AGENDA TITLE:
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Receive Presentation Regarding Fiscal Year 2025-2026 ("FY 2025/26") General Fund and Measure L Budget, and the General Fund and Measure L Five-Year Forecast (ISD - BUD)
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MEETING DATE:
May 27, 2025
PREPARED BY:
Jennelle Baker, Budget Manager
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RECOMMENDED ACTION:
Receive presentation regarding fiscal year 2025-2026 ("FY 2025/26") General Fund and Measure L budget, and the General Fund and Measure L five-year forecast.
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BACKGROUND INFORMATION:
Staff has planned two presentations to provide the City Council and public with an opportunity to review and comment on basic assumptions within the FY 2025/26 budget to be proposed for Council adoption at a regular Council meeting. The draft budget is released and available for public review online at the following link: https://city-lodi-ca-budget-book.cleargov.com/19303.
This first budget workshop session will provide information on the general economic conditions facing City staff and Council in allocating resources to most effectively deliver services. This session will focus on the General Fund and Measure L, including a discussion of FY 2025/26 General Fund and Measure L expenditures, and the General Fund and Measure L five-year forecast. The forecast is a critical planning tool for staff and Council to use to anticipate future resource or service level adjustments. The forecast presented will include a baseline scenario that maintains day to day operations with no change in service levels. This session will also include information on the Pension Stabilization Fund including funding status and the future use.
Staff recommends that the City Council receive the first presentation regarding FY 2025/26 General Fund and Measure L budget. The second presentation to Council on May 28th will focus on other aspects of the City budget and then the first opportunity for the City Council to adopt the FY 2025/26 budget will be at its regular meeting on June 4, 2025.
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