FROM:
Dave Donery, Town Manager & Jeff Zuba, Finance & Administrative Services Director
SUBJECT:
title
2021-2022 Mid-Year Budget Review
end
RECOMMENDATION
recommendation
That Council approve the attached resolution amending the 2021-2022 Budget.
body
BACKGROUND
On June 22, 2021, the Town Council approved Resolution No. 4395 adopting the 2021-2022 Budget. (June 22 video and materials available here). The approved budget is the annual plan and resource allocation that guides Town spending and ensures implementation of Town Council policies and priorities. The Budget approved in June was based on the best revenue and expenditure information available several months prior to the actual adoption of budget appropriations. As a result, budget adjustments are periodically necessary for changes that arise requiring additional budget appropriations or re-appropriations between budget line items.
DISCUSSION
MID-YEAR BUDGET REQUESTS FROM DEPARTMENTS:
Town staff evaluated and identified a few revenue and expenditure items to bring to the Town Council's attention.
GENERAL FUND:
Description
Adopted Budget
Year-to-Date
Actual
Proposed Changes
Revised Budget
Sales Tax
$1,284,486
$528,236
$115,514
$1,400,000
Construction Permits
900,000
486,383
80,000
980,000
Vehicle Code
10,000
9,466
7,500
17,500
Parking - Data Tickets
50,000
35,970
15,000
65,000
Total Revenues
$2,244,486
$1,060,055
$218,014
$2,437,500
Admin - Outside Services
$255,690
$64,825
$20,000
$275,690
Plan Checking - Outside Services
100,000
80,526
80,000
180,000
Street - Outside Services - Trees
20,000
30,550
30,000
50,000
Parks - Outside Services - Trees
8,000
-0-
100,000
108,000
Total Expenditures/Transfers-out
$383,690
$175,901
$230,000
$613,690
The Town received proposals to hire a tax measure consultant and to conduct public opinion polling. Based on the quotes received from qualified local firms that handle this type of work staff requests that Council authorizes up to $20,000 from t...
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