Overview
As Mayor, I am proud to present the adopted budget for the City of Meadows Place for Fiscal Year (FY) 2023-2024. This budget is the result of input from Citizens, Council, Department Heads and Staff. It represents long hours of hard work and the dedication of many. Late Spring signals the time to begin the annual budget process which carries on throughout the summer. This is done to determine and prioritize the needs of the City. Budget requests are based on the obligations, programs and priorities that the City Council has discussed or committed to in the past. A recommended budget is formed based on the projected revenue and is then submitted to the citizens and the City Council. Council works with both the Mayor and Department heads in a collaborative effort to determine the most effective use or our tax dollars. After input from the public, the Council has the opportunity to revise the budget to conform with its objectives.
More than ever, the budget is a planning tool, providing guidance and direction to city staff throughout the budget year. It addresses the goals and objectives set by City Council, meets the criteria of the Meadows Place Vision Statement, and maintains the safety standards set forth by our citizens.
The City of Meadows Place is adopting a budget that was developed using a conservative approach as has been our practice in years past yet is able to assure city services and continued progress. Included in this year’s budget is $280,000 to be set aside for future City Infrastructure projects.
The Budget Process
Each Department Head worked diligently to prepare this budget.
There were first multiple departmental budget meetings and then with Mayor and Council collectively. Each and every budget line item was examined, scrutinized and justified to see how we could make the budget requests meet the city’s vision and still fit within the projected revenue forecasts.
Another part of the budget process is an annual review and adoption of the Capital Improvement Plan.
The FY 2023-2024 budget was adopted on August 15, 2023 by City Council and is posted below as well as the Capital Improvement Plan for the public to view. Both reports are also available for viewing in the City Secretary’s office.
Thank You, and please feel free to contact me if you have any questions regarding the budget, tax rate or finances of the city.
Charles D. Jessup IV – Mayor
CURRENT YEAR (2023 – 2024) INFORMATION
2023 – 2024 Meadows Place Adopted City Budget
2023 – 2024 Capital Improvement Plan
2023-2024 Adopted EDC Budget
2023 Tax Rate Notice Additional details of these tax rates can be found in the 2023 Tax Rate Calculation Worksheet.
The Adopted 2023-2024 Budget is based on an adopted tax rate of $0.799610 per $100 of assessed value. This rate is a decrease of $0.00639/100.
Note: there are no additional MUD, HOA or Levy District taxes in the City of Meadows Place. Total debt obligation for the City of Meadows Place secured by property taxes is $0.
View the 1st Q’24 Budget Report ending 03/31/2024, for FY 2023-2024 which is 50% complete.
4th Q’23 Budget Report, ending 12/31/2023, for FY 2023-2024
PRIOR YEAR (2022 – 2023) INFORMATION
2022-2023 Annual Financial Report, ending September 30, 2023
FYE 2023 Adopted Budget FYE 2023 Adopted Budget Charts
FYE 2023 EDC Adopted Budget
3rd Q’23 Budget Report, ending 9/30/2023, for FY 2022-2023
The following summary data is from the most recent 2022-2023 Annual Financial Report, ending September 30, 2023.
Previous City Budgets for Meadows Place
2022-2023 Adopted City Budget. View 2022-2023 City Budget Charts. 2022-2023 Financial Report
2021-2022 Adopted City Budget. View 2021-2022 City Budget Charts. 2021-2022 Financial Report
2020-2021 Adopted City Budget. View 2020-2021 City Budget Charts. 2020-2021 Financial Report.
2019-2020 Adopted City Budget. View 2019-2020 City Budget Charts. 2019-2020 Financial Report
2018-2019 Adopted City Budget. View 2018-2019 City Budget Charts. 2018-2019 Financial Report
View Prior Financial Reports for Meadows Place
View EDC Budgets for Meadows Place