Julie Kennicutt
Budget Manager
June 5, 2024
FY 2025 Proposed Budget Overview
Measure X, General Fund Forecast
2 Enterprise Funds, Internal Service Funds
Financial Stability
Ensure the City has adequate and
sustainable financial funding to
delivery high-quality services to
residents.
Strong Economy
Expand the local economy by
supporting local businesses,
providing opportunities for new
business, and ensuring there are
ample opportunities for job seekers.
Sound Infrastructure
Sustain high quality service delivery by
investing in public infrastructure, including
parks, buildings, equipment, roads, and
technology.
Safe Community
Protect our quality of life by ensuring
the community is safe and clean.
Sense of Place
Build community through
celebrating our rich heritage,
increasing access to recreational and
cultural activities, and improving the
relationship between the City and
residents.
High-Performing
Government
Improve the efficiency and effectiveness
of the City’s services to bring
government into the 21st century.
4 Departments prepare
budget information
for next fiscal year
CFD/LMD budget
preparation
April 22nd – CIP
information to
Planning Commission
Review/consolidate
FY 2025 budget
information
March 28th – Spring
Financial Workshop
May 14th – CIP
information to Parks &
Rec Commission
May 15th – Overview to
City Council
June 5th – Budget Adoption
July 1, 2024
FY 2025 Begins
Nov – Feb March April May June July
5 FY 2025 Estimated $454.3 Million
Governmental Funds
General Fund $ 225,468,985
Special Revenue 40,453,671
Capital Projects 7,118,949
Subtotal 273,041,605
Proprietary or Business Type
Enterprise 134,006,789
Internal Service 32,084,557
Subtotal 166,091,346
Fiduciary Funds
Agency Funds 7,107,504
Private Purpose Trust 8,035,508
Subtotal 15,143,012
Total $ 454,275,963
Governmental Funds
$273.0
60.1%
Proprietary or Business Type
$166.1
36.6%
Fiduciary
$15.1
3.3%
6 FY 2025 Proposed $464.1 Million
Governmental Funds
General Fund $ 220,941,833
Special Revenue 38,538,638
Capital Projects 15,315,660
Subtotal 274,796,131
Proprietary or Business Type
Enterprise 148,086,532
Internal Service 31,031,042
Subtotal 179,117,574
Fiduciary Funds
Agency Funds 7,324,910
Private Purpose Trust 2,860,520
Subtotal 10,185,430
Total $ 464,099,135
Governmental Funds
$274.8
59.2%
Proprietary or
Business Type
$179.1
38.6%
Fiduciary Funds
$10.2
2.2%
7 Enterprise Funds
• Programs or activities
that are supported by
rates and/or fees.
• May also include grants
or reimbursements from
other governmental
agencies.
9 FY 2025 – Revenue $62.7M – Expenditures – Operating $59.5M, CIP $2.0M, O&M $1.4M Millions $-
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
FY 2021
Actuals
FY 2022
Actuals
FY 2023
Actuals
FY 2024
Estimate
FY 2025
Estimate
Revenue Operating Budget CIP O&M
$58.4 $58.1
$77.3
$61.8 $62.7 $59.2 $60.6 $62.8
$66.6 $62.9
10 FY 2025 – Revenue $34.4M – Expenditures – Operating $33.6M, CIP $7.6M, O&M $3.1M Millions
$-
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
FY 2021
Actuals
FY 2022
Actuals
FY 2023
Actuals
FY 2024
Estimate
FY 2025
Estimate
Revenue Operating Budget CIP O&M
$34.0
$30.5
$35.3 $34.0 $34.4
$27.3
$35.4 $37.6
$52.9
$44.3
11 Measure X, General Fund Forecast
$-
$30
$60
$90
$120
$150
$180
$210
$240
Millions
Sales Tax
Property Tax
Other Taxes
Current Services
Other Revenue
Payments in Lieu of Services
Investment Earnings
Intergovernmental Revenue
Licenses, Fees & Permits
Fines, Forfeitures & Penalties
Transfers In
Special Assessments
With updated information, these numbers will change throughout the budget process.
