AGENDA CAPTION:
Title
Receive a Staff presentation and hold discussion regarding Fiscal Year 2023 budget process update, FY23 Capital Improvement Program (CIP) and multi-year debt financing plan.
Body
Meeting date: May 17, 2022
Department: Finance/Engineering
Amount & Source of Funding
Funds Required: N/A
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Fiscal Note:
Prior Council Action:
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Background Information:
This is a budget workshop to update City Council on discuss the Fiscal Year 2023 budget process and timeline, review Fiscal Year 2023 CIP process and discuss a multi-year CIP debt financing plan.
Finance staff will present economic indicators, FY22 update on primary revenues in the General Fund, FY23 assumptions and considerations, and budget timeline. Engineering staff will present FY23 CIP process and update. Dan Wegmiller, the City's Financial Advisor will present a multi-year financing plan for CIP.
In regular session, City Council will consider Resolution of Notice of Intent to issue Certificates of Obligation for the FY22 CIP.
Council Committee, Board/Commission Action:
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