TO: Mayor and City Council
THROUGH: Keith Stahley, City Manager
FROM: Josh Eggleston, Chief Financial Officer
SUBJECT:
title
Public hearing on the FY 2024 City of Salem Budget
Ward(s): All Wards
Councilor(s): All Councilors
Neighborhood(s): All Neighborhoods
Result Area(s): Good Governance; Natural Environment Stewardship; Safe Community; Safe, Reliable and Efficient Infrastructure; Strong and Diverse Economy; Welcoming and Livable Community.
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SUMMARY:
summary
The City of Salem Budget Committee recommended a budget to the City Council on May 10, 2023. The City Council is required to hold a public hearing on the recommended budget and adopt a final budget prior to July 1, 2023. The City Council may amend the Budget Committee’s recommendation within the following restrictions:
• Property tax levies cannot be increased in total beyond the amount approved by the Budget Committee.
• The recommended expenditures for each fund cannot be increased by more than ten percent (10%).
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ISSUE:
Shall City Council direct staff to return on June 26, 2023, with a resolution to adopt the Budget Committee recommended FY 2024 City of Salem Budget?
RECOMMENDATION:
recommendation
Direct staff to return on June 26, 2023, with a resolution to adopt the Budget Committee recommended FY 2024 City of Salem Budget.
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FACTS AND FINDINGS:
Public Hearing
Pursuant to Oregon Local Budget Law the public hearing on the Budget Committee recommended budget was noticed in the Statesman Journal on June 2, 2023. At the meeting any person may provide testimony for or against any item in the recommended budget document (ORS 294.453).
A fund-level summary of the City of Salem Budget Committee’s recommended budget is attached to this report. Specific details are available in the budget document and supporting materials.
Budget Deliberation and Recommendation
The City Council can deliberate on the recommended budget including on any changes the City Council may want to make within the previously mentioned restrictions.
The City Council is asked to approve the recommended budget on June 12, 2023, in order to provide sufficient time to prepare the necessary resolution for budget adoption on June 26, 2023. The resolution will include any changes approved on June 12, 2023, as well as additional amendments that will be presented on June 26.
Additional amendments include rebudgeted purchase orders and carryover projects. Accounting regulations require the City to rebudget outstanding purchase orders and carryover projects prior to June 30, 2023. A detailed list will be provided to the City Council on June 26, 2023.
BACKGROUND:
Kali Leinenbach
Budget Manager
Attachments:
1. Recommended FY 2024 City of Salem Budget