I'd like to call to order this special meeting of the Peace and Town Council.

I'd like to uh start with the Pledge of Allegiance.

Chief Harakala, could you please uh lead us in the flash of allegiance first, sir?

Like this is why I didn't know.

Thank you, sir.

Sorry, I kicked it here.

So the purpose of this meeting is for fiscal year twenty twenty-four, twenty twenty-five proposed budget discussion, possible action regarding resolution number thirty-three ninety-six, a resolution setting forth the tentative budget and establishing the expenditure limitation for the town of Payson for fiscal year twenty twenty-four, twenty twenty-five.

Mr.

Town Manager, please take it away.

Number one, um, what is a municipal budget?

It is a financial plan for the next fiscal year.

It is based on estimates, projections, and things that we know and things that we don't know.

And that's really important.

The penalty for exceeding the expenditure limitation is a loss of state shared revenues.

So it's critical that our budget number is set in such a way that it allows on an annual basis for the town for you as the legislative director of these finances to be able to deal with things both that we do anticipate and plan for and things that we could not possibly anticipate and plan for.

And as a result of that, we can't exceed that expenditure limitation number.

Uh that number gets set with some degree of uncertainty that is involved with it.

It doesn't mean that the town intends to spend all of the money that it puts forth in its annual budget, and that is a very important distinction between a municipal budget and a private sector budget.

Uh the budget that you will see tonight is the result of your work and your policy direction.

You have held seven public meetings to date related to this budget and the contents of this budget.

You've given me and staff direction about things you wanted to include, and and importantly, you have defined goals and priorities for the community.

And my goal in presenting this budget to you tonight is to ensure that the budget represents your direction and there is alignment with your goals and priorities.

After we're done with the budget presentation, you will see our annual work plan, which is a brand new document that creates a nexus between the work that we will be doing as staff, your goals and priorities, and our financial plan.

It is an incredible tool that will allow residents once you approve it to see the nexus between the work that staff is doing and the financial plan that you are adopting.

And there will be progress reports on a quarterly basis that you will get and the community will get about our progress towards achieving those goals.

So with those introductory comments, uh I will turn it over to Dana, our finance director, who will quickly run through uh the information which you have uh seen before.

There are very few changes from our last two-day work session to get you to considering this resolution tonight.

Thank you.

And before we hand it over to you, Dana, I neglected to ask Michelle for a roll call.

Is that the record so that all council members are present except for council member?

Sorry about that.

All right, thank you, Dana.

Thank you, Mayor, Council members.

Um as our town manager mentioned, this is a review of the 24-25 tentative budgets.

We're working on getting the screen changed for you.

Go ahead.

Um proposed tentative budget.

Um tonight, what we're going to cover, we're going to look at uh some of the items that we covered in the May and the March meetings, uh, which include the one-time expenses, new personnel requests, ongoing enhancements, um, some of the capital improvement projects.

Um, we're gonna review a uh the tax levy rate update, um, although there's no action uh today on that, and then we're gonna review the major funds and look at a comparison to the major funds with the uh last year's budget.

Um can all everybody see the one-time requests uh this should be a review of um a slide we had in the uh budget workshop.

It just lists the uh one-time requests that the council approved for 90,000.

Um I don't know if everybody can see all the different pieces to what it was.

Yeah, one-time requests, yeah.

There we go, right there.

And these are specific things that the council um approved at the workshops.

Um we also uh brought forth new personnel requests and here is a list of the uh new positions, new positions that the council approved in that workshop.

Um you can go down the list.

There's uh five uh new full-time positions, uh, one part-time positions, and they total $507,000.

Just a quick clarification if there weren't enough interruptions going on around you, Dana.

On the previous slide, uh he mentioned one-time requests that council approved.

You actually haven't approved them, you'll be approving them as virtue of this tentative budget, but you did give staff direction related to those one-time requests.

Thanks for the clarification.

Thank you.

Um, we also looked at uh we brought forth uh some um one time uh enhancements to the budget uh during that work session, and lists each of those uh specific enhancements here, which total about $340,000.

Um we need to update you on the property tax.

Uh we did have a uh meeting regarding the property tax, and we indicated that the uh maximum levy rate without going to truth in taxation was uh 0.3002.

After that meeting, we got some information back that indicated our um that maximum rate should be 0.2992 percent, and that's gonna make a uh a slight difference in the property tax revenue.

It's gonna be about 717,000 instead of 720,000.

Okay.

So we want to make you aware of that.