Staff will provide an overview of the proposed FY23 City of Billings budget. 

City Administration will begin budget presentations with an overview of the proposed FY23 budget (see attached presentation). 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 2021, when City Council adopted the Capital Improvement, Equipment Replacement, and Technology Replacement Plans. The budget overview will occur on Monday May 2nd followed by individual department presentations on May 2, 3, 16 and 17.

The proposed budget summary found beginning on page 1 of the proposed budget document (attached) provides a comprehensive overview of the proposed FY23 budget. The entire proposed budget can also be found online at https://www.ci.billings.mt.us/475/Budgets-Financial-Reports

No Council action will be required at this meeting.

After multiple presentations, the budget will be proposed to City Council for adoption at a regular City Council meeting in June. The current proposed budget for FY23 is $503,289,719. A summary by fund can be found on pages 1-14 of the attached budget proposal. 
 

FY23 Budgeted Expense By Class	FY23 Budget
Personal Services	$103,398,306
Operation & Maintenance	100,493,769
Capital	238,669,549
Debt Service	24,049,337
Interfund Transfers	36,975,888
Total FY23 Proposed Budget	$503,586,849