HomeMy WebLinkAbout6/4/2019 Item 0, Elke
Council Agenda Correspondence
City of San Luis Obispo, Council Memorandum
DATE:May 23, 2019
TO:City Council
FROM: Brigitte Elke, Finance Director
Ryan Betz, Assistant to the City Manager
VIA:Derek Johnson, City Manager DJ
SUBJECT:2019-21 Preliminary Financial Plan User Guide
With the 2019-21Preliminary Financial plan, staff introduces an improved budget formatwith the
reader in mind.The document is designed with a budget overview that leads into detailed
information with sections about the overall framework for the financial plan at the beginning of
the document.In order to assist you with your review of the document, the following are a few
considerations.
Packet
Review AreasPage No.
Strategic Priorities
The document introduces a strategic priorities section that includes the City’s
major city goals including objectives and work programs.The work programs
largely reflect what the Council reviewed during Strategic Budget Direction 31
and the Housing Major City Goal has been amended to reflect SB 2 funding
and focus on homeless housing.
Budget at a Glance
It provides a budget summary with the “budget at a glance” section, which also
details the use of the City’s local revenue measure, and the consolidated 79
financials.
Business Activities
It makes a distinction between the General Fund and the City’s business
activities (enterprise funds) to illustrate the difference in funding sources. It
223
therefore features business activities and special revenue funds under its own
section.
Capital Improvement Plan
The capital improvement plan features individual write-ups by funding source
and therefore includes the same project in duplicates depending on the 299
multitude of funding sources involved.