I. RECOMMENDATION:
City Manager and Financial Services Director recommend Council adopt Resolution No. 4030 for the adoption of final budget spending plan for Fiscal Year 2021-2022, 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 2021-2022. Resolution No. 4030 formally adopts the Council's appropriation and budget plan for FY 2021-2022.
III. DISCUSSION:
City Council has discussed the budget plan for FY 2021-2022 at various meetings.
IV. ALTERNATIVES:
Council could decide to postpone adopting a final budget plan for FY 2021-2022.
V. FISCAL IMPACT:
Adoption of FY2021-2022 final budget plan would appropriate available resources and expenditures for every specified governmental fund as set forth in the budget plan. |