City of Commerce
FY 2024‐25
Budget Adoption
June 25, 2024
The plan for fiscal year 2024‐2025
Council is recommended to approve tonight's status quo budget based on the Prior Year Amended budget The budget also includes adjustments for contractually required increases and decreases as well as other needed adjustments (Public Safety / Public Works contracts, Utilities) 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 sometime in September 2 General Fund
Departmental Budgets and Preliminary Revenue Projection 4 Preliminary On‐Going FY 2024/2025 Revenue
75,024,477
Proposed Status Quo Budget by Department
Fire Protection
15,489,396
Non Departmental
11,675,965
Law Enforcement
10,336,951
Public Works
9,068,159
Parks and Recreation
8,455,115
Library
3,567,801
Finance and IT
2,362,763
Economic Development and Planning
2,308,503
Administration
1,961,326
Other Public Safety
1,905,891
Human Resources
1,311,553
Legal
1,000,000
City Council
400,010
City Clerk
231,494
Total Proposed Expenditure Budget
70,074,927
Preliminary Surplus
4,949,550
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
673,699
Fund 29
CDBG Fund
136,277
Fund 33
Community Assistance
420,000
Fund 42
Community Ctr. Debt Service
777,300
Fund 45
Pension Obligation Bonds
625,200
Fund 50
Water Utility Fund
1,857,247
Fund 57
Transportation
6,852,300
Fund 58
CNG
2,100,000
Measure AA Budget
Along with the City’s operating budget process, the Council reviews and makes decisions as to the allocation of the ½ cent sales tax…these funds go towards the City’s Capital Improvement Program The Council will be entertaining the City’s CIP projects budget at the July 23rd Council meeting 7 In closing…
Staff Recommends adopting the status quo budget as presented The preliminary surplus and revenue projection is subject to change between tonight and the budget revisit projected for September Staff will return with a budget update in September for Councils consideration 8 9
Questions/Comments?