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HomeMy WebLinkAboutStaff Report 1.A 05/13/2013 A en w Item/.#`1... 1 185e' DATE: May 13, 2013 TO: Honorable Mayor and Members of the city Council through City Manager FROM: William Mushallo, Finance.Director/City Treasurer SUBJECT: Budget Workshop to Review the Proposed Fiscal Year 2013-14 Operating and Capital Budgets, and a Revised Long Term General Fund Operating Forecast RECOMMENDATION It recommended that the City Council review the proposed fiscal year 2013-14 operating and capital budgets, and the revised General Ftnd five year forecast, and provide feedback as appropriate. 'BACKGROUND In January the Fiscal Year 2013-14 budgetinglprocess began. Departments were asked to submit flat ''set-vices and supplies budgets:. Any additional needs were submitted, justified, and considered on a case by case basis. The Finance Department updated the salaries and benefits accounts based on anticipated increases in health insurance, Worker's Compensation, separation expenses, retirement costs, and known changes to staffing levels in 2013/14. The draft Fiscal Year 2013-14 budget was completed on time and, pursuant to the City Charter, presented to City Council on Monday, May 6'h. DISCUSSION • The City budget, and updated General Fund operating.forecast; will be discussed at Monday's workshop. Staff from each department will be available to answer any questions regarding their proposed budgets. The City Manager's Budget Message provides a comprehensive overview of the proposed Fiscal Year 2013-14 budget: It is located at the front of the budget document. The document is available for review online on the City of Petaluma's web site at http://cityofpetaluma.net/. The document submitted on May 6°' is a draft;-and can be subject to change as we near the end of the;current"fiscal year On Monday, in addition to the other discussion,previously noted, we will be recommending some minor proposed changes to the draft document that were identified after a went to print. The goal is to integrate Council feedback from the Workshop and bring the budget-back for adoption and first reading of budget,ordinances on May 20t11. Agenda Review: . - City Attorney Finance Din for e ity'Manage