City Council Agenda Report
TO: Mayor McCord and Members of the City Council
FROM: Ken Irwin, City Manager
BY: Saadiah Ryan, Finance Director
MEETING DATE: June 21, 2022
ITEM NO: 9.3
SUBJECT: Approve Resolution No. 2022-38 Adopting General Fund and All Other Funds Budgets for Fiscal Year 2022-2023.
RECOMMENDATION
Motion to Approve Resolution No. 2022-38 Adopting General Fund and All Other Funds Budgets for Fiscal Year 2022-2023.
BACKGROUND
A Budget Workshop was held on May 31, 2022, at which time the Proposed General Fund and All Other Funds Budget was reviewed with Council. Council was asked to provide staff direction on any requested changes and was informed that the General Fund and All Other Funds budget would be brought back to Council on June 21th, 2022. The City Council requested increase appropriation to General Fund Public Safety budget by $477,554 related to 2 Deputy Sheriff positions and one-time cost vehicle and equipments, General Fund capital outlay budget by $250,000 related to Centennial Park Design, pre-funding Pension $250,000 and pre-funding OPEB $250,000 to adjust the Proposed General Fund and All Other Funds Budget FY 2022-23 that was presented on May 31, 2022.
The City has approximately 59 Other Funds in addition to the General Fund and its various departments. Other Funds, consists of Enterprise Funds (Water, Sewer, Garbage), Special Revenue Funds - Assessments (Landscape Maintenance Districts, Benefit Assessment Districts, Community Facilities Districts, etc.), Special Revenue Funds (Housing, Streets, Local Transportation Funds, Gas Tax, etc.), and Special Revenue Funds - Impact Fee (Community Facilities, Water, Sewer, Street, Public Safety, etc.).
ANALYSIS
Staff and City Manager have reviewed General Fund and All Other Funds revenue projections and expenditures and are recommending the approval of Resolution No. 2022-xx adopting General Fund and All Other Funds Budgets for Fiscal Year 2022-2023.
FISCAL IMPACT
The total amount of expenditures requested for approval in the FY2022-23 General Fund and All Other Funds budgets is $134,468,002.
Approval of Resolution 2022-xx will establish estimated revenues and appropriate expenditures for General Fund and All Other Funds such as Enterprise Funds (Water, Sewer, Garbage), Special Revenue Funds - Assessments (Landscape Maintenance Districts, Benefit Assessment Districts, Community Facilities Districts, etc.), Special Revenue Funds (Housing, Streets, Local Transportation Funds, Gas Tax, etc.), and Special Revenue Funds - Impact Fee (Community Facilities, Water, Sewer, Street, Public Safety, etc.).