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8.A. - Page 1 of 72 <br />/<�ik <br />Redwood <br />CitylCallifornia <br />Faunded 1867 <br />\:3aAW <br />DATE: February 24, 2020 <br />SUBJECT <br />STAFF REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br />FY 2019-20 Mid -year budget update and proposed process for development of the FY 2020-21 budget <br />RECOMMENDATION <br />1. Accept an update on the FY 2019-20 budget and provide direction on the recommended approach for <br />development of the FY 2020-21 budget; <br />2. Adopt a resolution amending the City's Classification and Salary Plan to reinstate the Assistant to the <br />City Manager classification; <br />3. By motion, approve staff position reclassifications; <br />4. By motion, establish June 22, 2020 as the date on which the City Manager shall submit a proposed <br />budget to the City Council; and <br />5. By motion, approve the dates for City Council action on the FY 2020-21 Budget as set forth in this staff <br />report. <br />STRATEGIC PLAN GUIDING PRINCIPLE <br />Excellence in Government Operations <br />BACKGROUND <br />The Mid -Year Budget Study Session provides an opportunity for the City Manager and staff to update the <br />City Council on the major financial factors affecting the City's current fiscal year budget, and make <br />recommendations for developing next fiscal year's budget. <br />The major components to this staff report include the following: <br />Page 1 of 26 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore <br />236 <br />