FINANCIAL
SERVICES
Fiscal Year 2024-25
Proposed Budget
Overview & General Fund
May 7, 2024
1 FY 2024-25 Budget Presentation
2 Review of Proposed Budget Materials
Citywide Proposed Budget Overview
General Fund Budget
Five-Year Forecast
FY 2024-25 Projected Revenues
Citywide Fee Schedule
FY 2024-25 Proposed Appropriations
Pension Funding Plan
Department Budget Requests
Summary of One Time Resources
3 Burbank Water & Power Funds
Water Reclamation & Sewer Fund
Refuse Collection & Disposal Fund
Time Permitting
Internal Service Funds
Special Revenue Funds
Housing & Parking Authorities
Successor Agency
FY 2024-25 Budget Presentation
4 Budget Binder is organized with 29 Sections/Tabs:
1. Review of Proposed Budget
• Staff report provided for the budget presentation
• Attached General Fund Budget Matrix and Five-Year Forecast
2. New Budget Requests
• City Manager approved budget requests submitted by
departments
3. Capital Improvement Program (CIP)
• General City (Non-utility) CIP funding plan
• CIP Project Sheets for new projects
Review of Budget Materials
5 4. Budget Summaries
• High level overview of the Citywide and General Fund budgets • Debt Service and Reserve Summaries
• Citywide Authorized Staffing
• City of Burbank Financial Policies
5. Revenues
• Citywide projected revenues by fund and category
• Revenue sources and descriptions
6-19. General Fund Department Line-Item Budgets
20-26. Non-General Fund Line-item Budgets
• Organized by fund type (i.e. Enterprise, Special Revenue) Review of Budget Materials
6 27. Agreements and Contracts List
• List of contracts City Council is authorizing with budget adoption
28. Fee Schedule Changes
• Comprehensive matrix detailing all proposed changes to the citywide fee schedule
29. Budget Discussion Papers
• Discussion papers proposed by Staff or requested by the City Council
• Additional memos providing further detail on specific budget items
Review of Budget Materials
Availability of Budget Materials to
the Public
7 City of Burbank Website www.burbankca.gov
Financial Services Department Public Counter
City Clerk’s Office Public Counter
Burbank Public Libraries
Central Library
Buena Vista Branch Library
Northwest Branch Library
Budget Presentation Schedule
8 May 7: Review of Budget Materials, General Fund,
Enterprise Funds, Special Revenue Funds, Internal
Service Funds, Housing & Parking Authorities
May 21: Continuation of Citywide Budget Presentations, FY 2024-25 Capital Improvement Program (CIP),
Discussion Papers
June 4: Public Hearing and Adoption of Citywide
Budget and Fee Schedule
Economic Outlook
Consistent growth and resilience after pandemic
related economic fluctuations
“V” Shaped Recovery
Inflation easing but costs remain high
Projected easing of interest rates in late 2024
Burbank’s unemployment rate below CA average
Several large-scale development projects and new
businesses in town
Economic Risk Factors: political instability,
housing shortages, future labor strikes, slowing
retail industry
9 Proposed FY 2024-25
Burbank Budget
Maintains programs and services
Includes strategic enhancements
which reflect City Council goals
and priorities
