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CC - ACTION ITEM: (1) Presentation on Mid-Year Budget Monitoring Report; (2) Receipt and Filing of the Fiscal Year 2021/2022 Mid-Year Budget Monitoring Report; (3) Notification to Public Inviting Comment and Input for the Upcoming Proposed Budget for Fiscal Year 2022/2023; (4) Approval of Proposed Blanket Purchase Order Amendments; (5) Adoption of a Resolution Approving Salary Schedules for Miscellaneous Employees; and (6) FOUR-FIFTHS VOTE REQUIREMENT: Approval of Proposed Budget Amendments.
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Meeting Date: March 14, 2022
Contact Person/Dept: Lisa Soghor/Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []
Attachments: [X]
Public Notification: (Email) Meetings and Agendas - City Council (03/09/2022); (Email) Ongoing Topics - Fiscal and Budget Issues (03/09/2022)
Department Approval: Lisa Soghor, Chief Financial Officer (03/08/2022)
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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 2021/2022 Mid-Year Budget Monitoring Report; (3) provide notification to the public inviting comment and input for the upcoming Proposed Budget for Fiscal Year 2022/2023; (4) approve proposed blanket purchase order amendments; (5) adoption of a Resolution approving Salary Schedules for miscellaneous employees and (6) 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 2021/2022, which began on July 1, 2021. Special Revenue Funds are performing within expectations and are not a part of this rep...
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