Luis Navarro, Senior Financial
Analyst
February 7, 2024
BUDGET
UPDATE
QUARTER 2
FY 2024
2 GENERAL FUND UPDATE
Quarter 2, FY 2024
General Fund • Measure X Fund • Historic Civic Center Fund • Pension Stabilization Trust Fund Highlights – Mid-Year Estimate Changes
General Fund Inflows = Revenues + Transfers In
Other Taxes – Increasing 7.7%, or $1.1 million
Current Services – Increasing 5.7%, or $0.7 million
Other Revenue – Increasing 2.2%, or $0.2 million
Sales Tax – General Fund – Increasing 5.4%, or $2.9 million Sales Tax – Measure X – Decreasing 4.5%, or $2.0 million Net increase $5.9 million, 2.7% compared to current budget License, Fees & Permits – Decreasing 4.1%, or $0.1 million General Fund – Inflows | Revenues + Transfers In
Budget to Mid-Year Estimates
4 General Fund – Inflows | Revenues + Transfers In
Mid-Year Estimates to Actuals – December 2023
5 General Fund Mid-Yr Estimate Through Q2 %
Revenue Category FY 2024 FY 2024 Received
Sales Tax 57,072,014 19,451,287 34.1%
Measure X 41,818,620 13,613,219 32.6%
Property Tax 61,012,300 40,325,530 66.1%
Other Revenue 11,404,302 4,401,842 38.6%
Current Serrvices 12,437,199 6,982,229 56.1%
Other Taxes 15,925,680 5,348,913 33.6%
Payments in Lieu of Services 6,445,705 3,207,846 49.8%
Intergovernmental Revenues 4,681,182 2,051,412 43.8%
Licenses, Fees & Permits 2,125,186 1,104,009 51.9%
Utility Service Charges 9,106 5,716 62.8%
Fines, Penalties & Forfeitures 1,082,830 510,082 47.1%
Investment Earnings 5,609,281 3,499,480 62.4%
GASB31 Gain/Loss on Investment 5,230,535 N/A
Special Assessments 771,947 - 0.0%
Total Revenues $ 220,395,352 $ 105,732,101 48.0%
Transfers In 1,235,696 561,943 45.5%
Total Inflows 221,631,048 106,294,044 48.0%
Total Inflows (w/o GASB31) $ 221,631,048 $ 101,063,509 45.6% General Fund – Inflows | Sales Tax Revenues
Quarter Reporting
Period
FY 2023
Quarter Total
FY 2024
Quarter Total
Yr over Yr
Qtrly Total
Change $
Yr over Yr
Qtrly Total
Change %
3rd Quarter July – Sept $14,060,616 $15,432,455 $1,371,839 9.8% 4th Quarter Oct – Dec 15,332,146
1st Quarter Jan – Mar 15,695,385
2nd Quarter Apr – June 16,035,800
Fiscal Year Total $61,123,947 $15,432,455
Mid-Year Estimate FY 2024 $57,072,014
Percentage of estimated revenue received 27.0%
SALES TAX – GENERAL FUND 110
6 General Fund – Inflows | Sales Tax Revenues
Quarter Reporting
Period
FY 2023
Quarter Total
FY 2024
Quarter Total
Yr over Yr
Qtrly Total
Change $
Yr over Yr
Qtrly Total
Change %
3rd Quarter July – Sept $11,442,511 $10,754,214 ($688,297) (6.0%) 4th Quarter Oct – Dec 11,560,961
1st Quarter Jan – Mar 10,639,312
2nd Quarter Apr – June 10,873,897
Fiscal Year Total $44,516,681 $10,754,214
Mid-Year Estimate FY 2024 $41,818,620
Percentage of estimated revenue received 25.7%
SALES TAX – MEASURE X FUND 120
7 Highlights
General Fund – Outflows | Expenditures + Transfers Out
01 The cummulative outflow budget is $246.8 million
Through December, approximately 50% of FY complete 02 (approximately, due to timing of payments) 03 Overall outflows % of cumulative budget spent 33.3%
<40% Spent: CIP/O&M Projects, City Manager’s Office, Debt Service, Economic Development, General Government, Information Technology, 04 Planning & Development, and Public Works 8 General Fund – Outflows | Expenditures + Transfers Out Budget to Actuals – December 2023
9 General Fund Reserves
• Equal to 3 months of
operating expenditures
• Adjusted at the end of
each fiscal year.
1 $45,353,853
2 $3,922,049
3 $35,429,248
4 $43,340,023
10 Emergency
Contingency
Budget
Balancing
Pension
Stabilization
Measure X
Reserves
• Been in place for 20+
years
• Since FY 2022, we no
longer add new money
into this reserve at the
end of the fiscal year.
