Stefan T. Chatwin, City Manager / Executive Director

The attached resolutions do the following:

• Budget Resolutions – approves appropriations for all funds, updates the Financial Plan and budget policies, and includes revised staffing schedules for the City and Housing Authority budgets, as well as proposed fee adjustments for the Fire Department.

• General Obligation Bonds Resolution – approves General Obligation Bond property tax rates for the costs of the North Bay Aqueduct.

• Proposition 4 Appropriations Limit Resolution – approves the FY 2021-22 Proposition 4 appropriations limit as required by State law. Fairfield continues to be under this State-defined limit. 

• AB 1600 Development Fee Findings Resolution – is an annual findings resolution required by State law on the status of AB 1600 fees that have been deposited with the City (the resolution itself does not change AB 1600 fees). 

• Investment Policy Resolution – re-adopts the City’s investment policy.

The City received awards of reporting excellence for its prior two year budget from both the California Society of Municipal Finance Officers (CSMFO) and the Governmental Finance Officers Association (GFOA) and for its prior Capital Improvement Program budget from CSMFO. The budget award programs of both entities honors cities for their outstanding presentation of budgetary data and their work in making complex information accessible to the general public.

The following alternative actions are possible:

• Budget - Revise resolutions. State law does not require a specific form of budget, but it is fiscally prudent to authorize a spending plan for each fiscal year.  If the fee adjustments are not approved, the current fee levels would remain in effect.

• General Obligation Bonds – Do not approve property tax rates. This would shift $429,000 of costs to the General Fund.  

• Prop 4 Appropriations Limit – State law requires the adoption of this limit with the annual budget. The limit factors are defined by the State.

• AB 1600 Development Fee Findings – State law requires that annual findings be adopted, which the City does at budget time.

• Investment Policy - Do not approve re-adoption of the investment policy. This is not recommended as the policy has not changed and re-adoption is a GFOA best practice.

Emily Combs, Director of Finance

(707) 428-7629

ecombs@fairfield.ca.gov