Financials

Financials

A message from Our City Manager: 
The SY21 Budget differs from prior years budgets in a number of significant ways.  First,  this is a transition budget which moves us from a fiscal year {May - April} to a calendar year model {Jan - Dec}. As such, the budget presented herein is a "stub year" budget, covering an eight-month period from May 1, 2021 to December 31, 2021.  The transition to a new budget period comes with numerous challenges for staff, and makes prior year comparisons more difficult.  However, transitioning to a calendar year budget removes timing differences between the levy and budget process, and annual project lifecycles and improves our financial alignment.

Staff has carefully constructed the SY21 Budget to be consistent with the policies and vision established by the City Council.  The plan for the eight-month stub period is not as aggressive with regard to projects and initiatives as historical budgets have been, due to financial restrictions necessitated by COVID-19.  Head count additions or modifications that result in a net increase in expenditures have been tabled for future years budget consideration. Nevertheless, staff believes the  budget strikes a financially responsible balance, improves customer service, and is responsive to our employees and the residents we serve.