PUBLIC HEARING - Alison Bong, Deputy Finance Director
Title
Title
Adopt the 2023 General Fund Budget
end
Executive Summary
Pursuant to requirements to adopt annual budgets for all operating funds, Staff is bringing forward the proposed 2023 General Fund Budget for Council consideration and adoption.
Background
Council conducted a public hearing for the proposed 2023 General Fund budget and proposed property tax levy on December 12, 2022. Pursuant to statutory requirements, a public hearing is, again, scheduled for tonight at which the City Council will consider public input and adopt a final levy and budget.
The following resolution reflects the budget as discussed at the December 12 public hearing. No adjustments have been made and the budget as presented herein is recommended for adoption.
Under a separate resolution, and in association with the following resolution, Council adopted the 2023 property tax levy.
Strategic Plan Relationship
Adoption of annual budgets contributes to the overall financial stability of the City.
Board/Commission Review
N/A
Financial Impact
The proposed budget, if adopted, will result in revenues of $41,767,400, a $3,226,900 (8.4%) increase, and expenditures of $41,583,610, a $3,267,825 (8.5%) increase, from the 2022 adopted budget.
Public Outreach/Input
Council conducted a public hearing for the proposed 2023 General Fund budget and proposed property tax levy on December 12, 2022.
Staff Recommendation
By motion, adopt the resolution included herein.
Attachment List
N/A
Body
WHEREAS, a proposed General Fund Budget for the fiscal year commencing January 1, 2023 has been prepared by the City Manager; and
WHEREAS, said proposed General Fund Budget has been prepared and presented to the City Council in accordance with the City Charter of the City of Blaine; and
WHEREAS, the City Council has examined, studied, and reviewed said proposed General Fund Budget; and
WHEREAS, a public hearing was held and conducted in accordance with the truth-in-taxation laws so as to give interested citizens a reasonable opportunity to be heard; and
WHEREAS, the City Council has, after due consideration and deliberation, made such amendments and adjustments in the proposed General Fund Budget as they consider necessary, desirable, or expedient.
NOW, THEREFORE, BE IT RESOLVED by the Blaine City Council as follows:
1. That the proposed General Fund Budget shown below is approved.
2. That the 2023 budget appropriations shown below are approved.
3. That the City Manager is authorized and directed to implement and to administer, within the budgetary funding limits and within adopted City policy and relevant State and City laws and regulations, said approved General Fund Budget.
REVENUES
|
Net Levy |
31,712,000 |
|
Licenses & permits |
2,874,500 |
|
Intergovernmental revenues |
1,626,000 |
|
Charges for services |
5,124,400 |
|
Fines & Forfeits |
220,500 |
|
Investment income |
150,000 |
|
Miscellaneous |
60,000 |
|
Total General Fund Revenues |
41,767,400 |
EXPENDITURES
|
Legislative |
467,760 |
|
Administration |
2,644,360 |
|
Finance |
3,901,080 |
|
Safety Services (net SBM Fire) |
17,595,390 |
|
SBM Fire |
2,361,320 |
|
Public Works |
9,910,130 |
|
Recreation (previously Public Services) |
1,476,890 |
|
Community Development |
2,791,680 |
|
Unallocated Services |
435,000 |
|
Total General Fund Expenditures |
41,583,610 |
PASSED by the City Council of the City of Blaine this 19th day of December 2022.