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CITY OF SAN LEANDRO <br />MEMORANDUM <br />DATE: November 4, 2011 <br />TO: Finance Committee <br />FROM: Lianne Marshall, Interim City Manager <br />BY: Jim O'Leary, Interim Finance Director <br />SUBJECT: Discussion Regarding Budget Development for the 2012 -13 City Budget <br />RECOMMENDATION <br />Staff recommends that the Finance Committee review and accept the attached report on budget <br />development for the 2012 -13 City budget. <br />OVERVIEW <br />The City Council- approved General Fund, Special Revenue Funds, and Enterprise Funds Budget <br />is the annual plan and resource allocation that guides and ensures implementation of City <br />Council policies and priorities. The budget implements the vision and direction for the broad <br />range of services that meet the needs of the community in accordance with City Council policy. <br />The annual budget is adopted by the City Council no later than July 1 of each year in accordance <br />with the City Charter and applicable sections of the California Government Code. As part of the <br />budget process, all departments submit revenue projections and expenditure requests for the next <br />budget year. These requests are reviewed at many administrative levels and a final City Manager <br />Proposed Budget showing estimated revenues and expenditures is prepared. The proposed <br />budget is reviewed by the City Council through a number of study sessions and a public hearing. <br />Finally, the City Council adopts the budget resolution approving the new fiscal year's City <br />Budget. <br />Staff has begun the process for developing the 2012 -13 City Budget. The initial Budget <br />Technical Advisory Committee for 2012 -13 was held on October 27, 2011. The City Manager's <br />Proposed Budget is scheduled to be delivered to the City Council no later than mid -May 2012. <br />The following schedules have been prepared for the Committee's discussion related the budget <br />development for the 2012 -13 City Budget: <br />Five -Year General Fund Revenue and Expenditure Forecast — Attachments I & 2 <br />Draft 2012 -13 Budget Calendar — Attachment 3 <br />Budget Development Issues and Policy Considerations —Attachment 4 <br />