The Lake Havasu City Council held a work session on April 10, 2025, to review the Fiscal Year 2024/25 year-end estimates, the Fiscal Year 2025/26 annual budget, and the five-year Capital Improvement Plan (CIP). The session focused on financial projections, project prioritization, and funding sources, with extensive discussion on infrastructure investment, a proposed outdoor pool, and other community amenities.
Good morning and welcome. I'll call to order our uh Lake Havasu City Budget CIP work session on Thursday, April 10th, 2025 at 9 a.m. If you would uh please join me in the Pledge of Allegiance, I pledge allegiance to the flag of the United States. Under God. Thank you. Miss Williams, if you please call the roll. Council members Nancy Campbell. Here Jenny Coke. Jim Dolin. Here. David Diaz. Aloha. Kim. Cameron Moses. Here. Mayor Michelle Lynn. Here. Mayor Kal Shee. Here. Thank you. Thank you. And Councilmember Koch will be joining us shortly. She's just a few minutes late, so we're going to just have the record reflect that. We'll go on to item four, which is our budget overview. 4.1 is a presentation discussion and potential direction to staff on the budget for fiscal year 24-25, your investments, and fiscal year 25-26 annual budget. Mr. Kenitson, do you want to start us off? Sure. Good morning, Mayor. Good morning, uh Council. It's that time of the year again. So staff has been working very, very hard for the last several several months on identifying our resources, trying to do the best we can in terms of identifying priorities coming from the uh the public and different uh departmental needs to better equip ourselves to be in a good position to deliver good quality services to Lake Havasu City. So uh we have a uh presentation um from uh Jill to talk about the financial overview. This is a bit of a continuation, obviously with updated numbers from our planning session that we had um back in I believe it was end of February. So we'll go through and identify some of that. Um there'll be some main themes that uh Jill will uh will touch on. Um I think one of the things in terms of uh as we see council input uh today is we are talking about the CIP portion of the budget today. So that's our one-time projects. There's maintenance costs associated with some of these, right? Um, but uh um but using one-time revenues. Well we'll come back in I think it's May 15th. We'll come back for the budget uh work session for the uh operating budget. So some conversations we'll have today might impact that, but we'll answer the best that we can. Um but just be uh just know that we're gonna come back with uh with uh lots more information on on the operating uh budget side of things. Um from as far as like the position financial position of the city, uh we're we're doing well uh in terms of the dollars we have for one-time projects. Uh that uh large part that's uh uh thanks to uh administrative services director Jill Olson and her uh budget and finance teams uh and putting us in a position where we're we're saving dollars each and every year, taking those dollars and and setting that aside uh for some of these one-time projects. That's why we've been able to invest in roads and infrastructure and uh fire engines and uh a lot and uh uh police uh vehicles and and things like that in the last uh couple years. So just kind of kind of delineate a little bit as we kind of seek uh council input on these things. Uh, you'll uh as you already know that uh uh the approach that we have uh on the staff side, obviously, as well as on the council side is that we are very, very fiscal, concern fiscally conservative. So we're always gonna err on the side of being conservative.