PREPARED BY: J. KELLY SESSIONS DATE OF MEETING: 06/19/17
SUBJECT:
TITLE
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN PABLO ADOPTING THE FY 2018-21 QUADRENNIAL OPERATING BUDGET AND THE FY 2018-21 CAPITAL IMPROVEMENT PROGRAM (CIP) PROJECTS BUDGET
Label
CITY MANAGER RECOMMENDATION
Recommendation
Adopt Resolution
BODY
COUNCIL PRIORITY WORKPLAN COMPLIANCE STATEMENT:
Budget Spending Controls (All), General Fund Reserves Protection-Fund Balance (City Council, City Manager), and Increase Financial Transparency (Finance) are adopted policy items under the FY 2015-17 Council Priority Workplan, effective October 1, 2016.
CEQA Compliance Statement
This is not a project as defined by CEQA pursuant to California Public Resources Code section 21080 and 14 California Code of Regulations section 15378(b).
BACKGROUND
City Manager Recommended FY 2018-21 Quadrennial Operating Budget
As required by Municipal Code Sections 3.04.240 and 3.04.250, the City Manager presented the Preliminary Draft FY 2018-21 Quadrennial Operating Budget and the FY 2018-21 CIP Budget to City Council at a duly-noticed Public Hearing on June 5, 2017. The Preliminary Draft Budgets were also presented to the Budget, Fiscal and Legislative Standing Committee on May 24, 2017 for their review.
The FY 2018-21 Quadrennial Budget
This budget represents the first time that the City has proposed a four-year budget. The budget cycle coincides with the four-year labor agreements that staff has been negotiating with labor groups to facilitate greater financial stability and long-term planning. The City follows conservative budgetary practices on both the revenue side and the expenditure side. With a few major exceptions, revenues are budgeted at projected values for Year 1, with no increase in Year 2; Years 3 and 4 increase by 1.0%. The most notable exception to this is Casino Business License, which is budgeted at a 3.0% annual increase. Labor budgets are budgeted at one step down from top step and...
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