Speaker 3: Motion is carried.
Speaker 0: Thank you. Item last item 21.
Speaker 3: Reporter from.
Speaker 1: Financial.
Speaker 3: Management Recommendation to receive and file a fiscal year 2021 Budget Performance.
Speaker 1: Report City Wide.
Speaker 0: There's no public comment, correct? Okay. We're going to just do a brief. And Mr. Monica, do you want to just give us a brief? Performance Report update. I think most accounts have probably read the agenda, but I want to just do that publicly. Yes. Great.
Speaker 2: All right. Good evening, Mayor. Members of the city council. This report is a preview of the potential FY 21.
Speaker 1: Year end projections.
Speaker 2: Just as a comment, your end transactions are still in progress and final disbursements of revenues are still pending.
Speaker 1: So this report.
Speaker 2: Is still based on estimates. And we'll bring we'll be bringing.
Speaker 3: Back a final report on the Fy21 performance based on actual.
Speaker 1: Per our normal schedule in February. This budget, as a reminder, was established at the start.
Speaker 2: Of the pandemic in the middle of the incredibly steep and swift recession. And so what we're finding out on a positive.
Speaker 1: Side is that current projections.
Speaker 2: Show optimistic signs that revenue.
Speaker 3: Shortfalls in key areas are not.
Speaker 1: As severe as originally thought.
Speaker 2: That we might be, they might be. So, as Tom mentioned earlier.
Speaker 3: For the general fund.
Speaker 1: Projections.
Speaker 2: Are essentially showing that we are generally balanced for FY 21.
Speaker 3: With a small operating surplus.
Speaker 1: Of 500,000.
Speaker 2: I do want to say it's important to note that there are many outstanding variables.
Speaker 1: And when we're.
Speaker 2: Talking 500,000.
Speaker 1: We're talking a very small margin. And so it's.
Speaker 2: Possible that this number could be.
Speaker 3: More positive or it could even swing to be a negative.
Speaker 1: We do have measure A, we still have one quarter left to go, but Measure is currently.
Speaker 2: Showing a potential net program.
Speaker 1: Surplus of about 10 million.
Speaker 3: And so for this final surplus.
Speaker 1: The city manager will be looking at all the priority items that.
Speaker 2: Council mentioned on adoption night as well as other major needs.
Speaker 1: Eligible under Measure eight. And we'll be bringing back a comprehensive list of recommended projects in February in the year and performance report for City Council.
Speaker 0: Consider very much I think that's a good pick it up just as a note just wanted to add that all the projects that Councilmember Austin and the Council worked on so really worked under a great list of projects. If things continue as planned, those are all going to get funded or are looking like a lot of those going get funded. So that's really great news. So there's a motion and a second on this item. Members, please cast your vote.
Recommendation to receive and file a Fiscal Year 2021 (FY 21) Budget Performance Report providing an update on the City’s FY 21 financial status and projections for year-end.  (Citywide)