Attachment 5 - Updates to the Proposed Budget DocumentsUpdates to the Proposed FY 2022/23 Budget Documents
ATTACHMENT 5
Based on additional staff review, the following updates are recommended to include in the final
FY 2022/23 Operating and Capital Budget documents:
Proposed Operating & Capital Summary Budget FY 2022/23
Page A – 5 – correct the Town’s reported total ARPA allocation value of $5.7 million to $7.2
million.
Page C - 40 - staff found that FY 2021/22 estimated salaries and benefits for the Street and
Signals program 5401 were erroneously not included in the summary tables in the Proposed FY
2022/23 Operating Budget. While implementing the correction for this table, staff will take the
opportunity to also update estimated salaries based on newly available information regarding
employee final leave cash outs.
On June 7, 2022, staff will bring for Council consideration budget adjustments to the Adopted
FY 2021/22 Operating Budget regarding other updated revenue and expenditure items. As is
the Town’s practice, staff will update the FY 2021/22 year-end estimated numbers in the final
published adopted FY 2022/23 Operating Budget, including these budget adjustments. The
aforementioned corrections and the proposed adjustments to FY 2021/22 do not impact the
proposed FY 2022/23 revenues and expenditures; however, estimated year-end fund balances
will change based on the new estimates.