AGENDA ITEM NO. 7
CITY OF HAWTHORNE
City Council
AGENDA BILL
For the meeting of May 14, 2024
Originating Department: Finance
City Manager: __________
Vontray Norris
Dir. of Finance: ___________
Felice Lopez
SUBJECT:
Public Hearing on the Proposed Budget Workshop/Department Work plans presentation for Fiscal Year 2024-2025.
RECOMMENDED MOTION:
Staff recommends that the City Council receive and file the Budget Workshop/Department Work plans presentation for the Fiscal Year 2024-2025.
DISCUSSION:
The City operates on an annual budget schedule. The annual budget serves as the foundation for the City of Hawthorne's financial planning and control. Staff has prepared the Budget Workshop/Department Work plans presentation, which includes proposed Revenue and Expenditure Details for Fiscal Year 2024-2025. This discussion is focused on the General Fund proposed Revenue budget of $112,204,161, which shows an increase of 13%, and proposed departmental Expenditure budgets of $109,780,252, with overall increases of 12.4%. This budget details the City’s plan to continue fiscal prudence and transparency while expanding valuable programs and services for our community.
The city-wide proposed Revenue budget for fiscal year 2024-25 is $223,634,048.
FISCAL IMPACT:
None.
NOTICING PROCEDURES:
72 hours posted notice pursuant to the Ralph M. Brown Act ATTACHMENT(S):
1. Budget Workshop Presentation FY 2024-25