I. RECOMMENDATION:
City Manager and Financial Services Director recommend Council adopt Resolution No. 3902 for the adoption of final budget spending plan for Fiscal Year 2019-2020, providing for the appropriation and expenditure of all sums set forth in said final budget, and provide for the transfers and additional appropriations.
II. BACKGROUND:
The Council and staff have been deliberating on an appropriation and budget plan for FY 2019-2020. Resolution No. 3902 formally adopts the Council's appropriation and budget plan for FY 2019-2020.
III. DISCUSSION:
City Council has discussed the budget plan for FY 2019-2020 at various meetings.
IV. ALTERNATIVES:
Council could decide to postpone adopting a final budget plan for FY 2019-2020.
V. FISCAL IMPACT:
Adoption of FY 2019-2020 final budget plan would appropriate available resources and expenditures for every specified governmental fund as set forth in the budget plan. |