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.
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.
City Council has discussed the budget plan for FY 2019-2020 at various meetings.
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.