Adopted all-funds budget $464,896,600
Change from FY2023 +1.7% +$7,790,000

Year over year

What changed

FY2024 adopted budget authority increased by $7,790,000 compared with FY2023 adopted/adjusted budgeted expenditures/expenses, an increase of 1.7%.

FY2023 comparison amount
$457,106,600
Dollar change
+$7,790,000
Percent change
+1.7%

Budget composition

Where the budget goes

FY2024 spending presentation
CategoryAmountShare
Operating$208,600,00045%
Capital Improvement$221,000,00048%
Debt Service$9,300,0002%
Contingency$26,000,0005%

Budget in Brief amounts are rounded resident-facing values and therefore do not reconcile exactly to the adopted total.

These Budget in Brief presentation categories are distinct from statutory fund accounting and from the Final Budget object-category capital-outlay measure.

Fund accounting

Budget by fund

FY2024 adopted fund groups
Fund groupAmount
General Fund$181,412,700
Special Revenue Funds$104,102,200
Debt Service Funds$8,295,000
Capital Projects Funds$30,227,000
Trust and Agency Fund$12,050,500
Enterprise Funds$117,845,000
Internal Service Funds$10,964,200

Revenue

Revenue measures

These figures use the accounting labels reported by the City. Different revenue measures are shown separately rather than treated as interchangeable.

Projected revenue
$259,900,000

FY2024 Budget in Brief projected revenue. The source excludes transfers in, interfund loans, and other financing sources.

Estimated revenues other than property taxes
$251,354,100

Exact FY2024 statutory adopted-budget revenue measure.

Property tax

Property tax

Primary levy
$3,736,624
Secondary levy
$4,811,641
Total levy
$8,548,265

Rate basis: per_100_assessed_value

Property-tax rates are intentionally deferred. The adopted statutory form reports 0.6373 primary, 0.8222 secondary and 1.4595 combined, while the FY2024 Final Budget reports 0.6373, 0.8206 and 1.4579. Both presentations are internally consistent and have not yet been reconciled.

Capital

Capital measures

Capital figures can describe different accounting measures. OWVAZ keeps those measures separate instead of combining them.

Budget in Brief capital improvement
$221,000,000

Rounded resident-facing presentation shown as $221.0M.

Adopted Capital Improvement Plan
$220,941,000

Exact FY2024 adopted CIP and total capital appropriation.

Capital outlay
$224,349,400

Final Budget expenditure-object category. The City states this differs from the CIP because vehicles may be considered capital while purchased from operating funds.

Capital Improvement Plan and capital-outlay measures are different accounting presentations and are not interchangeable.

Historical context

Mayor and Council at adoption

Final budget adopted Resolution No. 1034-0623

Mayor

Kenneth N. Weise

Councilmembers

  • Mike Pineda Vice Mayor
  • Tina Conde
  • Veronica Malone
  • Curtis Nielson
  • Gloria Solorio
  • Max White

Official Sources

These government sources support the budget figures and historical context on this page. OWVAZ preserves original source addresses even if the City later moves or removes a document.

FY2024 Adopted Budget

Official FY2024 adopted budget forms. Supports adopted all-funds expenditure authority, prior-year adopted/adjusted comparison, statutory fund groups, statutory estimated revenue, property-tax levies, and adopted Capital Improvement Plan. The statutory form also contains property-tax rates that differ from the FY2024 Final Budget presentation; rates remain deferred.

FY2024 Final Budget

Official FY2024 Final Budget and Financial Plan. Supports adopted expenditure authority, exact capital outlay, and the FY2024 adopted Capital Improvement Plan. Its property-tax rate presentation differs from the statutory adopted form, so rates remain deferred pending reconciliation.

FY2024 Budget in Brief

Official FY2024 Budget in Brief. Supports resident-facing budget composition, projected revenue, and rounded capital improvement presentation.