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