2021-22 2022-23 2023-24 2024-25 2025-26
Recurring Items:
Revenues
Sales Tax 52,576$ 54,417$ 55,505 56,615 57,747 Property Taxes 59,822 61,616 63,773 66,324 68,977 Utility Users Tax 15,707 16,115 16,357 16,602 16,852 Services Charges - Intra City 13,397 13,665 14,006 14,427 14,859 Services Charges 16,802 17,642 18,259 18,807 19,371 In Lieu of Tax 8,392 8,669 8,843 9,020 9,200 Interest/Use of Money 2,013 2,053 2,094 2,115 2,136 Parking/Traffic/Other Fines 2,202 2,246 2,291 2,337 2,384 Transient Occupancy Tax 8,373 10,048 11,103 12,468 13,391 Building Permits/License Fees 4,820 5,013 5,213 5,422 5,639 Transient Parking Tax 3,180 3,339 3,495 3,582 3,672 Business Taxes 2,300 2,369 2,440 2,513 2,589 Franchises 1,524 1,471 1,441 1,427 1,413 Intergovernmental Revenues 859 877 894 912 930 Total General Fund Revenues 191,968$ 199,539$ 205,715$ 212,571$ 219,159$ Expenditures
City Council (725)$ (753)$ (779)$ (798)$ (817)$ City Manager (2,427) (2,518) (2,606) (2,667) (2,729) City Clerk (1,633) (1,697) (1,756) (1,800) (1,844) City Treasurer (860) (893) (924) (946) (968) City Attorney (4,402) (4,563) (4,720) (4,826) (4,933) Management Services (6,522) (6,780) (7,015) (7,192) (7,371) Financial Services (5,624) (5,835) (6,036) (6,177) (6,319) Parks & Recreation (26,609) (27,730) (28,693) (29,488) (30,299) Library Services (8,046) (8,358) (8,647) (8,859) (9,074) Community Development (12,831) (13,338) (13,800) (14,148) (14,502) Public Works (16,895) (17,575) (18,184) (18,656) (19,136) Fire (37,490) (37,963) (38,682) (39,968) (41,119) Police (61,589) (63,881) (66,643) (68,745) (70,719) Non-Departmental (7,200) (6,520) (6,802) (7,623) (8,212) Total General Fund Expenditures (192,851) (198,402) (205,287) (211,891) (218,042) RECURRING BALANCE / (DEFICIT) (884)$ 1,137$ 427$ 680$ 1,117$ Attachment 4
PROJECTED
General Fund
Financial Forecast FY 2021-22 through FY 2025-26
Mid-Year FY 2021-22
(Amounts in Thousands)
Attachment 4 - Page 1
2021-22 2022-23 2023-24 2024-25 2025-26
Attachment 4
PROJECTED
General Fund
Financial Forecast FY 2021-22 through FY 2025-26
Mid-Year FY 2021-22
(Amounts in Thousands)
Non-Recurring Revenue/Savings Items:
American Rescue Plan Funding 4,592$
Other Non-Recurring Revenue/Resources 1,296
Non-Recurring COVID-19 Savings Measures 9,828 7,770 - - - Estimated Annual Budget Savings 3,857 2,976 3,079 3,178 3,271 Non-Recurring Revenue/Savings Total: 19,573 10,746 3,079 3,178 3,271 Plus Beginning Balance June 30th 26,783$ 31,505$ 34,508$ 36,638$ 39,176$ Working Capital Reserve (734) (833) (1,033) (990) (923) Emergency Reserve (245) (278) (344) (330) (308) Compensated Absences Reserve (149) - - - - Adjusted Beginning Balance July 1st 25,655 30,395 33,131 35,317 37,946 Less Non-Recurring Items
Adopted FY 21-22 One-Time Items (3,083)
Contributions to CalPERS (8,770) (7,770)
Items Added Post Budget Adoption (743)
Mid-Year Budget Requests (243)
Subtotal Non-Recurring Items (12,839) (7,770) - - -
EXCESS/(DEFICIENCY) OF REVENUE
OVER APPROPRIATIONS 32,389$ 33,371$ 36,211$ 38,496$ 41,216$ PLUS RECURRING BALANCE (ABOVE) (884)$ 1,137$ 427$ 680$ 1,117$ ENDING SPENDABLE FUND BALANCE 31,505$ 34,508$ 36,638$ 39,176$ 42,333$ Attachment 4 - Page 2