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Attachment E
<br />80 The following pages outlinethe proposed 2023 budget and its financial impact. They also provide
<br />81 details of my budget prioritiesand recommendations for new spending.
<br />82
<br />83 The proposed 2023 budget totals $63,390,240 and represents about an 8.6%increase from 2022
<br />84 due to higher personnel and supply costs as well as increased capital equipment purchases.
<br />85
<br />86 Below is a chart showing how the 2023 budget is allocated to different categories. Personnel
<br />87 Services comprise the largest amount of the budget followed by Other Services and Charges and
<br />88 Capital Outlay.
<br />89
<br />90 Figure 1
<br />91
<br />92 Traditionally, the city budget is divided into two categories:Property Tax-Supported and Fee-
<br />93 Supported. It is important to note that there is fee revenue for items in the Property Tax Supported
<br />94 portionof the budget. However, the single-largestfunding source does come from property taxes.
<br />95 Below is a table showing the breakdown between property tax levyand fee revenuesfor major
<br />96 city functions in the 2023 budget.
<br />97
<br />Budget Funding Sources
<br />ProgramProperty+/- OtherTotal
<br />FunctionRevenueTaxesSourcesSources
<br />Police$ 1,528,900$ 8,872,638$ 514,867$ 10,916,405
<br />Fire 1,249,000 4,142,903 (496,860) 4,895,043
<br />Parks & Recreation 3,225,010 5,713,041 801,760 9,739,811
<br />Public Works 1,814,818 4,204,874 1,273,961 7,293,653
<br />Administrative Services 937,599 2,786,621 509,343 4,233,563
<br />Information Technology 693,864 110,677 102,000 906,541
<br />General Facilities - 776,000 492,400 1,268,400
<br />Water, Sewer, Storm 16,009,929 - 2,075,055 18,084,984
<br />Other 6,772,490 - (720,650) 6,051,840
<br />Total $ 32,231,610$ 26,606,754$ 4,551,876$ 63,390,240
<br />* Other Sources include: license center fees, building permit fees, revenues from regional
<br /> collaborations, interest earnings, and use of reserves. Negative balances in Other Sources
<br /> category depicts funds set aside for future capital replacements.
<br />98
<br />99 Figure 2
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