18 - Proposed Budget Discussion and Direction

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Item No. 18 Memorandum TO: Mayor & City Council FROM: Grayson Path, City Manager SUBJECT: PROPOSED FY20/21 BUDGET DATE: August 24, 2020 BACKGROUND: During the August 10, 2020 City Council Meeting as well as the August 17, 2020 City Council Budget Workshop, the City Council has heard presentations regarding the Proposed FY20/21 Budget as prepared by the City Manager, Department Heads and Staff. The City Manager issued a Memorandum summarizing the Proposed FY20/21 Budget on August 4, 2020 which was summarized and presented at the August 10th Council Meeting. A more detailed presentation was given at the August 17th Budget Workshop that examined key expenses by department. The Proposed FY20/21 Budget is for October 1, 2020 — September 30, 2021. STATUS OF ISSUE: The City Council has asked many good questions throughout these last two meetings, staff have attempted to provide answers to each question. If there is a question that has not been answered, please let us know and we will get the answer to the Council. Otherwise, the Proposed FY20/21 Budget has not been adjusted since the initial presentation. The City Council has the authority to request edits tonight. This agenda item is dedicated to further discussing the budget, asking questions, making any edits the Council deems appropriate, and preparing it for the following agenda item where the City will approve a Resolution declaring a Property Tax Rate and Public Hearings for the Proposed FY20/21 Budget and Property Tax Rate. Depending on the types of changes made by the City Council tonight (if any), the Staff may need to adjust the next agenda item to account for the change in the proposed Property Tax Rate. City Staff might be able to make that adjustment tonight if a short recess is granted. To correct a misstatement at the Budget Workshop, the City Manager believed that the $650,000.00 shown under line item 01-9999-91-00 to represented the City pulling from reserve to