CC 2023-06-13 FY 2023-25 Biennial Operating Budget_PP
Public Hearing to Consider FY 2023-25 Biennial Operating Budget & 5-Year Capital Improvement Program Budget
6/13/2023
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Budget Timeline
Council Goal Setting Workshop – 3/2/23
Funding
Fire Services
Infrastructure
General Plan Update
Draft Work Plans developed and included as attachment
5-Year General Fund Fiscal Outlook – 3/14/23
5-Year Capital Improvement Program Budget and Local Sales Tax Program Review – 5/9/23
$52.6 million CIP and $12 million Local Sales Tax 5-year programs
Planning Commission determined the CIP is consistent with the City’s General Plan
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Tonight
Conduct a Public Hearing to review:
FY 2023-25 Biennial Operating Budget including:
$100,000 allocation towards Community Services Grants
$3,000,000 allocation towards Pavement Management Program
5-Year Capital Improvement Program Budget
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FY 2023-24 Consolidated General Fund Revenues
$24.6 million total
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Consolidated General Fund Tax Revenues
(millions)
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FY 2023-24 Consolidated General Fund
Expenditures by Department
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$25.3 million total
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FY 2023-24 Consolidated General Fund
Expenditures by Department
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Proposed FY 2023-24 Budget
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Proposed FY 2024-25 Budget
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Revisions to the May 23, 2023 Preliminary Budget
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Appropriate $3,100,000 of Excess Available Consolidated General Fund Balance to:
$100,000 to increase the Community Services Grant program
$3,000,000 to increase the Pavement Management Program (PMP) budget
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Revisions to the 5-Year CIP
The proposed revised PMP CIP budget reflects an increase of $3,000,000 over both fiscal :
Fire Station 1 Apparatus Bay Doors moved to FY 2023-24
City Hall Second Story Patio Repair moved to FY 2024-25
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FY 2023-25 Consolidated General Fund Budget
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Next Steps
June 27, 2023 - Council will review for formal adoption
FY 2023-24 funds will be appropriated on July 1, 2023
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Questions?
6/13/2023
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