Proposed 2021-22 & 2022-23 Budget Document (PDF)
FY 2021-22 & 2022-23 Proposed Budget Overview
The proposed budget for fiscal years 2021-22 and 2022-23 reflects the strength of the local economy emerging from the COVID-19 pandemic with a positive economic outlook given the extent of fiscal stimulus funding and level of pent-up consumer demand. The budgets for the two fiscal years are balanced with significant community investments made possible by projected General Fund revenues.
Budget Synopsis - The budget document offers a comprehensive plan and approach for the delivery of municipal services. It is the legal authority for the commitment of financial resources for providing municipal services within Grover Beach. The Grover Beach City Council will have a public hearing on the proposed Fiscal Year 2021-22 & 2022-23 Budget on June 14, 2021.
Overall, the proposed General Fund budget for FY 2021-22 will be balanced with revenues of $18.8 million and expenditures of $18.7 million for a surplus of approximately $137,000. The projected budget for FY 2022-23 is also balanced with revenues of $18.8 million and expenditures of $18.3 million for a surplus of approximately $487,000. The two-year budget is anticipated to produce ending reserves of approximately 32% of operating expenditures in FY 2021-22 and 36% in FY 2022-23 compared with the Council’s reserve goal of 25% to provide sufficient reserves for emergencies or unforeseen events. Anticipated budget surpluses in future years are projected to add to these reserves over time.
Table of Contents (PDF)