Budget OverviewandAnticipated Impacts
September 22, 2022
Alan Alton
Chief Financial Officer
Internal Budget Development
2 External Budget Input
3 General Budget Guidance
Goal is for balanced budget (Revenues = Expenditures), especially in General Fund Non-GF may spend reserves if within policy limits
Realistic Revenue Estimates
Provide most amount of flexibility for budgeting purposes Expenditures limited in flexibility due to high percentage being salaries and benefits Credit for Vacancies
4 Anticipated General Fund Budget Impacts
5 Infrastructure Needs
City Facilities ($100M+)
Hearn Community Hub (~$20M)
BVGC Capital Upgrades ($7M to $10M)
Stalled Infrastructure Projects ($30M+)
Hearn Interchange
Bike Pedestrian Overcrossing
6