FY 2025 Proposed Budget – General Fund Overview
FY 2025 Proposed Budget
General Fund Revenues - $504.2 million
2 All Other Revenue
Amount
(in millions)
Franchise Fees $22.1
Inter/Intra-governmental 23.7
Cannabis 7.1
Prop 172/RE Transfer Taxes 5.6
Card Room 1.1
Other 1.3
Total – All Other Revenue $60.9
Beginning Carryover, $23.7 ,
4.7%
Sales Tax, $147.7 , 29.3%
Property Tax, $189.8 , 37.6%
Business Tax, $23.2 , 4.6%
Room Tax, $15.7 , 3.1%
Charges for Current Services, $43.2 , 8.6%
All Other Revenue, $60.9 , 12.1%
Category FY 2022
Actuals
FY 2023
Actuals
FY 2024
Estimate
FY 2025
Proposed Annual Change
PRIOR YEAR CARRYOVER $45,523,800 $48,804,700 $55,907,500 $23,675,700 (57.7%)
REVENUES
Sales Tax 144,706,500 145,115,200 149,630,100 147,745,700 (1.3%) Property Tax 154,702,800 166,659,000 179,803,700 189,805,700 5.5% Business Tax 21,870,800 22,925,900 23,499,400 23,211,900 (1.2%) Room Tax 15,349,100 14,965,800 15,615,700 15,724,900 0.7% Charges for Current Services 41,760,400 41,351,400 41,649,500 43,164,700 3.6% All Other Revenue 47,372,200 60,891,800 57,128,200 60,854,000 6.5% Total Annual Operating Revenue 425,761,800 451,909,100 467,326,600 480,506,900 2.8% Total Available Funding $471,285,600 $500,713,800 $523,234,100 $504,182,600 (3.6%) FY 2025 Proposed Budget
General Fund Revenue
6.2% 4.5% (3.6%)Annual Change3
All Other Revenue FY 2022
Actuals
FY 2023
Actuals
FY 2024
Estimate
FY 2025
Proposed Annual Change
Franchise Fees $ 17,647,400 $ 19,048,000 $ 20,393,300 $ 22,063,800 8.2% Intergovernmental 9,193,700 14,783,000 9,891,100 8,864,300 (10.4%) Intragovernmental 11,824,800 13,066,800 14,717,200 14,864,500 1.0% Cannabis 0 1,575,400 2,261,600 7,120,900 214.9%
Prop 172 Sales Tax 4,059,200 5,208,000 5,001,500 4,000,000 (20.0%) Real Estate Transfer Tax 2,304,700 1,643,800 1,577,600 1,577,600 0.0% Card Room 683,800 1,034,300 1,021,100 1,051,700 3.0%
Other 1,658,600 4,532,500 2,264,800 1,311,200 (42.1%)
Total All Other Revenue $ 47,372,200 $ 60,891,800 $ 57,128,200 $ 60,854,000 6.5% FY 2025 Proposed Budget
General Fund
4 FY 2025 Proposed Budget
Sales Tax Revenue – 10-year History
• FY 2024 estimate and FY 2025 projection based on
HDL guidance
• Top five of nine industry groups account for 81% of
total
1. Business & Industry 26.1%
2. General Consumer Goods 17.3%
3. State & County Pools 16.1%
4. Autos & Transportation 12.7%
5. Restaurants & Hotels 9.1%
6. Building & Construction 8.3%
7. Fuel & Service Stations 6.2%
8. Food & Drugs 3.8%
9. All Other 0.4%
5 $67.5
$83.6 $84.5
$97.7 $95.2
$91.1
$125.2
$158.4 $153.6
$68.0
$83.0
$87.4
$100.3
$95.1
$119.6
$144.7 $145.1
$149.6 $147.7
0 20
40 60
80 100
120
140
160
FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023. FY 2024 Est. FY 2025 Proposed
