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Summary <br />Duration and depth of the downturn unknown <br />In developing the FY 2020/21 Recommended <br />Budget: <br />Streamlined approach with City Council approved "roll <br />over" <br />Continue the strong financial policies the Council has <br />adopted in the past: using one-time funds for one-time <br />expenses and ongoing revenue for ongoing expenses; <br />paying down liabilities, maintaining reserves <br />Staff will return with recommended modifications to the <br />FY 2020/21 budget to support fiscal sustainability. <br />Redwood <br />City i a d asa <br />® 16 of 19 <br />