4A Public Hearing 2009 0601 - Laserfiche WebLink

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Proposed City Budget -Page 3 of 4 - June 1, 2009 For San Leandro this could mean a loss of $1.8 million for 2009-10. The funds would have to be paid back to the City within three fiscal years with interest. To address this shortfall the City could consider further budget reductions and/or inter fund borrowing. Staff will be monitoring the state's actions and will return to Council with recommendations as necessary. CONCLUSION As noted above, Council has been provided with a copy of the City Manager's Proposed Budget 2009-10. This budget provides operating revenue and expenditure budget information for all City funds including the San Leandro Redevelopment Agency. The proposed budget also contains recommendations for all capital projects for 2009-10. Finally, the proposed budget provides a Personnel Summary indicating requested full time equivalent (FTE) positions for 2009-10 for the City. Current City Council Policy • Article V of the City of San Leandro Charter requires the City Manager to submit the Proposed Budget to the City Council at least thirty-five days prior to the beginning of each fiscal year and for Council to adopt the Budget following a Public Hearing, by no later than June 30~'. Previous City Council Actions • March 23, 2009 City Council held a Budget Work Session on the proposed 2009-10 budget. • May 4, 2009 City Council held a Public Hearing and approved the increases in fees and charges for services by City departments for fiscal year 2009-10 and the annual CPI adjustment to the City's EMS Tax and the City's Business License Tax. • May I8, 2009 City Council reviewed and discussed the City Manager's Proposed Budget and indicated no further changes to the proposed budget. City Council Committee Review and Action • January 20, 2009 City Council Finance Committee reviewed budget revenue estimates and expenditure reduction discussion. • February 17, 2009 City Council Finance Committee reviewed and discussed General Fund Preliminary Budget for Fiscal Year 2009-2010. • March 17, 2009 City Council Finance Committee continued discussion of General Fund Preliminary Budget for Fiscal Year 2009-2010. • April 21, 2009 City Council Finance Committee reviewed and discussed Master Fee Schedule for 2009-2010 and reviewed direction for 2009-2010 Budget. • May 19, 2009 City Council Finance Committee discussed Farrelly Pool information and options. Applicable General Plan Policy Not Applicable