FINANCIAL
SERVICES
Fiscal Year 2024-25
Proposed Budget
Internal Service and
Special Revenue Funds
May 21, 2024
1 2
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
3 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
Internal Service Funds
Fund 530 – General Liability Insurance
Fund 531 – Workers Compensation Insurance
Fund 532 – Vehicle Equipment Replacement
Fund 533 – Office Equipment Replacement
Fund 534 – Municipal Infrastructure (presented by PW)
Fund 535 – Communication Equipment Replacement
(presented by BWP)
Fund 537 – Information Technology
4 5
Fund 530 – General Liability Insurance
Managing Department – Management Services
Anticipated Revenues: $13,896,022
Proposed Appropriations: $14,475,710
Budget Highlights:
Increase in General Liability and Property
Insurance costs - $1,725,000
New Administrative Analyst II position - $129,644
6 Fund 531 – Workers Compensation
Managing Department – Management Services
Anticipated Revenues: $12,040,714
Proposed Appropriations: $10,544,282
Budget Highlights:
Upgrade Workers’ Compensation
Representative II position to Workers’
Compensation Representative III
7 Fund 532 – Vehicle Equipment Replacement
Managing Department – Public Works
Anticipated Revenues: $12,589,150
Proposed Appropriations: $19,402,787
Budget Highlights:
Scheduled replacement of 94 depreciated vehicles - $7,543,790 94 vehicles deferred for a savings of $3.9 million
Exhaust System Modernization - $200,000
Vehicle Lift Equipment Modernization - $500,000
8 Fund 533 – Office Equipment Replacement
Managing Department – Financial Services
Anticipated Revenues: $1,322,346
Proposed Appropriations: $1,592,669
Budget Highlights:
Scheduled equipment replacement for FY 2024-25
Replacement Walk-In Refrigerator for the Nutrition
Program - $12,837
Replacement of Monitors/Defibrillators for the Fire
Department - $843,762 ($360,000 funded by
General Fund)
9 Fund 537 – Information Technology
Managing Department – Information Technology
Anticipated Revenues: $16,034,566
Proposed Appropriations: $17,644,313
Budget Highlights:
Upgrade of two Technology Product Managers to two
Principal Technology Product Managers - $143,467
10 proposed technology projects totaling $1.3 million $1.1 million in General Fund Projects
10 Hyperion Upgrade
Enterprise Content Management
Metrolink Parking Management
ProjectDOX Upgrade
Microsoft 365 Backup
Cyber Incident Response Plan
Windows 11 Upgrade
Network Access Control
Managed Print Service
Wi-Fi Authentication and Access Upgrade
Fund 537 – Information Technology
Special Revenue Funds
Fund 104 – Proposition A Transportation
Fund 105 – Proposition C Transportation
Fund 106 – Air Quality Management District (AQMD)
Fund 107 – Measure R Transportation
Fund 108 – Measure M Transportation
Fund 109 – Measure W Stormwater
Fund 122 – Community Development Block Grants (CDBG)
Fund 123 – Road Maintenance & Rehabilitation (RMRA)
Fund 124 – Drug Asset Forfeiture Fund
Fund 125 – State Gas Tax
Fund 127 – Public Improvements (Development Impact Fees) Fund 128 – HUD Affordable Housing
Fund 129 – Street Lighting (presented by BWP)
Fund 133 – Tieton Hydropower Project (presented by BWP) Fund 483 – Magnolia Power Project (presented by BWP) 11 12 Transportation Funds 104, 105, 107, 108
Restricted to Transit Programs and Transportation Improvements Anticipated Revenues:
$11,043,268
Proposed Appropriations:
$11,754,759
Projected FYE 2023-24 Fund
Balance (combined):
$12,705,836
Funded through four Los
Angeles County voter
approved ¼ cent sales tax
measures
$2,855,162
$3,646,026
$2,133,912
$3,119,659
Total Appropriations: $11,754,759
Prop A
Prop C
Measure R
Measure M
Transportation Funds
104, 105, 107, 108
Budget Highlights:
Proposition A
No new appropriations
Proposition C
BurbankBus Contract - $160,000
Comprehensive Operational Analysis - $90,000
Measure R
Interstate 5 Arterial (Phase Three) - $700,000
Downtown San Fernando Reconfiguration -
