MEETING DATE:
June 8, 2021
SUBJECT:
Title
RESOLUTION NO. 2021-8887 AND 2021-8888 - ADOPTING THE BUDGET OF THE CITY OF SAN MARCOS FOR THE FISCAL YEAR (FY) BEGINNING JULY 1, 2021 AND THE CAPITAL IMPROVEMENT PROJECTS BUDGET FOR THE FIVE YEARS ENDING 2025-26, AND APPROPRIATING MONEY OUT OF THE TREASURY FOR BUDGETARY PURPOSES; AND AUTHORIZING APPROPRIATION AND TRANSFER OF FUNDS FOR THE ESTABLISHMENT OF AN APPROPRIATED RESERVE FOR FUTURE EXPENDITURES AND/OR CONTINGENCIES FOR FISCAL YEAR 2021-22
Body
Recommendation
Recommendation
ADOPT the following resolutions:
1) Resolution 2021- 8887 adopting the budget of the city of San Marcos for the FY beginning July 1, 2021 and the capital improvement projects budget for the five years ending 2025-26, and appropriating money out of the treasury for budgetary purposes; and
2) Resolution 2021-8888 authorizing the appropriation and transfer of funds for the establishment of an appropriated reserve fund for future expenditures and/or contingencies for FY 2021-22.
Body
Board or Commission Action
The City Council met during a Budget Workshop on March 9 and the Budget Review Committee met on May 27 to review the proposed Operations & Maintenance Budget and Capital Improvement Program Budget.
Relevant Council Strategic Theme
Planning for the Future
Relevant Department Goal
Not applicable.
Executive Summary
The City's fiscal year begins July 1st and ends on June 30th. Each year staff presents the City Council with the proposed Operations & Maintenance Budget and Capital Improvement Program Budget for the next fiscal year.
As part of the budget process, departmental supplemental budget requests are submitted for items typically associated with one-time needs or recurring programs/projects. These are included in the department's budget submitted to the City Manager. The proposed budget includes requests approved by the City Manager for recommendation to City Council. The budget development for the proposed FY 20...
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