On Tuesday, June 2nd, the City Council adopted the Budget for Fiscal Year 2020/21. The City’s 20-Year Financial Plan, which is normally updated as part of the budget process, was delayed due to the Covid-19 pandemic and was updated in January 2021. The Budget and 20-Year Financial Plan can be found here:
The Annual Operating Budget and Capital Improvement Plan (CIP) for Fiscal Year 2020/21 provides a funding road map for the coming year that enables us to deliver cost-effective quality public services and to provide for a safe and desirable community that enriches its residents and businesses.
The General Fund Budget for 2020/21, despite the ongoing COVID pandemic, reflects a balanced operating budget where operating revenues exceed operating expenditures by approximately $2.6 million. This $2.6 million balance is programmed in accordance to the City Council’s 20-Year Financial Plan and the Measure HH Responsible Spending Pledge. The entire $2.6 million dollars will be set aside to rebuild City reserves. The City’s fiscal policy is guided by the 20-Year Financial Plan, which provides for long-term fiscal sustainability.
The Measure HH – Essential City Services Oversight Committee oversees the receipt and expenditure of Measure HH revenues and ensures fiscal accountability and transparency. On May 12, 2020 the Oversight Committee concluded that the budgeted Measure HH revenue and expenses for 2020/21 are consistent with the intent of the Measure HH ballot measure and the Responsible Spending Pledge.