Loading...
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