HomeMy WebLinkAboutWORK SESSION SUMMARY-06/28/2022-Work Session (4)
215 N Mason Street
2nd Floor
PO Box 580
Fort Collins, CO 80522
970.221.6795
970.221.6782 - fax
fcgov.com
MEMORANDUM
DATE: July 14, 2022
TO: Mayor Arndt and City Councilmembers
THRU: Kelly DiMartino, City Manager
FROM: Travis Storin, Chief Financial Officer
RE: June 28, 2022 Work Session Summary: 2023-24 Budget Status Update
This Council Work Session item was focused on a status of the 2023-24 Recommended Budget.
The presentation included a high-level review of the budget process and timeline, the associated
financial assumptions for revenue and expenses, the major themes that are emerging, and the
American Rescue Plan Act (ARPA). Information was also shared on public engagement efforts,
including an overview of the City’s online public engagement platform called OurCity, which
can be found online at: https://ourcity.fcgov.com/23-24budget to collect budget related inputs
from the community. A summary of all public engagement between May and the end of
September will be included in the budget discussion scheduled for this autumn.
The 2023-24 City Manager’s Recommended Budget, including the Spanish and English version
of the Budget in Brief, is targeted for release on September 2. The first of three currently
scheduled work sessions to discuss the specific offers recommended for funding will occur on
September 13, followed by September 27 and October 11. Between those meeting there will be
two public hearings, which are scheduled for September 20 and October 4.
Council acknowledged that discussing the budget assumptions, especially given the changes
since the Council Finance Committee discussion in April, and emerging themes at this time in
the BFO process was beneficial. Key budget assumptions discussed were revenue, inflation, fuel,
employee compensation, and employee benefits. In reviewing labor market conditions for
compensation, Council expressed general support for allocating additional funds to ensure we
remain competitive for talent attraction and retention. The conversation and guidance will be
very helpful to the executive team as it works to finalize the decisions for the 2023-24 City
Manager’s Recommended Budget.
After the presentation there was discussion on the information provided. City Council members
asked questions with responses provided by staff. Below are the follow-up questions and
requests not addressed during the work session. Applicable responses will be provided as part of
the upcoming 2023-24 Budget work sessions.
Mtg Date Outcome
Council-
member Offer # Question / Request
28-Jun-22 All Ohlson N/A
Suggestion to include explanation of why GF revenue increases so
much in 2020 due to the renewal of the KFCG sales tax 'equivalent'
renewal on the Sales Tax chart
28-Jun-22 All Pignataro N/A
Work with CPD to add a 'link' for interested people from OurCity
(like 2-hours in the 'how much time you have' section
28-Jun-22 All
Ohlson /
Pignataro N/A
Need to see various personnel % increases along with the $
amounts for the budget assumptions. Please also display the cost
estimates per position turnover
28-Jun-22 SAFE
Ohlson /
Arndt
Want to see a reexamination of the IGA with PFA and them getting
2/3's of Property Tax revenues. What is the logic or nexus
between PFA activities and property taxes?
28-Jun-22 All
Arndt /
Francis /
Pignataro /
Ohlson Various
Support using the Revenue Replacement approach to enable
funding for some non-ARPA eligible City needs, including
environmental ones that are difficult to be ARPA eligible
eventhough it is included in the adopted Recover Plan
28-Jun-22 All Francis Various
Want to revisit the metrics in the Strategic Plan to help ensure we
are making the best use of taxpayer/rate payer $'s