Commerce City Council
June 14, 2022

City of Commerce
FY 2022‐23 Budget Adoption
June 14, 2022
The plan for fiscal year 2022‐2023
• Council is recommended to approve tonight's status
quo budget based on the Prior Year Amended budget which includes programs reinstated during FY 2021/2022 • The budget also includes minor adjustments for contractually required increases and decreases as well as other needed adjustments (Safety contracts, Prop A exchange) • Staff proposes to meet with Council and Departments over the summer to review budget priorities and then return to the City Council with a budget update in late summer early fall 2 The plan for fiscal year 2022‐2023
Reasons for extending the process over the
summer:
• Governance Transition
• Inflation/Recession risks are rising and could impact 2022/23 Revenue forecast
• California Legalize Sports Betting and Revenue for Homelessness, housing, and Education Initiative • Allows time to include the Class and Compensation study in the budget process 3 General Fund
Departmental Budgets and Preliminary Revenue Projection 4 Preliminary On‐Going FY 2022/2023 Revenue 68,426,976Proposed Status Quo Budget by Department Fire Protection 14,241,716Public Safety 9,950,138
Non Departmental 8,003,731Public Works 7,641,269
Parks and Recreation 5,483,247
Transfers 3,645,000Administration 3,167,001Library 2,798,878Finance and IT 2,063,842 Legal 1,000,000Human Resources 995,555
Economic Development and Planning 905,067
City Council 294,682City Clerk 288,110
Total Proposed Expenditure Budget 60,478,236
Preliminary Surplus 7,948,740
5 2022-23 Proposed General Fund Expenditure Budget
Fire Protection Services 23.5%Public Safety 16.5%Non Departmentl 13.2%Public Works 12.6%Parks and Recreation 9.1%Transfers 6.0%Administration 5.2%Library 4.6%Finance and IT 3.4%Legal 1.7%Human Resouces 1.6%Economic Development andPlanning 1.5%City Council 0.5%City Clerk 0.5% The City’s General Fund spends 40% of its budget on Public Safety and Fire Protection Budget Appropriations
Other Funds
6 Fund 22 COPS Grant 100,000
Fund 25 Proposition A 1,425,000
Fund 26 State Gas Tax 624,264
Fund 29 CDBG Fund 187,834
Fund 33 Community Assistance 437,695
Fund 42 Community Ctr. Debt Service 792,363
Fund 45 Pension Obligation Bonds 625,247
Fund 50 Water Utility Fund 2,117,500
Fund 57 Transportation 6,582,314
Fund 58 CNG 2,080,000
Measure AA Budget
• ½ Cent sales tax which funds the City’s Capital
Improvement Program
• Staff proposes one on one meetings with
Council over the summer to review the CIP projects and prioritize the list • Staff will return with the prioritized list for the
Councils consideration at a later date
7 In closing…
• Staff Recommends adopting the status quo
budget as presented
• The preliminary surplus and revenue projection
is subject to potential reductions due to various negative economic issues • Staff will return with a budget update in late
summer early fall for the Councils consideration
8 9
Questions/Comments?