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6.2.C. - Page 1 <br /> To the Honorable Mayor and City Cou nci I <br /> From the City Manager <br /> J u ne 20, 2011 <br /> SUBJECT <br /> Set Public Hearing for Adopting Fiscal Year 2011-2012 Budget <br /> RECOMMENDATION <br /> Approve, by resolution, the date of July 11, 2011 forthe public hearing and formal <br /> action on the budget for FY 2011-12. <br /> BAC KG RO U N D <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 <br /> is recommended that this public hearing along with the adoption of the budget resolution <br /> take place on July 11, 2011. <br /> ALTERNATIVES <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 <br /> above date was approved in concept at the March 7, 2011 Council meeting. It is, <br /> however, the Council's prerogative to select the date they believe is the most <br /> appropriate. <br /> FISCAL IMPACT <br /> There is no direct fiscal impact associated with this recommendation. Adopting the FY <br /> 2011-12 budget without setting a public hearing would not be in compliance with the <br /> City Charter. <br /> BRIAN PONTY <br /> FINANCE DIRECTOR <br />