CITY COUNCIL'S FISCAL YEAR 2022 BUDGET RETREAT MEETING IS MAY 10-11
The North Myrtle Beach City Council will hold its Fiscal Year 2022 budget retreat meeting May 10-11 at Santee Cooper’s Wampee Conference Center in Pinopolis, SC. The budget retreat meeting is open to the public.
City Council will formally open its two-day budget retreat meeting on May 10 at 8:00 a.m. at City Hall and will then immediately travel to Pinopolis to continue the meeting and discuss the City’s proposed budget. The meeting will end after City Council has completed its budget discussions on May 11.
The City’s fiscal year is July 1-June 30.
BUDGET RETREAT SCHEDULE
(The Timing Designated for Each Topic is an Estimate)
Monday, May 10, 2021
8:00am……......City Council Departs for Pinopolis
2:00-3:00..........Public Works Projects
3:15-4:15……..Park & Sports Complex Expansion
4:15-5:15..........Emergency Operations Center / Data Center
Tuesday, May 11, 2021
12:00-1:00……Lunch and Return Home
SOME PROPOSED BUDGET INITIATIVES FOR FY 2022
- The proposed budget involves 17 separate funds with significant interrelations and transfers between the various funds.
- The proposed FY 2022 budget is $122.6 million.
- The proposed budget does not include a property tax increase.
- Under the proposed budget, the year-end balance for the General Fund would be about $12.95 million, which is above the City’s 35% fund balance policy.
- Equipment replacement would continue on a pay-as-you-go basis.
MAJOR PROPOSED PROJECTS FOR FY 2022:
- $9 million for Phase I of the 18th Avenue North Ocean Outfall with construction beginning in fall 2021. The $5.5 million Phase II of the project would occur in fall 2022 (FY 2023). The project was postponed due to the COVID-19 pandemic.
- $8 million for the start of construction of an Emergency Operations Center (EOC) west of the Intracoastal Waterway, delayed due to the COVID-19 pandemic. Rated for a Category 5 hurricane and capable of accommodating all EOC personnel, the project includes building and shell work for a future fire station and data center added to the EOC.
- $1.75 million to place utilities underground in the Cherry Grove section of the city as part of the continuing Santee Cooper underground utilities project delayed due to the COVID-19 pandemic.
- $3.75 million in large water and sewer projects delayed due to the COVID-19 pandemic.
- The start of construction on the $36 million, 96-acre expansion of the North Myrtle Beach Park & Sports Complex, phased in over several years. The project was delayed due to the COVID-19 pandemic.
City Council will review about $3.75 million in proposed accommodations tax revenue expenditures. An Accommodations Tax Committee recommends to City Council expenditures of accommodations tax revenue. City Council may approve committee recommendations or redirect funding.
The first reading of the proposed budget is tentatively set for June 7. The first reading of any ordinance is also a public hearing.
Following the budget retreat, the City will post presentation materials on its website at www.NMB.us.