Leadership and collaboration among elected officials, Town staff, and members of the public resulted in a unanimous vote by the Cave Creek Town Council in favor of the FY25 Budget at the June 3, 2024 Town Council meeting.
The Budget, which covers the period of July 1, 2024 through June 30, 2025, is capped at $57,393,797. If the Council wishes to make any changes, they can only be made within line items and the total amount of the Budget must remain the same or less.
“I am happy to report that the FY25 Budget is a structurally balanced spending plan that will provide the resources we need to deliver high-quality public services to our community,” said Mayor Bob Morris. “Notably, bonds from our utility acquisition and expansion are nearly repaid. Once reaching more than $66 million, the debt will be reduced to just over $16.5 million after the July 1 payment is made,” continued Morris.
The Town’s Strategic Plan guides the Budget process. Focus areas include Fiscal Sustainability, Economic Vitality, Safe and Vibrant Community, Innovative and High Performing Organization, and Infrastructure. According to Mayor Morris, “We prioritized large capital projects including upgrades to our fire station as well as securing our Central Arizona Project (CAP) water distribution system via an interconnection with Phoenix. We also allocated significant funding for traffic and pedestrian safety measures, road paving projects, land preservation, community outreach, and revitalizing our Town Core medians and pathways.”
The Budget includes summaries of revenues, expenditures, program costs by departments, state and federal grant applications, and capital expenditures within the Town’s capital improvement plan. It was publicly vetted and discussed in April and May to identify and review staff recommended budget items and any new items for consideration. Throughout the year, the Town Manager will monitor departmental objectives in relation to overall Town goals. Each Director will monitor their budgets, which are also overseen by the Finance Director. The Finance Director provides quarterly status reports to the Council to ensure fiscal oversight by elected officials representing their constituents.
Mayor Morris concluded, “Transparency and communication regarding the Budget and all Town operations are key. Please let me know how we can meet and exceed your expectations by contacting me at [email protected].” For Budget details, please visit www.cavecreekaz.gov/budget.
— Town of Cave Creek
Bob Morris, Mayor
