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6.3.A. - Page 1 <br /> RE PO RT <br /> To the Honorable Mayor and City Council <br /> From the Cit Mana er <br /> June 11, 2012 <br /> SUBJECT <br /> Set Public Hearing for Adopting Fiscal Year 2012-13 Budget <br /> RECOMMENDATION <br /> Approve, by resolution, the date of June 25, 2012 for the public hearing and formal <br /> action on the budget for FY 2012-13. <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 <br /> is recommended that this public hearing along with the adoption of the budget resolution <br /> take place on June 25, 2012. <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 February 27, 2012 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 /> 2012-13 budget without setting a public hearing would not be in compliance with the <br /> City Charter. <br /> � <br /> � �`�- <br /> BRIAN PONTY <br /> FINANCE DIRECTOR <br /> � � ��` <br /> ROBERT B. BELL <br /> CITY MANAGER <br />