Attachment 5 - Updates to the Proposed Budget DocumentsATTACHMENT 5
Based on staff additional review and Finance Commissioners recommendations the following
updates are recommended to include in the final operating and capital budget documents:
Proposed Operating & Capital Summary Budget FY 2021/22
General: Staff will include hyperlinks to the final digital documents to Finance Commission and
Council deliberations regarding the proposed budget. In addition, staff will continue to work on
creating a more digital user friendly final budget document
Page A – 3 – reverse transposed staff expenses as a percentage of General Fund and total
expenditures.
Page A – 12 – correct % typo in second paragraph
Page A – 12/16 – align general fund revenues on both pages
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Page A-15 – Add Measure G District sales Tax Reserve Description (Measure G district sales Tax
assigned fund balance will be used to track receipt and use of the 1/8 cents District tax funds
collected by the Town.
Page A-21 – Update North 40 Property Sales FY 2022/23 assumption from 3% to North 40 Phase
1 Sales (The five-year forecast includes FY 2022/23 North 40 additional property tax estimates.)
Page A-21 – ERAF FY 2021/22 assumption from SCCA recommend 50% of FY 2020/21
anticipated proceeds to SCCA recommend 100% of FY 2020/21 anticipated proceeds. (The
property tax figure includes 100% in FY 2021/22.)
Page A-45 – A-54 – Include the Investment Policy updated by Council on the 11/3/2020 meeting
(page A-54 reference to inclusion of the Town of Los Gatos Environmental, Social and
Governance (ESG) scores and Finance Commission review)
Page C-19, C-25 Add additional information Measure G anticipated use and breakout measure
G revenue separately.
Proposed Capital Improvement Program Budget
Page B-11 update table 6101 Fire Suppression (Halon) for Server Rooms to 6101 Information
System Update