FINANCIAL
SERVICES
Fiscal Year 2025-26
Proposed Budget
Overview & General Fund
May 6, 2025
1 FY 2025-26 Budget Presentation
2 Review of Proposed Budget Materials
Citywide Proposed Budget Overview
General Fund Budget
FY 2025-26 Projected Revenues
Citywide Fee Schedule
FY 2025-26 Proposed Appropriations
Pension Funding Plan
New Budget Requests
Five-Year Financial Forecast
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 2025-26 Budget Presentation
4 Budget Binder is organized with 25 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
• City of Burbank Debt Policy (proposed)
5. Revenues
• Citywide projected revenues by fund and category
• Revenue sources and descriptions
6-22. Department Line-Item Budgets
• Organized by department and fund
Review of Budget Materials
6 23. Agreements and Contracts List
• List of contracts City Council is authorizing with budget adoption
24. Fee Schedule Changes
• Summary of proposed changes to the citywide fee schedule
25. 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 6: Review of Budget Materials, General Fund,
Enterprise Funds, Special Revenue Funds, Internal
Service Funds, Housing & Parking Authorities
May 20: Continuation of Citywide Budget Presentations, FY 2025-26 Capital Improvement Program (CIP),
Discussion Papers
June 3: Public Hearing and Adoption of Citywide
Budget and Fee Schedule
Economic Outlook
Impact of Federal Government actions
GDP contracted 0.3% in Q1 2025
Dow had its worst April since 1932
Potential for federal funding freezes and cuts
Consumer confidence at lowest level since COVID
Unemployment up slightly but still stable
Inflation is still trending downward
March CPI for LA at 3.0% (USA at 2.4%)
Interest rates holding steady
Risk of recession now at 45-60%
9 FY 2025-26 State Budget Proposal
10 $322 billion Proposed Budget
$229 billion in General Fund spending proposed
Includes set-aside of $4.5 billion in the Special Fund for Economic Uncertainties (SFEU)
No shortfall projected for FY 2025-26 (as of January) Revenue forecast revised due to stronger than anticipated economy, stock market, and cash receipts
