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File #: 22-3109    Version: 1 Name:
Type: Action Item Status: Agenda Ready
File created: 4/28/2022 In control: Town Council Meeting
On agenda: 5/16/2022 Final action:
Title: Adopt FY 2022-23 Operating Budget
Attachments: 1. 1. Notice of Intent to Adopt FY 22-23 FINAL!, 2. 2. Reg Require Adopt Budget

Subject:

Title

Adopt FY 2022-23 Operating Budget

Body

EXPLANATION AND SUMMARY:

 

The Town Manager's proposed budget has been reviewed in detail during three Council budget work sessions on March 14, March 16, and April 18, 2022 and during a public hearing on April 11, 2022.

For FY 2022-23 the Town is expected to experience a general recovery from the COVID-19 pandemic.  The FY 2022-23 budget reflects improving general economic conditions and a return of part of the unusually large surplus recognized in FY 2020-21. 

 

Utilization of this surplus, plus strong tax collections and rising real estate assessments allows the Town to cut the real estate tax rate by $0.0175 (one and three-quarters cents) per $100 to $0.2050 per $100 of assessed value, an 8.0 percent decrease.  The budgets also include increases in salaries, a separate public safety pay plan and other cost increases necessary to meet current economic conditions.


The budget, proposed for adoption as revised for fiscal year 2022-23, in the total amount of $48,712,750, is appropriated as follows for the fiscal year beginning July 1, 2022 and ending June 30, 2023, and is detailed by fund as follows:

General Fund: $30,255,740
Debt Service: $6,423,870
Water and Sewer: $11,501,720
Stormwater: $531,420

Total: $48,712,750

 

Strategic Plan Initiative: Vienna is a fiscally responsible community.

 

Board or Commission of Interest:  N/A

 

Departmental RecommendationRecommend Council adopt the FY 2022-23 budget as presented.

 

Finance RecommendationRecommend Council adopt the FY 2022-23 budget as presented.

 

Purchasing Recommendation:  N/A

 

Town Attorney Recommendation:  The Town has conducted a public hearing on the proposed FY22-23 Budget and the Town Council may adopt the Budget in its discretion.

 

Town Manager's Recommendation:  I recommend the Town Council adopt the operating budget, general fund expenditures, debt service fund expenditures, water and sewer fund expenditures and stormwater fund expenditures, as presented.

 

Cost and Financing:  $48,712,750

Account Number:  various

Decision Needed by This date:  May 16, 2022

 

PROPOSED/SUGGESTED MOTION

Recommended Action

 

"I move to adopt the $48,712,750 operating budget”

 

And

 

“I further move that of the said total, $30,255,740 be appropriated for General Fund expenditures; $6,423,870 be appropriated for Debt Service Fund expenditures;
$11,501,720 be appropriated for Water and Sewer Fund expenditures; and $531,420 be appropriated for Stormwater Fund expenditures."

 

And

 

“I further move that the Town Clerk be authorized to advertise a Notice of Adoption.”

 

Or

 

Other action deemed necessary by Council.