Addresses pension liabilities
Fully funds reserves
10 11
FY 2024-25 CITYWIDE BUDGET
Total Appropriations: $868,291,333
General Fund,
$257,114,328 General City
Capital Projects,
$2,547,533
Water Reclamation
& Sewer,
$25,640,344
Refuse Collection
& Disposal,
$26,626,862
Electric & Water (BWP),
$382,092,545
Internal Service
Funds, $91,263,960
Special Revenue
Funds, $65,245,813
Housing Authority,
$14,421,027
Parking Authority,
$831,834 Successor Agency,
$2,507,087
12 FY 2024-25 CITYWIDE BUDGET
Total Appropriations: $868,291,333
General Fund,
$257,114,328 General City Capital
Projects,
$2,547,533
Water Reclamation
& Sewer,
$25,640,344
Refuse Collection
& Disposal,
$26,626,862
Electric & Water (BWP),
$382,092,545
Internal Service
Funds, $91,263,960
Special Revenue
Funds, $65,245,813
Housing Authority,
$14,421,027
Parking Authority,
$831,834 Successor Agency,
$2,507,087
General Fund 5-Year Forecast
(in millions)
13 Ending GF
Balance: $7.2 $15.0
$246.7
$255.8
$265.5
$275.1
$284.8
$244.5
$254.2
$265.4
$275.3
$286.5
$200
$210
$220
$230
$240
$250
$260
$270
$280
$290
$300
2024-25 2025-26 2026-27 2027-28 2028-29
Revenue Expenses
Balance/
(Deficit): $2.2 $1.6 $0.02 ($0.2) ($1.7) FY 2024-25 General Fund
Revenues: $246,710,891
14 Sales Tax,
$64,412,066
Property Tax,
$74,955,921
Utility Users Tax,
$19,639,000
Service Charges - Intra
City, $15,657,042
Service Charges,
$25,458,890
In-Lieu of Tax,
$9,893,000
Interest/Use of
Money, $4,318,156
Parking/Traffic/Other
Fines, $2,601,000
Transient Occupancy
Tax, $13,853,000
Building Permits/License
Fees, $6,152,195
Transient Parking
Tax, $4,401,000
Business Tax,
$2,464,190
Franchise Fees,
$1,519,650 Intergovernmental
Revenues, $1,385,781
General Fund Recurring Revenues
15 Note: FY 2022-23 includes $2.1M of non-recurring revenue.
REVENUE
CATEGORY
ACTUAL TOTAL
FY 2022-23
ADOPTED
RECURRING FY
2023-24
REVISED
RECURRING
FY 2023-24
PROPOSED
RECURRING FY
2024-25
%
CHANGE
Sales Tax $ 61,697,887 $ 60,002,899 $ 63,103,399 $ 64,412,066 2.1% Property Tax 69,425,311 65,817,908 69,817,908 74,955,921 7.4% Utility Users Tax 18,645,937 17,997,000 18,884,000 19,639,000 4.0% Services Charges - Intra City 13,380,003 14,621,839 14,621,839 15,657,042 7.1% Services Charges 22,729,064 22,740,816 22,740,816 25,458,890 12.0% In Lieu of Tax 9,077,939 9,512,850 9,512,850 9,893,000 4.0% Interest/Use of Money 4,004,406 3,248,614 4,248,614 4,318,156 1.6% Parking/Traffic/Other Fines 1,198,285 2,401,000 2,401,000 2,601,000 8.3% Transient Occupancy Tax 12,208,382 10,759,000 12,259,000 13,853,000 13.0% Building Permits/License Fees 5,129,260 5,995,478 6,656,678 6,152,195 -7.6% Transient Parking Tax 4,302,522 3,772,980 4,272,980 4,401,000 3.0% Business Taxes 2,316,840 2,464,190 2,464,190 2,464,190 0.0% Franchises 1,538,954 1,442,000 1,442,000 1,519,650 5.4% Intergovernmental Revenues 1,823,976 1,067,051 1,067,051 1,385,781 29.9% TOTAL REVENUE $ 229,630,915 $ 221,843,625 $ 233,492,325 $ 246,710,891 5.7% General Fund Revenues
Sales Tax +2.1%
2023 4th Quarter receipts up +1.7% from
prior year
Autos & Transportation +61.1%
Motion picture sales down -47.1% due to
SAG-AFTRA and the Writer’s Guild strikes