Assumes withdrawal of $7.1 billion from the Budget
Stabilization Account (BSA) in FY 2025-26
Relies on $23 billion in various budget solutions as well as short term savings
Proposed FY 2025-26
Burbank Budget
Maintains programs and services
Includes strategic enhancements
which reflect City Council goals
and priorities
Addresses pension liabilities
Fully funds reserves
11 12
General Fund,
$275,158,994
Water Reclamation
& Sewer,
$30,732,030
Refuse Collection
& Disposal,
$28,832,960
Electric & Water (BWP),
$484,986,403
Internal Service
Funds,
$100,215,980
Special Revenue
Funds, $67,980,167
Housing Authority,
$17,350,094
Parking Authority,
$1,475,486
Successor Agency,
$2,256,769
FY 2025-26 CITYWIDE BUDGET
Total Appropriations: $1,008,988,882
FY 2025-26 General Fund
Revenues: $263,459,151
13 Sales Tax,
$63,381,000
Property Tax,
$82,557,013
Utility Users Tax,
$20,802,308 Service Charges - Intra
City, $17,590,495
Service Charges,
$28,529,794
In-Lieu of Tax,
$10,694,333
Interest/Use of
Money, $4,612,156
Parking/Traffic/Other
Fines, $2,864,000
Transient Occupancy
Tax, $14,407,120
Building Permits/License
Fees, $7,072,531
Transient Parking
Tax, $4,889,040
Business Tax,
$2,538,000
Franchise Fees,
$1,535,400 Intergovernmental
Revenues, $1,985,961
General Fund Recurring Revenues
14 Note: FY 2023-24 includes $11.7M of non-recurring revenue.
Sales Tax 63,522,092$ 64,412,066$ 64,412,066$ 63,381,000$ -1.6% Property Tax 76,196,111 74,955,921 78,625,921 82,557,013 5.0% Utility Users Tax 18,687,489 19,639,000 19,639,000 20,802,308 5.9% Services Charges - Intra City 15,439,505 15,657,042 15,657,042 17,590,495 12.3% Services Charges 27,747,054 25,558,890 27,858,890 28,529,794 2.4% In Lieu of Tax 9,564,335 9,893,000 9,893,000 10,694,333 8.1% Interest/Use of Money 9,494,890 4,318,156 4,818,156 4,612,156 -4.3% Parking/Traffic/Other Fines 2,167,922 2,601,000 2,601,000 2,864,000 10.1% Transient Occupancy Tax 13,184,332 13,853,000 13,853,000 14,407,120 4.0% Building Permits/License Fees 9,006,020 6,152,195 6,902,195 7,072,531 2.5% Transient Parking Tax 4,564,487 4,401,000 4,701,000 4,889,040 4.0% Business Taxes 2,294,821 2,464,190 2,464,190 2,538,000 3.0% Franchises 1,741,869 1,519,650 1,519,650 1,535,400 1.0% Intergovernmental Revenues 7,652,019 2,011,018 1,511,018 1,985,961 31.4% TOTAL REVENUE 261,352,449$ 247,436,128$ 254,456,128$ 263,459,151$ 3.5%
REVENUE
CATEGORY
ACTUAL TOTAL
F Y 2023-24
ADOPTED
RECURRING FY
2024-25
REVISED
RECURRING
F Y 2024-25
PROPOSED
RECURRING FY
2025-26
%
CHANGE
General Fund Revenues
Sales Tax -1.6%
2024 4th Quarter receipts up +0.5%
from prior year
General Consumer Goods -9.6%
Autos & Transportation -2.2%
Business & Industry +28%
Restaurants & Hotels +3.2%
Consumer consumption shifting away
from goods to services
Transactions & Use Tax (TUT) for 4th
Quarter 2024 up +4% from prior year
15 General Fund Revenues
Property Tax +5%
Burbank’s Assessed Value (AV) increased 4.9%, or $1.6 billion Attributable to commercial development, transfers of
ownership, and unsecured property
Median Q1 2025 Burbank home sale price was $1,270,000 (Average price $1.3 million)
Potential one-time impacts from wildfire related tax deferrals and negative supplemental assessments
16 General Fund Revenues
Utility Users Tax (UUT) +5.9%
7% UUT rate is applied to electric, gas, and telephone usage Growth attributable to electric rate increase and higher natural gas prices, offset by a decline in wireless revenue
Assembly Bill (AB) 330 – Local Prepaid Mobile Telephony Services Collection Act
AB 1717 imposes a UUT for prepaid mobile phone services AB 330 seeks to extend the AB 1717 through January 1, 2031 17 General Fund Revenues
Service Charges +2.4%
Park & Recreation expansion of day camps, after school, sports, and aquatics programs
Offset by loss of Starlight Bowl revenue
Continued increases in Plan Check activity
Increase in planned fire inspections for properties in high or very high fire hazard severity zones
18 General Fund Revenues
Transient Occupancy Tax (TOT) +4%
Average occupancy rate for March 2025 is 77.7%
Average daily room rate up 2.1% from 2024 to 2025 (year to date) 19 Burbank Hotel Occupancy Rates
-$30
$20
$70
$120
$170
$220
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
2020 2021 2022 2023 2024 2025
(year to date)
Occupancy Rate ADR
General Fund Revenues
Transient Parking Tax (TPT) +4%
Revenue relies heavily on Hollywood Burbank Airport activity Passenger counts increased 8.5% in 2024 compared to 2023 20 500,000
1,500,000
2,500,000
3,500,000
4,500,000
5,500,000
6,500,000
2020 2021 2022 2023 2024
HOLLYWOOD BURBANK AIRPORT
PASSENGER COUNTS
General Fund Revenues
Parking/Traffic/Other Fines +10.1%
Citywide parking enforcement, collections, and administration program now managed by a third party
Parking citation revenues back on track to meet forecast with implementation of paid/regulated parking program
21 Citywide Fee Schedule Highlights
Last fee study completed in FY 2023-24
Most fees adjusted by CPI
In compliance with Proposition 26
New fees for Planning and Permits
Encroachment for paid parking zone
Processing fees for Real Estate Services
Modification fees for Conditional Use Permits
New fees for additional recycling and organics carts
Brush clearance inspection for high fire hazard severity zones Note: Public hearing for FY 2025-26 Utility Rates is May 20, 2025 22 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
857 active participants
For application and eligible programs go
to www.BurbankCA.gov/BurbankPASS
23 FY 2024-25 General Fund
Appropriations: $275,158,994
24 General
Administration,
$16,039,663
Library Services,
$10,895,814
Management
Services,
$7,913,499
Financial Services,
$7,822,822
Police,
$77,610,844 Fire, $53,486,204
Parks and
Recreation,
$37,495,784
Public Works,
$20,360,666
Community
Development,
$20,626,388 Non-Departmental,
$22,907,310
25 CalPERS Pension Update
Unfunded Actuarial Liability (UAL) at just over $439 million 77.1% average funded status among the City’s three pension plans * Amounts shown are the total employer contribution amounts required for FY 2025-26 if the City were to pay CalPERS on a monthly basis. For FY 2025-26, staff is proposing to prepay the UAL payment to CalPERS, which will result in a cumulative net savings of $1,159,879 citywide.
