200 S. Anaheim Blvd.
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Anaheim, CA 92805
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CITY COUNCIL AGENDA REPORT
City of Anaheim
FINANCE DEPARTMENT
DATE: JUNE 21, 2022
FROM: FINANCE DEPARTMENT
SUBJECT: RESOLUTION ADOPTING THE FISCAL YEAR 2022/23 BUDGET ATTACHMENT (Y/N): YES ITEM # 21-A
RECOMMENDATION:
That the City Council, by Resolution, adopt the Fiscal Year (FY) 2022/23 Budget as submitted, with any revisions made by the City Council.
DISCUSSION:
On May 27, 2022, the Proposed FY 2022/23 Budget was made available to the Mayor Pro Tem, City Council, and the public for inspection in accordance with Article XII of the City Charter. Budget workshops were held on June 7 and 21, concluding with a public hearing on June 21 in which the budget was presented and the public was provided the opportunity to comment. Additionally, the Budget, Investment and Technology Committee (BIT) held public meetings on May 25, June 8, and June 15 to discuss the budget and provide additional opportunities for public comment.
After several challenging years, the Proposed FY 2022/23 budget highlights Anaheim’s swift recovery from the global COVID-19 pandemic. With the reopening of the Anaheim Resort, we have seen significant growth in the leisure and hospitality industry that is a key driver of General Fund revenues. Revenues have surpassed prior year estimates and are expected to create a surplus in the current year. $10 million has been included in the proposed budget for deferred maintenance, and another $20 million will be set aside for future programming at City Council’s direction. While we have seen tremendous revenue growth this year, we look forward with cautious optimism as we weather uncertain economic times.
The Proposed FY 2022/23 Citywide Budget is $1,988,106,867, an increase of 8% from the current adopted budget. Proposed General Fund expenditures total $407,579,587, an increase of 9%. The General Fund increase is due to personnel costs for the funding of previously frozen and unfunded positions, new positions added in the current year, and the reinstatement of vehicle replacements, as well as $5.1 million for service enhancements in the areas of park maintenance, recreation and library programs, and sidewalk repairs.
Resolution Adopting the Fiscal Year 2022/23 Budget
June 21, 2022
IMPACT ON BUDGET:
Citywide budget appropriations for FY 2022/23 total $1,988,106,867, including General Fund budget appropriations of $407,579,587, except as otherwise revised by the City Council.
Respectfully submitted,
Deborah A. Moreno
Finance Director/City Treasurer
Attachment:
1. Resolution