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ITEM 16 |
City Council Memorandum Management Services Memo No. 21-053
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Date: |
May 27, 2021 |
To: |
Mayor and Council |
Thru: |
Joshua H. Wright, Acting City Manager Dawn Lang, Management Services Director |
From: |
Matthew Dunbar, Budget and Policy Assistant Director |
Subject: |
Resolution No. 5476, Adopting the Fiscal Year (FY) 2021-22 Tentative Budget and 2022-2031 Tentative Capital Improvement Program (CIP) and giving notice of the dates and times for hearing taxpayers, for final adoption of the budget, and for setting the tax levies and tax rates |
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Resolution No. 5476, adopting the FY 2021-22 Tentative Budget and the State Auditor General Schedules (Budget forms), is submitted as prescribed by Arizona Revised Statutes 42-17101 and 42-17102. As required, the Budget forms will be published in the Arizona Republic newspaper, as will a notice that the City Council will meet on June 10, 2021, at 6:00 p.m., for the purpose of a public hearing and for final adoption of the FY 2021-22 Budget, and will further meet for the purpose of setting the tax levies on June 24, 2021, at 6:00 p.m. In summary, the FY 2021-22 Budget totals $1,058,074,338 and includes funding for departmental operating budgets of $411,883,447; funding for debt service of $73,753,925; budget for equipment, technology, and vehicle replacements of $5,086,418; and contingencies and reserves in the amount of $198,378,473 in various funds. The capital budget includes $113,260,825 in new appropriation, capital carryforward of $255,461,250, and contingency and reserve funding of $250,000. Included in the projected operating revenues of $510,712,767, is revenue from a property tax levy of $38,056,745 based on a reduced rate of $1.1126 per $100 assessed property valuation, plus $481,455 for
SRP
’s payment to the City in lieu of property tax for a total of $38,538,200. The Proposed Budget is currently online, and the Tentative Budget, Resolution including the Budget forms, as well as the 2022-2031 Tentative CIP, will be available for public review and inspection May 28, 2021, on the City’s official website www.chandleraz.gov or by calling the Budget Division at 480-782-2254. As in past years, section 4 of the Resolution includes certain delegations to the City Manager or designee to transfer funds for specific administrative purposes such as year-end encumbrances, capital project carryforward, and the allocation of personnel budgets to departments following final approval of memorandums of understandings (MOUs) and general employee merit and market adjustments as approved by City Council. The Resolution includes one new delegation, section 4.l., which allows the City Manager or designee to transfer Fire Academy education and training from the non-departmental reserve to the appropriate funds and cost centers. |