File #: 2019-1097    Version: 1 Name:
Type: Special Order Status: Agenda Ready
File created: 11/27/2019 In control: City Council
On agenda: 6/16/2020 Final action:
Title: PUBLIC HEARING TO CONSIDER ADOPTION OF RESOLUTION NO. 20-089, ADOPTING THE FISCAL YEAR 2020-2021 ANNUAL BUDGET IN THE GENERAL FUND AND SPECIAL REVENUE FUNDS (CITY COUNCIL) CONSIDER RESOLUTION NO. 20-07-CSA, ADOPTING THE FISCAL YEAR 2020-2021 ANNUAL BUDGET FOR THE CARSON SUCCESSOR AGENCY (SUCCESSOR AGENCY) CONSIDER RESOLUTION NO. 20-06-CHA, ADOPTING THE FISCAL YEAR 2020-2021 ANNUAL BUDGET FOR THE CARSON HOUSING AUTHORITY (HOUSING AUTHORITY) CONSIDER RESOUTION NO. 20-097 APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2020-2021 (CITY COUNCIL) AND APPROVAL OF THE 2020 CAPITAL IMPROVEMENT PLAN (CITY COUNCIL)
Attachments: 1. Carson Successor Agency Resolution, 2. Carson Housing Authority Resolution, 3. Gann Appropriation Resolution, 4. Proposed Special Events to be Cancelled Through December 2020, 5. Fee Study Project - Revised Timeline, 6. City General Fund Resolution, 7. Fiscal Year 2020-2021 Capital Improvement Projects, 8. Special Events FY 20-21 Estimated Expenditures, 9. Fiscal Year 2020 General Fund Summary, 10. Fee and Cost Allocation Study Status Update, 11. Sheriff's Department Service Level Authorization Fiscal Year 2020-2021, 12. The Budget Public Hearing Notice, 13. Pension Obligation Bonds Final Results June 10 2020, 14. Kids Club - Summer Day Camp - Early Childhood Proposed Plan
Report to Mayor and City Council
Tuesday, June 16, 2020
Special Orders of the Day


SUBJECT:
Title
PUBLIC HEARING TO CONSIDER ADOPTION OF RESOLUTION NO. 20-089, ADOPTING THE FISCAL YEAR 2020-2021 ANNUAL BUDGET IN THE GENERAL FUND AND SPECIAL REVENUE FUNDS (CITY COUNCIL) CONSIDER RESOLUTION NO. 20-07-CSA, ADOPTING THE FISCAL YEAR 2020-2021 ANNUAL BUDGET FOR THE CARSON SUCCESSOR AGENCY (SUCCESSOR AGENCY) CONSIDER RESOLUTION NO. 20-06-CHA, ADOPTING THE FISCAL YEAR 2020-2021 ANNUAL BUDGET FOR THE CARSON HOUSING AUTHORITY (HOUSING AUTHORITY) CONSIDER RESOUTION NO. 20-097 APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2020-2021 (CITY COUNCIL) AND APPROVAL OF THE 2020 CAPITAL IMPROVEMENT PLAN (CITY COUNCIL)

Body
I. SUMMARY

The City Council has held 3 budget workshops and provided direction to staff for the Fiscal Year 2020-2021 budget. The Public Hearing Notice was published on June 4th (Exhibit K), and the draft budget has been on file with the City Clerk's Office for public viewing since June 4th. The resolutions are ready for the City Council to consider adoption.
Finance staff is assuming a decrease to the City's projected revenues through the second quarter of Fiscal Year 2020-2021, with projected revenues of $85 million. The City Council is asked to consider the use of one-time funds in the amount of $2.1 million from the City's General Fund reserve. The General Fund balance is estimated to be $35 million at the end of Fiscal year 2020-2021; which is approximately $17.6 million above the policy reserve threshold of $17.4 million (20% of budgeted expenditures).

II. RECOMMENDATION
Recommendation

1. OPEN the public hearing, TAKE public testimony for the proposed Fiscal Year 2020-2021 budget, and CLOSE the public hearing.
2. WAIVE further reading and ADOPT Resolution No. 20-089, A RESOLUTION OF THE CITY OF CARSON CITY COUNCIL ADOPTING THE FISCAL YEAR 2020-2021 BUDGET IN THE GENERAL FUND AND SPECIAL REVENUE FUNDS (Exhibit A)
3. WAIVE...

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