Title
Staff Report for the City of San Leandro City Council Public Hearing and Adoption of the Proposed 2019-20 and 2020-21 Biennial Budget 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 of San Leandro City Council conduct a public hearing and take public testimony regarding the City Manager's Proposed Biennial Budget, for fiscal years 2019-20 and 2020-21. At the conclusion of the public hearing and after Council's deliberations, staff requests that Council provide final direction regarding the 2019-20 and 2020-21 proposed Biennial Budget adoption:
Specifically, staff recommends that the City of San Leandro City Council approve the following Resolutions to adopt the City Manager's fiscal years 2019-20 and 2020-21 Proposed Biennial Budget as reviewed by City Council on May 20, 2019:
1. Resolution adopting the Biennial Budget of the City of San Leandro for fiscal years 2019-20 and 2020-21.
2. Resolution adopting the Biennial Budget for the Successor Agency to the Redevelopment Agency of the City of San Leandro (SARA) for fiscal years 2019-20 and 2020-21.
3. Resolution adopting the Biennial Budget of the Public Financing Authority of the City of San Leandro for fiscal years 2019-20 and 2020-21.
BACKGROUND
On May 20, 2019 the City Manager presented the Proposed Biennial Budget for 2019-20 and 2020-21. 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 2019-20 and 2020-21 total $185.9 million and $190.8 million, respectively. The City's General Fund accounts for $116.8 million in 2019-20, and $120.3 million in 2020-21. The SARA...
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