Agenda Item B.10
CONSENT CALENDAR
Meeting Date: September 20, 2022
TO: Mayor and Councilmembers
FROM: Luke Rioux, Finance Director
CONTACT: Tony Gonzalez, Accounting Manager
SUBJECT: Fiscal Year 2021/22 Fourth Quarter (Year-End) Financial Review (Unaudited) RECOMMENDATION:
Adopt Resolution No. 22-__ entitled, “A Resolution of the City Council of the City of Goleta, California, Amending the City of Goleta ’s Operating and CIP Budget for Fiscal Year 2021/22.”
BACKGROUND:
This report provides a financial update on the City’s preliminary actual revenue and expenditure activity through the fourth quarter (Q4) for the FY 2021/22 Operating and Capital Improvement Program (CIP) Budget, which was adopted on June 15, 2021 as part of the two-year FY 2021/22 and FY 2022/23 budget plan. The information in this report is preliminary and provides a review of the revenue and expenditure activity from July 1 through June 30, 2022 and other relevant financial information. Additionally, this report recommends various adjustments to the adopted budget.
All numbers presented in this report are unaudited and may change upon the conclusion of the independent year-end audit that is currently underway. Staff expects modifications, if any, to be minor and therefore immaterial. The auditors and staff will present the City’s final audited FY 2021/22 Annual Comprehensive Financial Report (ACFR) at the completion of the audit and financial statement preparation targeted in December 2022.
DISCUSSION:
General Fund Budget Summary:
Table 1 summarizes the General Fund’s past three fiscal year activity, current FY 21/22 budget and year to date actuals.
1 Meeting Date: September 20, 2022
Table 1 - General Fund Budget Summary
In summary, the overall revenue and expenditure activity in FY 2021/22 resulted an increase of approximately $6.9 million to the City’s Fund Balance on an actual basis for a total of $39.7 million. There are no new expenditure appropriations being recommended, only internal budget adjustments that include reprogramming of $26,705 to the newly created General Services Department, which are described in the Ge neral Fund Expenditure Analysis section below . Staff is needing Council authority to make this adjustment since it is transferring budgets from other departments.
The FY 2021/22 Budget was adopted on June 15, 202 1 with total expenditures at $32.2 million. The budget reflected a gradual restoration of revenues that were impacted by the pandemic. The budget also included increasing expenditures to restore staffing levels, projects that were deferred and addressing deficiencies and workload capacity issues.
Since July 1, 2021, the City Council has approved various new expenditure budget appropriations totaling approximately $ 10.8 million. Of th at amount , $3.9 million was programmed for the FY 2020/21 Pavement Rehabilitation Project and $1.9 million was FY 2020/21 carryover budget that was finalized in Q1 for one-time programmed budget for active City projects. When combining the approved appropriations with the carryovers of $1.9 million, this increased the expenditure budget to a total of $42.9 million. The following table summarizes and recaps the budget appropriations Council had approved in FY 21/22.
Table 2 – General Fund Budget Appropriations (Since July 1, 2021)
Date Amount Description
6/15/2021 $ 32,182,400 FY 21/22 Budget adopted on June 15, 2021 7/20/2021 $ 120,000 LED Street Lighting Project 8/17/2021 $ 106,000 Homelessness Services (CityNet and Encampments)
9/21/2021 $ 3,900,000 FY 20/21 Pavement Rehabilitation Project 10/5/2021 $ 45,000 Project Labor Agreement Update 10/19/2021 $ 309,770 City Hall Solar PV Project - Promissory Note 11/16/2021 $ 21,012 Broadband Strategic Plan - MOU 12/7/2021 $ 39,800 City Hall Solar PV Project - Contract Amendment with Optony, Inc
FY 2018/19 FY 2019/20 FY 2020/21 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
Revenues and Other Sources 30,024,330$ 28,687,014$ 41,007,446$ 35,846,500$ 37,849,466$ 105.6% -7.7% Operating Expenditures 24,603,776$ 24,819,277$ 24,225,764$ 39,527,414$ 30,650,400$ 77.5% 26.5% Capital Expenditures 830,931$ 10,681,884$ 1,266,975$ 3,417,402$ 251,642$ 7.4% -80.1% Total Expenditures 25,434,707$ 35,501,161$ 25,492,739$ 42,944,816$ 30,902,042$ 72.0% 21.2% Net Change to Fund Balance 4,589,623$ (6,814,147)$ 15,514,707$ (7,098,316)$ 6,947,424$ Beginning Fund Balance 19,502,475$ 24,092,098$ 17,277,951$ 32,792,658$ 32,792,658$ Ending Fund Balance 24,092,098$ 17,277,951$ 32,792,658$ 25,694,342$ 39,740,082$ Category
FY 2021/22
2 Meeting Date: September 20, 2022
12/7/2021 $ 800,200 Update MOU - Salary and Benefit Accounts 12/21/2021 $ 62,000 Mathilda Parcel Acquisition APN 079-553-013 12/22/2021 $ 210,531 Q1 Expenditure Appropriations and Adjustments (See Q1 Report for details)
12/23/2021 $ 1,935,082 Q1 - One-time CIP and Special Project Carryovers from FY 19/20
12/24/2021 $ 174,055 Economic Development Strategic Plan Update
1/18/2022 $ 665,000 San Jose Creek Fish -Passage Modification Project
1/18/2022 $ 40,000 HdL Tax Revenue Enhancement Analysis 2/15/2022 $ 108,743 Q2 Expenditure Appropriations and Adjustments (See Q2 Report for details)
2/24/2022 $ 100,000 Goleta Community Center Strategic Plan 3/1/2022 $ 20,000 RRM Design Group Contract Amendment - objective design standards services
3/15/2022 $ 120,905 Goleta Community Center - Gas Line Replacement
4/5/2022 $ 34,290 Russ Branson Consulting Contract Amendment - County contracts analysis
5/17/2022 $ 1,950,028 Q3 Expenditure Appropriations and Adjustments (See Q3 Report for details)
Total New
Appropriations $ 10,762,416 Total Expenditure Budget Appropriations Total Budget $ 42,944,816 FY 21/22 Final Budget
General Fund Revenue Analysis:
The tables presented in this section include budget -to-actual comparisons between the current fiscal year and compare the previous fiscal year quarter-to-date actuals.
Property tax, sales tax and transient occupancy tax are the City’s major tax revenues. They account for over 80% of total General Fund revenues. Table 3 summarizes fourth quarter budget-to-actual activity, whi ch is followed by a brief discussion of the key revenue variances and where the City is trending
3 Meeting Date: September 20, 2022
Table 3 – General Fund FY 2021/22 Revenues through Q4 (June 30)
Overall preliminary actual revenues through the end of Q4 are at $37.8 million, which is approximately $2 million higher than anticipated or 105.6% of budget. When comparing to prior year FY 20/21 actuals, total revenues decreased $3.2 million or 7.7%. The decrease in actuals is due to the large one -time reimbursement of $10 million lease proceeds received in FY 20/21 related to the City Hall purchase. When removing the $10 million, total revenues are actually trending higher through Q4 at $6.8 million or 22.1%.
Property Tax
Property tax is the second largest revenue source for the City and accounts for 22.9% of total General Fund revenues a nd is considered to be the most stable . This category is composed of three payment types – (1) the “Traditional” Property Tax, which is received in large part during the months of December and April, (2) the Property Tax in Lieu of Motor Vehicle License Fees (MVLF), which is received in two payments during January and May, and (3) the monthly Documentary Transfer Tax revenue, which is derived from changes in ownership of real property and assessed value.
Overall property tax revenues received of $8.7 million exceeded budget projections by $461,521 or 5.6%. On an actual basis, overall property tax revenues increased by $418,487 at 5.1%. The increase is due to higher than anticipated assessed valuations, RDA pass - through payments and documentary transfer tax received.
The City shares half (50%) of its property tax allocation with the County of Santa Barbara, per the Revenue Neutrality Agr eement (RNA). The amount shared with the County is estimated to be approximately $3.7 million for FY 21/22.
Sales Tax
Sales tax collections are projected to be the third largest revenue source for the City at $8.6 million and accounts for 22.6% of total General Fund revenues. Sales tax is considered one of the most volatile revenue sources given the dependency on consumer behavior and business activity. The City does not receive its full 1% sales tax allocation of the 7.75% sales tax rate that is normally allocated to cities. The City shares 30% of the 1% sales tax FY 2018/19 FY 2019/20 FY 2020/21 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
Property Taxes 7,431,595 7,684,647 8,237,033 8,194,000 8,655,521 105.6% 5.1% Sales Taxes 6,994,204 6,735,609 7,585,649 8,100,000 8,572,807 105.8% 13.0% Transient Occupancy Tax 11,564,512 9,197,440 9,239,079 13,000,000 14,341,129 110.3% 55.2% Cannabis Tax - 391,342 2,083,171 2,000,000 1,738,534 86.9% -16.5% Franchise Fee Tax 1,337,267 1,361,348 1,410,787 1,491,400 1,513,730 101.5% 7.3% License & Service Charges 1,466,477 1,823,082 1,645,798 1,870,300 1,929,169 103.1% 17.2% Fines & Penalties 211,003 165,935 118,873 140,500 167,745 119.4% 41.1% Interest & Rent Income 460,481 565,849 209,018 355,500 324,195 91.2% 55.1% Reimbursements 393,331 471,326 359,354 326,000 247,041 75.8% -31.3% Other Revenues 142,279 260,453 10,085,368 325,000 334,891 103.0% -96.7% Other Sources 23,182 29,983 33,316 43,800 24,704 56.4% -25.8% Total Revenues 30,024,330$ 28,687,014$ 41,007,446$ 35,846,500$ 37,849,466$ 105.6% -7.7% Revenues
FY 2021/22
4 Meeting Date: September 20, 2022
revenues with the County of Santa Barbara , per the RNA . The amount projected to be shared this fiscal year is approximately $3.6 million.
The City’s s ales tax base is generated from various main industry categories, including General Consumer Goods with a dominant share at an average of 22%. General Consumer Goods is represented by a multitude of retail stores that provide various consumer goods.
The bu sinesses in this category include large discount department stores, electronics stores, home furnishing stores and other retailers. The next largest industry categories are the State and County Pools (primarily online sales) now at 19% (normally 14%), and Business and Industry (manufacturers and industrial), Restaurants and Hotels (dining establishments, fast food, and bars) , Building and Construction at 12% , and Autos and Transportation at 11% . The percentage share by the eight major industry groups for th e City is seen in Figure 1 below:
Figure 1 – Sales Tax Revenue from Major Industry Groups
The sales tax receipts received this fiscal year of $8.6 million exceeded its revised budget projections of $8.1 million by $472,807 or 5.8%. In comparison to prior year , sales tax revenues were up $987,158 or 13%. The sales tax growth is driven across all industries, and specifically those impacted by the shutdown orders during the pandemic, such as fuel and service stations and restaurants and hotels.
Transient Occupancy Tax (TOT)
The City’s TOT was the largest General Fund revenue source at 37.9% this fiscal year.
TOT has historically been the largest revenue source for the City since FY 2012/13. TOT is the most volatile and was severely impacted by the pandemic due to heavy reliance on overnight stays and has continued to recover over the course of the fiscal year . Based on actual receipts, TOT revenues of $14.3 million exceeded the revised budgeted projections of $13 million by $1.3 million or 10.3%. When compared to prior year of $9.2 million, TOT Autos and
Transportation
11%
Building and
Construction
12%
Business and
Industry
12%
Food and Drugs
6%
Fuel and Service
Stations
6%
General Consumer Goods
22%
Restaurants and
Hotels
12%
State and County Pools
19%
5 Meeting Date: September 20, 2022
revenues were up $5.1 million or 55.2%. The increase is largely due to higher average daily rates and average occupancy levels returning to pre -pandemic levels . Pre-pandemic occupancy rates were on average around 78% with the average daily rate (ADR) around $245. For FY 21/22 occupancy rates were on average around 76% with ADR around $333.
Table 4 and Figure 2 summarize the actual TOT revenues received by month in comparison to the prior three fiscal years.
Table 4 – TOT Revenues for the Twelve Months of FY 2021/22
Figure 2 – TOT Monthly Trend
Month
2018/19
Actuals
2019/20
Actuals
2020/21
Actuals
2021/22
Actuals
$ Chg from
Prior Year
% Chg from
Prior Year
July 1,325,613$ 1,389,695$ 669,922$ 1,704,247$ 1,034,326$ 154.4% August 1,278,046 1,365,353 894,806 1,546,744 651,938$ 72.9% September 1,010,472 1,057,156 858,289 1,322,884 464,595$ 54.1% October 904,428 1,008,713 845,369 1,130,339 284,970$ 33.7% November 875,203 826,170 639,146 969,235 330,089$ 51.6% December 692,371 731,050 322,282 889,565 567,283$ 176.0% January 677,067 740,150 348,766 683,128 334,362$ 95.9% February 777,694 826,479 524,788 867,652 342,864$ 65.3% March 883,099 391,077 758,298 1,159,034 400,737$ 52.8% April 982,306 111,640 1,018,359 1,412,193 393,833$ 38.7% May 972,262 238,349 1,057,257 1,251,448 194,191$ 18.4% June 1,185,351 511,608 1,301,798 1,404,659 102,862$ 7.9% Total 11,563,912$ 9,197,440$ 9,239,079$ 14,341,129$ 5,102,050$ 55.2% 18/19 Baseline $ Change (2,366,473)$ (2,324,833)$ 2,777,216$ 18/19 Baseline % Change -20.5% -20.1% 24.0%
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
Goleta TOT Monthly Trend
2018/19
Actuals
2019/20
Actuals
2020/21
Actuals
2021/22
Actuals
6 Meeting Date: September 20, 2022
During budget adoption, staff assumed a gradual rise to continue, along with the return of faculty and students at UCSB for fall quarter and the possibility of increased airport passengers over the summer months. Projections assume that all ten hotels remain operating in the fiscal year and no changes occur in the overall supply of rooms in Goleta.
