Foster City Announces Budget Schedule
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Foster City Announces Budget Schedule
For Immediate Release: January 12, 2016
Contact: 'Andra Lorenz, (650) 286-3215, alorenz@fostercity.org
It has been said that the City's budget is the City Council's ultimate policy document. The budget allocates funding for projects and services and the allocation of funding determines the level of service that will be provided in any given year.

The City of Foster City is in the process of developing its budget for Fiscal Year 2016-2017 which begins July 1, 2016 and ends June 30, 2017.

Although the 2016-2017 budget is not scheduled to be adopted by the City Council until June, the extensive fiscal planning process has already begun. The City Council will be holding a series of budget meetings at which various aspects of the budget will be discussed. All budget sessions are open to the public and the public is invited and encouraged to attend.

Since the Annual Budget is the tool that enables the City to provide programs and services, attending these sessions is a great place to become involved in and gain a greater understanding of the goals of the community as well as to ask questions and learn about the City's finances and the City itself. The City Council and City staff welcome and value insights and input from the public on all City issues, including the all-important City budget.

All of the meetings listed below will be held in the Council Chambers, 620 Foster City Blvd. (immediately adjacent to City Hall) and will be televised on FCTV, Comcast Channel 27, AT&T Channel 99 and streaming at www.fostercity.tv. They will also be available on demand after the meeting is concluded.

For further information about the upcoming budget sessions, please contact Management Analyst 'Andra Lorenz at 286-3215 or alorenz@fostercity.org. Information about City programs and services can be found on the City's website www.fostercity.org.

Budget Meeting Schedule

Monday, February 8 at 6:00 PM: Mid-Year Financial Review, Council Policy Calendar and direction for the preparation of the FY 2016-17 preliminary budget

Monday, March 28 at 6:00 PM: Enterprise Funds, Internal Service Funds, Capital Improvement Projects, Water and Wastewater Rates and Special Reports

Monday, May 9 at 6:00 PM: Five-Year Financial Plan, Preliminary Annual Budget (All Funds) and Fees and Charges Schedule

Monday, May 16 at 5:00 PM: Non-Profit Agency Funding

Monday, June 6 at 6:30 PM: Budget Public Hearing and follow-up from prior study sessions, Public Hearing and adoption of Water and Wastewater Rates, Public Hearing and adoption of Master Fee Schedule

Monday, June 20 at 6:30 PM: Annual Budget Adoption

Thursday, June 30: Annual Budget and Five-Year Financial Plan Publication 

City Hall - 610 Foster City Blvd.
Foster City, CA 94404
(650) 286-3200