FY 2024 Finance Department Budget Presentation
Finance Department
Mission Statement
The Finance Department guides fiscal policy, advocating for sound business processes to ensure the City’s financial integrity and effective stewardship. This is accomplished through the oversight and management support of City operations, by assisting with the receipt, collection, disbursement and monitoring of resources.
The department seeks to ensure all are valued and supported to achieve positive outcomes and personal success.
2 Finance Department
Organization Chart
3 Santino Danisi
City Controller/Finance
Director
Accounting
Accounts Payable/
Receivables
Financial Reporting
(ACFR)
Asset Management
Payroll Treasury Debt Management/Collection Business Tax Business Tax/Permitting
Dog Licensing
Grants Management Internal Audit Utility Billing and
Collections
Admin
Customer Service
Collections & Field
Service
Payments & Special
Billing
Administrative Support
Team
Finance Department
FY 2023 Accomplishments
Credit rating upgrade from the three major rating agencies (Fitch Ratings, Moody’s and S&P) leading to improved interest rates on financing
Successfully facilitated the revenue bond financing to fund airport expansion efforts ($91.1 million) Facilitated and supported 5,300 families within the City of Fresno with rental and utility assistance ($23.5 million ERAP)
Coordinated contractual agreements with 17 Community Based Organizations to ($13.5 million ARPA):
Provide financial support to 837 small businesses impacted by COVID Serve 2,183 adults and children with job training, homeownership assistance, affordable housing, and services for children
Serve 469 families in services for children with medical, developmental, or emotional needs Facilitated collection of $20.2 million in business tax through May; anticipating a record high collection amount by years end
Retired outstanding debt ($1.2 million) related to the development of the Roeding Industrial Business Park Implemented the Tyler-Munis Financial system across all City departments Successfully completed FY 2021/22 Measure P independent financial audit statement Successfully completed FY 2021/22 independent financial statement audit, incorporating new GASB 87 implementation requirements
4 Appropriation Type FY 2021
Actuals
FY2022
Actuals
FY 2023
Amended
FY 2024
Proposed
Personnel $7,946,055 $8,810,691 $10,573,600 $11,677,700 Non-Personnel $49,311,215 $35,541,864 $100,283,600 $9,990,700 Interdepartmental $2,416,388 $2,614,553 $3,198,000 $3,537,000 Total Department Expenditures $59,673,658 $46,967,109 $114,055,200 $25,205,400 Finance Department
FY 2024 Total Budget
Notes
1. FY 22 Personnel Costs increase due to a full year of staff costs to process ERAP claims.
2. FY 22 Non-Personnel costs decreasing due to a decline in CARES-funded expenses.
3. FY 23 Personnel Costs increase due to addition of the new Grants Management Unit, addition of 2 FTE in Accounting, and COLA increases for Unit 3 & 14.
4. FY 23 Non-Personnel costs increase due to budgeting projects funded with ARPA and ERAP.
5. FY 24 Personnel Costs increase due to salary adjustments, step advancement, and contractual obligations driven by negotiated MOUs.
6. FY 24 Non-Personnel costs decrease due to ERAP near completion and ARPA funds reallocated to various departments in FY24.
7. FY 24 Interdepartmental costs increase due to Fleet Acquisition, Fleet Fuel, Facilities Management, and IS Service/ EquipmentCharges. 5 Position Type FY 2022
Adopted
FY 2023
Adopted
FY 2023
Amended
FY 2024
Changes
2024
Proposed
Fiscal Services 59.75 53.00 53.00 1.00 54.00
Utility Billing and Collection 63.00 63.00 63.00 0.00 63.00 Total 122.75 116.00 116.00 1.00 117.00
Finance Department
FY 2024 # of Budgeted Positions
Notes
1. Financial Services
• FY23 – Positions decrease due to Purchasing Unit moving to the General Services Department. • FY24 - Proposed addition of 1FTE Sr. Accountant Auditor to the Accounting Unit. This position will provide supervisory support to the Accounts Payable area. 6 Non-Position Type Budget 2024 Proposed
Contractual Obligations $756,999
Equipment $114,200
Finance Department
FY 2024 Budget - Most Impactful Items
Notes
1. Contractual Obligations includes professional services contracts for audit service, mail/print service, armored car service, data collection, claims reimbursement service, scanning/storage service, etc.
2. Equipment budget includes acquisition of
two (2) replacement trucks with fuel and
maintenance charges.
7 Grant Type 2024
Proposed
Federal:
ARPA $4,795,000
State:
ERAP $2,525,000
Finance Department
FY 2024 Budget – Federal / State Grants
Notes
1. Federal grant includes $4,795,000 in
American Rescue Plan Act (ARPA) to fund
Community Based Organizations (CBOs).
2. State grant includes $2,525,000 for the
Emergency Rental Assistant Program
(ERAP) through December 2023.
8 QUESTIONS
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