I. RECOMMENDATION:
City Manager and Financial Services Director recommend Council adopt Resolution No. 3969 for the adoption of final budget spending plan for Fiscal Year 2020-2021, 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 2020-2021. Resolution No. 3969 formally adopts the Council's appropriation and budget plan for FY 2020-2021.
III. DISCUSSION:
City Council has discussed the budget plan for FY 2020-2021 at various meetings.
IV. ALTERNATIVES:
Council could decide to postpone adopting a final budget plan for FY 2020-2021.
V. FISCAL IMPACT:
Adoption of FY 2020-2021 final budget plan would appropriate available resources and expenditures for every specified governmental fund as set forth in the budget plan.
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