These 5 categories
make up 90.4% of
General Fund
Inflows
13 Increase of $2.1 million, or 0.9%, over FY 2024 estimate FY 2021
Actuals
FY 2022
Actuals
FY 2023
Actuals
FY 2024
Estimate
FY 2025
Estimate
Transfers In 1.2 1.2 1.1 1.2 1.2
Revenue 148.7 415.6 220.5 223.4 225.5
Total Inflows 149.9 416.8 221.6 224.6 226.7
$149.9
$416.8
$221.6 $224.6 $226.7
$-
$50
$100
$150
$200
$250
$300
$350
$400
$450
Millions
14 Year Over Year Comparison
Totals Inflows Estimated Estimated
Revenues + Transfers In FY 2024 FY 2025
Property Tax $ 64,184,995 $ 65,623,930 $ 1,438,935
Sales Tax 57,027,732 58,314,466 1,286,734
Sales Tax - Measure X 41,676,454 42,298,372 621,918
Other Revenue 11,583,258 10,974,962 (608,296)
Other Taxes 14,457,606 14,789,698 332,092
Current Services 13,298,339 12,849,409 (448,930)
Payments in Lieu of Services 6,445,705 7,874,038 1,428,333 Increase in Reimbursement for Services to Other Funds (Cost Allocation Plan) Intergovernmental Revenue 4,763,693 2,099,035 (2,664,658) Investment Earnings 5,609,700 6,484,027 874,327
Licenses, Fees & Permits 2,256,423 2,091,186 (165,237) Fines, Forfeitures & Penalties 1,299,662 1,290,195 (9,467) Special Assessments 773,347 779,667 6,320
Total Revenues $ 223,376,914 $ 225,468,985 $ 2,092,071 Transfers In $ 1,235,696 $ 1,248,100 $ 12,404
Total Inflows $ 224,612,610 $ 226,717,085 $ 2,104,475 Estimated transfer based on Gas Tax Fund revenues, Section 2107.
Variance Comments
Increases in Secured Property Tax and Vehicle License Property Tax Increase of $1.3M in Sales Tax and increase of $160K in Prop 172 Allocation Increase in Measure X Sales Tax
Increases of $124K in Transient Occupancy Tax, $181K in Franchises, and $28K in Business License Taxes
Decreases of $397K in Special District Admin Reimbursement, $82K in Billboard Revenue, $35K for PEG Fee, $18K in Fair Share Development Agreement, $17K for Misc. Income/Refunds, and $48K in Library Donations
Decreases of $1.7M in Revenue from other Government Agencies, $300K in Federal Grant Revenue, $255K in Fire Mutual Aid Reimbursement, and $266K in State Grant Revenue Various increases and decreases throughout the various fees Increase in Interest on Investments
Various increases and decreases throughout the various fees Increase of $9K in Admin. Fines & Penalties and decrease of $22K in Business License Penalties Based on number of units within special assessment areas 15 FY 2025 Proposed $220.9 Million
General Fund
City Manager's Office $ 10,298,456
Economic Development 1,692,601
Elected Officials 172,830
Finance 4,605,580
Human Resources 3,072,409
Information Technology 736,222
Legal & Risk Management 2,099,380
Administrative Departments 22,677,478
Fire 35,651,015
Police 59,934,587
Public Safety Departments 95,585,602
Community Services 19,396,559
Planning & Development 9,051,108
Public Works 4,974,657
Community Service Departments 33,422,324
Capital Improvement Projects 12,000,000
Debt Service 23,348,093
General Government 33,706,630
Operating & Maintenance Projects 201,706
