FISCAL YEAR 2024-25
BUDGET INTRODUCTION
May 28, 2024
2 BUDGET OVERVIEW
LONG-TERM FORECASTS
5-YEAR CIP PLAN
DEPARTMENT BUDGETS
NEXT STEPS
BUDGET OVERVIEW
3 5/28/2024 FY 2024-25 Budget Introduction 4
FISCAL YEAR (FY) 2024-25
BUDGET PROCESS
Feb. 27, 2024: FY 2023-24 Midyear Budget Review/Financial Update March 27, 2024: City Council Strategic Planning Workshop May 14, 2024: Measure I Advisory Committee Meeting
May 28, 2024: Proposed Budget Intro to City Council
Before June 11, 2024: Audit Committee Review
June 11, 2024: City Council Public Hearing & Adoption
5/28/2024 FY 2024-25 Budget Introduction 5
• Align with the City’s adopted Strategic Focus Areas
• Sustain long-term operational needs to meet
community-identified priorities
• Continue fiscal prudence while managing service
needs, with a balanced budget
• Remain focused on infrastructure funding
and capital improvement
CITY MANAGER’S
MESSAGE
5/28/2024 FY 2024-25 Budget Introduction 6
• Local control over local revenue sources
is essential to long-term fiscal sustainability and allow Belmont's self-reliance into the future
• Secure funding for sewer, storm, streets, facilities, and parks to address deferred maintenance and future
capital needs along with a plan to support
critical public services
• Maximize existing revenues and identify new
cost recovery strategies
STRATEGIC FOCUS AREAS
CITYWIDE PRIORITIES
5/28/2024 FY 2024-25 Budget Introduction 7
FY 2024-25
BUDGET
(Proposed)
OPERATING BUDGET (CITY) $63.5
OPERATING BUDGET (FIRE) $13.6
TOTAL OPERATING BUDGET $77.1
CAPITAL IMPROVEMENTS (CITY) $25.3
CAPITAL IMPROVEMENTS (FIRE) $0.07
TOTAL BUDGET $102.5
BUDGET OVERVIEW
(IN MILLIONS)
FY
144.75
TOTAL PERSONNEL
(+0. 50 FTE)
5/28/2024 FY 2024-25 Budget Introduction 8
GENERAL FUND SUMMARY
(IN MILLIONS)
General Fund Reserve
is not needed to
balance budget this
fiscal year
FY 2024-25
BUDGET
(Proposed)
RESOURCES $31.5
REQUIREMENTS $31.3
RESOURCES OVER/(UNDER)
REQUIREMENTS $0.2
5/28/2024 FY 2024-25 Budget Introduction 9
GENERAL FUND
FY 2024-25 RESOURCES
$1.2
$1.6
$3.8
$4.1
$4.2
$4.3
$12.3
Business License Tax (4%)
Franchises (5%)
Misc. (12%)
Transient Occupancy Tax (13%)
Local Sales Tax (13%)
Service Charges (14%)
Property Tax* (39%)
(IN MILLIONS)
*includes property transfer tax
5/28/2024 FY 2024-25 Budget Introduction 10
GENERAL FUND
FY 2024-25 REQUIREMENTS
$4.7
$7.6
$7.8
$11.2
Transfer Out (15%)
Benefits (24%)
Operating (25%)
Salaries and Wages (36%)
(IN MILLIONS)
LONG-TERM
FORECASTS
11 5/28/2024 FY 2024-25 Budget Introduction 12
STATE TAKEAWAY OF
PROPERTY TAXES
• The State continues to underfund property tax in lieu of VLF (VLF) and refused payment for the VLF shortfall
• Belmont stands to lose $1.1 million in FY 2024-25
• Entirety of business license tax revenue
• If the State continues its stance, the General Fund
impact is a loss of $30 million over 10 years;
reserve balance would fall below 33% reserve target in
FY 2030-31
• A fully funded VLF is 15% of total General Fund operations 5/28/2024 FY 2024-25 Budget Introduction 13
GENERAL FUND PROJECTION
$(10)
$(6)
$(2)
$2
$6
$10
$14
$18
$22
$26
$30
2022-23 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 33% Target
2032-33 2033-34
WITHOUT VLF FUNDING
(IN MILLIONS)
Projection assumes the
State does NOT fulfill its
VLF funding obligations
5/28/2024 FY 2024-25 Budget Introduction 14
GENERAL FUND REVENUE
GROWTH PROJECTIONS
(IN MILLIONS)
$20
$25
$30
$35
$40
2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 2033-34
3.6% CPI Growth*
2% Growth
*5-year average of the San Francisco-Oakland-Hayward CPI-U 5/28/2024 FY 2024-25 Budget Introduction 15
ESTIMATED REVENUE &
EXPENDITURES
(IN MILLIONS)
$25
$27
$29
$31
$33
$35
$37
$39
$41
Revenues Expenditures
Local control over
local revenue sources
is essential to long-term
fiscal sustainability
GENERAL FUND
5/28/2024 FY 2024-25 Budget Introduction 16
COMPARISON OF GENERAL FUND
BALANCE AS OF JUNE 30, 2023
(IN MILLIONS)
$27
$55
$111
$63
$95
$54
$35
$-
$20
$40
$60
$80
$100
$120
Burlingame San Mateo* Foster City Belmont Redwood
City*
San Carlos Menlo Park
Measure I
General Fund
*General Fund balance as of June 30, 2023 not currently available; amounts shown are as of June 30, 2022.
