FY 2023 Budget and General Fund Overview
GENERAL FUND – 10101
REVENUES
Sales Tax
Property Tax
Business License
Room Tax
Charges for Current Services
All Other Revenue
Total Annual Operating Revenue
Total Available Funding
These revenue sources represent 88% of the City’s
Total Annual Operating Revenue.
1. These revenue sources are the best indicators of
the level of economic activity in our community.
2. Increased Business Tax revenue means increased
business revenue from increased sales of goods
and services by local businesses.
3. Increased Sales Tax revenue means residents are
spending more money in the economy for goods
and services.
4. Increased Room Tax means more people are
visiting the City for work, family, or leisure.
The higher the level of economic activity, the greater
the revenue generated for the City.
2 FY 2023 Budget Planning
General Fund Revenue
GENERAL FUND - 10101
FY 2019
Actuals
(Pre-Pandemic)
FY 2020
Actuals
(Pandemic)
FY 2021
Actuals
(Pandemic)
FY 2022
Estimate
(May 2022)
FY 23
Proposed
(May 2022)
PRIOR YEAR CARRYOVER 18,227,800 24,806,000 25,432,600 45,523,800 $53,557,800
REVENUES
Sales Tax $100,343,800 $95,060,200 $119,640,200 $148,680,100 $158,429,000 Property Tax 137,164,200 141,332,200 151,479,300 154,307,300 159,672,600 Business License 20,030,200 19,804,800 19,332,300 22,301,800 23,673,100 Room Tax 14,113,000 13,103,500 11,980,700 13,994,400 14,899,200 Charges for Current Services 37,348,000 38,670,600 37,961,800 41,527,600 43,622,600 All Other Revenue 48,649,600 44,693,700 49,353,900 46,437,400 55,586,900 Total Annual Operating Revenue 357,648,800 352,664,900 389,748,200 427,248,600 455,883,400 Total Available Funding$375,876,600 $377,470,900 $415,180,800 $472,772,400 $509,441,200 FY 2023 Budget Planning
General Fund Revenue
6.6%
3.5%
6.1%
6.5%
5.0%
19.7%
Growth
Rate
7.8%
0.4% 10.0% 13.9% 7.8%Annual Growth3
6.7%
Historical Sales Tax Patterns
Revenue Source
2018
Actuals
(Pre-Pandemic)
2019
Actuals
(Pre-Pandemic)
2020
Actuals
(Pandemic)
2021
Actuals
(Pandemic)
2022
Estimate
(May 2022)
2023
Proposed
(May 2022)
Sales Tax $86,784,900 $100,343,800 $95,060,200 $119,640,200 $148,680,100 $158,429,000 Annual $ Change 13,558,900 (5,283,600) 24,580,000 29,039,900 9,748,900 Annual % Change 15.6% -5.3% 25.9% 24.3% 6.6%
FY 2023 Budget Planning
Sales Tax Forecast
1. Sales Tax Projections developed with Muni Services LLC guidance, an Avenu Insights & Analytics Company.
2. Of 30 business segments tracked by Muni Services, five account for nearly 60% of total ST received.
1. Top five include retail @ 26.6%, depart. stores 10.1%, restaurants 9.6%, new auto sales 7.6%, & bldg. materials 6.0%.
3. FY 22 Estimate based on actual Sales Tax earned from July 2021 through December 2021 (2 quarters).
4. FY23 projections reflect normalization of ST growth from retail spending.
1. FY22 is 1st full year of ST from the Amazon’s Fulfillment Center due to financial reporting change. 4 Fresno County Locally Assessed Property Values
Municipality % Total 2020-2021
(As of 1/1/20)
2021-2022
(As of 1/1/21)
Assessed Value Increase
$ %
City of Fresno 65.90% $40,550,383,239 $42,067,735,882 $1,517,352,643 3.74% Clovis 20.10% 12,360,811,493 13,205,085,283 844,273,790 6.83% Coalinga 1.00% 632,284,641 662,511,431 30,226,790 4.78% Firebaugh 0.60% 345,574,272 365,330,563 19,756,291 5.72% Fowler 1.10% 686,959,140 724,155,425 37,196,285 5.41%
Huron 0.20% 117,748,034 124,626,759 6,878,725 5.84%
Kerman 1.40% 858,721,333 900,355,088 41,633,755 4.85%
Kingsburg 1.90% 1,141,828,260 1,217,765,030 75,936,770 6.65% Mendota 0.50% 304,279,964 322,533,101 18,253,137 6.00%
Orange Cove 0.30% 207,703,111 224,103,296 16,400,185 7.90% Parlier 0.70% 441,500,603 457,505,497 16,004,894 3.63%
Reedley 2.00% 1,257,657,325 1,308,894,392 51,237,067 4.07% Sanger 2.10% 1,301,685,091 1,413,947,280 112,262,189 8.62% San Joaquin 0.20% 94,417,195 97,656,993 3,239,798 3.43% Selma 2.00% 1,256,128,983 1,291,060,197 34,931,214 2.78% TOTALS 100.00% $61,557,682,684 $64,383,266,217 $2,825,583,533 3.22% FY 2023 Budget Planning
Property Tax Revenue Forecast
Assessed Property Value
drives Property Tax Revenue.