Since the middle of September through March, UCSB has contracted with local hotels to provide temporary accommodations to students due to housing shortages. This has impacted the City’s TOT revenue due to long term stay exemptions. Staff had originally estimated about $230,000 to $290,000 of estimated TOT impacts through March 2022.
Staff has communicated with UCSB about current and future impacts. UCSB staff has indicated it is planning to offset TOT impacts with a payment in lieu of taxes based on what the actual TOT would have been if no exemption were applicable. By the end of the second quarter, City staff received payment of $224,031 from UCSB which represents an equivalent amount to the TOT that might have otherwise been collected by six City of Goleta hotels for the period from September 19, 2021, to November 30, 2021. Staff has recently received the final in lieu payment of $63,478 for the period from December 1, 2021, to March 20, 2022. In total, the City received $287,509. Due to the classification of how this revenue is received, staff will account for these funds as part of miscellaneous one -time revenues, since it is not a TOT tax payment and are funds outside of what is collected and remitted by hotels.
Cannabis Business Tax
On November 6, 2018, the voters passed Measure Z2018, establishing a tax on cannabis business operations within the City of Goleta . The passing of this ballot measure subjects cannabis businesses to taxation on gross receipts of cannabis based on classifications up to a maximum of 10 percent. The current tax rates are seen in Table 5:
Table 5 – Current Cannabis Tax Rates
The City of Goleta currently has 14 active licenses and 2 applications in the review process.
When excluding businesses with multiple locations, there are 11 business operators, with 9 operators reporting cannabis business tax revenues. Cannabis business tax payments are due quarterly by the end of the following month (e.g., July through September, is due by October 30).
Cannabis Business Classification Activities Taxed Tax Rate Adult Use Cannabis Retailing Gross Receipts 5%
Medicinal-Use Cannabis Retailing Gross Receipts 0%
Manufacturing Gross Receipts 2%
Cultivation Gross Receipts 4%
Distribution Gross Receipts 1%
Testing Gross Receipts 0%
Nurseries Gross Receipts 1%
Maximum Tax Limit Gross Receipts 10%
Maximum Cap for Multiple Operations Gross Receipts 10%
7 Meeting Date: September 20, 2022
Total cannabis business tax revenues received through end of June 30 were approximately $1.7 million and fell short of the $2.0 million budget projection by ($261,466) or -13.1%.
When compared to prior year revenues of $2.08 million, cannabis revenues decreased $344,637 or 16.5%. This decreas e was anticipated due to the ongoing volatility and uncertainty around this new revenue source and revenues were revised down during Q3.
Based on current activity and ongoing discussions with cannabis operators and other jurisdictions, increased competition and shifting of demand is resulting in lower than anticipated total cannabis tax revenues.
Cannabis tax revenues will continue to experience ongoing volatility as uncertainty surrounds the cannabis industry. Staff will continue to evaluate the cannabis tax activity and potential fiscal impacts as new operators begin to collect and remit taxes . In addition, staff plans to conduct financial audits with its consultants for proper reporting later this fiscal year. Should revenues fall short of the revised estimates of $2.1 million in FY 22/23 , the unassigned fund balance is available to serve as a revenue stabilizer and absorb the impact.
Table 6 summarizes the approved Cannabis Business License Operators as of the date this report was prepared and the pending applicants in process.
Table 6 – Cannabis Business License Application Summary
# Status Business Application Name Location Primary License Type Notes 1 Approved CalGreen
(Legal Non-Conforming)
164 Aero Camino Storefront Retail
2 Approved Santa Barbara Care Center
(Legal Non-Conforming)
5814 Gaviota Street Microbusiness Storefront Retail
Cultivation
Distribution
3 Approved Organic Greens Collective
(Legal Non-Conforming)
5902 Daley Street Storefront Retail
4 Approved Green Rush Alliances LLC 6332 Lindmar Ave Manufacturing Distribution 5 Approved Greenbridge Patient Collective 5940 Matthews St Microbusiness Distribution Manufacturing
Non-Storefront Retail
(Delivery)
6 Approved Sublime Processing 123 Aero Camino Unit A Microbusiness Manufactuer Distribution
Non-Storefront Retail
(Delivery)
7 Approved HERBL 759 Ward Drive Distribution
9 Approved HERBL 839 Ward Drive Distribution
10 Approved HERBL 749 Ward Drive Distribution
11 Approved Thornwood Distribution LLC 5756 Thornwood Drive Cultivation (Processor) Nursery 12 Approved One Plant 290 Storke Road Storefront Retail 13 Approved Ocean Grown Farms 176 Aero Camino Microbusiness Distribution Manufacuring
Non-Storefront Retail
(Delivery)
14 Approved Firefly Delivery, LLC 5775 Dawson Ave Non-Store Front Retail (Delivery)
Delivery only
15 Pending AGQ Green Nature 859 Ward Drive. Suite 103 Testing Preliminary approved with City, waiting on State license
16 Pending Hollister Distribution, Inc. 5631 Calle Real Storefront Retail Application review in process 8 Meeting Date: September 20, 2022
Other potential applicants not shown on this list include one other storefront retail location that have yet to submit a Cannabis Business License Application to Finance and an outside city limits delivery operator. The potential storefront retail location is 5999 Hollister. Finance staff anticipates the 5999 Hollister location to submit an application once zoning is confirmed and approved.
In March 2022, staff completed work with its cannabis consultants, HDL, and performed an analysis on the current tax rates and types of businesses. A report was prepared with recommendations and was discussed with the Finance Committee in October 2021 and at a City Council workshop in March 2022. City Council provided direction to staff in support of adjusting the medicinal retail tax to be set at the retail rate of 5% and was also supportive of updating the cannabis ordinance extending the allowable hours of operation for cannabis retailers to 10:00 p.m., rather than the current 8:00 p.m. Extending these hours could allow the City’s retailers to recapture sales (and related sales tax revenue) that are likely being lost to retailers in nearby jurisdiction du ring these hours. These changes will require a resolution and ordinance update that is planned to be brough t back in October, pending staff workload.
Franchise Fees
The City collects franchise fees from four main service provider sources (Cable, Electric, Gas, Solid Waste). Each provider of these services has a different payment schedule .
Electric and Gas providers make annual payments in April. The Cable provider is on a quarterly payment plan, whi le Solid Waste fees are collected monthly, with a one -time annual base fee of $100,000 paid at the beginning of the fiscal year. Total franchise fees collected by year-end totaled $1.5 million , which exceeded budget estimates by approximately $22,330 or 1.5%. In comparison to prior year, franchise fees increased by $102,493 or 7.3%.
Licenses and Service Charges
This revenue category reflects the user fees and charges as they relate to business license processing, planning and building permit fees, staff time charges related to development activity, and library management service charges. The revenue amounts received depend upon the activity being charged and will fluctuate. Table 7 summarizes the primary revenue accounts within the Licenses and Service Charges category.
9 Meeting Date: September 20, 2022
Table 7 – Licenses and Service Charges Summary
Actual year -end activity resulted in revenues of $1.87 million or 103.1% of budget. In comparison to prior year, overall revenues increased by $283,371 or 17.2%. This increase was largely due to business license processing activity and development related activity.
Fines and Penalties
The City collects various fines and penalties related to traffic, parking, towing, and lost item fees related to the library. In addition, late fees for tax payments and any administrative citations are also accounted for in this category. Overall receipts of $167,745 were at 119.4% of budget. In comparison to prior year, overall revenues increased by $48,873 or
41.1%. Increases were experienced in all line items except library, as they only reflect lost items. Pre-pandemic this category averaged closer to $200,000.
Interest and Rent Income
Interest and rent income accounts for rental income from property owned by the City as well as i nvestment earnings generated from the City’s investment program. Through the end of the quarter, interest and rent income of $324,195 was at 91.2% of the total budget.
In comparison to prior year, revenues were up by $48,873 or 41.1%, led by increases with investment earnings.
Reimbursements
This revenue category primarily accounts for all staff time reimbursements (cost recovery) related to the CIP and Redevelopment Successor Agency administrative and direct costs.
Additionally, it includes claim reimbur sements or other one -time miscellaneous reimbursements. Staff that work directly on projects or programs supported by special revenue funds can charge staff time against the CIP project budgets supported by special revenue funds (if eligible) and reimburse the General Fund. The overall amounts vary year to year, depending on the use of contract engineering services. Contract engineering services are paid directly from the CIP project budgets supported by the special revenue funds, and therefore do not requi re payments from the General Fund. The revenues FY 2018/19 FY 2019/20 FY 2020/21 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
Legal Deposits Earned 1,502 1,750 398 1,000 15,982 1598.2% 3912.9% Planning Fees 143,074 98,430 110,688 117,000 134,161 114.7% 21.2% Planning Deposits Earned 174,002 254,711 282,665 200,000 255,513 127.8% -9.6% Building Permits 414,345 627,244 416,490 500,000 422,776 84.6% 1.5% Public Works Deposits Earned 42,958 69,413 56,564 28,000 44,588 159.2% -21.2% PW/Engineering Fees 53,108 63,314 89,753 116,300 134,593 115.7% 50.0% Solid Waste Roll Off Fees 31,291 32,942 28,041 35,000 29,120 83.2% 3.8% Business License 345,158 340,718 374,896 475,900 515,712 108.4% 37.6% Plan Check Fees 238,613 259,137 210,843 285,000 290,934 102.1% 38.0% Other Licenses & Charges 22,426 75,422 75,461 112,100 85,791 76.5% 13.7% TOTAL 1,466,477$ 1,823,082$ 1,645,798$ 1,870,300$ 1,929,169$ 103.1% 17.2% Licenses and Service Charges
FY 2021/22
10 Meeting Date: September 20, 2022
received through the end of the quarter totaled $ 247,041 and were at 75.8% of the total budgeted amount of $ 326,000. In comparison to prior year, revenues decreased by $112,313 or -31.3%. Staff is further reviewing and will have an adjusting entry to reflect the reimbursement associated with the administration and direct costs with the Redevelopment Successor Agency of approximately $100,000.
Other Revenues
This category accounts for all other remaining General Fund revenue amounts such as Motor Vehicle License Late Fees (MVLF), Friends of the Library donations, one -time donations, and miscellaneous revenues . Revenues were at $ 334,891 by the end of the quarter or approximately 103.0% of the budgeted amount of $ 326,000. Revenues in this category were primarily driven by the one-time payment in lieu of TOT received from UCSB in the amount of $287,509. In comparison to prior year, revenues decreased by $9.8 million or -96.7%. This decrease in revenue activity is primarily due to one -time revenue reimbursement of $10 million related to the IBank financing for the City Hall purchase.
Other Sources
This category accounts for other financing sources such as funds transferred in from other funds or other fund resources received from transactions such as sale of securities or cash received from loans or when bonds are issued. City staff primarily utilizes this category to account for funds transferred in for staff time spent in administering the Co mmunity Development Block Grants (CDBG) program. Total other sources received through the end of the quarter were at 56.4% or $24,704 of the total budget amount of $43,800, due to less than anticipated staff time charge activity.
General Fund Expenditure Analysis:
The overall General Fund preliminary actual expenditures at year -end were $30.9 million or 72.0% of budget. Staff is still finalizing carryovers, though based on preliminary numbers approximately $ 6.4 million of these expenditure savings will be carried forward into FY 22/23. When factoring the estimated carryovers, this adjusts expenditure savings at approximately $5.6 million. Carryovers are the result of encumbered funds not paid until after the end of the fiscal year and required to be reported in the new fiscal year and one - time programmed budget for active and ongoing CIP projects and special departmental projects that were not completed in previous year . Final carryovers and details will be reported back in the FY 22/23 Q1 Financial Review.
Table 8 summarizes the General Fund expenditure budget activity by department, which is followed by a brief discussion of the key expenditure variances and recommended adjustments.
11 Meeting Date: September 20, 2022
Table 8 – General Fund FY 2021/22 Expenditures through Q4 (June 30)
All departments were within range of their overall allocated budgets as of June 30, 2022.
