DATE:
May 7, 2024
TO:
Mayor and Council Members
Chair and Board Members, Hesperia Housing Authority
Chair and Board Members, Hesperia Fire Protection District Chair and Board Members, Hesperia Water District
FROM:
Rachel Molina, City Manager
BY:
Casey Brooksher, Assistant City Manager
SUBJECT:
FY 2024-25 Budget Workshop #1 – Operating Budget
RECOMMENDED ACTION
It is recommended that the City Council/Board receive and file this staff report, which provides information about the current status of the City of Hesperia’s proposed operating budget for Fiscal Year (FY) 2024-25.
BACKGROUND
In compliance with the City Council’s policy direction, staff annually develops an expenditure budget. While the budget gives the City the legal authority to secure goods and services, it is also a communication tool that provides information to the citizens about the City’s programs and projects. To ensure that the budget is developed to meet the City Council’s direction, a series of budget workshops have been developed. This first workshop will highlight the proposed operating budget. During the first City Council meeting in June, the proposed annual operating budget will be presented.
ISSUES/ANALYSIS
As mentioned, this first budget workshop will provide a brief overview of the City’s and Water District’s operating budget. The operating budget includes planned ongoing revenues and expenditures for the upcoming fiscal year, as well as revisions to the FY 2023-24 Budget. It should be noted that the goal for developing the FY 2024-25 Budget was to minimize the use of reserves and enhance cash reserves. This goal will be highlighted during the presentation.
CITY GOAL SUPPORTED BY THIS ITEM
Financial Health: Maintain a balanced budget and adequate reserves.
FISCAL IMPACT
There are no financial impacts at this time, as this is a workshop to discuss the proposed FY 2024-25 operating budget.
ALTERNATIVE(S)
Provide alternative direction to staff.
ATTACHMENT(S)
None
Page PAGE 2 of NUMPAGES 2
Staff Report to the Mayor and City Council/Board Members Budget Workshop #1 – Operating Budget
May 7, 2024
City of Hesperia
STAFF REPORT