Title
Staff Report Presenting the Proposed Adjustments for the 2023-2024 and 2024-2025 General Fund, Special Revenue Funds, Enterprise Funds, and Internal Service Funds Budget
Staffreport
COUNCIL PRIORITY
* Fiscal Sustainability and Transparency
SUMMARY
The City budgets on a biennial cycle every two years. At the mid-point of each biennial, staff reviews revenues and expenditures while evaluating priorities and services to formulate a mid-cycle budget adjustment. The Amended Fiscal Years 2023-2024 and 2024-2025 City Budget presents adjustments for the City Council Finance Committee to consider for subsequent City Council action.
RECOMMENDATIONS
Staff recommends the City Council Finance Committee review and recommend approval of the proposed Amended Fiscal Years 2023-2024 and 2024-2025 City Budget including revenue and expenditure appropriations. The City Council will consider the Finance Committee's budget recommendations at the May 20, 2024 meeting.
BACKGROUND
The City Council approved the biennial 2023-2024 and 2024-2025 General Fund, Special Revenue Funds, Enterprise Funds, and Internal Service Funds budgets on May 15, 2023. The approved biennial budget is the City's plan for resource allocations that guides and insures implementation of City Council policies and priorities. The budget implements the City Council's vision and direction for the broad range of services meeting the needs of the community.
The budget further aligns with the City Council's goals.
* Place San Leandro on a firm foundation for long-term fiscal sustainability.
* Advance projects and programs promoting sustainable economic development, including transforming San Leandro into a center for innovation.
* Provide quality public safety service and grow our partnership with the community to keep San Leandro safe.
* Maintain and enhance San Leandro's infrastructure.
* Support and implement programs, activities and strengthen communication that enhances the quality of life an...
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