Agenda Item D.2
DISCUSSION/ACTION ITEM
Meeting Date: September 19, 2023
TO: Mayor and Councilmembers
FROM: Luke Rioux, Finance Director
CONTACT: Tony Gonzalez, Accounting Manager
SUBJECT: Fiscal Year 2022/23 Fourth Quarter (Year-End) Financial Review (Unaudited) RECOMMENDATION:
Adopt Resolution No. 23-__ entitled, “A Resolution of the City Council of the City of Goleta, California, Amending the City of Goleta Operating and CIP Budget for Fiscal Year 2022/23.” BACKGROUND:
This report provides a financial update on the City’s preliminary actual revenue and expenditure activity through the fourth quarter (Q4) of the F iscal Year (F Y) 2022/23 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 and amended on June 2 1, 2022 (Mid-Cycle Budget) . The information in this report is preliminary and provides a review of the revenue and expenditure activity from July 1 through June 30, 2023, 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 2022/23 Annual Comprehensive Financial Report (ACFR) at the completion of the audit and financial statement preparation targeted in December 2023.
DISCUSSION:
General Fund Budget Summary:
Table 1 summarizes the General Fund’s past three fiscal year activity, current FY 22/23 budget and year to date actuals.
1 Meeting Date: September 19, 2023
Table 1 - General Fund Budget Summary (Budget to Actual Comparison)
Table 2 summarizes the General Fund’s original adopted budget, current budget, and recommended amendments.
Table 2 – General Fund Budget Summary and Amendments
The FY 2022/23 Adopted Budget was approved on June 21, 2022, with total expenditures at $44 million. The budget included adjusting revenues to capture higher sales tax and transient occupancy tax (TOT) receipts , though maintaining conservative estimates. The budget also included increasing expenditures related to staff levels to address ongoing workload capacity to help meet service levels and address critical needs, including incorporating the new General Services Department and one-time funding for critical capital projects.
The FY 2022/23 Current Budget total expenditures are now at $56.7 million, which includes carryover budget and new appropriations authorized by City Council for a total of $13.6 million (supported by the fund balance of the General Fund ). Since July 1, 2022, the City Council has approved various new expenditure budget appropriations totaling approximately $12.7 million. Of the $ 12.7 million, $2.2 million was programmed for the Pavement Rehabilitation Project . Other new appropriations include additional funding needed for Sustainability Program outreach, landscape maintenance, Ellwood Beach Drive Draining Repair project, and appropriations approved during the Q1, Q2, and Q3 Financial Review, including adjustments for Building and Safety contract services and Airport Impact Analysis and Planning Document Review. In June, the City Council also authorized an additional appropriation of $1.8 million for emergency response services due to the 2023 winter storm events.
FY 2019/20 FY 2020/21 FY 2021/22 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
Revenues and Other Sources 28,687,014$ 41,007,446$ 37,623,480$ 35,631,809$ 38,328,234$ 107.6% 1.9% Operating Expenditures 24,819,277$ 24,225,764$ 30,895,556$ 47,016,506$ 36,808,717$ 78.3% 19.1% Capital Expenditures 10,681,884$ 1,266,975$ 251,642$ 9,716,689$ 1,130,063$ 11.6% 349.1% Total Expenditures 35,501,161$ 25,492,739$ 31,147,198$ 56,733,194$ 37,938,780$ 66.9% 21.8% Net Change to Fund Balance (6,814,147)$ 15,514,707$ 6,476,282$ (21,101,385)$ 389,454$ Beginning Fund Balance 24,092,098$ 17,277,951$ 32,792,658$ 39,268,940$ 39,268,940$ Ending Fund Balance 17,277,951$ 32,792,658$ 39,268,940$ 18,167,555$ 39,658,395$ Category
FY 2022/23
Category
2022/23
Adopted
Budget
2022/23
Current
Budget
Recommended
Amendments
2022/23
Amended Budget
Revenues and Other Sources 36,041,100$ 35,631,809$ -$ 35,631,809$ Operating Expenditures 36,815,225$ 47,016,506$ -$ 47,016,506$ Capital Expenditures 7,260,078$ 9,716,689$ (1,050,683)$ 8,666,006$ Total Expenditures 44,075,303$ 56,733,194$ (1,050,683)$ 55,682,511$ Net Change to Fund Balance (8,034,203)$ (21,101,385)$ 1,050,683$ (20,050,702)$ Beginning Fund Balance 39,268,940$ 39,268,940$ 39,268,940$ Ending Fund Balance 31,234,737$ 18,167,555$ 1,050,683$ 19,218,238$ 2 Meeting Date: September 19, 2023
Attachment 1 provides the General Fund Statement of Revenues & Expenditure s, which summarizes the major budget revisions by major revenue source and expenditure adjustments by departments.
General Fund – Recommended Amendments Summary:
Staff is recommending various year-end budget adjustments to CIP expenditures, due to projects being complete or needing cleanup. These adjustments are a total decrease of $1.05 million which is further discussed in detail below.
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, which is followed by a brief discussion of the key revenue variances and where the City is trending.
Table 3 – General Fund FY 2022/23 Revenues through Q4 (June 30)
Property Tax
Property tax is the second largest revenue source for the City as it accounts for 24.3% of total General Fund revenues and it remains 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. The City shares half (50%) of its property tax allocation with the County of Santa Barbara, per the Revenue Neutrality Agreement (RNA). The amount shared with the County is estimated to be approximately $4.0 million for FY 22/23.
FY 2019/20 FY 2020/21 FY 2021/22 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
Property Taxes 7,684,647 8,237,033 8,655,521 8,547,387 9,332,590 109.2% 7.8% Sales Taxes 6,735,609 7,585,649 8,572,807 8,316,500 8,726,058 104.9% 1.8% Transient Occupancy Tax 9,197,440 9,239,079 14,341,129 13,100,000 13,882,621 106.0% -3.2% Cannabis Tax 391,342 2,083,171 1,738,534 1,100,000 1,021,742 92.9% -41.2% Franchise Fee 1,361,348 1,410,787 1,513,730 1,592,100 1,636,443 102.8% 8.1% License & Service Charges 1,823,082 1,645,798 1,929,169 2,011,800 2,118,713 105.3% 9.8% Fines & Penalties 165,935 118,873 168,275 141,000 163,584 116.0% -2.8% Interest & Rent Income 565,849 209,018 (105,801) 334,000 994,284 297.7% 1039.8% Reimbursements 471,326 359,354 386,437 326,000 298,160 91.5% -22.8% Other Revenues 260,453 85,368 398,976 119,222 125,481 105.2% -68.5% Other Sources 29,983 10,033,316 24,704 43,800 28,558 65.2% 15.6% Total Revenues 28,687,014$ 41,007,446$ 37,623,480$ 35,631,809$ 38,328,234$ 107.6% 1.9% Revenues
FY 2022/23
3 Meeting Date: September 19, 2023
Overall property tax revenues received of $9.3 million exceeded budget projections by $785,203 or 9.2%. On an actual basis, compared to the prior fiscal year, overall property tax revenues increased by $677,069 or 7.8%. This increase was due to RDA pass-through payments and large one-time Documentary Transfer Tax received, primarily due to the sale of Ritz Carlton – Bacara property back in November 2022.
Sales Tax
Sales tax collections are projected to be the third largest revenue source for the City at $8.3 million and account for 22.8% 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 (also known as Bradley - Burns) allocation of the 7.75% sales tax rate that is n ormally allocated to cities. The City shares 30% of the 1% sales tax 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 sales tax base is generated from various main industry categories, including General Consumer Goods with a dominant share at an average of 20%. The General Consumer Goods category is represented by a multitude of retail stores that provide various consumer goods. The businesses in this category include large discount department stores, electronics stores, home furnishing stores and other retail stores. The next largest industry categories are the State and County Pools (primarily online sale s) now at 18% (historically 14%). When combined together, these two industry groups account for 38% of the City’s sales tax base. It is then supplemented by Business and Industry (manufacturers and industrial), Restaurants and Hotels (dining establishments , fast food, and bars), Building and Construction at 13% to 12%, and Autos and Transportation at 1 0%. For comparison purposes the percentage share by the eight major industry groups for the City is seen in Figure 1 below:
Figure 1 - Sales Tax by Major Industry Groups
Autos and
Transportation
10%
Building and
Construction
12%
Business and Industry
13%
Food and Drugs
6%Fuel and Service
Stations
8%
General Consumer
Goods
20%
Restaurants and Hotels
13%
State and County Pools
18%
4 Meeting Date: September 19, 2023
Total sales tax revenues received through end of the fiscal year reached $8.7 million, which exceeded the budget projections of $8.3 million by $409,558 or 4.9%. In comparison to the prior year of $8.56 million, sales tax revenues were up by $153,252 or 1.8%. While this was a small increase, overall sales tax activity remained flat when adjusted for economic data.
