Fiscal Years 2023-25
Operating & Capital Improvement
Program Budgets
1 City Council
June 20, 2023
May 11, 2021
Budget Overview
● Overall, City remains in a strong financial position due to significant residual fund balance and stable property tax revenues
● Operating revenues fully cover operating expenditures, including both baseline and new requests
● The Biennial Budget is “tight” due to a number of factors resulting in increased expenditures, as well as conservative revenue forecasting due to uncertain macro economic and development market conditions ● The Budget includes use of substantial residual fund balance to cover capital improvement program and one-time requests during constrained fiscal circumstances
2 Operating Budget Overview
3 FY 2023-24 & FY 2024-25
Budget Overview - General Fund
General Fund expenditure budget proposed at $152.6 million for FY 2023- 24 and $140.3 million for FY 2024-25
4 Budget Overview – All Funds
All Funds proposed budget at $313.2 million in FY 2023-24 and $281.4 million in FY 2024-25
5 City Council Directed Operating Budget Changes
6 Department Proposed Year 1 Year 2 Funding
Source
Base Reuse &
Econ Dev
Increase funding to the West Alameda Business
Association (WABA) and the Downtown Alameda Business
Association (DABA) for outdoor community spaces
$40,000 $40,000 General Fund
Base Reuse &
Econ Dev
Add Alameda Point wayfinding signage $50,000 Alameda
Point
Rec & Park Reduce reimbursement to Alameda Swimming Pool Association
$(15,000) $(15,000) General Fund
Rec & Park Increase funding for Financial Assistance Program $15,000 $15,000 General Fund Rec & Park Add maintenance of Bohol Circle Immigrant Park Space $4,800 $4,800 Alameda Landing
TOTAL $44,800 $94,800
Capital Improvement Progam Budget Overview
7 FY 2023-24 & FY 2024-25
Capital Improvement Program Budget Overview
● Proposed:
○ $72.8 million for FY 2023-24
○ $32.3 million for FY 2024-25
● $12.1 million in grant funding over two-year period.
● Includes $26.3 million of General Fund contributiuon (25% of total two-year funding)
8 9
Capital Improvement Program Budget by Project Type
Pavement,
Signals and
Lighting
15%
Sanitary
Sewer
24%
Stormwater, Lagoons
and Shoreline
4%
Buildings and
Facilities
19%
Parks
22%
Transportation
System
Enhancements
16%
10 Capital Improvement Program Budget by Fund Source
Source % Total
Capital Budget
General Fund 25%
Construction
Improvement Tax
2%
Gas Tax & Road
Maintenance
4%
Measure BB & Vehicle
Registration
12%
Stormwater 2%
Sewer Services 25%
Facilities ISF 4%
Alameda Point 7%
Other/Misc. 6%
Grants 13%
General Fund
Construction
Improvement
Tax
Gas Tax & Road
MaintenanceMeasure BB &
Vehicle
Registation
Stormwater
Sewer Services
Facilities ISF
Alameda Point
Other/ Misc.
Grants
City Council Directed Capital Budget Changes
11 Project Proposed Year 1 Year 2 Funding
Source
City Buildings –
Veterans’ Building HVAC
Improvements
Add funding to expedite planned facility
improvements at the Veterans’ Building
$102,000 General
Fund
Parks Maintenance –
Bohol Circle Immigrant
Park Space
Add funding for conversion of landscape to
lawn
$50,000 General
Fund
Pavement Management
– Pothole Repairs
Increase funding for expediting pothole
repairs
$300,000 RMRA
TOTAL $452,000
Veteran’s Memorial Building
● Building used by the Veterans Group, ARPD youth programs and the Library Adult Literacy Program ● General Fund supports majority of building costs; Library funds 3.7% ● Annual maintenance includes ($167K): service request response, general repair services, elevator service and repair, janitorial service, fire alarms, fire extinguishers, pest control and landscaping. ● Current capital plan includes $1.9M in investments over 10 years (annual amount to ISF of $196,100) ● Recent accomplishments include:
● Front Façade Restoration Project
● Lead abatement and paint (stairwell and cafeteria)
● Women’s Restroom Restoration Project*
● Backwater Check Valve Installation (basement had multiple flood events) ● New Flag Pole
● Relining Elevator Pit – underway
● WiFi Installation* –nearly done
*Projects on Veterans Group List
12 Veteran’s Memorial Building
● Items requested by Veterans Group not currently in capital plan:
o Lighting and electrical systems, including historic chandeliers o Plumbing system which should include hot water in all bathrooms, bar area and kitchen area. o Refinishing of wood floors
o Restoration of the bar area
o Restoration of the kitchen area
o Restoration of all bathrooms
● Planned work in proposed 23/24-24/25 budget: Exterior Paint; Repave & Restripe Parking Lot, Paint Exterior Steel Stairs; Re-carpet Veterans Meeting Room* and Heating upgrade* ● There may be ADA improvements in the forthcoming transition plan that can be addressed with specific ADA funding.
● Future planned work under current capital plan
o 29/30 -Reroof; Window Repairs ($550K)
o 31/32 - Interior Paint* ($900K)
*Projects on Veterans Group List
13 Questions?
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