City of Sierra Madre Fiscal Year 2019-2020 Proposed Budget

The Fiscal Year 2019-20 Budget reduced General Fund expenditures by 10.3% ($1.1M) from the previous Fiscal Year budget, is balanced, with an all funds surplus of $2.73M and a General Fund surplus of $1.84M, which represents 18% of all expenditures.  This marks the second consecutive year where each of the primary operating funds of the City have budgeted for a surplus.

 



The proposed budget increases staffing levels in the Police and Fire Departments as well as the Library.

Under the proposed budget, the Fire Department would increase staffing to 15 full-time employees, completing the transition from a volunteer department to a career department.   The expenditures in Fire have increased each year since Council set the goal of creating and staffing a career Fire Department.

 
The proposed budget also increases spending on water infrastructure to more than $2.3M which is six times greater than infrastructure expenditures in the 2015-16 fiscal year, and $200,000 more than the $2.1M budgeted for expenditure in Fiscal Year 2018-19.

 
The City Council will consider final adoption of the proposed budget on June 25, 2019 at the regularly scheduled meeting which begins at 6:30.

Resources:
Complete Budget Presentation slides
Budget Presentation Before the City Council 6.11.19 (40 min mark)
Press Release