Classification
Actual
FY 2024-25
Actual
FY 2025-26*
Projected
FY 2026-27
Projected
FY 2027-28
Police 3% @ 50 Rate 23.20% 22.80% 22.30% 21.80%
Police Liability Payment $7,997,927 $8,314,615 $9,314,000 $9,906,000 Fire 3% @ 55 Rate 18.42% 18.32% 17.90% 17.50%
Fire Liability Payment $5,066,096 $5,818,144 $6,579,000 $7,014,000 Misc 2.5% @ 55 Rate 10.96% 10.76% 10.60% 10.40%
Misc Liability Payment $20,417,782 $21,711,502 $24,828,000 $26,482,000 CalPERS Pension Update
26 FY 2023-24 net investment returns of 9.3%
Well over CalPERS’ 6.8% expected rate of return
Should lower UAL and increase the City’s funded status for FY 2026-27
Employer normal cost continues to decline annually due to growing PEPRA employee population
FY 2024-25 returns will impact UAL in FY 2027-28
$26 billion loss in April 2025
May impact costs to PEPRA employees
CalPERS Experience Study results expected in Fall 2025 Proposed Pension Funding Plan
(in 1,000s)
Recommended $3
million increase to
FY 2025-26
contribution
Estimated
additional $1.3
million in recurring
savings ($1 million
General Fund)
27 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 $ 5,400 $ 900 $ 1,800 $ 2,700 Fire Pension Plan $ 3,600 $ 600 $ 1,200 $ 1,800 $ 21,000 $ 4,500 $ 9,000 $ 7,500
Estimated
Recurring
Savings FY 2023-24 FY 2024-25 FY 2025-26
Misc Pension Plan $ (2,056) $ (471) $ (1,057) $ (528) Police Pension Plan $ (851) $ (159) $ (277) $ (415) Fire Pension Plan $ (640) $ (106) $ (214) $ (321) $ (3,547) $ (736) $ (1,547) $ (1,264)
* Only 50% Funded by General Fund
General Fund Appropriations
$1.7 million in new recurring budget
requests (net of revenue)
8.248 additional full-time equivalent (FTE)
positions
$4 million in one-time budget requests
$1.2 million in Enterprise Resource
Planning (ERP) Software Ramp-up funding
$5.9 million in additional payments
towards pension liabilities
28 FY 2025-26 Proposed General Fund Budget
includes:
29 City Services
Economic Development
Housing
Public Safety
Quality of Life
Sustainability
Transportation/Traffic
City Council Priorities
City Services
CM: PIO Staffing and Overtime - $47,990
CDD: Consultants for plan check & building
inspection - $260,000
CDD: Real property support - $150,000
LS: Social Services Supervisor FTE Increase - $28,942 MS: Employment Services Position Upgrades -
$30,217
MS: Medical Services - $25,000
PR: Veterinarian Services Contract - $50,000
30 Economic Development
FS: Accounting & Audit Service Increases – $18,374
LS: Media Industry Job Fair - $35,000
31 Housing
CAO: City Attorney Position Upgrades - $62,383
CAO: Land Surveyor Consultant - $50,000
CDD: Allied Homeless Services - $591,736
CDD: Intermediate Clerk for Affordable Housing - $73,970 32 Public Safety
FD: 24/7 Ambulance Pilot Program - $1,600,000
FD: Firefighter Recruit Academy - $970,000
FD: Community Outreach & Risk Reduction -
$35,000
MS: Police Department Recruitment - $176,620
PD: Parking Citation Processing Fees - $120,000
PD: Parking Enforcement Representatives -
$317,948
PD: Records Bureau Digital Scanning Project-
$175,000
33 Quality of Life
LS: Outreach & Security Ambassadors - $150,000
LS: Hotspot Devices for Public Lending - $4,000
PR: Park Patrol Program - $350,000
PR: After School Daze Staffing - $49,784
PR: Day Camp Programming - $24,834
PR: Military Banner Recognition Program - $13,000
PR: Utility Box Beautification - $7,500 (APP funded)
PW: Custodial Services & Supplies - $115,000
34 Sustainability
Items incorporated into Burbank’s Utility and Capital Improvement Program (CIP) Budgets
