2021-2022 Biennial Operating & Capital Budget

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• Administration & Support Services o Middle mile fiber improvements and enhancements for $619,000 through 2024 Operating Adjustments • An increase in contributions to the Downtown Business Association for funding the Street Faire from $50,000 to $75,000 for both 2021 and 2022. • The addition of $4,900 for implementation of an Employee Mass Notification System. • The addition of $3,000 for Closed Captioning and $1,500 for ASL Interpretation for electronic public meetings. • The addition of $25,000 for a Pay Equity Study and $6,500 for an Employee Survey. • The addition of $120,000 in 2021 for the Old Town Overlay project ($80,000) and Strategic Foresight workshop ($40,000) and $250,000 in 2022 for the Comprehensive Plan Update project. • The elimination of the Nite-at-the-Rec Program in 2021 as a result of the pandemic. The operational budgets for wages, supplies, and services have been removed. Funding for the program has been reinstated for 2022. Long -Term Financial Plan - Projections The base years for the long-term financial planning model is the adopted 2021-2022 Operating & Capital Budget. The model applies the 2023-2026 revenue assumptions, operating expenditure targets, and Capital Improvements Plan to the base years and projects revenue, expenditures, and fund balances (or working capital for proprietary funds) for the years 2023 through 2026. The following discussion summarizes the model's projections for the City's main operating funds: • General Fund; • Open Space & Parks Fund; • Recreation Fund; • Capital Projects Fund; • Utility Funds; and • Golf Course Fund 11