Belmont’s General Fund balance as of June 30, 2023 was $27 million; Measure I Fund balance was $4 million.
AVAILABLE REVENUES
5/28/2024 FY 2024-25 Budget Introduction 17
COMPARISON OF GENERAL FUND
REVENUES PER HOUSEHOLD
$6,567
$3,767
$4,578
$2,943
$5,573
$4,872
$6,080
$-
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
Burlingame San Mateo Foster City Belmont Redwood
City
San Carlos Menlo Park
Local Transaction Tax / Measure I
for Belmont
Miscellaneous
Service Charges
Transient Occupancy Tax
Sales & Use Taxes
Property Tax
Denotes the 7-city average revenue of $4,881 per household “Miscellaneous" includes Licensing Fees, Real Estate Transfer Tax, Licenses and Permits, Intergovernmental Sources, Fines and Forfeitures, Interest and Rent Income, and other.
5-YEAR
CAPITAL
IMPROVEMENT
PLAN
18 5/28/2024 FY 2024-25 Budget Introduction 19
CAPITAL IMPROVEMENT
PLAN OVERVIEW
$83.3M
5-YEAR CIP PLAN
$25.4M
FY 2024-25 CIP
(PROPOSED)
5/28/2024 FY 2024-25 Budget Introduction 20
CAPITAL IMPROVEMENT
PLAN OVERVIEW
Technology (1%)
Parks & Open Space (2%)
Facilities (3%)
Streets (30%)
Sewer/Storm (64%)
(IN MILLIONS)
5/28/2024 FY 2024-25 Budget Introduction 21
BELMONT FIRE PROTECTION
DISTRICT PROJECTION
(IN MILLIONS)
$-
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
$40.0
2022-23 2023-24 2024-25 2025-26 2026-27 2027-28
Capital Reserve
(New Fire Station)
PROPOSED
BUDGET BY
DEPARTMENT
22 5/28/2024 FY 2024-25 Budget Introduction 23
COMMUNITY DEVELOPMENT
FY 2024-25 BUDGET SUMMARY
STRATEGIC
FOCUS AREA
Economic Development & Housing
FUNDING SOURCES • Development Services
• General Plan Maintenance
• Affordable Housing
• Housing Mitigation Fees
PERSONNEL COUNT
(Proposed)
11.0 TOTAL OPERATING
BUDGET (Proposed)
$7.9M
5/28/2024 FY 2024-25 Budget Introduction 24
COMMUNITY DEVELOPMENT
HIGHLIGHTS & INITIATIVES
• Permit/plan review for building, public
works, and fire activities
• Process planning entitlement
applications, community outreach,
public hearings
• Business license processing/inspection
• Pre-application consultations and
pre-construction meetings
• Maintain records of decision/related
notices to implement policy actions
• Implement Green Building/Electric
Vehicle Infrastructure Codes
• Manage high-level, complex
development review projects
• Facilitate streamlined review for affordable
housing developments
• Prepare general plan/zoning designation
amendments for South ECR cannabis
retail/distribution
• Prepare Regional Commercial (RC) District
Zoning Text Amendments
• Prepare Harbor Industrial Area Specific
Plan and environmental impact review
• Ongoing Implementation of:
• 2035 General Plan (GP), including 2023- 2031 Housing Element • Belmont Village Specific Plan (BVSP)
• Climate Action Plan (CAP)
• Placemaking objectives and initiatives
• Wireless regulations
• SFDR Amendments
5/28/2024 FY 2024-25 Budget Introduction 25
COMMUNITY DEVELOPMENT
HIGHLIGHTS & INITIATIVES
• Housing Highlights
• Since 2015, the City has issued building permits for 840 new housing units, including 330 affordable units
• The City has approved development entitlements
for an additional 156 housing units, 52 of which
are affordable, and is currently processing applications for 204 more housing units including 87 affordable units
• Issued a $3.5 loan from City Affordable Housing Funds to support a 125-unit 100% affordable project currently under construction.
