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11-17-2020 Biennial BudgetRegular Council Meeting November 17, 2020 2021-2022 Biennial Budget Presented by: Ade’ Ariwoola, Finance Director Current Proposed Ordinance 22021-2022 Biennial Budget ◼Current proposed ordinance in council packet reflects the Original Proposed Budget. ◼The Council May move this Ordinance to December 1th for second reading with selected options. 3 Changes Due To Council’s Deliberation 2021-2022 Biennial Budget Item Description 2021 2022 1 Section 108 Debt Payment 231,162 227,075 2 Health Insurance Premium 171,241 3 Lobbyist Contract 60,000 3 Increase to GF Beg. Fund Balance 691,241 4 Reduce GF Expenditure for Jail 3,303,463 3,303,463 5 New Jail Service in Special Revenue 3,303,463 3,303,463 6 Economic Development staff 82,000 7 Consultant for Planner 100,000 8 Inclusion & Diversity Program 70,000 9 Reduction in Non-rep Salary Adjustment 252,000 10 CDBG Grant revenue and expenses 660,000 Council Action 42021-2022 Biennial Budget ▪Consider Amending The Proposed Budget As Outlined Above. ▪Consider First Reading of 2021/2022 Biennial Budget Ordinance As Amended. ▪Consider moving it to December 1, 2020 for Second Reading and final Adoption Questions? Thank You! 52021-2022 Biennial Budget