Desk Item.Mid-Year Budget Performance Report
PREPARED BY: Gitta Ungvari
Finance Director
Reviewed by: Town Manager and Town Attorney
110 E. Main Street Los Gatos, CA 95030 ● (408) 354-6832
www.losgatosca.gov
TOWN OF LOS GATOS
COUNCIL AGENDA REPORT
MEETING DATE: 02/21/2023 ITEM NO: 14 DESK ITEM
DATE: February 21, 2023
TO: Mayor and Town Council
FROM: Laurel Prevetti, Town Manager
SUBJECT: Mid-Year Budget Report - July 1 - December 31, 2022:
a. Receive FY 2022/23 Mid-Year Budget Report;
b. Authorize Budget Adjustments as Recommended in the Mid-Year Budget
Report; and
c. Provide Direction of the Order of Authorized Funding Source to Balance
the FY 2022/23 Operating Budget, if Necessary, at the Final Close of the
Fiscal Year.
REMARKS:
Attachment 4 includes public comments received between 11:01 a.m. on Friday February 17,
2023, and 11:01 a.m. on Tuesday February 21, 2023. Attachment 5 contains replacement page
2 of the Staff Report and Attachment 6 contains replacement pages 3 of the Mid-Year Budget
Performance Report to correct date from June 7, 2023 to June 7, 2022 as was observed by the
public commenter.
Attachments previously received with the Staff Report and Addendum:
1. Mid-Year Budget Report - July 1 - December 31, 2022 as Presented at the Finance
Commission February 13, 2023 Meeting.
2. Public Comments Receive before Posting the Staff Report.
3. Public Comments received after publishing the Staff Report and before 11:01 a.m. on Friday
February 17.
Attachments received with this Desk Item:
4. Public Comments received between 11:01 a.m. on Friday February 17, 2023, and 11:01 a.m.
on Tuesday February 21, 2023.
5. Replacement Page 2 of 4 of the Staff Report.
6. Replacement Page 3 of 33 of Mid-Year Budget Performance Report.