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File #: 21-732    Version: 1 Name: Mid Year 19-20 Report
Type: Minute Order Status: Action Item
File created: 2/22/2021 In control: City Council Meeting Agenda
On agenda: 3/15/2021 Final action:
Title: CC - (1) Presentation on Mid-Year Budget Monitoring Report; (2) Receipt and Filing of the Fiscal Year 2020/2021 Mid-Year Budget Monitoring Report; (3) Notification to Public Inviting Comment and Input for the Upcoming Proposed Budget for Fiscal Year 2021/2022; (4) Approval of Proposed Blanket Purchase Order Amendments; and (5) FOUR-FIFTHS VOTE REQUIREMENT: Approval of Proposed Budget Amendments.
Attachments: 1. Attachment 1 - Mid-Year FY 2020-2021 Report.pdf, 2. Attachment 2 - Proposed Budget Amendments.pdf, 3. Attachment 3 Final FY 2020_2021 Mid-Year Forecast.pdf, 4. Attachment 4 - Proposed Blanket Purchase Order Summary Amendments.pdf
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CC - (1) Presentation on Mid-Year Budget Monitoring Report; (2) Receipt and Filing of the Fiscal Year 2020/2021 Mid-Year Budget Monitoring Report; (3) Notification to Public Inviting Comment and Input for the Upcoming Proposed Budget for Fiscal Year 2021/2022; (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 15, 2021

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 (03/11/2021); (Email) Ongoing Topics - Fiscal and Budget Issues (03/11/2021)

Department Approval: Onyx Jones, Chief Financial Officer (03/03/2021)
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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 2020/2021 Mid-Year Budget Monitoring Report; (3) provide notification to the public inviting comment and input for the upcoming Proposed Budget for Fiscal Year 2021/2022; (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 2020/2021, which began on July 1, 2020. 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 committed...

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