The Town Council has adopted a final budget of $35,303,495 for the 2017/2018 fiscal year that will begin on July 1.

In his staff report to the council Finance Director Craig Rudolphy said the $35.3 million represents estimated expenditures with estimated revenues of $26.6 million. The difference in the two is offset with dedicated revenues and fund transfers. As an example, a couple of capital projects in the budget will receive funds in the existing CIP and development fee funds.

The new budget is approximately $1 million more than the current year that ends June 30, but is more than $10 million lower than the FY 15 budget, which included the Saguaro Boulevard reconstruction project.

The budget has $8 million in capital projects that include Fire Station #2 relocation and Preserve trailhead construction in Adero Canyon.

Public services for the law enforcement contract with the Maricopa County Sheriff’s Office and contract with Rural/Metro for fire and medical emergency response totals about $7.7 million.

Nearly $6 million is budgeted from special revenue funds which include the state Highway User Revenue Fund for street maintenance and some public works services.

The administration budget totals just over $3.7 million, and debt service is approximately $3 million.

The Community Services budget, which includes parks and recreation, Community Center and Activity Center operations, is $2.3 million. Development Services has a budget approximately $2 million.

Economic development and tourism budgeting from the Downtown excise tax fund is $504,905, and Public Works budget is $837,495.

The budget looks to add two new part-time positions and one full-time employee, bringing staff to 44 full-time employees and 27 part-time making a total full-time equivalent of 55.95.

The budget includes a 2.5 percent wage increase for all employees making a total additional for wages of $78,790.

The town saved $100,000 in benefit costs through the Arizona Metropolitan Trust for the coming budget year.

Total personnel costs are $4,209,986, an increase of 6.2 percent.

In conjunction with the budget the council also approved a resolution adopting the budget implementation policy for the coming year. That policy includes organizational charts, pay plan, job descriptions, schedule of authorized positions and the comprehensive fee schedule for the year.

Acting separately a board of directors for the Eagle Mountain Community Facilities District and the Cottonwoods Maintenance District the council approved budgets for those entities.

The Eagle Mountain CFD is simply debt service on bonds sold for infrastructure in the Eagle Mountain subdivision. Costs for the coming year will total $407,656 including administration. The tax levy for residents of the development is approximately $1.30 per $100 limited property value assessed valuation.

The Cottonwoods district has a budget for the coming year of $5,454 to maintain landscaping and upkeep on the perimeter wall in the Cottonwoods subdivision at Grande and Saguaro boulevards. The cost per homeowner is $94.04 for the year.

All budget-related items were approved by the council on unanimous 7-0 votes.