FY23 FULL BUDGET REPORT ADOPTED

Goal 2: Thriving, Livable Neighborhoods/Obj 2.2 Utilize components within Town guiding documents to plan and provide for current/future infrastructure

Municipal Service District: Town allocation of funds to support the completion of Municipal Service District Projects. The final project, The Gables, is projected for construction in FY2024.

110,000

TOTAL TRANSFERS AND RESERVES

$3,755,000 $12,785,400

Budget Priorities Total

Resource Alignment – Updated Budgetary Priorities Total

$12,785,400

Use of Grants

$62,300

Use of 3 Cent Tax Increment (Bond Projects) Use of Stormwater ERU Fee Increase Use of Existing Capital Project Available Funds Use of Remaining ARPA Funds 1 st Tranche

$1,545,000 $340,000 $343,500 $2,751,500 $1,608,000 $960,000 $2,081,400 $3,093,700

Use of 2/3 Bond Funds & Premiums

Use of Streets PIL or Roadway/Transportation Reserve Use of Fund Balance (General Fund & Stormwater)

Net Total

Note: The net total represents the amount of real budget capacity prior to tax increase, ERU fee increase, and other applied onetime resources.

42