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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 5 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 6 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