City of Silverton: City staff prepares budget for 2021-22 fiscal cycle

July 2021 Posted in Community, Other

The budget process began in January 2021 with staff developing revenue estimates and cost projections to maintain current services at the existing level and to fund other projects based on Council Goals, Capital Improvement Plans and citizen requests. Revenue projections are based on information from other governmental agencies, prior year actual data and by estimating any changes within the community.

Once staff completed their calculations for revenue projections and requests to cover the costs of services, the information is provided to the City Manager. The City Manager reviews the requests before the Preliminary Budget is prepared and made available to the Budget Committee and citizens. After approval of the budget by the Budget Committee, the information is presented to the City Council who adopt the budget, levies the taxes and approves the appropriation authority.

The City of Silverton adopted the budget for fiscal year 2021-2022, which is for July 1, 2021 through June 30, 2022, at the June 21, 2021 Council Meeting. The total budget is $63,132,851

and the graph at right shows the budget by fund types. The budget does include funding of an additional position in the Public Works Maintenance Department that will work in the parks and on street related issues. Silverton is proud of its healthy financial position and the ability to continue to address the infrastructure needs of the community. Last fiscal year saw the completion of the McClaine Street Improvement Project which was done without the need to seek financing for the project. This year includes work on the Silver Creek Raw Water Line Project which is partially funded with an EDA Grant as one of the major projects. The Civic Building Project is another major project continuing within the City’s Budget for fiscal year 2021-2022.

The budget document is located on the City of Silverton website: www.silverton.or.us. The City has also received the Distinguished Budget Presentation Award for the prior year’s budget and will be submitting the recently adopted budget for review.

FUND TYPE

General Fund…………………………$9,184,987

Enterprise Funds…………………..$18,130,232

Special Revenue Funds…………$13,815,267

Debt Service Funds……………………$463,992

Reserve Funds………………………..$1,550,860

Capital Projects Funds………….$16,653,158

Internal Service Fund……………..$3,334,355

Total…………………………$63,132,851

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