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Finance and Management Services <br />www.santa-ana.org/finance <br />Item # 22 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br />Staff Report <br />April 18, 2023 <br />TOPIC: Early Direction for Fiscal Year 2023-24 Budget Cycle <br />AGENDA TITLE: <br />Early Direction for Fiscal Year 2023-24 Budget Cycle <br />RECOMMENDED ACTION <br />Provide early budget direction to staff for the upcoming fiscal year. <br />DISCUSSION <br />The discussion for this agenda item is the City Council's opportunity to provide early <br />budget direction for FY 2023-24. The staff presentation will include, at a minimum, the <br />following topics: <br />• An early look at General Fund revenue, which is not expected to significantly <br />increase from FY 2022-23 <br />• An early look at the "Baseline" General Fund budget, defined as the recurring <br />status -quo with no service level enhancements <br />• Efforts to gather public input <br />• Measure X Oversight Committee recommendations <br />• Cannabis Tax and Public Benefit Fund analysis <br />• Updated 10-year outlook for the General Fund <br />• The next steps in the budget process <br />Staff is currently in the midst of preparing the draft budget for FY 2023-24. The Budget <br />Calendar includes City Council budget workshops on the regular agendas of May 2 and <br />May 16. If the City Council wishes to have a dedicated budget workshop outside of the <br />regular meeting schedule, staff has identified May 11 as the potential date. <br />FISCAL IMPACT <br />There is no fiscal impact associated with the recommendation. <br />Submitted By: Kathryn Downs, Executive Director Finance and Management Services <br />Approved By: Kristine Ridge, City Manager <br />City Council 22 — 1 4/18/2023 <br />