Title
Staff Report for the Public Hearing and Adoption of the Proposed 2013-14 and 2014-15 Biennial budgets for the City of San Leandro, the Successor Agency to the Redevelopment Agency of the City of San Leandro, and the San Leandro Public Financing Authority
Staffreport
SUMMARY AND RECOMMENDATION
Staff recommends that the City Council conduct a public hearing and take public testimony regarding the City Manager's Proposed Biennial Budget, for fiscal years 2013-14 and 2014-15. At the conclusion of the public hearing and after Council's deliberations, staff requests that Council provide final direction regarding the 2013-14 and 2014-15 proposed biennial budget adoption:
City Council approve the following Resolutions to adopt the City Manager's fiscal years 2013-14 and 2014-15 Proposed Biennial Budget as reviewed by City Council on May 20, 2013:
1. Resolution adopting the biennial budget of the City of San Leandro for fiscal years 2013-14 and 2014-15.
2. Resolution adopting the biennial budget for the Successor Agency to the Redevelopment Agency of the City of San Leandro (SARA) for fiscal years 2013-14 and 2014-15.
3. Resolution adopting the biennial budget of the Public Financing Authority of the City of San Leandro for fiscal years 2013-14 and 2014-15.
BACKGROUND
During the City's budget process, City Council directed staff to prepare and propose a biennial budget during the next budget cycle. Therefore, on May 20, 2013 the City Manager presented the Proposed Biennial Budget for 2013-14 and 2014-15. The biennial budget represents the City's fundamental financial planning and communications tool, describing how resources are allocated to implement Council policies and goals, as well as providing the legal basis for the expenditure of public funds.
Overall, the expenditure biennial budget proposed for 2013-14 and 2014-15 total $124.7 million and $126.5 million, respectively. The City's General Fund accounts for $80.0 million in...
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