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11-04-2020 2021-22 Biennial Budget2021/22 Biennial Budget Public Hearing City Council Meeting November 4, 2020 Presented by: Adé Ariwoola, Finance Director 2021-2022 Biennial Budget 22021-2022 Biennial Budget FUND/DEPARTMENT Beginning Fund Balance 2022 Revenues 2022 Expenditures Ending Fund Balance Reserve Policy Total General Fund 9,777,443 51,481,709 52,259,152 9,000,001 9,000,000 Special Revenue Funds: Street 727,231 4,549,437 4,776,669 500,000 500,000 Arterial Street 473,435 3,018,000 3,051,111 440,324 100,000 Affordable & Support. Housing Sales/Use Tax - - - - Utility Tax 1,552,593 12,104,294 12,034,394 1,622,493 1,500,000 Solid Waste and Recycling 176,632 556,330 545,844 187,119 Special Studies/Contract 341,927 - - 341,927 Hotel/Motel Lodging Tax 1,335,006 155,000 155,000 1,335,006 200,000 Community Center 1,507,233 2,749,102 2,756,334 1,500,000 1,500,000 Traffic Safety 419,528 2,885,942 2,775,519 529,951 1,200,000 Utility Tax Proposition 1 1,000,000 4,170,276 4,170,276 1,000,000 1,000,000 Performing Arts & Event Center - 2,299,757 2,299,757 - Community Development Block Grant 47,411 758,323 589,046 216,688 Paths and Trails 1,329,437 169,000 - 1,498,437 Technology 56,852 149,250 14,300 191,802 Strategic Reserve 3,000,000 2,000 2,000 3,000,000 3,000,000 Parks Reserve 1,135,793 5,000 15,793 1,125,000 1,125,000 Total Special Revenue Funds 13,103,078 33,571,711 33,186,041 13,488,747 32021-2022 Biennial Budget FUND/DEPARTMENT Beginning Fund Balance 2022 Revenues 2022 Expenditures Ending Fund Balance Reserve Policy Debt Service 3,025,579 2,569,426 2,866,189 2,728,815 Total Debt Service Fund 3,025,579 2,569,426 2,866,189 2,728,815 Capital Project Funds Real Estate Excise Tax 1,767,426 3,670,000 3,437,426 2,000,000 2,000,000 Downtown Redevelopment 2,826,754 - 205,000 2,621,754 Capital Project - Municipal Facilities 290,595 1,000 115,000 176,595 Capital Project - Parks 1,451,591 - 375,000 1,076,591 Capital Project - Surface Water Mgt - 2,060,000 1,767,000 293,000 Captial Project - Transportation 6,010,217 5,570,000 7,773,566 3,806,651 Capital Project Reserve 367,936 - - 367,936 Performing Arts & Event Center - - - - Total Capital Project Funds 12,714,518 11,301,000 13,672,991 10,342,527 Enterprise Funds Surface Water Management 3,031,274 4,930,775 6,116,029 1,846,020 690,000 Dumas Bay Centre 1,500,000 930,211 930,210 1,500,000 1,500,000 Total Enterprise Funds 4,531,274 5,860,986 7,046,239 3,346,020 42021-2022 Biennial Budget FUND/DEPARTMENT Beginning Fund Balance 2022 Revenues 2022 Expenditures Ending Fund Balance Reserve Policy Internal Service Funds Risk Management 920,528 1,196,040 1,486,275 630,293 1,200,000 Information Systems 3,694,008 2,720,687 2,707,608 3,707,088 Mail and Duplication 214,219 135,947 185,007 165,159 Fleet and Equipment 7,232,067 2,300,644 1,919,901 7,612,809 Building and Furnishings 2,103,772 490,355 594,127 2,000,000 2,000,000 Health Insurance 3,077,746 4,966,800 5,256,726 2,787,820 Unemployment Insurance 254,000 6,000 10,000 250,000 250,000 Total Internal Service Funds 17,496,340 11,816,473 12,159,644 17,153,169 Grand Total 60,648,231$ 116,601,304$ 121,190,257$ 56,059,279$ 52021-2022 Biennial Budget 1.3% COLA for GF Non-represented $245k/$252k 2.3 more police officers 3.Study and Design of new shop $250,000/$250,000 4.IT Security infrastructure 5.Additional hours for Park employees Major Items Funded 62021-2022 Biennial Budget 1.Health Premium Increase (2021) -$171k 2.HUD Debt (2021 & 2022) –$460k 3.Jail Service (2021 & 2022) -$3.3 million 4.CD Grant -$660k 5.Risk Management Reserve Change Council Changes CONCLUSION 72021-2022 Biennial Budget Balanced budget Security of persons and properties Employees Red Light Questions? T 82021-2022 Biennial Budget