Title
Presentation of the FY23 Proposed Budget.
Summary
Finance will present the City Manager's FY23 Proposed Budget and seek any additional feedback from Council members as we progress through the budget adoption process. Public Hearing and first reading of the budget ordinance will be August 23, 2022. The second reading and budget adoption will be September 13, 2022.
The budget is balanced with operating revenues and proposed expenditures.
Total proposed expenditures by fund:
Governmental Funds
General Fund: $59.6M
Debt Service Fund: $20.6M
Capital Fund: $89.8M
Special Revenue Funds
Hotel Occupancy Fund: $684K
Municipal Court Summary: $59K
PD Special Revenue Funds Summary: $110K
TIRZ #1: $1.0M
PEG Fund: $35.5K
Enterprise Funds
Water/Wastewater Fund: $44.3M
Solid Waste Fund: $7.3M
Utility Capital Fund: $156.1M
Prior City Council Action
Budget workshops held on January 18, May 31, June 21, and July 14, 2022.
Supporting documents attached:
FY23 Proposed Budget Presentation
Recommended Action
Presentation only.