DEPARTMENT: Office of Management and Budget
DEPARTMENT HEAD: Justina Tate
COUNCIL DISTRICTS IMPACTED: City Wide
SUBJECT:
FY 2019 Budget and Financial Status Report, & Recommended FY 2020 Budget Calendar
SUMMARY:
City Council will be provided with an informational briefing on the City's FY 2019 Budget status through the second quarter (October through March) of the fiscal year and will be provided with projections on revenues and expenditures for the remaining six months of the fiscal year (April through September), an update on the implementation status of FY 2019 Budget Initiatives, first quarter 24/7 Performance Measures results, and the recommended FY 2020 Budget Calendar.
BACKGROUND INFORMATION:
City County adopted a balanced budget on September 13, 2018, for the City's fiscal year that began October 1, 2018.
As part of the City's financial management practices, City staff meets with the City Manager on a monthly basis to review the financial status of the City. Additionally each quarter the Council is provided an update of the City's finances. During the February 20th, B Session the Council will be provided the FY 2019 Three Plus Nine Budget and Financial Status Report which will focus on the financial performance through the first quarter (October through December) of the fiscal year and will provide updated estimates on revenues and expenditures for the remaining three quarters of the fiscal year (January through September).
This presentation also will include a briefing on the FY 2020 Budget Calendar. The recommended FY 2020 Budget Calendar has been developed with the City Manager's guidance and direction and in accordance with the provisions of the City Charter, the Local Government Code, and the Property Tax Code.
ISSUE:
During the February 20th City Council "B" Session, staff will review with City Council a financial, budgetary, and performance measure status report on the first quarter of the City's FY 2019 Budget. One object...
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