$358,000
Measure M
Sidewalk and Pavement Rehabilitation -
$3,100,000
13 14
Air Quality Management District (AQMD)
Fund 106
Anticipated Revenues: $146,539
Proposed Appropriations: $181,182
Projected FYE 2023-24 Fund Balance: $466,776
Funded by restricted revenues from a small
portion of motor vehicle registration fees
Funds the City’s rideshare program and other
programs that reduce vehicle emissions
Budget Highlights:
No new appropriations for FY 2024-25
15 Measure W Fund 109
Restricted to Stormwater Improvements
Anticipated Revenues: $1,539,782
Proposed Appropriations: $1,122,140
Projected FYE 2023-24 Fund Balance: $3,995,112
LA County Safe, Clean Water Municipal Program (SCW) special parcel tax (2.5 cents per square foot of impermeable areas) Budget Highlights
McCambridge Park Stormwater project - $492,200
16 Anticipated Revenues: $1,075,383
Proposed Appropriations: $1,028,113
Projected FYE 2023-24 Fund Balance:
$537,618
Community Development Block Grants
(CDBG) Fund 122
Budget Highlights:
Proposed FY 2024-25 public service
and capital projects will be
presented to the City Council on
June 25, 2024
17 Street Improvement Funds 123, 125
Restricted to Street Maintenance and Rehabilitation
Anticipated Revenues:
$5,659,982
Proposed Appropriations:
$7,415,954
Projected FYE 2023-24 Fund
Balance: $1,966,145
Funded through voter
approved per gallon fuel
excise tax and vehicle
registration fees
$3,020,238
$4,395,716
Total Appropriations: $7,415,954
Road
Maintenance
& Recovery
Act
Gas Tax /
HUTA
18 Street Improvement Funds 123, 125
Budget Highlights:
Road Maintenance and Recovery Act (RMRA)
$3 million dedicated to support Annual
Residential and Arterial Pavement
Rehabilitation
Projects approved by City Council on April 23,
2024
Gas Tax
$1.9 million dedicated to support Annual
Sidewalk and Arterial Pavement Rehabilitation
19 Anticipated Revenues: $24,245
Proposed Appropriations: $100,000
Projected FYE 2023-24 Fund Balance: $197,658
Drug Asset Forfeiture Fund 124
Restricted for Law Enforcement Purposes
Budget Highlights:
$100,000 allocated for the
deployment of 40 Automated
License Plate Reader (ALPR)
cameras
20 Anticipated Revenues: $841,413
Proposed Appropriations: $4,471,530
Projected FYE 2023-24 Fund Balance:
$14,978,883
Public Improvements Fund 127
Development Impact Fees
Budget Highlights:
Fire/Police Headquarters flooring and kitchen upgrades - $430,000 Park projects, including the Dick Clark Dog Park, First Street Pocket Park, and George Izay Park Master Plan - $1,650,494
Transportation funding for Rancho Providencia NPP, First Street Bike Lane, and Olive Avenue Bridge Study - $1,182,045
21 Anticipated Revenues: $624,864
Proposed Appropriations: $679,269
Projected FYE 2023-24 Fund Balance:
$129,894
HUD Affordable Housing Programs
Fund 128
Budget Highlights:
Continuum of Care Permanent Supportive Housing (PSH), including housing assistance payments and supportive services
22 Housing Authority Funds 117 & 305
Managing Department - Community Development
Anticipated Revenues: $12,842,154
Proposed Appropriations: $14,421,027
Projected FYE 2023-24 Fund Balance: $9,332,297
Budget Highlights:
Section 8 Voucher Program - Fund 117
Housing Assistance Payments - $10,600,000
Emergency Housing Vouchers - $800,000
Low and Moderate -Income Housing - Fund 305
No new appropriations
23 Anticipated Revenues: $684,061
Proposed Appropriations: $831,834
Projected FYE 2023-24 Fund Balance: $168,894
Budget Highlights:
No new appropriations for FY 2024-25
Parking Authority Fund 310
Managing Department - Community Development
24 Anticipated Revenues: $2,391,021
Proposed Appropriations: $2,507,087
Projected FYE 2023-24 Fund Balance: $233,162
Budget Highlights:
FY 2024-25 Recognized Obligation Payment
Schedule (ROPS) was approved by the LA
County Oversight Board and the California
Department of Finance
Successor Agency Fund 208
Managing Department – Financial Services
25 Questions?