General Consumer Goods -3.0%
Restaurants & Hotels +2.1%
Shift in consumer spending from retail
goods to services & entertainment
Destination-based TUT for 4th Quarter
2023 declined -7.2% from prior year
16 General Fund Revenues
Property Tax +7.4%
Burbank’s Assessed Value (AV)
increased 9.7%, or $2.8 billion for 2023
Attributable to commercial
development, transfers of ownership,
and unsecured property
Median Q1 2024 sale price of Burbank
home from was $1,275,000 (Average
price $1.4 million)
High interest rates limiting supply and
affordability
17 General Fund Revenues
Transient Occupancy Tax (TOT) +13%
Opening of Cambria Hotel in April 2024
Average occupancy rate for Q1 2024 at 68.3%
Average daily room rate up 5.7% for 2023 vs 2022
18 Burbank Hotel Occupancy Rates
$0
$50
$100
$150
$200
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
2019 2020 2021 2022 2023 2024
(to date)
Occupancy Rate ADR
General Fund Revenues
Transient Parking Tax (TPT) +3%
Revenue relies heavily on Hollywood Burbank Airport activity Passenger counts increased 3% in 2023 compared to 2022 19 500,000
1,500,000
2,500,000
3,500,000
4,500,000
5,500,000
6,500,000
2019 2020 2021 2022 2023
HOLLYWOOD BURBANK AIRPORT
PASSENGER COUNTS
General Fund Revenues
Service Charges +12%
Park & Recreation revenues up 15%, driven by special events at DeBell Golf Course and demand for recreation services. Revision of EMS and medical transport services fees as recommended by EMS Fee Study
Plan Check expected to increase due to development activity Demand for passport services remains high
20 Citywide Fee Schedule Highlights
Fee study completed in prior fiscal year
Most fees adjusted by CPI
In compliance with Proposition 26
New fees for Planning and Permits
Electric Vehicle and Electric Storage Permits
Certificate of Occupancy
Hearing fee for potentially dangerous or vicious animals New batting cage rental fee
Parking citation fees adjusted to align with neighboring cities Note: FY 2024-25 Utility Rates adopted in prior fiscal year 21 Burbank Program, Activity, and
Service Subsidy (PASS) Program
Provides Burbank residents in need of
financial assistance the opportunity to
engage and participate in City programs
and services.
Subsidies available for a wide variety of
City Services
800+ active participants
For application and eligible programs go
to www.BurbankCA.gov/BurbankPASS
22 FY 2024-25 General Fund
Appropriations: $257,114,328
23 General
Administration,
$13,554,477
Library Services,
$9,757,117
Management
Services,
$8,174,323
Financial Services,
$7,581,712
Police,
$74,789,982 Fire, $52,474,564
Parks and
Recreation,
$36,129,974
Public Works,
$20,512,161
Community
Development,
$17,553,998
Non-Departmental,
$16,586,020
24 CalPERS Pension Update
Unfunded Actuarial Liability (UAL) at 7/30/23 just under $433 million 74% average funded status among the City’s three pension plans * Amounts shown are the total amounts due for FY 2024-25 if the City were to pay CalPERS on a monthly basis. For FY 2024-25, staff is proposing to prepay the liability payments, which will result in a cumulative net savings of $1,059,630 citywide.
