Dahlonega City Manager's Proposed Budget for Fiscal Year 2024
Explore the City of Dahlonega's proposed budget for Fiscal Year 2024, focusing on enhancing service levels with conservative fiscal management. Highlights include no utility rate increases, continued debt reduction, and operational requests for various departmental enhancements. Discover the guiding financial principles and next steps in the budget approval process.
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Presentation Transcript
CITY MANAGERS PROPOSED BUDGET Fiscal Year 2024 July 10, 2023 City of Dahlonega
The approach to the FY2024 continues the City of Dahlonega s effort to enhance current service levels with continued conservative fiscal management. Approach
Guiding Financial Principles ENHANCE PROGRAMS MAINTAIN FUND BALANCE RESERVES AND MEET COVERAGE RATIOS INVEST IN CAPITAL AND LIFECYCLE REPLACEMENT PROJECTS BALANCE REVENUE SOURCES AND USES
FY2024 Budget Highlights No utility rate increases proposed (not fully funding replacement fund) Continued debt reduction Continued growth of staff: Added position: 1 FT Police Officer (tentative pending digest information) 5-Year Capital Improvement Program drafted
FY2024 Operational Requests Plan review table and associated software Cemetery software IT enhancements and equipment (servers) Combine 2 PT positions to create 1 FT position Streets Dept. COLA for staff - 3% minimum
FY2024 Budget Currently sits at just over $23,000,000 Uses reserves where appropriate Supports goals of the organization and strategic priorities All funds balance with the exception of General Fund and General Government Capital Projects Unable to finalize until we receive the digest from the Tax Commissioner s Office Based on the prior year Unknown new growth Unknown impact of appeals
FY2024 Budget Next Steps July 11thand July 12th August 1st public hearing August 21st adoption of the budget resolution, establish millage rates, adopt rates/fees; approval of any needed budget contracts As soon as the digest is received, finalize the budget and publish draft Week of July 17th Review the budget revenue forecasting process Brief overview of operational budget requests Review capital programs with the council Provide documents to council and post for public
