Poway’s 2018-2019 fiscal year budget was approved at the June 19 council meeting. In a report to City Council, City Manager Tina White noted it was going to be a year of “holding the line” for Poway’s budget.
“Although modest increases in revenue are projected,” she said, “increases are outpaced by growth in expenditures, namely contract law enforcement services and pension plan payments for the City workforce.”
The budget projects revenues for the upcoming fiscal year (July 2018 to June 2019) to be sufficient to cover city-wide expenses. The City’s operating budget is approximately $88 million and covers the day-to-day costs of providing services for law enforcement and fire protection, parks and recreation services, streets and utilities (including water, sewer, drainage and stormwater). The City continues to maintain a little more than $20 million in reserves.
As part of the annual budget process, departments are tasked with critically analyzing their budgets and given the opportunity to submit new funding requests for consideration. The City Manager’s office evaluates those requests and only those items proving to be fiscally prudent and beneficial to advancing the City’s goals were included in the recommended budget.
While the budget was approved unanimously, Councilmembers took the opportunity to give their feedback on specific items in the budget and challenges facing the City in the future.
To watch the public hearing on the proposed fiscal year budget, click here. Read the council agenda report here.