At a recent key sales tax meeting staff had with our consultants HdL in August, sales tax revenues started to experience a slight decline for the January -March period. Sales weakened in multiple sectors due to pricing pressures on essentials such as food and energy as federal policy makers increased rates to control inflation and cool consumer demand along with wet weather experienced during that quarter. Staff will have their next key sales tax update in October for the actual activity for the April through June period.
Transient Occupancy Tax (TOT)
The City’s TOT was the largest General Fund revenue source at 37% this fiscal year. TOT has historically been the largest revenue source since FY 2012/13. TOT is the most volatile and was the most impacted by the pandemic due to a decrease in overnight stays and has since recovered.
Based on actual receipts, TOT revenues wer e at $13.9 million, which exceeded budget projection of $13.1 million by $782,621 or 6.0%. When compared to the prior year of $14.3 million, TOT revenues were down $458,50 8 or -3.2%. This decrease is due to average daily rates and occupancy levels trending down from the prior year’s historic highs, though still above pre-pandemic levels. Occupancy rates for the July through June period were on average between 60% and 90% with the average daily rate ranging between $242 and $421. Pre-pandemic occupancy rates were between 79% to 89% with the average daily rate between $260 to $296.
Table 4 and Figure 2 summarize the actual TOT revenues received by month since FY 18/19.
Table 4 - TOT Revenues for the Twelve Months of FY 2022/23
Month
2018/19
Actuals
2019/20
Actuals
2020/21
Actuals
2021/22
Actuals
2022/23
Actuals
$ Chg from
Prior Year
% Chg from
Prior Year
July 1,325,613$ 1,389,695$ 669,922$ 1,704,247$ 1,618,463$ (85,784)$ -5.0% August 1,278,046 1,365,353 894,806 1,546,744 1,524,417 (22,327) -1.4% September 1,010,472 1,057,156 858,289 1,322,884 1,458,868 135,985 10.3% October 904,428 1,008,713 845,369 1,130,339 1,146,863 16,524 1.5% November 875,203 826,170 639,146 969,235 1,059,141 89,906 9.3% December 692,371 731,050 322,282 889,565 856,252 (33,314) -3.7% January 677,067 740,150 348,766 683,128 705,485 22,357 3.3% February 777,694 826,479 524,788 867,652 822,959 (44,693) -5.2% March 883,099 391,077 758,298 1,159,034 986,522 (172,512) -14.9% April 982,306 111,640 1,018,359 1,412,193 1,211,553 (200,640) -14.2% May 972,262 238,349 1,057,257 1,251,448 1,114,755 (136,693) -10.9% June 1,185,351 511,608 1,301,798 1,404,659 1,377,342 (27,317) -1.9% Total 11,563,912$ 9,197,440$ 9,239,079$ 14,341,129$ 13,882,621$ (458,508)$ -3.2% 18/19 Baseline $ Change (2,366,473)$ (2,324,833)$ 2,777,216$ 2,318,708$ 18/19 Baseline % Change -20.5% -20.1% 24.0% 20.1%
5 Meeting Date: September 19, 2023
Figure 2 – TOT Monthly Trend
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
Through the end of fiscal year, the City of Goleta ha d 13 active licenses, 1 about to be licensed and 1 other operator in the pre -license site inspection phase . When excluding $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
2022/23
Actuals
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%
6 Meeting Date: September 19, 2023
businesses with multiple locations, there are currently 11 business operators, with 10 operators now reporting cannabis business tax revenues. One operator licensed as a Microbusiness gave notice earlier this year they will no longer be operating due to market conditions. A summary of the licenses can be seen in Table 6 below.
Total cannabis business tax revenues received through June 30 th were approximately $1.02 million and fell short of the $1.1 million revised budget projection by ( -$261,466) or - 7.1%. When compared to prior year revenues of $1.7 million, cannabis revenues were down (-$716,792) or -41.2%. This decrease was anticipat ed due to the ongoing volatility and uncertainty around this new revenue source, and as mentioned, revenues were revised down during Q2. During Q2, staff had recommended the original projected budget of $2.1 million to be decreased downward to $1.1 million.
Staff has had discussions with cannabis operators and other jurisdictions and cannabis tax revenue activity continues to be impacted by increased competition and oversuppl y statewide. In addition, distribution operators have continued to express issues with the black market across the state and supply and demand being affected by limited access to legalized cannabis. As of December 6, 2022, the Department of Cannabis Control reports 1,085 active cannabis store front retail license s statewide and 328 out of the 539 (61%) cities and counties do not allow any retail cannabis business . The cost of doing business is also being affected with inflationary factors and having limited access to capital markets to assist with cash flow and operations. Other issues include difficulties with operators collecting payment from other retailers across the state due to federal regulations.
At the end of June 2023, staff learned that HERBL (cannabis distributor) has filed for receivership. Staff is working wit h its cannabis consultants and assigned receiver for any tax HERBL may still owe. Right now it is estimated about $29,000. It is still unclear what will happen to the property. Staff have cannabis inspections coming up later this month and will find out more and share with Council once known.
While not part of this financial year -end review, it should be noted that due to the receivership of HERBL, staff will be recommending a FY 23/24 Q1 adjustment to the cannabis business tax revenues from $1.13 million to about $600,000, a decrease of $530,000 or -47%. Staff expects cannabis 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 early next fiscal year. Should revenues continue to fall short of estimates, the unas signed fund balance is available to serve as a revenue stabilizer and absorb the impact.
Table 6 below summarizes the approved Cannabis Business License Operators as of the date preparing this report and the pending applicants in process.
7 Meeting Date: September 19, 2023
Table 6 – Cannabis Business License Application Summary
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 lik ely being lost to retailers in nearby jurisdiction during these hours. These changes will require a resolution and ordinance update that is planned to be brought back in October.
Franchise Fees
The City collects franchise fees from four main service pro vider 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, while Solid Waste fees are collected monthly. Total franchise fees collected by the end of fourth quarter were $1.6 million, which exceeded budget estimates by $44,343 or 2.8%. In comparison to prior year, franchise fees increased by $122,713 or
8.1%.
# 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 Currently expanding licensed
premise - Pre-license
inspection scheduled in June
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 Under receivership 8 Approved HERBL 839 Ward Drive Distribution Under receivership 9 Approved HERBL 749 Ward Drive Distribution Under receivership 10 Approved Thornwood Distribution LLC 5756 Thornwood Drive Cultivation (Processor) Nursery 11 Approved One Plant 290 Storke Road Storefront Retail 12 Approved Firefly Delivery, LLC 5775 Dawson Ave Non-Store Front Retail (Delivery)
Delivery only
13 Approved AGQ Green Nature 859 Ward Drive. Suite 103 Testing Testing facility 14 Pending Hollister Distribution, Inc. 5631 Calle Real Storefront Retail Anticipated to be licensed by end of September
15 Pending Megan's Organic Market 5999 Hollister Storefront Retail Application received and review in process
16 No longer
operating
Ocean Grown Farms 176 Aero Camino Microbusiness Distribution Manufacuring
Non-Storefront Retail
(Delivery)
8 Meeting Date: September 19, 2023
Licenses and Service Charges
This revenue category reflects the user fees (cost recovery) 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. All reven ue accounts were revised and updated to reflect anticipated activity for FY 2022/23. Table 7 summarizes the primary revenue accounts within the Licenses and Service Charges category.
Table 7 – Licenses and Service Charges Summary
Through the end of the fourth quarter, revenues were at $2.1 million , which exceeded budget projections by $106,913 or 5.3%. In comparison to the same period in prior year, overall revenues increased by $189,543 or 9.8 %, primarily due to building permit a ctivity and plan check fees.
Fines and Penalties
The City collects various fines and penalties related to traffic, parking, towing, and lost item fees related to the library. Overall receipts of $163,584 exceeded budget projections by $22,584 or 16%. In comparison to the same period last year, overall revenues were down by -2.8%.
Interest and Rent Income
Interest and rent income accounts for rental income from property owned by the City as well as investment earnings generated from the City’s inves tment program. Through the end of the fourth quarter, interest and rent income was at approximately $1 million, which exceeded budget projections by $660,284 or 197.7% . In comparison to prior year for the same quarter, revenues increased by $1.1 million or 1,039.8%. This increase is due to higher interest earnings due to a rising interest rate environment and apply a year-end fair market value (FMV) adjustment . An FMV adjustment of -$89,120.49 was applied to the City’s investment program as required by the Governmental Accounting Standards Board (GASB) and reflects an FMV amount of unrealized gains and losses. When considering only actual realized interest earnings, total revenues were at $956,877 , which exceed ed budget projections by $716,877 or 300%. It should be noted that as Finance staff onboards new staff and fills vacancies, staff is continuing to build out its investment program.
