Budget

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Annual Operating Budget and Five-Year Capital Improvement Project Budget

The Town’s budget process begins in January of each year and ends with the adoption of the budget by June 30 of that year.  The Town’s budget process is a public process and citizens are encouraged to participate. The 2018/2019 Budget Schedule details the opportunities the public has to participate in the process. Please check back in January of 2019 for the 2019/2020 Budget Schedule and opportunities to participate..

The Proposed FY2018/19  Operating and 5-Year Capital Improvement Budget was presented to Council for final approval on Tuesday, June 12th, 2018 as part of the regularly scheduled Council meeting and was approved in a unanimous vote.

 A convenient way to get up to date on the budget is the Budget Fact Sheet. It is a one page document that details the highlights of the budget. Here is the Budget Fact Sheet for FY 18/19.

FY2018/19 Annual Operating Budget & 5-Year Capital Improvement Project Budget:

i. Table of Contents

  1. Overview - Town Manager's Letter

I. Appendices

To download the entire draft budget at once click the link that follows: FY18/19 Annual Operating Budget (11.6MB)

Prior Fiscal Year Budgets:

FY17/18 Annual Operating Budget & 5-Year Capital Improvement Project Budget (3.7MB)

FY16/17 Annual Operating Budget & 5-Year Capital Improvement Project Budget (9.0MB)

FY15/16 Annual Operating Budget & 5-Year Capital Improvement Project Budget (11.8MB)

FY14/15 Annual Operating Budget & 5-Year Capital Improvement Project Budget (6.9MB)

FY13/14 Annual Operating Budget & 5-Year Capital Improvement Project Budget (4.8MB)

FY12/13 Annual Operating Budget & 5-Year Capital Improvement Project Budget  (7.1MB)

FY11/12 Annual Operating Budget & 5-Year Capital Improvement Project Budget (5.6MB)

FY10/11 Annual Operating Budget & 5-Year Capital Improvement Project Budget (7.5MB)

FY09/10 Annual Operating Budget & 5-Year Capital Improvement Project Budget (6.5MB)

FY08/09 Annual Operating Budget & 5-Year Capital Improvement Project Budget (6.7MB)

Understanding the Town’s Budget

Through a collaborative effort between the Administrative Services Department and other Town Departments, the budget is based on the priorities set by the Town Council and estimates revenues and expenditures based on current economic conditions.

The Town’s Budget has 3 main components: the Operating Budget, the Capital Improvement Project Budget, and the Redevelopment Successor Agency Budget.

The Operating Budget estimates revenues and expenditures of Town operations. The General Fund is the major operating fund of the Town. The General Fund’s three main sources of revenue are property tax, sales tax, and transient occupancy tax. For Fiscal Year 2018-2019, these three sources of revenue account for over half of the Town’s total General Fund revenues of $19.8 million.

Total  budgeted General Fund operating expenditures for Fiscal Year 2018-2019 are $21.2 million. These expenditures are the estimated cost of providing services to the Town, including public safety, road maintenance, snow removal, and planning services.

The Capital Improvement Project Budget (CIP) is a five year budget that is updated each year for the next five years. The total  ive year FY18/19-FY22/23 CIP Budget, excluding unfunded amounts, is $85.6 million. Capital improvement projects are projects that may last longer than one year, have an investment of more than $10,000, and involve infrastructure or other capital assets. For example, projects include roundabouts, intersection improvements, bridge seal replacements, and bike lane projects.

For a copy of the budget or for more information, please contact:

Town of Truckee Administrative Services Department
Attn: Nicole Casey, Senior Accountant
ncasey@townoftruckee.com
10183 Truckee Airport Road
Truckee, CA 96161
(530) 582-2907

 

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