13 Attachment 1TOWN OF LOS GATOS
ANNUAL BUDGET/CAFR CYCLE
December
January
February
May
June
July
December
Prior FY
(2019/2020) FY 2018/19
June 30, 2020 CAFR finalized
and presented for Council
approval.
CAFR surpluses assigned per
the Council Reserve Policy as
of June 30, 2020
Council deliberates Strategic
Priorities and Budget direction
for FY 2021/2022.
Review of Five-year Forecast and
assumptions.
Council determines if previously
assigned surpluses should be
reallocated for FY 2021/2022
Council adoption of the FY
2021/2022 Operating & Capital
Budgets
End of June 30, 2021 CAFR
period
June 30, 2021 CAFR finalized and
presented for Council approval.
CAFR surpluses assigned per the
Council Reserve Policy as of June
30, 2021
All Council deliberations and actions include opportunities for public input
Current FY
(2020/2021)
Next FY
(2021/2022)
Start of new FY 2021/2022
Operating Budget year
Council considers Mid-Year
Budget adjustments through
12/31/2020 for FY 2020/2021
Budget.
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Public hearing on FY 2021/2022
Operating & Capital Budgets [Grab your reader’s attention with a great quote from the document or use this space toemphasize a key point. To place [Grab your reader’s attention with a great quote from the document or use this space to emphasize a key point. To place [Grab your reader’s attention with a great quote from the document or use this space to emphasize a key point. To place ATTACHMENT 1