Title
Adoption of the Final 2021-22 Capital Funds Budget (Ordinance S-47690)
Description
In compliance with requirements of the City Charter and Code and State statutes, request to adopt an ordinance (Attachment A) adopting the final Capital Funds Budget for the City of Phoenix for the fiscal year 2021-22.
This adopts the final 2021-22 Capital Funds Budget for the fiscal year beginning July 1, 2021 and ending June 30, 2022. This capital funds appropriation will be funded by property tax and revenue supported bond proceeds, federal and state participation funds, passenger facility charges, customer facility charges, participation by other governmental entities in certain projects, development impact fees, capital grants, capital reserves, solid waste remediation funds and other capital funding sources.
Report
Concurrence/Previous Council Action
The final Capital Funds Budget ordinance reflects actions taken by Council at the June 2, 2021 Formal meeting to adopt the tentative budget ordinances and is consistent with the Five-Year Capital Improvement Program resolution approved by Council at the June 2, 2021 Formal meeting.
Department
Responsible Department
This item is submitted by City Manager Ed Zuercher, Assistant City Manager Jeff Barton and the Budget and Research Department.