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Town Council Resolution No. 31-2023 June 21, 2023
RESOLUTION NO. 31-2023
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TIBURON ADOPTING A MUNICIPAL BUDGET PLAN FOR THE TOWN OF TIBURON FOR THE FISCAL YEAR ENDING JUNE 30, 2024
WHEREAS, the Town Council conducted a Public Hearing concerning the
proposed Municipal Budget Plan for Fiscal Year 2023-2024 at its regularly scheduled meeting on Wednesday, June 7, 2023; and WHEREAS, the Town Council now finds that the proposed Municipal Budget
Plan, as estimated, provides for all appropriate municipal purposes and services with
current fund(s) and resources and estimated revenues for fiscal year 2024; and NOW, THEREFORE, BE IT RESOLVED; that the proposed Municipal Budget Plan appropriates revenues and other sources of funds for expenditures associated with
operations, capital outlays, and debt service, in the following amounts:
Section 1. Operating Budget Program - The proposed Plan has sufficient resources to finance the planned expenditures:
Revenues and Funding Sources $16,033,532
Expenditures (16,015,772)
Total Operating Net: $17,760
Section 1a. Operating Revenue Appropriation – Estimated Revenues and
Sources of Funds for fiscal year 2024:
GENERAL FUND AMOUNT
Property Taxes 7,602,768
Other Taxes 2,000,000
Franchise Fees 882,500
Fines & Forfeitures 88,250
Investment Earnings 300,000
Intergovernmental & Agency 303,443
Licenses & Permits 1,234,250
Charges for Services 553,400
Other Revenues 66,000
Subtotal General Fund Revenues $13,030,611
OTHER FUNDING SOURCES
Self-Insurance Reserve 25,000
Capital Equipment Replacement 460,000
DocuSign Envelope ID: D8C90346-3FD1-4FFE-A832-4337D9294A99
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Town Council Resolution No. 31-2023 June 21, 2023
Technology Fund 284,325
Cypress Hollow Fund 37,000
Paula Little Flower Fund 10,000
State Gas Tax 60,000
Town Owned Housing Fund 111,799
Low/Moderate Income Housing Fund 11,703
Peninsula Library Agency 2,003,094
Sub Total Other Funding Sources 3,002,922
Total Revenues & Sources $16,033,532
Section 1b. Operating Expenditures Appropriation – Planned Department
expenditures for fiscal year 2024:
ADMINISTRATION AMOUNT
Town Administration 1,843,427
Town Attorney 491,650
Legislative 157,750
Town Hall Building 298,000
COMMUNITY DEVELOPMENT
Planning & Design Review 949,838
Building Inspection 684,790
Advanced Planning 0
POLICE
Police Department 4,973,976
Police Building 102,800
PUBLIC WORKS
Administration 489,445
Streets Maintenance 1,053,989
Parks Maintenance 1,087,638
Street & Signal Light Maintenance 68,000
Corporation Yard 141,600
Cypress Hollow 37,000
NON-DEPARTMENTAL
Insurances & JPAs 1,484,272
Self Insurance 25,000
Low-Moderate Income Housing 11,703
Town Owned Housing 111,799
Infrastructure & Facility Replacement 0
Belvedere/Tiburon Library Agency 2,003,094
Total Expenditures: 16,015,772
DocuSign Envelope ID: D8C90346-3FD1-4FFE-A832-4337D9294A99
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Town Council Resolution No. 31-2023 June 21, 2023
Section 2. Debt Service Program – Planned Debt Service and related expenses for special assessment, community facilities districts, and general obligation bond issues of
the Town are as previously planned:
BOND ISSUE AMOUNT
2016 Consolidated Reassessment District 618,389 TPFA 2016 Refunding Revenue Bonds 621,793
Virginia Underground District, Series A 36,400
Virginia Underground District, Series B 41,863 Hawthorne Undergrounding District 346,013 Total Debt Service $1,664,457
IT IS FURTHER RESOLVED that the Town Manager may make adjustments and activities within the budget provided that no increase or diminishment in salaries result other than that provided by the Town’s Personnel System and Master Salary Program, or as authorized by the Town Council, and provided that no expenditure or
encumbrance contingent on contract agreement, or other engagement requiring approval
of the Town Council shall be made until such contract is first approved by the Town Council. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town
of Tiburon on June 21, 2023, by the following vote:
AYES: COUNCILMEMBERS: Fredericks, Ryan, Welner NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: Thier, One Vacant Seat
____________________________________ JACK RYAN, MAYOR
TOWN OF TIBURON
ATTEST:
___________________________________
LEA DILENA, TOWN CLERK
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