City Council Regular


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Meeting Date: 05/13/2019  
FROM: Peter Grant

SUBJECT
Receive and File Fiscal Year 2019-20 Proposed Budget
RECOMMENDATION
1. Receive and file the FY 2019-20 Proposed Budget;

2. Schedule City Council consideration for adoption of the FY 2019-20 Budget on June 10, 2019; and

3. Publish a notice stating the public may comment on the Budget at the meeting of June 10, 2019.
SUMMARY
Each May, the City Manager submits the Proposed Budget for the City and Recreation and Park District to the City Council. The first step in the Budget adoption process is a workshop which presents an overview of the City’s financial condition and the Proposed Budget. The workshop provides the City Council the opportunity to ask questions about the Proposed Budget and provide direction prior to considering Budget adoption in June.
DISCUSSION
The Proposed Budget is the culmination of approximately five months of work. Led by the Finance department, much effort is invested in estimating revenues, assessing the City’s financial outlook, and working with the departments to develop spending plans to deliver services to the community.

The FY 2019-20 Proposed Budget is balanced, maintains service levels, and incorporates the necessary funding for the first year of the Seven-Year Capital Improvement Plan. The Proposed Budget adheres to the City Council's Fiscal Strategies to ensure the City's fiscal health and advance the City Council's Strategic Plan.
 

Included with this report are:
The City Manager’s Budget Message
Decision Packages
The City of Cypress and Cypress Recreation and Park District Proposed Budget

The City Manager’s Budget Message provides a narrative overview of the factors and considerations included in the Proposed Budget. The message highlights significant factors impacting FY 2019-20 and identifies longer-term challenges facing the City and District.

Decision Packages summarize significant changes in the Proposed Budget, including impacts from recommended changes. The City Council may approve, deny, change or add Decision Packages as long as the Budget remains balanced.

The City of Cypress and Recreation and Park District Proposed Budget provides an executive-level overview of each department at the division level and includes a Five-Year Forecast for the City's General Fund to assist in long-term planning. The Proposed Budget includes newly-enhanced performance measures, FY 2018-19 accomplishments and FY 2019-20 objectives for each division. The Proposed Budget includes extensive overview information, detailed capital project descriptions, and the Fiscal Strategies used in developing the Proposed Budget. This information provides a clear picture of how the City’s resources are being used to provide services to the community.
BUDGET IMPACT
None.
LEGAL REVIEW
No legal review is required for this item.
  
APPROVED BY: Peter Grant, City Manager
Attachments
Budget Message
FY 2019-20 Decision Packages
FY 2019-20 Proposed Budget


    

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