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THE CITY OF 1 (� j8 CITY COUNCIL AGENDA REPORT PLEASANTON June 4, 2019 Finance TITLE: REVIEW OF THE TWO YEAR OPERATING BUDGET FOR FISCAL YEARS 2019/20 AND 2020/21 AND THE FOUR YEAR CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEARS 2019/20 THROUGH 2022/23 SUMMARY Every two years the City adopts a two year operating budget and a four year Capital Improvement Program (CIP) (collectively, the "Budget"). Prior to adoption of the Budget, staff has traditionally presented the document to the City Council in a public meeting for the purpose of facilitating public comment, addressing any Budget related questions and receiving any direction regarding amendments or additional information. As such, this item is intended to be a dialogue between the Council, the public and staff regarding the Budget. Copies of the budget and CIP books have been distributed to all Council members. STAFF RECOMMENDATION Review the Two Year Operating Budget and the four year Capital Improvement Program, and provide staff with direction regarding any issues or amendments to address prior to formal Council action scheduled for June 18, 2019. FINANCIAL STATEMENT Total City Budget expenditures for fiscal years 2019/20 and 2020/21 are $189.7 million and $194.3 million respectively for the Operating Budget and $28.6 million and $25.2 million for the Capital Improvement Program. Staff intends to make individual presentations for both of the budgets providing detail on the Budget including revenues and expenditures.