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7.3.A. - Page 1 <br /> REPORT <br /> To the Honorable Mayor and City Council <br /> From the City Manager <br /> May 18, 2015 <br /> SUBJECT <br /> Set Public Hearing for Adopting Fiscal Year 2015-16 Budget <br /> RECOMMENDATION <br /> Adopt a resolution establishing the date of June 22, 2015 for the public hearing and <br /> formal action of the FY 2015-16 budget. <br /> BACKGROUND <br /> Section 51.5 of the Redwood City Charter requires that the City Council establish by <br /> resolution the date for the budget public hearing and the budget resolution adoption. On <br /> March 9, 2015 the Council approved the dates for action on the FY 2015-16 budget. <br /> ANALYSIS <br /> Adopting the FY 2015-16 budget without setting a public hearing would not be in <br /> compliance with the City Charter. It is recommended that this public hearing along with <br /> the adoption of the budget resolution take place on June 22, 2015. <br /> ALTERNATIVES <br /> The date for the public hearing was recommended by the City Manager and may be <br /> changed at Council's discretion. <br /> FISCAL IMPACT <br /> There is no direct fiscal impact associated with this recommendation. <br /> ENVIRONMENTAL REVIEW <br /> This activity is not a project under CEQA as defined in CEQA Guidelines, section <br /> 15378, because it has no potential for resulting in either a direct or foreseeable physical <br /> change in the environment. <br /> MATTHEW MCDONALD <br /> FINANCE DIRECTOR <br />