HomeMy WebLinkAboutProposed Budget for Fiscal Year 2024Capital Improvement Fund - 55
FY2022 FY2023 FY2024
Actual Original Budget Original Budget
Revenues
Total Revenue 27,262$ -$
Expenditures
Operating
Administration -$
Fire -$
Police -$
Parks -$
Total Operating -$ -$ -$
Capital
Administration -$
Fire -$
Police 702,428$ -$
Parks -$
Total Capital 702,428$ -$ -$
Carryforward - Operating
Administration
Fire
Police
Parks
Carryforward - Operating -$ -$ -$
Carryforward - Capital
Administration -$
Fire 9,551,574$ 4,922,579$
Police 4,773,665$ 3,213,218$
Parks 24,076$ -$
Carryforward - Capital -$ 14,349,315$ 8,135,797$
Total Carryforward -$ 14,349,315$ 8,135,797$
Total Expenditures 702,428$ 14,349,315$ 8,135,797$
Special Notice of Public Hearing
Proposed Budget for Fiscal Year 2024
City of Meridian, Idaho
A public hearing, pursuant to Idaho Code 50-1002, will be held for consideration of the proposed budget for the fiscal
year from October 1, 2023 to September 30, 2024. The hearing will be held at Meridian City Hall, 33 East Broadway
Avenue, Meridian, Idaho at 6:00 p.m. on Tuesday, August 15, 2023. All interested persons are invited to appear and
show cause, if any, why such budget should or should not be adopted. Copies of the proposed City budget in detail are
available at the City Hall during regular office hours (8:00 AM to 5:00 PM, weekdays). City Hall is accessible to persons
with disabilities. Anyone desiring accommodation for disabilities related to the budget documents or to the hearing,
please contact the City Clerk Office (208) 888-4433 at least 48 hours prior to the public hearing. The proposed FY2024
budget is shown below as FY2024 proposed expenditures and revenues.
Transfers (3,265,311)$ -$ -$
Total Expenditures with Transfers (2,562,883)$ 14,349,315$ 8,135,797$
(Use)/Addition of Fund Balance 2,590,144$ (14,349,315)$ (8,135,797)$
Enterprise Fund - 60 - 65
FY2022 FY2023 FY2024
Actual Original Budget Original Budget
Revenues
Water/Sewer Sales 20,256,250$ 29,247,953$ 30,461,744$
Other Sources 19,448,745$ 20,461,056$ 22,468,150$
Total Revenue 39,704,994$ 49,709,009$ 52,929,894$
Expenditures
Personnel
Utility Billing 374,418$ 573,640$ 660,538$
Public Works 3,088,262$ 5,096,175$ 5,427,640$
Water 1,754,249$ 2,859,585$ 3,138,362$
Wastewater 2,670,609$ 5,389,155$ 4,855,828$
Total Personnel 7,887,537$ 13,918,555$ 14,082,368$
Operating
Utility Billing 529,590$ 795,418$ 760,102$
Public Works 536,691$ 1,080,794$ 780,332$
Water 2,148,002$ 2,852,576$ 3,940,330$
Wastewater 2,370,527$ 4,612,684$ 4,559,664$
Total Operating 5,584,810$ 9,341,472$ 10,040,428$
Total Personnel and Operating 13,472,347$ 23,260,027$ 24,122,796$
Capital
Utility Billing -$ -$ -$
Public Works 27,750$ -$ -$
Water 3,609,718$ 9,928,000$ 8,440,000$
Wastewater 6,059,099$ 12,678,000$ 37,502,179$
Total Capital 9,696,567$ 22,606,000$ 45,942,179$
Carryforward - Operating
Utility Billing -$
Public Works 536,178$ 584,554$
Water 254,048$ 331,530$
Wastewater 470,256$ 1,033,550$
Total Carryforward - Operating -$ 1,260,482$ 1,949,634$
Carryforward - Capital
Utility Billing -$
Public Works 7,487$ -$
Water 9,785,407$ 13,226,939$
Wastewater 26,356,159$ 27,048,552$
Total Carryforward - Capital -$ 36,149,053$ 40,275,491$
Total Carryforward -$ 37,409,535$ 42,225,125$
