DATE: MAY 23, 2023
DEPARTMENT: FINANCE
FROM: STEVEN S. CARRIGAN, CITY MANAGER
BY: MARK ROBERTS, DIRECTOR OF FINANCE
DANIELLE CLAYTON, FINANCE MANAGEMENT ANALYST
ABE PEDROZA, FINANCE MANAGEMENT ANALYST
JIM PIA, ASSISTANT CITY MANAGER
DEPARTMENT DIRECTORS AND STAFF
FINANCE DEPARTMENT
TITLE: PRELIMINARY FISCAL YEAR 2024 OPERATING AND CAPITAL IMPROVEMENT BUDGETS RECOMMENDATION:
Staff recommends City Council provide further direction to staff regarding the preliminary fiscal year 2024 operating and capital improvement budgets.
DISCUSSION
The Preliminary Fiscal Year 2024 Capital Improvement Budget and Fiscal Year 2025-29 Capital Improvement Program for the City of Salinas was delivered to the City Council on May 9, 2023. The Preliminary Fiscal Year 2024 Operating Budget was distributed to the Council on May 16, 2023. Below is a summary of preliminary fiscal year 2024 appropriations and transfers.
Operating
CIP
VRF
Total
General Funds
$145,681,850
$7,240,000
$1,340,445
$154,262,295
Other Funds
67,878,762
11,271,300
3,623,815*
82,773,877
Total – All Funds
$213,560,612
$18,511,300
$4,964,260
$237,036,172
* Difference between payments out of & transfers into Vehicle Replacement Fund.
City staff will review the preliminary operating budget and CIP, highlighting major activities and projects, during the City Council meeting.
CEQA CONSIDERATION:
Not a Project. The City of Salinas has determined the proposed action is not a project as defined by the California Environmental Quality Act (CEQA) (CEQA Guidelines Section 15378).
STRATEGIC PLAN INITIATIVE:
Development and adoption of the annual operating and capital improvement budgets achieves the Council 2022-2025 Strategic Goal of Effective Government.
DEPARTMENT COORDINATION:
The annual operating and capital improvement budgets are a collaborative effort of all City departments.
FISCAL AND SUSTAINABILITY IMPACT:
As presented, the City’s preliminary operating and capital budgets total $237.0 million.
ATTACHMENTS (Click on the hyperlinks below):
Preliminary Fiscal Year 2024 Operating Budget
Preliminary Fiscal Year 2024 Capital Improvement Budget and Fiscal Year 2025-29 Capital Improvement Program Page | 4
CITY OF SALINASCOUNCIL STAFF REPORTCITY OF SALINASCOUNCIL STAFF REPORT
CITY OF SALINAS
COUNCIL STAFF REPORT
CITY OF SALINAS
COUNCIL STAFF REPORT