Attach A Informational CCR 2023-24 (3of6 Attachment A) - Tentative Adoption.pdf

ATTACHMENT A 
 
 
 
Adoption of the Annual Tentative 2023-2024 Budget Ordinances 
 
This report provides backup information to items on the May 31, 2023 Council Formal 
agenda regarding adoption of the Tentative 2023-2024 Budget ordinances.  These are 
the annual steps required by City Charter and State Law. 
 
State law requires adoption of the annual Tentative Budget ordinances, followed by two 
consecutive weeks of publication of the adopted Tentative Budget in the legally 
prescribed format.  Detailed budget schedules prepared on forms provided by the State 
Auditor General’s Office and Truth in Taxation notice in accordance with state law are 
attached to this report.  
 
Adoption of the Tentative 2023-2024 budget ordinances requires the following:   
 
1. Holding a public hearing 
 
2. Adoption of the Tentative 2023-2024 Budget ordinance. This ordinance adopts the 
portion of the Tentative Budget financed from operating resources. It represents the 
2023-2024 Budget approved by the City Council on May 16. 
 
3. Adoption of the Tentative 2023-2024 Capital Funds Budget ordinance. This 
ordinance adopts the portion of the Tentative Budget financed from capital funds and 
is included in the first fiscal year of the 2023-2028 Capital Improvement Program. 
 
4. Adoption of the Tentative 2023-2024 Reappropriated Funds Budget ordinance. This 
budget ordinance is required to rebudget funds that were contractually committed in 
the prior fiscal year but not yet fully expended. Since budget appropriations expire 
on June 30 of each fiscal year, this ordinance re-establishes the appropriations for 
payment of vendors as goods and services are received. 
 
For example, on August 31, 2022, the City Council awarded a contract to J.E. Dunn 
Construction Company, Inc. to provide Construction Manager at Risk Construction 
Services for the Deer Valley Airport Police Hangar and Apron Replacement project. 
The amount of the contract was $18,500,000, which was encumbered, or committed 
using the 2022-2023 Aviation Capital Improvement Program budget appropriation. 
However, to-date payments on this contract have not yet occurred and will extend 
into fiscal year 2023-2024. The contract amount is included in the Reappropriated 
Funds ordinance to ensure the spending authority is in place for future payments 
made on this contract during the 2023-2024 fiscal year. 
 
REMAINING STEPS 
Following this action, the Tentative 2023-2024 Budget information will be advertised for 
two consecutive weeks in accordance with state law.  
 
State law also requires adoption of the Final 2023-2024 Budget ordinances following the 
two weeks of advertised publications of the adopted Tentative Budget.  The City Charter

requires Council adopt the budget on or before the last day of June each year. As a 
result, adoption of the Final 2023-2024 Budget is scheduled for the June 14, 2023 
Council Formal meeting.  The June 14, 2023 actions will include the Final 2023-2024 
Budget ordinance, the Final 2023-2024 Capital Funds Budget ordinance, and the Final 
2023-2024 Reappropriated Funds Budget ordinance.  Both state law and the City 
Charter require holding public hearings prior to adoption of the Budget ordinances. 
 
Also on the June 14, 2023 agenda there will be several items necessary to close out the 
current fiscal year and prepare for the annual independent audit.  A separate City 
Council Report will be provided explaining these funding plan close-out items for the 
June 14, 2023 agenda. 
 
The 2023-2024 Property Tax Levy will be brought forward for adoption on July 3, 2023, 
as state law requires this to occur at least 14 days after adoption of the Final Budget.  
The City Charter requires adoption of the Property Tax Levy no later than the last 
regularly scheduled meeting in July.  Based on the May 16, 2023 City Council action, 
the levy will reflect a total property tax rate of $2.0992 per $100 of assessed valuation.