07 Desk Item - Budget
PREPARED BY: Stephen Conway
Finance Director
Reviewed by: Town Manager, Assistant Town Manager, Town Attorney, and Finance Director
110 E. Main Street Los Gatos, CA 95030 ● (408) 354-6832
www.losgatosca.gov
TOWN OF LOS GATOS
COUNCIL AGENDA REPORT
MEETING DATE: 06/02/2020 ITEM NO: 7 DESK ITEM
DATE: June 2, 2020
TO: Mayor and Town Council
FROM: Laurel Prevetti, Town Manager
SUBJECT: Operating and Capital Budgets
a. Adopt a resolution approving the Town of Los Gatos Fiscal Year (FY)
2020/21 Operating Budget and FY 2020/21 – 2024/25 Capital
Improvement Program (CIP), new appropriations, other approved
adjustments, minor corrections, and carry-forward appropriations
b. Adopt a resolution approving commitment of fund balances under GASB
54.
c. Confirm the General Fund Reserve Policy, Long term Debt Policy,
Investment Policy, and IRS Section 115 Pension Trust and OPEB Trust
Investment Policy.
REMARKS:
Attachment 5 contains public comments received after 11:01 a.m. Tuesday, June 2, 2020.
Attachments previously distributed with Staff Report, Addendum, and Addendum B:
1. Resolution of the Town Council Approving FY 2020/21 Operating Budget and FY 2020/21 –
2024/25 Capital Improvement Program (with Exhibit A)
2. Resolution of the Town Council of the Town of Los Gatos Approving Commitments of Fund
Balance under GASB 54
3. Financial Policies
4. Public Comments received before 11:01 a.m. Friday, May 29, 2020.
5. Public Comments received between 11:01 a.m. Friday, May 29, 2020 and 11:01 a.m.
Monday, June 1, 2020.
PAGE 2 OF 2 SUBJECT: Operating and Capital Budgets DATE: June 2, 2020
Attachment distributed with this Desk Item:
6. Public Comments received after 11:01 a.m. Tuesday, June 2, 2020.