7. Staff Report - 2024 Preliminary Budget
Staff Report
Date of Meeting: July 5, 2023
For: Honorable Mayor and Council
From: Kyle Morell, City Administrator
Subject: 2024 Preliminary Budget Presentation
Background:
Staff has worked to present a preliminary 2024 budget for Council to review. The Capital Investment
Committee met twice to review the CIP funds and discuss future projects. Their recommendations
have been included in the CIP fund budgets. The General Fund budget was prepared using past
revenue and expense practices and a six-month review of 2023 spending as guides for future revenue
and expense projections.
Staff has prepared a 2024 Preliminary Budget presentation outlining the recommendations of the CIP
Committee, details the 2024 revenues and expenses for each CI P fund, outlines the assumptions
made in assembling the preliminary budget, and looks forward to our next budget discussion.
Also included are the individual CIP Fund documents and a Summary Budget document that shows
the complete levy picture and the proposed 2024 tax rate.
Recommendation:
No action is required from Council at this time. The budget has been presented for review and
comment.
Attachments:
2024 Preliminary Budget Presentation
CIP Fund 401
CIP Fund 404
CIP Fund 406
CIP Fund 408
2024 Preliminary Budget
Summary Budget