Report to Mayor and City Council
Tuesday, June 04, 2024
Discussion
SUBJECT:
Title
FISCAL YEAR 2024-2025 BUDGET WORKSHOP NO. 2
Body
I. SUMMARY
This is the second planned Budget Workshop being presented to the City Council before its consideration of adoption of the Fiscal Year 2024-2025 budget on June 18, 2024. The first Budget Workshop took place on May 7, 2024, where staff presented detailed information on the City General funds revenues, the General Fund Reserve, departments' operating expenditures and a preliminary estimate of the Los Angeles County Sheriff contract.
This report includes the proposed staffing budget, vacancy rates, the Los Angeles Sheriff contract rates (Exhibit No. 3), and Special Events Budget (Exhibit No. 4).
The nine City Council priorities identified at the Workshop on Mission, Vision and Priorities will serve as the foundation for financial planning in formulating the Fiscal Year 2024-2025 budget. Departments proposed expenditures will be prioritized in alignment with the newly defined City Council priorities highlighted below:
1. Quality of life improvements (infrastructure, maintenance, beautification)
2. Economic development
3. Governance policies and procedures pertaining to districts
4. Housing
5. Increase public safety
6. Make progress on development that provides community benefits in the long term
7. Maintain quality City programs and services
8. Advocacy for funds from county, state and federal government
9. Increased outreach and information to the community
Of these nine priorities, the City Council concluded that (a) Economic Development, (b) Increased Public Safety, (c) Maintaining Quality City Programs and Services and (d) Quality of Life Improvements are its top four priorities.
II. RECOMMENDATION
Recommendation
1. PROVIDE direction to Salaries and Benefits budget to build the proposed draft Fiscal year 2024-2025 Budget.
2. PROVIDE direction to Special Events budget to build the proposed draft Fiscal year 2024...
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