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Presentation and discussion of the Proposed FY 2022-23 Operating Budget and Capital Program, and discuss all funds of the City, including but not limited to General Fund, Debt Service Fund, Internal Services, Enterprise Funds, Special Revenue Funds, Component Units, Related Entities, Debt and Debt Obligations, Capital Improvement Program, and related and associated items; and take action to direct the City Manager to make changes to said Budget. Jarrett Atkinson, city manager, gave a presentation on the proposed FY 2022-23 Operating Budget and Capital Program and answered questions from City Council. Discussion included, but was not limited to, FY 2021-22 year report, FY 2022-23 executive overview, unemployment rates, inflation, oil and natural gas pricing, insurance, excess reserves and policy levels, property tax, sales tax, rate schedules and fee changes, historic staffing levels and staffing changes, street maintenance, capital program, vehicles, equipment, proposed compensation adjustments, funding sources, expenses, and debt profile. Blu Kostelich, chief financial officer, gave a presentation on investment earnings and answered questions from City Council. Mr. Atkinson further presented on the General Fund, consisting of: Administrative Services, City Attorney, City Council, City Manager, City Secretary, Facilities Management, Finance, Human Resources, Internal Audit, Non-Departmental, Cultural & Recreational Services (including Libraries, Museums, and Parks & Recreation), Development Services (including Building Safety, Code Enforcement, Environmental Health, and Planning), Public Works (including Engineering, Solid Waste, Streets, and Traffic), and Public Safety (including Animal Services, Lubbock Fire Rescue, Lubbock Police Department, Municipal Court, and Public Health). Shaun Fogerson, fire chief; Wood Franklin, division director of public works; Colby VanGundy, director of parks and recreation; and Judge Jorge E. Hernandez, municipal court judge, gave comments and answered questions from City Council. Joe Jimenez, financial planning & analysis manager for LP&L, gave a presentation on the proposed FY 2022-23 Operating Budget and Capital Program for Lubbock Power & Light and answered questions from City Council. Discussion included, but was not limited to, the LP&L revenue and expense summary and the rate model. Discussion ensued among City Council regarding the presentation, requests for additional information on various topics, and further direction to the city manager, as it relates to the proposed budget. |