Rancho Palos Verdes City Council
   

MARCH 7, 2006 BUDGET MEETING SCHEDULE FOR FY 06-07 MARCH 7, 2006 BUDGET MEETING SCHEDULE FOR FY 06-07
MARCH 7, 2006 BUDGET MEETING SCHEDULE FOR FY 06-07



TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL

FROM: ASSISTANT CITY MANAGER/CITY CLERK

DATE: MARCH 7, 2006

SUBJECT: BUDGET MEETING SCHEDULE FOR FY 06-07

RECOMMENDATION

Select two dates in mid April to early May for the City Council budget review sessions (only one date may be necessary).

BACKGROUND

Last year, the City Council conducted a series of public budget policy workshops and budget review sessions in the course of preparing the current two-year budget document covering FY 05-06 & FY 06-07. Typically during the first year of the two-year budget cycle, the Council holds one or two budget policy workshop in late March or early April and then holds one or two public budget review sessions in May to review the draft budget document. Then, as required by the Municipal Code, the Council holds one or two (typically only one is necessary) public hearing(s) in June, prior to adopting the budget for the next fiscal year. While the existing budget document includes estimated revenues and proposed expenditures for both Fiscal Years 05-06 and 06-07, the Council has only adopted the budget for the current fiscal year (FY 05-06). The budget for FY 06-07 is shown as “proposed” in the two-year budget document.

During the second year of the two-year budget cycle, the process is much more abbreviated because only minor adjustments are generally made to the budget document through the preparation of a budget addendum. Typically, the City Council holds one budget review session in late April or early May, followed by one public hearing in June to adopt the second year budget.

DISCUSSION

Staff is asking the City Council to schedule two budget review sessions to review and comment on any budget policy issues and the proposed amendments to the FY 06-07 Budget prior to the formal public hearing(s) in June. If the Council completes its review of the draft amendments at the first budget review session, a second session will not be necessary.

Below are five suggested dates for the budget review sessions, three Saturdays and two Tuesdays prior to a regular Council meeting (6:00 pm to 7:00 pm). Council might want to hold the longer Saturday session first and hold it immediately following the Spring Community Leaders’ Breakfast, which typically ends around 11:00 am. If a second session is needed, it may be more appropriate on a Tuesday evening before a regular Council meeting.

Saturday, April 22nd
Saturday, April 29th
Tuesday, May 2nd
Saturday, May 13th
Tuesday, May 16th

The proposed public hearing date for the adoption of the FY 06-07 budget is tentatively scheduled for the June 6 or June 20, 2006 City Council meetings, depending on when the budget review session(s) are conducted.

Respectfully submitted,

Carolynn Petru
Assistant City Manager

Reviewed:

Les Evans
City Manager