Title
HOLD a public hearing on the proposed Fiscal Year 2023 Annual Budget and proposed rate changes in the Code of Ordinances Chapter 24, Solid Waste and Chapter 30, Water, Sewers and Sewage Disposal.
Summary
DATE: September 6, 2022
TO: Kent Cagle, City Manager
FROM: Miranda Drake, Director of Budget
SUBJECT: Hold a Public Hearing on the FY 2023 Proposed Annual Budget and Proposed Rate Changes for Water and Sewer and Solid Waste
BACKGROUND AND FINDINGS:
FY 2023 Proposed Annual Budget -
City Council provided motions of direction for the following changes or they are necessary changes to the proposed FY 2023 Budget:
General Fund -
Description
Revenue
Expenditure
FY 2023 Proposed Budget -
$112,540,353
$112,540,353
Add: ARPA Funded Program - Youth Employment Program
216,567
216,567
Add: ARPA Funded Program - Downtown Events
50,000
50,000
Add: 1Star Foundation Grant revenue and expense
73,500
73,500
Add: Cost for additional election (offset by interest income)
15,000
15,000
TOTAL
$112,895,420
$112,895,420
CDBG Fund -
Description
Revenue
Expenditure
FY 2023 Proposed Budget -
$3,401,667
$3,413,717
Add: Allocate to approved programs
320,048
Remove: Reserve appropriation
(808,542)
Add: Allocate to approved programs
588,634
Remove: Reserve appropriation
(112,190)
TOTAL
$3,401,667
$3,401,667
HOME Fund -
Description
Revenue
Expenditure
FY 2023 Proposed Budget -
$2,626,515
$2,626,396
Remove: Reserve appropriation
(666,267)
Add: Allocate to approved programs
666,386
TOTAL
$2,626,515
$2,626,515
Tax Increment Fund -
Description
Revenue
Expenditure
FY 2023 Proposed Budget -
$691,085
$0
Decrease: Tax revenue
(46,314)|10 10| TOTAL
$644,771
$0
Governmental CIP Fund -
Description
Revenue
Expenditure
FY 2023 Proposed Budget -
$10,537,582
$18,824,952
Add: Traffic Monitoring Center Upgrade - ARPA Funded
132,287
132,287
Add: Speed Mitigation Measures Throughout City - ARPA Funded
250,000
250,000
Add: Trail Upgrades (4 trails @ $25,000 each) - ...
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