When comparing total expenditures to prior fiscal year, the City spent approximately $5.4 million or 21.2% more than FY 20/21. This is primarily due to pavement maintenance program expenditures in FY 21/22 that was deferred during the pandemic and the increased costs associated with police services contract with the County of Santa Barbara’s Sheriff’s Office. Provided in Attachment 2 of this report is a “Budget to Actuals” comparison of the Department’s divisions and programs. Some of the significant vari ances for the department’s programs are noted below.
General Government
General Government is comprised of City Council, City Manager, City Clerk, City Attorney, Community Relations and Support Services (now HR and Risk Management). Expenditure savings were experienced across all divisions/programs for a total of $623,327. Significant savings were experienced with services and supplies across all departments.
General Services
General Services is the newly created department that has been in process of taking on oversight of facilities management, fleet management, purchasing, information and communications technology as the department is further developed . At this time, staff is recommending various budget transfers totaling $26,705 from Support Services (HR and Risk Management) and Public Works. This includes the $5,006 from Support Services and $21,699 from Public Works – Facilities Maintenance program that previously existed. The budget transfer is needed to cover facility maintenance and utility costs that are now under General Services - Facilities. This adjustment does not increase the budget and adjusts at the Department level which requires Council authority. Overall expenditure activity was at
51.3% of budget with estimated savings of $429,011.
FY 2018/19 FY 2019/20 FY 2020/21 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
General Government 5,718,918 5,150,183 5,195,252 7,018,689 6,395,362 91.1% 23.1% General Services 0 0 0 881,681 452,670 51.3% -
Library 378,791 352,834 320,760 365,877 251,077 68.6% -21.7% Finance 803,863 978,992 955,919 1,334,150 1,193,925 89.5% 24.9% Planning & Env. Review 3,234,159 3,635,871 3,174,574 4,967,521 3,382,657 68.1% 6.6% Public Works 4,102,933 4,427,725 4,435,670 11,996,117 7,285,068 60.7% 64.2% Neighborhood Services 1,356,625 1,975,908 2,347,229 2,833,760 1,761,892 62.2% -24.9% Public Safety 7,676,138 7,452,279 6,959,079 8,639,819 8,475,352 98.1% 21.8% Non-Departmental 1,332,349 845,484 837,282 1,489,800 1,452,398 97.5% 73.5% Capital Improvement Projects 830,931 10,681,884 1,266,975 3,417,402 251,642 7.4% -80.1% Total Expenditures 25,434,707$ 35,501,161$ 25,492,739$ 42,944,816$ 30,902,042$ 72.0% 21.2% Expenditures
FY 2021/22
12 Meeting Date: September 20, 2022
Library
The General Fund portion of the library budget experienced savings of approximately $114,800 and was at 68.6% of total General Fund budget of $365,877 and related to various services and supplies accounts.
Finance
Finance was 89.5% of total budget and experienced savings of approximately $140,225 due to staff vacancies throughout the first half of FY 21/22 and on-call consultant costs.
Planning and Environment Review (PER)
PER was at 68.1% of total budget and experienced savings of approximately $1.6 million.
Of this amount, $371,530 were due to staff vacancies and $1.2 million for various services and supplies accounts across all divisions and programs. It should be noted that $309,700 that was appropriated for the promissory note (loan) for the City Hall Solar PV Project i s part of this overall savings. Due to the type of transaction Finance staff has reclassed this amount as a long-term asset and liability, as principal and interest payments will be made back t o the City on a quarterly basis over the next 20 years. The loan was recently transacted on 9/1/2022 and first payment is due on December 30th.
Public Works
Public Works was at 60.7% of total budget and experienced savings of approximately $4.7 million. Of this amount $776,695 was related to staff vacancies and $3.9 million for various services and supplies accounts across all divisions and programs. Is it estimated that approximately $2.0 million will be carried over for the pavement rehabilitation project ($1.9 million) and concrete project ($192,000).
Neighborhood Services
Neighborhood Services was at 62.2% of total budget and experienced savings of $1.07 million. Of this amount, $114,373.40 was due to staff vacancies and $957,494 for various supplies and services across programs and other charges related to support to other agencies for economic development and homelessness service activities.
Public Safety
The P ublic Safety budget was at 98.1% of total budget and experienced savings of approximately $164,466. This is primarily due to the Citizens’ Option for Public Safety (COPS) program funds of $161,285 received from the State that go towards the Sheriff Contract costs of $8.6 million in FY 21/22 and reduces the General Fund.
Capital Improvement Program– General Fund
Total savings in the CIP supported by the General Fund are the result of active projects budgeted but not yet comp leted. Total CIP project budget balance of approximately $ 3.2 million will be carried over into FY 22/23.
13 Meeting Date: September 20, 2022
General Fund – Fund Balance and Reserves:
Table 9 shows a recap of Fund Balance as of June 30, 2021 and revised for June 30, 2022.
The revised ending fund balance reflects actual revenues and expenditures, and factors in estimated carryover amounts related to FY 21/22 and includes adjusting certain reserve categories at policy level, such as compensated leave balances to be reset at 50% of the value on June 30th and capital equipment at replacement at accumulated depreciation. The amounts are subject to change after the audit is complete and final numbers will be reported in the First Quarter Financial Review for FY 22/23.
Table 9 – Estimated Fund Balance and Reserves
As shown above, the revised estimated FY 21/22 total ending fund balance is projected at $39.7 million as of June 30, 202 2. After factoring in additional revenues, expenditure savings, and adjusting for estimated carryovers and reserves, the unassigned fund balance is projected at $20.5 million, which is $2.7 million higher than prior year fund balance. This amount is a snapshot in time as of June 30, 2022. Unassigned fund balance are funds that are not committed for any specific purpose and is used for economic stability should revenues fall short, liquidity/cash flow needs, and for various one-time costs. During the FY 22/23 Mid-Cycle Budget update and adopt ion, the City Council authorized $2.2 million of the unassigned fund balance to be set aside for the pavement progra m, $7.3 million towards underfunded priority CIP projects and $2.8 million for other one -time special projects and c apital asset purchases. When factoring in those FY 22/23 budgetary one- time amounts the adjusted unassigned fund balance for FY 22/23 is projected to be approximately $8.2 million. Updated fund balance information will be provided in the Q1 Financial Review and will be adjusted as the City’s closes their books and completes their audit.
Revenue Neutrality Agreement (RNA):
The receipts and payments as a result of the RNA are not included in the budget. Under the RNA Agreement, the County is allocated 30% of the 1% Sales Tax revenues generated Classification
FY 20/21
Ending Fund Balance Increase Decrease
FY 21/22
Est. Ending Fund
Balance
Reserve
Adjustments
FY 21/22 Revised
Est. Ending Fund
Balance
Prepaids and Deposit 25,674 25,674 502 26,176 City Hall Solar Removal 94,500 94,500 94,500 Public Facilities 830,108 830,108 830,108 Capital Equipment 658,579 658,579 133,074 791,653 Compensated Leave 404,111 404,111 3,495 407,606 Building Maintenance - - - Risk Management 200,000 200,000 200,000 Litigation Defense Fund 300,000 300,000 300,000 Contingency 10,129,713 - 10,129,713 - 10,129,713 Street Maintenance - - - Sustainability - - - OPEB UAL 333,500 333,500 (333,500) - CalPERS Pension UAL 170,000 170,000 (170,000) - CIP Project - GCC FEMA Match - 1,296,312 (1,296,312) - - - CIP Project Funding 757,489 (757,489) - 3,165,761 3,165,761 Encumbrances 1,049,208 (1,049,208) - 3,213,730 3,213,730 FMV Adjustment 78,720 78,720 78,720 Unassigned Fund Balance 17,761,056 8,754,121 26,515,177 (6,013,061) 20,502,116 Total 32,792,658 1,296,312$ 5,651,112$ 39,740,082$ -$ 39,740,082$ 14 Meeting Date: September 20, 2022
within the City of Goleta and shares equally in the Property Tax revenues of the Ci ty. The updated estimated cost for FY 2021/22 of the total RNA payments is $ 7.3 million. The estimated total contribution since City incorporation in 2002 is approximately $136.6 million through the end of FY 2021/22.
Capital Improvement Program and Other Funds:
Staff has provided Attachment 3 to summarize all other Special Revenue Fund revenues and expenditures with budget-to-actual comparison. On a budget basis, the various grant- type funds are balanced with revenues matching expenditures. However, on a n actual basis, funds are reimbursed after they are expended. The reimbursement requests for grant expenditures are submitted either on a monthly or quarterly basis by the department staff responsible for the project reimbursements. Any negative balances are due to the timing of revenues being received by the City. When there is a negative balance the General Fund’s unassigned fund balance temporarily supports the fund until revenues are received.
Revenue projections are reviewed on a quarterly basis and recommended adjustments are made when necessary. The Other Funds section below briefly describes the financial activity through the quarter for other major operating funds of the City . Attachment 4 provides a CIP Expenditure Summary on a budget to actual ba sis to ensure that projects do not exceed the appropriations allocated to the project . Any active CIP project budget balances will be carried over into FY 22/23.
Other Funds:
Gas Tax Fund (Fund 201)
The state imposes sales taxes and per-gallon excise taxes on gasoline and diesel fuel. The local portion of these allocation flows through the Highway Users Tax Account (HUTA).
State law requires that these funds be used exclusively for maintenance of the street and highway system. Gas tax revenues through the end of the quarter are at $765,672 or 91.2% of the $839,100 revenue budget amount. Budgeted expenditures are programmed at $2.97 million for the fiscal year and includes carryover budget of approximately $ 2.2 million.
Through the end of the quarter $1.15 million or 38.7% of budget have been expended. The large variance is the result of the pavement rehabilitation project expenditure activity, and budget will be carried out for that purpose.
SB1 Road Maintenance & Repair Act (RMRA) (Fund 203)
Senate Bill 1 (SB 1) – Road Repair and Accountability Act of 2017 has been in effect since November 1, 2017. Revenues are generated from fuel and vehicle registration taxes. State law requires these funds be used exclusively for the transportation system. SB 1 revenues through the end of the quarter are at $ 607,833 or 90.2% of the $673,800 revenue budget amount. Budgeted expenditures are programmed at $ 1.7 million and include carryover budget of approximately $1.1 million. Through the end of the quarter $852,012 have been expended. All budget is programmed towards the City’s pavement rehabilitation program and budget balances will continue to carry over for that purpose.
15 Meeting Date: September 20, 2022
Measure A Fund (Fund 205)
The Santa Barbara County Association of Governments (SBCAG) rece ives a half -cent sales tax (transaction and use tax) for transportation improvements in Santa Barbara County. The City of Goleta receives a portion of those funds to use exclusively for transportation related purposes. Measure A revenues through the end of the quarter are at $2.1 million or 105.7% of the $2.06 million revenue budget amount. Budgeted expenditures are programmed at $ 4.7 million and include a carryover budget of approximately $2.4 million. Through the end of the quarter $ 748,175 or 16.1% have been expended . The variance in expenditures were a result of projects that were not completed or started and budget balances will be carried over into FY 22/23.
Recommended Budget Amendments – Special Revenue Funds:
Staff is recommending revenue and expenditure budget adjustments f or other various Special Revenue Funds. Table 10 summarizes the recommended adjustment by fund and program and includes a brief description . Additional details and corresponding revenue adjustment (if applicable) is described below and found in Attachment 5 – Exhibit A
Table 10 – Summary of Recommended Budget Adjustments
Other special fund adjustments include a revenue increase of $2,000 for Miscellaneous Grants Library – Fund 206 and a cleanup revenue adjustment of $2.7 million related Fire Facilities DIF – Fund 229 to match expenditures. Additional details of the special revenue budget adjustments can be seen in further detail in Attachment 5-Exhibit A.
Other Information:
Recap on American Rescue Plan Act of 2021 (ARPA) – State and Local Fiscal Recovery Funds (SLFRF)
On January 5, 2022 the City held its ARPA Spending Plan workshop. At the workshop the City Council received an update on ARPA funds and approved accepting the entirety of the American Rescue Plan Act dollars as lost revenue replacement and gave staff direction to allocate the funding of $5.9 million into three primary categories outlined in Table 11.
Fund Program/Project Name
Apopropriation
Requests Description/Notes (Department Comments)
222 Public Facilities DIF 9096 Orange Avenue Parking
Lot
(11,072)$ Transfer unused Public Admin DIF budget previously used for land acquisition to Train Depot project to
cover SBCAG underestimated staff time of
$14,908.09
222 Public Facilities DIF 9079 Amtrak Depot 11,072$ Transfer unused Public Admin DIF budget previously used for land acquisition to Train Depot project to
cover SBCAG underestimated staff time of
$14,908.09
236 Misc. Grants Library 2100 Goleta Library 2,000$ To purchase books via Amazon for the Zip Books Grant 2021/22 program at GVL
16 Meeting Date: September 20, 2022
Table 11 – Summary of ARPA Spending Plan and Budget Appropriation Dates
It should be noted that the full ARPA allocation, the first and second tranche for a total of $5.9 million has been fully received as of late July 2022. The ARPA funds are accounted for in a separate special revenue fund for transparency and tracking purposes in Fund 423 – Coronavirus State & Local Fiscal Recovery Funds.