• In FY 2022, $30 million
was transferred from
Budget Balancing to
the Pension Stabilization
Trust Fund
• Unspent Measure X
funds that don’t roll into
next fiscal year will go
into the reserve
• Reserve amount
discussed with Council
each year through the
budget cycle
11 UTILITIES FUNDS UPDATE
Quarter 2, FY 2024
Electric Fund • Water Fund • Sewer Fund
Utilities Funds
Reclaimed
Water Utility
Fund
Sewer Utility
Fund
Sewer
Funds
Water
Capacity
Fund
2013
Wastewater
Revenue Bond
Project Fund
Greenfield
Electric Utility
Fund
Electric
Funds
Water Utility
Fund
Sewer Utility
Grant/
Agreement
Fund
Water Utility
Grant/
Agreement
Fund
2012 Water
Revenue Bond
Project Fund
Sewer
Capacity
Fund
Direct Access
Electric Utility
Fund
Water
Funds
12 Electric Utility
Grant/
Agreement
Fund
↑ 2.5% increase, $0.4M
↑ Current Services
↑ Fees & Permits
↑ Investment Earnings
↑ Other Revenue
↑ Utility Service Charges
↓ 0.9% decrease, $0.7M
↑ Current Services
↓ Fees & Permits
↓ Fines, Penalties & Forfeitures
↑ Intergovernmental Revenues
↑ Investment Earnings
↓ Licenses, Fees & Permits
↓ Other Revenue
↑ Proceeds from LT Debt
↓ Utility Service Charges
↑ 0.4% increase, $0.1M
↑ Current Services
↓ Intergovernmental Revenues
↑ Investment Earnings
↓ Licenses, Fees & Permits
↑ Other Revenue
↑ Utility Service Charges
Electric Water Sewer
13 Highlights – Mid-Year Estimate Changes
Utilities Funds Inflows = Revenues + Transfers In
Utilities Funds – Inflows | Revenue + Transfers In
Budget to Mid-Year Estimates
14 Utilities Funds – Inflows | Revenue + Transfers In
Mid-Year Estimates to Actuals – December 2023
15 Enterprise Funds Mid-Yr Estimate Through Q2 %
Fund Type FY 2024 FY 2024 Received
Electric $ 18,303,718 $ 9,427,961 51.5%
GASB31 Gain/Loss on Investment - 699,804 N/A
Water 80,300,121 34,302,455 42.7%
GASB31 Gain/Loss on Investment - 1,770,324 N/A
Sewer 35,820,439 14,870,825 41.5%
GASB31 Gain/Loss on Investment - 2,567,959 N/A
Total Revenues $ 134,424,278 $ 63,639,328 47.3%
Transfers In - Electric - - N/A
Transfers In - Water 1,114,779 - N/A
Transfers In - Sewer - - N/A
Total Inflows $ 135,539,057 $ 63,639,328 47.0%
Total Inflows (w/o GASB31) $ 135,539,057 $ 58,601,242 43.2% Sewer – 19.4%
Operating budget
43.2% spent
CIP / O&M budget
5.9% spent
Electric – 43.6%
Operating budget
48.2% spent
CIP / O&M budget
0.7% spent
Water – 24.6%
Operating budget
41.7% spent
CIP / O&M budget
5.5% spent
Outflows 24.0% of budget spent:
16 Highlights
Utilities Funds – Outflows = Expenditures + Transfers Out Utilities Fund – Outflows = Expenditures + Transfers Out Budget to Actuals – December 2023
17 Utilities Fund – Outflows = Expenditures + Transfers Out Budget to Actuals – December 2023
Utilities Reserves
GOAL
$4,202,715
1 $234,438
2 $3,103,828
3 $1,151,962
18 Electric Utility Water Utility Sewer Utility
GOAL
$23,648,198
GOAL
$12,688,183
City of Corona
Questions?
(951) 279-3500
[email protected]
www.CoronaCA.gov
City of Corona
Strategic Plan
Implementation
Progress Report FY 24-Q2
20 Aminah Mears, DPA, Assistant to the City Manager
February 7, 2024
The Plan
▷ 1 Vision
▷ 1 Purpose
▷ 6 Value statements
▷ 6 Goals
▷ 21 Objectives
▷ 138 Strategic Actions
▷ 125 Performance Indicators &
Milestone Measures
VISION
Corona will be a safe, vibrant,
family-friendly community
PURPOSE
To create a community
where everyone can thrive
VALUES
We are Bold
We challenge the status quo in our relentless pursuit to rethink how we do business. We are on a mission to
innovate, modernize services, and bring government into the 21st century.
We are Humble
Everyone has a role to play, and we find purpose in
doing our part. We own mistakes and learn from them to
become better. We value feedback, embrace our
vulnerabilities, and take time to celebrate others.
We are Driven
We have strong work ethic and tackle issues head on,
even the tough stuff. We anticipate problems, develop
creative solutions, and push ourselves to be better.
