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Finance committee forwards balanced $19.71 million budget to full board and keeps tax rate unchanged
Summary
The finance committee recommended the proposed fiscal year budget — $19.71 million in operating revenues and matching expenditures — to the full board, with a fund balance around 29% and no tax-rate increase (1.3212). Committee noted reduced capital spending but continued transfers for future police and fire facilities.
The finance committee reviewed and recommended forwarding a structurally balanced proposed budget for the coming fiscal year, with operating revenues and proposed expenditures both listed at $19,710,000, staff said.
Staff said the city is projected to maintain an ending fund balance at roughly 29% (the city’s minimum policy is 15%) and that one-time capital requests were pared down to about $245,000 (including a fire truck, a police vehicle and a pool sand-filter replacement). The committee noted available grant opportunities for police and fire one-time requests and said those expenditures will occur only if grants are awarded.
The water and sewer enterprise fund was highlighted: staff said the water treatment plant is expected to be completed by Dec. 4 of this year, and enterprise operations are structurally separated from the general fund. The committee also noted a $30,000 animal-shelter HVAC completion and a 3% step increase for staff wages tied to the pay-scale plan.
The committee voted to recommend the departmental budgets to the full board and confirmed there will be no tax-rate increase (the rate cited in committee was 1.3212). The items will appear on the full-board agenda for final adoption.
