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HomeMy WebLinkAbout2006-05-02 - AGENDA REPORTS - FY 2006 2007 BUDGET (2)Agenda Item: ;-- CITY OF SANTA CLARITA INTEROFFICE MEMORANDUM TO: We and Members of the City Council FROM: n 1 p, ity ager DATE; May 2, 2006 SUBJECT: FISCAL YEAR 2006-2007 BUDGET RECOMMENDED ACTION City Council 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. Information on the budget process is being presented to the Council for review and discussion. KRF:TH:js S:\WV -dgn 06 -MR -4 SwiOM24 Stu4 Sion m .dc