4A Public Hearing 2009 0601 - Laserfiche WebLink

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CITY OF SAN LEANDRO STAFF REPORT DATE: June 1, 2009 TO: Stephen L. Hollister, City Manager FROM: Perry H. Carter, Interim Finance Director APPROVED AND FORWARDED TO CITY COUNCIL & REDEVELOPMENT AGENCY Stephen L. Hollister City Manager & Redevelopment Agency Executive Director BY: Mary Ann Perini, Budget & Compliance Manager .~{~ SUBJECT: PUBLIC HEARING AND ADOPTION OF THE PROPOSED FY 2009-10 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 2009-10. At the conclusion of the public hearing and after Council's deliberations, staff requests that Council provide staff with final direction regarding the 2009-10 proposed budget and adopt the budget for 2009-10. The attached resolutions provide for the following: • Resolution adopting the budget of the City of San Leandro for fiscal year 2009-10. • Resolution adopting the budget of the Redevelopment Agency of the City of San Leandro (RDA) for fiscal year 2009-10, and • Resolution adopting the budget of the Public Financing Authority of the City of San Leandro for fiscal year 2009-10. 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 F'Y 2009-10 budget process began in November 2008 and concluded in April 2009. Council reviewed and discussed both expenditure cuts, potential revenue measures, and use of reserves as approaches to balancing the City's General Fund budget. Both significant cuts to departmental expenditures and one-time allocations of resources to the General Fund for 2009-10 were