FINANCIAL
SERVICES
Fiscal Year 2024-25
Proposed Budget
Discussion Papers
May 21, 2024
1 2
General Fund Recurring Budget Growth:
5-Year History
(in millions)
1.9%
2.6%
4.5%
8.1%
12.3%
0%
2%
4%
6%
8%
10%
12%
14%
$-
$50
$100
$150
$200
$250
$300
2020-21 2021-22 2022-23 2023-24 2024-25
Appropriations Year over Year Growth
3 Drivers of Recurring Budget Growth
FY 2024-25 (in millions)
New Budget
Items
$5.9
MOU
Increases
$15.1
UAL Pension
Costs
$2.7
Internal Service
Fund Rates
$3.1
Total Increase: $26.8 million
22%
12%
10%
56%
General Fund 5-Year Forecast
(in millions)
4 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) 5 Discussion Paper Summary
No. Dept. Subject Recurring One-Time
1 CM Interpretation Services for City Council Meetings $ 3,000 2 CAO/CDD Housing Enforcement Program 650,000 100,000
3 CDD Business Concierge Coordinator Position 147,138
4 PR Cultural Affairs Supervisor Position 112,463
5 BWP Revenue Streams as an Alternative to Rate Increases 1 6 ALL Department Cost Savings
1 7 CM Leadership Burbank Funding Request 36,000
8 CDD Metro GoPass and Student Transportation Options 40,410 9 CDD Public Outreach for a Potential Local Rent Cap in the City of Burbank 200,000 10 FD Facilitation of a Youth Fire Camp by the Burbank Fire Department 2 11 FD Potential Entry-Level Trainee Programs for the Burbank Fire Dept 80,000 12 PD School Resource Officer Program
2 13 PR Funding for a Two-Year Community Event and Program Grant Pilot 100,000 14 PR Funding Options for Burbank Family Pride in the Park Event 15,000 15 PW March 28, 2024 IOB Meeting Minutes
1 Totals: $ 1,033,011 $ 451,000
1 Information only
2 Item currently budgeted - no fiscal impact
General Fund 5-Year Forecast
Including Discussion Papers (in millions)
6 Ending GF
Balance: $5.5 $9.4
$246.7
$255.8
$265.5
$275.1
$284.8
$245.5
$255.3
$266.5
$276.4
$287.6
$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): $1.2 $0.5 ($1.0) ($1.3) ($2.8) Budget Presentation Schedule
FY 2024-25
7 May 7: Citywide Overview, General Fund, Burbank Water and Power Funds, Public Works Enterprise Funds
May 21: Internal Service and Special Revenue Funds,
Capital Improvement Program (CIP),
Discussion Papers
June 4: Public Hearing and Adoption of Citywide
Budget and Fee Schedule
8 Questions?