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HomeMy WebLinkAbout13 - Set Public Hearing Date to Adopt Fiscal Year 2023-2024 BudgetQ �EwPpRT CITY OF s NEWPORT BEACH `q44:09 City Council Staff Report May 23, 2023 Agenda Item No. 13 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: Jason AI -Imam, Finance Director/Treasurer - 949-644-3126, jalimam@newportbeachca.gov PREPARED BY: Shelby Burguan, Budget Manager, sburguan@newportbeachca.gov PHONE: 949-644-3085 TITLE: Set Public Hearing Date to Adopt Fiscal Year 2023-2024 Budget /_1 16"t I:7_T91 6 Per Section 1102 of the City Charter, the City Manager is to submit the budget to the City Council at least 35 days prior to the beginning of the fiscal year, which starts July 1. After reviewing the budget and making such revisions as it may deem advisable, the City Council shall determine the time for the holding of the public hearing and publish a notice in an official newspaper not less than 10 days prior to said hearing. The Charter requires the City Council to adopt an annual budget each year on or before June 30. RECOMMENDATIONS: a) Determine this action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because this action will not result in a physical change to the environment, directly or indirectly; and b) Schedule a public hearing of the City's Proposed Budget for Fiscal Year 2023-2024 for June 13, 2023, and direct the City Clerk to publish a notice of said hearing in accordance with Section 1102 of the Newport Beach Charter. DISCUSSION: The City Charter requires that the City Council adopt an annual budget each year on or before June 30. Staff has provided the Council with copies of the preliminary budget document, and it is available for public review on the City of Newport Beach website at: https://www.newportbeachca.gov/government/departments/finance/city-budget-salary Staff recommends that the City Council set the date for the public hearing on the Fiscal Year 2023-2024 budget for June 13, 2023. The public hearing would be noticed and held during the regular Council meeting. 13-1 Set Public Hearing Date to Adopt Fiscal Year 2023-2024 Budget May 23, 2023 Page 2 FISCAL IMPACT: The Fiscal Year 2023-2024 proposed budget is balanced, but subject to change based on the City Council's final recommended action. ENVIRONMENTAL REVIEW: Staff recommends the City Council find this action is not subject to the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly. NOTICING: The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item). 13-2