FY 2019/20 FY 2020/21 FY 2021/22 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
Legal Deposits Earned 1,750 398 15,982 1,000 7,300 730.0% -54.3% Planning Fees 98,430 110,688 134,161 103,000 117,807 114.4% -12.2% Planning Deposits Earned 254,711 282,665 255,513 200,000 329,810 164.9% 29.1% Building Permits 627,244 416,490 422,776 605,000 456,122 75.4% 7.9% Public Works Deposits Earned 69,413 56,564 44,588 58,000 32,733 56.4% -26.6% PW/Engineering Fees 63,314 89,753 134,593 125,000 97,640 78.1% -27.5% Solid Waste Roll Off Fees 32,942 28,041 29,120 30,000 26,455 88.2% -9.2% Business License 340,718 374,896 515,712 452,000 538,992 119.2% 4.5% Plan Check Fees 259,137 210,843 290,934 334,500 397,352 118.8% 36.6% Other Licenses & Charges 75,422 75,461 85,791 103,300 114,501 110.8% 33.5% TOTAL 1,823,082$ 1,645,798$ 1,929,169$ 2,011,800$ 2,118,713$ 105.3% 9.8% Licenses and Service
Charges
FY 2022/23
9 Meeting Date: September 19, 2023
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 reimbursements 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, dep ending 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 require payments from the General Fund. The revenues received through the end of the quarter totaled $298,160 and were at 91.5% of the total budgeted amount of $ 326,000. In comparison to prior year, revenues decreased by approximately -$27,840 or -22.8%. This decrease is primarily related to interfund reimbursement activity. Staff are still finalizing and further reviewing any year-end adjusting journal entries to reflect reimbursement associated with administration and direct cost with the Redevelopment Successor Agency.
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 $125,481 by the end of the quarter or approximately 105.2% of the total budgeted amount of $119,222. In comparison to prior year for the same quarter, revenues decreased by -68.5%. This decrease is primary due to the one-time payment in-lieu of TOT received in the prior year.
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 utilize this category to account for funds transferred in for staff time spent in administering the Community Development Block Grants (CDBG) program. Other sources received through the end of the quarter were at
65.2% or $ 28,558 of the total budget amount of $43,800. This was due to less than anticipate staff time activity charged.
General Fund Expenditure Analysis:
The General Fund expenditures budget is currently at $56.7 million. Total preliminary actual expenditures through the fourth quarter were at $37.9 million or 66.9% of budget. Staff is still finalizing carryovers, though based on preliminary numbers, approximately $ 13.5 million of expenditure savings will be carried forward into FY 23/24. When factoring estimated carryovers, this adjusts the expenditures savings at approximately $5.3 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 10 Meeting Date: September 19, 2023
in previous year. Final carryovers and details will be reported back in the FY 23/24 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 year- end adjustments.
Table 8 - General Fund FY 2022/23 Expenditures through Q4 (June 30)
All departments were within range of their overall allocated budgets as of June 30, 2023.
When comparing total actual expenditures to the prior fiscal year, the City spent approximately $6.8 million or 21.8% more than FY 21/22. Provided in Attachment 2 of this report is a “Budget to Actuals” comparison of the Department’s divisions and programs.
At this time, staff are recommending various cleanup adjustments to the CIP program project budgets, reducing the General Fund portion down by $1.05 million. These projects were either confirmed to be closed or General Fund appropriation was not needed right now. These types of adjustment reductions were part of discussion during adoption of the FY 23/24 and FY 24/25 Budget. Additional details can be found in Attachment 5.
General Fund - Fund Balance and Reserves:
Table 9 shows a recap of Fund Balance as of June 30, 2022 and June 30, 2023, which has been revised. The revised ending fund balance reflects actual revenues and expenditures, and factors in estimated carryover amounts related to FY 22/23, including adjusting certain reserve categories at policy level, such as compensated leave balances to be reset at 50% of the value on June 30 th and adjusting fair market value. The amounts are subject to change after the audit is complete and final numbers will be reported in the First Quarter Financial Review for FY 23/24.
FY 2019/20 FY 2020/21 FY 2021/22 Prior Year
Year End
Actuals
Year End
Actuals
Year End
Actuals
Current
Budget
Year End
Actuals
%
Realized
Year End
% Chg
General Government 5,150,183 5,195,252 6,401,327 6,417,980 6,090,971 94.9% -4.8% General Services 0 0 454,270 3,690,051 2,823,600 76.5% 521.6% Library 352,834 320,760 251,077 434,591 369,363 85.0% 47.1% Finance 978,992 955,919 1,196,075 1,793,380 1,391,911 77.6% 16.4% Planning & Env. Review 3,635,871 3,174,574 3,382,657 4,954,651 3,650,553 73.7% 7.9% Public Works 4,427,725 4,435,670 7,525,224 15,385,619 9,243,873 60.1% 22.8% Neighborhood Services 1,975,908 2,347,229 1,761,892 2,726,634 2,240,820 82.2% 27.2% Public Safety 7,452,279 6,959,079 8,470,638 9,766,000 9,157,530 93.8% 8.1% Non-Departmental 845,484 837,282 1,452,398 1,847,600 1,840,096 99.6% 26.7% Capital Improvement Projects 10,681,884 1,266,975 251,642 9,716,689 1,130,063 11.6% 349.1% Total Expenditures 35,501,161$ 25,492,739$ 31,147,198$ 56,733,194$ 37,938,780$ 66.9% 21.8% Expenditures
FY 2022/23
11 Meeting Date: September 19, 2023
Table 9 – General Fund FY 2022/23 – Estimated Fund Balance and Reserves
As shown above, the revised estimated FY 2022/23 total fund balance is projected at $39.6 million as of June 30, 2023. After factoring in additional revenues, expenditure savings, and adjusting for estimated carryovers and reserves, the unassigned fund balance is projected at $11.4 million at June 30, 20 23. The 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 unanticipated one-time projects or other one-time priority needs. It should be noted that t he $11.4 million at the end of FY 22/23 was in line with the staff’s projection during the FY 23/24 and FY 24/25 budget adoption.
The recently adopted budget included utilization of the unassigned fund balance for CIP and other one-time projects. When considering those amounts and use of the budget, staff are projecting an approximate increase of $3 million to the unassigned fund balance .
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. In addition, staff will also be working on a re-forecast for Q2 (Mid-Year) and Mid-Cycle Budget.
Note: Finance Annual Work Program for FY 23/24 includes a comprehensive review of evaluating reserve categories and amounts under long range projects contingent on staff capacity.
Revenue Neutrality Agreement (RNA):
The receipts and payments as a result of th e RNA are not included in the budget. Under the RNA Agreement, the County is allocated 30% of the 1% Sales Tax revenues generated within the City of Goleta and shares equally in the Property Tax revenues of the City . The estimated cost for FY 2022/23 of the total RNA payments is $ 7.3 million. The estimated total contribution since City incorporation in 2002 is approximately $ 143.9 million through the end of FY 2022/23.
Classification
FY 21/22
Ending Fund Balance Increase Decrease
FY 22/23
Est. Ending Fund
Balance
Reserve
Adjustments
FY 22/23 Revised
Est. Ending Fund
Balance
Prepaids and Deposit 26,176 (26,176) - 15,049 15,049 City Hall Solar Removal 94,500 94,500 94,500 Public Facilities/Building Maintenance 830,108 830,108 830,108 Capital Equipment 791,653 791,653 - 791,653 Compensated Leave 407,606 407,606 19,759 427,365 Building Maintenance - - - Risk Management 200,000 200,000 200,000 Litigation Defense Fund 300,000 300,000 600,000 600,000 Contingency 10,129,713 1,105,541 11,235,254 11,235,254 Street Maintenance - - - Sustainability - - -
OPEB UAL - - - CalPERS Pension UAL - - - CIP Project - Train Depot Match - - - CIP Project Funding 3,034,236 (3,034,236) - 8,586,626 8,586,626 Encumbrances 3,410,472 (3,410,472) - 4,957,399 4,957,399 FMV Adjustment 429,996 429,996 89,120 519,117 Unassigned Fund Balance - Held
for liquidity and revenue stability - - - - - - Unassigned Fund Balance 19,614,480 5,454,797 25,069,277 (13,667,954) 11,401,322 Total 39,268,940 1,405,541$ (1,016,087)$ 39,658,394$ -$ 39,658,394$ 12 Meeting Date: September 19, 2023
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 an 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. 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 . Attachment 4 provides a CIP Expenditure Summary on a budget to actual basis to ensure that projects do not exceed the appropriations allocated to the project.
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 $856,932 or 96% of the $892,266 revenue budget amount. Budgeted expenditures are programmed at $2.6 million for the fiscal year and actual expenditures were at $1.5 million or 55.7% of budget.
The unspent budget will be carried over for the pavement rehabilitation project.
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 $ 690,837 or 95.7% of the $722,119 revenue budget amount. Budgeted expenditures are programmed at $1.4 million. Through the end of the quarter $1.02 million or 73.1% of budget has been expended. All budget is programmed towards the City’s pavement rehabilitation program and budget balances will continue to carry over for that purpose.
