City Council Agenda Report
Meeting Date: May 6, 2025
From: Alice Hui, Director of Finance/City Treasurer
Department: Finance
Submitted by: Angela Melgar, Finance Manager
Subject
Fiscal Year 2025-26 Budget Workshop I
Recommendation
No action required by City Council. This is a presentation only.
Background
Chapter 8.2 of the City’s Charter requires that “[o]n or before the thirtieth day preceding the last day of the fiscal year, the City Administrator shall submit to the City Council a proposed budget for the ensuing fiscal year.” In preparation for the upcoming Fiscal Year (FY) 2025-26 Budget adoption, staff conducts Budget Workshops with City Council to provide information regarding the City’s operations, proposed appropriations, and intended fiscal direction. The Citywide Budget is the financial plan for the upcoming fiscal year which prioritizes the goals that departments intend to accomplish with the expected resources. Under the City Administrator’s direction, wherever possible staff strove to keep costs at FY 2024-25 levels and looked for new potential funding sources. Historical trends were used to estimate potential savings and a conservative approach was taken when estimating next year’s revenues in light of the uncertain economic environment.
The May 6 budget workshop will provide an overview of the Citywide proposed budget for FY 2025-26, share key highlights of FY 2024-25, and present the goals for the City departments as they move forward into next fiscal year.
If necessary, a second budget workshop will be scheduled to address any items of interest requested by Council. Should a second budget workshop not be needed, the proposed FY 2025- 26 Budget may be presented to Council for adoption as soon as the May 20 Council Meeting.
Fiscal Impact
There is no fiscal impact associated with this report.
Attachments
1. FY 2025-26 Proposed Budget