When will the City know the final tally on revenues and expenses for FY 2019/20?

The City will have good estimates of final revenues and expenses in September 2020, once the closing process and audit preparation are complete. The City’s annual external audit will begin in October 2020.

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1. What are the projections for Fiscal Year (FY) 2019/20? Is the City expecting a surplus or a shortfall?
2. What has the City done so far to address the FY 2019/20 revenue shortfall?
3. When will the City know the final tally on revenues and expenses for FY 2019/20?
4. What are the projections for revenue in FY 2020/21?
5. Is the Parks and Recreation Services (PRS) Department being eliminated in FY 2020/21?
6. How often will the City be reviewing the budget, including actual revenues?
7. When will the City’s Fiscal Policies be reviewed/updated?