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Item 1.
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| City Council Work Session | |
| Date: | 04/26/2021 |
| Title: | FY22 Budget Overview |
| Presented by: | Andy Zoeller, Finance Director |
| Department: | Finance |
| Presentation: | Yes |
RECOMMENDATION
Staff will provide an overview of the proposed FY22 City of Billings budget.
BACKGROUND (Consistency with Adopted Plans and Policies, if applicable)
City Administration will begin budget presentations with an overview of the proposed FY22 budget. Each year the City Administrator along with City staff present the budget to City Council, with the goal of adopting an annual budget in June. This process began late in 2020, when City Council adopted the Capital Improvement, Equipment Replacement, and Technology Replacement Plans. The budget overview will occur on Monday April 26th followed by individual department presentations on May 17, 18, and 19. The proposed budget summary found beginning on page 20 of the proposed budget document (attached) provides a comprehensive overview of the proposed FY22 budget. The proposed budget can also be found online at https://www.ci.billings.mt.us/475/Budgets-Financial-Reports
ALTERNATIVES
No Council action will be required at this meeting.
FISCAL EFFECTS
After multiple presentations, the budget will be proposed to City Council for adoption at the regular June 28th City Council meeting. The current proposed budget for FY22 is $463,995,349.
A summary by fund can be found on pages 20-38 of the attached budget proposal.
A summary by fund can be found on pages 20-38 of the attached budget proposal.
| Expense by Type | FY22 Budget |
| PERSONAL SERVICES | 95,401,386 |
| OPERATION & MAINTENANCE | 94,585,539 |
| CAPITAL | 198,425,660 |
| DEBT SERVICE | 28,250,584 |
| INTERFUND TRANSFERS | 47,332,190 |
| Total FY22 Proposed Budget | 463,995,349 |