Priority Capital Improvement Projects
The $4.9 million allocated to priority capital improvement projects was adopted to be programmed in its entirety towards the Cathedral Oaks Crib Wall Interim Repair Project (Project 9053) and help offset the unfunded amount of $7.15 million. The balance of the unfunded was then approved to be supplemented by the General Fund’s unassigned fund balance of $2.2 million.
Other Organization/Non-Profit Grant Support
The ARPA allocation has been programmed as part of the Goleta City Grant Program Process. Due to timing and publication of the Notice of Funding Availability, the first $150,000 will be a part of FY 22/23 and the other $150,000 will be programmed in FY 23/24.
Support to Other Government Agencies for Regional Projects
On January 5, 2022, City Council directed staff to set aside $600,000 for support to the Housing Authority of the County of Santa Barbara’s application for the State of California’s Homekey 2.0 Program and is appropriated in the FY 22/23 budget. On February 15, 2022, the City Council authorized the County’s one -time request of $75,000 for the Emergency Housing Voucher Program and is programmed in the FY 22/23 budget. This ARPA allocation category currently has a $25,000 balance and i s currently left as a placeholder in the Homelessness Program for FY 22/23
FINANCE COMMITTEE REVIEW:
The Finance Committee met to review the Fiscal Year 2021/22 Fourth Quarter Financial Review Report on September 12, 2022.
ARPA Category FY 21/22 FY 22/23 FY 23/24 Total
Revenue Loss $ 5,933,990 $ 5,933,990
Priority Capital Improvement Projects $ 4,933,990 $ 4,933,990 Other Organization/Non-Profit Grant Support $ 150,000 $ 150,000 $ 300,000 Support to Other Government Agencies for Regional
Projects $ 700,000 $ 700,000
Total $ 5,783,990 $ 150,000 $ 5,933,990
ARPA Funding Summary and Spending Plan
Recommended Uses after Revenue Loss Claim
17 Meeting Date: September 20, 2022
FISCAL IMPACTS:
General Fund
Total General Fund revenues are estimated at $ 37.8 million, which was $ 6.8 million or
22.1% more than prior year of $ 31.0 million (does not include the $10 million reimbursement). On a budgetary basis, revenues exceeded revised projections by $2.0 million or 5.6%. Total General Fund expenditures are estimated at $30.9 million, which was approximately $ 5.4 million or 21.2% more than prior year. On a budgetary basis, expenditures were less than projected by $ 12.04 million or 28.0%. Based on t he preliminary year-end numbers, the overall General Fund experienced a net increase to fund balance of approximately $6.9 million. Staff is still finalizing budget carryovers and finalized numbers and details will be reported in the First Quarter Financial Review for FY 22/23.
In addition, after closing out year -end and completing the audit and receiving its updated OPEB (retiree health) actuarial report, staff plans on further analyzing the one -time salary and benefit savings experienced and will be recommending allocating that amount towards the Section 115 Trust for Pensions and OPEB. A separate report will be brought back first to the Finance Committe e and then the City Council for authorization. Preliminary projections have total salary and benefit savings of $1.5 million.
Other Funds
Recommended amendments to Other Special Revenue Funds that were described above can be found in detail in Attachmen t 5 - Exhibit A. The additional appropriations can be supported by the fund balances of the Special Revenue Funds, as shown in Attachment 3.
Council is asked to adopt the attached resolution (Attachment 5) approving the recommended budget adjustments.
City’s Cash Flow and Position:
The City’s Finance Department monitors its cash flow and liquidity position daily. The cash funds are pooled and are considered very liquid, as most of its funds are invested in overnight pooled investment accounts such as LA IF or its money market account. The City’s special revenue accounts have committed fund balance that is pooled all together with the General Fund. When pooled all together, the City’s cash position on June 30th was approximately $80 million.
ALTERNATIVES:
Council may elect not to adopt the attached resolution, thereby leaving the budget as previously approved; however, certain budget recommendations are necessary to meet obligations and financial reporting requirements.
Reviewed By: Approved By:
___________________ _________________
Kristine Schmidt Robert Nisbet
Assistant City Manager City Manager
18 Meeting Date: September 20, 2022
ATTACHMENTS:
1. General Fund Statement of Revenues & Expenditures
2. General Fund Interim Statements by Department
3. Interim Revenue and Expenditure Summary by Fund
4. CIP Expenditure Summary by Project
5. Resolution No. 22 -__ entitled, “A Resolution of the City Council of the City of Goleta, California, Amending the City of Goleta ’s Operating and CIP Budget for Fiscal Year 2021/22
6. Fiscal Year 2021/22 Fourth Quarter Financial Review Presentation
19 ATTACHMENT 1:
General Fund Statement of Revenue and Expenditures
Budget to Actual Comparison
20 Attachment 1
Property Taxes 7,989,300 204,700 8,194,000 8,655,521 106% - 8,194,000 Sales Taxes 7,335,300 764,700 8,100,000 8,572,807 106% - 8,100,000 Transient Occupancy Tax 10,000,000 3,000,000 13,000,000 14,341,129 110% - 13,000,000 Cannabis Tax 2,600,000 (600,000) 2,000,000 1,738,534 87% - 2,000,000 Franchise Fee Tax 1,333,400 158,000 1,491,400 1,513,730 101% - 1,491,400 License & Service Charges 1,587,300 283,000 1,870,300 1,929,169 103% - 1,870,300 Fines & Penalties 140,500 - 140,500 167,745 119% - 140,500 Interest & Rent Income 147,500 208,000 355,500 324,195 91% - 355,500 Reimbursements 306,000 20,000 326,000 247,041 76% - 326,000 Other Revenues 67,000 258,000 325,000 334,891 103% - 325,000 Other Sources 43,800 - 43,800 24,704 56% - 43,800
Total Revenues 31,550,100 4,296,400 35,846,500 37,849,466 106% - 35,846,500 General Government 6,621,700 396,989 7,018,689 6,395,362 91% (5,006) 7,013,683 General Services 0 881,681 881,681 452,670 51% 26,705 908,386 Library 347,900 17,977 365,877 251,077 69% - 365,877
Finance 1,229,000
105,150 1,334,150 1,193,925 89% - 1,334,150 Planning & Env. Review 3,718,000 1,249,521 4,967,521 3,382,657 68% - 4,967,521 Public Works 7,619,600 4,376,517 11,996,117 7,285,068 61% (21,699) 11,974,418 Neighborhood Services 2,533,300 300,460 2,833,760 1,761,892 62% - 2,833,760 Public Safety 8,626,600 13,219 8,639,819 8,475,352 98% - 8,639,819 Non-Departmental 986,300 503,500 1,489,800 1,452,398 97% - 1,489,800 Capital Improvement Projects 500,000 2,917,402 3,417,402 251,642 7% - 3,417,402 Total Expenditures 32,182,400 10,762,416 42,944,816 30,902,042 72% - 42,944,816 Net Change in Fund Balance (632,300) (6,466,016) (7,098,316.2) 6,947,424 - (7,098,316) Beginning Fund Balance 32,792,658 32,792,658 32,792,658 32,792,658 Ending Fund Balance 32,160,358 25,694,342 39,740,082 25,694,342 General Fund Statement of Revenue and Expenditures
City of Goleta
Amended BudgetRecommended
RevisionsOriginal Budget Prior Revisions Current Budget 6/30/2022 Actuals % of Budget
For the Quarter Ended June 30, 2022
Budget to Actual Comparison
Revenues
Original Budget Prior Revisions Current Budget 6/30/2022 Actuals % of Budget Recommended
Revisions Amended BudgetExpenditures
21 ATTACHMENT 2:
General Fund Interim Statements by Department
22 City of Goleta
General Fund
Interim Statement of Revenues and Expenditures
For the Quarter Ended June 30, 2022
Attachment 2
Annual
"Current" Budget
QTR YTD
Actuals
Remaining
Balance
Percent
Received
Prior Year
QTR YTD Actuals
Taxes
Property Taxes 8,194,000 8,655,521 (461,521) 105.6% 8,237,033 Sales Taxes 8,100,000 8,572,807 (472,807) 105.8% 7,585,649 Transient Occupancy Tax 13,000,000 14,341,129 (1,341,129) 110.3% 9,239,079 Cannabis Tax 2,000,000 1,738,534 261,466 86.9% 2,083,171 Franchise Fee Tax 1,491,400 1,513,730 (22,330) 101.5% 1,410,787 Total 32,785,400 34,821,719 (2,036,319) 106.2% 28,555,719 Licenses & Service Charges
Legal Deposits Earned 1,000 15,982 (14,982) 1598.2% 398 Planning Fees 117,000 134,161 (17,161) 114.7% 110,688 Planning Deposits Earned 200,000 255,513 (55,513) 127.8% 282,665 Building Permits 500,000 422,776 77,224 84.6% 416,490 Public Works Deposits Earned 28,000 44,588 (16,588) 159.2% 56,564 PW/Engineering Fees 116,300 134,593 (18,293) 115.7% 89,753 Solid Waste Roll Off Fees 35,000 29,120 5,880 83.2% 28,041 Business License 475,900 515,712 (39,812) 108.4% 374,896 Plan Check Fees 285,000 290,934 (5,934) 102.1% 210,843 Other Licenses & Charges 112,100 85,791 26,309 76.5% 75,461 Total 1,870,300 1,929,169 (58,869) 103.1% 1,645,798 Fines and Forfeitures
Fines & Penalties 140,500 167,745 (27,245) 119.4% 118,873 Total 140,500 167,745 (27,245) 119.4% 118,873 Investment Income
Interest & Rent Income 355,500 324,195 31,305 91.2% 209,018 Total 355,500 324,195 31,305 91.2% 209,018 Reimbursements
Reimbursements 326,000 247,041 78,959 75.8% 359,354 Total 326,000 247,041 78,959 75.8% 359,354 Other Revenues
Other Revenues 325,000 334,891 (9,891) 103.0% 10,085,368 Total 325,000 334,891 (9,891) 103.0% 10,085,368 Other Financing Sources
Transfers In 43,800 24,704 19,096 56.4% 33,316 Total 43,800 24,704 19,096 56.4% 33,316 TOTAL REVENUES 35,846,500 37,849,466 (2,002,966) 105.6% 41,007,446
23 City of Goleta
General Fund
Interim Statement of Revenues and Expenditures
For the Quarter Ended June 30, 2022
Attachment 2
Annual
"Current"
Budget
QTR YTD
Actuals Encumbrances Totals
Remaining
Balance
%YTD Expended
w/ Encumbr
General Government
City Council 452,200 429,071 - 429,071 23,129 94.9% City Manager 2,215,290 1,927,725 - 1,927,725 287,565 87.0% City Clerk 624,550 592,745 - 592,745 31,805 94.9% City Attorney 986,800 968,462 - 968,462 18,339 98.1% Community Relations 350,445 347,577 - 347,577 2,868 99.2% Support Services 2,389,404 2,129,783 - 2,129,783 259,621 89.1% Total 7,018,689 6,395,362 - 6,395,362 623,327 91.1% General Services
General Services 129,100 104,983 - 104,983 24,117 81.3% Facilities 341,481 290,605 - 290,605 50,876 85.1% Information Technology 138,100 55,396 - 55,396 82,704 40.1% Fleet Management 273,000 1,686 - 1,686 271,314 0.6% Total 881,681 452,670 - 452,670 429,011 51.3% Library
Library Services 365,877 251,077 - 251,077 114,801 68.6% Total 365,877 251,077 - 251,077 114,801 68.6% Finance
Administration 1,334,150 1,193,925 - 1,193,925 140,225 89.5% Total 1,334,150 1,193,925 - 1,193,925 140,225 89.5% Planning & Environmental Review
