ADOPTED CHANGES REVISED
REVENUE BUDGET GROWTH BUDGET
NO. CATEGORY FY 23-24 (REDUCTIONS) FY 23-24
1 Sales Tax 60,002,899 3,100,500 63,103,399 2 Property Taxes 65,817,908 4,000,000 69,817,908 3 Utility Users Tax 17,997,000 887,000 18,884,000 4 Services Charges - Intra City 14,621,839 - 14,621,839 5 Services Charges 22,740,816 - 22,740,816 6 In Lieu of Tax 9,512,850 - 9,512,850 7 Interest/Use of Money 3,248,614 1,000,000 4,248,614 8 Parking/Traffic/Other Fines 2,401,000 - 2,401,000 9 Transient Occupancy Tax 10,759,000 1,500,000 12,259,000 10 Building Permits/License Fees 5,995,478 661,200 6,656,678 11 Transient Parking Tax 3,772,980 500,000 4,272,980 12 Business Taxes 2,464,190 - 2,464,190 13 Franchises 1,442,000 - 1,442,000 14 Intergovernmental Revenues 1,067,051 - 1,067,051 TOTAL REVENUES 221,843,625$ 11,648,700$ 233,492,325$ TOTAL RECURRING REVENUES 233,492,325$ (1)
ADOPTED ADOPTED ADOPTED
EXPENDITURE SALARY & BENEFITS MS & S EXPENDITURES
NO. CATEGORY FY 2023-24 FY 2023-24 FY 2023-24
1 City Council (498,880) (504,485) (1,003,365) 2 City Manager (2,421,927) (454,474) (2,876,401) 3 City Clerk (1,324,464) (476,583) (1,801,047) 4 City Treasurer (728,752) (178,636) (907,388) 5 City Attorney (4,646,876) (445,736) (5,092,612) 6 Management Services (4,661,900) (2,157,925) (6,819,825) 7 Financial Services (5,231,281) (992,285) (6,223,566) 8 Parks & Recreation (16,937,197) (14,042,893) (30,980,090) 9 Library Services (6,747,107) (2,236,174) (8,983,281) 10 Community Development (10,508,228) (4,043,799) (14,552,027) 11 Public Works (11,874,674) (7,569,622) (19,444,296) 12 Fire (37,628,445) (6,641,560) (44,270,005) 13 Police (54,770,696) (11,073,544) (65,844,240) 14 Non-Departmental (3,654,468) (5,252,627) (8,907,095) TOTAL EXPENDITURES (161,634,897)$ (56,070,343)$ (217,705,238)$ TOTAL RECURRING EXPENSES (217,705,238)$ (2)
RECURRING BALANCE / (DEFICIT) 15,787,087$ (3) = (1) + (2) Attachment 2
CITY OF BURBANK
Mid-Year FY 2023-24
---------------------------------------------------------------------END OF RECURRING-------------------------------------------------------------------------------- General Fund Projected Spendable Fund Balance for June 30, 2024 Attachment 2 - Page 1
Attachment 2
CITY OF BURBANK
Mid-Year FY 2023-24
General Fund Projected Spendable Fund Balance for June 30, 2024
NON-RECURRING
PROJECTED SPENDABLE FUND BALANCE - JUNE 30, 2023 44,269,243$ (4) Formal Reserve Adjustment (FY 2023-24) (4,066,645)$ (5) Contribution to Compensated Absences Reserve (FY 2023-24) (259,405)$ (6) ADJUSTED BEGINNING SPENDABLE BALANCE - JULY 1, 2023: 39,943,193$ (7) = (4) thru (6) Non-Recurring Revenue/Use of Resources 4,079,401$ (8) Estimated Budget Savings (FY 2023-24) 4,354,105$ (9) Adopted One-Time Budget Items (20,792,275)$ (10) Additional Contribution to CalPERS (2,914,200)$ (11) Deposit to 115 Trust (5,800,000)$ (12)
Items Added Post Budget Adoption (7,934,672)$ (13) Mid-Year Budget Requests (net of revenue) (945,969)$ (14) NET TOTAL NON-RECURRING ITEMS (29,953,610)$ (15) = (8) thru (14) NON-RECURRING BALANCE POST PROPOSED ITEMS 9,989,582$ (16) = (7) + (15) RECURRING BALANCE / (DEFICIT) 15,787,087$ (16) = (3) PROJECTED SPENDABLE FUND BALANCE - JUNE 30, 2024 25,776,669$ (17) = (15) + (16) Attachment 2 - Page 2