M E M O R A N D U M
To: Honorable Mayor and Town Council
From: Rafael G. Casals, ICMA-CM, CFM, Town Manager
Date: August 26, 2020
Re: Fiscal Year 2020-21 Proposed Budget
(2nd Budget Workshop)
Town Staff has worked diligently in order to provide the Council with a preliminary 2020-21 budget that you initially reviewed on the 1st Budget Workshop held on August 10, 2020. The attached updated Executive Summary, Fund Summaries and Detailed Departmental Budget Spreadsheets reflect Staff changes incorporated since the 1st Budget Workshop.
In the past, Council Members have expressed interest in discussing the upcoming year's budget earlier in the process and prior to the scheduled Budget Hearings. While last year's proposed budget was presented to the Council in July, the COVID-19 pandemic has delayed this year's initial proposed budget presentation to August. Delaying the initial budget presentation to August has allowed time for the State to issue preliminary revenue estimates taking into account COVID-19 impacts and has allowed Staff to prepare a more accurate budget presentation.
Below are the Budget Hearing dates which the Town Council adopted via Resolution #20-45 on July 29, 2020 at the Regular Council Meeting:
DATE
TIME
PLACE
1st Budget Hearing
September 8, 2020
(Tuesday)
7:00 PM
Virtual Meeting
2nd Budget Hearing
September 22, 2020
(Tuesday)
7:00 PM
Virtual Meeting
Please find attached the Fiscal Year 2020-21 Proposed General Fund Budget which is based on a millage rate of 2.6500 mills as adopted by Resolution #20-45.
Additional proposed budgets are provided for the Special Revenue Fund, various Special Revenue project funds, the Capital Projects (Parks) Fund and the Stormwater Utility Fund.
The following table reflects changes to the General Fund Budget as a result of changes from our 1st Budget Workshop (August 10, 2020):
As discussed in detail during our July 29th Council Workshop with the Town's Financial Advisor, a combination of operating ...
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