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AI-8829     Topics Of Discussion      N.        Council Work Session Meeting Date: 12/06/2022   2023 City Budget Submitted By: Jim Bell Department: Division: Accounting Council Committee Review?: Council Work Session Date(s) of Committee Review: 10/18/2022, 11/07/2022, 11/22/2022, 12/6/2022 Audio-Visual Needs: None Legal Review: Emergency Legislation?: No Motion/Ordinance/ Resolution No.:

Agenda Item Description or Legislation Title 2023 City Budget Purpose and Background The final draft of the 2023 City Budget is included (see attached).  The 2023 City Budget for the General Fund and Local Street Operating Fund are balanced.  The Police Fund, Fire Fund, and Parks and Recreation Fund are structurally balanced (current carryover fund balances cover any excess spending in 2023).  The third draft of the 2023 City Budget totals $104,101,537 for all funds.  The 2023 General Fund Budget totals $16,020,488. The proposed 2023 City Budget ordinance is attached (see attached) as well as the 2023 Expenditure Budget summary and history of expenses for each fund.  Also attached are the detailed revenue estimates for 2022 and 2023, in addition to actual revenues for previous years for each fund. Changes to the 2023 Budget from the first reading to the final reading are as follows:      Revenues increased $262,115      Expenses increased $104,225

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 2023 Revenue Budget Estimates 2023 Expense Budget Summary Ordinance