We are Honest
We strive to do what is right, not what is easy. We
keep our commitments and take responsibility for
results, even if things go wrong.
We are Kind
No matter who you are or where you are from,
you’re welcome here. We embrace diversity, treat
people with dignity, and genuinely care for others.
We are a Team
We give voice to our community. We trust and
honor the process of collaboration. We achieve
more together.
GOALS
Financial
Stability
Safe
Community
Sense of
Place
Strong
Economy
Sound
Infrastructure
High Performing
Government
FY24 Q2 Progress Report
Projects, Performance Measures &
Milestones
Now available in
https://performance.envisio.com/dashboard/cityofcorona2172 27 Financial Stability
Progress Highlights
Regularly review
revenue sources to
ensure a balanced,
intentional allocation of
revenue sources
Pursue an
AAA/Aaa/AAA GO
Bond credit rating
from S&P and
Moody’s & Fitch.
Identify core
services and
service levels for
both mandates
and nonmandated
services
Increase the
percentage of
services funded via
external sources
Utilize Strategic
Plan to guide
future financial
decisions
28 Financial Stability Performance Report
29 Strong Economy
Progress Highlights
Take steps to
increase crime
prevention within the
downtown business
district.
Create a development
handbook that explains
review and approval
process
Build partnerships and
programs that support
youth and adult
development to ensure a
prepared and skilled local
workforce.
Partner with the
Chamber in its Corona
2030 Plan for local job
creation to reduce
local unemployment
Redevelop the Corona
Mall properties
30 Strong Economy Performance Report
31 Sound Infrastructure
Progress Highlights
Build an up-to-date
Geographic Information
System (GIS) inventory
of all utility
infrastructure.
Develop a Trails Master
Plan
Develop a Parks and
Recreation Master Plan
Modernize traffic
cameras and explore
AI to optimize traffic
flows
Develop a Corporate
Energy Management Plan
to reduce costs and
improve energy efficiency
32 Sound Infr astr uctur e Performance Report
33 Safe Community
Progress Highlights
Upgrade and maintain
the City’s 911 system to
ensure reliable
emergency response
Promote community
involvement in identifying
hazards and effective
measures to reduce
impacts.
Develop a long-term
funding plan for
emergency service
assets.
Develop a plan to
address chronic
staffing issues in
dispatch call center
Implement the City’s
Homeless Strategic
Plan
34 Safe Com m unity Performance Report
35 Sense of Place
Progress Highlights
Utilize volunteer-led
hikes to help residents
become familiar with
trail and park
opportunities
Develop “on demand”
registration capabilities to
provide onsite registration
or reservations at parks,
fields, or facilities.
Update the Mills Act
Landmark list
Develop a performing
arts venue and/or
renovate Historic Civic
Center
Develop an
implementation plan
for ADA
improvements to City
facilities.
36 Sense of Place Performance Report
37 High Performing Government
Progress Highlights
Develop annual
department work plans
based on the Strategic
Plan and the City’s
budget
Replace the Enterprise
Resource Planning
System
Pursue award and
certification
opportunities to
evaluate municipal
services
Explore the option of
instituting an employee
mentoring program that
pairs new staff with
seasoned mentors.
Improve the quality
and consistency of
customer service by
training staff
38 High Per for ming Gov’t Performance Report
39 Strategic Plan Overall Progress
City of Corona
Q2
By the Number s
Oper ational Per for m ance Update
(Compared to FY24 Q1 Numbers)
40 41
Community Services
FY24 Q2 Operational Performance
110,634
Registered Library
Users
12,322
Library Program
Participants
11,714
Trees Trimmed
1,578
Trees Planted
12,141
Recreation Activity
Participants
791/4,373 Hours
Community Volunteers
13,440
Attendees @
Special Events
34,235
Corona Cruiser
Ridership
11,482
Dial-a-Ride Ridership
407
Trees Removed
42 Homelessness
FY24 Q2 Operational Performance
947
CPD Homeless Related
Calls for Service
580
Cubic Yards of Debris
Removed
160
Emergency Shelter
Clients Served
57 City Net Street
Outreach &
Engagement Contacts
5 Permanent Housing
Placements
71 Emergency
Shelter Beds
Available
