HomeMy WebLinkAbout2005-04-05 - AGENDA REPORTS - ANNUAL OPERATING BUDGET CIP (2)CITY OF SANTA CLARITA
INTEROFFICE MEMORANDUM
TO: r S , Councilmembers and the Santa Clarita Redevelopment Agency
FROM: p, t ger
DATE: April 5, 2005
SUBJECT: PROPOSED FISCAL YEAR 2005-2006 ANNUAL OPERATING BUDGET
AND CAPITAL IMPROVEMENT PROGRAM
RECOMMENDED ACTION
City Council/Redevelopment Agency review and comment on the proposed Fiscal Year 2005-
2006 Annual Operating Budget and Five -Year Capital Improvement Program.
BACKGROUND
Each year, the City undergoes a budget process to develop the annual budget. This budget
process is about six months, usually beginning in January and culminating in June with the
adoption of a balanced annual budget. This year, the Council Priorities and the City's Strategic
Plan, "The Big Picture," was the framework for staff during this budget process.
Unlike last year, the City is not faced with a number of uncertainties with the State budget
deficit. Given the passage of Proposition 1A, the increase in many of our revenue accounts and
specifically because of the conservative approach taken, the City is in good financial health.
Overall, the proposed General Fund portion of the budget (for both operating and capital
budgets) remains virtually unchanged from the Fiscal Year 2004-05 adopted budget.
Tonight, staff will provide the Council with an overview of the budget, including highlights of
each Department's funding request, the Five -Year Capital Improvement Program, and a General
Fund Summary.
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