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File #: 15-20381    Version: 1 Name:
Type: Policy Item Status: Approved
File created: 5/10/2023 In control: City Council Business Meeting
On agenda: 6/12/2023 Final action: 6/12/2023
Title: Fiscal Year 2024 Operating Budget and Fiscal Years 2024-2028 Capital Investment Plan
Attachments: 1. FY2024 Annual Ordinance and Windup, 2. MTC CATS Budget Resolution, 3. CLTWATER Revenue Manual (July 2023 Revision), 4. FY 2024 Compensation and Benefits, 5. HOMES Resolution
Fiscal Year 2024 Operating Budget and Fiscal Years 2024-2028 Capital Investment Plan

Adopt the Fiscal Year (FY) 2024 Appropriations and Tax Levy Ordinance, the FY 2024 Compensation and Benefits Recommendations, and other items related to the Annual Budget Ordinance adoption:

A. The FY 2024 Operating Appropriations and Tax Levy Ordinance,

B. The FY 2024 - 2028 Capital Investment Plan,

C. The FY 2024 General Solid Waste Fee,

D. The FY 2024 Storm Water Services Fees,

E. The FY 2024 Transit Operating Budget, FY 2024 Transit Debt Service Budget, and FY 2024 - 2028 Transit Capital Investment Plan which was approved by the Metropolitan Transit Commission on April 26, 2023,

F. The Charlotte Water Rate Methodology by approving revisions to the Revenue Manual,

G. The FY 2024 Charlotte Water Rates,

H. The FY 2024 Compensation and Benefits Plan and associated Human Resources contracts,

I. Outside Agency and Municipal Service District contracts,

J. American Rescue Plan Act Funding and Resolution, and

K. Other budget items.

Committee Chair:
Dimple Ajmera, Budget, Governance and Intergovernmental Relations Committee

Staff Resource(s):
Marcus Jones, City Manager's Office
Ryan Bergman, Strategy & Budget
Teresa Smith, Finance

* 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.

* The annual budget ordinance is presented in accordance with the City Manager's Proposed FY 2024 Budget presented on May 1, 2023, and subsequent City Council budget adjustments.
* The FY 2024 Budget is structurally balanced and focuses o...

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