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File #: 20-341    Name:
Type: Staff Report Status: Agenda Ready - Administrative Business
File created: 5/13/2020 In control: Budget Standing Committee of the City Council
On agenda: 5/18/2020 Final action:
Title: Fiscal Year 2020-2021 Operating Budget Presentation (Janet Salisbury, Finance Director)
Attachments: 1. 1_General Fund Reduction Proposal (By Department), 2. 2_Proposed FY20-21 GF Expenditure Budget, 3. 3_Non-General Fund Summaries, 4. 4_Presentation - Proposed Budget FY2019-21, 5. 05.18.2020 SB 343 Budget Subcommittee public comments Legistar
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Fiscal Year 2020-2021 Operating Budget Presentation (Janet Salisbury, Finance Director)

It is recommended that the Budget Standing Committee provide feedback to staff in preparation for the City Council budget study session on June 9, 2020.

In 2017, the City made the strategic shift away from a one-year operating budget cycle to a biennial operating budget cycle. Fiscal Year (FY) 2020-21 represents the second year of the biennial operating budget which was adopted on June 26, 2019. The biennial budget provides a two-year outlook with the first year (FY 2019-20) presented to City Council for budget approval and the second year (FY 2020-21) presented as a business plan, subject to adjustment.

Adjustments to the FY 2019-20 budget and the proposed FY 2020-21 budget are required due to the extraordinary economic downturn stemming from the COVID-19 global pandemic. South San Francisco is a financially strong, AAA credit rated city-well positioned to weather the financial downturn associated with COVID-19. Nevertheless, it is obvious the global economy has contracted. Over 33 million Americans have lost their jobs and South San Francisco has not been spared this economic pain.


The General Fund is the City's largest and core operational fund. For the current fiscal year, FY 2019-20, rapid financial actions to reduce spending, combined with higher than anticipated actual revenues, have yielded a surplus of $4,634,181 (operating revenues of $126,247,355 less expenditures of $121,613,174). This surplus can be used to offset some of the revenue losses anticipated in FY 2020-21.

For the upcoming fiscal year, FY 2020-21, the City is anticipated to have $105,385,881 (not including carryover purchase orders) in revenues and $112,217,884 in operating expenditures (net of departmental reductions), yielding an operating shortfall of $6,832,003. Staff recommends us...

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