4A Public Hearing 2010 0607 - Laserfiche WebLink

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CITY OF SAN LEANDRO STAFF REPORT DATE: June 7, 2010 TO: FROM: BY: Stephen L. Hollister, City Manager Perry H. Carter, Interim Finance Director~i APPROVED AND FORWARDED TO CITY COUNCIL and REDEVELOPMENT AGENCY .~ tephen L. Hollister City Manager & Redevelopment Agency Executive Director Mary Ann Perini, Budget and Compliance Manager ~VI~ArI~ SUBJECT: PUBLIC HEARING AND ADOPTION OF THE PROPOSED FY 2010-11 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 2010-11. At the conclusion of the public hearing and after Council's deliberations, staff requests that Council provide staff with final direction regarding the 2010-11 proposed budget and adopt the budget for 2010-11. The attached resolutions provide for the following: • Resolution adopting the budget of the City of San Leandro for fiscal year 2010-11. • Resolution adopting the budget of the Redevelopment Agency of the City of San Leandro (RDA) for fiscal year 2010-11, and • Resolution adopting the budget of the Public Financing Authority of the City of San Leandro for fiscal year 2010-11. 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 which describes how resources are allocated to implement the policies of Council, and provides the legal basis for the expenditure of public funds. The FY 2010-11 budget process began in November 2009 and concluded in Apri12010. Council appointed a 13 member Citizen's Budget Task Force to provide input regarding service priorities and allocation of resources for the City. Public outreach efforts also provided important budget considerations for City Council's review. With the community's input, Council reviewed and discussed both expenditure cuts, potential revenue measures, and use of reserves as approaches to balancing the City's General Fund budget.