DATE:
May 21, 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 #2 – Budget Update
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. The first workshop focused on the General Fund and Water District’s current financial health. This second workshop will highlight updates to the operating budget, along with a snapshot of the Streets Maintenance Fund, which includes the use of reserves.
ISSUES/ANALYSIS
This second budget workshop will provide a brief overview of the total 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.
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 #2
May 16, 2023
City of Hesperia
STAFF REPORT