Recommended operating budgets presented to Town Council

On Tuesday, April 23, Town Manager Jamsheed Mehta and Finance Director Yiannis Kalaitzidis presented the recommended operating budgets for the General Fund, Bed Tax Fund, Highway User Revenue Fund, Water Operating Fund, Wastewater Operating Fund, and the Airport Operating Fund for fiscal year 2019-2020 to Town Council. Information and direction received from Town Council will then be incorporated into the Town’s tentative budget, which will be presented to Town Council for consideration on May 21.

Town staff worked to compile a summary of the recommended budget, and includes a section on operating capital and projects with descriptions of significant one-time items. The summary also formally lists the items requested to be carried forward into the 2019-2020 recommended budget. Staff anticipates that there will be adequate resources to support these requests.

The budgets presented on April 23 are the operating budgets for the General Fund and other selected operating funds. Special Revenue, Capital Project, and Dept Service Funds were not formally presented, but will be included in the overall tentative budget presented on May 21.  

Click here to view the full presentation file.

Click here to view the Town Council meeting video.

Click here to view the 2020 Manager’s Recommended Operating Budget.