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HomeMy WebLinkAbout1999-04-06 - AGENDA REPORTS - PRE BUDGET SESSION (2)CITY OF SANTA CLARITA INTEROFFICE MEMORANDUM TO: Mayor Darcy & City Council Members FROM: George Caravalho, City Manager DATE: April 6, 1999 SUBJECT: Pre -Budget Session RECOMMENDED ACTION City Council participate in the pre -budget session and discuss the proposed budget review schedule. BACKGROUND The 1999/2000 Budget process is underway. Staff will be presenting the proposed budget to the City Council at the May 11 City Council Meeting. In preparation for the budget process, it would be valuable to have a pre -budget session to discuss the following items: City Funding How is the City funded? What are its key revenue sources and how have they changed over the past eleven years? What are some key funding issues facing cities in general? Are there any threats to cities' revenues on the horizon? Unfunded Capital Projects There are many needed capital improvement projects that have been identified for the future. Due to the City's limited resources, the challenge lies in funding these projects. The Council will be given an "Unfunded Capital Projects Catalogue", and asked to prioritize the identified projects, in order to give staff instruction on where to direct resources in the upcoming fiscal years. Proposed Budget Schedule The proposed budget review schedule is as follows: Tuesday, May 11 Budget Presented to Council Tuesday, May 18 Special Budget Study Session Tuesday, June 1 Budget Study Session Tuesday, June 8 Budget Public Hearing Tuesday, June 22 Budget Adoption pez.ccss4699.dm Agenda Items