Financials

Financials

A message from Our City Manager: 
The FY22 budget is the first constructed on a standard calendar fiscal year.  The move to a calendar fiscal year was the appropriate thing to do for the long-term health of the organization. Aligning the budget with the City’s primary revenue sources makes financial forecasting more accurate, and eliminates project timing challenges. Many capital intensive projects throughout the City are in process in the spring - ending the fiscal year on April 30 created the need for many budget amendments and carryovers, and at times delayed the RFP process. 

For all of the long-term benefits of moving to a December 31 fiscal year end, the short-term disadvantages include difficulty in year-over-year comparisons. Not only was SY21 a shortened eight-month period, the seasonality of our operations exacerbate the variances.  The other anomaly that impacted both FY21 (May 1, 2020 – April 30, 2021) and SY21 (May 1, 2021 – December 31, 2021) was the COVID-19 Pandemic.  This twenty-month period was unprecedented and made revenue budgeting very challenging. 

In spite of all these challenges, I’m proud of the fact that the City continued to provide essential services to our residents and customers, and that City Hall never closed throughout the pandemic.  Providing City services in a safe and responsible manner to this community, co-leading an area wide vaccination site, continuing to make progress on our Strategic Goals, and maintaining fiscal integrity, is a testament to City Staff and the City Council’s leadership.  The impact of the pandemic is ongoing but many positive developments make the future of the City’s operations and finances, less uncertain.