13a Staff Report - Considering a Proposed Operating and Capital Budget~owN 0~ MEETING DATE: 6/15/06
ITEM NO. 13. a.
GAt~s COUNCIL/AGENCY AGENDA REPORT
DATE: May 11, 2006
TO: MAYOR AND TOWN COUNCIL AND BOARD MEMBE
FROM: DEBRA J. FIGONE, TOWN MANAGER/EXECUTIVE DIREC 0
SUBJECT: CONSIDER THE TOWN OF LOS GATOS PROPOSED OPERATING AND
CAPITAL BUDGET AND THE PROPOSED REDEVELOPMENT AGENCY
BUDGET FOR FY 2006/07
RECOMMENDATION:.
Consider the Town of Los Gatos Proposed Operating and Capital Budget and the Proposed
Redevelopment Agency Budget for FY 2006/07, and provide direction for bringing forward a FY
2006/07 Operating and Capital Budget for adoption.
BACKGROUND:
On May 5, 2006, the Town Council received a copy of the Proposed Operating and Capital Budget
for FY 2006/07 for the Town of Los Gatos and the Redevelopment Agency. This budget
incorporates the Proposed FY 2006 - 2011 Capital Improvement Program (presented in more detail
in a separate document) and the Proposed FY 2006/07 Redevelopment Agency budget. The
Proposed Operating and Capital Budget for FY 2006/07 represent the Town Manager's
recommended comprehensive financial plan to provide services to the Town of Los Gatos.
DISCUSSION:
At the May 15, 2006 Town Council meeting, the Council will consider the proposed budget.
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PREPARED BY: PAMELA S. JACOBS
Assistant Town Manager
PSJ:pg
NA\MGR\AdminWorkCiles\Annual Budget\06-07 Operating Budget.doc
Reviewed by: Assistant Town Manager/Deputy Director Town Attorney/General
Counsel Clerk Administrator/Secretary ,5 Finance
Community Development
PAGE 2
MAYOR AND TOWN COUNCIL
SUBJECT: CONSIDER THE PROPOSED OPERATING AND CAPITAL BUDGET FOR FY
2005/06 AND THE PROPOSED REDEVELOPMENT AGENCY BUDGET FOR
FY 2005/06
May 12, 2005
Budget Presentation and Discussion
It is recommended that the review and discussion of the proposed budget follow the format outlined
below:
• Opening Comments Town Manager
• Budget Overview Finance Director
• Department Overviews Department Directors and Others
• Q & A Following Each Department Town Council
• Public Comments
This format allows for Council to seek clarification and provide comments following each
department presentation. The public would then be invited to provide comments following the
completion of all the department presentations.
The transmittal letter in the FY 2006/07 Proposed Operating Budget provides an executive summary
of the budget, including the major issues affecting the budget, budget assumptions, an overview of
the budget, and continuing and new initiatives being undertaken by Town staff. Any changes to the
proposed operating budget directed by Council and/or identified by staff as a "clean-up" item will be
included for Council consideration in the resolution adopting the budget.
ENVIRONMENTAL ASSESSMENT:
Is not a project defined under CEQA, and no further action is required.
FISCAL IMPACT:
The fiscal impact is presented in summary form in the Financial Summaries chapter of the Proposed
Operating and Capital Budget for FY 2006/07.
Attachment: Proposed Operating and Capital Budget for FY 2006/07 (Previously Distributed)