Meeting Summary
The city council held a study session to review the FYE 2022 Capital Improvement Program budget status and council priorities. Discussions centered on allocating a projected general fund surplus, with council prioritizing deposits to the rainy day fund, a vehicle wash project, and Andrews Park improvements. A significant municipal complex renovation project was tabled for further council input, while Norman Forward projects for the Young and Senior Centers are expected to be covered by savings from the James Garner project.
Key Decisions & Votes
Allocation of General Fund Surplus
Council decided to allocate portions of the general fund surplus to bring the rainy day fund to its target level, fund a vehicle wash, and support Andrews Park projects.
Municipal Complex Renovation Proposal
A proposal for a $6 million renovation of the municipal complex, particularly for the police and IT departments, was tabled to gather more council input.
Norman Forward Projects Funding
Projects for the Young Center ($1 million) and Senior Center ($500,000) were identified as being covered by savings from the James Garner project, rather than requiring general fund surplus.
Financial Matters
General Fund Surplus
Projected surplus in the general fund due to strong sales tax revenues over the last 12 months.
Rainy Day Fund Deposit
A portion of the general fund surplus will be used to bring the rainy day fund to its targeted level.
Vehicle Wash Project
Funding allocated from the general fund surplus for a vehicle wash.
Andrews Park Projects
Funding allocated from the general fund surplus for projects at Andrews Park.
Municipal Complex Renovation
A proposed renovation project for Building B (Police Department) and IT facilities, with a $6 million price tag, was discussed.
Norman Forward Young Center Project
A $1 million project for the Young Center, expected to be covered by savings from the James Garner project.
Norman Forward Senior Center Project
A $500,000 project for the Senior Center, expected to be covered by savings from the James Garner project.
Coming Up
Tabled
- Municipal complex renovation (pending more council feedback)
Watch For
- Further discussion on municipal complex renovation by May 3rd meeting
- Updates on finance in future finance meetings
Agenda Summary
FYE 2022 Capital Improvement Program Budget Status and Council Priorities
Review of current projects and proposals for next year's leadership, focusing on the allocation of a projected general fund surplus due to strong sales tax revenues.