Budget & Financial Reports
Adopted/Proposed City Budgets
On June 17, 2019, the City Council adopted a two-year Operating and Capital Budget for Fiscal Years 2019-2020 and 2020-2021 (PDF). However, based on the significant financial impacts to the City caused by the Coronavirus (COVID-19) pandemic, the City Council was forced to make substantial changes to the budgets for Fiscal Years 2019-2020 and 2020-2021 from April to June 2020. Below are links to City Council agenda reports that provide detailed information about the economic impacts to the City resulting from COVID-19, and the steps taken by the City Council to offset these impacts including reducing operating expenditures and employee costs, putting many planned capital improvement and special projects on hold for an indefinite period of time, and eliminating all non-essential spending for the City.
- Agenda Report 4-6-2020 (PDF)
- Agenda Report 4-20-2020 (PDF)
- Agenda Report 5-16-2020 (PDF)
- Agenda Report 6-15-2020 (PDF)
On June 15, 2020, the City Council adopted an amended FY 2020-21 Operating and Capital Budget (PDF) which takes into account a projected $4 million loss in revenues. Notable reductions in spending include $1,053,048 in capital and special projects; $550,450 in operating expenditures; $1,028,270 in employee concessions; and $1,272,624 in use of reserve funds.
Comprehensive Annual Financial Reports (CAFR)
Subsequent to submittal of the City’s Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2019, it came to the City’s attention that some of the demographic information contained on pages 122 – Top 25 Sales Tax Producers and 132 – Top Ten Principal Employers of the report were incorrect. Below is a link to view the corrected version of these pages.
Amended Statistical Pages - 2019 CAFR