The document presents a net budget summary for fiscal year 2020 that shows proposed budgets and increases or decreases for various city funds, including governmental funds, enterprise funds, and special revenue funds. It also lists capital projects funding and notes that adopting the budget requires passing a budget ordinance and ratifying a proposed property tax rate of $0.534618 to support the budget.

1. FY 2020
Budget
Adoption
September 26, 2019

2. Net Budget Summary
Page 1
Fund Type
FY 20 Proposed Net
Budget
Increase
(Decrease)
FY 20 Proposed Net
Budget with Revisions
Governmental Funds $ 105,151,469 $ (29,597) $ 105,121,872
Enterprise Funds $ 146,000,224 $ (38,500) $ 145,961,724
Special Revenue Funds $ 18,834,527 $ 74,442 $ 18,908,969
Subtotal O&M $ 269,986,220 $ 6,345 $ 269,992,565
Fund Balance/Working Cap Transfer to CIP $ 13,306,581 $ 13,306,581
Capital Projects $ 57,864,506 $ 57,864,506
Total Proposed Net Budget $ 341,157,307 $ 6,345 $ 341,163,652

3. Budget Adoption
Two Required Actions
 Budget Ordinance Adoption
 Ratify property tax revenue
increase included in Budget
• Proposed tax rate of
$0.534618