2009-10 Budget Info

BUDGET MESSAGE 2009
Randy Fitts, City Manager 


On June 18, the City Council passed both the 2009-2010 Operating Budgets and the Capital Improvements Budget. It has been a very difficult year in trying to forecast revenues in a recession period. Most of the revenues are down due to various reasons but the main one being the economy.

 In the building department we are down substantially over last year’s revenues due to the fact that there is a great deal less new construction going on in Holladay. The gas tax that we receive from the state is down because there is less gas being consumed. One of our main sources of revenue is sales tax. This too has shown a major decrease for two reasons; first, the loss of sales at the Cottonwood Mall and second, the current economic conditions have hit all retail businesses. As we compare ourselves to surrounding cities we are fortunate that we are not behind as much as some of our neighbors are. The City Council has spent many hours refining the budget and making cuts wherever they could. This year’s budget showed decreases in expenses in most departments. The Capital budget is very lean. 

This year’s budget shows neither increase in personnel nor any increases in salary. Shown below are some of the most important charts that summarize the City’s revenue and expenses for the 2009-2010 budget year. Below are detailed charts and lists (the files are in pdf form)

2009-10 General Fund Budget - by levels (pdf)
2009-10 Captial Improvement Budget ( pdf)
2009-10 Debt Service Budget - pdf

Tax Revenue Chart
Money Received Chart
Where the Money is Spent chart
General Fund Expenses
Capital Fund Expenses