Measure A Fund (Fund 205)
The Santa Barbara County Association of Governments (SBCAG) receives a half -cent sales 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 $ 2.3 million or 111.6% of the $2.1 million revenue budget amount. Budgeted expenditures are programmed at $ 5.2 million and include a year-end budget amendment request of $-470,678 related to cleanup to CIP projects. Through the end of the quarter $1.4 million or 26.7% of budget have been 13 Meeting Date: September 19, 2023
expended. Budget balances will continue to be carried over into FY 23/24 for its transportation and street maintenance related projects.
Recommended Budget Amendments – Special Revenue Funds:
Staff is recommending various expenditure budget adjustments for othe r various Special Revenue Funds. Additional details and corresponding revenue adjustment (if applicable) is found in Attachment 5 – Exhibit A.
FISCAL IMPACTS:
General Fund
Total General Fund revenues are estimated at $38.3 million, which was $704,754 or 1.9% more than the prior year of $37.6 million. On a budgetary basis, revenues exceeded revised projections by $2.7 million or 7.6%. Total General Fund expenditures are estimated at $37.9 million, which was approximately $ 6.8 million or 21.8% more than the prior year. On a budgetary basis, expenditures were less than projected by $18.8 million or -33.1%. Based on the preliminary year-end numbers (including estimated carryovers), the overall General Fund experienced a net increase in the total fund balance of approximately $389,454. Staff is finalizing budget carryovers and details will be reported in the First Quarter Financial Review for FY 23/24.
Total General Fund expenditures are recommended for a decrease of -$1.05 million, from $56.7 million to $55.7 million. This adjustment is related to cleaning up General Fund dollars programmed towards completed CIP project and reprogramming General Fund that was discussed during the adoption of the FY 23/24 and FY 24/25 budget.
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 Committee and then the City Council for authorization. Preliminary projections have total salary and benefit savings realized of approximately $1.8 million.
Additional details of the accounts affected by the recommended General Fund budget adjustments can be found in Exhibit A that is part of Attachment 5 – Resolution Amending the City’s Operating and CIP Budget for Fiscal Year 2022/23.
Other Funds
Recommended amendments to Other Special Revenue Funds that were described above can be found in detail in Attachment 5 - Exhibit A. 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 position daily. The cash funds are pooled and are considered very liquid, as most of its funds are invested in overnight 14 Meeting Date: September 19, 2023
pooled investment accounts such as LAIF 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 $77 million.
ALTERNATIVES:
Council may elect not to adopt the at tached 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
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 Amending the City’s Operating and CIP Budget.
15 ATTACHMENT 1:
General Fund Statement of Revenue and Expenditures
Budget to Actual Comparison
16 Attachment 1
Property Taxes 8,478,600 68,787 8,547,387 9,332,590 109% - 8,547,387 Sales Taxes 8,316,500 - 8,316,500 8,726,058 105% - 8,316,500 Transient Occupancy Tax 13,100,000 - 13,100,000 13,882,621 106% - 13,100,000 Cannabis Tax 2,100,000 (1,000,000) 1,100,000 1,021,742 93% - 1,100,000 Franchise Fee 1,408,900 183,200 1,592,100 1,636,443 103% - 1,592,100 License & Service Charges 1,687,300 324,500 2,011,800 2,118,713 105% - 2,011,800 Fines & Penalties 141,000 - 141,000 163,584 116% - 141,000 Interest & Rent Income 334,000 - 334,000 994,284 298% - 334,000 Reimbursements 326,000 - 326,000 298,160 91% - 326,000 Other Revenues 105,000 14,222 119,222 125,481 105% - 119,222 Other Sources 43,800 - 43,800 28,558 65% - 43,800 Total Revenues 36,041,100 (409,291) 35,631,809 38,328,234 108% - 35,631,809 General Government 6,218,750 199,230 6,417,980 6,090,971 95% - 6,417,980 General Services 3,281,675 408,376 3,690,051 2,823,600 77% - 3,690,051 Library 434,600 (9) 434,591 369,363 85% - 434,591 Fi
nance 1,789,500 3,880 1,793,380 1,391,911 78% - 1,793,380 Planning & Env. Review 4,293,800 660,851 4,954,651 3,650,553 74% - 4,954,651 Public Works 8,098,300 7,287,319 15,385,619 9,243,873 60% - 15,385,619 Neighborhood Services 2,074,600 652,034 2,726,634 2,240,820 82% - 2,726,634 Public Safety 9,766,000 - 9,766,000 9,157,530 94% - 9,766,000 Non-Departmental 858,000 989,600 1,847,600 1,840,096 100% - 1,847,600 Capital Improvement Projects 7,260,078 2,456,611 9,716,689 1,130,063 12% (1,050,683) 8,666,006 Total Expenditures 44,075,303 12,657,891 56,733,194 37,938,780 67% (1,050,683) 55,682,511 Net Change in Fund Balance (8,034,203) (13,067,182) (21,101,385.2) 389,454 1,050,683 (20,050,702) Beginning Fund Balance 39,268,940 39,268,940 39,268,940 39,268,940 Ending Fund Balance 31,234,737 18,167,555 39,658,394 19,218,238 General Fund Statement of Revenue and Expenditures
City of Goleta
Amended Budget Recommended
RevisionsOriginal Budget Prior Revisions Current Budget 6/30/2023 Actuals % of Budget
Budget to Actual Comparison
For the Quarter Ended June 30, 2023
Revenues
Amended BudgetExpenditures % of BudgetOriginal Budget Prior Revisions Current Budget 6/30/2023 Actuals
Recommended
Revisions
17 ATTACHMENT 2:
General Fund Interim Statements by Department and Program Budget to Actual Comparison
18 City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended June 30, 2023
Attachment 2
Annual
"Current" Budget
QTR YTD
Actuals
Remaining
Balance
Percent
Received
Prior Year
QTR YTD Actuals
Taxes
Property Taxes 8,547,387 9,332,590 (785,203) 109.2% 8,655,521 Sales Taxes 8,316,500 8,726,058 (409,558) 104.9% 8,572,807 Transient Occupancy Tax 13,100,000 13,882,621 (782,621) 106.0% 14,341,129 Cannabis Tax 1,100,000 1,021,742 78,258 92.9% 1,738,534 Franchise Fee 1,592,100 1,636,443 (44,343) 102.8% 1,513,730 Total 32,655,987 34,599,454 (1,943,467) 106.0% 34,821,719 Licenses & Service Charges
Legal Deposits Earned 1,000 7,300 (6,300) 730.0% 15,982 Planning Fees 103,000 117,807 (14,807) 114.4% 134,161 Planning Deposits Earned 200,000 329,810 (129,810) 164.9% 255,513 Building Permits 605,000 456,122 148,878 75.4% 422,776 Public Works Deposits Earned 58,000 32,733 25,267 56.4% 44,588 PW/Engineering Fees 125,000 97,640 27,360 78.1% 134,593 Solid Waste Roll Off Fees 30,000 26,455 3,545 88.2% 29,120 Business License 452,000 538,992 (86,992) 119.2% 515,712 Plan Check Fees 334,500 397,352 (62,852) 118.8% 290,934 Other Licenses & Charges 103,300 114,501 (11,201) 110.8% 85,791 Total 2,011,800 2,118,713 (106,913) 105.3% 1,929,169 Fines and Forfeitures
Fines & Penalties 141,000 163,584 (22,584) 116.0% 168,275 Total 141,000 163,584 (22,584) 116.0% 168,275 Investment Income
Interest & Rent Income 334,000 994,284 (660,284) 297.7% (105,801) Total 334,000 994,284 (660,284) 297.7% (105,801) Reimbursements
Reimbursements 326,000 298,160 27,840 91.5% 386,437 To
tal 326,000 298,160 27,840 91.5% 386,437 Other Revenues
Other Revenues 119,222 125,481 (6,258) 105.2% 398,976 Total 119,222 125,481 (6,258) 105.2% 398,976 Other Financing Sources
