Surprise FY2023 Budget

FY2023 budgeted expenditures/expenses compared with FY2022 adopted/adjusted budgeted expenditures/expenses. The state form compares $437,829,400 with $667,815,300.

FY2022 comparison amount

$437,829,400

Dollar change

+$229,985,900

Percent change

+52.5%

These figures use the accounting measures reported by the City. Revenue, transfers, fund balance and other financing measures are kept separate rather than treated as interchangeable.

Revenue

$409,169,600

Exact Summary of Sources and Uses amount. The narrative rounds this to $409.17 million.

Transfers In

$66,740,700

Total Sources

$475,910,300

Summary of Sources and Uses measure, revenue plus transfers in.

Fund Balance

$258,645,700

Difference between Total Uses and Summary Total Sources. The City narrative rounds this to $258.65 million. Fund balance is not recurring revenue.

Total Financial Resources Available

$722,946,800

Arizona state-form accounting layer. This is distinct from $475,910,300 Summary Total Sources.

Beginning/fund balance is kept separate from recurring revenue. State-form resources and Summary of Sources and Uses are separate accounting layers.

The General Fund is shown separately from the citywide budget. Ongoing activity, one-time activity, fund balance and reserves are kept distinct where the adopted budget reports them separately.

Beginning fund balance

$92,081,300

Ongoing activity

Total ongoing sources

$175,014,800

Total Ongoing Uses

$172,281,000

Ongoing surplus

$2,733,800

One-time activity

Total One-Time Impact

$17,736,700

Source presents this as a positive amount and subtracts it in the ending fund-balance equation F = (A+D-E).

FY2023 source terminology is Total One-Time Impact, rather than Total One-Time Change.

Ending fund balance

$77,078,400

Reserves

Required Reserve

$43,210,100

Minimum required fund balance presented in the General Fund Five-Year Forecast.

Accounting details

Compared with ending fund balance to determine Balance Above Required Reserve.

The FY2023 forecast describes the required reserve as including a reserve equal to three months of budgeted personnel, supplies and services for the General Fund, Ground Ambulance Fund, Highway User Revenue Fund, and Sports and Tourism Fund.

Balance Above Required Reserve

$33,868,300

Ending fund balance above the forecast Required Reserve.

Accounting details

Ending Fund Balance minus Required Reserve.

This forecast measure is retained as its own reserve comparison and is not treated as a citywide contingency or other reserve presentation.

FY2023 contains distinct contingency concepts across accounting layers. The citywide $159,747,000 contingency, General Fund ongoing-use contingency, and General Fund one-time contingency/emergency-reserve presentation are not collapsed into one measure.