Administration 400,100 385,464 - 385,464 14,636 96.3% Current Planning 1,772,599 1,380,918 - 1,380,918 391,681 77.9% Building & Safety 620,600 529,794 - 529,794 90,806 85.4% Advanced Planning 1,226,471 683,488 - 683,488 542,983 55.7% Planning Commission 37,000 17,051 - 17,051 19,949 46.1% Sustainability Program 723,851 277,222 - 277,222 446,629 38.3% Housing Program 186,900 108,719 - 108,719 78,181 58.2% Total 4,967,521 3,382,657 - 3,382,657 1,584,864 68.1% Public Works
Administration 741,146 631,915 - 631,915 109,231 85.3% Engineering Services 1,491,221 818,696 - 818,696 672,524 54.9% Facility Maintenance 339,149 163,028 - 163,028 176,121 48.1% Parks & Open Spaces 1,830,666 1,276,657 - 1,276,657 554,009 69.7% Capital Improvement Program 1,109,290 696,077 - 696,077 413,213 62.7% Street Lighting 32,500 31,441 - 31,441 1,059 96.7% Street Maintenance 6,452,145 3,667,253 - 3,667,253 2,784,892 56.8% Solid Waste and Environmen - - - - - Total 11,996,117 7,285,068 - 7,285,068 4,711,049 60.7% Neighborhood Services
Neighborhood Services 1,661,682 1,125,380 - 1,125,380 536,302 67.7% Economic Development 483,178 106,184 - 106,184 376,993 22.0% Parks & Recreation 588,900 530,219 - 530,219 58,681 90.0% Parks & Recreation 100,000 108 - 108 99,892 0.1% Total 2,833,760 1,761,892 - 1,761,892 1,071,868 62.2% Public Safety
Public Safety 8,639,819 8,475,352 - 8,475,352 164,467 98.1% Total 8,639,819 8,475,352 - 8,475,352 164,467 98.1% Non-Departmental
Debit Service 853,000 843,092 - 843,092 9,908 98.8% Non-Departmental 636,800 609,306 - 609,306 27,494 95.7% Total 1,489,800 1,452,398 - 1,452,398 37,402 97.5% Capital Improvement Projects
Capital Improvement Project 3,417,402 251,642 - 251,642 3,165,761 7.4% Total 3,417,402 251,642 - 251,642 3,165,761 7.4% TOTAL EXPENDITURES 42,944,816 30,902,042 - 30,902,042 12,042,774 72.0%
NET REVENUES OVER
EXPENDITURES (7,098,316) 6,947,424
BEGINNING FUND BALANCE 32,792,658 32,792,658
ENDING FUND BALANCE 25,694,342 39,740,082
24 ATTACHMENT 3:
Interim Revenue and Expenditure Summary By Fund
25 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2022
Attachment 3
Printed Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals Percent of
Current Budget
101 General Fund
Revenue 31,550,100 35,846,500 - 35,846,500 37,849,466 - 37,849,466 105.6% Expenditures 32,182,400 42,944,816 0 42,944,816 30,902,042 - 30,902,042 72.0% Addition to/(use of) reserves (632,300) (7,098,316) (0) (7,098,316) 6,947,424 - 6,947,424 Beginning Fund Balance 32,792,658 32,792,658 32,792,658 32,792,658 Ending Fund Balance 32,160,358 25,694,342 25,694,342 39,740,082 201 Gas Tax
Revenue 772,600 839,100 - 839,100 765,672 - 765,672 91.2% Expenditures 765,600 2,969,227 - 2,969,227 1,148,441 - 1,148,441 38.7% Addition to/(use of) reserves 7,000 (2,130,127) - (2,130,127) (382,769) - (382,769) Beginning Fund Balance 2,273,715 2,273,715 2,273,715 2,273,715 Ending Fund Balance 2,280,715 143,588 143,588 1,890,946 202 Local Transportation
Revenue 28,100 28,100 - 28,100 35,062 - 35,062 124.8% Expenditures 27,135 55,232 - 55,232 - - - 0.0% Addition to/(use of) reserves 965 (27,132) - (27,132) 35,062 - 35,062 Beginning Fund Balance 179,807 179,807 179,807 179,807 Ending Fund Balance 180,772 152,675 152,675 214,868 203 RMRA
Revenue 623,100 673,800 - 673,800 607,833 - 607,833 90.2% Expenditures 619,000 1,717,000 - 1,717,000 852,012 - 852,012 49.6% Addition to/(use of) reserves 4,100 (1,043,200) - (1,043,200) (244,179) - (244,179) Beginning Fund Balance 1,266,631 1,266,631 1,266,631 1,266,631 Ending Fund Balance 1,270,731 223,431 223,431 1,022,452 205 Measure A
Revenue 1,715,200 2,065,200 - 2,065,200 2,183,835 - 2,183,835 105.7% Expenditures 1,778,328 4,657,955 - 4,657,955 748,175 - 748,175 16.1% Addition to/(use of) reserves (63,128) (2,592,755) - (2,592,755) 1,435,659 - 1,435,659 Beginning Fund Balance 3,218,845 3,218,845 3,218,845 3,218,845 Ending Fund Balance 3,155,717 626,089 626,089 4,654,504 206 Measure A-Other
Revenue 870,037 1,827,154 - 1,827,154 - - - 0.0% Expenditures 870,037 1,732,418 - 1,732,418 495,895 - 495,895 28.6% Addition to/(use of) reserves - 94,736 - 94,736 (495,895) - (495,895) Beginning Fund Balance (94,736) (94,736) (94,736) (94,736) Ending Fund Balance (94,736) - - (590,631) 208 County Per Capita - Goleta Library
Revenue 721,080 742,697 - 742,697 745,357 - 745,357 100.4% Expenditures 924,700 1,000,288 - 1,000,288 850,837 - 850,837 85.1% Addition to/(use of) reserves (203,620) (257,591) - (257,591) (105,481) - (105,481) Beginning Fund Balance 271,401 271,401 271,401 271,401 Ending Fund Balance 67,781 13,810 13,810 165,920 209 County Per Capita - Buellton Library
Revenue 151,499 156,044 - 156,044 156,552 - 156,552 100.3% Expenditures 132,600 153,860 - 153,860 96,300 - 96,300 62.6% Addition to/(use of) reserves 18,899 2,184 - 2,184 60,252 - 60,252 Beginning Fund Balance 91,360 91,360 91,360 91,360 Ending Fund Balance 110,259 93,544 93,544 151,611 210 County Per Capita - Solvang Library
Revenue 174,712 179,954 - 179,954 180,383 - 180,383 100.2% Expenditures 157,600 172,842 - 172,842 124,493 - 124,493 72.0% Addition to/(use of) reserves 17,112 7,112 - 7,112 55,890 - 55,890 Beginning Fund Balance 77,499 77,499 77,499 77,499 Ending Fund Balance 94,611 84,611 84,611 133,389 211 Solid Waste
Revenue 1,229,000 1,548,095 - 1,548,095 1,708,025 - 1,708,025 110.3% Expenditures 1,196,200 1,214,454 - 1,214,454 663,948 - 663,948 54.7% Addition to/(use of) reserves 32,800 333,641 - 333,641 1,044,078 - 1,044,078 Beginning Fund Balance 504,669 504,669 504,669 504,669 Ending Fund Balance 537,469 838,310 838,310 1,548,747 212 Public Safety Donations
Revenue - - - - 135 - 135 0.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - 135 - 135 Beginning Fund Balance 29,796 29,796 29,796 29,796 Ending Fund Balance 29,796 29,796 29,796 29,931 Page "1
26 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2022
Attachment 3
Printed Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals Percent of
Current Budget
213 Buellton Library
Revenue 194,479 194,479 - 194,479 196,883 - 196,883 101.2% Expenditures 201,500 218,473 - 218,473 197,329 - 197,329 90.3% Addition to/(use of) reserves (7,021) (23,994) - (23,994) (445) - (445) Beginning Fund Balance 44,002 44,002 44,002 44,002 Ending Fund Balance 36,981 20,008 20,008 43,557 214 Solvang Library
Revenue 205,855 205,855 - 205,855 202,420 - 202,420 98.3% Expenditures 211,500 230,386 - 230,386 216,679 - 216,679 94.1% Addition to/(use of) reserves (5,645) (24,531) - (24,531) (14,259) - (14,259) Beginning Fund Balance 36,394 36,394 36,394 36,394 Ending Fund Balance 30,749 11,863 11,863 22,134 220 GTIP
Revenue 3,075,100 3,075,100 - 3,075,100 1,287,971 - 1,287,971 41.9% Expenditures 2,812,865 16,864,557 - 16,864,557 1,228,908 - 1,228,908 7.3% Addition to/(use of) reserves 262,235 (13,789,457) - (13,789,457) 59,063 - 59,063 B
eginning Fund Balance 14,149,823 14,149,823 14,149,823 14,149,823 Ending Fund Balance 14,412,058 360,366 360,366 14,208,886 221 Parks DIF
Revenue 846,000 846,000 - 846,000 39,857 - 39,857 4.7% Expenditures 455,000 5,508,972 - 5,508,972 619,979 - 619,979 11.3% Addition to/(use of) reserves 391,000 (4,662,972) - (4,662,972) (580,122) - (580,122) Beginning Fund Balance 9,107,024 9,107,024 9,107,024 9,107,024 Ending Fund Balance 9,498,024 4,444,052 4,444,052 8,526,901 222 Public Facilities DIF
Revenue 226,300 226,300 - 226,300 2,439 - 2,439 1.1% Expenditures - 261,146 - 261,146 244,116 - 244,116 93.5% Addition to/(use of) reserves 226,300 (34,846) - (34,846) (241,677) - (241,677) Beginning Fund Balance 255,468 255,468 255,468 255,468 Ending Fund Balance 481,768 220,622 220,622 13,791 223 Library DIF
Revenue 90,200 90,200 - 90,200 16,796 - 16,796 18.6% Expenditures 89,000 89,000 - 89,000 15,851 - 15,851 17.8% Addition to/(use of) reserves 1,200 1,200 - 1,200 945 - 945 Beginning Fund Balance 222,111 222,111 222,111 222,111 Ending Fund Balance 223,311 223,311 223,311 223,056 224 Sheriff Facilities DIF
Revenue 29,100 29,100 - 29,100 31,390 - 31,390 107.9% Expenditures - 70,281 - 70,281 - - - 0.0% Addition to/(use of) reserves 29,100 (41,181) - (41,181) 31,390 - 31,390 Beginning Fund Balance 109,589 109,589 109,589 109,589 Ending Fund Balance 138,689 68,407 68,407 140,979 225 Housing in Lieu
Revenue 6,000 6,000 - 6,000 5,769 - 5,769 96.1% Expenditures 25,000 25,000 - 25,000 25,000 - 25,000 100.0% Addition to/(use of) reserves (19,000) (19,000) - (19,000) (19,231) - (19,231) Beginning Fund Balance 1,282,468 1,282,468 1,282,468 1,282,468 Ending Fund Balance 1,263,468 1,263,468 1,263,468 1,263,236 226 E
nvironmental Programs
Revenue 500 500 - 500 782 - 782 156.5% Expenditures 9,400 9,400 - 9,400 - - - 0.0% Addition to/(use of) reserves (8,900) (8,900) - (8,900) 782 - 782 Beginning Fund Balance 172,232 172,232 172,232 172,232 Ending Fund Balance 163,332 163,332 163,332 173,014 229 Fire DIF
Revenue 240,800 240,800 2,679,894 2,920,694 73,992 - 73,992 30.7% Expenditures 1,532,791 4,856,012 - 4,856,012 13,645 - 13,645 0.3% Addition to/(use of) reserves (1,291,991) (4,615,212) 2,679,894 (1,935,318) 60,347 - 60,347 Beginning Fund Balance 3,363,184 3,363,184 3,363,184 3,363,184 Ending Fund Balance 2,071,193 (1,252,027) 1,427,867 3,423,532 230 Long Range Development Plan (LRDP)
Revenue 1,821,577 3,861,177 - 3,861,177 1,387 - 1,387 0.0% Expenditures 1,821,577 3,350,883 - 3,350,883 32,369 - 32,369 1.0% Addition to/(use of) reserves - 510,294 - 510,294 (30,982) - (30,982) B
eginning Fund Balance 191,178 191,178 191,178 191,178 Ending Fund Balance 191,178 701,472 701,472 160,196 Page "2
27 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2022
Attachment 3
Printed Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals Percent of
Current Budget
231 Developer Agreements
Revenue 1,500 1,500 - 1,500 - - - 0.0% Expenditures - 270,000 - 270,000 - - - 0.0% Addition to/(use of) reserves 1,500 (268,500) - (268,500) - - - Beginning Fund Balance 615,163 615,163 615,163 615,163 Ending Fund Balance 616,663 346,663 346,663 615,163 232 County Fire DIF
Revenue - 931,126 - 931,126 181,611 - 181,611 19.5% Expenditures - 931,126 - 931,126 307,175 - 307,175 33.0% Addition to/(use of) reserves - - - - (125,563) - (125,563) Beginning Fund Balance - - - - Ending Fund Balance - - - (125,563) 233 OBF-SCE
Revenue 285,000 785,000 - 785,000 281,799 - 281,799 185.6% Expenditures 285,000 153,589 - 153,589 285,000 - 285,000 -0.5% Addition to/(use of) reserves - 631,411 - 631,411 (3,201) - (3,201) B
eginning Fund Balance - - - - Ending Fund Balance - 631,411 631,411 (3,201) 234 Storm Drain Facilities
Revenue 345,400 345,400 - 345,400 10,880 - 10,880 3.1% Expenditures 50,000 50,000 - 50,000 - - - 0.0% Addition to/(use of) reserves 295,400 295,400 - 295,400 10,880 - 10,880 Beginning Fund Balance 526,825 526,825 526,825 526,825 Ending Fund Balance 822,225 822,225 822,225 537,705 235 Bicycle & Pedestrian Facilities
