The Annual Operating Budget and Capital Improvement Plan (CIP) for Fiscal Year 2020/21 provides a funding road map for the coming year that enables us to deliver cost-effective quality public services and to provide for a safe and desirable community that enriches its residents and businesses.

The General Fund Budget for 2020/21, despite the ongoing COVID pandemic, reflects a balanced operating budget where operating revenues exceed operating expenditures by approximately $2.6 million. This $2.6 million balance is programmed in accordance to the City Council’s 20-Year Financial Plan and the Measure HH Responsible Spending Pledge. The entire $2.6 million dollars will be set aside to rebuild City reserves. The City’s fiscal policy is guided by the 20-Year Financial Plan, which provides for long-term fiscal sustainability.

 The City’s 20-Year Financial Plan is typically updated twice annually.  These updates occur during the budget process and then again when the City’s annual audit has been completed.  This year, due to the economic uncertainty caused by the COVID pandemic, the City will delay issuing an updated 20-Year Financial Plan until the Fall of 2020.  This will provide us with the necessary time to analyze the impact that the pandemic has had on the City’s finances.

The Measure HH – Essential City Services Oversight Committee oversees the receipt and expenditure of Measure HH revenues and ensures fiscal accountability and transparency. On May 12, 2020 the Oversight Committee concluded that the budgeted Measure HH revenue and expenses for 2020/21 are consistent with the intent of the Measure HH ballot measure and the Responsible Spending Pledge.