Item 4A - 2021 Budget Appropriations PresentationCity of Boulder
Finance Department
Ordinance 8511 –Adjustment to Base 2
Supplemental Appropriations to the 2021 Budget
November 30, 2021
1
Mark Woulf, Senior Budget Manager
City of Boulder
Finance Department
•Overview of 2021 Budget and Budget Cycle
•Summary of Previous Budget Adjustments
•Overview of Recommended Adjustments
•Summary of Future Budget Conversations
Agenda
2
City of Boulder
Finance Department
Sustainability + Resilience Framework
Council Retreat & Priorities Set
Department Work and Budget Planning
Central Budget Development
Executive Budget Team Review
Council Study Session
Public Hearing/First & Second Reading/ Adoption
Typical Budget Cycle
3
January
January -
May
May-June
June-July
August-
September
October
First
Adjustment-to-Base
(ATB1)
Second
Adjustment-to-Base
(ATB2)
City of Boulder
Finance Department
•$341,743,592 Total; $146,937,662 General Fund
-Reflected continued service and staffing reductions amid a cautious revenue
environment
-Focused on providing and maintaining basic services while making investments in
key community support areas
•Adjustments in 2021 reflect a faster economic recovery than anticipated
and allowed for the gradual restoration of services
2021 Adopted Budget Overview
4
City of Boulder
Finance Department
2021 Budget Adjustments Summary
ATB1 –May
•Operating carryover
•Beginning of phased service restorations
•Dollars for encampment management and ambassador program
Special Adjustment –September
•Additional service restorations
-Library hours and arts programming
-Recreation services & urban parks maintenance
-Human services support programs
-Restorative payment to city employees
•Initial American Rescue Plan Act (ARPA) allocations
-Digital divide support
-Utility bill assistance
-Economic recovery
-Other critical human service needs
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Special Adjustment –February
•Appropriation of General Fund reserves to fund implementation of Ordinance 8412-Legal Representation Provided in Cases of Eviction
•Long-term rental tax to fund eviction prevention legal assistance services and repay General Fund over three years
City of Boulder
Finance Department
•General Fund -$6,270,937
-$5,445,375 from additional revenue
-$825,562 from fund balance
•Restricted Funds -$12,224,987
-$2,629,309 from additional revenue
-$9,595,678 from fund balance
-23 funds
2021 ATB 2 Appropriations Request
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Type of Request -All Funds Amount
Donation/Gifts Revenue $ 168,402
Fund Balance $ 10,421,240
Grant Revenue $ 1,115,497
Other Revenue $ 6,790,785
Total $ 18,495,924
City of Boulder
Finance Department
•Telecommunications Fund Transfer and Workplace Transformation –$1,830,000
-City fully migrated to a combined phone-computer system
-Telecommunications Fund transfer to the Computer Replacement Fund will properly reflect future system improvements
-$330,000 appropriated for equipment replacement needs to support the City’s hybrid workplace transformation
•Boulder Fire-Rescue Overtime Costs –$250,000
-Approx. $738,000 in projected overtime costs above budget due to staffing and budget constraints
-Vacancy savings and additional fund balance appropriation to fund overtime overage
-Finance and Fire-Rescue will work closely to monitor and develop strategies and overtime projections prior to 2023
•Pearl Parkway Property Acquisition –$4,900,000
-5125 Pearl Parkway purchase in alignment with the Facilities Master Plan
-Funding split between five funds supported by the Transportation, Utilities, and Facilities & Fleet departments
Highlighted ATB2 Requests
7
City of Boulder
Finance Department
•Community, Culture, Resilience, and Safety Tax Renewal
-Adjustment to reflect tax revenue and appropriate to initial projects
-Q1 2022
•Adjustment-to-Base 1 –2022 Budget
-May 2022
•2023 Budget Development
-Financial update and projections, budget process improvements (Q2 2022)
-Recommended 2023 Budget study session (August-September 2022)
-Public Hearing and First/Second Reading (October 2022)
Future Budget Discussions
8
City of Boulder
Finance Department
•Motion to adopt Ordinance 8511, approving supplemental appropriations to the
2021 Budget.
Recommended Motion
9