Page 85 - Microsoft Word - FY 2021 tax info sheet

BUDGET ACTION SUMMARY

Street and Sidewalk Improvements Fund
 Increased Fund Balance by 24.9%
o Increase in fund balance will allow the City to grow resources for future cash‐funding
of street projects.
Fleet Replacement Fund
 Decreased Fund Balance by 17.1%
o FY 2021‐22 includes the replacement of a fire apparatus at $1.5M.
Facility Capital Replacement Fund
 Decreased Fund Balance by 42.0%
o FY 2021‐22 includes the replacement of air conditioners at Town Hall and
replacement of generators at Fire Station #2, Fire Station #3, and the MSC.
Drainage Utility Fund
 Decreased Fund Balance by 16.7%
o Budget includes one‐time capital project fund transfers for the Stream Bank Erosion
Study project for $100,000 and a Bear Creek Culvert project for $325,000.

Non‐Financial Changes from Prior Year:

This section describes changes that impact either line items or department budget amounts, but have a
neutral impact on the overall budget and therefore are considered non‐financial:

 Community Development – In FY 2020‐21, Community Development will be broken out into three
by adding a Code Enforcement division. Prior to FY 2020‐21, Community Development was
comprised of two divisions: Planning and Zoning and Building and Construction Services and Code
Enforcement was included in the Building and Construction Services budget.
 Water & Wastewater Utility Fund – Starting in FY 2020‐21, Attorney and Legal Services will be
moved from Water & Wastewater Administration division to the Water & Wastewater Non‐
Departmental division. The Non‐Departmental Division reflects expenditures for the entire fund,
such as attorney services.

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