CITY OF SIGNAL HILL
STAFF REPORT
2175 Cherry Avenue • Signal
Hill, California 90755-3799
1/24/2023
AGENDA ITEM
TO:
HONORABLE MAYOR
AND MEMBERS OF THE CITY COUNCIL
FROM:
SHARON DEL ROSARIO
ADMINISTRATIVE SERVICES OFFICER/FINANCE DIRECTOR
SUBJECT:
SCHEDULING A BUDGET WORKSHOP
Summary:
The City Council will consider dates for its budget workshop covering Fiscal Year (FY) 2023-24, the second year of the biennial budget for FY 2022-24.
Recommendation:
Select a date for the annual budget workshop.
Fiscal Impact:
There is no fiscal impact associated with the recommended action.
Strategic Plan Objective:
Goal No. 1: Ensure long-term fiscal stability.
Background and Analysis:
The City’s fiscal year begins on July 1 which requires that the annual budget adoption occur on or before this date. Each year the City Council schedules time to conduct a budget workshop. The purpose of this workshop is to review the second year, FY 2023-24, of the FY 2022-24 biennial budget.
Since Council meetings are held on the 2nd and 4th Tuesdays, suggested dates include Thursday, May 18 and Thursday, May 25. The preliminary budget will be distributed to the City Council and made available to the public on the City’s website at least 72 hours prior to the selected date. A workshop held on one of these dates will ensure sufficient time to adopt the budget for FY 2023-24 by June 27, 2023.
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1/24/2023
Approved:
_________________________
Carlo Tomaino
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