FY 2013-14 Operating Budget Now On-Line

Follow this link to view Folsom's FY 2013-14 Preliminary Operating Budget. 

The Folsom City Council adopted a $65.9 million Operating Budget for Fiscal Year 2013-14 during the April 23 Council meeting.  The budget is balanced and does not draw upon General Fund reserves.

“This budget will allow us to maintain our priorities without reducing or eliminating our most important programs and services,” says Mayor Steve Miklos.  “General Fund allocations for public safety, cultural and recreation, community services and general government are at a level similar to previous years.  We are not tinkering with these percentages because we believe we have achieved a proper balance to support our community’s priorities.”

Miklos also points out that the new budget is structurally sound and takes vital steps toward long-term sustainability by reducing dependence on one-time revenues and use of fund balances.  It also includes a modest reinvestment in infrastructure equipment and facilities.

“The good news is that property and sales tax revenues are up a bit and that improves our fiscal outlook,” says Miklos.  “Building activity is on the rise and we’re seeing a steady increase in residential and commercial development.”

On another positive note, City officials expect to complete the current fiscal year under budget.  For the second year in a row, the carry-over funds will be invested in the City’s General Fund reserve account. 

City Manager Evert Palmer notes that local government still faces economic factors out of its control and that ongoing fiscal restraint is necessary. 

“We continue to implement structural reorganizations to increase efficiencies and create capacity.” Palmer says.  “We are compelled to eliminate eight staff positions across several departments. This reduction brings our workforce to 412, which is a 29.5 percent reduction since 2008.”