HomeMy WebLinkAboutStaff Report 5767
City of Palo Alto (ID # 5767)
Finance Committee Staff Report
Report Type: Study Session Meeting Date: 5/5/2015
City of Palo Alto Page 1
Summary Title: Fiscal Year 2016 Proposed Budget Overview
Title: Fiscal Year 2016 Proposed Budget Overview / Budget Kickoff
From: City Manager
Lead Department: Administrative Services
Background and Discussion
As required by the Charter, The City Manager Proposed Operating and Capital budgets for Fiscal
Year 2016 are scheduled to be presented to Council on April 27, 2015 and will be available on
the City’s website no later than Tuesday morning, April 28, 2015.
Between May 5 and May 19, 2015 the Finance Committee is scheduled to review the FY 2016
Proposed Operating and Capital budgets and provide a recommendation to the City Council for
adopting the budgets. The transmittal letters in both budgets provide a succinct overview of
the General Fund, Enterprise Funds, Internal Service Funds, and the Capital Fund budgets.
Public hearings for the FY 2016 budget are scheduled for June 8 and June 15, 2015 to allow for
the public to provide comments and input to the City Council. The City Council is scheduled to
adopt the Fiscal Year 2016 Budget on June 15, 2015.