HomeMy WebLinkAboutAGENDA REPORT 1992 0603 CC REG ITEM 11ATO:
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Background
ITEM I to A•
MOORPARK
799 Moorpark Avenue Moorpark, California 93021 (805) 529.6864
�y Council MroY,ncg
199-1
Honorable City Council
Richard Hare, Deputy City Manager
May 29, 1992
Consider Setting Special Meeting Dates to Consider the
1992/1993 Fiscal Year Budget as Proposed by the City
Manager
The State of California is still searching for ways to balance its
budget. In past years, these attempts have severely impacted local
governments including counties, cities, special districts and schools.
Already this year one state subvention, the cigarette tax, has been
completely eliminated reducing revenues to the City by $30,000. It is
not known if others will also be subjected to cuts. Other legislation
is being considered which would have a positive impact by eliminating
the booking fee imposed by the county to backfill funds taken by the
state last year. Of significant concern is any attempt to lower the
revenues received from motor vehicle license fees which account for
thirty percent of the City's general fund revenue.
The uncertainty of the state budget has resulted in delays in setting
the City's budget. The City traditionally receives subvention
information from the state in April which assists us in making
estimates of expected revenues for the new budget year. This year
some information from the state and the League of California Cities
was not received until the last week of May.
Based on the information received, staff has developed revenue
estimates and expenditure proposals for the new budget year. These
estimates are based on the current information available and
considering the actions which may be taken by the state.
The Budget & Finance Committee has met to provide comments regarding
the assumptions being made in the preparation of the City Manager's
proposed budget. The draft budget is scheduled, as in past years, to
be circulated to the City Council at the first regular meeting of
June. Typically, one or two special meetings are held as workshops to
go over the City Manager's draft budget. Final adoption of the budget
is scheduled for the second regular meeting of June, however, given
the condition of the state budget it may be necessary to defer this
action until later in the month.
PAUL W. LAWRASON JR. BERNARDO M. PEREZ SCOTT MONTGOMERY ROY E. TALLEY JR. JOHN E. WOZNIAK
Mayor Mayor Pro Tem Councilmember Councilmember Councilmember
Honorable City Council
May 29, 1992
Page 2
Recommendation
Staff recommends scheduling meetings to review the budget on
Wednesday, June 10, after the scheduled joint meeting with the
Moorpark Unified School District and other dates to be determined by
the City Council.
May 29, 1992c: \WP51 \REPORTS \BUDMTGS