City Council

PRELIMINARY BUDGET FY 2024  OPERATING/CAPITAL REQUESTS FUND FUND Cash available Revenue Oper Exp Cap Exp Net Cash NO. DESCRIPTION 101 General Fund 2,452,541.84 35,325,092 35,840,680 1,230,100 706,853.84 201 Correction Fees 647,762.14 57,900 52,500 653,162.14 202 Environmental Surcharge 461,160.84 1,700,000 610,164 1,062,389 488,607.84 209 State Fire 21,741.57 667,066 523,720 165,000 87.57 211 Law Enforcement 144,076.24 1,001,640 1,001,640 82,000 62,076.24 213 Special Library 140,622.41 1,500 - 142,122.41 214 Lodger's Tax 1,265,848.80 1,693,000 2,037,338 92,000 829,510.80 216 Gas Tax 1 Cent 464,836.65 2,566,539 2,297,375 734,000 0.65 219 Senior Citizens 74,342.08 746,360 719,422 101,280.08 221 Navajo Gallup W GRT .25% 10,052,029.82 2,000,000 5,953,616 118,000 5,980,413.82 222 Navajo Gallup W County 2,181,488.75 1,000,000 3,124,099 57,389.75 280 Cannabis 14,282.30 200,000 200,000 14,282.30 290 Gallup Detox/Wellness 93,166.07 835,000 835,000 93,166.07 293 Business Improvement 48,600.29 240,000 240,000 48,600.29 306 Water Capital 1,240,672 1,240,672 - 307 Electric Capital 4,809,000 4,809,000 311 Infrastructure GRT .125% 494,302.19 2,223,693 2,372,179 345,816.19 375 Vehicle Replacement Fund 5,236,288.66 - - 2,232,000 3,004,288.66  OPERATING/CAPITAL REQUESTS FUND FUND Cash available Revenue Oper Exp Cap Exp Net Cash NO. DESCRIPTION 460 NMFA WPF4823 123.10 58,960 58,959 124.10 461 NMFA WPF5099 - 119,304 119,303 1.00 462 Debt Service Env Surch (202) - 359,164 359,164 - 463 NMFA WPF5424 - 158,782 158,782 - 475 NMFA Loan Gallup PPRF-4966 Electric 103,646.99 317,532 317,532 103,646.99 480 09/12 W/WW Refunding 254,747.10 955,988 955,987 254,748.10 481 09/12 GRT Refunding Rev 240,403.69 1,098,328 1,098,328 240,403.69 483 10/12 NMFA Gamerco Pipeline 1,001.14 91,456 91,456 1,001.14 485 NMFA Loan Gallup #9 WTB247 441,971.04 80,976 80,976 441,971.04 486 NMFA Loan Gallup #11 WTB 283 1,444.83 83,324 83,324 1,444.83 487 NMFA Loan Gallup #12 2,874.76 91,564 91,564 2,874.76 488 NMED Loan 2018 98,727.00 - - 98,727.00 489 NMFA WPF-4338 291,571.64 51,288 51,287 291,572.64 497 06/10 Sales Tax Bond 622,194.31 607,346 607,346 622,194.31 498 02/11 GO Bond Refunding 472,254.53 415,000 494,716 392,538.53 499 NMFA Loan SSGRT 2022 99,984.73 285,529 285,529 99,984.73  OPERATING/CAPITAL REQUESTS FUND FUND Cash available Revenue Oper Exp Cap Exp Net Cash NO. DESCRIPTION 504 Solid Waste 244,554.88 3,729,000 3,630,963 55,000 287,591.88 505 Nav/Gallup Fee 7,292,807.48 1,250,000 146,446 8,396,361.48 506 GJU w (1,553,573.69) 6,832,100 6,501,636 - (1,223,109.69) 507 GJU Electric 5,990,458.12 25,557,500 30,603,444 901,064 43,450.12 508 GJU WW (366,877.49) 5,520,000 5,515,074 (361,951.49) 515 Airport Enterprise 162,819.74 73,000 120,230 17,500 98,089.74 516 Fitness Center 271,360.49 260,000 370,175 161,185.49 603 Risk Management - 2,352,091 2,312,091 40,000 -  OVERALL BUDGET TOTALS • 41 Funds budgeted • Revenue Total $106,655,694 • Expenditure Total $109,862,045 BUDGET MATRIX  EMPLOYEE RETENTION INITIATIVES • Holidays – 3 new holidays have been approved and we are working with the City Manager to implement • Cola – 5% July 1 • Compensation study underway • Alternate work schedules have been authorized and we are working with the City Manager to implement  UPDATES • General Fund Cash policy updated to 20% from 25% • Cash update for transfer of General fund unexpended budget  NEXT STEPS • Update waste water, water and solid waste rates for presentation to Council • Continue compensation study, implement during FY 24 • Work with new City Manager to balance general fund budget for FY 25