Transfers In 43,800 28,558 15,242 65.2% 24,704 Total 43,800 28,558 15,242 65.2% 24,704 TOTAL REVENUES 35,631,809 38,328,234 (2,696,425) 107.6% 37,623,480
19 City of Goleta
General Fund Interim Statement of Revenues and Expenditures by Department and Program Budget to Actual Comparison
For the Quarter Ended June 30, 2023
Attachment 2
Annual
"Current"
Budget
QTR YTD
Actuals Encumbrances Totals
Remaining
Balance
%YTD Expended
w/ Encumbr
General Government
City Council 497,750 488,058 - 488,058 9,692 98.1% City Manager 2,081,600 1,961,838 - 1,961,838 119,762 94.2% City Clerk 727,500 698,753 - 698,753 28,747 96.0% City Attorney 1,075,323 1,084,277 - 1,084,277 (8,954) 100.8% Community Relations 519,707 505,204 - 505,204 14,503 97.2% Support Services 1, 516,100 1,352,841 - 1,352,841 163,259 89.2% Total 6,417,980 6,090,971 - 6,090,971 327,009 94.9% General Services
General Services 651,400 568,696 - 568,696 82,704 87.3% Facilities 1, 386,151 1,087,129 - 1,087,129 299,022 78.4% Information Technology 839,400 671,345 - 671,345 168,055 80.0% Fleet Management 813,100 496,430 - 496,430 316,670 61.1% Total 3,690,051 2,823,600 - 2,823,600 866,451 76.5% Library
Library Services 434,591 369,363 - 369,363 65,228 85.0% Total 434,591 369,363 - 369,363 65,228 85.0% Finance
Adm
inistration 1,793,380 1,391,911 - 1,391,911 401,469 77.6% Total 1,793,380 1,391,911 - 1,391,911 401,469 77.6% Planning & Environmental Review
Administration 436,300 402,174 - 402,174 34,126 92.2% Current Planning 2,031,111 1,558,781 13,103 1,571,884 459,227 77.4% Building & Safety 664,085 532,644 - 532,644 131,441 80.2% Advanced Planning 1,059,422 625,026 - 625,026 434,396 59.0% Planning Commission 54,400 20,460 - 20,460 33,941 37.6% Sustainability Program 453,233 324,642 - 324,642 128,591 71.6% Housing Program 256,100 186,827 - 186,827 69,273 73.0% Total 4,954,651 3,650,553 13,103 3,663,656 1,290,995 73.9% Public Works
Administration 891,200 871,175 - 871,175 20,025 97.8% Engineering Services 4,074,767 1,569,954 - 1,569,954 2,504,813 38.5% Facility Maintenance - 545 - 545 (545) #DIV/0! Parks & Open Spaces 2,031,619 1,580,162 - 1,580,162 451,457 77.8% Capital Improvement Program 1,779,853 869,464 - 869,464 910,389 48.9% Street Lighting 33,700 32,229 - 32,229 1,471 95.6% Traffic Ops & Maintenance 563,800 110,287 - 110,287 453,513 19.6% Street Maintenance 6,010,681 4,210,058 - 4,210,058 1,800,623 70.0% Solid Waste and Environmen - - - - - Total 15,385,619 9,243,873 - 9,243,873 6,141,746 60.1% Neighborhood Services
Neighborhood Services 1,211,834 1,060,768 - 1,060,768 151,066 87.5% Homelessness 504,600 358,288 - 358,288 146,312 71.0% Economic Development 179,643 179,643 - 179,643 - 100.0% Parks & Recreation 730,665 642,121 - 642,121 88,543 87.9% Parks & Recreation 99,892 - - - 99,892 0.0% Total 2,726,634 2,240,820 - 2,240,820 485,814 82.2% Public Safety
Public Safety 9,766,000 9,157,530 - 9,157,530 608,470 93.8% Total 9,766,000 9,157,530 - 9,157,530 608,470 93.8% Non-Departmental
Debit Service 1,827,600 1,816,073 - 1,816,073 11,527 99.4% Non-Departmental 20,000 24,023 - 24,023 (4,023) 120.1% Total 1,847,600 1,840,096 - 1,840,096 7,504 99.6% Capital Improvement Projects
Capital Improvement Projects 9,716,689 1,130,063 - 1,130,063 8,586,626 11.6% Total 9,716,689 1,130,063 - 1,130,063 8,586,626 11.6% TOTAL EXPENDITURES 56,733,194 37,938,780 13,103 37,951,883 18,781,312 66.9%
NET REVENUES OVER
EXPENDITURES (21,101,385) 389,454
BEGINNING FUND BALANCE 39,268,940 39,268,940
ENDING FUND BALANCE 18,167,555 39,658,394
20 ATTACHMENT 3:
Interim Revenue and Expenditure Summary By Fund
21 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2023
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 36,041,100 35,631,809 - 35,631,809 38,328,234 - 38,328,234 107.6% Expenditures 44,075,303 56,733,194 (1,050,683) 55,682,511 37,938,780 13,103 37,951,883 66.9% Addition to/(use of) reserves (8,034,203) (21,101,385) 1,050,683 (20,050,702) 389,454 (13,103) 376,351 Beginning Fund Balance 39,268,940 39,268,940 39,268,940 39,268,940 Ending Fund Balance 31,234,737 18,167,555 19,218,238 39,658,394 201 Gas Tax
Revenue 892,266 892,266 - 892,266 856,392 - 856,392 96.0% Expenditures 765,600 2,671,694 - 2,671,694 1,487,532 - 1,487,532 55.7% Addition to/(use of) reserves 126,666 (1,779,428) - (1,779,428) (631,140) - (631,140) Beginning Fund Balance 1,779,457 1,779,457 1,779,457 1,779,457 Ending Fund Balance 1,906,123 29 29 1,148,317 202 Local Transportation
Revenue 28,100 28,100 - 28,100 40,242 - 40,242 143.2% Expenditures - 55,232 - 55,232 - - - 0.0% Addition to/(use of) reserves 28,100 (27,132) - (27,132) 40,242 - 40,242 Beginning Fund Balance 212,617 212,617 212,617 212,617 Ending Fund Balance 240,717 185,485 185,485 252,859 203 RMRA
Revenue 722,119 722,119 - 722,119 690,837 - 690,837 95.7% Expenditures 619,000 1,403,359 - 1,403,359 1,026,433 - 1,026,433 73.1% Addition to/(use of) reserves 103,119 (681,240) - (681,240) (335,596) - (335,596) Beginning Fund Balance 984,941 984,941 984,941 984,941 Ending Fund Balance 1,088,060 303,701 303,701 649,345 205 Measure A
Revenue 2,129,200 2,129,200 - 2,129,200 2,376,965 - 2,376,965 111.6% Expenditures 1,827,000 5,203,459 (470,678) 4,732,781 1,390,160 - 1,390,160 26.7% Addition to/(use of) reserves 302,200 (3,074,259) 470,678 (2,603,581) 986,805 - 986,805 Beginning Fund Balance 4,604,290 4,604,290 4,604,290 4,604,290 Ending Fund Balance 4,906,490 1,530,031 2,000,709 5,591,095 206 M
easure A-Other
Revenue - 2,192,469 - 2,192,469 - - - 0.0% Expenditures 1,263,000 1,601,838 - 1,601,838 145,946 - 145,946 9.1% Addition to/(use of) reserves (1,263,000) 590,631 - 590,631 (145,946) - (145,946) Beginning Fund Balance (590,631) (590,631) (590,631) (590,631) Ending Fund Balance (1,853,631) - - (736,577) 208 County Per Capita - Goleta Library
Revenue 682,612 729,925 - 729,925 732,513 - 732,513 100.4% Expenditures 761,200 761,200 - 761,200 657,424 - 657,424 86.4% Addition to/(use of) reserves (78,588) (31,275) - (31,275) 75,089 - 75,089 Beginning Fund Balance 163,932 163,932 163,932 163,932 Ending Fund Balance 85,344 132,657 132,657 239,021 209 County Per Capita - Buellton Library
Revenue 157,255 157,255 - 157,255 160,629 - 160,629 102.1% Expenditures 135,400 135,400 - 135,400 100,149 - 100,149 74.0% Addition to/(use of) reserves 21,855 21,855 - 21,855 60,480 - 60,480 Beginning Fund Balance 150,003 150,003 150,003 150,003 Ending Fund Balance 171,858 171,858 171,858 210,483 210 County Per Capita - Solvang Library
Revenue 180,468 180,468 - 180,468 178,566 - 178,566 98.9% Expenditures 161,400 161,400 - 161,400 128,606 - 128,606 79.7% Addition to/(use of) reserves 19,068 19,068 - 19,068 49,961 - 49,961 Beginning Fund Balance 131,980 131,980 131,980 131,980 Ending Fund Balance 151,048 151,048 151,048 181,940 211 Solid Waste
Revenue 1,423,800 1,531,405 - 1,531,405 1,574,291 - 1,574,291 102.8% Expenditures 1,515,800 1,895,593 - 1,895,593 1,511,548 - 1,511,548 79.7% Addition to/(use of) reserves (92,000) (364,188) - (364,188) 62,743 - 62,743 Beginning Fund Balance 1,533,333 1,533,333 1,533,333 1,533,333 Ending Fund Balance 1,441,333 1,169,145 1,169,145 1,596,076 Page "1
22 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2023
