DATE: June 14, 2022
DEPARTMENT: FINANCE
FROM: STEVEN S. CARRIGAN, CITY MANAGER
MARK ROBERTS, DIRECTOR OF FINANCE
TITLE: FISCAL YEAR 2023 Operating and Capital Improvement Budgets and Annual Appropriations Limit RECOMMENDATION:
Staff recommends City Council approve resolutions adopting:
the Fiscal Year 2023 Proposed Operating Budget for the City of Salinas and Successor Agency to the former Salinas Redevelopment Agency; the Fiscal Year 2023 Capital Improvement Budget for the City of Salinas; and a resolution establishing the appropriations limit for fiscal year 2023 at $297,538,255.
EXECUTIVE SUMMARY:
The operating and capital improvement budget transmittal letters summarize and highlight their respective budgets. The operating budget transmittal letter may be found on pages i-xi of the Fiscal Year 2023 Proposed Operating Budget (PDF pages 13-23). The capital improvement budget transmittal letter may be found on pages i-v of the Fiscal Year 2023 Capital Improvement Budget (PDF pages 5-9).
STRATEGIC PLAN INITIATIVES:
The proposed budgets promote and support all of the Council’s Strategic Plan goals: Economic Development, Housing and Affordable Housing, Infrastructure and Environmental Sustainability, Public Safety, Youth and Seniors, and Effective and Culturally Responsive Government.
DEPARTMENTAL COORDINATION:
Development of the budget is a City-wide collaborative effort involving Salinas residents and all City departments.
FISCAL AND SUSTAINABILITY IMPACT:
Below are the summarized totals of the proposed fiscal year 2023 City of Salinas budget.
The proposed fiscal year 2023 City of Salinas budget is balanced with financing sources exceeding financing uses.
ATTACHMENTS:
Fiscal Year 2023 Proposed Operating Budget
Fiscal Year 2023 Capital Improvement Budget
Resolutions
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