Revenue 260,000 260,000 - 260,000 4,171 - 4,171 0.0% Expenditures - 200,000 - 200,000 200,000 - 200,000 1.6% Addition to/(use of) reserves 260,000 60,000 - 60,000 (195,829) - (195,829) Beginning Fund Balance 419,826 419,826 419,826 419,826 Ending Fund Balance 679,826 479,826 479,826 223,997 236 Misc Grants Library
Revenue - 15,000 2,000 17,000 14,950 - 14,950 99.7% Expenditures - 59,706 2,000 61,706 19,354 - 19,354 32.4% Addition to/(use of) reserves - (44,706) - (44,706) (4,404) - (4,404) Beginning Fund Balance 45,256 45,256 45,256 45,256 Ending Fund Balance 45,256 550 550 40,852 237 Local Grants
Revenue - 61,333 - 61,333 - - - 0.0% Expenditures - 61,333 - 61,333 60,778 - 60,778 99.1% Addition to/(use of) reserves - - - - (60,778) - (60,778) Beginning Fund Balance - - - - Ending Fund Balance - - - (60,778) 302 Public Safety Fund COPS
Revenue 125,000 161,285 - 161,285 161,288 - 161,288 100.0% Expenditures 156,700 161,411 - 161,411 156,700 - 156,700 97.1% Addition to/(use of) reserves (31,700) (126) - (126) 4,588 - 4,588 Beginning Fund Balance 126 126 126 126 Ending Fund Balance (31,574) 0 0 4,714 304 Solid Waste Fund Recycle
R
evenue 8,000 8,000 - 8,000 8,334 - 8,334 104.2% Expenditures 8,200 8,200 - 8,200 - - - 0.0% Addition to/(use of) reserves (200) (200) - (200) 8,334 - 8,334 Beginning Fund Balance 31,000 31,000 31,000 31,000 Ending Fund Balance 30,800 30,800 30,800 39,334 305 RSTP State Grant
Revenue - 565,315 - 565,315 - - - 0.0% Expenditures - 214,988 - 214,988 279,982 - 279,982 130.2% Addition to/(use of) reserves - 350,327 - 350,327 (279,982) - (279,982) Beginning Fund Balance (215,512) (215,512) (215,512) (215,512) Ending Fund Balance (215,512) 134,814 134,814 (495,495) 306 LSTP
Revenue 116,500 483,992 - 483,992 - - - 0.0% Expenditures 249,222 483,992 - 483,992 170,403 - 170,403 35.2% Addition to/(use of) reserves (132,722) - - - (170,403) - (170,403) Beginning Fund Balance 444 444 444 444 Ending Fund Balance (132,278) 444 444 (169,959) Page "3
28 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2022
Attachment 3
Printed Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals Percent of
Current Budget
308 STIP
Revenue - 11,386,694 - 11,386,694 - - - 0.0% Expenditures - 11,372,000 - 11,372,000 - - - 0.0% Addition to/(use of) reserves - 14,694 - 14,694 - - - Beginning Fund Balance (4,309) (4,309) (4,309) (4,309) Ending Fund Balance (4,309) 10,385 10,385 (4,309) 311 Misc. Grants
Revenue - - - - - - - 0.0% Expenditures - 9,839 - 9,839 944 - 944 9.6% Addition to/(use of) reserves - (9,839) - (9,839) (944) - (944) Beginning Fund Balance 10,409 10,409 10,409 10,409 Ending Fund Balance 10,409 570 570 9,465 317 SSARP Grant
Revenue - 53,000 - 53,000 - - - 0.0% Expenditures - 6,277 - 6,277 2,682 - 2,682 42.7% Addition to/(use of) reserves - 46,723 - 46,723 (2,682) - (2,682) Beginning Fund Balance (46,723) (46,723) (46,723) (46,723) Ending Fund Balance (46,723) - - (49,404) 318 Active Transportation Program - State
Revenue - 4,524,379 - 4,524,379 1,815,379 - 1,815,379 40.1% Expenditures - 2,694,245 - 2,694,245 - - - 0.0% Addition to/(use of) reserves - 1,830,134 - 1,830,134 1,815,379 - 1,815,379 Beginning Fund Balance (1,830,134) (1,830,134) (1,830,134) (1,830,134) Ending Fund Balance (1,830,134) - - (14,755) 319 Housing & Community Development State Fund
Revenue - 345,386 - 345,386 92,308 - 92,308 26.7% Expenditures - 343,558 - 343,558 163,236 - 163,236 47.5% Addition to/(use of) reserves - 1,828 - 1,828 (70,929) - (70,929) Beginning Fund Balance (1,828) (1,828) (1,828) (1,828) Ending Fund Balance (1,828) (0) (0) (72,756) 320 Cal OES
Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance 14,231 14,231 14,231 14,231 Ending Fund Balance 14,231 14,231 14,231 14,231 321 TIRCP
Revenue 900,000 1,286,673 - 1,286,673 228,777 - 228,777 Expenditures 900,000 1,286,723 - 1,286,723 474,587 - 474,587 36.9% Addition to/(use of) reserves - (50) - (50) (245,810) - (245,810) 491619.8% Beginning Fund Balance 50 50 50 50 Ending Fund Balance 50 - - (245,760) 322 MBHMP
Revenue - 3,900,000 - 3,900,000 - - - Expenditures - 3,785,350 - 3,785,350 461,226 - 461,226 12.2% Addition to/(use of) reserves - 114,650 - 114,650 (461,226) - (461,226) -402.3% Beginning Fund Balance (114,650) (114,650) (114,650) (114,650) Ending Fund Balance (114,650) (0) (0) (575,876) 323 Cal OES PSPS Grant
Revenue - - - - - - - Expenditures - 93,945 - 93,945 64,175 - 64,175 68.3% Addition to/(use of) reserves - (93,945) - (93,945) (64,175) - (64,175) 68.3% Beginning Fund Balance 93,945 93,945 93,945 93,945 Ending Fund Balance 93,945 - - 29,770 324 California Planning Program Grant
Revenue - 114,881 - 114,881 - - - Expenditures - 42,995 - 42,995 35,904 - 35,904 83.5% Addition to/(use of) reserves - 71,886 - 71,886 (35,904) - (35,904) -49.9% Beginning Fund Balance (71,886) (71,886) (71,886) (71,886) Ending Fund Balance (71,886) - - (107,790) Page "4
29 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2022
Attachment 3
Printed Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals Percent of
Current Budget
325 Isla Vista Library Grant
Revenue - - - - - - - Expenditures - 144,235 - 144,235 92,364 - 92,364 64.0% Addition to/(use of) reserves - (144,235) - (144,235) (92,364) - (92,364) 64.0% Beginning Fund Balance 144,235 144,235 144,235 144,235 Ending Fund Balance 144,235 - - 51,870 401 HBP
Revenue 290,000 14,064,123 - 14,064,123 254,067 - 254,067 1.8% Expenditures 290,000 13,959,503 - 13,959,503 252,860 - 252,860 1.8% Addition to/(use of) reserves - 104,619 - 104,619 1,207 - 1,207 Beginning Fund Balance (104,619) (104,619) (104,619) (104,619) Ending Fund Balance (104,619) 0 0 (103,412) 402 CDBG
Revenue 233,955 701,081 - 701,081 298,779 - 298,779 42.6% Expenditures 233,955 701,081 - 701,081 298,746 - 298,746 42.6% Addition to/(use of) reserves - - - - 33 - 33 Beginning Fund Balance (33) (33) (33) (33) Ending Fund Balance (33) (33) (33) (0) 409 OTS
Revenue - 40,000 - 40,000 36,028 - 36,028 90.1% Expenditures - 35,668 - 35,668 36,233 - 36,233 101.6% Addition to/(use of) reserves - 4,332 - 4,332 (205) - (205) Beginning Fund Balance (4,332) (4,332) (4,332) (4,332) Ending Fund Balance (4,332) - - (4,537) 417 HSIP Hwy Safety Imp.
Revenue 380,600 401,007 - 401,007 14,771 - 14,771 3.7% Expenditures 380,600 380,600 - 380,600 - - - 0.0% Addition to/(use of) reserves - 20,407 - 20,407 14,771 - 14,771 Beginning Fund Balance (9,135) (9,135) (9,135) (9,135) Ending Fund Balance (9,135) 11,272 11,272 5,636 419 TIGER
Revenue - - - - - - - 0.0% Expenditures - (27,645) * - (27,645) (27,645) - (27,645) 100.0% A
ddition to/(use of) reserves - 27,645 - 27,645 27,645 - 27,645 Beginning Fund Balance (27,645) (27,645) (27,645) (27,645) Ending Fund Balance (27,645) - - - 420 FHWA - FEMA Reimb
Revenue - 87,746 - 87,746 - - - 0.0% Expenditures - 87,746 - 87,746 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance 58,107 58,107 58,107 58,107 Ending Fund Balance 58,107 58,107 58,107 58,107 421 Hazard Mitigation Grant Program
Revenue 432,501 3,858,620 - 3,858,620 - - - 0.0% Expenditures 432,501 3,853,060 - 3,853,060 - - - 0.0% Addition to/(use of) reserves - 5,560 - 5,560 - - - Beginning Fund Balance (5,560) (5,560) (5,560) (5,560) Ending Fund Balance (5,560) 0 0 (5,560) 423 Coronavirus State & Local Fiscal Recovery Funds
Revenue - 2,966,995 - 2,966,995 - - - 0.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - 2,966,995 - 2,966,995 - - - Beginning Fund Balance - - - - Ending Fund Balance - 2,966,995 2,966,995 - 501 Library Services
Revenue 542,300 541,600 - 541,600 544,156 - 544,156 100.5% Expenditures 520,900 553,712 - 553,712 467,846 - 467,846 84.5% Addition to/(use of) reserves 21,400 (12,112) - (12,112) 76,310 - 76,310 Beginning Fund Balance 827,764 827,764 827,764 827,764 Ending Fund Balance 849,164 815,652 815,652 904,074 502 Street Lighting
Revenue 307,800 306,000 - 306,000 305,921 - 305,921 100.0% Expenditures 305,500 357,844 - 357,844 239,582 - 239,582 67.0% Addition to/(use of) reserves 2,300 (51,844) - (51,844) 66,338 - 66,338 Beginning Fund Balance 126,450 126,450 126,450 126,450 Ending Fund Balance 128,750 74,606 74,606 192,788 Page "5
30 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2022
Attachment 3
Printed Description Original Budget c Current
Budget d Budget
Requests e Proposed
Budget f YTD
Actual
Encum-
brances Totals Percent of
Current Budget
503 PEG
Revenue 77,000 77,000 - 77,000 65,130 - 65,130 84.6% Expenditures 200,000 215,000 - 215,000 209,655 - 209,655 97.5% Addition to/(use of) reserves (123,000) (138,000) - (138,000) (144,524) - (144,524) Beginning Fund Balance 323,809 323,809 323,809 323,809 Ending Fund Balance 200,809 185,809 185,809 179,285 504 CASp Cert and Training
Revenue 100 100 - 100 131 - 131 130.5% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves 100 100 - 100 131 - 131 Beginning Fund Balance 714 714 714 714 Ending Fund Balance 814 814 814 845 605 RDA Successor-NonHousing
Revenue 1,234,960 1,234,960 - 1,234,960 1,296,750 - 1,296,750 105.0% Expenditures 1,235,269 1,235,269 - 1,235,269 1,100,444 - 1,100,444 89.1% Addition to/(use of) reserves (309) (309) - (309) 196,306 - 196,306 Beginning Fund Balance (8,388,347) (8,388,347) (8,388,347) (8,388,347) Ending Fund Balance (8,388,656) (8,388,656) (8,388,656) (8,192,041) 608 iBank
Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - 701 Comstock Plover Endmnt
Revenue 2,000 2,000 - 2,000 1,913 - 1,913 95.7% Expenditures 2,000 2,000 - 2,000 1,114 - 1,114 55.7% Addition to/(use of) reserves - - - - 799 - 799 Beginning Fund Balance (799) (799) (799) (799) Ending Fund Balance (799) (799) (799) - 702 Section 115 Trust - Pension
Revenue - 170,000 - 170,000 170,000 - 170,000 100.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - 170,000 - 170,000 170,000 - 170,000 Beginning Fund Balance - - - - Ending Fund Balance - 170,000 170,000 170,000 703 Section 115 Trust - OPEB
Revenue - 333,500 - 333,500 333,500 - 333,500 100.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - 333,500 - 333,500 333,500 - 333,500 Beginning Fund Balance - - - - Ending Fund Balance - 333,500 333,500 333,500 801 Developer Deposit
Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - -
TOTAL FOR ALL FUNDS
Revenue 50,113,955 102,695,850 2,681,894 105,377,744 52,212,650 52,212,650 50.8% E
xpenditures 51,062,080 131,829,553 2,000 131,831,553 43,829,364 - 43,829,364 33.2% Addition to/(use of) reserves (948,125) (29,133,703) 2,679,894 (26,453,809) 8,383,286 - 8,383,286 Beginning Fund Balance 61,957,957 61,957,957 61,957,957 61,957,957 Ending Fund Balance 61,009,832 32,824,254 35,504,148 70,341,243 Page "6
