4A Public Hearing 2008 0602 - Laserfiche WebLink

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CITY OF SAN LEANDRO STAFF REPORT DATE: June 2, 2008 TO: John Jermanis, City Manager FROM: Perry H. Carter, Interim Finance Director~- BY: Carla Rodriguez, Deputy Finance Director APPROVED AND FORWARDED TO CITY COUNCIL & REDEVELOPMENT AGENCY Jo - ~ € Jermanis Ci '~ ~ anager & Redevelopment Agency Executive Director SUBJECT: PUBLIC HEARING AND ADOPTION OF THE PROPOSED FY 2008-09 BUDGETS FOR THE CITY OF SAN LEANDRO, THE SAN LEANDRO REDEVELOPMENT AGENCY, AND THE SAN LEANDRO PUBLIC FINANCING AUTHORITY SUMMARY AND RECOMMENDATION Staff recommends that the City Council conduct a public hearing and take public testimony regarding the City Manager's Proposed Budget, for fiscal year 2008-09. At the conclusion of the public hearing and after Council's deliberations, staff requests that Council provide staff with final direction regarding the 2008-09 proposed budget. Further, staff recommends that Council adopt the attached budget resolutions, with incorporation of the Ad Hoc Budget Committee's deficit reduction options after conducting the public hearing and Council's consideration. The attached resolutions provide for the following: • Resolution adopting the budget of the City of San Leandro for fiscal year 2008-09. • Resolution adopting the budget of the Redevelopment Agency of the City of San Leandro for fiscal year 2008-09, and • Resolution adopting the budget of the Public Financing Authority of the City of San Leandro for fiscal year 2008-09. BACKGROUND The City's annual budget is prepared on a July 1 through June 30 fiscal year basis. It is the City's fundamental financial planning document that describes how resources are allocated to implement the policies of Council and provides the legal basis for the expenditure of public funds. The FY 2008-09 budget process began in January 2008, when departments were asked to submit both operating and capital budget requests. These requests underwent three levels of internal