PREPARED BY: J. KELLY SESSIONS DATE OF MEETING: 06/01/20
SUBJECT:
TITLE
PUBLIC HEARING AND CITY COUNCIL REVIEW OF THE CITY OF SAN PABLO FY 2020/21 (YEAR 4) OPERATING BUDGET AND CAPITAL IMPROVEMENT PROJECTS BUDGET
Label
RECOMMENDATION
Recommendation
Conduct Public Hearing; authorize placement on the June 15, 2020 Council meeting for adoption of operating and CIP budgets
BODY
COMPLIANCE STATEMENTS
Council Priority Workplan Compliance Statement:
Enhance Community Resilience (City Council) is a Major Policy Goal and Diversify the Revenue Stream is a Top City Council Priority item under the adopted FY 2019-21 City Council Priority Workplan, effective March 1, 2019.
CEQA Compliance Statement
This is not a project as defined by CEQA.
BACKGROUND
When originally adopted on June 19, 2017 (Resolution 2017-123), the FY 2018-21 Quadrennial Budget was a four-year appropriation balanced in each of the separate fiscal years, with Years 1 and 2 generally budgeted individually and Years 3 and 4 generally increased by a modest formula. At the beginning of Year 2, the budget was minimally updated, but in June 2019, halfway through the budget cycle ("mid-cycle"), the budget underwent a major update as planned and was adopted by Resolution 2019-084. Like the original Quadrennial Budget, the mid-cycle update was balanced in each fiscal year, with revenues and expenditures standing at $45.6 million in Year 3 and $47.0 million in Year 4.
In March 2020, as staff was finalizing the Year 4 budget update, the City faced the novel Coronavirus pandemic that resulted in the closure of businesses throughout the City, state and nation, indeed even throughout the world, as entire national economies were brought to a standstill. Most significantly for the City, Casino San Pablo and dozens of other "non-essential" businesses were closed as orders for social distancing and sheltering-in-place were mandated until the pandemic could be more safely managed.
As fiscal year 2019/20...
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