Classification
Actual
FY 2022-23
Actual
FY 2023-24
Actual
FY 2024-25*
Projected
FY 2025-26
Police 3% @ 50 Rate 22.05% 24.01% 23.20% 22.60%
Police Liability Payment $8,152,664 $7,175,729 $7,997,927 $8,697,000 Fire 3% @ 55 Rate 17.71% 18.80% 18.42% 18.00%
Fire Liability Payment $5,028,014 $4,465,006 $5,066,096 $5,597,000 Misc 2.5% @ 55 Rate 10.00% 11.11% 10.96% 10.70%
Misc Liability Payment $21,224,820 $18,843,953 $20,417,782 $22,415,000 Proposed Pension Funding Plan
(in 1,000s)
Doubles FY 2024-
25 contribution
and extends plan
for additional year
Estimated $3
million in
cumulative
recurring savings
($2 million GF)
Proposed $6.4
million to Section
115 Trust
25 Total 3 Year
Commitment FY 2023-24 FY 2024-25 FY 2025-26
Misc Pension Plan* $ 12,000 $ 3,000 $ 6,000 $ 3,000 Police Pension Plan $ 3,600 $ 900 $ 1,800 $ 900 Fire Pension Plan $ 2,400 $ 600 $ 1,200 $ 600 $ 18,000 $ 4,500 $ 9,000 $ 4,500
Estimated
Recurring
Savings FY 2023-24 FY 2024-25 FY 2025-26
Misc Pension Plan $ (1,907) $ (471) $ (1,451) $ (1,907) Police Pension Plan $ (619) $ (159) $ (465) $ (619) Fire Pension Plan $ (431) $ (106) $ (329) $ (431) $ (2,957) $ (736) $ (2,245) $ (2,957)
* Only 50% Funded by General Fund
General Fund Appropriations
FY 2024-25 Proposed General Fund Budget includes:
$2.5 million in new recurring budget requests (net of revenue) • 20.7 additional full-time equivalent (FTE) positions
$5.2 million in one-time budget requests (net of revenue) $1.1 million in Technology projects & improvements
New appropriations were prioritized according to
their adherence to City Council goals
City Services
Economic Development
Housing/Homelessness
Quality of Life
Sustainability/Resilience
Transportation/Traffic
26 27
City Attorney
FY 2024-25 Proposed Budget $5,840,724 FTE 22.000
Serves as top legal advisor to City Council,
Boards, Commissions, City Officers and staff
Represents the City in civil litigation and
other adversarial proceedings, and protects
the community by prosecuting misdemeanors
and infractions committed within the City
Budget Highlights:
Staffing upgrades to reflect assigned
responsibilities
• Senior Administrative Analyst to Administrative
Officer ($6,750)
• Litigation Paralegal to Senior Litigation
Paralegal ($6,804)
28 City Clerk
FY 2024-25 Proposed Budget $1,960,974 FTE 10.475
Serves as Clerk to the City Council, Housing
Authority, Parking Authority, and Successor Agency
Conducts municipal elections and coordinates voter
registration services with LA County
Operates the Passport Acceptance Facility
Maintains all official city records
Budget Highlights:
$14,590 in position upgrades to properly to reflect the high-level performance, customer service, and workload expectations.
29 The elected legislative and
policy-making body for the
City
Authorizes contracts and
agreements, appoints City
commissions, boards, and
committees, reviews and
adopts the budget
No new budget requests
City Council
FY 2024-25 Proposed Budget $1,609,548 FTE 2.000
30 City Manager/PIO
FY 2024-25 Proposed Budget $3,035,681 FTE 13.000
Sets goals and provides administrative
direction for all City departments in
full accordance with the policies
established by City Council
No new budget requests
31 City Treasurer
FY 2024-25 Proposed Budget $1,107,550
FTE 5.000
Responsible for receiving, disbursing,
depositing, and investing all public funds
Provides monthly reporting of cash
balances, bank balances, and investment
reports
Budget Highlights:
Upgrade Intermediate Clerk to Senior
Administrative Analyst - $62,941
Consultant services to develop
updated policies and procedures -
$30,000 (one-time)
32 Community Development (CDD)
FY 2024-25 Proposed Budget $17,553,998 FTE 76.430
Preserves and protects neighborhoods
Provides land use, transit, transportation planning,
economic development, affordable housing,
homeless services, and building and safety
Budget Highlights:
New Parking Technician - $92,267
