HomeMy WebLinkAboutCouncil Presentation 06/21/2022 - FY2023 Final Budget PresentationFiscal Year 2022-2023 Final Budget
6/21/2022
Yiannis Kalaitzidis, Finance Director
FY2023 Budget Timeline
January –Presented preliminary revenue outlook for FY2023
and solicited Council and public feedback
March –Presented initial 5 year Capital Improvement Plan for
consideration and feedback
April –Presented Manager’s recommended comprehensive
budget for consideration and additional feedback
May –Presented and adopted Tentative Budget during public
hearing which set overall expenditure limitation for Town
June –Adoption of Final Budget for Fiscal Year 2022-2023 2
FY 2023 Budget Expenditure Summary
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Primary Entity
2022
Adopted
2023
Recommended $ Change % Change
General Fund $ 55,152,321 $ 73,268,176 $ 18,115,855 32.8%
Special Revenue Funds 10,568,485 10,487,968 (80,517)-0.8%
Capital Projects Funds 36,518,156 69,992,530 33,474,374 91.7%
Debt Service Funds 5,908,375 6,405,137 496,762 8.4%
Enterprise Funds 32,664,211 56,594,941 23,930,730 73.3%
Internal Service Funds 5,067,470 5,289,950 222,480 4.4%
Primary entity 145,879,018 222,038,702 76,159,684 52.2%
Component Units
Special Districts 13,036,512 11,454,435 (1,582,077)-12.1%
Total $ 158,915,530 $ 233,493,137 $ 74,577,607 46.9%
Fiscal year 2022-2023 Overview Summary
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Operating, $95.0M,
41%
Capital Outlay,
$125.3M,
54%
Debt Service,
$13.2M,
5%
Expenditure by Category
$233.5 Million
Sales Tax,
$50.5M, 29%
Intergovernmental,
$60.1M, 35%
Licenses,
Permits &
Fees,
$23.7M, 14%
Charges for
Services,
$11.9M, 7%
Other,
$11.7M,
7%
Bonds/loan,
$15.2M, 9%
Revenues
$161.7 Million
DISCUSSION
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