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01 Attachment 3TOWN OF LOS GATOS ANNUAL BUDGET/CAFR CYCLE Prior FY (2017/2018) June 30, 2018 CAFR finalized and presented for Council approval. CAFR surpluses assigned per the Council Reserve Policy as of June 30, 2018 January J1IIe Current FY (2018/2019) Council deliberates Strategic Priorities and Budget direction for FY 2019/2020 Council determines if previously assigned surpluses should be reallocated for FY 2019/2020 Council considers Mid -Year Budget adjustments through 12/31/2018 for FY 2018/2019 Budget Public hearing on FY 2019/2020 Operating & Capital Budgets Council adoption of the FY 2019/2020 Operating & Capital Budgets Next FY (2019/2020) End of June 30, 2019 CAFR period Start of new FY 2019/2020 Operating Budget year June 30, 2019 CAFR finalized and presented for Council approval. CAFR surpluses assigned per the Council Reserve Policy as of June 30, 2019 ATTACHMENT 3 All Council deliberations and actions include opportunities for public input i