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G.8 2021-22 Proposed Budget Guidelines Schedule2021-22 BUDGET DEVELOPMENT GUIDELINES MAY 11, 2021 CITY OF GRAND TERRACE 2020 VISION Goal #1: To ensure our fiscal viability, through the continuous monitoring or revenues received and expenditure disbursements, especially during the COVID-19 pandemic. MAY 11, 2021 GUIDELINES OVERVIEW SUBMITTAL OF A ONE-YEAR BUDGET BASE BUDGET WILL REFLECT CHANGES IN STAFF TO PRE- PANDEMIC LEVELS TO EXECUTE CORE SERVICES. INFLATION FACTORS WILL BE APPLIED TO PROPOSED BUDGET CONTRACT WILL BE REVIEWED TO REDUCE OR ELIMINATE SVCS, BECAUSE OF INHOUSE ACTIVITY A RESOLUTION FOR INCREASED COMPENSATION OF CITY COUNCIL WILL BE PREPARED IN ACCORDANCE WITH GOV. CODE SECTION 36516 ANY SERVICE LEVEL OR STAFFING ADJUSTMENTS WILL BE SEPARATELY IDENTIFIED Healthy:Revenues exceed expenditures,continue to show growth,year over year,and the City maintains a 2-month reserves-rainy day fund Sustainable:Revenues exceeds expenditures (2-month reserves–rainy day fund) Vulnerable:Revenues exceed expenditures (less than the 2-month reserve–rainy day fund) Unsustainable/Insolvent:Revenues less than expenditures Healthy Sustainable Vulnerable Unsustainable/ Insolvent Rev $3.9M Exp $3.3M 10/11 11/12 12/13 13/14 14/15 15/16 Rev $4.6M Exp $3.5M Rev $4.2M Exp $3.4M Rev $4.5M Exp $3.7M Rev $4.8M Exp $4.4M Rev $4.4M Exp $4.3M 16/17 Rev $5.2M Exp $5.2M 17/18 Rev $5.7M Exp $5.7M General Fund’s Long -Term Financial Performance 18/19 19/20 Rev $5.8M Exp $5.7M Rev $6.39M Exp $5.94M MAY 11, 2021 PROPOSED BUDGET SCHEDULE PROPOSED BUDGET SCHEDULE FY2021-22 Proposed Budget Review Schedule Date Budget in the Park Presentations at Richard Rollins and Veterans Freedom Park (Community Outreach)May 19, & May 27 2021 Virtual 2021-22 Budget Workshop (Community Outreach)May 26, 2021 CITY COUNCIL MEETING: Presentation of Proposed Budget to City Council Tue –June 8, 2021 (Special Meeting) CITY COUNCIL MEETING: Budget Deliberations Start; Approval of the City’s FY2021-22 Appropriations Limits Tue -June 15, 2021 CITY COUNCIL MEETING: Budget Deliberations continue and Budget Adoption Tue -June 22, 2021 QUESTIONS MAY 11, 2021