35 Transportation/Traffic
CDD: Parking Services Manager - $199,462
(partially funded by Parking Authority)
36 Deferred Budget Items - $913,354
Will recommend incorporation into FY 2025-26 Budget if General Fund revenues exceed projections at first quarter:
CM: PIO Position Upgrades $28,495
CDD: Analyst II for Affordable Housing $125,323
CDD: Real Estate Position Upgrade $5,652
PR: Animal Control Officer $90,973
PR: DeBell Operating Expenses $198,695
PR: Analyst II for Nutrition $121,701
PR: Increased Recreation Leader FTEs $42,711
PD: Three Community Service Officers $247,815
PW: Roadway and Facilities Utilities $94,700
37 38
Discussion Papers
Citywide Outdoor Dining in Private Parking Lots
Economic Impact Report on Increasing Minimum
Wage and Establishing an Enforcement Unit
Expanded Renter Relocation Assistance for Special
Households*
Funding Options for Soft-Story Seismic Retrofit
Program for Rental Unit Data Collection*
Funding for Homeless Programs and Services
Consideration of Expanded Fire Dept Staffing Models
Citywide Enterprise Resource Planning (ERP) Project
*Held in abeyance pending resolution of potential conflict of interest.
Projected FY 2025-26
General Fund Balance
39 Anticipated Recurring Revenue $263,459,151
Less: Proposed Recurring Appropriations (262,433,339) TOTAL RECURRING BALANCE $1,025,812
40 Projected Spendable Fund Balance 6/30/25 $28,665,263 Projected Non-Recurring Revenue/Resources FY 2025-26 1,361,757 Estimated Budget Savings FY 2025-26 5,248,667 Less: Required Reserve Contributions (4,273,077) Less: Proposed Non-Recurring Budget Items (3,849,017) Less: Proposed ERP Ramp-up Funding (1,202,469) Less: Proposed Additional Pension Contributions (5,914,200) TOTAL NON-RECURRING BALANCE $20,036,924 Projected FY 2025-26
General Fund Balance
41 TOTAL RECURRING BALANCE $1,025,812
TOTAL NON-RECURRING BALANCE $20,036,924
PROJECTED SPENDABLE BALANCE
6/30/25 $21,062,736
Projected FY 2025-26
General Fund Balance
General Fund 5-Year Forecast
(in millions)
42 Ending GF
Balance: $21.0 $17.7
$263.5
$273.3
$284.2
$296.2
$307.4
$262.4
$275.7
$286.2
$298.5
$307.6
$200
$220
$240
$260
$280
$300
$320
$340
2025-26 2026-27 2027-28 2028-29 2029-30
Revenue Expenses
Balance/
(Deficit): $1.0 ($2.4) ($2.0) ($2.4) ($0.2) Financial Forecast Risks & Rewards
- Tax revenue from continued development
- Steady tourism and restaurant growth
- Bounce back of entertainment industry
- Pension savings from additional payments
- General Fund cash position
- Elevated risk of recession
- Cooling of retail and auto sectors
- Indirect impact of local disasters
- Federal Government instability
- CalPERS investment losses/assumption changes
43 Unrestricted General Fund
One-Time Resources
44 Projected General Fund Balance 6/30/26: $21,062,736
RESERVES AND SPECIAL ACCOUNTS
15% Working Capital $36,847,825
5% Emergency Contingency 12,282,608
Up to 5% Budget Stabilization 12,282,608
Compensated Absences 3,948,842
Section 115 Pension Trust 32,136,928
Total Available One -Time Resources $118,561,547
Conclusion
The FY 2025-26 General Fund Proposed Budget:
Is balanced on a recurring basis
Projects a remaining one-time balance of $21 million at year-end
Reflects the City Council’s goals and priorities
Appropriates one-time funds towards pension liabilities, generating recurring savings
Fully funds the City’s formal reserves
45 46
Questions?
Jennifer Becker
Financial Services Director
(818) 238-5500
[email protected]