Finance - Budget Reporting

2010 Budget Update:

Since the 2009-2010 budget was prepared last spring, sales and use tax is expected to drop to 2006 levels forcing the city to reduce their 2010 sales tax estimates by $2.3 million. Property taxes in 2010 are expected to drop 15 to 20 percent causing a $2 million loss of property tax revenue. It is anticipated that this 2010 reduction in sales tax, property tax and other revenues will result in decreased revenue of $4.8 million. Please click this link to view a more detailed analysis of our current situation and steps we are taking to balance the 2010 budget. We are also soliciting constructive suggestions from our citizens on ways to balance the 2010 budget.

We invite you to attend Council work sessions to be held on September 8th and 22nd. On October 6th and 20th, city employees will be presenting the balanced budget to Council for their approval.

2009-2010 Budget

The 2009 Budget was approved by City Council on December 2, 2008, appropriating $189,727,426 for expenditures and $70,790,407 for transfers between funds; a total of $260,517,833. The 2009 appropriation is a 5.2% decrease (excluding transfers) from the 2008 Revised Budget. The operating budget places a priority on existing programs to insure that the city is able to maintain an excellent level of service and address the overall needs of the community.

Revenue growth for the City is projected to be minimal with estimated revenues for 2009 projected to grow 2.6% over 2008 estimated revenues and 1.7% over 2007 actual revenue. Likewise, 2010 revenues have been conservatively estimated as well. This trend is not unique to Greeley as most communities in Colorado are facing the same issues in balancing their budget. Staff is to be commended for their dedication in creating a balanced budget while still maintaining the quality of life that makes Greeley "Great From the Ground Up."

The complete 2009/2010 budget and a summary of the 2009/2010 budget are available for viewing; individual sections are listed below for your convenience.

The complete 2008 budget is also available. 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.

If you have any questions concerning the budget, please contact Sheri Dern, Budget Analyst, at sheri.dern@greeleygov.com or (970) 350-9735.

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