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
212 Public Safety Donations
Revenue - - - - (17,870) - (17,870) 0.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - (17,870) - (17,870) Beginning Fund Balance 29,618 29,618 29,618 29,618 Ending Fund Balance 29,618 29,618 29,618 11,748 213 Buellton Library
Revenue 195,479 195,479 - 195,479 197,984 - 197,984 101.3% Expenditures 216,900 216,900 - 216,900 215,690 - 215,690 99.4% Addition to/(use of) reserves (21,421) (21,421) - (21,421) (17,706) - (17,706) Beginning Fund Balance 43,036 43,036 43,036 43,036 Ending Fund Balance 21,615 21,615 21,615 25,330 214 Solvang Library
Revenue 197,555 197,555 - 197,555 196,087 - 196,087 99.3% Expenditures 224,800 224,800 - 224,800 229,276 - 229,276 102.0% Addition to/(use of) reserves (27,245) (27,245) - (27,245) (33,189) - (33,189) Beginning Fund Balance 21,817 21,817 21,817 21,817 Ending Fund Balance (5,428) (5,428) (5,428) (11,372) 217 Community Center
Revenue 124,590 174,590 99,474 274,064 168,628 - 168,628 96.6% Expenditures 501,800 601,300 - 601,300 268,102 - 268,102 44.6% Addition to/(use of) reserves (377,210) (426,710) 99,474 (327,236) (99,474) - (99,474) Beginning Fund Balance - - - - Ending Fund Balance (377,210) (426,710) (327,236) (99,474) 220 GTIP
Revenue 2,016,700 2,016,700 - 2,016,700 275,217 - 275,217 13.6% Expenditures 3,291,416 18,441,436 (1,799,171) 16,642,265 3,121,680 - 3,121,680 16.9% Addition to/(use of) reserves (1,274,716) (16,424,736) 1,799,171 (14,625,565) (2,846,463) - (2,846,463) Beginning Fund Balance 13,579,984 13,579,984 13,579,984 13,579,984 Ending Fund Balance 12,305,268 (2,844,752) (1,045,581) 10,733,520 221 Parks DIF
Revenue 90,000 90,000 - 90,000 180,515 - 180,515 200.6% Expenditures 1,120,000 7,007,266 - 7,007,266 350,713 - 350,713 5.0% Addition to/(use of) reserves (1,030,000) (6,917,266) - (6,917,266) (170,198) - (170,198) Beginning Fund Balance 8,436,144 8,436,144 8,436,144 8,436,144 Ending Fund Balance 7,406,144 1,518,877 1,518,877 8,265,945 222 Public Facilities DIF
Revenue 17,800 17,800 - 17,800 (770) - (770) -4.3% Expenditures - 17,030 - 17,030 - - - 0.0% Addition to/(use of) reserves 17,800 770 - 770 (770) - (770) Beginning Fund Balance (1,639) (1,639) (1,639) (1,639) Ending Fund Balance 16,161 (869) (869) (2,409) 223 Library DIF
Revenue 5,000 5,000 - 5,000 5,015 - 5,015 100.3% Expenditures 184,000 184,000 - 184,000 57,854 - 57,854 31.4% Addition to/(use of) reserves (179,000) (179,000) - (179,000) (52,839) - (52,839) Beginning Fund Balance 220,719 220,719 220,719 220,719 Ending Fund Balance 41,719 41,719 41,719 167,880 224 Sheriff Facilities DIF
Revenue 300 300 - 300 2,917 - 2,917 972.4% Expenditures - 70,281 - 70,281 - - - 0.0% Addition to/(use of) reserves 300 (69,981) - (69,981) 2,917 - 2,917 Beginning Fund Balance 139,502 139,502 139,502 139,502 Ending Fund Balance 139,802 69,521 69,521 142,419 225 Housing in Lieu
Revenue 6,000 6,000 - 6,000 26,356 - 26,356 439.3% Expenditures 25,000 25,000 - 25,000 25,000 - 25,000 100.0% Addition to/(use of) reserves (19,000) (19,000) - (19,000) 1,356 - 1,356 Beginning Fund Balance 1,250,001 1,250,001 1,250,001 1,250,001 Ending Fund Balance 1,231,001 1,231,001 1,231,001 1,251,357 226 Environmental Programs
Revenue 500 500 - 500 3,580 - 3,580 716.0% Expenditures 9,400 9,400 - 9,400 - - - 0.0% Addition to/(use of) reserves (8,900) (8,900) - (8,900) 3,580 - 3,580 Beginning Fund Balance 171,202 171,202 171,202 171,202 Ending Fund Balance 162,302 162,302 162,302 174,782 Page "2
23 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2023
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
229 Fire DIF
Revenue 52,300 52,300 - 52,300 71,759 - 71,759 137.2% Expenditures - 4,842,367 - 4,842,367 7,229 - 7,229 0.1% Addition to/(use of) reserves 52,300 (4,790,067) - (4,790,067) 64,530 - 64,530 Beginning Fund Balance 3,387,651 3,387,651 3,387,651 3,387,651 Ending Fund Balance 3,439,951 (1,402,416) (1,402,416) 3,452,181 230 Long Range Development Plan (LRDP)
Revenue - 3,318,514 - 3,318,514 368 - 368 0.0% Expenditures - 3,318,514 - 3,318,514 116,938 - 116,938 3.5% Addition to/(use of) reserves - - - - (116,569) - (116,569) Beginning Fund Balance 160,196 160,196 160,196 160,196 Ending Fund Balance 160,196 160,196 160,196 43,626 231 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 100,000 849,514 - 849,514 - - - 0.0% Expenditures 100,000 723,951 - 723,951 151,511 - 151,511 20.9% Addition to/(use of) reserves - 125,563 - 125,563 (151,511) - (151,511) Beginning Fund Balance (125,563) (125,563) (125,563) (125,563) Ending Fund Balance (125,563) - - (277,075) 233 OBF-SCE
Revenue - 503,201 - 503,201 - - - 100.0% Expenditures - (131,411) - (131,411) (131,411) - (131,411) 20.7% Addition to/(use of) reserves - 634,612 - 634,612 131,411 - 131,411 Beginning Fund Balance (3,201) (3,201) (3,201) (3,201) Ending Fund Balance (3,201) 631,411 631,411 128,210 234 Storm Drain Facilities
Revenue 72,700 72,700 - 72,700 10,574 - 10,574 14.5% Expenditures 550,000 600,000 - 600,000 26,413 - 26,413 4.4% Addition to/(use of) reserves (477,300) (527,300) - (527,300) (15,839) - (15,839) Beginning Fund Balance 532,103 532,103 532,103 532,103 Ending Fund Balance 54,803 4,803 4,803 516,264 235 Bicycle & Pedestrian Facilities
Revenue 14,400 14,400 - 14,400 2,731 - 2,731 0.0% Expenditures - - - - - - - 19.0% Addition to/(use of) reserves 14,400 14,400 - 14,400 2,731 - 2,731 Beginning Fund Balance 221,676 221,676 221,676 221,676 Ending Fund Balance 236,076 236,076 236,076 224,407 236 Misc Grants Library
Revenue - 15,628 - 15,628 17,778 - 17,778 113.8% Expenditures - 56,480 - 56,480 23,807 - 23,807 42.2% Addition to/(use of) reserves - (40,852) - (40,852) (6,029) - (6,029) Beginning Fund Balance 40,852 40,852 40,852 40,852 Ending Fund Balance 40,852 - - 34,823 237 Local Grants
Revenue - 61,333 - 61,333 - - - 0.0% Expenditures - 555 - 555 - - - 0.0% Addition to/(use of) reserves - 60,778 - 60,778 - - - Beginning Fund Balance (60,778) (60,778) (60,778) (60,778) Ending Fund Balance (60,778) - - (60,778) 238 Non-Residential Affordable Housing DIF
Revenue 84,200 84,200 - 84,200 6,359 - 6,359 7.6% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves 84,200 84,200 - 84,200 6,359 - 6,359 Beginning Fund Balance - - - - Ending Fund Balance 84,200 84,200 84,200 6,359 Page "3
24 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2023
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
301 State Park Grant
Revenue 177,952 177,952 - 177,952 - - - 0.0% Expenditures 177,952 177,952 - 177,952 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - 302 Public Safety Fund COPS
Revenue 156,700 165,271 - 165,271 165,271 - 165,271 100.0% Expenditures 156,700 165,271 - 165,271 165,271 - 165,271 100.0% Addition to/(use of) reserves - - - - (0) - (0) Beginning Fund Balance - - - - Ending Fund Balance - - - (0) 304 Solid Waste Fund Recycle
Revenue 8,000 54,605 - 54,605 46,605 - 46,605 85.3% Expenditures 8,200 54,805 - 54,805 18,289 - 18,289 33.4% Addition to/(use of) reserves (200) (200) - (200) 28,316 - 28,316 Beginning Fund Balance 39,334 39,334 39,334 39,334 Ending Fund Balance 39,134 39,134 39,134 67,650 305 RSTP State Grant
