BUDGET FOR FISCAL YEAR 2020/21
And Financial Forecast
City of Mesa - May 4, 2020
FY 2020/21 Reflects Current City Operations
May 4 Council to take action on the tentative adoption of the annual budget
May 18
- Public Hearing for 5-year Capital Improvement Program (CIP) Council to take action on the adoption of the 5-year CIP
- Public Hearing for Annual Budget and Secondary Property Tax Levy Council to take action on the adoption of the annual budget
June 1 Council to take action on the adoption of the Secondary Property Tax Levy
_________________________________________________________________
Candace Cannistraro:
Management and Budget Director
Brian Ritschel:
Management and Budget Deputy Director
Source: Council, Committee & Borad Research Center
_________________________________________________________________
1 Review and discuss items on the agenda for the May 4, 2020 regular Council meeting.
2 Presentations/Action Items:
20-0502 Hear a presentation, discuss, and provide direction on the 2020/21 fiscal year budget summary, adoption process, and financial forecast. 2-a
_________________________________________________________________
| File #: | 20-0502 |
| Type: | Presentation | Status: | Agenda Ready |
| In control: | City Council Study Session |
| On agenda: | 4/30/2020 |
| Title: | Hear a presentation, discuss, and provide direction on the 2020/21 fiscal year budget summary, adoption process, and financial forecast. |
| Attachments: | 1. Presentation |
3 Current events summary including meetings and conferences attended
4 Scheduling of meetings
5 Adjournment
_________________________________________________________________
Moving Forward – Financial Forecast
Significant upward movement may not happen until September or October
Staff will continue to monitor economic situation and will update as needed
_______________________________________________________________
Next Steps
■ All General Fund related departments have been asked to prepare on-going budget reduction scenarios for consideration – Public safety departments at 5% and others at 10% – Departments funded outside of the General Fund will be adjusted as necessary to remain within their funding sources
■ Budget reduction scenarios provide a framework for staff to work from throughout the year – Currently about half of the reduction items are anticipated to be needed at the beginning of the year
■ Staff will return to Council in June with an updated revenue forecast and recommendations for budget reductions to begin implementation in July – Economic conditions will continue to be monitored and additional budget reductions will be recommended if needed
