FY2022

rate, the reduction is in the debt service levy and has minimal impact on the General Fund. Staff remains committed to identifying efficiencies that strengthen our operation while continuing to provide the services our community expects and aligning activities with the Council’s Strategic Plan. Enterprise / Business Fund Overview Enterprise or Business Funds refer to specific operations intended to be self-sustaining, or without the need for subsidy from property taxes or revenue sources other than collected fees that are directly related to the operation. The budgeted revenues, expenditures, and corresponding fund balances are detailed in the following table.

Estimated Fund Balance 6/30/20

Unassigned Fund Balance, 6/30/2020

Unassigned Balance as % of Rev & Trans In

Restricted, Committed, Assigned

Estimated Revenues

Transfers In

Budgeted Expenditures

Transfers Out

Fund

Parking Transit

5,977,526

890,000

3,876,341 2,057,535

1,213,100 10,588,341 24,830,493 12,675,393

1,213,100 5,426,641 14,155,735 5,992,518

18% 33% 87% 43% 25% 18% 13% 19% 45%

11,360,399 5,027,545

12,222,897

885,433

5,131,700 10,674,758 6,682,875

Wastewater 12,630,210 3,680,795

10,036,454 6,036,495 9,272,921 4,069,237

Water

10,815,680 3,181,237

Refuse Landfill Airport

3,936,670

6,500

4,033,627

980,065

980,065

7,329,338 1,361,409

5,731,930 1,582,471

26,312,311

24,754,149

1,558,163

373,100

100,000

372,257

32,500

299,005

236,156 399,000

62,849

Stormwater

1,744,660 1,501,200

648,988 2,990,000

1,011,187 6,185,850

612,187

ICHA

10,656,382

10,390,103

51,836

1,341,814

4,844,036

Each of the City's enterprise funds are in varying, yet stable conditions. A 5% water rate increase that was approved in 2019 to take effect in Fiscal Year 2021 was delayed due to the pandemic and will take effect beginning in Fiscal Year 2022 instead. Recognizing the financial pressures many households and businesses are facing due to impacts from COVID-19, no other new rate or fee increases were recommended for the Fiscal Year 2022 budget. Capital Improvement Plan Highlights The capital budget for Fiscal Year 2022 totals $24,803,470 and the five-year CIP totals $184,333,930. The majority of CIP projects in the five-year period improve the local transportation network, municipal utility system, and public parks and open spaces. The five-year program continues to reflect the City Council’s priorities established in previous fiscal years. As funding allows, other non-committed dollars are directed toward critical infrastructure projects and initiatives that address the City Council’s strategic plan priorities .

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