Master Proposed Book FY2023

FY 2023 General Fund Expenditures by Category excludes transfers

Services 18%

Contingency, 1% Supplies, 3%

Personnel 75%

Capital Outlay, 3%

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. Balancing the increasing service demands with other financial pressures, this budget recommends a modest increase of 0.74 FTE property tax supported staff positions. Though this proposed budget is the eleventh consecutive recommended reduction in the property tax rate, the reduction is in the emergency levy and does not impact General Fund operations. Staff remain committed to identifying efficiencies that strengthen our operations while continuing to provide the services in alignment with community expectations and Council’s Strategic Plan. 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 of the City’s enterprise funds are detailed in the following table.

Estimated Fund Balance 6/30/22

Unassigned Fund Balance, 6/30/2022

Unassigned Balance as % of Rev & Trans In

Restricted, Committed, Assigned

Estimated Revenues

Transfers In

Budgeted Expenditures

Transfers Out

Fund

Parking Transit

5,867,389

1,000,000

4,097,573

2,073,050

3,086,434

603,702

2,482,732

36%

5,091,857

4,390,999

8,490,957

400,000

12,215,022

6,408,312

5,806,710

61%

Wastewater

12,411,110 4,791,312

9,975,902

7,918,437 24,695,909 10,112,236

14,583,673

85%

Water

10,926,637 3,126,725

9,408,244

4,166,725 13,436,342

6,675,868

6,760,474

48%

Refuse Landfill Airport

4,474,772

8,125

4,600,849

0

1,019,739

0

1,019,739

23%

7,222,531

1,459,739

5,783,431

6,072,471 22,774,802 21,444,946

1,329,857

15%

385,410

100,000

385,060

32,500

351,170

286,258

64,912

13%

Stormwater

1,715,290

1,101,500

682,768

1,790,000

1,303,882

674,000

629,882

22%

ICHA 10,905,608

0

10,500,330

54,791

6,836,909

1,352,997

5,483,912

50%

22