Desk Item
PREPARED BY: STEPHEN CONWAY
FINANCE DIRECTOR
Reviewed by: Town Manager, Assistant 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: 05/15/2018
ITEM NO: 6
DESK ITEM
DATE: MAY 15, 2018
TO: MAYOR AND TOWN COUNCIL
FROM: LAUREL PREVETTI, TOWN MANAGER
SUBJECT: OPERATING AND CAPITAL BUDGETS
A. CONSIDER THE TOWN OF LOS GATOS PROPOSED OPERATING AND
CAPITAL BUDGET FOR FISCAL YEAR (FY) 2018/19
B. CONSIDER THE TOWN OF LOS GATOS PROPOSED CAPITAL
IMPROVEMENT PROGRAM FOR FY 2018/19 – FY 2022/23
RECOMMENDATION:
1. Consider the Town of Los Gatos Proposed Operating and Capital Budget for FY 2018/19
2. Consider the Town of Los Gatos Proposed Capital Improvement Program for FY 2018/19 –
FY 2022/23.
REMARKS:
Attachment 6 contains public comments received after the distribution of the staff report and
addendum.
Below are responses to Council inquiries regarding the proposed budget documents.
Why is the additional project scheduled for FY 2019/20 instead of FY 2018/19?
The current CIP has a project using federal funds to make trail repairs in FY2018/19. These funds are
limited only to repairs of damaged infrastructure. In addition, staff has proposed a project utilizing
Albright Community Benefit funds for an additional project in FY 2019/20. These funds have no
limitations on their use. The concept behind this second project is to raise the trail and make
improvements along Charter Oaks to encourage pedestrian use of the trail, as requested by the
Charter Oaks stakeholders. The actual project scope and cost will be determined through
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SUBJECT: OPERATING AND CAPITAL BUDGETS
DATE: MAY 15, 2018
S:\COUNCIL REPORTS\2018\05-15-18\Budget\Desk Item.docx 5/15/2018 4:14 PM SLL
REMARKS (cont’d):
future meetings with the stakeholders, the Parks Commission, and ultimately the Council. The
balance of funds left following this project may be used for other priorities such as traffic
mitigation. The second project is recommended in the second year of the CIP to allow for
staffing resources to deliver the project.
Attachments:
1. FY 2018/19 Proposed Operating and Capital Budget (Previously Submitted)
2. FY 2018/19 – FY 2022/23 Proposed Capital Improvement Program Budget (Previously
Submitted)
3. Town of Los Gatos Donation Opportunities: FY 2018/19 List of Town Needs (Distributed with
the Staff Report)
4. Correction page C-18 (Received with Addendum)
5. Public Comments received between 11:00 a.m., Friday, May 11, 2018 and 11:00 a.m.,
Monday, May 14, 2018(Received with Addendum)
Attachment received with this Desk Item:
6. Public Comments received between 11:00 a.m., Monday, May 14, 2018 and 11:00 a.m.,
Tuesday, May 15, 2018.