Title
Staff Report for the Public Hearing and Adoption of the Proposed 2015-16 and 2016-17 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 conducts a public hearing and take public testimony regarding the City Manager's Proposed Biennial Budget, for fiscal years 2015-16 and 2016-17. At the conclusion of the public hearing and after Council's deliberations, staff requests that Council provide final direction regarding the 2015-16 and 2016-17 proposed biennial budget adoption:
City Council approve the following Resolutions to adopt the City Manager's fiscal years 2015-16 and 2016-17 Proposed Biennial Budget as reviewed by City Council on May 18, 2015:
1. Resolution adopting the Biennial Budget of the City of San Leandro for fiscal years 2015-16 and 2016-17.
2. Resolution adopting the Biennial Budget for the Successor Agency to the Redevelopment Agency of the City of San Leandro (SARA) for fiscal years 2015-16 and 2016-17.
3. Resolution adopting the Biennial Budget of the Public Financing Authority of the City of San Leandro for fiscal years 2015-16 and 2016-17.
BACKGROUND
On May 18, 2015 the City Manager presented the Proposed Biennial Budget for 2015-16 and 2016-17. 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 Biennial Budget expenditures proposed for 2015-16 and 2016-17 total $141.8 million and $148.3 million, respectively. The City's General Fund accounts for $93.5 million in 2015-16, and $95.2 million in 2016-17. The SARA is $4.8 million and $4.6 million for 2015-16 and 2016-17, respectively; Enterprise activities (...
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