43 Community Engagement
5,885,869
Social Media Impressions
582,196
Website Visits
FY24 Q2 Operational Performance
1,077,105
Total Video Views
350,047
Emails Opened
235,0341
Total Social Media Audience
260,838
Social Media Engagements
44 SeeClickFix
FY24 Q2 Operational Performance
722
Total Tickets submitted
1 Average days to
acknowledge
6 Average days to close
1,034
Street Maintenance Tickets
70,480 SF
Graffiti Removed
344
Graffiti Tickets
549
Parkway Maintenance Tickets
(Landscape and Trees)
45 Economic Development
FY24 Q2 Operational Performance
191*
New Businesses
68 Businesses Assisted,
Supported, & Promoted
1,235*
Business License
Renewals
21 Business Outreach &
Visitations
* This number reflects business with physical locations in Corona. 2 Partnership events with
the Corona Chamber
18 Live Work Corona
Pledges
INSPECTION
SERVICES
Planning & Development
PLANNING
SERVICES
343
Applications Processed
100%
Applications Processed on
Time
21 Average Days to Process
Applications
(Does not include over the counter
permit)
TBD
Satisfaction Rating
PLAN
CHECK
1,457 / 1,023
Building Plan Checks/
Permits Issued
98%
Plan Checks/Permits
Processed on Time
5.59 / 4.47
Avg. Days to Review Plan
Checks/Permits
(first check/rechecks)
81%
Satisfaction Rating
FY24 Q2 Operational Performance
DEVELOPMENT
SERVICES
375
Plan Checks/Permits
Issued*
96%
Plan Checks/Permits
Issued on Time*
7 Avg. Days to Review Plan
Checks/Permits
N/A
Satisfaction Rating*
4,346 / 919
Building/Infrastructure
Inspections
99%
Inspections Completed
on Time
1 Avg. Days to Complete
Inspections
TBD
Satisfaction Rating
CODE
COMPLIANCE
447
Cases Opened
896
NOVs Issued
476
Cases Closed
114
Citations Issued
(Dry Utility, Grading, TTM/PM Plan
Checks & Permits)
* No customers submitted surveys in Q2 46
21 Public Works
FY24 Q2 Operational Performance
TRAFFIC
ENGINEERING
50 Work Orders Completed
(signing, striping, curb painting)
170
Traffic Signals
Maintained
84 Traffic Plan
Checks
CAPITAL
PROJECTS
83 Active CIP Projects
48 Planning/Design Phase
35 Out to Bid/Under
Construction
1 Projects Completed
STREET
MAINTENANCE
1,034 / 1,032
Work Orders
Received/Completed
7,636
Curb Miles Swept
155
Streetlights Repaired
5,057 SF
Sidewalk, Curb, Gutter
Replaced
FLEET
228 / 324
Scheduled vs.
Unscheduled Repairs
238
Vehicles & Equipment
Inspected
23 / 22
Fire Apparatus
Inspections/
Unscheduled Repairs
NPDES
INSPECTIONS
77 Commercial/Industrial
Inspections
65 Construction Site
Inspections
17 Illicit Connections &
Discharges Identified
48 Public Safety
227
Vehicles
Towed
147
Fire
Calls
FY24 Q2 Operational Performance
727
Fire
Inspections
4,024
Calls for
Service
2,692
Medical Calls
23,063
Calls for
Service
4:50
90% of response
time falls under*
2,093
Parking
Citations
4:49
Average
Response Time
2,281
Vehicle
Citations
646
Arrests
39%
Response rate at
5:00 mins or less*
82%
Response to
medical calls at
6:00 mins or less
72%
Response to fire
incidents at 6:00
mins or less *Response to Priority 1 Calls
49 Utilities
BILLING &
ADMINISTRATION
48 sec.
Average Speed of Answer
139,145
Bills Mailed
8,726
Customer Service Calls
33.6%
Auto Pay Subscriptions
UTILITIES
MAINTENANCE
1,379 / 1,304
Work Orders
Received / Closed
59,695
CCTV Inspected
66,045 LF
Sewer Mains Cleaned
110
Meters Replaced
ELECTRIC
UTILITY
99.997%
Time Power is On
132,476
Mins. w/ Power
4 Mins. w/o Power
1 Electrical Outages
WATER
UTILITY
2.57 Billion Gal.
Water Treated
1,342 / 100%
Water Samples /
Compliance Rate
1.09 Billion Gal.
Wastewater Treated
2,351 / 100%
Wastewater Samples/
Compliance Rate
FY24 Q2 Operational Performance
INFORMATION
TECHNOLOGY
4,416,343
Potential Malicious
Activity Blocked
2,599
IT Service Requests
Completed
#5
National Ranking for
IT Services
(Population125K-250K)
Internal Support
CLERK’S OFFICE
245
Public Records
Requests
10 Agendas Published
23 Claims Received
25 Subpoenas Processed
HUMAN
RESOURCES
51 Jobs Posted
45 New Hires
43 Promotions
42 Separations
PURCHASING
17 Bids Issued
143
Contracts Executed
310
Purchase Orders
Issued
440
P-Tracks Completed
ACCOUNTING
85%
Invoices Paid within 30
days
6,347
Invoices Processed
33 Consecutive Years
Receiving GFOA Award
FY24 Q2 Operational Performance
50 Questions?
(951) 279-3508
[email protected]
www.CoronaCA.gov