Financial Snapshot

Budgeting Basics

The City’s overall adopted budget for fiscal year FY 2019 is $610.5 million (net of interfund transfers). This represents an increase of $71.9 million or 13.4 percent from the FY 2018 budget. A municipal budget is made up of several different types of funds. The General Fund is one of the largest of these funds. By definition, all services not specifically funded by other sources, such as the Water and Sewer Fund or the Parking Fund, are funded through the General Fund. Services such as Police and Fire Rescue are funded through the City’s General Fund. The City’s General Fund budget for FY 2019 is $282.2 million. This represents an increase of $24.7 million or 9.6 percent as compared to the FY 2018 General Fund budget. More information concerning the City’s FY 2019 budget can be found at:  
FY2019 Budget

FY2018 First Quarter Analysis

FY2018 Second Quarter Analysis

FY2018 Third Quarter Analysis


General Fund Financial Position

The City’s Fund Balance Policy sets an overall target of 17 percent of General Fund expenditures (equal to two months of operating expenditures). For FY 2019, the budgeted fund balance amount for the General Fund is $34.4 million.  Over the course of the fiscal year, the financial position of the City’s General Fund will be updated as midyear forecasts are completed.