HomeMy WebLinkAboutDiscussion of Enhancement Requests for 2022 Budget
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
TO: Honorable Mayor and Members of the Common Council
FROM: Russ Van Gompel, Director of Finance
DATE: October 27, 2021
RE: Discussion of Enhancement Requests for 2022 Budget
BACKGROUND
The City Council conducted budget workshops on October 18 and 19 for consideration of the 2022
Proposed Operating Budget. Towards the end of the second workshop, Council began the discussions
on potential budget enhancements.
At the City Council meeting on October 26, the City Council took action on several Budget
Enhancements.
Attached is a Revised Schedule of Budget Enhancements indicating which Enhancements were
approved.
ANALYSIS
The first block of Budget Enhancements illustrates the impact on the proposed levy for the
enhancements that were approved. The new impact on the levy shows a 4.62% increase. The
rate is still based on the estimated assessed valuation. The City expects to have the final
assessed valuation prior to the public hearing on November 3rd.
The next block on the attachment is a revision to the Contingency Account from the Proposed
Budget. Some reduction has been identified in the contingency amount with a reservation of
the potential addition of the Zoo Specialist. This position is recommended for partial funding
in 2022 with funds from the Contingency account.
The third block contains the remaining budget enhancements. It illustrates the individual
impact on the revised levy in the first block. There is no cumulative amounts for the remaining
enhancements, only the individual impact.
The last major section of the schedule is a list of budget enhancements which would not
impact the tax levy.
Finance Department
City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5005 http://www.ci.oshkosh.wi.us
FISCAL IMPACT
The 2022 revised levy includes an increase of 4.62%.
The attached schedule also illustrates that after the proposed increase, the City will still have
$1,191,623 remaining to comply with the Expenditure Restraint Program.
RECOMMENDATION
To hold the Public Hearing for the 2022 Operating Budget and discuss if there is a consensus
on any other budget enhancements. If necessary, the meeting agenda allows for an additional
Budget Workshop.
Respectfully Submitted, Approved:
Russ Van Gompel Mark Rohloff
Director of Finance City Manager