Paradise Valley Legistar Banner
Share to Facebook Share to Twitter Bookmark and Share
File #: 20-256    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 6/3/2020 In control: Town Council
On agenda: 6/11/2020 Final action:
Title: Adoption of Resolution Number 2020-17 Adopting the FY2020/21 Final Budget, Capital Improvement Plan and the Strategic Revenue Plan
Attachments: 1. 01 Presentation_Resolution 2020-17 Adopt Final Budget 2021 STATE FORMS pdf, 2. 02 PV Official State Forms Final Budget FY2021 2020_0611, 3. 03 Information_Resolution 2020-17 Adopt Final Budget 2021 APPENDIX pdf, 4. 04 Capital Improvement Plan FY21-25 for FY21 Funding Only
TO: Mayor Bien-Willner and Town Council Members

FROM: Jill Keimach, Town Manager
Douglas Allen, CPA

DATE: June 11, 2020

DEPARTMENT: Finance

Staff Contact Douglas Allen, CFO, 480-348-3696
End

AGENDA TITLE:
Title
Adoption of Resolution Number 2020-17 Adopting the FY2020/21 Final Budget, Capital Improvement Plan and the Strategic Revenue Plan
Body

RECOMMENDATION:
Recommendation
Adopt Resolution number 2020-17 adopting the FY2020/21 Final Budget, Capital Improvement Plan and the Strategic Revenue Plan.
Background

SUMMARY STATEMENT:
One of the most important duties of the Mayor and Town Council is to adopt an annual budget for the Town. The budget process provides the Council with the opportunity to match the needs of the Town and available resources with the intent of gaining the maximum return on each dollar.

The Town's budget is a result of all departments, management and Town Council's collaborative efforts to set and communicate the Town's financial plan, policies and operational guide for the upcoming fiscal year 2020/21.

Guided by the long-standing traditions of Paradise Valley's solid fiscal policy and prudent budgeting lead by the Mayor, Town Council and Management, the Town has saved and set-aside sufficient resources for fiscal emergencies to maintain Town services.

The tentative budget includes funding for all department's priority one operating budgets, payment of debt obligations, contingencies and continuing the capital improvement program while remaining poised to resume full operations when revenues rebound.

The total Tentative Town budget is comprised as illustrated below for a total of $64,220,371.



A. ADOPTED BUDGET

I. TENTATIVE BUDGET ON STATE FORMS

The tentative budget includes funding for all department's "priority one" operating budgets effective July 1, payment of debt obligations, capital improvement projects and the three enterprise services. Contingencies are not available July 1; but possible later in ...

Click here for full text