Title
Fiscal Year 2021 Operating Budget and Fiscal Years 2021 - 2025 Capital Investment Plan
Action
Action:
Adopt the Fiscal Year (FY) 2021 Appropriations and Tax Levy Ordinance, the FY 2021 Compensation and Benefits Resolution, and other items related to the Annual Budget Ordinance adoption:
A. The FY 2021 Operating Appropriations and Tax Levy Ordinance,
B. The FY 2021 - 2025 Capital Investment Plan,
C. The FY 2021 General Solid Waste Fee,
D. The FY 2021 Storm Water Services Fee,
E. The FY 2021 Transit Operating Budget and Debt Service Budget, which was approved by the Metropolitan Transit Commission on April 22, 2020,
F. The FY 2021 Charlotte Water Rates,
G. The FY 2021 Compensation and Benefits Plan and associated Human Resources contracts,
H. Outside Agencies and Municipal Service Districts Contracts,
I. The City Investment Policy, and
J. Other Budget Items.
Body
Committee Chair:
Ed Driggs, Budget and Effectiveness Committee
Staff Resource(s):
Marcus Jones, City Manager's Office
Ryan Bergman, Strategy and Budget
Kelly Flannery, Finance
Policy
* As required by Chapter 159 of the North Carolina General Statutes, the City of Charlotte adopts annual appropriations and a tax levy ordinance and considers related actions by July 1 of each fiscal year.
* The annual budget is an instrument that establishes policy. The budget identifies and summarizes programs and services provided by the city and how they are funded. It is the annual plan that coordinates the use of revenues and associated expenditures.
Background
* The annual budget ordinance is presented in accordance with the City Manager's Proposed FY 2021 Budget presented on May 4, 2020, and subsequent City Council budget adjustments.
* The FY 2021 Budget is structurally balanced and focuses on four strategic priorities: Economic Development; Neighborhood Development; Transportation, Planning, and Environment; and Well-Managed Government.
* The budget development process includes input from the ...
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