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Topics of Discussion  
Council Work Session
 
Meeting Date:
12/07/2021
2022 City Budget
Submitted By:
Jim Bell
Department:
Division:
Accounting
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
11/01/2021 and 11/16/2021 and 12/07/2021
Audio-Visual Needs:
None
Emergency Legislation?:
No
Motion/Ordinance/
Resolution No.:
Agenda Item Description or Legislation Title
2022 City Budget
Purpose and Background
The current revised draft of the 2022 City Budget is included. The 2022 Budget for the General Fund and Fire Fund are balanced. The Police Fund, Parks & Recreation Fund and Local Street Operating Fund are structurally balanced (current carryover fund balances cover any excess spending in 2022). The current revised draft of the 2022 City Budget totals $99,264,682 for all funds. The 2022 General Fund Budget totals $13,233,500.
The current revised draft of the 2022 City Budget is a reduction of $42,115 in expenses and a decrease of $2,625,629 in revenues (All SVOG revenues received in 2021 and early receipt of Rose Music Center 2022 sponsorship, removed from 2022 Budget). The largest change is an increase of $650,000 for additional water system improvements, including an infrastructure study. A reduction was made to the debt payments for notes that just settled this month of $242,800. A transfer of $107,000 was added to move the grant funds for a demolition at the Marian Meadows property. An addition of $144,500 is now included for capital improvements at the Senior Center, Kroger Aquatic Center and Rose Music Center. An increase of $40,000 was added as a more appropriate estimate for legal expenses. Revenue increases were added related to grant revenues for the demolition and the Fire Division power cots.
The proposed 2022 City Budget ordinance is attached as well as the 2022 Expenditure Budget summary and history of expenses for each fund. Also attached are the detailed revenue estimates for 2021 and 2022 in addition to actual revenues for previous years for each fund.
The current 2022 City Budget ordinance is pending at the third reading for the December 13, 2021 City Council Meeting. The recommendation of City Staff would be to amend the pending ordinance at the December 13, 2021 City Council Meeting to replace the pending ordinance with this ordinance.
Fiscal Impact
Source of Funds:
N/A
Cost:
N/A
Recurring Cost? (Yes/No):
N/A
Funds Available in Current Budget? (Yes/No):
N/A
Financial Implications:
There is no fiscal impact on the current budget since this is the proposed 2022 Budget.
Attachments
2022 Revenue Budget Estimates
2022 Expense Budget Summary
Ordinance - Amended
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