Laserfiche WebLink
<br />CITY OF SAN LEANDRO <br />STAFF REPORT <br /> <br />APPROVED AND <br />FORWARDED <br />TO CITY COUNCIL & <br />REDEVELOPMENT AGENCY <br /> <br />DATE: <br /> <br />June 12,2007 <br /> <br /> <br />TO: <br /> <br />John Jermanis, City Manager <br /> <br />Jo . ennams <br />Ci ager & Redevelopment <br />Agen y Executive Director <br /> <br />BY: <br /> <br />Jesse Baloca, Finance Dire~ <br /> <br />Carla Rodriguez, Deputy Finance Director <br /> <br />~ <br /> <br />FROM: <br /> <br />SUBJECT: MATTER OF ADOPTION OF THE CITY MANAGER'S PROPOSED FY 2007- <br />08 BUDGET (INCLUDING THE SAN LEANDRO REDEVELOPMENT <br />AGENCY, SAN LEANDRO PARKING AUTHORITY, AND THE SAN <br />LEANDRO PUBLIC FINANCING AUTHORITY) <br /> <br />SUMMARY AND RECOMMENDATION <br />Staff recommends that the City Council approve the attached Resolutions for the City and its <br />various agencies for the FY 2007-08 Budget. Included are resolutions that address the <br />following: <br /> <br />. Resolution Adopting the City of San Leandro, Redevelopment Agency, and the Public <br />Financing Authority FY 2007-08 Budgets and establishing spending limits by <br />appropriating authorized expenditures. (There is no action required for the San Leandro <br />Parking Authority since there is no activity anticipated for FY 2007-08). <br />. Resolution setting the GANN Appropriations Limit for FY 2007-08. <br /> <br />BACKGROUND <br />The City's Annual Budget is prepared on a July 1 through June 30 fiscal year basis. It is the <br />City's fundamental financial planning document that describes how resources are allocated to <br />implement the policies of the Council. <br /> <br />The FY 2007-08 Budget Process began in December 2006, when departments were asked to <br />submit capital projects, software applications and information systems, minor building <br />enhancements and repairs, and vehicle requests. On January 11,2007, the City Manager initiated <br />the budget kickoff meeting where departments were provided with budget instructions and <br />guidelines for projecting their revenues and developing proposed expenditures. Once the <br />departmental proposed budgets had been completed, they underwent three levels of internal <br />review by the Finance Director, Assistant City Manager and City Manager. After making the <br />necessary adjustments to the departmental budgets, the Proposed Budget was discussed and <br />reviewed by the Finance Committee on May 1,2007, by the City Council at the May 14, 2007 <br />Work Session. <br /> <br />The Proposed Expenditure/Expense Budget of $112.4 million is a balanced budget and proposes <br />to maintain current service levels, including restoration of some previously reduced services, and <br />