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HomeMy WebLinkAboutagenda updatesCity of San Bernardino Request for Council Action Date: May 17, 2018 To: Honorable Mayor and City Council k4embers From: Andrea M. Miller, City Manag By: Brent Mason, Director of Finance Subject: Fiscal Year 2018119 Budget Study Session Staff Report Recommendation It is recommended that the Mayor and City Council of the City of San Bernardino, California, receive a presentation of the FY 2018119 Proposed Revenues and Operating Budget and provide staff direction. Background The City is required to adopt an operating budget every year before the start of the new fiscal year. Staff has been working on the development of the FY 2018/19 Proposed Operating Budget since December 2017. Direction was provided to the various City departments relative to the development of their respective departmental budgets. Those were prepared and have been reviewed by Finance and the City Manager's office, and following an analysis of the request in relation to the Mayor and City Council's 2018-2019 Goals and Objectives and anticipated revenues, the City Manager's Proposed Budget was developed for consideration. The purpose of this study session is to discuss the proposed budget and provide direction to staff. Discussion Staffs presentation will begin with a discussion of the key City revenues that provide the primary support of City operations, and provide FY 2018/19 budget highlights for each department. 2018-19 Goals and Obiectives The budget development and review process aligns with Goal No. 5: Improve City Operations r� and Goal No. 6: O. aerate in a Fiscally Responsible and Business -Like Manner. The annual budget process helps ensure that the City's limited resources are being directed toward those projects and functions that the Mayor and City Council believe best support their approved list of Goals and Objectives and vision for the community. Fiscal Impact The City's FY 2018119 Proposed Operating Budget reflects a total expenditure level of nearly $167 million. The General Fund consists of approximately $127 million of that total, and all other funds make up the $40 million balance. The budget as proposed is balanced by $13,000 within the General Fund and all other operating funds have either sufficient proposed revenues or existing resources on hand. Conclusion The Mayor and City Council will receive a presentation from staff on the Fiscal Year 2018/19 Proposed Revenues and Operating Budget. The next steps in this year's budget development and adoption process are: • Capital Improvement Program Study Session • Public Hearing — June 6th • Budget Adoption — June 20th Attachments Fiscal Year 2018/19 Proposed Operating Budget Ward: Citywide Synopsis of Previous Council Actions: N/A