New/upgraded Building Inspectors - $121,250
Pre-approved ADU Program - $260,000 (one-time
Long-Range Planning Consultants - $250,000 (one-
time)
Consultant for specific plans - $165,000 (one-time)
33 Provides citywide Accounting/Audit, Accounts Payable, Accounts Receivable, Revenue Collection, and Payroll
Produces award winning Operating Budget, Capital Improvement Program (CIP) Budget, and Annual Financial Report
Provides centralized citywide procurement services
Budget Highlights:
New Payroll Technician I - $88,182
New Accountant position - $108,938
Enhanced Procurement Services Division staffing
• Buyer II - 118,794 (funded by BWP)
• Administrative Analyst - $99,679
Financial Services
FY 2024-25 Proposed Budget $7,581,712 FTE 40.000
34 Fire Department
FY 2024-25 Proposed Budget $52,474,564 FTE 144.000
Budget Highlights:
Fire Fighter Recruit Academy - $750,000
Peak Hour Ambulance Pilot Program - $650,000
Paramedic Training & Backfill – 400,000 (one-time)
New/upgraded Battalion Chief positions - $340,148
(revenue offset)
Provides Fire Prevention, Fire Suppression,
Emergency Medical Services (EMS), and
Emergency Operations Management
Responds to over 12,000 emergencies annually
including fires, HazMat incidents, regional
mutual aid needs, state and federal strike teams
35 Fire Department
FY 2024-25 Proposed Budget $52,474,564 FTE 144.000
Budget Highlights (Continued):
Additional Rescue Ambulance - $650,000
Replacement of ZOLL monitors/defibrillators - $360,000 ($843,762 total)
Lund University Cardiopulmonary Assist System (LUCAS) devices - $100,000
36 Budget Highlights:
Increases to Library Resources Materials and Electronic Materials - $100,000
Burbank Sister City programming - $25,000/yr for
three years
English as a Second Language (ESL) services - $20,974 (one-time), funded by literacy grant
With three branches, provides access to formal
and informal learning opportunities, programs,
and services that reach 750,000 people annually
Provides literacy services, technology, and
employment assistance through the Burbank
Employment Connection
Library Services
FY 2024-25 Proposed Budget $9,757,117 FTE 66.288
37 Management Services
FY 2024-25 Proposed Budget $8,174,323 FTE 48.997
Oversees Employment Services, Employee
Benefits, Labor Relations, General Liability,
Workers Compensation, and Environmental
Health and Safety
Budget Highlights:
New Diversity, Equity, and Inclusion (DEI)
Officer position - $164,689
Recruitment staffing enhancements - $429,112
Expanding presence on LinkedIn Career Pages -
$35,000
Test Genius and Spark Hire testing programs to
help streamline recruitment - $50,000
Appropriations that are not specific to a single City department Budget Highlights:
Multi-Year Pension Funding Plan (General Fund portion) Annual Maintenance of Effort for Infrastructure - $4.7 million Contribution to the Information Technology Fund 537 for FY 2024-25 IT Projects - $1.1 million
Employee Breakfast - $30,000
Educational Reimbursement - $15,000
38 Non-Departmental
FY 2024-25 Proposed Budget $16,586,020
39 Parks and Recreation
FY 2024-25 Proposed Budget $36,129,974 FTE 193.624
Maintains and operates 42 parks and facilities plus
the animal shelter
Offers recreation programs, community events, and
senior and human services
Budget Highlights:
Inclusive program funding including:
• Adaptive Day event - $30,000
• Expanding day camp programming-
$46,700 (revenue offset)
• Park and Play mobile recreation vehicle
Program - $8,500 (revenue offset)
• Senior Nutrition Program Funding -
$237,000 (grant funded)
40 Parks and Recreation
Budget Highlights (Continued):
Funding for the development of an Urban Forest Master Plan - $1,100,000
DeBell Golf Course additional events, tournaments, and golf play operations - $460,076 (revenue offset)
Animal Shelter medication, supplies/equipment, and
overtime - $105,964 (partially revenue offset)
Starlight Bowl event funding - $162,000 (revenue offset) Park & Recreation 100th Birthday Celebration - $50,000
