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BUDGET MESSAGE SECTION 2 <br /> <br /> <br />GENERAL FUND FORECAST <br />Completing a multi-year forecast for the General Fund, and other key operating funds, is <br />a critical budgetary tool providing a long-term view of revenues and expenditures <br />assisting the City Council evaluate the impacts of policy choices on the long-term fiscal <br />health of the City. The multi-year forecasting model enables the City Council to act <br />strategically and understand the long-term impact of its decisions. As shown below, the <br />City faces future operating deficits, in part based in cyclical recessions, that will need to <br />be addressed in future budgets. Strategies to manage ongoing costs are already being <br />developed and are included in the budget. <br /> <br /> <br /> <br /> <br />Investment <br /> <br />2021-22 <br />Proposed <br />Budget <br />2022-23 <br />Proposed <br />Budget <br />Financial software system <br />Information Technology <br /> <br />- <br /> <br />$1,400,000 <br />Financial software system annual maintenance <br />Information Technology <br /> <br />- <br /> <br />$150,000 <br />Fee study <br />City Manager’s Office <br /> <br />$125,000 - <br /> <br />Parks study/assessment <br />Recreation & Human Services <br /> <br />$150,000 - <br /> <br />Pension reserve <br />Non-departmental <br /> <br />$5,000,000 - <br /> <br />16 <br />49