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CC - (1) Receive Presentation on Mid-Year Budget Monitoring Report; (2) Receipt and Filing of the Fiscal Year 2019/2020 Mid-Year Budget Monitoring Report; (3) Provide Notification to Public Inviting Comment and Input for the Upcoming Proposed Budget for Fiscal Year 2020/2021; (4) Approval of Proposed Blanket Purchase Order Amendments; and (5) FOUR-FIFTHS VOTE REQUIREMENT: Approval of Proposed Budget Amendments.
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Meeting Date: March 9, 2020
Contact Person/Dept: Onyx Jones/Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Public Hearing: [] Action Item: [X] Attachments: [X]
Public Notification: (Email) Meetings and Agendas - City Council (03/03/20); (Email) Ongoing Topics - Fiscal and Budget Issues (03/03/20)
Department Approval: Onyx Jones, Chief Financial Officer (03/02/20)
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RECOMMENDATION
Staff recommends the City Council (1) receive a presentation from staff on the Mid-Year Budget Monitoring Report; (2) receive and file the Fiscal Year 2019/2020 Mid-Year Budget Monitoring Report; (3) provide notification to the public inviting comment and input for the upcoming Proposed Budget for Fiscal Year 2020/2021; (4) approve proposed blanket purchase order amendments; and (5) approve related budget amendments (budget amendment requires a four-fifths vote).
BACKGROUND/DISCUSSION
Mid-Year Budget Monitoring Report
The attached Mid-Year Budget Monitoring Report (Mid-Year Report) presents the City Council with a snapshot of General Fund, Enterprise Funds and Internal Service Funds expenditures and revenues through the first half of Fiscal Year 2019/2020, which began on July 1, 2019. Special Revenue Funds are performing within expectations and are not a part of this report.
Notification Inviting Public Comment and Input
Consistent with the City Council's general policy, the City is ...
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