Town of Yountville
Staff Report
6550 Yount Street
Yountville, CA 94599
Agenda Item #: {{section.number}}A
Yountville Town Council Staff Report
DATE: May 7, 2024
TO: Mayor and Town Council
FROM: Brad Raulston, Town Manager; Celia King, Administrative Services Director PREPARED BY: Celia King, Administrative Services Director RECOMMENDATION:
Town Council to review, discuss, and provide direction to staff regarding proposed Biennial Budget for Fiscal Years 2024/2025 and 2025/2026 – Water Utility Enterprise Funds; Wastewater Utility Enterprise Funds; Utility Enterprise Capital Projects Restricted Fund; Capital Projects Related Special Revenue Funds; Capital Projects Fund; Facilities Repair & Replacement Fund; Fleet, Tools and Equipment Repair & Replacement Fund; Updated General Fund Summary Review.
DISCUSSION/BACKGROUND
During the February 6, 2024 Town Council meeting, staff presented budget parameters to begin crafting the Biennial Budget for Fiscal Years 2024/2025 and 2025/2026. The Town Council approved a process to adopt the budget including two budget workshops scheduled for Tuesday, April 16th from 10:30am to 2:30pm and Tuesday, May 7th from 10:00am to 2:00pm in the Town Council Chambers.
Staff has prepared the proposed Biennial Budget for Fiscal Years 2024/2025 and 2025/2026 and will present the full budget via the workshops. The purpose of the workshops is for the Town Council to review the proposed budgets, provide feedback or recommend changes, and understand the Town’s fiscal health and financial plan.
It is also an opportunity for staff and Town Council to receive public comments regarding the proposed budget. o Budget Workshop #2 overview
o Water Utility Enterprise Funds 57 – 61
o Utility Enterprise Capital Projects Restricted Fund 06 o Wastewater Utility Enterprise Funds 62 – 65
o Capital Projects Related Special Revenue Funds:
• State Gas Tax Fund 20
• Measure T Transportation Improvement Fund 25
• Road Maintenance and Rehabilitation Act (SB1) Fund 26 • Measure T Equivalent Fund 27
• Upper Valley Disposal Service Franchise Fees Fund 29
o Capital Projects Fund 50
o Facilities Repair & Replacement Fund 81
o Fleet, Tools, & Equipment Repair & Replacement Fund 82 o Updated General Fund Summary Review
ENVIRONMENTAL REVIEW
Exempt per California Environmental Act (CEQA) Guideline, Section 15061(b)(3)
FISCAL IMPACT
Is there a Fiscal Impact? Yes
Is it Currently Budgeted? N/A
Where is it Budgeted? N/A
Is it Mandatory or Discretionary? Mandatory
Is there a Staff Resource Impact? Yes
STRATEGIC PLAN GOAL
Is item Identified in Strategic Plan? Yes
If yes, Identify Strategic Goal and Objective. Responsible Fiscal Policy: The Town maintains its fiscal health through policies designed to maximize economic opportunities, manage expenses, and ensure prudent reserves. Visionary Leadership: The Town's leadership maintains an open-minded, forward-thinking decisionmaking process. We value engagement and participation from all members of the community as we work together to create policies and plan for the future.
Briefly Explain Relationship to Strategic Plan Goal and Objective. The budget is the Town Council's financial plan of the fiscal year and is developed with goals and objectives to support outcomes related to the Strategic Plan. The budget provides the financial resources that enable staff to complete the work necessary to support those outcomes.