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7.3.A. - Page 1 <br /> REPORT <br /> To the Honorable Mayor and City Council <br /> From the City Manager <br /> June 9, 2014 <br /> SUBJECT <br /> Set Public Hearing for Adopting Fiscal Year 2014-15 Budget <br /> RECOMMENDATION <br /> Adopt a Resolution setting the date of June 23, 2014 for the public hearing and formal <br /> action on the FY 2014-15 budget. <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. <br /> ANALYSIS <br /> It is recommended that this public hearing along with the adoption of the budget <br /> resolution take place on June 23, 2014. <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 24, 2014 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 /> 2014-15 budget without setting a public hearing would not be in compliance with the <br /> City Charter. <br /> ENVIRONMENTAL REVIEW <br /> This ordinance is not a "project" within the meaning of the California Environmental <br /> Quality Act. (Public Resource Code § 21065; Guidelines § 15378) <br /> BRIAN PONTY <br /> DIRECTOR OF FINANCE <br />