• Provided financial support to local housing service providers HIP Housing, HEART, and Homeless Outreach Team SMC
• Adopted management plans for first rental
Inclusionary Housing units in the City
• Adopted Required Zoning Updates for Housing
Element Compliance
5/28/2024 FY 2024-25 Budget Introduction 26
PARKS AND RECREATION
FY 2024-25 BUDGET SUMMARY
STRATEGIC
FOCUS AREAS
• Quality of Life
• Infrastructure and Mobility
FUNDING
SOURCE
• Athletic Field Maintenance
• City Trees
• Facilities Management
• General Facilities
• General Fund
• Library Maintenance & Ops
• Open Space
• Parks & Rec. Donations
• Planned Park
• Recreation
• Solid Waste
PERSONNEL COUNT
(Proposed)
25.25 TOTAL OPERATING
BUDGET
(Proposed)
$10.4M
5/28/2024 FY 2024-25 Budget Introduction 27
PARKS AND RECREATION
HIGHLIGHTS & INITIATIVES
• Facilities Management
• Address facility repairs as needed
• Conduct routine and preventative
maintenance on 160,000 sf of facilities
• Manage natural gas and electricity;
implement energy/water conservation
projects
• Coordinate Library maintenance and
improvements
• Schedule and rent facilities for City or
private/group uses
• Recreation Programs
• Deliver accessible, inclusive, age-friendly
programs, services, and events
• Provide licensed childcare services
• Partner/provide youth and teen programs:
summer camps, aquatics, after school
programs, the Hideout, YAC, and VOICES
• Partner/provide adult and senior programs:
educational and recreational opportunities,
day trips, transportation to/from Center, and
lunch program
• Coordinate athletic field usage for sports
groups on City, BRSSD and CSUS fields
5/28/2024 FY 2024-25 Budget Introduction 28
PARKS AND RECREATION
HIGHLIGHTS & INITIATIVES
• Parks and Open Space
• Maintain/repair 15 developed parks, 300+
acres of open space and trails, 14 athletic
fields, and 5.6 acres of developed medians
• Maintain trees on City property
• Conduct/coordinate open space trail
improvements and fuel reduction
• Collect/manage park/facility waste; continue
to improve recycling/composting rates
• Manage new construction, improvements, or
rehabilitation of City parks and playgrounds
• Implement Twin Pines Master Plan, Parks,
Recreation, and Open Space Master Plan
recommendations
• Continue Community Center Conversations
to raise awareness of need for new
community center.
