;
d. Resolution No. 7763 Amending the 2021-2025 Capital Improvement Program;
3. Receive and File the June 2021 General Fund Five-Year Forecast for fiscal years 2021-22 through 2025-2026.
(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 Deputy City Manager and the Interim Finance Director, staff conducted the analysis and made the projections required to complete the budget document after receiving input from all departments. Due to the timing of the commencement of Marcus Fuller's official duties as the City's new City Manager, the completion of the budget process was delayed, and on June 22, 2021, the City Council adopted Resolution No. 7737, RHA Resolution No. 001-21, RUA Resolution No. 05-21 and Successor Agency Resolution No. 01-21, continuing the Budget and Contracts from Fiscal Year 2020-2021 through August 29, 2021.
On July 13, 2021 the City Manager presented the draft Fiscal Year 2021-2022 Budget, (the "FY 21-22 Budget") for City Council review and comment. At that time, proposed FY 21-22 General Fund revenue was $103.2 million with corresponding General Fund expenditures of $103.2 million for a s...
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