MAYOR’S PROPOSED BUDGET FY 2027Finance DepartmentBudget PresentationJUNE 8, 2026
Finance DepartmentFY 2027 Total Budget2
FY 2027 ProposedFY 2026 AmendedFY 2025 ActualsFY 2024 ActualsCategory$ 13,158,000$ 12,232,500$ 10,345,839$ 10,374,248Personnel2,986,8003,139,6002,383,8497,521,631Non-Personnel3,346,9003,755,5003,123,3753,493,196Interdepartmental$ 19,491,700$ 19,127,600$ 15,853,062$ 21,389,075TotalJ U N E 8 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7Notes1. Proposed budget includes $9,500,400 in General Fund and $9,991,300 Non-General Fund2. Increased personnel costs reflect contractual MOU obligations3. Personnel budget accounts for attrition rate of 6.18% Finance DepartmentFY 2027 Budgeted Positions3
FY 2027 ProposedFY 2027 ChangesFY 2026 AmendedFY 2026 AdoptedFY 2025 AdoptedCategory55.00-55.0055.0056.00Fiscal Services9.00-9.008.0010.00Budget & Management Studies64.00-64.0064.0063.00Utility Billing & Collection128.00-128.00127.00129.00TotalNotes:1. Conversion* from Accountant Auditor II to a Division Manager 2. Conversion* from Senior Administrative Clerk to Senior Accountant Auditor*Department and Personnel Services will follow proper meet and confer processJ U N E 8 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7 Finance DepartmentOperational Impacts4
FY 2027 ProposedDescription$ 236,000Increase in Revenue -Enhanced Discovery Methods for Business Tax Collection1)$ 200,000Increase in Revenue -Rebates for Virtual Card Payment Made2)Notes:1. Implementation of data sharing agreement with the California Franchise Tax Board2. Rebates will be earned for payment made to vendors that elect to be paid via a virtual card as opposed to paper check or EFTJ U N E 8 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7 Finance DepartmentProgram & Project Highlights5
J U N E 8 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7
1. Implementing Business Tax and Utility Billing & Collections e-billing campaigns to enhance operations, efficiency and reduce cost 2. Bond issuance for Pave More Now totaling $100M3. Two consecutive years of Audited Financial Statements with zero findings4. Will successfully complete the American Rescue Plan Act grant awarded May 2021 totaling $170.8M5. PeopleSoft Upgrade, modernizing payroll process efficiency 6 Questions
J U N E 8 , 2 0 2 6 M A Y O R ' S P R O P O S E D B U D G E T F Y 2 0 2 7