DATE: June 13, 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: FISCAL YEAR 2024 Operating and Capital Improvement Budgets and Annual Appropriations Limit RECOMMENDATION:
Staff recommends City Council approve resolutions adopting:
the Fiscal Year 2024 Proposed Operating Budget for the City of Salinas and Successor Agency to the former Salinas Redevelopment Agency; the Fiscal Year 2024 Capital Improvement Budget for the City of Salinas; and a resolution establishing the appropriations limit for fiscal year 2024 at $310,220,680.
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-x of the Fiscal Year 2024 Proposed Operating Budget (PDF pages 13-22). The capital improvement budget transmittal letter may be found on pages i-v of the Fiscal Year 2024 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 2024 City of Salinas budget.
The proposed fiscal year 2024 City of Salinas budget is balanced.
ATTACHMENTS:
Fiscal Year 2024 Proposed Operating Budget
Fiscal Year 2024 Recommended Capital Improvement Budget Resolutions
Measure E Comments
Measure G Comments
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