Article IV, Section 4.02, of the City Charter requires that the City Council receive a budget covering the next fiscal year prior to August 10 each year. As part of the budget submittal, a list of capital projects which should be undertaken within the next five succeeding years is required and is submitted as a separate document, the Proposed 2022-2026 Capital Improvement Program (CIP).

Both the budget and the CIP are submitted as "proposed" since adjustments may be made after the City receives the final certified property valuations from the Collin Central Appraisal District and after the Planning Commission reviews and makes recommendations of the CIP in August.

Additionally, changes to the proposed budget and CIP may be made pursuant to the direction of the City Council.

Staff recommends that the City Council receive and review the Proposed 2021-2022 City Budget and the Proposed 2022-2026 CIP.  A budget discussion with the City Council and staff will occur in August.  A public hearing is planned for September 14, 2021. The Proposed Fiscal Year 2021-2022 Budget and Proposed 2022-2026 CIP document will be distributed at the July 27, 2021, City Council meeting.

I make a motion to acknowledge receipt of the Proposed 2021-2022 City Budget and the Proposed 2022-2026 Capital Improvement Program as submitted by the City Manager in accordance with Article IV, Section 4.02 of the City Charter.