City Council

8.1 ADOPTION OF THE FISCAL YEAR 2025-27 BIENNIAL CITYWIDE BUDGET\nComments:\nThe City’s budget is an important policy document. It serves as an annual financial plan,\nidentifying the spending priorities for the organization. The budget is used to balance\navailable resources with community needs, as determined by the City Council. It also\nserves as a tool for communicating the City’s financial strategies and for ensuring\naccountability.\nGenerally, the City’s biennial operating budget process is a plan for two specified fiscal\nyears. The fiscal years for this budget begin on July 1, 2025 and ends on June 30, 2027.\nFor the upcoming fiscal years, staff is presenting the proposed two-year operating and\ncapital budgets for FY 2025-26 and 2026-27 for Council’s consideration. At the\nconclusion of the first fiscal year of this biennial budget cycle, i.e., end of FY 2025-26,\nstaff will update the revenue estimates and appropriation, and bring back the revised FY\n2026-27 budget for Council’s consideration.\nThe FY 2025-26 and FY 2026-27 Proposed Budgets were developed in the context of\ngrowing economic uncertainties and concerns of a possible recession. Cautionary factors\n2\nsuch as international tariff disputes, global supply chain disorder, continued inflationary\npressures and higher recessionary fears have clouded the City’s economic outlook.\nOn June 9, 2025, the City Council conducted a Budget Workshop to review and discuss\nthe FY 2025-27 Proposed Biennial Citywide Budget. The focus at the Budget Workshop\nwas on the General Fund. Staff has taken Council’s comments on the draft budget, made\nmodifications, and incorporated them into the full FY 2025-27 Proposed Biennial Citywide\nBudget (City, Successor Agency, Lynwood Utility Authority, Appropriations Limit, and\nMaster Fee Schedule), for formal adoption. (FIN)\nRecommendation:\nStaff recommends that the City Council and Successor Agency open a public hearing,\nreceive a presentation on the Fiscal Year (FY) 2025-27 proposed biennial citywide\nbudget, receive public comments, close the public hearing, and each adopt the respective\nattached resolutions entitled:\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD\nADOPTING THE FISCAL YEAR 2025-27 BIENNIAL CITYWIDE BUDGET\nA RESOLUTION OF THE CITY COUNCIL AS SUCCESSOR AGENCY TO THE\nLYNWOOD REDEVELOPMENT AGENCY ADOPTING THE FISCAL YEAR 202527 SUCCESSOR AGENCY BUDGET\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD\nAPPROVING THE PROPOSED FEE REVISIONS AND ADOPTING THE FISCAL\nYEAR 2025-26 MASTER FEE SCHEDULE\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD\nESTABLISHING THE APPROPRIATION LIMIT FOR FISCAL YEAR 2025-26\nPURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION