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Expense to Budget: May As of May 31, 2023, 67% of FY 23 has elapsed Bank & Investment Accounts: • Moreton Investments: $3,218,724.48 • LGIP: $8,854,351.26 • DBF: $2,753,099.22 • Zions Sweep: $8,407,683.82 • Zions Checking: $149,264.00 Fund % Expended YTD General Fund 59.8% Admin 49.7% Police 58.6% Fire 72.6% Building & Zoning 62.7% Ambulance 43.3% Streets 68.5% Airport 65.2% Cemetery 49.2% Library 35.6% Parks & Rec 66.1% Parks 67.7% Golf 64.1% Water 36.9% WWTP 34.4% Sanitation 55% Treasurer’s Report July 5, 2023 Calendar ● July 2023: July 18 Public hearing for FY24 budget. ● August 2023: Present Budget ordinance to City Council for approval. Present forgone resolution to council. ● September 2023: Finalize and send off L-2 Certification to County. Prepare for year end close out. ARPA Projects ● Champions Gate- This project has been completed. Cost of project was $322,737.86. ● Radio Meters- In progress, Base Station installed. Currently about 800+ radios installed. ● Downtown Sewer Upgrade- Construction Delays with contractor. Project will go out for construction rebid. Misc. Items ● Fisher St: Started on Phase II will start paving end of month first of August. ● Meridian/HWY 91: Approved by ITD, LHTAC will go out to bid. ● West Bridge St, Bridge replacement: Held kickoff meeting environmental is starting. ● Chlorination Project: Contractors have started work.