The Annual Budget is an important document for several reasons. First, it lays out a spending plan for the year, including projects and priorities that each of the departments will be addressing. Second, it puts City spending and priorities in context with the economy and revenue constraints. Third, it offers citizens a chance to review priorities, and through public meetings during the budget review and adoption process, offer suggestions and input to the City Council on those priorities. A budget study session with the City Council typically occurs in mid to late May each year, and the Council formally adopts the budget at the fourth Wednesday in June of each year.
Comprehensive Annual Financial Reports (CAFR)
The annual financial report and Cities Financial Transactions Report for the City is released in December each year. A paper copy of the report can be obtained from the Finance Department at (650) 877-8505.