PROPOSED BUDGET
FISCAL YEAR 2023/2024
City of Marysville | June 6, 2023
PRESENTATION
AGENDA
❖ General Fund Overview
❖ Proposed Changes from
Prior Draft
❖ Next Steps
2 GENERAL FUND OVERVIEW
BALANCES, REVENUES, AND EXPENDITURES
Projected Beginning Fund Balance as of June 30, 2023: $10,950,176 Projected Operating Revenue $14,151,607
Projected Non-Recurring Revenue * $ 1,685,200
Total Revenue $15,836,807
Projected Operating Expenditures $13,434,249
Projected Non-Recurring Expenditures ** $ 8,488,200
Total Expenditures $21,922,449
Projected Surplus/(Deficit) for FY 23-24 -$ 6,086,141
Projected Ending Fund Balance as of June 30, 2024: $ 4,864,035 Projected Reserve Balance as of June 30, 2024: 36.20% 3 * Includes $1,460,200 Grant Revenue & $225,000 One-Time Funds ** Includes $1,519,812 Grant Expenses, $1,108,388 One-time Expenses, $2,160,000 ARPA, & $3,700,000 Street Projects
PROPOSED CHANGES SINCE
MAY 16, 2023, PRIOR DRAFT
Parks
❖ Ellis Lake Water Quality $150,000
❖ Playground Equipment Repairs $25,000
Economic Development
❖ Music Enhancement – Peach Festival $16,000
❖ Tax Ballot Initiative $30,000
Wastewater
❖ Grant Application for Sewer System Eval. $25,000
4 NEXT STEPS
20 June 2023
Final FY 2023/2024 Budget
Workshop
& Recommended Council
Approval
27 June 2023
Tentative City Council
Meeting for
Budget Approval (if not
approved on June 20)
5 Questions and Discussion
6