FY2024 Proposed Budget

largely supported by property taxes, which constitute approximately 67% of the total revenue in this fund (down from 69% in Fiscal Year 2023).

FY2024 Revenues & Other Financing Sources excludes transfers

Miscellaneous, 12%

Other Financing Sources, 1%

Charges for Fees & Services, 2%

Intergovernmental, 7%

Licenses & Permits, 4% Use of Money & Property, 2%

Property Taxes 67%

Other City Taxes, 5%

Prioritization of General Fund expenditures is crucial considering annual salary and benefit growth (generally 3-4% annually), rising supply and material costs, and increased service demands due to a growing population. On the expense side, the Fiscal Year 2024 budget includes an increase of 4.34% in General Fund expenditures. Note that despite the addition of 3.90 FTE property-tax supported positions in this budget the share of Personnel expenditures decreased 1% over Fiscal Year 2023. The overall increase in expenditures is reflective of supplies and services at current service levels costing more, rather than new expenditures being added.

FY 2024 General Fund Expenditures by Category excludes transfers

Services 19%

Contingency, 2% Supplies, 3% Capital Outlay, 2%

Personnel 74%

Enterprise / Business Fund Overview Enterprise or Business Funds refer to specific operations intended to be self-sustaining without the need for subsidy from property taxes or revenue sources other than fee collection directly related to the operation. The budgeted revenues, expenditures, and corresponding fund balances

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