HomeMy WebLinkAbout2005-02-15 - AGENDA REPORTS - FY 2005 2006 BUDGET (2)CITY OF SANTA CLARITA
INTEROFFICE MEMORANDUM
TO: Mayor Smyth and Members of the City Council
Chair Trautman and Members of the Planning Commission
Ch`ak Longshore and Members of,the Parks, Recreation & Community Services
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FROM: n ul Jmp,CityZa er\-__
DATE; February 15, 2005
SUBJECT: FISCAL YEAR 2005-2006 BUDGET
RECOMMENDED ACTION
City Council, Parks, Recreation & Community Services Commission and Planning Commission
receive the presentation on the state of the budget including the budget message, the City's fiscal
status and outlook.
BACKGROUND
Each year the City goes through a budget process to develop the annual budget. The process is about
six months, usually beginning in January and culminating in June with the adoption of a balanced
annual budget. The budget process involves the City Council, the Executive Team, all City
departments, and the community.
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.
This information is being presented to the Council, the Parks, Recreation & Community Services
Commission, and the Planning Commission for review and discussion.
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