Agenda Date: 09/27/2022
Subject:
Title
2023 Budget Review Follow-up and Discussion
Body
From:
James L. Becklenberg, City Manager
Prepared By:
Tiffany Hooten, Finance Director
PURPOSE:
2023 Proposed Budget follow-up discussion.
PRESENTATIONS:
Staff Presenter(s): Tiffany Hooten, Finance Director and City Staff
Additional Presenter(s): N/A
SUMMARY:
The 2023 Proposed budget was presented to council at a study session on September 9, 2022. This study session is a follow-up to that meeting.
There are four topics to be reviewed this evening:
o Capital Improvement Plan to include Capital Projects Fund, 3A Sales Tax Improvement Fund, Information Technology/Equipment Fund and other funds such as the Impact Fees Fund and Open Space Fund
o 2023 Fee schedule
o Local partnership Funding, and
o American Rescue Plan Act (ARPA)
PRIOR ACTIONS OR DISCUSSIONS:
The 2023 Proposed Budget was discussed at the September 9, 2022 budget workshop.
ANALYSIS:
Staff Analysis
Capital Projects Fund and 3A Sales Tax Improvement Fund
Staff is requesting support from council to move forward with a number of projects utilizing the Capital Projects fund and the 3A Sales Tax Improvement fund. With the additional revenue source, it is important for the city to evaluate needs, identify alignment with allowable use of funds, and to do so transparently. Staff has been developing a lengthy list of needs within the organization and continues to identify eligible and recommended uses of these funds.
Capital Projects Fund: Core projects for 2023
* $4.5 million - Public Works. Dedicated street maintenance funded by the transfer from the General Fund as a result of the fire inclusion as well as HUTF funding.
* $371,340 - Lease Payments
* $475,897 - Information Technology. Includes replacement of computers, servers, storage area network and network infrastructure.
3A Capital Improvement Fund: Core projects for 2023
* $9 million - Streets Capital Maintenance
* $2,550,000 - Internal Services Capita...
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