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HomeMy WebLinkAbout2014-05-06 - AGENDA REPORTS - 2014-2015 BUDGET (2)TO FROM DATE SUBJECT okqenda Item CITY OF SANTA CLARITA INTEROFFICE MEMORANDUM Mayor Weste and Members of the City Council Chair Heffernan and Members of the Planning Commission Chair Boone and Members of the Parks, Recreation, & Community Services Commission Chair Shapiro and Member of &Arts"omission Kenneth W. Striplin, City May 6, 2014 FISCAL YEAR 2014-2015 BUDGET RECOMMENDED ACTION City Council; Planning Commission; Parks, Recreation, & Community Services Commission; and Arts Commission receive the presentation on the state of the budget, including the budget message and the City's fiscal status and outlook. BACKGROUND Each year the City goes through a budget process to develop the annual budget. This process takes approximately six months, typically beginning in January and culminating in June, with the adoption of a balanced annual budget. The budget process involves the members of the City Council, the Leadership Team, all City departments, and the community. Information on the budget process is being presented to the Council; the Planning Commission; the Parks, Recreation, & Community Services Commission; and the Arts Commission for review and discussion. KWS:TH:na S\MS\Nancy A\Special Meetings\Study session Memo 5-6-14