AGENDA DATE: 5/4/2022
TITLE:
Title
Adoption of Calendar Year 2022 Tax Rates, Budget-Related Ordinances, Fiscal Year (FY) 23 Budget, Borrowing Resolution, FY 23-27 Capital Improvements Plan (CIP), and Appropriation of the FY 23 Budget
BODY
SUBJECT/PROPOSAL/REQUEST: Request adoption of Calendar Year 2022 Tax Rates, Budget-Related Ordinances, Fiscal Year (FY) 23 Budget, Borrowing Resolution, FY 23-27 Capital Improvements Plan (CIP), and Appropriation of the FY 23 Budget
ITEM TYPE: Regular Action Item
STAFF CONTACT(S): Richardson, Hudson, N. Birch, Sumner, Bowman
PRESENTER (S): Andy Bowman
LEGAL REVIEW: Yes
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: At the Board's May 4, 2022 meeting, staff will ask the Board to consider the following items:
1) Adoption of the Resolution to Set Calendar Year 2022 Tax Rates: The Board held a public hearing on the proposed 2022 calendar year tax rates on April 27, 2022. The 2022 calendar year tax rates are for the year beginning January 1, 2022 and ending December 31, 2022.
2) Adoption of Various Budget-Related Ordinances: On April 20, 2022, the Board held public hearings on the adoption of ordinances to increase the Food and Beverage tax rate, increase the Transient Occupancy Tax rate, and impose a Disposable Plastic Bag Tax.
3) Adoption of the FY 23 Operating and Capital Budget: The Board held a public hearing on the Fiscal Year 23 (FY 23) Proposed Budget on April 27, 2022. The budget presented for adoption includes the Board's FY 23 Proposed Budget plus any adjustments made by the Board or School Board in subsequent work sessions and is for the fiscal year beginning July 1, 2022 and ending June 30, 2023.
4) Adoption of the Annual Resolution of Appropriations: To provide the authority from the Board to spend these funds, the Board's adoption of an Annual Resolution of Appropriations for the fiscal year ending on June 30, 2023 is required.
5) Adoption of the Resolution of Official Intent to Reimburse Ex...
Click here for full text