41 Police Department
FY 2024-25 Proposed Budget $74,789,982 FTE 265.780
Protects life and property, provides
professional police services, and works in
partnership with the community
Provides parking enforcement, 911
Communications Center, and a Joint Air
Support program
Budget Highlights:
Expansion of parking enforcement program - $516,062
(partially revenue offset)
New Forensic Specialist position - $108,065
Automated License Plate Reader cameras - $30,000
($100,000 funded by Drug Asset Forfeiture funds)
Gun buyback event - $12,000
42 Public Works
FY 2024-25 Proposed Budget $20,512,161 FTE 93.725
Plans, designs, builds, operates, and maintains
the City’s public works systems
Administration, Engineering Design and
Construction, Fleet and Building Maintenance,
Streets and Sanitation
Budget Highlights:
Replacement of large format
plotter - $11,404 ($50,000 total)
Citywide utility cost increases -
$75,000
43 Discussion Papers
Interpretation Services for City Council
Meetings ($3,000 Recurring)
Housing Enforcement Program ($650,000
Recurring, $100,000 Non-Recurring)
Addition of a Business Concierge
Coordinator ($147,138 Recurring)
Cultural Affairs Supervisor Position ($112,463
Recurring)
Revenue Streams as an Alternative to Rate
Increases (information only)
Projected FY 2024-25 GF Balance
44 Anticipated Recurring Revenue $246,710,891
Less: Proposed Recurring Appropriations (244,514,686) TOTAL RECURRING BALANCE $2,196,205
Projected Spendable Fund Balance 6/30/24 $25,776,668 Projected Non-Recurring Revenue/Resources FY 2024-25 384,765 Estimated Budget Savings FY 2024-25 4,890,294 Less: Formal & Compensated Absence Reserve Adjustment (7,081,742) Less: Proposed Non-Recurring Items (6,771,242) Less: Proposed Contribution to CalPERS (5,828,400) Less: Proposed Contribution to 115 Trust (6,357,177) TOTAL NON-RECURRING BALANCE $5,013,167
PROJECTED FUND BALANCE 6/30/25 $7,209,372 General Fund 5-Year Forecast
(in millions)
45 Ending GF
Balance: $7.2 $15.0
$246.7
$255.8
$265.5
$275.1
$284.8
$244.5
$254.2
$265.4
$275.3
$286.5
$200
$210
$220
$230
$240
$250
$260
$270
$280
$290
$300
2024-25 2025-26 2026-27 2027-28 2028-29
Revenue Expenses
Balance/
(Deficit): $2.2 $1.6 $0.02 ($0.2) ($1.7) Financial Forecast Risks & Rewards
- Tax revenue from continued development
- Tourism, entertainment, and restaurant growth
- Low unemployment rate
- Pension savings from additional payments
- General Fund cash position
- Cooling of retail and auto sectors
- High interest rate environment
- Limited housing supply
- Political / geopolitical instability
- CalPERS investment losses/assumption changes
46 Unrestricted General Fund
One-Time Resources
47 Projected General Fund Balance 6/30/25: $7,209,372
RESERVES AND SPECIAL ACCOUNTS
15% Working Capital $32,655,786
5% Emergency Contingency 10,885,262
Up to 5% Budget Stabilization 10,885,262
Compensated Absences 3,569,462
Section 115 Pension Trust 24,391,999
Total Available One -Time Resources $89,597,113
Conclusion
The FY 2024-25 General Fund Proposed Budget:
Balanced for the next three years on a recurring basis Five-year forecast shows a deficit heading into FY 2027-28 and FY 2028-29
Projecting a remaining one-time balance of nearly $7.2 million at the end of FY 2024-25
Reflects the City Council’s goals and priorities with several department requests funded in this budget
Appropriates one-time funds towards pension liabilities, generating recurring savings
48 49
Questions?
Jennifer Becker
Financial Services Director
(818) 238-5500
[email protected]
50 FY 2024-25 CITYWIDE BUDGET
Total Appropriations: $868,291,333
General Fund,
$257,114,328
Water Reclamation
& Sewer,
$25,640,343
Refuse Collection
& Disposal,
$26,626,862
Electric & Water (BWP),
$382,092,545
Internal Service
Funds, $91,263,960
Special Revenue
Funds, $65,245,813
Housing Authority,
$14,421,027
Parking Authority,
$831,834 Successor Agency,
$2,507,087