DATE: may 3, 2022
DEPARTMENT: DEPARTMENT OF FINANCE
FROM: MARK ROBERTS, DIRECTOR OF FINANCE
TITLE: FISCAL YEAR 2023 Operating and capital budgets
RECOMMENDED MOTION:
No action is required. This report is for informational purposes only.
DISCUSSION:
The Fiscal Year 2023 Capital Improvement Budget and Fiscal Year 2024-28 Capital Improvement Program (CIP) for the City of Salinas was delivered to the City Council on April 28, 2022. The Fiscal Year 2023 Preliminary Operating Budget will be presented to City Council at its Study Session scheduled on May 17, 2022 and is expected to be distributed to the Council on May 10, 2022. Below is a summary of preliminary fiscal year 2023 appropriations and transfers.
Operating
CIP
Total
General Fund
$103,489,528
$7,275,010
$110,764,538
Measure E Fund
11,948,222
680,000
12,628,222
Measure G Fund
18,702,985
4,237,110
22,940,095
Total – General Funds
$134,140,735
$12,192,120
$146,332,855
Other Funds
61,767,069
24,059,934
85,827,003
Total – All Funds
$195,907,804
$36,252,054
$232,159,858
City staff will review the CIP, highlighting major projects, and the preliminary operating budget during the Finance Committee meeting.
FISCAL AND SUSTAINABILITY IMPACT:
As presented the City’s preliminary operating and capital budgets total $232.2 million.
ATTACHMENTS:
Fiscal Year 2023 Capital Improvement Budget and Fiscal Year 2024-28 Capital Improvement Program Fiscal Year 2023 Budget Summary
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CITY OF SALINAS
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CITY OF SALINAS
Finance Committee