Other 69,256,429
Total Operating Budget $ 220,941,833
Administrative
$22.7
10.3%
Public Safety
$95.6
43.3% Community
Service
$33.4
15.1%
Capital
Improvement
Projects
$12.0
5.4%
Operating
&
Maintenan
ce Projects
$0.2
0.1%
Debt Service
$23.3
10.5%
General
Government
$33.7
15.3%
16 FY 2025
Department Personnel Contractual Materials and
Supplies Utilities Projects Grand Total % of Total
City Manager's Office $ 3,543,840 $ 6,121,180 $ 623,588 $ 9,848 $ - $ 10,298,456 Economic Development 1,000,589 544,000 144,512 3,500 - 1,692,601 Elected Officials 143,272 - 25,500 4,058 - 172,830
Finance 3,736,575 831,515 37,490 - - 4,605,580
Human Resources 2,147,889 483,400 439,620 1,500 - 3,072,409 Information Technology 148,622 587,000 600 - - 736,222
Legal & Risk Management 1,844,990 233,050 19,120 2,220 - 2,099,380 Subtotal Administrative Departments 12,565,777 8,800,145 1,290,430 21,126 - 22,677,478 10.3% Fire 32,640,814 412,300 2,549,336 48,565 - 35,651,015
Police 51,808,617 1,649,428 6,306,006 170,536 - 59,934,587 Subtotal Public Safety 84,449,431 2,061,728 8,855,342 219,101 - 95,585,602 43.3% Community Services 8,660,623 3,867,713 6,745,291 122,932 - 19,396,559 Planning & Development 6,469,574 1,986,000 594,834 700 - 9,051,108 Public Works 3,036,767 935,000 988,991 13,900 - 4,974,658 Subtotal Community Service Departments 18,166,964 6,788,713 8,329,116 137,532 - 33,422,325 15.1% Capital Improvement Projects (CIP) - - - - 12,000,000 12,000,000 Debt Service - - 23,348,093 - - 23,348,093
General Government 10,593,346 1,551,856 17,092,024 4,469,404 - 33,706,630 Operating & Maintenance Projects (O&M) - - - - 201,706 201,706 Subtotal Other 10,593,346 1,551,856 40,440,117 4,469,404 12,201,706 69,256,429 31.3% Grand Total $ 125,775,518 $ 19,202,442 $ 58,915,005 $ 4,847,163 $ 12,201,706 $ 220,941,833 % of Total 56.9% 8.7% 26.7% 2.2% 5.5%
17 18
FY 2025 Only
Category
Prev. Approved
Recurring
FY 2025
New Recurring
FY 2025
New One-Time
Total
FY 2025
Funding FY 2025 Reserves
Economic Development $ 520,924 $ - $ 1,175,000 $ 1,695,924 $ 1,000,000 Public Safety 7,195,443 528,063 1,048,379 8,771,885 1,000,000 Service Improvements 5,166,566 - - 5,166,566 -
Proactive Debt Retirement 3,647,860 - - 3,647,860 2,000,000 Homelessness 5,915,861 28,000 57,909 6,001,770 -
Infrastructure Investments 458,514 - 3,661,000 4,119,514 - Parks & Recreation 2,764,556 195,000 3,891,000 6,850,556 2,295,429 Community Building/Engagement 881,263 85,574 429,065 1,395,902 - Totals $ 26,550,987 $ 836,637 $ 10,262,353 $ 37,649,977 $ 6,295,429 FY 2025 Grand Total: Total FY 2025 Funding + FY 2025 Reserves $ 43,945,406 Economic
Development
6.1%
Public Safety
22.2% Service
Improvements
11.8%
Proactive Debt
Retirement
12.8%
Homelessness
13.7%
Infrastructure
Investments
9.4%
Parks &
Recreation
20.8%
Community
Building/Engagement
3.2%
Recurring
62.3%
Reserves
14.3%
One
Time
23.4% Reserve Funds ($6.3M)
❑EcDev Strategic Investment Reserve ($1.0M)
❑Parks/Trails Reserve Fund ($2.3M)
❑Pension Trust Reserve Fund ($2.0M)
