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File #: 2021-005    Version: 1 Name:
Type: Discussion Status: Agenda Ready
File created: 1/5/2021 In control: City Council
On agenda: 3/16/2021 Final action:
Title: FISCAL YEAR 2021-2022 BUDGET WORKSHOP NO. 1 (CITY COUNCIL)
Attachments: 1. Exhibit No. 1 Property Tax Dollar Breakdown and City of Carson Share, 2. Exhibit No. 2 Average Shares of Property Tax revenue by Agency Within the City of Carson
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Report to Mayor and City Council
Tuesday, March 16, 2021
Discussion


SUBJECT:
Title
FISCAL YEAR 2021-2022 BUDGET WORKSHOP NO. 1 (CITY COUNCIL)

Body
I. SUMMARY

This is the first of three planned budget workshops prior to a public hearing on June 22, 2021 to consider the adoption of the proposed Fiscal Year 2021-2022 budget. This workshop will provide an update on the General Fund Reserve and projected revenues for Fiscal Year 2021-2022. The next two workshops, on April 20 and May 18, 2021, will consider proposed expenditures and strategies for achieving and maintaining a balanced budget as is required by law. The City's charter requires the City Council to adopt an annual budget by resolution each year prior to June 30.
As was stated at the City Council's Workshop on Mission, Vision and Priorities held on February 4, 2021, the City is positioned to achieve a structurally balanced budget for Fiscal Year 2021-2022. This will be the first time since Fiscal Year 2012-2013 that our recurring expenditures do not exceed our recurring revenues.
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 2021-2022 budget. 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

II. RECOMMENDATION
Recommendation

PROVIDE direction for each budget policy question, which will be used to build the draft budget.


Body
III. ALTERNATIVES

TAKE anot...

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