Total Expenditures 23,168,913$ 83,275,563$ 112,290,100$
Transfers 1,934,179$ 3,490,600$ 4,330,617$
Total Expenditures with Transfers 25,103,092$ 86,766,163$ 116,620,717$
(Use)/Addition of Fund Balance 14,601,902$ (37,057,154)$ (63,690,823)$
Governmental Funds - 01,07,08,20
FY2022 FY2023 FY2024
Actual Original Budget Original Budget
Revenues
Property Taxes 28,505,095$ 45,556,044$ 47,639,055$
Other Revenue 27,721,504$ 41,363,527$ 53,153,940$
Total Revenue 56,226,600$ 86,919,571$ 100,792,995$
Expenditures
Personnel
Administration 4,628,643$ 7,115,490$ 7,897,652$
Fire 10,101,792$ 16,622,414$ 21,709,593$
Police 15,662,947$ 25,030,255$ 27,505,411$
Parks 2,894,295$ 5,222,622$ 5,606,859$
Community Development 2,733,281$ 4,877,309$ 5,012,368$
Total Personnel 36,020,959$ 58,868,090$ 67,731,883$
Operating
Administration 2,587,274$ 4,266,251$ 6,213,144$
Fire 1,388,419$ 2,740,517$ 2,960,035$
Police 3,006,731$ 4,889,646$ 4,916,570$
Parks 2,929,924$ 3,877,288$ 4,120,368$
Community Development 2,500,097$ 3,956,884$ 3,846,085$
Total Operating 12,412,444$ 19,730,587$ 22,056,201$
Total Personnel and Operating 48,433,403$ 78,598,676$ 89,788,084$
Capital
Administration 119,415$ 116,735$ 462,407$
Fire 593,362$ 1,050,927$ 2,036,588$
Police 525,816$ 581,935$ 933,130$
Parks 2,921,425$ 1,636,000$ 2,276,465$
Community Development 29,364$ -$ -$
Total Capital 4,189,381$ 3,385,597$ 5,708,590$
Carryforward - Personnel
Administration -$ -$ -$
Fire -$ -$ -$
Police -$ -$ -$
Parks -$ -$ -$
Community Development -$ -$ -$
Total Carryforward - Personnel -$ -$ -$
Carryforward - Operating
Administration -$ 3,495,170$ 1,070,015$
Fire -$ 443,506$ 71,896$
Police -$ 44,366$ 609,116$
Parks -$ 904,890$ 686,038$
Community Development -$ 49,115$ 20,000$
Total Carryforward - Operating -$ 4,937,047$ 2,457,065$
Carryforward - Capital
Administration -$ 327,251$ 389,431$
Fire -$ 10,060,007$ 2,102,359$
Police -$ 5,502,846$ 2,634,057$
Parks -$ 19,287,737$ 10,111,816$
Community Development -$ -$ -$
Total Carryforward - Capital -$ 35,177,842$ 15,237,663$
Carryforward
Administration -$ 3,822,421$ 1,459,446$
Fire -$ 10,503,512$ 2,174,255$
Police -$ 5,547,212$ 3,243,173$
Parks -$ 20,192,627$ 10,797,854$
Community Development -$ 49,115$ 20,000$
Total Carryforward -$ 40,114,888$ 17,694,728$
Total Expenditures 52,622,784$ 122,099,161$ 113,191,402$
Transfers 1,331,132$ (3,490,600)$ (4,330,617)$
Total Expenditures with Transfers 53,953,916$ 118,608,561$ 108,860,784$
(Use)/Addition of Fund Balance 2,272,684$ (31,688,990)$ (8,067,790)$
Total Budget - All Funds
FY2022 FY2023 FY2024
Actual Original Budget Original Budget
Revenues
Total Revenue 95,958,856$ 136,628,580$ 153,722,889$
Expenditures
Total Personnel and Operating 61,905,749$ 101,858,704$ 113,910,880$
Total Capital 14,588,376$ 25,991,597$ 51,650,769$
Total Carryforward -$ 91,873,739$ 68,055,650$
Total Expenditures 76,494,126$ 219,724,039$ 233,617,299$
Transfers 0$ -$ -$
Total Expenditures with Transfers 76,494,126$ 219,724,039$ 233,617,299$
(Use)/Addition of Fund Balance 19,464,730$ (83,095,459)$ (79,894,410)$
Citizens are invited to inspect the detailed supporting records of the above financial statements.
For further information contact City of Meridian Finance Department at (208) 888-4433.