City Budget

The City budget is the financial plan for the City’s General Fund for the coming year. The General Fund covers the operating divisions that provide basic City services, such as police and fire service, street and park maintenance, planning, and zoning, to name a few. Preparation of a City budget is mandated by state statute.

+ How is the budget determined?

Wall of awards received by the Finance Department

Finance awards

The budget process matches estimated revenue with projected expenditures for that year. It also determines the General Fund Property Tax portion of the total City tax levy. The General Fund Property Tax is the primary revenue source of the General Fund. In any year, the total City tax levy also includes amounts in addition to that needed to operate the General Fund.

+ Capital Improvement Program (CIP)

Capital improvements are major purchases and/or construction projects that cannot be financed in one year as part of the regular budgeting process because of their expense. They include street construction and reconstruction, storm sewers, water mains, sanitary sewers, and the purchases of large pieces of equipment, such as dump trucks and motor graders.

 

On Dec 1, 2020, the City Council approved the 2021-2030 Capital Improvement Program.

The Capital Improvement Program (CIP) document, which is updated annually and adopted by the City Council each December, schedules these expenditures for the upcoming ten years. It also includes proposed financing for these expenditures, such as the proceeds of General Obligation Bonds and Enterprise Fund operations.

General Obligation Bonds are a city’s primary means of borrowing money. The bonds are "serial," meaning that various amounts of principal are paid off in each year of the bond term. The term of the bonds varies with the City’s needs and the interest rate varies with market conditions at the time the bond is issued.

+ Annual Budget Process

The 2021-2022 Budget Calendar is based on current statutory requirements.

May 1, 2020

Budget work papers for All Funds (General, Enterprise, Vehicle Maint, Special Revenue) will be given to staff.

Mid-May, 2020

Staff meeting to determine the 2021-2030 Equipment, Buildings and Parks projects to be included in the 2021–2022 Proposed Budget.

May 29, 2020

Staff returns Proposed 2021-2022 Budgets to Finance for all funds given out on May 1.

May 29–June 30, 2020

Meetings with City Manager and Department/Division Heads to finalize staff's Proposed 2021-2022 budgets.

Aug 3, 2020

Proposed 2021-2022 General Fund Budget distributed to the City Council.

Aug 12, 2020

Council/Manager Meeting - budget workshop

Sept 8, 2020

Council/Manager Meeting - budget workshop

Sept 15, 2020

City Council certifies 2020 Proposed Property Tax Levy (pay 2021) and sets date for public hearing(s) on 2021-2022 General Fund Budget and tax levy.

Mid-Nov, 2020

Proposed Property Tax (Truth in Taxation) notices sent by County to all property owners in the City.

Dec 1, 2020

Truth in Taxation public hearing(s) on 2021 General Fund Budget and 2021 tax levy. City Council adopts 2021-2022 Biennial Budget, 2021 Tax Levy and 2021-2030  Capital Improvement Program (CIP).