AGENDA CAPTION:
Title
Receive a Staff presentation and hold discussion regarding the Fiscal Year 2021-2022 Financial Update and preliminary Fiscal Year 2022-2023 Budget, and provide direction to Staff.
Body
Meeting date: June 29, 2022
Department: Finance
Amount & Source of Funding
Funds Required: Click or tap here to enter text.
Account Number: Click or tap here to enter text.
Funds Available: Click or tap here to enter text.
Account Name: Click or tap here to enter text.
Fiscal Note:
Prior Council Action: Click or tap here to enter text.
City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
This is a workshop to update City Council on the Fiscal Year 2023 budget process and condition.
In this workshop, City Council will receive information on preliminary revenue projections, cost drivers, and preliminary estimates of budget capacity available for department's supplemental requests.
Next steps: We will continue to refine revenue projections as additional economic information is received. Taxable assessed values will be certified by the Appraisal District on July 25th. The Hays County Tax Assessor / Collector will make the required tax rate calculations for the City. This normally occurs within 2 weeks of certification. These calculated rates determine the range of tax revenue available to the City without requiring an election. The budget policy approv...
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