Revenue - 565,315 - 565,315 - - - 0.0% Expenditures - (64,994) - (64,994) (75,145) - (75,145) 115.6% Addition to/(use of) reserves - 630,309 - 630,309 75,145 - 75,145 Beginning Fund Balance (495,495) (495,495) (495,495) (495,495) Ending Fund Balance (495,495) 134,814 134,814 (420,350) 306 LSTP
Revenue 119,117 603,109 - 603,109 - - - 0.0% Expenditures 119,117 415,732 - 415,732 33,207 - 33,207 8.0% Addition to/(use of) reserves - 187,377 - 187,377 (33,207) - (33,207) Beginning Fund Balance (186,933) (186,933) (186,933) (186,933) Ending Fund Balance (186,933) 444 444 (220,140) 308 STIP
Revenue - 11,386,694 - 11,386,694 - - - 0.0% Expenditures - 11,372,000 - 11,372,000 23,536 - 23,536 0.2% Addition to/(use of) reserves - 14,694 - 14,694 (23,536) - (23,536) Beginning Fund Balance (4,309) (4,309) (4,309) (4,309) Ending Fund Balance (4,309) 10,385 10,385 (27,845) 310 CAL FIRE GRANT
Revenue - 1,708,872 - 1,708,872 - - - 0.0% Expenditures - 1,708,872 - 1,708,872 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - 311 Misc. Grants
Revenue - 538,500 - 538,500 316,265 - 316,265 58.7% Expenditures - 547,935 - 547,935 114,671 - 114,671 20.9% Addition to/(use of) reserves - (9,435) - (9,435) 201,594 - 201,594 Beginning Fund Balance 9,465 9,465 9,465 9,465 Ending Fund Balance 9,465 30 30 211,059 317 SSARP Grant
Revenue - 53,000 - 53,000 - - - 0.0% Expenditures - 3,596 - 3,596 4,078 - 4,078 113.4% Addition to/(use of) reserves - 49,404 - 49,404 (4,078) - (4,078) Beginning Fund Balance (49,404) (49,404) (49,404) (49,404) Ending Fund Balance (49,404) - - (53,482) 318 Active Transportation Program - State
Revenue 650,000 3,359,000 - 3,359,000 - - - 0.0% Expenditures 650,000 3,344,245 - 3,344,245 - - - 0.0% Addition to/(use of) reserves - 14,755 - 14,755 - - - Beginning Fund Balance (14,755) (14,755) (14,755) (14,755) Ending Fund Balance (14,755) 0 0 (14,755) 319 Housing & Community Development State Fund
Revenue - 233,654 - 233,654 25,123 - 25,123 10.8% Expenditures - 180,322 - 180,322 110,164 - 110,164 61.1% Addition to/(use of) reserves - 53,331 - 53,331 (85,041) - (85,041) Beginning Fund Balance (53,331) (53,331) (53,331) (53,331) Ending Fund Balance (53,331) - - (138,372) Page "4
25 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2023
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
320 Cal OES
Revenue - (14,231) - (14,231) - - - 0.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - (14,231) - (14,231) - - - Beginning Fund Balance 14,231 14,231 14,231 14,231 Ending Fund Balance 14,231 - - 14,231 321 TIRCP
Revenue 9,681,877 10,739,773 - 10,739,773 599,593 - 599,593 Expenditures 9,681,877 10,478,711 - 10,478,711 707,247 - 707,247 6.7% Addition to/(use of) reserves - 261,062 - 261,062 (107,654) - (107,654) -41.2% Beginning Fund Balance (230,458) (230,458) (230,458) (230,458) Ending Fund Balance (230,458) 30,604 30,604 (338,112) 322 MBHMP
Revenue - 3,975,000 - 3,975,000 294,787 - 294,787 Expenditures 75,000 3,399,124 - 3,399,124 951,843 - 951,843 28.0% Addition to/(use of) reserves (75,000) 575,876 - 575,876 (657,056) - (657,056) -114.1% Beginning Fund Balance (592,760) (592,760) (592,760) (592,760) E
nding Fund Balance (667,760) (16,884) (16,884) (1,249,816) 323 Cal OES PSPS Grant
Revenue - - - - - - - Expenditures - 29,770 - 29,770 24,249 - 24,249 81.5% Addition to/(use of) reserves - (29,770) - (29,770) (24,249) - (24,249) 81.5% Beginning Fund Balance 29,770 29,770 29,770 29,770 Ending Fund Balance 29,770 - - 5,521 324 California Planning Program Grant
Revenue - 114,881 - 114,881 107,790 - 107,790 Expenditures - 7,091 - 7,091 - - - 0.0% Addition to/(use of) reserves - 107,790 - 107,790 107,790 - 107,790 100.0% Beginning Fund Balance (107,790) (107,790) (107,790) (107,790) Ending Fund Balance (107,790) - - - 325 Isla Vista Library Grant
Revenue - - - - - - - Expenditures - 51,870 - 51,870 84,500 - 84,500 162.9% Addition to/(use of) reserves - (51,870) - (51,870) (84,500) - (84,500) 162.9% Beginning Fund Balance 51,870 51,870 51,870 51,870 Ending Fund Balance 51,870 - - (32,629) 401 HBP
Revenue 1,668,000 15,478,056 - 15,478,056 230,098 - 230,098 1.5% Expenditures 1,668,000 15,374,643 - 15,374,643 599,721 - 599,721 3.9% Addition to/(use of) reserves - 103,413 - 103,413 (369,623) - (369,623) Beginning Fund Balance (103,412) (103,412) (103,412) (103,412) Ending Fund Balance (103,412) 0 0 (473,035) 402 CDBG
Revenue 353,279 995,374 - 995,374 198,594 - 198,594 20.0% Expenditures 593,072 995,374 - 995,374 209,949 - 209,949 21.1% Addition to/(use of) reserves (239,793) - - - (11,355) - (11,355) Beginning Fund Balance - - - - Ending Fund Balance (239,793) - - (11,355) 409 OTS
Revenue - 3,972 - 3,972 - - - 0.0% Expenditures - (565) - (565) (565) - (565) 100.0% Addition to/(use of) reserves - 4,537 - 4,537 565 - 565 Beginning Fund Balance (4,537) (4,537) (4,537) (4,537) Ending Fund Balance (4,537) - - (3,972) 417 HSIP Hwy Safety Imp.
Revenue 2,739,500 3,120,100 - 3,120,100 - - - 0.0% Expenditures 2,739,500 3,120,100 - 3,120,100 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance 5,636 5,636 5,636 5,636 Ending Fund Balance 5,636 5,636 5,636 5,636 419 TIGER
Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - Page "5
26 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2023
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
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 - 3,858,620 - 3,858,620 - - - 0.0% Expenditures - 3,853,060 - 3,853,060 1,270,296 - 1,270,296 33.0% Addition to/(use of) reserves - 5,560 - 5,560 (1,270,296) - (1,270,296) Beginning Fund Balance (5,560) (5,560) (5,560) (5,560) Ending Fund Balance (5,560) 0 0 (1,275,856) 423 Coronavirus State & Local Fiscal Recovery Funds
Revenue 2,966,995 5,933,990 - 5,933,990 - - - 0.0% Expenditures 5,783,990 5,783,990 - 5,783,990 825,000 - 825,000 14.3% Addition to/(use of) reserves (2,816,995) 150,000 - 150,000 (825,000) - (825,000) Beginning Fund Balance - - - - E
nding Fund Balance (2,816,995) 150,000 150,000 (825,000) 424 Community Project Funding HMGP
Revenue - 3,000,000 - 3,000,000 - - - 0.0% Expenditures - 3,000,000 - 3,000,000 - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - Ending Fund Balance - - - - 501 Library Services
Revenue 560,600 560,600 - 560,600 574,365 - 574,365 102.5% Expenditures 673,500 673,500 - 673,500 582,363 - 582,363 86.5% Addition to/(use of) reserves (112,900) (112,900) - (112,900) (7,998) - (7,998) Beginning Fund Balance 896,723 896,723 896,723 896,723 Ending Fund Balance 783,823 783,823 783,823 888,726 502 Street Lighting
Revenue 306,000 306,000 - 306,000 309,413 - 309,413 101.1% Expenditures 305,500 333,637 - 333,637 229,617 - 229,617 68.8% Addition to/(use of) reserves 500 (27,637) - (27,637) 79,795 - 79,795 Beginning Fund Balance 190,727 190,727 190,727 190,727 Ending Fund Balance 191,227 163,090 163,090 270,522 503 PEG
Revenue 71,000 71,000 - 71,000 60,333 - 60,333 85.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves 71,000 71,000 - 71,000 60,333 - 60,333 Beginning Fund Balance 177,574 177,574 177,574 177,574 Ending Fund Balance 248,574 248,574 248,574 237,907 504 CASp Cert and Training
Revenue 100 100 - 100 630 - 630 629.8% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves 100 100 - 100 630 - 630 Beginning Fund Balance 532 532 532 532 Ending Fund Balance 632 632 632 1,162 605 RDA Successor-NonHousing
