Budget & Financial Reports
Adopted/Updated Two-Year Budget
During a public workshop held on May 22 and 24, 2021, the City Council received public input and reviewed, discussed, and provided direction on the proposed Fiscal Years 2021-2022 and 2022-2023 Operating and Capital Budget; Community Support Program funding requests; Capital and Special projects; Unfunded Special projects; Measure Q Fund; and Reserves.
On June 21, 2021, the City Council adopted a two-year Operating and Capital Budget for Fiscal Years 2021-2022 and 2022-2023 (PDF). The final budget document reflects an Operating and Capital Budget of $28.4 million in Fiscal Year (FY) 2021-22; and $29.7 million in FY 2022-23. The budget reflects a projected General Fund Contingency for FY 2021-2022 of 19.92% (73 days of operations), and 18.51% (67 days of operations) in FY 2022-23.
On June 20, 2022, the City Council updated the second year of the Fiscal Years 2021-2022 and 2022-2023 Operating and Capital Budget. The updated FY 2022-2023 budget document reflects an Operating and Capital Budget of $31.9 million with a projected General Fund Contingency of 24.04% (88 days of operations.)
Coronavirus Pandemic Financial Impacts
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)