ADOPTED CHANGES REVISED
REVENUE BUDGET GROWTH BUDGET
NO. CATEGORY FY 24-25 (REDUCTIONS) FY 24-25
1 Sales Tax 64,412,066 - 64,412,066 2 Property Taxes 74,955,921 3,670,000 78,625,921 3 Utility Users Tax 19,639,000 - 19,639,000 4 Services Charges - Intra City 15,657,042 - 15,657,042 5 Services Charges 25,458,890 2,400,000 27,858,890 6 In Lieu of Tax 9,893,000 - 9,893,000 7 Interest/Use of Money 4,318,156 500,000 4,818,156 8 Parking/Traffic/Other Fines 2,601,000 - 2,601,000 9 Transient Occupancy Tax 13,853,000 - 13,853,000 10 Building Permits/License Fees 6,152,195 750,000 6,902,195 11 Transient Parking Tax 4,401,000 300,000 4,701,000 12 Business Taxes 2,464,190 - 2,464,190 13 Franchises 1,519,650 - 1,519,650 14 Intergovernmental Revenues 1,511,018 - 1,511,018 TOTAL REVENUES 246,836,128$ 7,620,000$ 254,456,128$ TOTAL RECURRING REVENUES 254,456,128$ (1)
ADOPTED ADOPTED ADOPTED
EXPENDITURE SALARY & BENEFITS MS & S EXPENDITURES
NO. CATEGORY FY 2024-25 FY 2024-25 FY 2024-25
1 City Council (582,850) (1,026,698) (1,609,548) 2 City Manager (2,590,853) (447,828) (3,038,681) 3 City Clerk (1,475,553) (485,421) (1,960,974) 4 City Treasurer (890,664) (186,886) (1,077,550) 5 City Attorney (5,849,175) (422,851) (6,272,026) 6 Management Services (5,593,860) (2,375,364) (7,969,224) 7 Financial Services (6,346,098) (1,180,614) (7,526,712) 8 Parks & Recreation (19,077,892) (15,764,743) (34,842,635) 9 Library Services (7,150,480) (2,560,663) (9,711,143) 10 Community Development (12,445,926) (5,023,586) (17,469,512) 11 Public Works (13,153,710) (7,347,047) (20,500,757) 12 Fire (42,417,637) (7,071,928) (49,489,565) 13 Police (61,188,496) (13,601,486) (74,789,982) 14 Non-Departmental (4,076,687) (5,317,168) (9,393,855) TOTAL EXPENDITURES (182,839,883)$ (62,812,283)$ (245,652,164)$ TOTAL RECURRING EXPENSES (245,652,164)$ (2)
RECURRING BALANCE / (DEFICIT) 8,803,964$ (3) = (1) + (2) Attachment 3
CITY OF BURBANK
Mid-Year FY 2024-25
---------------------------------------------------------------------END OF RECURRING-------------------------------------------------------------------------------- General Fund Projected Spendable Fund Balance for June 30, 2025 Attachment 3 - Page 1
Attachment 3
CITY OF BURBANK
Mid-Year FY 2024-25
General Fund Projected Spendable Fund Balance for June 30, 2025
NON-RECURRING
PROJECTED SPENDABLE FUND BALANCE - JUNE 30, 2024 43,577,330$ (4) Formal Reserve Adjustment (FY 2024-25) (6,986,732)$ (5) Contribution to Compensated Absences Reserve (FY 2024-25) (379,380)$ (6) ADJUSTED BEGINNING SPENDABLE BALANCE - JULY 1, 2024: 36,211,219$ (7) = (4) thru (6) Non-Recurring Revenue/Use of Resources 484,765$ (8) Estimated Budget Savings (FY 2024-25) 4,913,043$ (9) Adopted One-Time Budget Items (7,213,242)$ (10) Additional Contribution to CalPERS (5,828,400)$ (11) Deposit to 115 Trust (6,357,177)$ (12)
Items Added Post Budget Adoption (1,369,930)$ (13) Mid-Year Budget Requests (net of revenue) (978,978)$ (14) NET TOTAL NON-RECURRING ITEMS (16,349,919)$ (15) = (8) thru (14) NON-RECURRING BALANCE POST PROPOSED ITEMS 19,861,300$ (16) = (7) + (15) RECURRING BALANCE / (DEFICIT) 8,803,964$ (17) = (3) PROJECTED SPENDABLE FUND BALANCE - JUNE 30, 2025 28,665,264$ (18) = (16) + (17) Attachment 3 - Page 2