Title
Conduct a presentation on the FY24 Proposed Budget.
Summary
Finance will present the FY24 Proposed Budget and seek any additional feedback from City Council as we progress through the budget adoption process. A public hearing on the budget will be on August 22, 2023 with final adoption of the budget and tax rate on September 12, 2023.
Total proposed expenditures by fund:
Governmental Funds
- General Fund: $68M
- Debt Service Fund: $35M
- Capital Fund: $139.4M
Special Revenue Funds
- Hotel Occupancy Fund: $1.3M
- Municipal Court Summary: $49K
- PD Special Revenue Funds Summary: $176K
- TIRZ #1: $2.3M
- PEG Fund: $34K
Enterprise Funds
- Water/Wastewater Fund: $53M
- Solid Waste Fund: $8.2M
- Utility Capital Fund: $309M
Prior City Council Action
N/A
Supporting documents attached:
FY24 Proposed Budget Summary
Recommended Action
Presentation only.