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Item 30 - Fiscal Year 2021-2022 General Fund - First Quarter Budget Update
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01/18/2022 Regular & Special SA
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Item 30 - Fiscal Year 2021-2022 General Fund - First Quarter Budget Update
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8/16/2023 3:05:08 PM
Creation date
8/16/2023 3:04:58 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Clerk of the Council
Item #
30
Date
1/18/2022
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General Fund Performance <br />F Y 2 0 -2 1 S a l e s T a x a n d B u s i n e s s T a x p e r f o r m e d b e t t e r t h a n a n t i c i p a t e d <br />Parks and Libraries were not at full service <br />Staff vacancies remained vacant <br />Pandemic priorities funded by CARES supplanted regular operations <br />Departments were more careful and controlled spending during pandemic uncertainty <br />F Y 2 0 -2 1 E x p e n d i t u r e S a v i n g s d u r i n g t h e P a n d e m i c <br />T h e u p d a t e d S a l e s T a x e s t i m a t e f o r F Y 2 1 -2 2 m e a n s t h e C i t y d o e s n o t <br />n e e d t o u s e G e n e r a l F u n d b a l a n c e f o r t h e F Y 2 1 -2 2 o p e r a t i n g b u d g e t <br />F i n a l R e s u l t : T h e F Y 2 1 -2 2 b u d g e t i s b a l a n c e d , a n d t h e G e n e r a l F u n d <br />h a s $4 2 m i l l i o n a v a i l a b l e f o r o n e -t i m e s p e n d i n g <br />3
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