Finance - Budget Reporting

Status of 2011-2012 Proposed Budget

In this time of global economic crisis, we are confronted by extraordinary challenges that require us to come together, as a community, to reconfirm our priorities and define the kind of city we want to be. These shared goals are expressed each year in our City budget. It spells out our needs, quantifies what we can afford, and sets in motion the initiatives and corrective measures that will keep us on a true course.

We have begun the process of developing the 2011-2012 budget with the cumulative efforts of the mayor and City Council, city manager, residents, and all city departments. Highlighted below is our budget schedule.

Date Description

June 7, 2010 Departments to submit budget to City Manager

September 10-12, 2010 City Council 2011-2012 Budget Retreat

September 28, 2010 City Council Work Session and Speak Up Session

October 12, 2010 City Council Work Session and Speak Up Session

October 26, 2010 City Council Work Session and Speak Up Session

November 23, 2010 Public Hearing and First Reading of 2011 Budget Ordinance

December 7, 2010 Public Hearing and Final Reading of 2011 Budget Ordinance

2010 Budget

by Roy H. Otto, Greeley City Manager

At the October 20 council meeting, City Council members approved a balanced budget for 2010 appropriating $170,188,692 for expenditures and $55,559,725 for transfers between funds; a total of $225,748,417. The 2010 budget appropriation is a 28% decrease (excluding transfers) from the 2009 Revised Budget. The budget includes numerous cutbacks that affect every department and service being provided to residents. From suspending water purchases to reducing the number of Museum hours, reductions were made to match services with projected revenues.

Unfortunately, the outlook for 2010 and 2011 revenue, primarily sales tax, the largest source of revenue for City services, is poor. As long as umemployment in Weld and surrounding counties is up and businesses and individuals are having a tough time making it, it's likely that revenue will continue to slide.

In spite of this bad news, there were consequences to the budget discussions that will benefit the City in the future. First was the evaluation of City services necessary to make effective cutbacks. For example, a consolidation of departments was accomplished that will make the organization more efficient for years to come. Second, observations and suggestions by the Council about the budget process will likely involve the council more so in future budget preparations.

You may view a bullet point list of additional service level changes that were made in order to create a balanced budget. We also invite you to view a summary of the 2010 budget. If you have any questions concerning the budget, please contact Sheri Dern, Budget analyst, at sheri.dern@greeleygov.com or (970) 350-9735. (Updated 11/13/09)

The complete 2009/2010 budget document and a summary of the 2009/2010 budget are available for viewing; individual sections are listed below for your convenience. To view the files you will need to download Adobe Acrobat Reader version 5 or higher, as the files are in Adobe PDF file format.

2009/2010 Biennial Budget

-Table of Contents

-City Manager’s Message

- Reader’s Guide

- Budget Overview

- Revenue Summary

- Expenditure Summary

- Personnel Summaries

- Fund Summaries

-General Fund

-Special Revenue Funds

-Debt Service Funds