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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 1 6/13/2023 2 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 6/13/2023 3 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 6/13/2023 4 6/13/2023 FY 2023-24 Consolidated General Fund Revenues $24.6 million total 5 Consolidated General Fund Tax Revenues (millions) 6/13/2023 6 FY 2023-24 Consolidated General Fund Expenditures by Department 6/13/2023 $25.3 million total 7 FY 2023-24 Consolidated General Fund Expenditures by Department 6/13/2023 8 Proposed FY 2023-24 Budget 6/13/2023 9 Proposed FY 2024-25 Budget 6/13/2023 10 Revisions to the May 23, 2023 Preliminary Budget 6/13/2023 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   11 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 6/13/2023 12 FY 2023-25 Consolidated General Fund Budget 6/13/2023 13 Next Steps June 27, 2023 - Council will review for formal adoption FY 2023-24 funds will be appropriated on July 1, 2023 6/13/2023 14 Questions? 6/13/2023 15