16 Staff Report - Operating and Capital Budget for FY 2005/06~pWN 0
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DATE:
MEETING DATE: 05-16-05
ITEM NO. 16
COUNCIL/AGENCY AGENDA REPORT
MAY 12, 2005
TO MAYOR AND TOWN COUNCIL AND BOARD MEMBERS
FROM: DEBRA J. FIGONE, TOWN MANAGER/EXECUTIVE DIRECTOR
SUBJECT: CONSIDER THE TOWN OF LOS GATOS PROPOSED OPERATING AND
CAPITAL BUDGET FOR FY 2005/06 AND THE PROPOSED
REDEVELOPMENT AGENCY BUDGET FOR FY 2005/06
RECOMMENDATION:
Consider the Town of Los Gatos Proposed Operating and Capital Budget for FY 2005/06 and the
Proposed Redevelopment Agency Budget for FY 2005/06, and provide direction for bringing
forward a FY 2005/06 Operating and Capital Budget for adoption.
BACKGROUND:
On May 6, 2005, the Town Council received a copy of the Proposed Operating and Capital Budget
for FY 2005/06 for the Town of Los Gatos and the Redevelopment Agency. This budget
incorporates the Proposed FY 2005 - 2010 Capital Improvement Program (presented in more detail
in a separate document) and the Proposed FY 2005/06 Redevelopment Agency budget. The
Proposed Operating and Capital Budget for FY 2005/06 represents the Town Manager's
recommended comprehensive financial plan to provide services to the Town of Los Gatos.
DISCUSSION:
At the May 16, 2005 Town Council meeting, the Council will consider the proposed budget.
Budget Presentation and Discussion
It is recommended that the review and discussion of the proposed budget follow the format outlined
below:
Opening Comments Town Manager
Budget Overview Finance Director
PREPARED BY: Pamela S. Jacobs
Assistant Town Manager
Reviewed by: Assistant Town Manager 6 'Attorney Cler
Community Development Revised: 5/12/05
Finance
6 pm
Reformatted: 5/30101
PAGE 2
MAYOR AND TOWN COUNCIL
SUBJECT: CONSIDER THE PROPOSED OPERATING AND CAPITAL BUDGET FOR FY
2005/06 AND THE PROPOSED REDEVELOPMENT AGENCY BUDGET FOR
FY 2005/06
I
May 12, 2005
Department Overviews
Q & A Following Each Department
Public Comments
Department Directors and Others
Town Council
This , format allows for Council to seek clarification and provide comments following each
department presentation. The public would then be invited to provide comments following the
completion of all the department presentations.
The transmittal letter in the FY 2005/06 Proposed Operating Budget provides an executive summary
of the budget, including the major issues affecting the budget, budget assumptions, an overview of
the budget, and continuing and new initiatives being undertaken by Town staff. Any changes to the
proposed operating budget directed by Council and/or identified by staff as a "clean-up" item will
be included for Council consideration in the resolution adopting the budget. One of the latter items
is the inclusion of $4,214 for the Wildlife Center of Silicon Valley to be paid out of existing non-
departmental funds. This request was received after the final preparation of the proposed budget.
With Council concurrence, this allocation will be included in the adopted budget presented to
Council in June.
ENVIRONMENTAL ASSESSMENT:
Is not a project defined under CEQA, and no further action is required.
FISCAL IMPACT:
The fiscal impact is presented in summary form in the Financial Summaries chapter of the Proposed
Operating and Capital Budget for FY 2005/06.
Attachments:
1. Proposed Operating and Capital Budget for FY 2005/06 (Previously Distributed)