HomeMy WebLinkAboutItem #1 FY24 BudgetJune 12, 2023
Council,
Office of the Treasurer
290 East Linden Avenue, Chubbuck, ID 83202
208.237.2400 — Fax 208.237.2371
www.CItyofChubbuck.us
Included in your packets for the upcoming study session is an updated spreadsheet that summarizes the
department's budget requests.
The General Fund is presented by department. Highway, Streets and Roads, Water, Wastewater, and
Sanitation are presented by fund.
This spreadsheet represents what has been presented by department heads with the following
adjustments made since June 7, 2023, in an effort to present a scenario that would balance.
-General Fund revenue projections have been increased to $10,850,490. This increase includes
a 3% increase in property tax budget, new construction, $1,092,000 from the expiring TIF, and $168,000
in foregone amount.
-Fire Control's budget authority for wage and wage related expenditures remains at $2,967,050
which includes FY24 estimated hiring salaries for 9 new positions. However, Fire Control's authority to
hire has been restricted to 3 full time personnel which will result in $690,000 available for FY24 capital
projects.
-Community Services Parks Department's budget was $1,391,480 which included $500,000 for
park maintenance. This budget is now $1,226,480 which includes $250,000 for park maintenance and
$85,000 in wage and wage related expenses for a new position, Parks Recreation Coordinator.
-Highway Streets and Roads would be able to utilize $613,983 of capital, for road projects.
The City has scheduled the adoption of its tentative budget on July 5, 2023. This budget would meet all
the requirements of Idaho Code. We look forward to the discussion you will have during this upcoming
study session and the direction you will give for the Fiscal Year 2024 Budget.
City of Chubbuck
Fiscal Year 2024
Budget Summary Expense Compared to Revenue
Fund 10 GEN General
Expense
Personnel
Operations
Total
LG Legislative
234,300
119,400
114,900
234,300
EX Executive
74,600
71,600
3,000
74,600
CK Clerk
9,200
0
9,200
9,200
FN Financial
87,500
12,500
75,000
87,500
LL Legal
84,700
35,500
49,200
84,700
INS Liability Insurance
215,000
0
215,000
215,000
SW Storm Water
25,000
0
25,000
25,000
LE Law Enforcement
4,752,325
3,761,400
990,925
4,752,325
FC Fire Control
2,715,287
2,967,050
438,237
(690,000)
2,715,287
IT Information Technology
118,000
0
118,000
118,000
HR Human Resource
65,500
57,000
8,500
65,500
FM Facilities Maintenance
107,000
0
107,000
107,000
PK PK Tennis Court Grant
11,129
0
11,129
11,129
CS Community Serivices
503,486
433,200
70,286
503,486
CS/PK Parks
976,480
762,000
714,480
(500,000)
976,480
CC Community Celebration
7,000
0
7,000
7,000
Capital Parks
250,000
250,000
250,000
Capital HSR
613,983
613,983
613,983
Total General Fund Requests
10,850,490
8,219,650
3,820,840
(1,190,000)
10,850,490
2024 Estimated General Fund Revenue
10,850,490
10,850,490
Balance
0
0
Expense
Personnel
Operations
Total
Fund 11 HSR Highway Streets and Roads
3,073,310
887,500
2,185,810
3,073,310
2024 Estimated Highway Fund Revenue
2,459,327
2024 HSR General Fund Contribution
613,983
Balance
0
Fund 31 WW Water
4,938,400
1,195,300
3,743,100
4,938,400
2024 Estimated Water Fund Revenue
4,938,400
Balance
0
Fund 32 SW Wastewater
6,364,000
1,031,700
5,332,300
6,364,000
2024 Estimated Wastewater Fund Revenue
6,364,000
Balance
0
Fund 33 SN Sanitation
2,885,300
1,129,000
1,756,300
2,885,300
2024 Estimated Sanitation Fund Revenue
2,885,300
Balance
0
Total Budget Expenditures
28,111,500
Total Budget Revenue
28,111,500
Balance
0