Title
RESOLUTION APPROVING THE BUDGET FOR THE FISCAL YEAR MAY 1, 2022 TO APRIL 30, 2023 IN THE AMOUNT OF $7,165,688 FOR THE SPIRIT MOUNTAIN RECREATION AREA AUTHORITY.
Body
CITY PROPOSAL:
RESOLVED, that the budget for fiscal year May 1, 2022 to April 30, 2023, in the amount of $7,165,688 as set out in Exhibit A for the Spirit Mountain Recreation Area Authority is hereby approved.
Statement of Purpose
STATEMENT OF PURPOSE: The Spirit Mountain Recreation Area Authority (SMRA) is the only authority which operates on a different fiscal year than the rest of the city budgets. This resolution approves the expense budget for the Spirit Mountain Recreation Authority for the budget year May 1, 2022 to April 30, 2023 in the amount of $7,165,688. Exhibit B is SMRA’s FY23 Budget Overview explaining the assumptions used to formulate the budget.