31 ATTACHMENT 4:
Capital Improvement Program (CIP) Expenditure Summary
32 City of Goleta
Capital Improvement Program (CIP) Expenditure Summary
For the Quarter Ended June 30, 2022
Attachment 4
Project No. & Description Current Activit y Encumbrances Remainin g 9001 Hollister Avenue Redesign $ 631,090 $ 28,159 $ - $ 602,931 9002 Ekwill Street & Fowler Extension $ 20,661,676 $ 616,331 $ - $ 20,045,344 9006 Capital Improvement Projects - Neighborhood Srvs $ 2,339,211 $ 468,526 $ - $ 1,870,685 9007 San Jose Creek Bike Path - Middle Segment $ 1,295,940 $ 297,302 $ - $ 998,637 9009 San Jose Creek Channel Repair $ 3,011 $ 761 $ - $ 2,250 9024 Ellwood Mesa $ 62,080 $ 60,320 $ - $ 1,760 9025 Fire Station No. 1
0 $ 6,057,137 $ 320,820 $ - $ 5,736,318 9027 101 Overpass $ 1,186,012 $ 3,098 $ - $ 1,182,914 9031 Old Town Sidewalk Improvement $ 585,884 $ 21,523 $ - $ 564,361 9033 Hollister Avenue Bridge Replacement (SJC Phase II) $ 3,311,407 $ 95,680 $ - $ 3,215,727 9042 Storke Road Widening Phelps Road to City Limits $ 383,716 $ - $ - $ 383,716 9044 Hollister Widen Storke to 280 Ft W of S Glen Annie $ 941,122 $ 171 $ - $ 940,951 9045 Los Carneros Rd Interchange SB 101 Onramp $ 8,885 $ - $ - $ 8,885 9053 Cathedral Oaks Cribwall Interim Repair $ 65,526 $ 114 $ - $ 65,412 9056 LED Street Lighting Project $ 492,374 $ 414,215 $ - $ 78,159 9058 Hollister Avenue Crosswalk Enhancement-Chapel Str 98,462$ 5,67 4$ -$ 92,787$ 9062 Storke Road Medians $ 849,424 $ 103,177 $ - $ 746,247 9063 Evergreen Park Restroom $ 258,506 $ - $ - $ 258,506 9065 Reclaimed Water Service to Bella Vista Park $ 204,141 $ - $ - $ 204,141 9066 Miscellaneous Park Improvements $ 344,990 $ 309,259 $ - $ 35,731 9067 Goleta Valley Community Center $ 1,551,006 $ 1,362 $ - $ 1,549,644 9069 Miscellaneous Facilities Improvements $ 10 $ - $ - $ 10 9070 Fairview Ave at Calle Real/101 Sidewalk Infill $ 24,001 $ - $ - $ 24,001 9071 Athletic Field & Parking Lot @ GVCC $ 25,799 $ (5,364) $ - $ 31,163 9072 La Patera Road Overcrossing/Undercrossing $ 218,644 $ - $ - $ 218,644 9073 La Patera Rd Sidewalk Infill & Class II Bike Lanes $ 129,805 $ - $ - $ 129,805 9074 Stow Grove Park Master Plan & Renovation $ 620,000 $ 62,175 $ - $ 557,825 9078 Rancho La Patera Improvements $ 648,304 $ - $ - $ 648,304 9079 Amtrak Depot $ 450,173 $ 444,116 $ - $ 6,057 9080 Electrical Utility Undergrounding $ 9 $ - $ - $ 9 9083 Signal Upgrades $ 95,000 $ - $ - $ 95,000 9084 Community Garden $ 1,321,266 $ 9,160 $ - $ 1,312,105 9086 Vision Zero Plan $ 10,000 $ - $ - $ 10,000 9087 Mid-Block Crossing on Calle Real/Encina (HAWK) $ 314,445 $ 207,890 $ - $ 106,555 9088 RRFB Improvements at School Crosswalks $ 641,187 $ 513,580 $ - $ 127,608 9089 Goleta Traffic Safety Study (GTSS) $ 46,413 $ 114 $ - $ 46,299 9093 San Miguel Park Improvements $ 175,000 $ - $ - $ 175,000 9094 Santa Barbara Shores Park Improvements $ 55,000 $ - $ - $ 55,000 9096 Orange Avenue Parking Lot $ 11,072 $ - $ - $ 11,072 9097 Fairview Corridor Study (Fowler to Calle Real) $ 140,100 $ - $ - $ 140,100 9098 Crosswalk at S. Kellogg Avenue $ 29,983 $ - $ - $ 29,983 9099 Crosswalk at Calle Real @ Fairview $ 428,224 $ 41,313 $ - $ 386,911 9100 Fairview Ave and Hollister Ave Roundabout $ 520,000 $ - $ - $ 520,000 9101 City Hall Purchase & Improvements $ 70,291 $ - $ - $ 70,291 9102 Storke Road Corridor Study $ 138,775 $ - $ - $ 138,775 9103 Citywide School Zone Signage & Striping Evaluation $ 19,950 $ - $ - $ 19,950 9104 Citywide Evaluation of Existing Traffic Signals $ 68,800 $ - $ - $ 68,800 9107 Old Town S Fairview Av High Flow Trash Capture D $ 50,000 $ - $ - $ 50,000 9108 Winchester II Park $ 266,900 $ 227,259 $ - $ 39,641 9110 Hollister Ave Class 1 Bike Path Lighting $ 688,725 $ 29,110 $ - $ 659,615 9111 Jonny D. Wallis Park Phase 2 - Splash Pad $ 1,488,987 $ 17,489 $ - $ 1,471,497 9114 Hollister Ave Old Town Interim Striping Project $ 150,028 $ 71,582 $ - $ 78,446 9115 Public Works Corp Yard Repairs $ 100,000 $ - $ - $ 100,000 9116 Pickleball Courts $ 100,000 $ - $ - $ 100,000 9117 San Jose Creek Channel Fish Passage Modification $ 665,000 $ 50,653 $ - $ 614,347 33 City of Goleta
Capital Improvement Program (CIP) Expenditure Summary
For the Quarter Ended June 30, 2022
Attachment 4
Project No. & Description Current Activit y Encumbrances Remainin g 9807 Goleta Prepare Now Grant $ 9,839 $ 404 $ - $ 9,435 9901 MIS/ERP System Implementation $ 358,602 $ 9,330 $ - $ 349,272 Grand Total $ 51,411,933 $4,425,304 $ - $ 46,986,629 34 ATTACHMENT 5:
Resolution Amending the City's Operating & CIP Budget for Fiscal Year 2021/22
35 Attachment 5
RESOLUTION NO. 22-___
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GOLETA, CALIFORNIA , AMENDING THE CITY’S OPERATING
AND CIP BUDGET FOR FISCAL YEAR 2021/22
WHEREAS, the City Council of the City of Goleta adopted the Operating Budget and Capital Improvement Program for Fiscal Year 2021/22 on June 15, 2021; and
WHEREAS, the City Manager has proposed a budget adjustment as described in the Council report dated September 20, 2022 for Fiscal Year 2021/22 based on the determination by the City Manager that this adjustment is essential to the City’s operations; and
WHEREAS, the City Council has reviewed the proposed b udget adjustments for the Fourth Quarter Ended June 30, 2022 and does hereby find the recommendation to be necessary and in the City’s best interest;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF GOLETA AS FOLLOWS:
SECTION 1.
The City of Goleta Operating and CIP Budget for Fiscal Year 2021/22 is hereby amended as follows as per Exhibit A to this resolution.
SECTION 2.
The City Clerk shall certify to the passage and adoption o f this resolution and enter it into the book of original resolutions.
PASSED, APPROVED, AND ADOPTED this 20th day of September, 2022.
__________________________
PAULA PEROTTE, MAYOR
ATTEST: APPROVED AS TO FORM:
_____________________________ ___________________________ DEBORAH S. LOPEZ MEGAN GARIBALDI
CITY CLERK CITY ATTORNEY
36 Attachment 5
STATE OF CALIFORNIA )
COUNTY OF SANTA BARBARA ) ss.
CITY OF GOLETA )
I, DEBORAH S. LOPEZ, City Clerk of the City of Goleta, California, DO HEREBY CERTIFY that the foregoing Resolution No. 22-___ was duly adopted by the City Council of the City of Goleta at a regular meeting held on the 20th day of September, 2022, by the following vote of the Council:
AYES: COUNCILMEMBERS
NOES: COUNCILMEMBERS
ABSENT: COUNCILMEMBERS
(SEAL)
_________________________
DEBORAH S. LOPEZ
CITY CLERK
37 Schedule of FY 2021/22
4th QTR Adjustments - Revenues
Exhibit A
Program/Project
Name Fund Account Code Requests Account Name
FY 2021/22
Current
Budget
FY 2021/22
Actuals
FY 2021/22
Budget
Balance
Type of
Request
FY 2021/22
Amended Budget
FY 2021/22
Adjusted
Budget
Balance
Non-Departmental 229 229-80-8500-40512 2,679,894.20 DIF - Facilities - Fire 225,800.00 58,620.58 167,179.42 Cleanup 2,905,694.20 2,847,073.62 Goleta Library 236 236-20-2100-44701 2,000.00 Grant Proceeds - Other Agencies 15,000.00 15,500.00 (500.00) New 17,000.00 1,500.00 Total 2,681,894.20$
38 Schedule of FY 2021/22
4th QTR Adjustments - Expenditures
Exhibit A
Program/Project
Name Fund Program Object Department Program Category Subcategory Account Code
Appropriation/
Transfer
Requests
Account Name FY 2021/22
Current Budget
FY 2021/22
Actuals
FY 2021/22
Encumbrance
FY 2021/22
Budget
Balance
Type of
Request
FY 2021/22
Amended
Budget
FY 2021/22
Adjusted Budget
Balance
Frequency
Support Services 101 1600 51050 10 General Government 1600 Support Services 510 Servic e5105 Utilities 101-10-1600-51050 (3,154.90) Utilities - Telephone 45,350.00 42,195.10 - 3,154.90 Cleanup 42,195.10 - One-Time Support Services 101 1600 57020 10 General Government 1600 Support Services 570 Capita 5702 Computer Hardware & Peripherals 101-10-1600-57020 (1,851.07) Computer Hardware & Peripherals 28,000.00 26,148.93 - 1,851.07 Cleanup 26,148.93 - One-Time Facilities 101 1810 51050 18 General Services 1810 Facilities 510 Servic e5105 Utilities 101-18-1810-51050 14,846.11 Utilites-Telephone 15,000.00 29,846.11 - (14,846.11) Cleanup 29,846.11 - One-Time Facilities 101 1810 51300 18 General Services 1810 Facilities 510 Service5120 Professional & Contract Services 101-18-1810-51300 11,859.00 Contract Services 120,905.00 132,764.00 - (11,859.00) Cleanup 132,764.00 - One-Time Facilities
Maintenance 101 5300 51031 50 Public Works 5300 Facilities Maintenance 510 Servic e5103 Supplies 101-50-5300-51031 (689.62) Special Department Supplies 20,000.00 2,371.73 - 17,628.27 Cleanup 19,310.38 16,938.65 One-Time Facilities
Maintenance 101 5300 51064 50 Public Works 5300 Facilities Maintenance 510 Servic e5106 Maintenance and
Repairs 101-50-5300-51064 (20,576.55) Maintenance-Facilities 140,500.00 98,077.17 - 42,422.83 Cleanup 119,923.45 21,846.28 One-Time Facilities
Maintenance 101 5300 51070 50 Public Works 5300 Facilities Maintenance 510 Servic e5106 Maintenance and
Repairs 101-50-5300-51070 (35.47) Maintenance-Other Equipment 5,000.00 2,414.53 - 2,585.47 Cleanup 4,964.53 2,550.00 One-Time Facilities
Maintenance 101 5300 51300 50 Public Works 5300 Facilities Maintenance 510 Servic e5120 Professional &
Contract Services 101-50-5300-51300 (397.50) Contract Services 95,458.00 54,243.48 - 41,214.52 Cleanup 95,060.50 40,817.02 One-Time Orange Avenue
Parking Lot 222 9096 57050 90 Capital Improvement 9096 Orange Avenue Parkin 570 Capita 5705 Land 222-90-9096-57050 (11,072.00) Land Acquisition 11,072.00 - - 11,072.00 Cleanup - - One-Time Amtrak Depot 222 9079 57070 90 Capital Improvement 9079 Amtr ak Depot 570 Capita 5707 Capital Project 222-90-9079-57070 11,072.00 Design 250,000.00 244,116.16 - 5,883.84 Cleanup 261,072.00 16,955.84 One-Time Goleta Library 236 2100 51035 20 Library Services 2100 Goleta Library 510 Servic e5103 Supplies 236-20-2100-51035 2,000.00 Books & Subscriptions 16,554.35 8,376.37 - 8,177.98 New 18,554.35 10,177.98 One-Time Total 2,000.00$
39 ATTACHMENT 6:
Fiscal Year 2021/22 Fourth Quarter Financial
Review Presentation
40 Fiscal Year 2021/22
Fourth Quarter Financial
Review (Unaudited)
City of Goleta
City Council Meeting
September 20, 2022
41 2
General Fund Budget Summary
September 20, 2022 City of Goleta – FY 2021/22 Fourth Quarter Financial Review (Unaudited) FY 21/22 Budget was adopted June 15, 2021 at $32.2 million FY 21/22 new appropriations since July 1, approximately $10.8 million FY 21/22 current budget at approximately $42.99 million FY 21/22 operating expenditures increased by 26.5% compared to FY 20/21, primarily due to street maintenance program expenditures and i
ncreased police services costs.
