Agenda Item Wording:
title
Public Hearing on, and adoption of, the City of Visalia 2022/23 and 2023/24 multi-year budget. Resolution 2022-43.
body
Deadline for Action: 6/30/2022
Submitting Department: Finance and Technology Services
Contact Name and Phone Number: Renee Nagel, Finance & Technology Director, 713-4375; Amee Swearingen, Financial Analyst, 713-4170
Department Recommendation: That the City Council on June 20, 2022 take the following actions:
? Conduct a required public hearing to receive citizen input; and
? Adopt the City Fiscal Year 2022/23 and 2023/24 Budgets;
Background Discussion:
The City's budget document is comprised of a 2-year operating plan, a 6-year capital improvement program, and an appropriation for debt service and other uses. Moreover, it is a reflection of Council's leadership in shaping the service priorities and goals of the Visalia community while maintaining fiscal prudence and oversight. The budget is a dynamic document that demonstrates to the public our commitment to service and our focus on meaningful work and significant projects.
The proposed budget has been presented to Council in sections at many Council meetings since February. The Capital Improvement Program was presented to Council by Fund from February to March. The Operating and remaining sections were presented during both meetings in May. Below is the link to the FY 2022/23 & 2023/24 proposed budget on the City's website:
https://www.visalia.city/depts/finance/budget_n_financial_reports/default.asp
Staff recommends that the Council adopt a budget by June 30 to comply with the Charter requirements. The charter requires a budget appropriation for all expenditures. However, if Council is concerned or desires further discussion of the budget, further hearings could be scheduled. This would result in the City having expenditures with no appropriation, which is not a desirable or recommended app...
Click here for full text