Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
City staff presents $226M budget; general fund shown at $49.7M
Summary
Finance staff presented the proposed fiscal year 2627 budget, saying all 30 city funds are balanced, the general fund holds a $7.0M reserve and enterprise funds grew mainly from stormwater and Marina items; commissioners pressed staff on conservation funding and pension oversight.
Sarah Campbell, the presenter for the proposed fiscal year 2627 budget, opened the workshop with a high-level summary of the city's finances and the package she will present at public hearings. "All 30 of those funds are balanced," Campbell said, and she told commissioners the city continues to hold a 20% general fund reserve. She presented a total of $226,000,000 across all funds and identified the general fund total as $49,713,000 and the reserve as $7,000,000.
Campbell called out two broad themes driving this year's package: a major expansion of capital work and a planned ramp-up of the stormwater program, and she said enterprise funds — including golf and the Marina — no longer require general-fund subsidies for operations or capital. Commissioners followed with questions on several agenda items, including a proposal to set aside money for land conservation and concerns about large increases in pension-related contractual costs. Staff confirmed public hearings on the millage and budget are scheduled for Sept. 3 (first hearing) and Sept. 15 (final public hearing).
