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Town Council Resolution No. 17-2024 June 19, 2024
RESOLUTION NO. 17-2024
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, 2025
WHEREAS, the Town Council conducted a Public Hearing concerning the
proposed Municipal Budget Plan for Fiscal Year 2024-2025 at its regularly scheduled meeting on Wednesday, June 5, 2024; 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 2024-2025; 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 $16,710,974
Expenditures (16,690,887)
Total Operating Net: $20,087
Section 1a. Operating Revenue Appropriation – Estimated Revenues and
Sources of Funds for fiscal year 2024:
GENERAL FUND AMOUNT
Property Taxes 7,822,018
Other Taxes 2,055,000
Franchise Fees 960,000
Fines & Forfeitures 88,250
Investment Earnings 475,000
Intergovernmental & Agency 303,443
Licenses & Permits 1,304,250
Charges for Services 648,150
Other Revenues 31,000
Subtotal General Fund Revenues $13,697,111
OTHER FUNDING SOURCES
Self-Insurance Reserve 25,000
Capital Equipment Replacement 275,000
DocuSign Envelope ID: 481CED10-BC6F-47F0-BD8B-97A8B793644A
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Town Council Resolution No. 17-2024 June 19, 2024
Technology Fund 224,900
Park Development and ORT Fund 40,000
Cypress Hollow Fund 37,000
Paula Little Flower Fund 10,000
State Gas Tax 120,000
Town Owned Housing Fund 137,199
Low/Moderate Income Housing Fund 11,469
Peninsula Library Agency 2,133,295
Sub Total Other Funding Sources 3,013,863
Total Revenues & Sources $16,710,974
Section 1b. Operating Expenditures Appropriation – Planned Department expenditures for fiscal year 2024:
ADMINISTRATION AMOUNT
Town Administration 2,158,701
Town Attorney 551,735
Legislative 181,250
Town Hall Building 390,600
COMMUNITY DEVELOPMENT
Planning & Design Review 1,040,893
Building Inspection 734,223
Advanced Planning 0
POLICE
Police Department 4,886,668
Police Building 95,840
PUBLIC WORKS
Administration 470,009
Streets Maintenance 965,001
Parks Maintenance 1,141,882
Street & Signal Light Maintenance 83,000
Corporation Yard 141,600
Cypress Hollow 37,000
NON-DEPARTMENTAL
Insurances & JPAs 1,505,522
Self Insurance 25,000
Low-Moderate Income Housing 11,469
Town Owned Housing 137,199
Infrastructure & Facility Replacement 0
Belvedere/Tiburon Library Agency 2,133,295
Total Expenditures: 16,690,887
DocuSign Envelope ID: 481CED10-BC6F-47F0-BD8B-97A8B793644A
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Town Council Resolution No. 17-2024 June 19, 2024
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 621,000 TPFA 2016 Refunding Revenue Bonds 624,000
Virginia Underground District, Series A 40,100
Virginia Underground District, Series B 41,863 Hawthorne Undergrounding District 352,263 Total Debt Service $1,679,605
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 19, 2024, by the following vote:
AYES: COUNCILMEMBERS: Fredericks, Nikfar, Ryan, Thier, Welner NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None
____________________________________ ALICE FREDERICKS, MAYOR
TOWN OF TIBURON
ATTEST:
___________________________________
LEA DILENA, TOWN CLERK
DocuSign Envelope ID: 481CED10-BC6F-47F0-BD8B-97A8B793644A