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File #: 23-737    Version: 1 Name: Mid Year 22-23 Report
Type: Minute Order Status: Action Item
File created: 3/6/2023 In control: City Council Meeting Agenda
On agenda: 3/13/2023 Final action:
Title: CC - ACTION ITEM: (1) Presentation on the Unaudited Fiscal Year-End 2021/2022 Report and the Fiscal Year 2022/2023 Mid-Year Budget Monitoring Report; (2) Receipt and Filing of the Unaudited Fiscal Year-End 2021/2022 Report and the Fiscal Year 2022/2023 Mid-Year Budget Monitoring Report; (3) Notification to Public Inviting Comment and Input for the Upcoming Proposed Budget for Fiscal Year 2023/2024; (4) Adoption of a Resolution Approving Salary Schedules; and (5) FOUR-FIFTHS VOTE REQUIREMENT: Approval of Proposed Budget Amendments.
Attachments: 1. 2023-03-13_ATT - Fiscal Year 2022-2023 Mid-Year Budget Monitoring Report.pdf, 2. 2023-03-13_ATT - Proposed Budget Amendments.pdf, 3. 2023-03-13_ATT - Financial Forecast.pdf, 4. 2023-03-13_ATT - Employee Salary Schedule and Resolution.pdf, 5. 2023-03-13_ATT - Unaudited Fiscal Year-End 2021-2022 Report.pdf
title
CC - ACTION ITEM: (1) Presentation on the Unaudited Fiscal Year-End 2021/2022 Report and the Fiscal Year 2022/2023 Mid-Year Budget Monitoring Report; (2) Receipt and Filing of the Unaudited Fiscal Year-End 2021/2022 Report and the Fiscal Year 2022/2023 Mid-Year Budget Monitoring Report; (3) Notification to Public Inviting Comment and Input for the Upcoming Proposed Budget for Fiscal Year 2023/2024; (4) Adoption of a Resolution Approving Salary Schedules; and (5) FOUR-FIFTHS VOTE REQUIREMENT: Approval of Proposed Budget Amendments.

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Meeting Date: March 13, 2023

Contact Person/Dept: Lisa Soghor/Finance Department

Phone Number: (310) 253-5865

Fiscal Impact: Yes [X] No [] General Fund: Yes [X] No []

Attachments: Yes [X] No []

Public Notification: (Email) Meetings and Agendas - City Council (03/09/2023); (Email) Ongoing Topics - Fiscal and Budget Issues (03/09/2023)

Department Approval: Lisa Soghor, Chief Financial Officer (03/09/2023)
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RECOMMENDATION

Staff recommends the City Council (1) receive a presentation from staff on the Unaudited Fiscal Year-End 2021/2022 Report and the Fiscal Year 2022/2023 Mid-Year Budget Monitoring Report; (2) receive and file the Unaudited Fiscal Year-End 2021/2022 Report and the Fiscal Year 2022/2023 Mid-Year Budget Monitoring Report; (3) provide notification to the public inviting comment and input for the upcoming Proposed Budget for Fiscal Year 2023/2024; (4) adoption of a Resolution approving Salary Schedules and (5) approve related budget amendments (budget amendment requires a four-fifths vote).


BACKGROUND/DISCUSSION

Unaudited Year-End Report

The Finance Department has prepared an Unaudited Fiscal Year-End 2021/2022 Report for the General Fund. It is important to note that the City's independent auditors have not yet completed their final review. This report is an overview of the City's General Fund operating revenu...

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