Staff recommends City Council hold a public hearing and adopt the Fiscal Year 2023 Proposed Budget as presented and attached.

On May 2nd, 2022, the City Council was presented with the proposed budget for FY23. At that time, the budget and presentation were also made available to the public on the City's website at www.billingsmt.gov/finance. Over the course of 5 work sessions in May and June, the City Council was presented with detailed departmental budget information, and provided feedback and asked questions.

At the June 6 City Council Work Session staff was directed to add $100,000 of budget authority to the Capital Replacement Fund to purchase two Mobile Response Team vehicles for the Fire Department.

The attached, proposed FY23 budget contains the additional $100,000 of budget authority from the Capital Replacement Fund.

City Council also provided proposed amendments prior to budget adoption. The proposed amendments are attached and may be offered as amendments to be voted upon during the budget adoption. Additional amendments to the FY23 budget may be made by any Council Member during budget adoption.

City Council may:

• Approve the budget as proposed; or,
• Amend the budget as proposed; or
• Not Approve the proposed budget, and provide direction to staff to bring other options for Council to consider

The attached exhibit shows the fiscal impact per fund. The overall budget is $503,715,782.

FY23 Budget Category	Expense
Personal services	$103,398,306
Operation & maintenance	100,493,769
Capital	238,769,549
Debt service	24,049,337
Transfer to other funds	37,004,821
Total FY23 Budgeted Expenses	$503,715,782

FY23 Budget by Department