Assessed Values published
July 2021
2021-2022 Assessed Value
growth for City of Fresno
down by 2.32% from last
year’s growth of 6.06%.
5 Historical Property Tax Patterns
Revenue Source
2018
Actuals
(Pre-Pandemic)
2019
Actuals
(Pre-Pandemic)
2020
Actuals
(Pandemic)
2021
Actuals
(Pandemic)
2022
Estimate
(May 2022)
2022
Proposed
(May 2022)
Property Tax 129,108,800 137,164,200 141,332,200 151,479,300 154,307,300 159,672,600 Annual $ Change 8,055,400 4,168,000 10,147,100 2,828,000 5,365,300 Annual % Change 6.2% 3.0% 7.2% 1.9% 3.5%
FY 2023 Budget Planning
Property Tax Forecast
1. FY 2022 Estimate based on actuals through April 2022.
2. FY 2023 growth rate projected in line with assessed property values . 6 Historical Sales Tax Patterns
Revenue Source
2018
Actuals
(Pre-Pandemic)
2019
Actuals
(Pre-Pandemic)
2020
Actuals
(Pandemic)
2021
Actuals
(Pandemic)
2022
Estimate
(May 2022)
2023
Proposed
(May 2022)
Sales Tax $86,784,900 $100,343,800 $95,060,200 $119,640,200 $148,680,100 $158,429,000 Business Tax 19,348,500 20,030,200 19,804,800 19,332,300 22,301,800 23,673,100 Ratio: Business Tax to
Sales Tax 22.3% 20.0% 20.8% 16.2% 15.0% 14.9%
Room Tax 13,652,200 14,113,000 13,103,500 11,980,700 13,994,400 14,899,200 Ratio: Room Tax to
Sales Tax 15.7% 14.1% 13.8% 10.0% 9.4% 9.4%
FY 2023 Budget Planning
Sales Tax, Business Tax, and Room Tax Forecast
6.1%
6.5%
6.6%
Growth
Rate
1. Sales Tax is an indicator for other revenues
2. Annual Business Tax and Room Tax correlate with Sales Tax 7 GENERAL FUND - 10101
FY 2019
Actuals
(Pre-Pandemic)
FY 2020
Actuals
(Pandemic)
FY 2021
Actuals
(Pandemic)
FY 2022
Estimate
(May 2022)
FY 23
Proposed
(May 2022)
FY 23 Proposed
% of Total
City Council Districts $3,243,300 $3,616,900 $4,055,800 $4,512,000 $7,820,500 1.4% Mayor/City Manager 4,104,300 4,373,400 4,812,000 5,086,000 6,936,200 1.3% City Clerk 869,100 942,000 1,009,300 1,012,700 1,529,800 0.3% City Attorney 6,339,600 15,961,700 18,738,800 19,570,200 22,396,000 4.1% Police 161,546,300 179,309,900 187,749,400 207,754,800 220,451,300 40.2% Fire 60,926,900 68,883,400 75,085,300 82,889,300 87,423,900 15.9% PARCS 15,249,700 15,946,400 23,250,800 24,703,200 36,430,000 6.6% Public Works 9,173,600 9,251,000 10,286,600 15,968,400 65,249,600 11.9% General City Purpose 8,226,700 12,291,700 24,316,200 13,912,400 28,269,100 5.1% Economic Development 0 0 0 1,490,700 4,222,200 0.8%
Planning and Development 28,394,900 19,110,600 22,600,100 29,994,000 40,529,300 7.4% Finance 6,740,700 6,131,100 46,781,500 7,322,500 18,791,800 3.4% All Other 12,509,500 3,796,900 3,982,600 5,859,000 9,012,100 1.6% TOTAL $317,324,600 $339,615,000 $422,668,400 $420,075,200 $549,061,800 100.0% FY 2023 Budget Planning
General Fund Expenses by Department
8 QUESTIONS