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 2019/2020 Budget Schedule details the opportunities the public has to participate in the process.
The Draft FY2019/2020 Operating and 5-Year Capital Improvement Budget will be presented to Council on Thursday, May 16th, 2019 at a special six hour Council meeting dedicated to reviewing the draft budget. Staff will bring a proposed budget to Council, with all changes from the May 16th meeting, on June 11th, 2019.
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 FY18/19.
Draft FY2019/20 Annual Operating Budget & 5-Year Capital Improvement Project Budget:
To download the entire budget at once click the link that follows: Draft FY19/20 Annual Operating Budget
Prior Fiscal Year Budgets:
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
10183 Truckee Airport Road
Truckee, CA 96161