No new appropriations, however, staff is recommending budget transfer of $26,705 from Public Works Facilities Maintenance and Support Services
(HR/Risk Management) to General Services Department
FY 2018/19 FY 2019/20 FY 2020/21 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
Revenues and Other Sources 30,024,330$ 28,687,014$ 41,007,446$ 35,846,500$ 37,849,466$ 105.6% -7.7% Operating Expenditures 24,603,776$ 24,819,277$ 24,225,764$ 39,527,414$ 30,650,400$ 77.5% 26.5% Capital Expenditures 830,931$ 10,681,884$ 1,266,975$ 3,417,402$ 251,642$ 7.4% -80.1% Total Expenditures 25,434,707$ 35,501,161$ 25,492,739$ 42,944,816$ 30,902,042$ 72.0% 21.2% Net Change to Fund Balance 4,589,623$ (6,814,147)$ 15,514,707$ (7,098,316)$ 6,947,424$ Beginning Fund Balance 19,502,475$ 24,092,098$ 17,277,951$ 32,792,658$ 32,792,658$ Ending Fund Balance 24,092,098$ 17,277,951$ 32,792,658$ 25,694,342$ 39,740,082$ Category
FY 2021/22
42 How did General Fund Revenues do?
3September 20, 2022 City of Goleta – FY 2021/22 Fourth Quarter Financial Review (Unaudited) $30.0 $28.7 $31.0
$37.8
9.1%
-4.5%
8.1%
22.1%
-30%
-20%
-10%
0%
10%
20%
30%
$0
$5
$10
$15
$20
$25
$30
$35
$40
18/19
Actuals
19/20
Actuals
20/21
Actuals
21/22
Actuals
Millions
General Fund Operating Revenues – Comparison to Prior Year Actuals General Fund Revenues Pct Change from Prior Year
FY 20/21 of $31.0 million reflects only the General Fund Operating Revenues. The one-time $10 million General Fund reimbursement related to IBank financing for the City Hall purchase that was received in October 2020 was removed for comparison purposes.
General Fund Summary
Actual revenues at $37.8 million
Property tax related revenues at $8.7 million, increased assessed valua
tions, RDA pass-through residual balances and documentary transfer tax related to sales activity
Hotel tax (TOT) reached $14.3 million, driven by increased ADR and occupancy l
evels returning to pre-pandemic levels
Cannabis tax at $1.7 million, ongoing volatility, facing increased compet
ition and shifting demand (statewide issue)
Sales tax higher at $8.6 million, continued recovery with those impacted by the shutd
own orders during the pandemic, such as fuel and service stations and restaurants and hotels.
The City’s General Fund does not account for the $5.9 million of ARPA funds receiv
ed and is accounted for in Fund 423 for tracking and
transparency purposes.
43 Transient Occupancy Tax
4September 20, 2022 City of Goleta – FY 2021/22 Fourth Quarter Financial Review (Unaudited) Transient Occupancy Tax Summary
TOT at $14.3 million, exceeded budget estimates by $1.3 million or
10.3%
TOT up $5.1 million or 55.2% compared to prior year FY 20/21 TOT up $2.8 million or 24.0% when compared to pre-pandemic FY 18/19
Elevated ADR rate around $333 and average occupancy rate at 76% in FY 21/22
Pre-pandemic FY 18/19, ADR rates were around $245 and average occupancy ra
te at 78%
Current trending data shows ADR to remain at elevated levels and occupancy retur
ning to pre-pandemic levels
Does not include the one-time $287,509 payment in-lieu of TOT re
ceived from UCSB for students temporary occupying hotel rooms from September 19, 2021 - March 20, 2022. Accounted for in the Other Revenues category as part of one-time miscellaneous revenues.
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
$1,800,000
Goleta TOT Monthly Trend
2018/19
Actuals
2019/20
Actuals
2020/21
Actuals
2021/22
Actuals
44 Cannabis Business Tax
5September 20, 2022 City of Goleta – FY 2021/22 Fourth Quarter Financial Review (Unaudited) Cannabis Business Tax Summary
Cannabis tax were at $1.7 million and fell short of budget estimates of $2.0 million by $261,466
or -13.1%
Cannabis tax decreased $344,637 or -16.5% when compared to prior year FY 20/21
actuals.
Ongoing volatility due to increasing competition and shifting demand. 14 active licenses (11 if excluding operators with multiple locations) with 2 other
s in the review process at June 30th
9 operators reporting cannabis business tax revenues . Other potential applica
tions include one storefront retail and delivery from outside of City limits
Cannabis tax audit to be scheduled this upcoming fiscal year City Council supported staff and consultant recommendations adjusting the medicinal ret
ail rate from 0% to 5%and updating ordinance for
allowable operation hours from 8:00pm to 10:00pm
Resolution and ordinance update to Finance Committee in October and City Council i
n November
$0.4M
$2.1M
$1.7M
$4.2M
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0
FY 19/20
Actuals
FY 20/21
Actuals
FY 21/22
Actuals
Total Actual Revenues
Received to Date
Millions
Cannabis Business Tax Revenues
FY 19/20
Actuals
FY 20/21
Actuals
FY 21/22
Actuals
Total Actual Revenues
Received to Date
45 General Fund Expenditures
6September 20, 2022 City of Goleta – FY 2021/22 Fourth Quarter Financial Review (Unaudited) FY 2018/19 FY 2019/20 FY 2020/21 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
General Government 5,718,918 5,150,183 5,195,252 7,018,689 6,395,362 91.1% 23.1% General Services 0 0 0 881,681 452,670 51.3% -
Library 378,791 352,834 320,760 365,877 251,077 68.6% -21.7% Finance 803,863 978,992 955,919 1,334,150 1,193,925 89.5% 24.9% Planning & Env. Review 3,234,159 3,635,871 3,174,574 4,967,521 3,382,657 68.1% 6.6% Public Works 4,102,933 4,427,725 4,435,670 11,996,117 7,285,068 60.7% 64.2% Neighborhood Services 1,356,625 1,975,908 2,347,229 2,833,760 1,761,892 62.2% -24.9% Public Safety 7,676,138 7,452,279 6,959,079 8,639,819 8,475,352 98.1% 21.8% Non-Departmental 1,332,349 845,484 837,282 1,489,800 1,452,398 97.5% 73.5% Capital Improvement Projects 830,931 10,681,884 1,266,975 3,417,402 251,642 7.4% -80.1% Total Expenditures 25,434,707$ 35,501,161$ 25,492,739$ 42,944,816$ 30,902,042$ 72.0% 21.2% Expenditures
FY 2021/22
Carryover budget estimated at $6.4 million and are being finalized. Final amounts to be reported in the First Quarter Financial Review for FY 22/23 in December Special Project Encumbrances: $3.2 million (includes approximately $1.9 million carried over for the pavement rehabilitation project, to help meet Council’s pavement condition index (PCI) av
erage of 67.
CIP Projects: $3.2 million
When including carryovers, expenditure savings at approximately $5.6 million Preliminary estimates of $1.5 million related one-time salary and benefit savings Salary and benefit savings to recommended to go towards funding the City’s Section 115 Trust for Pensions and OPEB, to be further discussed in a future report as part of the policy
and funding strategy of the Section 115 Trusts
46 General Fund – Fund Balance and
Reserves
7September 20, 2022 City of Goleta – FY 2021/22 Fourth Quarter Financial Review (Unaudited) Classification
FY 20/21
Ending Fund Balance Increase Decrease
FY 21/22
Est. Ending Fund
Balance
Reserve
Adjustments
FY 21/22 Revised
Est. Ending Fund
Balance
Prepaids and Deposit 25,674 25,674 502 26,176 City Hall Solar Removal 94,500 94,500 94,500 Public Facilities 830,108 830,108 830,108 Capital Equipment 658,579 658,579 133,074 791,653 Compensated Leave 404,111 404,111 3,495 407,606 Building Maintenance - - - Risk Management 200,000 200,000 200,000 Litigation Defense Fund 300,000 300,000 300,000 Contingency 10,129,713 - 10,129,713 - 10,129,713 Street Maintenance - - - Sustainability - - - OPEB UAL 333,500 333,500 (333,500) - CalPERS Pension UAL 170,000 170,000 (170,000) - CIP Project - GCC FEMA Match - 1,296,312 (1,296,312) - - - CIP Project Funding 757,489 (757,489) - 3,165,761 3,165,761 Encumbrances 1,049,208 (1,049,208) - 3,213,730 3,213,730 FMV Adjustment 78,720 78,720 78,720 Unassigned Fund Balance 17,761,056 8,754,121 26,515,177 (6,013,061) 20,502,116 Total 32,792,658 1,296,312$ 5,651,112$ 39,740,082$ -$ 39,740,082$ Revised estimated unassigned fund balance
estima
ted at $20.5 million on June 30, 2022
Reminder:
Current FY 22/23 Mid-Cycle Budget included
one-time use
of fund balance:
$2.2 million for pavement
$7.3 million for active underfunded
priority
CIP projects
$2.8 million for other one-time special
pr
ojects and capital asset purchases
FY 22/23 unassigned fund balance at
appr
oximately $8.5 million
Update and final balance at FY 22/23 Q1
Target level to maintain at $3 million
47 Summary of Expenditure Adjustments
8 General Government 6,621,700 396,989 7,018,689 6,395,362 91% (5,006) 7,013,683 General Services 0 881,681 881,681 452,670 51% 26,705 908,386 Library 347,900 17,977 365,877 251,077 69% - 365,877 Finance 1,229,000 105,150 1,334,150 1,193,925 89% - 1,334,150 Planning & Env. Review 3,718,000 1,249,521 4,967,521 3,382,657 68% - 4,967,521 Public Works 7,619,600 4,376,517 11,996,117 7,285,068 61% (21,699) 11,974,418 Neighborhood Services 2,533,300 300,460 2,833,760 1,761,892 62% - 2,833,760 Public Safety 8,626,600 13,219 8,639,819 8,475,352 98% - 8,639,819 Non-Departmental 986,300 503,500 1,489,800 1,452,398 97% - 1,489,800 Capital Improvement Projects 500,000 2,917,402 3,417,402 251,642 7% - 3,417,402 Total Expenditures 32,182,400 10,762,416 42,944,816 30,902,042 72% - 42,944,816 General Fund Statement of Revenue and Expenditures
City of Goleta
For the Quarter Ended June 30, 2022
Budget to Actual Comparison
Original Budget Prior Revisions Current Budget 6/30/2022 Actuals % of Budget Recommended
Revisions Amended BudgetExpenditures
September 20, 2022 City of Goleta – FY 2021/22 Fourth Quarter Financial Review (Unaudited) Staff recommending internal budget transfer into General Services to support facility maintenance and utility costs that are now under General Services – Facilities. 48 Capital Improvement Program (CIP) and
Other Special Revenue Funds
9 Special revenue funds evaluated and provided in summary (Attachment 3) CIP Summary by project reviewed for adequate funds (Attachment 4) CIP budget balances for all funds have been reviewed for carryovers and in process of being updated Various recommended adjustments to special revenue funds:
Fund Program/Project Name
Apopropriation
Requests Description/Notes (Department Comments)
222 Public Facilities DIF 9096 Orange Avenue Parking
Lot
$ (11,072) Transfer unused Public Admin DIF budget previously used for land acquisition to Train Depot project to cover SBCAG underestimated staff time of $14,908.09
222 Public Facilities DIF 9079 Amtrak Depot $ 11,072 Transfer unused Public Admin DIF budget previously used for land acquisition to Train Depot project to cover SBCAG underestimated staff time of $14,908.09
236 Misc. Grants Library 2100 Goleta Library $ 2,000 To purchase books via Amazon for the Zip Books Grant 2021/22 program at GVL
Other special fund adjustments include offsetting revenue adjustments to match grants and a cleanup revenue adjustment of $2.7 million related Fire Facilities DIF – Fund 229 to mat
ch expenditures. Additional details of the special revenue budget adjustments can be seen in further detail in Attachment 5-Exhibit A.
September 20, 2022 City of Goleta – FY 2021/22 Fourth Quarter Financial Review (Unaudited) 49 Looking Ahead
10 Date Description
September 20, 2022
Council Meeting
FY 21/22 Fourth Quarter Financial Review
October 17 – 19, 2022 FY 21/22 Audit – Final Fieldwork
October TBD Next Major Sales Tax Update
November 8, 2022 General Election – Measure B2022 - Potential 1% Transaction and Use Tax Measure with operative date January 1, 2024
November TBD Cannabis Ordinance Update
November TBD Section 115 Trust Policy and Funding Strategy December 6, 2022
Council Meeting
FY 22/23 First Quarter Financial Review
December 20, 2022
Council Meeting
FY 21/22 Annual Comprehensive Financial Report
September 20, 2022 City of Goleta – FY 2021/22 Fourth Quarter Financial Review (Unaudited) 50