Budget Actuals
($s in millions)
FY 2025 Proposed Budget
Property Tax Revenue – 10-year History
• FY 2024 estimate based on assessed
values published July 2023
• FY 2025 growth projection proposed at
5.5% over FY 2024 estimate
6 $112.9
$120.8
$126.5
$131.7
$140.2 $148.5
$160.0 $159.7
$174.1
$116.3
$122.1 $129.1
$137.2 $141.3
$151.5 $154.7
$166.7
$179.8
$189.8
0 20
40 60
80 100
120
140
160
180
200
FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Est. FY 2025 Proposed
Budget Actuals
($s in millions)
FY 2024 Amended and FY 2025 Proposed Budget
General Fund Appropriations by Category
7 Employee Services,
$230.6 , 49.6%
Health & Welfare,
$27.7 , 5.9%
Retirement, $37.2 ,
8.0%
Pension Obligation
Bond, $12.9 , 2.8%
Workers'
Compensation,
$19.0 , 4.1%
Operation &
Maintenance, $62.6 ,
13.4%
Interdepartmental
Charges, $66.3 , 14.3%
Minor Capital, $8.4 , 1.8%Contingency, $0.7 , 0.1%
FY 2024 Amended Budget $465.4 million
Employee Services,
$239.1 , 49.5%
Health & Welfare,
$29.1 , 6.0%
Retirement, $41.3 ,
8.5%
Pension Obligation
Bond, $12.8 , 2.6%
Workers'
Compensation,
$27.5 , 5.7%
Operation &
Maintenance, $47.7 ,
9.9%
Interdepartmental
Charges, $73.7 , 15.3%
Minor Capital, $10.8 , 2.2%Contingency, $1.0 , 0.2%
FY 2025 Proposed Budget $482.9 million
FY 2025 Proposed Budget
General Fund Appropriations by Department – $482.9 million 8 City Council Districts, $5.7 , 1.2%
Mayor/City Manager, $5.7 , 1.2%
City Clerk, $1.5 , 0.3%City Attorney, $27.5 , 5.7%
Police, $250.6 , 51.9%
Fire, $76.0 , 15.7%
PARCS, $23.9 , 4.9%
Public Works, $22.9 , 4.7%
General City Purpose, $5.2 , 1.1%
Economic Development, $3.3 , 0.7%
Planning and Development, $32.7 , 6.8%
Finance, $7.7 , 1.6%
All Other, $20.3 , 4.2%
Department FY 2022
Actuals
FY 2023
Actuals
FY 2024
Amended
FY 2025
Proposed % of Proposed
City Council Districts $ 4,454,100 $ 5,512,600 $ 9,113,500 $ 5,661,900 1.2% Mayor/City Manager 4,352,900 5,549,200 6,102,900 5,698,700 1.2% City Clerk 765,100 1,216,000 1,547,300 1,501,000 0.3%
City Attorney 18,671,200 21,110,100 26,458,300 27,527,700 5.7% Police 207,058,200 211,727,000 244,805,200 250,591,600 51.9% Fire 82,199,200 86,256,200 85,609,400 75,999,800 15.7%
PARCS 18,611,800 21,888,000 28,601,800 23,890,300 4.9%
Public Works 13,471,800 13,819,000 22,619,300 22,890,600 4.7% General City Purpose 13,232,000 11,021,500 (27,350,000) 5,207,300 1.1% Economic Development 1,049,700 1,690,300 1,973,100 3,274,700 0.7% Planning and Development 32,522,100 30,399,500 35,936,500 32,708,600 6.8% Finance 4,968,900 7,291,400 8,802,100 7,693,400 1.6%
All Other 3,982,600 7,538,500 21,146,900 20,273,500 4.2% TOTAL $ 407,811,700 $ 425,019,300 $ 465,366,300 $ 482,919,100 100.0% FY 2025 Proposed Budget
General Fund Expenses by Department
9 QUESTIONS