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CITY OF SAN LEANDRO <br />MEMORANDUM <br /> <br /> <br />DATE: December 6, 2016 <br /> <br />TO: Finance Committee <br /> <br />FROM: Chris Zapata, City Manager <br />BY: David Baum, Finance Director <br /> <br />SUBJECT: Discussion Regarding Biennium Budget Calendar for 2017-18 and 2018-19 <br /> <br />RECOMMENDATION <br /> <br />Staff recommends that the Finance Committee review and approve one of the two biennium <br />budget calendars for the 2017-18 and 2018-19 budget process. <br /> <br />OVERVIEW <br /> <br />The City Council-approved General Fund, Special Revenue Funds, Capital Improvement <br />Projects and Enterprise Funds Budget is the annual plan and resource allocation that guides <br />and ensures implementation of City Council policies and priorities over the next two years. <br />The budget implements the vision and direction for the broad range of services that meet the <br />needs of the community in accordance with City Council goals. <br /> <br />The biennium budget is adopted by the City Council no later than June 30th of each year in <br />accordance with the City Charter and applicable sections of the California Government Code. <br />As part of the budget process, all departments submit revenue projections and expenditure <br />requests for the biennium budget. These requests are reviewed at many administrative levels <br />and a final City Manager Proposed Biennium Budget showing estimated revenues and <br />expenditures is prepared. The proposed budget is reviewed by the City Council in mid-May <br />with a public hearing in June each year. Finally, the City Council adopts the budget resolution <br />approving the new fiscal years City Budget. <br /> <br />Staff has begun the process for developing the 2017-18 and 2018-19 City Budget. The City <br />Manager’s Proposed Budget is scheduled to be delivered to the City Council on May 8, 2017. <br /> <br />Staff is requesting Finance Committee to approve one of the following budget calendars: <br /> “Calendar 1” – includes City Council two work sessions <br /> “Calendar 2” – excludes City Council work sessions <br /> <br />CONCLUSION <br /> <br />Staff recommends that the Finance Committee review and accept one of the two attached <br />budget calendars for the 2017-2019 City budget.