Subject:
Title
Consider adopting the Fiscal Year 2020-2021 budget and approving the Appropriation Ordinance on its First Reading
Body
Presented By: City Staff
Recommendation and Review
The proposed Fiscal Year 2020-2021 budget was presented to City Council at its April 14, 2020 meeting and a public hearing was held at its April 28, 2020 meeting. The budget must be approved by May 31, 2020 which requires two separate readings and approvals. As previously stated, there will be amendments forthcoming to this proposed budget due to the current COVID-19 pandemic and its impact on revenue. This keeps the process on schedule for approval.