DATE: MAY 21, 2024
DEPARTMENT: FINANCE
FROM: JIM PIA, INTERIM CITY MANAGER
BY: SELINA ANDREWS, ASSISTANT FINANCE DIRECTOR
ABE PEDROZA, SENIOR FINANCE MANAGEMENT ANALYST
YESENIA NUNEZ, FINANCE MANAGEMENT ANALYST
DEPARTMENT DIRECTORS
TITLE: PROPOSED FISCAL YEAR 2024-25 OPERATING AND CAPITAL IMPROVEMENT PROGRAM BUDGETS RECOMMENDATION:
Staff recommends City Council provide further direction to staff regarding the Proposed Fiscal Year 2024-25 Operating and Capital Improvement Program (CIP) Budgets.
DISCUSSION
The Fiscal Years 24/25 – 29/30 Proposed CIP Budget for the City of Salinas was delivered to City Council on May 7, 2024. The Fiscal Year 24-25 Proposed Operating Budget was distributed to City Council on May 14, 2024. Both of the proposed budgets were also posted on the City’s website through this link: Budget and Financial Reports - City of Salinas Below is a summary of proposed Fiscal Year 24-25 appropriations and transfers.
City staff will present the Proposed Operating and CIP Budget and highlight major activities and projects during the City Council meeting.
CEQA CONSIDERATION:
Not a Project. The City of Salinas has determined the proposed action is not a project as defined by the California Environmental Quality Act (CEQA) (CEQA Guidelines Section 15378).
STRATEGIC PLAN INITIATIVE:
Development and adoption of the annual Operating and Capital Improvement Budgets achieves the Council 2022-2025 Strategic Goal of Effective Government.
DEPARTMENT COORDINATION:
The annual Operating and Capital Improvement Budgets are a collaborative effort of all City departments.
FISCAL AND SUSTAINABILITY IMPACT:
As presented, the City’s Proposed Operating and Capital Budgets total $259,598,592.
ATTACHMENTS:
Proposed Fiscal Year 2024-25 Operating Budget
Proposed Fiscal Year 2024/25 – 2029/30 Capital Improvement Program Budget FY 24-25 CIP Reallocation Exhibit
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