The City of Pico Rivera (City) proposed the following public budget meetings:
• February 14, 2023, to discuss FY 2022-23 Mid-Year Budget Report • April 11, 2023, to discuss Five-Year Capital Improvement Program • April 24, 2023, present FY 2022-23 3rd Quarter Budget Review • May 9, 2023, present Preliminary FY 2023-25 Biennial Budget • May 23, 2023, present Final Budget Adoption for FY 2023-24 & FY 2024-25 Conclusion:
Staff recommends that City Council approve the enclosed Budget Preparation Calendar and Proposed Budget Modification Process for the two-year budget, FY 2023-25.
Approving the Budget Calendar for FY 2023-24 of the FY 2023-25 Biennial Budgets identifies the public meetings and the opportunities for residents to engage in the budget development process. These opportunities enhance transparency and open government participation. All City Council dates are designed to correlate with regularly scheduled City Council meetings and will be advertised to the public through the City’s website. In addition, the Budget Calendar will be published on the City’s website.
Steve Carmona
SC:JG:DS:ep
Enclosure: 1) Budget Preparation Calendar and Proposed Budget Modification Process, FY 2023-24 and FY 2024-25 Budget
Adjustments to the Adopted Budget
City of Pico Rivera
Budget Preparation Calendar and
Proposed Budget Modification Process
FY 2023-25 Budget (Year One)
JANUARY FEBRUARY
Distribute FY 2023-25 Budget Guidelines with fiscal
direction to Departments for review / update
Department M&O justifications due / initial review of
budget requests
Budget Development Based on Council Priorities
Departments to review FY 2023-24 User Fee Schedule
Landscape and Lighting Assessment District No. 1 and
Paramount Mines Assessment District - Annual Renewal
Consideration presented to City Council
MARCH
FY 2021-22 Annual Comprehensive Financial
Report (ACFR) presented to City Council
Finalize FY 2022-23 Mid-Year budget projections for City Council presentation
Mid-year review of FY 2022-23 revenue and expenditures
presented to City Council
FY 2023-25 Biennial Budget Calendar presented to
City Council
Prepare FY 2022-23 mid-year budget report and Five-Year New Projects (CIP) request from Departments agenda report for City Council meeting
Five-Year Forecast Update to City Council
2nd Five-Year Capital Improvement Program Study
Session with City Council (if needed)
Update Preliminary Budget based on Study Session
feedback
Five-Year Capital Improvement Program Study Session with City Council
FY 2023-24 User Fee Schedule Update presented to City
Council
APRIL
Review of Five-Year Capital Improvement Program
budgets and projects with City Manager
Public Hearing: Landscaping and Lighting
Assessment District No. 1 and Paramount Mines
Assessment District presented to City Council for
approval
During the fiscal year, certain situations arise that may cause changes in a Department's spending priority that necessitates appropriations be moved to a different Division or Object Code. The Budget Adoption Resolution -- included in the adopted budget book in the Appendix Section -- outlines the specific process for making budget adjustments. Department Directors are authorized to move appropriations within each program/division and within the same fund for their respective departments, so long as appropriations are not being increased. The City Manager may transfer operating budget appropriations within the same fund between departments, so long as total appropriations are not being increased. Any changes to total appropriations and any changes to Capital Improvement Program appropriations must be approved by a majority of the City Council.
Two-Year Budget and Five-Year Capital
Improvement Program presented to City Council for
review and adoption
Department M&O justifications due / initial review of
budget requests
City Manager meetings with Departments (budget
request reviews)
MAY JUNE
Final Department review of proposed budget
FY 2022-23 Third-Quarter Review presented to City Council Public Hearing: FY 2023-25 Biennial Preliminary
Budget (Proposed) Budget Study Session
Enclosure 1
17a
Adjustments to the Adopted Budget
City of Pico Rivera
Budget Preparation Calendar and
Proposed Budget Modification Process
FY 2024-25 Budget (Year Two)
JANUARY FEBRUARY
FY 2022-23 Annual Comprehensive Financial
Report (ACFR) presented to City Council
FY 2023-24 Mid-year review of revenue and expenditures
presented to City Council
MARCH APRIL
Year Two Review of FY 2023-25 Biennial Budget
adjustments
FY 2023-24 Third-Quarter Review presented to City Council During the fiscal year, certain situations arise that may cause changes in a Department's spending priority that necessitates appropriations be moved to a different Division or Object Code. The Budget Adoption Resolution -- included in the adopted budget book in the Appendix Section -- outlines the specific process for making budget adjustments. Department Directors are authorized to move appropriations within each program/division and within the same fund for their respective departments, so long as appropriations are not being increased. The City Manager may transfer operating budget appropriations within the same fund between departments, so long as total appropriations are not being increased. Any changes to total appropriations and any changes to Capital Improvement Program appropriations must be approved by a majority of the City Council.
Prepare FY 2023-24 mid-year budget report and
agenda report for City Council meeting
FY 2024-25 User Fee Schedule Update presented to City
Council
Landscape and Lighting Assessment District No. 1 and
Paramount Mines Assessment District - Annual Renewal
Consideration presented to City Council
Year Two Review of Five-Year Capital
Improvement Program budgets and projects
Public Hearing: Landscaping and Lighting
Assessment District No. 1 and Paramount Mines
Assessment District presented to City Council for
approval
Departments to review FY 2024-25 User Fee Schedule
MAY JUNE
Final Department review of Year Two Budget Five-Year Forecast Update to City Council Year Two Budget and Five-Year Capital
Improvement Program presented to City Council for
review and adoption
COUNCIL
MEETING
DATE
COUNCIL
MEMBER REQUEST DETAIL DIRECTOR(S)
ACTION TAKEN: Memo; Staff
Report; Closed Session;
Presentation; Follow-up
Meeting; City Manager
Reports; Informal Action
DISCUSSION
ITEM
ACTION
ITEM DATE
STATUS:
Complete;
Pending;
On-going;
In-Progress
8/10/2021 Lutz/Lara Shopping Cart Ordinance Review ordinance M. Garcia Discussion 2/22/2022 8/24/2021 Pending 6/28/2022 Lara/Camacho
Battery Storage Funds Set aside $50,000 for Battery
Storage for non-profits. S. Carmona
Pending
10/11/2022 Lara/Camacho
NASA Contract Discuss third party vendors Present at next City Council meeting 10/25
Continued to
future
meeting
Pending
GOOD OF THE ORDER