Desk Item
PREPARED BY: ARN ANDREWS
Assistant Town Manager
Reviewed by: Town Manager, Finance Director, 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: 02/19/2019
ITEM NO: 12
DESK ITEM
DATE: FEBRUARY 19, 2019
TO: MAYOR AND TOWN COUNCIL
FROM: LAUREL PREVETTI, TOWN MANAGER
SUBJECT: DISCUSS THE FIVE-YEAR FORECAST AND OTHER BUDGET ASSUMPTIONS
THAT ARE THE FOUNDATION FOR THE TOWN’S BUDGET.
REMARKS:
After the release of the staff report a typo was found on page 2 of the Expenditure Baseline and
Projection Factors (Attachment 4). Attachment 8 contains the replacement page with the
updated table.
Attachment 9 contains public comments received after the distribution of the staff report and
before 11:00 a.m. on Tuesday, February 19, 2019.
Attachments previously received with February 19, 2019 Staff Report:
1. Budget Process Timeline
2. Major Revenue Categories
3. Revenue Baseline and Projection Factors
4. Expenditure Baseline and Projection Factors
5. FY 2017/18 General Fund Reserve Activity
6. Fiscal Year Surplus Flow of Funds and Capital Improvement Program
7. Public Comment received by 11:00 a.m. February 14, 2019
Attachments received with this Desk Item:
8. Revised Page 2 of Attachment 4
9. Public Comment received between 11:01 a.m. February 14, 2019 and 11:00 a.m.
February 19, 2019