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6.3B <br />Page 1 <br />REPORT <br />To the Honorable Mayor and City Council) <br />From the City Manager <br />May 24, 2010 <br />SUBJECT <br />Set Public Hearing for Adopting Fiscal Year 2010-2011 Budget <br />RECOMMENDATION <br />Approve, by resolution, the date of July 12, 2010 for the public hearing and formal action <br />on the budget for FY 2010-2011. <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. It is <br />recommended that this public hearing along with the adoption ofthe budget resolution take <br />place on July 12, 2010. <br />ALTERNATIVE <br />Section 51.5 of the City Charter requires that the Council establish, by resolution, a date <br />upon which the budget resolution shall be presented and a public hearing held. The above <br />date was approved in concept at the March 8, 2010 Council meeting. It is, however, the <br />Council's prerogative to select the date they believe is the most appropriate. <br />FISCAL IMPACT <br />There is no direct fiscal impact associated with this recommendation. Adopting the FY <br />2010-2011 budget without setting a public hearing would not be in compliance with the City <br />Charter. <br />Brian J. Ponty <br />Director of Finance <br />., <br />Peter Ingram <br />City Manager <br />ATTACHMENTS <br />1. Resolution <br />RELATED DOCUMENTS IN CITY CLERK'S OFFICE <br />None <br />