2022-23 2023-24 2024-25 2025-26 2026-27
Recurring Items:
Revenues
Sales Tax 54,417$ 56,050 57,731 58,886 60,063 Property Taxes 61,787 63,949 66,507 69,168 71,934 Utility Users Tax 16,312 16,557 16,805 17,058 17,313 Services Charges - Intra City 13,500 13,837 14,252 14,680 15,120 Services Charges 18,406 19,050 19,622 20,210 20,817 In Lieu of Tax 8,728 8,903 9,081 9,262 9,448 Interest/Use of Money 2,271 2,317 2,340 2,363 2,387 Parking/Traffic/Other Fines 2,002 2,102 2,144 2,187 2,231 Transient Occupancy Tax 10,048 11,103 12,469 13,391 14,365 Building Permits/License Fees 5,594 5,761 5,934 6,112 6,296 Transient Parking Tax 3,339 3,495 3,582 3,672 3,763 Business Taxes 2,400 2,472 2,546 2,623 2,701 Franchises 1,471 1,442 1,427 1,413 1,399 Intergovernmental Revenues 1,559 1,590 1,622 1,654 1,687 Total General Fund Revenues 201,834$ 208,628$ 216,063$ 222,679$ 229,525$ Expenditures
City Council (761)$ (788)$ (807)$ (826)$ (846)$ City Manager (2,739) (2,834) (2,900) (2,966) (3,035) City Clerk (1,773) (1,834) (1,880) (1,926) (1,974) City Treasurer (910) (941) (964) (987) (1,010) City Attorney (4,579) (4,738) (4,843) (4,949) (5,058) Management Services (6,566) (6,794) (6,966) (7,141) (7,321) Financial Services (6,029) (6,237) (6,382) (6,529) (6,679) Parks & Recreation (28,809) (29,810) (30,620) (31,447) (32,298) Library Services (8,488) (8,782) (8,997) (9,216) (9,441) Community Development (13,381) (13,844) (14,193) (14,548) (14,912) Public Works (18,356) (18,992) (19,490) (19,997) (20,518) Fire (38,559) (39,301) (40,608) (41,781) (43,002) Police (62,450) (65,164) (67,232) (69,174) (71,133) Non-Departmental (8,155) (8,493) (9,353) (9,982) (10,623) Total General Fund Expenditures (201,553) (208,553) (215,236) (221,469) (227,850) RECURRING BALANCE / (DEFICIT) 281$ 75$ 827$ 1,210$ 1,675$ General Fund
Attachment 2
PROJECTED
(Amounts in Thousands)
Proposed Budget FY 2022-23
Financial Forecast FY 2022-23 through FY 2026-27
Attachment 2 - Page 1
2022-23 2023-24 2024-25 2025-26 2026-27
General Fund
Attachment 2
PROJECTED
(Amounts in Thousands)
Proposed Budget FY 2022-23
Financial Forecast FY 2022-23 through FY 2026-27
Non-Recurring Revenue/Savings Items:
American Rescue Plan Funding 5,845$
Other Non-Recurring Revenue/Resources 8,668
Estimated Annual Budget Savings 3,023 3,128 3,229 3,322 3,418 Non-Recurring Revenue/Savings Total: 17,536 3,128 3,229 3,322 3,418 Plus Beginning Balance June 30th 31,218$ 29,637$ 31,440$ 34,159$ 37,444$ Working Capital Reserve (1,089) (1,050) (1,002) (935) (957) Emergency Reserve (363) (350) (334) (312) (319) Compensated Absences Reserve (384) - - - - Adjusted Beginning Balance July 1st 29,381 28,237 30,104 32,912 36,168 Less Non-Recurring Expenses
Proposed One-Time Items (9,593)
Contributions to CalPERS (7,968)
Subtotal Non-Recurring Items (17,561) - - - -
EXCESS/(DEFICIENCY) OF REVENUE
OVER APPROPRIATIONS 29,357$ 31,366$ 33,332$ 36,234$ 39,586$ PLUS RECURRING BALANCE (ABOVE) 281$ 75$ 827$ 1,210$ 1,675$ ENDING SPENDABLE FUND BALANCE 29,637$ 31,440$ 34,159$ 37,444$ 41,260$ Attachment 2 - Page 2
Description 2022-23 2023-24 2024-25 2025-26 2026-27
Revenues:
Sales Tax 3.5% 3.0% 3.0% 2.0% 2.0%
Property Taxes 3.3% 3.5% 4.0% 4.0% 4.0%
Utility Users Tax 3.9% 1.5% 1.5% 1.5% 1.5%
Services Charges - Intra City 0.8% 2.5% 3.0% 3.0% 3.0%
Service Charges 9.5% 3.5% 3.0% 3.0% 3.0%
In-Lieu of Tax 4.0% 2.0% 2.0% 2.0% 2.0%
Interest/Use of Money 12.8% 2.0% 1.0% 1.0% 1.0%
Parking/Traffic/Other Fines (9.1%) 5.0% 2.0% 2.0% 2.0%
Transient Occupancy Tax 20.0% 10.5% 12.3% 7.4% 7.3%
Building Permits/License Fees 16.1% 3.0% 3.0% 3.0% 3.0% Transient Parking Tax 5.0% 4.7% 2.5% 2.5% 2.5%
Business Taxes 4.3% 3.0% 3.0% 3.0% 3.0%
Franchise Fees (3.5%) (2.0%) (1.0%) (1.0%) (1.0%)
Intergovernmental Revenues 81.4% 2.0% 2.0% 2.0% 2.0%
Expenditures:
Salaries & Wages* - - - - -
Utilities 3.0% 3.0% 3.0% 3.0%
Contracts/Services/Other 2.5% 2.5% 2.5% 2.5%
Internal Service Funds 3.5% 3.5% 3.5% 3.5%
*confidential
BUDGET PARAMETERS
Forecast - Proposed Budget FY 2022-23
Attachment 2
Attachment 2 - Page 3