REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Sean Joyce, Interim City Manager
VIA: Dahle Bulosan, Chief Financial Officer
PREPARED BY: Serena Bubenheim, Finance Manager - Budget
Subject:
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Consider adopting Resolution 2022-28 to adopt a Budget for the City for Fiscal Year 2022/2023, Resolution 2022-29 establishing the Gann Appropriation Limit, Resolution 2022-31 levying a Retirement Property Tax, Resolution 2022-34 amending the Classification Plan, Resolution 2022-35 updating the Master Fee and Charges Schedule (Supplemental Fee Resolution 16); and, authorize Professional Services included in budget to be representative of services projected, approve budget adjustments and authorize the purchase of one Urban Search and Rescue (USAR) Heavy Rescue Vehicle
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Statement of Issue:
The City Charter of the City of Huntington Beach requires a Public Hearing prior to the adoption of the City's annual budget. The City Charter further requires adoption of the annual budget by June 30, 2022, for Fiscal Year (FY) 2022/2023.
Financial Impact:
Proposed Budget: The Fiscal Year 2022/2023 Proposed Budget is a structurally balanced budget. The All Funds Proposed Budget equals $532.0 million, including a General Fund Proposed Budget of $269.0 million. Individual departmental and fund-level appropriations are contained in the attachments herein.
Employee Tax Override: Pursuant to Chapter 3.07 of the Municipal Code, the Proposed Budget for Fiscal Year 2022/23 assumes the continuation of the Retirement Tax Cap of $0.01500 per $100 of assessed value. As of the most recent audited financial statements, this tax rate resulted in $7.7 million in revenue in Fiscal Year 2020/21. This recurring revenue source is included in the Proposed FY 2022/23 Budget.
Citywide Master Fee and Charges Schedule: Citywide user fees and charges generate approximately $20 million in annual revenue across all funds. These fun...
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