Finance Committee
February 22, 2023

Finance Committee
February 22, 2023
Appropriation of One-Time
Surplus
Estimated General Fund Surplus
Main Drivers
Sales Tax:
$1.8 M higher
Real Property Transfer Tax:
$4.0 M higher
Expenditures:
$2.5 M lower
Total of $11.9 M surplus (pending final audit)
One
-Time
Funds =
One-Time
Uses
High-Use
facility
Community
Investment
Capital and
Infrastructure Liabilities
Proposed
Allocations
Project Allocation
Navigation Center
Acquisition $ 3,200,000
Enterprise Resource
Planning System $ 1,500,000
Washington Manor Pool
Renovation $ 1,000,000
Pension Trust Payment $ 5,972,500
Median Maintenance $ 272,500
TOTAL $ 11,945,000
Questions and Discussion
for Recommendation