Multi-Year Financial Plans

2021-2022 Annual Budget



General Fund

Revenues by Type

Expenses by Type

Water & Sewer Fund

Revenues by Type

Expenses by Type

Stormwater Fund

Revenues by Type

Expenses by Type

Splash Dayz Fund

Revenues by Type

Expenses by Type

Other Funds


Revenues by Type

Expenses by Type

Assumptions

Revenues

  • 3.5% increase for property taxes revenues
  • 1.5% increase for sales taxes revenues
  • 2.0% increase for major permit revenues
  • 2.0% increase for major court revenues

Expenditures

  • 2.0% increase for non-civilian salaries
  • 4.0% increase for civilian salaries
  • 8.0% increase for medical insurance
  • 2.0-5.0% increase for supplies and contractual services

Key Points of Projections

  • Maintain balanced budgeting
  • Provide for inflation Costs
  • Maintain staffing and service levels
  • Performing a compensation study to plan for market adjustments
  • Conversative approach to revenue assumptions based on nature of City revenue sources
  • Analyzing sustainability of current service levels of all funds

Long-term Liabilities

  • Maintain Bond Ratings
  • Maintain TMRS and OPEB pension liabilities
  • Maintain debt tax rate
  • Issue debt as needed while using fund balance in excess of 365 days to fund projects
  • Maximize TIRZ growth for infrastructure improvements
  • Develop and implement master plans for directional guidance for City planning