FY23 FULL BUDGET REPORT ADOPTED

Budget Snapshot * Stabilizing Transition

Where the money comes from

What the money works for

Intergovernmental 28%

General Government

Ad Valorem Taxes 55%

34%

Development Services

10%

$46.2M

PublicWorks

17%

Appropriation Fund Balance 4%

Permits & Fees 5%

Public Safety

30%

Sales & Services 3%

Transfer In/Other Sources 1%

Parks & Recreation

Investment Earnings <1%

6%

Miscellaneous 1%

Restricted 3%

Stormwater 3%

One Cent on Tax Rate = $655K

Residential Tax Base 44%

Commercial Tax Base 56%

AAA Bond Rating

BUDGET & CIP PRIORITIES

KEY HIGHLIGHTS

Tax Rate Increase-$0.39 (3 cents dedicated to Bond Debt)

Intersection & Sidewalk Projects

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• Dog Park & Shiloh Park Renovation Projects • Initiating Stormwater Projects • Smart Shuttle Node & Amenities • ADA Park & Pedestrian Safety • LUP UDO Updates & Affordable Housing • Sustainability Program Expansion • Smart City Mobile App Phase II • Public Safety Radio Replacements • Essential Facility Repairs • Addressing Recruitment & Retention

• Stormwater Fee Increase - $40 per ERU • Vehicle Fee Remains $30 per Vehicle • Conservative Revenue Projections • 2 New Positions (1 General Fund & 1 Stormwater) • Moderate User Fee Adjustments • Use of Fund Balance Reserves • Proactive Asset Maintenance/ Replacement • Operational Optimization

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