BUDGET SUMMARY
BUDGET AT A GLANCE
Introduction The City’s Budget consists of three major components: its General Fund Budget (general operations), Capital Improvement Program (CIP) Budget, and Special Funds Budget. The General Fund Budget is the City’s fiscal operating blueprint. The Fiscal Year (FY) 2019-20 and 2020-21 General Fund operating budgets are based on revenue
projections and transfer-in of $206,145,891 and $211,628,110, respectively. Departmental operating expenditures and transfers-out for FY 2019-20 and 2020-21 are budgeted at $205,769,153 and $211,283,240, respectively. The FY 2019-20 and 2020-21 operating budgets continue the City’s commitment to fiscal responsibility and effective management. Inflation adjusted appropriations, as budgeted, are $701 per capita, slightly above the $692 ten-year average. As population grows it escalates further pressure on demand for services citywide. The budget is balanced and focuses on key community priorities such as education, traffic, and public safety. The CIP Budget details the acquisition or construction of major capital facilities, infrastructure, or equipment. The CIP Budget is used to account for the receipt and disbursement of funds for specific project related purposes that often span more than one year. Special Funds budgets are used to account for the receipt and disbursement of funds restricted by law or administered for specific purposes. The CIP and Special Funds budgets are detailed in later sections of this document.
A financial summary of the City’s General and Special Funds is provided on the following pages.
FY 2019-21 Proposed Budget
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