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| Staff: | Lisa Mills, Finance Director | AGENDA REPORT
Cape Girardeau City Council | 23-125 | | Agenda: | June 20, 2023 |
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| | | | | | | | SUBJECT
This ordinance adopts the operating budget for the fiscal year beginning July 1, 2023.
EXECUTIVE SUMMARY
The City Charter requires a public hearing regarding the proposed city budget be held each year before the budget is adopted. This hearing is scheduled for the June 5, 2023 City Council meeting.
BACKGROUND/DISCUSSION
All material items included in this proposed budget have previously been communicated. This budget proposes changes to the City's Fees as per the Fee Schedule included; details begin on page 269 of the budget. This budget proposes increases to water and solid waste fees. A separate ordinance will need to approve these increases. The property tax levy will be adopted in August after a public hearing has been held.
FINANCIAL IMPACT
SUSTAINABILITY: ECONOMIC, ENVIRONMENTAL AND SOCIAL IMPACTS
STAFF RECOMMENDATION
Staff recommends approval of the ordinance to adopt the annual operating budget. Any desired changes to the budget should be specifically agreed to at this meeting or no later than the June 19, 2023 City Council meeting before final readings of the budget ordinance.
BOARD OR COMMISSION RECOMMENDATION
PUBLIC OUTREACH
The 2023-2024 Proposed Operating Budget is on the City's web page at cityofcape.org/finance. It is also available for review in the City Clerk's office.
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