Header Pictures FV

FV Newsletter

The Fountain Valley Communications Team has been created to keep the community informed and connected on various departments’ programs and services including upcoming events. The team decided to create a monthly Fountain Valley Newsletter to update residents on subject matter we believe is of importance to you. 
Stay connected and sign up for the Fountain Valley Newsletter under Notifications to receive a text message or email when new information is posted.
Please email a topic you would like us to consider for future newsletter.

View All Posts

Jun 28

FY 2022-23 Budget Adoption

Posted on June 28, 2022 at 11:35 AM by Meghan Wishner

On Tuesday, June 21, 2022, City Council approved and adopted the FY 2022-23 Annual Operating Budget & Ten-Year Capital Improvement Program, FY 2022-23 GANN Appropriations Limit and Resolution establishing the FY 2022-23 Annual Schedule of Property Rental and Administrative Service Charges to the Municipal Water & Sewer Utility Funds. City Council approved a structurally balanced budget, with a $3.2 million projected General Fund surplus. The Proposed Budget provides the resources necessary to support, expand and/or improve the many services and amenities provided by the City that help make Fountain Valley not only “A Nice Place to Live” but also a world-class community in which to do business, shop, dine and play. 

The proposed FY 2022-23 looks to maintain current service levels and expand on the City’s strategic plan goals while enabling the City to continue to help the community return to normal post-pandemic by continuing to enhance the community’s quality of life and safety, while maintaining a conservative outlook for revenue and expenditure growth based on changing economic factors. Citywide, the total budget is $126.1 million, an increase of 9.9% over the adopted FY 2022-23 budget. 

These expenses are supported by $112.8 million in revenue, an increase of 1.9% percent from the current fiscal year (excluding ARPA funding of $7.9 million), and the use of one-time capital improvement reserve funding. These total figures reflect revenues and expenses for all funds citywide including the General Fund, Enterprise Funds, Internal Service Funds, Debt Service Funds and Special Revenue Funds.

The General Fund is the primary operating fund of the City and supports fundamental services including Police, Fire, Community Development, Community Services and general administration. Revenue for this fund comes from general taxes such as property tax, sales tax, Measure HH, transient occupancy taxes as well as a variety of user and permit fees and other smaller sources. The Proposed Budget for FY 2022-23 for the General Fund is $70.1 million in expenses and $73.3 million in revenue, with an additional $10.3 million for one-time capital projects.