02.16.22 Budget Workshop - Laserfiche WebLink

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City Council Meeting Minutes February 16, 2022 Major Operating Funds, Key Forecast Assumptions, Budget Policy Discussion, and Decision Point Summary. The budget is developed by the following: set strategic initiatives for the coming years, formulate policy statement to guide City Manager during budget preparation, deliver budget capacity and trends, deliver budgeted programs, revenues, and expenditure philosophy, and deliver proposed budget of all general budget items by fund type. The budget timeline was outlined which included the Budget Policy Workshop held today and tomorrow, Public Hearing and Budget Policy adoption in March, Budget Work Session and Capital Improvement Program (CIP) Update in May, budget workshops in June and August, Public Hearing and adoption of budget and tax rate in September, and finally implementation and monitoring of budget to begin with the new fiscal year in October. Ms. Miranda provided the Community and Economic Challenges, which include the following: • Growing Community - pop. 44,894(2010) 67,553(2020) = 50.5% growth • Continued impact of state ruling for sales tax on e-commerce • Continued Uncertainty including inflation — "Headline" rates, the "Great Resignation" which involves employee recruitment and retention and a work from home environment. There are supply chain disruptions/cost increases, COVID-19 variants, and slow retail growth. Ms. Miranda stated the focus will be on the basics including funding core services and considering department constraints. Fund Core Services include: • Public Safety • Public Health and Welfare • Maintain Infrastructure • Quality of Life • Protection of Environment • Sound Development • Support Services Department Constraints include: • Increased Costs • Attracting/Retaining Qualified Staff • Workload/Capacity/Expectations City of San Marcos Page 4