Town Manager presents balanced recommended budget for FY 2019/20

Published on April 19, 2019

At the April 17, 2019 Oro Valley Town Council Meeting, Town Manager Mary Jacobs presented the Town Manager's Recommended Budget for FY 2019-20 in the amount of $110.3 million. Click here to view the budget document in its entirety.

The balanced budget represents the allocation of resources to achieve the goals outlined in the Town Council's recently adopted Strategic Leadership Plan, which was built on the vision and framework of the voter-ratified Your Voice, Our Future General Plan.

One major difference from last year to this year is a change in how the Town reports its financial reserves, also known as contingency funds. On the surface, this would appear to be a $32.6 million dollar reduction in the budget from the current fiscal year to next year. To align with municipal budgeting best practices, the reserves have been excluded from the overall budget, except for those that are expected to be spent"”approximately $5.5 million.

"Reporting the Town's contingency funds separately from actual operating expenses helps give residents a better picture of our spending plan," explains Jacobs. "While next fiscal year's budget represents a $32.6 million decrease over last year's budget, when you compare apples-to-apples, the operational budget recommended for FY 2019/20 totals $107.5 million, which is a $1 million decrease from the operational budget for the current year ($108.5 million)."

The Town will still continue to report its contingency reserves in the Fund Summaries section of the budget as well as in the Comprehensive Annual Financial Report.  

In her budget message to Council, Jacobs goes into further detail about how the recommended budget was developed, and how the plan seeks to invest in the Strategic Leadership Plan's seven focus areas. Click here to view the message in full.

As part of the budget process, the following public meetings will be held at Oro Valley Town Hall, 11000 N. La Cañada Drive. The public is invited to stay informed and participate in the process. Anyone who is unable to attend a meeting but would still like to provide input on the budget document may submit comments via email to ask@orovalleyaz.gov.

PUBLIC MEETING SCHEDULE

April 24 @ 6 p.m. - Council Budget Study Session, Council Chambers

  • Focus areas: Public Works, Water Utility, Capital Improvement Projects, 5-Year Forecast

May 8 @ 6 p.m.  - Council Budget Study Session, Council Chambers

  • Focus areas: Parks & Recreation, Police Department, Community & Economic Development, Town Administration

May 14 @ 4 p.m. - Budget and Finance Commission, Hopi Room

May 15 @ 6 p.m. - Council Regular Session, public hearing on proposed budget, Council Chambers

June 5 @ 6 p.m. - Council Regular Session, public hearing on final budget adoption, Council Chambers

 

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