2022-23 2023-24 2024-25 2025-26 2026-27
Recurring Items:
Revenues
Sales Tax 58,417$ 59,293 60,183 61,386 62,614 Property Taxes 63,287 65,818 68,451 71,189 74,037 Utility Users Tax 16,312 16,476 16,640 16,890 17,143 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 8,859 8,992 9,172 9,355 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 10,548 10,759 12,082 12,976 13,920 Building Permits/License Fees 5,594 5,761 5,934 6,112 6,296 Transient Parking Tax 3,699 3,773 3,867 3,964 4,063 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 208,194$ 213,550$ 220,103$ 226,820$ 233,770$ Expenditures
City Council (761)$ (817)$ (841)$ (863)$ (886)$ City Manager (2,739) (2,940) (3,022) (3,094) (3,170) City Clerk (1,773) (1,903) (1,961) (2,015) (2,072) City Treasurer (910) (977) (1,005) (1,030) (1,057) City Attorney (4,579) (4,918) (5,044) (5,152) (5,267) Management Services (6,566) (7,045) (7,268) (7,475) (7,695) Financial Services (6,029) (6,472) (6,651) (6,809) (6,977) Parks & Recreation (28,809) (30,894) (31,978) (33,021) (34,122) Library Services (8,488) (9,108) (9,383) (9,634) (9,900) Community Development (13,402) (14,380) (14,831) (15,250) (15,693) Public Works (18,356) (19,689) (20,343) (20,962) (21,617) Fire (38,422) (40,278) (41,275) (42,363) (43,449) Police (62,450) (63,529) (67,668) (70,247) (73,601) Non-Departmental (8,155) (3,758) (5,103) (5,952) (6,781) Total General Fund Expenditures (201,439) (206,707) (216,372) (223,867) (232,288) RECURRING BALANCE / (DEFICIT) 6,755$ 6,843$ 3,732$ 2,954$ 1,482$ General Fund
Attachment 2
PROJECTED
(Amounts in Thousands)
First Quarter Report 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)
First Quarter Report 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 8,597
Estimated Annual Budget Savings 3,022 3,101 3,246 3,358 3,484 Non-Recurring Revenue/Savings Total: 17,464 3,101 3,246 3,358 3,484 Plus Beginning Balance June 30th 52,060$ 39,010$ 47,636$ 52,197$ 56,635$ Working Capital Reserve (1,072) (790) (1,450) (1,124) (1,263) Emergency Reserve (357) (263) (483) (375) (421) Budget Stabilization Reserve (new) (10,072) (263) (483) (375) (421) Compensated Absences Reserve (1,098) - - - - Adjusted Beginning Balance July 1st 39,460 37,693 45,220 50,323 54,529 Less Non-Recurring Expenses
Adopted One-Time Items (9,593)
Contributions to CalPERS (7,970)
Deposit to 115 Trust (6,700)
Items Added Post Budget Adoption (408)
Subtotal Non-Recurring Items (24,670) - - - -
EXCESS/(DEFICIENCY) OF REVENUE
OVER APPROPRIATIONS 32,254$ 40,793$ 48,465$ 53,681$ 58,014$ PLUS RECURRING BALANCE (ABOVE) 6,755$ 6,843$ 3,732$ 2,954$ 1,482$ ENDING SPENDABLE FUND BALANCE 39,010$ 47,636$ 52,197$ 56,635$ 59,496$ Attachment 2 - Page 2
Description 2022-23 2023-24 2024-25 2025-26 2026-27
Revenues:
Sales Tax 11.1% 1.5% 1.5% 2.0% 2.0%
Property Taxes 5.8% 4.0% 4.0% 4.0% 4.0%
Utility Users Tax 3.9% 1.0% 1.0% 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% 1.5% 1.5% 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 26.0% 2.0% 12.3% 7.4% 7.3%
Building Permits/License Fees 16.1% 3.0% 3.0% 3.0% 3.0% Transient Parking Tax 16.3% 2.0% 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 3.0% 3.0% 3.0% 3.0%
Internal Service Funds 7.0% 5.0% 5.0% 5.0%
*confidential
BUDGET PARAMETERS
Forecast - First Quarter Report FY 2022-23
Attachment 2
Attachment 2 - Page 3