The Cosumnes Community Services District Board of Directors recently approved a balanced operating budget for fiscal years 2021-22 and 2022-23. The adopted budget marks the district’s first rolling biennial budget, a methodology of budgeting used to reduce the constrains of forecasting revenues and expenditures in an unstable economy.
The biennial budget was developed with an eye toward a future correction in the economy, modest revenue growth assumptions, minor adjustments to baseline budgets, and the ongoing need to address the district’s long-term obligations.
Cosumnes Community Services District is a California Special District that provides emergency medical, fire protection, parks and recreation services in south Sacramento County. The district is dedicated to protecting the health and safety of its residents, maximizing the enjoyment of the natural environment, and providing gathering spaces, inclusive recreational programs and events to a growing and diverse community.
Agencies across California continue to face mounting short- and long-term financial challenges, including pension costs continuing to escalate due to lower-than-expected returns, compounding costs associated with insurance coverage, the ongoing pandemic, and decreases to property tax revenues.
“Fortunately, the District has a solid budgetary foundation that should allow it to withstand negative impacts,” said General Manager Joshua Green. “We have a fiscally responsible Board of Directors; a dedicated staff; a reasonably stable property value/assessment base; a successful record in competing for state and federal grants; a long-term forecast model to help in decision making; and most importantly, a very limited and strategic approach to ongoing increases in costs to providing services.”
Fiscal years 2021-22 and 2022-23 are budgeted at $150.7 million and $154.1 million, respectively. This is an increase from the 2020-21 fiscal year budget of $131.3 million, primarily due to increases in restricted, non-discretionary reserve funds to design, engineer and construct new infrastructure.
The capital improvement projects within the biennial budget include the construction of Fire Station 77, design and construction of the Morse Park Community Center, new parks, and various playground revitalizations.
The biennial budget implements the District Board strategic goals and priorities, provides a financial plan that continues to deliver high levels of service to the community and is responsive to the residents, visitors, and business community of the district.
The biennial budget is available on the Cosumnes CSD website. For more information, contact Chief Administrative Officer Nitish Sharma by email.
Cosumnes Community Services District is an innovative, inclusive, and intentional regional leader committed to providing superior emergency medical, fire protection, parks and recreation services that exceed expectations and enhance the quality of life for the 205,000 south Sacramento County residents we serve.