❑Public Safety Reserve Fund ($1.0M)
19 Recurring, One-Time & Reserves
Adopted Projected Proposed Forecast Forecast Forecast Forecast FY 2024 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 Revenues $212,511,735 $223,376,914 $225,468,985 $230,617,400 $235,731,516 $241,623,344 $ 246,523,390 Transfers In 1,235,696 1,235,696 1,248,100 1,260,600 1,273,200 1,285,900 1,298,800 Inflows 213,747,431 224,612,610 226,717,085 231,878,000 237,004,716 242,909,244 247,822,190 Personnel Expenditures (115,015,280) (115,373,903) (125,775,517) (128,694,378) (131,068,706) (133,480,974) (135,928,499) Operating Expenditures (56,885,379) (59,425,439) (59,616,517) (57,694,500) (58,528,900) (58,338,900) (58,669,500) Debt Service / Principal Payments (22,595,308) (22,595,308) (23,348,093) (24,081,001) (23,807,499) (21,868,212) (22,063,460) Capital Improvement Projects (6,196,000) (21,204,682) (12,000,000) (12,227,000) (10,379,000) (8,270,000) (6,787,000) O&M Projects (1,134,760) (4,777,386) (201,706) (650,000) - - - Transfers Out (125,039) (421,683) (125,039) - - - -
Estimated Savings at Fiscal Year End - 5,714,884 - - - - - Debt Service - New Bond Issuance - - - (4,666,364) (4,806,355) (7,046,907) (7,046,907) Upcoming Operational Costs City Park - - - - (579,423) (1,738,270) (1,790,400) Upcoming Outflows (201,951,766) (218,083,517) (221,066,872) (228,013,243) (229,169,884) (230,743,264) (232,285,765) Inflows Over Outflows $ 11,795,665 $ 6,529,093 $ 5,650,213 $ 3,864,757 $ 7,834,832 $ 12,165,980 $ 15,536,425 Less Measure X Reserves (10,901,567) 7,294,647 (6,295,428) (2,495,116) (4,331,106) (5,377,411) (6,851,951) From Park Bond Reserve Funding - Skyline Project 600,000 600,000 From Park Bond Reserve Funding - Border Park* 350,000
Fund Balance - Donations and PEG Fees 613,847
Remaining Inflows Over Outflows $ 1,494,098 $ 14,423,740 $ 318,632 $ 1,369,641 $ 3,503,726 $ 6,788,569 $ 8,684,474 *Pending discussion at t he Parks & Recreat ion Commission Meet ing FY 2025
20 FY 2025 Estimated $454.3 Million
Governmental Funds
General Fund $ 225,468,985
Special Revenue 40,453,671
Capital Projects 7,118,949
Subtotal 273,041,605
Proprietary or Business Type
Enterprise 134,006,789
Internal Service 32,084,557
Subtotal 166,091,346
Fiduciary Funds
Agency Funds 7,107,504
Private Purpose Trust 8,035,508
Subtotal 15,143,012
Total $ 454,275,963
Governmental Funds
$273.0
60.1%
Proprietary or Business Type
$166.1
36.6%
Fiduciary
$15.1
3.3%
22 Governmental Funds
$274.8
59.2%
Proprietary or
Business Type
$179.1
38.6%
Fiduciary Funds
$10.2
2.2%
FY 2025 Proposed $464.1 Million
Governmental Funds
General Fund $ 220,941,833
Special Revenue 38,538,638
Capital Projects 15,315,660
Subtotal 274,796,131
Proprietary or Business Type
Enterprise 148,086,532
Internal Service 31,031,042
Subtotal 179,117,574
Fiduciary Funds
Agency Funds 7,324,910
Private Purpose Trust 2,860,520
Subtotal 10,185,430
Total $ 464,099,135
23 June 5, 2024
June 5, 2024
July 1, 2024
July 1, 2024
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