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HomeMy WebLinkAbout2022-01-26; Library Board of Trustees; ; FY 2022-23 Budget Policies and Timelines ITEM #4 Meeting Date: January 26, 2022 To: Library Board of Trustees From: Fiona Everett, Senior Management Analyst Staff Contact: Fiona Everett, fiona.everett@carlsbadca.gov Subject: FY 2022-23 Budget Policies and Timelines District: All Recommended Action Receive report. No action needed. Executive Summary/Discussion Staff will share the FY 2022-23 budget policies and timelines with the board. Next Steps None. Fiscal Analysis None. Public Notification Public notice of this item was posted in keeping with the Ralph M. Brown Act and was available for public viewing and review at least 72 hours before the scheduled meeting date. Exhibits None. January 26, 2022 Page 21 of 23 LIBRARY BOARD OF TRUSTEES Staff Report FY 2022-23 Budget Priorities & Timelines Fiona Everett, Senior Management Analyst Library & Cultural Arts Department January 26, 2022 {city of Carlsbad TODAY’S PRESENTATION •City Council Strategic Planning •Budget Challenges •Budget Guiding Principles •Budget Directives •Department Strategy •Timeline ITEM 4: FY 2022-23 BUDGET { City of Carlsbad CITY COUNCIL STRATEGIC PLAN •New effort to create 5-year vision for the city and develop goals around it •Strategic Plan will help operationalize progress on goals over a longer time period •Ties the budget process to the goals •Upcoming workshop –Feb. 1 @ 6 p.m. •Department needs to carry out core services and address priorities should tie to the strategic plan themes ITEM 4: FY 2022-23 BUDGET { City of Carlsbad STRATEGIC PLAN THEMES •Economic vitality •Sustainability and the natural environment •Community character •Quality of life and safety •Organizational excellence and fiscal health ITEM 4: FY 2022-23 BUDGET { City of Carlsbad CITY BUDGET CHALLENGES •Inflation •Rising personnel costs •Rising utility costs •Funding long-term capital investments –Aging infrastructure –Digital transformation •Fiscal sustainability with slower development •Service costs are outpacing revenues ITEM 4: FY 2022-23 BUDGET { City of Carlsbad CITY BUDGET GUIDING PRINCIPLES •Ongoing revenue must equal or exceed ongoing expenditures •One-time revenues shall be used for one-time costs •Make sound decisions that are supported by data •Efficient and effective service delivery to meet service needs •Nimble and flexible, in response to unanticipated needs and to build resilience ITEM 4: FY 2022-23 BUDGET { City of Carlsbad 2022-23 BUDGET DIRECTIVES •Each department is required to reduce their operating budget by 2% •Can be M&O or personnel •Required to explain in budget submission how department will meet the 2% reduction •Increases and supplemental requests will only be considered after this requirement is met ITEM 4: FY 2022-23 BUDGET FY 2022-23 DEPARTMENT STRATEGY 2% required reduction –Focus on M&O rather than personnel –Already have modest underspending across the department –Reduced open hours saves on costs of service like utilities –Optimize use of funds from support organizations, donations and endowments ITEM 4: FY 2022-23 BUDGET {city of Carlsbad FY 2022-23 DEPARTMENT STRATEGY Supplemental Personnel Requests •Position changes supporting organizational change –Add’l Business systems staff –Add’l Genealogy/Carlsbad History librarian –Add’l Adult & Teen Services senior librarian •Part-time to Full-time conversion requests –PT recruiting & retention is challenging –Succession planning –building tenured expertise at more levels ITEM 4: FY 2022-23 BUDGET 0000 {city of Carlsbad BUDGET TIMELINE BUDGETS SUBMITTED TO CITY BUDGET TEAM BY FEB 18 DEPT BUDGET REVIEW WITH FINANCE MAR 10 PRESENT DEPT BUDGET TO CITY MGR APR 15 BUDGETS FINALIZED. PRESENTED TO CITY COUNCIL MAY 17 BUDGET ADOPTED BY CITY COUNCIL JUNE 7 ITEM 4: FY 2022-23 BUDGET CONCURRENCE FROM LBOT APR 27 >>> ))) ))) >>> { City of Carlsbad