• Other Services
• Manage tree removal permitting
• Promote tree canopy and maintain
"Tree City USA“ status
• Coordinate volunteer and educational
opportunities
• Diversity, Equity, and Inclusion (DEI)
• Raise awareness of DEI among City Staff
• Implement DEI improvements into internal
City policies, activities, and programs
• Facilitate incorporation of DEI concepts into
City operations and community programs and
services
• Collaborate with the Community to host
cultural celebrations and events
5/28/2024 FY 2024-25 Budget Introduction 29
POLICE
FY 2024-25 BUDGET SUMMARY
STRATEGIC
FOCUS AREA
Public Safety
FUNDING SOURCES • General Fund
• Public Safety Grants
• Supplemental Law Enforcement
PERSONNEL COUNT
(Proposed)
45.0 TOTAL BUDGET
(Proposed)
$16.1M
5/28/2024 FY 2024-25 Budget Introduction 30
POLICE
HIGHLIGHTS & INITIATIVES
• Law Enforcement Administration
• Provide leadership/guidance to meet and
exceed community expectations
• Recruit/train high quality staff
• Coordinate Emergency Preparedness
• Promote community partnerships
• Crime Control
• Impartial law enforcement
• Crime prevention (e.g., BelmontWatch)
• Apprehension/prosecution of offenders
• Collaborative resolution with a community
policing philosophy
• C.A.R.E. Team follows-up on cases involving
mental health crisis
• Community outreach (e.g., Belmont Police
Community Academy, website, YouTube,
Twitter, NextDoor, Belmont TRAC)
• Traffic and Community Safety
• Enforce vehicle code/parking regulations
• Coordinate traffic calming/collision reduction
• Mark/tow abandoned vehicles
• Solicit/respond to traffic enforcement
concerns (via "Traffic Enforcement Hot Spot"
Program)
• Investigate vehicle collisions
• Professional Services
• Respond to community inquiries
• Timely dispatch of calls for service
• Securely store/organize property/evidence
• Safeguard/maintain/report police records in
compliance with the law
• Release reports in compliance with the law
5/28/2024 FY 2024-25 Budget Introduction 31
PUBLIC WORKS
FY 2024-25 BUDGET SUMMARY
STRATEGIC
FOCUS AREA
Infrastructure and Mobility
FUNDING
SOURCES
• Development Services
• Fleet & Equipment Mgmt
• Infrastructure Repair
• Sewer Collections
• Sewer Connection Fees
• Sewer Treatment Facility
• Solid Waste
• Storm Drainage
• Street Improvement
• Street Maintenance
PERSONNEL COUNT
(Proposed)
33.0 TOTAL OPERATING
BUDGET
(Proposed)
$12.4M
5/28/2024 FY 2024-25 Budget Introduction 32
PUBLIC WORKS
HIGHLIGHTS & INITIATIVES
• Sanitary Sewer
• New Citywide Sewer Master Plan
• Development of New Sewer Lateral and Fats,
Oils, and Grease (FOG) programs
• Strategizing asset management
• Regulatory compliance
• Solid Waste Management
• SB1383 (mandatory composting)
implementation
• Household hazardous waste disposal
• E-waste, compost dispersal, and document
shredding events
• NPDES stormwater compliance
• SBWMA and Recology services management
• Fleet Management
• Completed 122 preventative maintenance
services and 126 repairs
• Replaced 2 gas-powered vehicles with hybrids
• Transitioned to R99 renewable diesel fuel
• Development Review
• Traffic/engineering study review
• Review/issue/inspect permits
• Review/approve subdivisions
• Process easements/right-of-way
vacation/dedications
• Coordinate public events, increase in public
outreach efforts (e.g., Earth Day, Coastal
Cleanup, PW Open House, social media)
5/28/2024 FY 2024-25 Budget Introduction 33
PUBLIC WORKS
HIGHLIGHTS & INITIATIVES
• Public Works Engineering/Operations
• Allocate $2.5M in Measure I funds annually
• Inspect/repair City-owned curbs/gutters,
sidewalks, ADA ramps, retaining walls, traffic
signals, roadway striping, sewer main lines,
lift stations, etc.
