Addendum
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: 05/21/2019
ITEM NO:8
ADDENDUM
DATE: MAY 17, 2019
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) 2019/20
1. CONSIDER RECOMMENDED GRANT ALLOCATIONS FROM THE
COMMUNITY AND SENIOR SERVICE COMMISSION AND ARTS AND
CULTURE COMMISSION FOR THE FY 2019/20 COMMUNITY GRANT
PROGRAMS.
2. CONSIDER TOWN PRIORITIES FOR THE ALLOCATION OF AN
ESTIMATED $1.9 MILLION FROM THE SURPLUS PROPERTY
RESERVE.
3. CONSIDER TOWN PRIORITIES FOR THE ALLOCATION OF AN
ESTIMATED $1.0 MILLION FROM THE PROPOSED CLOSING OF
VEHICLE MAINTENANCE AND STORES INTERNAL SERVICE FUNDS.
4. CONSIDER THE TOWN OF LOS GATOS DONATION OPPRTUNITIES: FY
2019/20 LIST OF TOWN NEEDS
B. CONSIDER THE TOWN OF LOS GATOS PROPOSED CAPITAL
IMPROVEMENT PROGRAM FOR FY 2019/20 – FY 2023/24
C. CONSIDER RECOMMENDED CHANGES TO THE GENERAL FUND RESERVE
POLICY TO MORE ACCURATELY REFLECT ALLOCATION OPTIONS FOR
ADDITIONAL DISCRETIONARY PAYMENTS (ADPS) OF UNFUNDED
PENSION/OPEB OBLIGATIONS
REMARKS:
Attachment 5 contains public comment received after publishing of the Staff Report.
PAGE 2 OF 2
SUBJECT: OPERATING AND CAPITAL BUDGETS
DATE: MAY 17, 2019
S:\COUNCIL REPORTS\2019\05-21-19\Budget\Addendum.docx 5/17/2019 12:26 PM SLL
Attachments previously received with Staff Report:
1. FY 2019/20 Proposed Operating and Capital Budget
2. FY 2019/20 – FY 2023/24 Proposed Capital Improvement Program Budget
3. Town of Los Gatos Donation Opportunities: FY 2019/20 List of Town Needs
4. Public Comments Received before Posting the Item
Attachment received with this Addendum
5. Public Comments received 11:01 a.m., Thursday, May 16, 2019 to 11:00 a.m., Friday, May 17,
2019