• Manage Parking/Traffic Safety Committee
• Capital projects and grant administration
• (Design) Alameda de las Pulgas Corridor Project
• (Design) 2025 Pavement Project
• (Design) 2025 Sanitary Sewer Project
• (Construction) 2023 Pavement Project
• (Construction) 2024 Slurry Seal Project
• (Construction) San Juan Blvd. Sanitary Sewer Capacity Improvement Project
• (Construction) Hiller Lift Station Capacity
Enhancement Project
• Modeling future capital financing
requirements (anticipated increase due to
Sewer Treatment Facility charge)
• Stormwater & Municipal Region Permit
• Asset management, capital
planning/implementation, and grant admin
• Securing Environmental Permits
• Commercial/industrial inspections for MRP
compliance and construction stormwater
inspections
• Regulatory compliance with annual Municipal
Regional Permit (MRP, 3.0)
• Belmont Creek dredging
• Updating Citywide Strom Drain Master Plan
• Completing design of the Twin Pines Park
Detention Basin and the Belmont Creek
Restoration Projects
• Salson Trail Storm Pipe Improvement Project
5/28/2024 FY 2024-25 Budget Introduction 34
ADMINISTRATION
FUNDING SOURCES
FUNDING SOURCE
ADMIN
SERVICES
(HR/IT)
CITY
ATTORNEY
CITY
MNGR/
CLERK FINANCE
FLEET & EQUIPMENT
MANAGEMENT X
GENERAL FUND X X X X
STRATEGIC FOCUS AREA:
FISCAL &
ORGANIZATIONAL
SUSTAINABILITY
STRATEGIC FOCUS AREA
5/28/2024 FY 2024-25 Budget Introduction 35
ADMINISTRATION
FY 2024-25 BUDGET SUMMARY
ADMIN
SERVICES
(HR/IT)
CITY
ATTORNEY
CITY
MNGR/
CLERK
FINANCE
PERSONNEL COUNT
(Proposed)
9.0 1.0 6.5 9.0
TOTAL OPERATING
BUDGET
(Proposed)
$4.4M $0.6M $2.7M $2.9M
5/28/2024 FY 2024-25 Budget Introduction 36
ADMINISTRATION
HIGHLIGHTS & INITIATIVES
• Admin Services (Human Resources/IT)
• Lead the city in positive employee relations, talent
management, succession planning and employee
engagement programs that recognize individuals and build a high performing work environment.
• Protect employee health, foster a positive work environment and support workplace safety protocols
• Recruit, develop, and retain a diverse, well-qualified and professional workforce that reflects the high standards of the community we serve
• Identify and implement training and employee development opportunities to support employee skill enhancement,
innovation, communications, DEI and leadership
• Provide guidance to managers and employees to enhance performance, create a positive work environment, and
effective problem-solving of complaints and grievances as well as facilitate labor contract negotiations.
• Provide expertise and resources to the organization
for successful recruiting, selection and
onboarding employees who have a passion for public
service, excellent skills and the ability to take on
increasingly complex roles in their City career.
• Expand and update the City's security systems with
enhanced access controls and security camera systems
• Analyze and reconfigure Community Development
software to improve payment system functionality and
data consistency in Comm Dev applications.
• Identify and implement a mobile data management
solution for configuring, maintaining and securing all City owned mobile devices.
• Provide twelve tech training sessions on City software for all staff and Questys document management.
• Complete a tech refresh on patrol vehicles, a GIS asset management program for parks and NearMap and
BlueBeam software.
• Council Chambers Control Room AV Broadcasting
Upgrade
5/28/2024 FY 2024-25 Budget Introduction 37
ADMINISTRATION
HIGHLIGHTS & INITIATIVES
• City Attorney
• Collaborating with executive team on Harbor
Industrial Area annexation and proposed life
science developments and land use
regulations
• Supported response to winter storms
including emergency proclamations/recovery
• Assisted police department with obtaining
gun violence restraining orders
• Assisting with Parks, Recreation, and Open
Space (PROS) Plan and related CEQA process
• City Manager
• Manage organization’s financial stability, policy
implementation, and overall performance
• Ensure the community understands the City’s
work and that the City is meeting their needs
• Respond to Council, citizen, and staff requests
for information, and management of statemandated filings • Oversee election process of any ballot
initiatives placed by City Council or through
voter referendum
• Advanced Economic Development
Implementation Strategy, including enhanced
business communications, Downtown
Revitalization and General/Specific Plan
implementation, and Infrastructure financing
5/28/2024 FY 2024-25 Budget Introduction 38
ADMINISTRATION
HIGHLIGHTS & INITIATIVES
• Finance
• Received highest recognition from GFOA and CSMFO
for financial reporting and budget document
• Full compliance and implementation of GASB 75 on
leases and GASB 96 on SBITAs
• Support Measure I Advisory Committee
• Support ongoing efforts to address long-term fiscal
sustainability
• Business License Tax modernization efforts; fiscal
impact studies related to City Services CFD, HIA
annexations
• Capital financing alternatives to address capital needs and deferred maintenance
• Evaluate General Fund reserve policy
• Remove static $5 million minimum; keep 33% target
NEXT STEPS
39 May 14, 2024
Measure I Advisory Committee Meeting
May 28, 2024
City Council Feedback
Before June 11, 2024
Audit Committee Review
June 11, 2024
Public Hearing and Adoption