Revenue 1,151,844 1,151,844 - 1,151,844 1,183,233 - 1,183,233 102.7% Expenditures 1,225,788 1,225,788 - 1,225,788 1,109,603 - 1,109,603 90.5% Addition to/(use of) reserves (73,944) (73,944) - (73,944) 73,630 - 73,630 Beginning Fund Balance (8,733,803) (8,733,803) (8,733,803) (8,733,803) Ending Fund Balance (8,807,747) (8,807,747) (8,807,747) (8,660,173) 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 3,213 - 3,213 160.6% Expenditures 2,000 2,000 - 2,000 - - - 0.0% Addition to/(use of) reserves - - - - 3,213 - 3,213 Beginning Fund Balance - - - - Ending Fund Balance - - - 3,213 Page "6
27 City of Goleta
Interim Statement of Revenues and Expenditures - Summary by Fund For the Quarter Ended June 30, 2023
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
702 Section 115 Trust - Pension
Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance 153,548 153,548 153,548 153,548 Ending Fund Balance 153,548 153,548 153,548 153,548 703 Section 115 Trust - OPEB
Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance 301,225 301,225 301,225 301,225 Ending Fund Balance 301,225 301,225 301,225 301,225 801 Developer Deposit
Revenue - - - - - - - 0.0% Expenditures - - - - - - - 0.0% Addition to/(use of) reserves - - - - - - - Beginning Fund Balance - - - - End
ing Fund Balance - - - -
TOTAL FOR ALL FUNDS
Revenue 65,848,908 120,103,026 99,474 120,202,500 50,201,210 50,201,210 41.8% Expenditures 81,207,215 173,421,814 (3,320,532) 170,101,282 55,837,272 13,103 55,850,375 32.2% Addition to/(use of) reserves (15,358,307) (53,318,789) 3,420,006 (49,898,782) (5,636,062) 13,103 (5,649,165) Beginning Fund Balance 68,243,537 68,243,537 68,243,537 68,243,537 Ending Fund Balance 52,885,230 14,924,748 18,344,754 62,607,475 Page "7
28 ATTACHMENT 4:
Capital Improvement Program (CIP) Expenditure Summary
29 City of Goleta
Capital Improvement Program (CIP) Expenditure Summary
For the Quarter Ended June 30, 2023
Attachment 4
Project No. & Description Current Budget Activity Encumbrances Remaining Budget
9001 Hollister Avenue Redesign $ 602,931 $ - $ - $ 602,931 9002 Ekwill Street & Fowler Extension $ 21,435,786 $1,203,215 $ - $ 20,232,571 9006 Capital Improvement Projects - Neighborhood Srvs $ 7,039,685 $1,487,927 $ - $ 5,551,759 9007 San Jose Creek Bike Path - Middle Segment $ 1,028,637 $ 189,901 $ - $ 838,736 9024 Ellwood Mesa $ 1,760 $ 213 $ - $ 1,547 9025 Fire Station No. 10 $ 5,836,318 $ 158,740 $ - $ 5,677,578 9027 101 Overpass $ 1,182,914 $ 7,547 $ - $ 1,175,367 9031 Old Town Sidewalk Improvement $ 392,706 $ - $ - $ 392,706 9033 Hollister Avenue Bridge Replacement (SJC Phase II) $ 18,550,290 $ 766,434 $ - $ 17,783,856 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 $ 940,951 $ - $ - $ 940,951 9045 Los Carneros Rd Interchange SB 101 Onramp $ 8,885 $ - $ - $ 8,885 9053 Cathedral Oaks Cribwall Interim Repair $ 7,303,158 $ 60,220 $ - $ 7,242,938 9056 LED Street Lighting Project $ 196,159 $ 106,152 $ - $ 90,007 9058 Hollister Avenue Crosswalk Enhancement-Chapel Str 92,787$ - $ -$ 92,787$ 9062 Storke Road Medians $ 746,247 $ 124,894 $ - $ 621,352 9063 Evergreen Park Restroom $ 258,506 $ - $ - $ 258,506 9065 Reclaimed Water Service to Bella Vista Park $ 204,141 $ - $ - $ 204,141 9066 Miscellaneous Park Improvements $ 35,731 $ 13,442 $ - $ 22,289 9067 Goleta Community Center Seismic Upgrades $ 7,963,988 $1,873,629 $ - $ 6,090,358 9069 Miscellaneous Facilities Improvements $ 10 $ - $ - $ 10 9070 Fairview Ave at Calle Real/101 Sidewalk Infill $ 24,001 $ - $ - $ 24,001 9071 Improvements to Athletic Field @ GCC $ 31,163 $ 3,245 $ - $ 27,918 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 $ 887,825 $ 104,067 $ - $ 783,758 9078 Rancho La Patera Improvements $ 648,304 $ - $ - $ 648,304 9079 Goleta Train Depot & S. La Patera Improvements $ 10,495,840 $ 707,247 $ - $ 9,788,593 9080 Electrical Utility Undergrounding $ 9 $ - $ - $ 9 9083 Signal Upgrades $ 3,215,100 $ 216 $ - $ 3,214,884 9084 Community Garden $ 2,045,154 $ 197,630 $ - $ 1,847,524 9085 Old Town Goleta Drainage Stud
y $ 200,000 $ - $ - $ 200,000 9086 Vision Zero Plan $ 10,000 $ - $ - $ 10,000 9087 Mid-Block Crossing on Calle Real/Encina (HAWK) $ 106,555 $ 38,058 $ - $ 68,497 9088 RRFB Improvements at School Crosswalks $ 127,608 $ 60,094 $ - $ 67,514 9089 Goleta Traffic Safety Study (GTSS) $ 49,895 $ 4,078 $ - $ 45,817 9093 San Miguel Park Improvements $ 245,000 $ - $ - $ 245,000 9094 Santa Barbara Shores Park Improvements $ 180,000 $ - $ - $ 180,000 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 $ 799,616 $ 219,890 $ - $ 579,726 9100 Fairview Ave and Hollister Ave Roundabou
t $ 520,000 $ - $ - $ 520,000 9101 City Hall Purchase & Improvements $ 70,291 $ - $ - $ 70,291 9102 Storke Road Corridor Stud
y $ 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 9106 Phelps Ditch Flood Control Channel Trash Control $ 50,000 $ - $ - $ 50,000 9107 Old Town S Fairview Av High Flow Trash Capture D $ 350,000 $ 26,413 $ - $ 323,587 9108 Winchester II Park $ 59,641 $ - $ - $ 59,641 9110 Hollister Ave Class 1 Bike Path Lighting $ 679,615 $ 23,291 $ - $ 656,324 9111 Jonny D. Wallis Park Phase 2 - Splash Pad $ 2,311,722 $ 32,329 $ - $ 2,279,394 9112 Ellwood Mesa/Sperling Preserve Open Space Plan $ 3,324,124 $ 951,478 $ - $ 2,372,647 9113 Mathilda Park Improvements $ 511,981 $ 2,001 $ - $ 509,981 9114 Hollister Ave Old Town Interim Striping Project $ 700,761 $ 69,216 $ - $ 631,546 9115 Public Works Corp Yard Repairs $ 600,000 $ 29,679 $ - $ 570,321 9116 Pickleball Courts $ 100,000 $ - $ - $ 100,000 9117 San Jose Creek Channel Fish Passage Modification $ 1,264,347 $ 176,906 $ - $ 1,087,441 9118 Ellwood Coastal Trails & Habitat Restoration $ 283,500 $ 365 $ - $ 283,135 9119 Ellwood Beach Drive Drainage $ 193,000 $ 8,641 $ - $ 184,359 9120 Evergreen Park Drainage Repair $ 52,300 $ 3,328 $ - $ 48,972 9121 Goleta Community Center ADA Improvements $ 3,912,746 $ 146,671 $ - $ 3,766,075 9807 Goleta Prepare Now Grant $ 9,435 $ 8,916 $ - $ 519 9901 MIS/ERP System Implementation $ 349,272 $ - $ - $ 349,272 Grand Total $ 109,360,169 $8,806,071 $ - $ 100,554,098 30 ATTACHMENT 5:
Resolution Amending the City's Operating & CIP Budget for Fiscal Year 2022/23
31 Attachment 5
RESOLUTION NO. 23-___
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GOLETA, CALIFORNIA , AMENDING THE CITY OF GOLETA
OPERATING AND CIP BUDGET FOR FISCAL YEAR 2022/23.
WHEREAS, the City Council of the City of Goleta adopted the Operating Budget and Capital Improvement Program for Fiscal Year 2022/23 on June 21, 2022; and
WHEREAS, the City Manager has proposed a budget adjustment as described in the Council report dated September 19, 202 3 for Fiscal Year 2022/23 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, 2023 and does hereby find the recommendation to be necessary and in the City’s best interest; and
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 2022/23 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 19th day of September, 2023.
__________________________
PAULA PEROTTE, MAYOR
ATTEST: APPROVED AS TO FORM:
_____________________________ ___________________________ DEBORAH S. LOPEZ MEGAN GARIBALDI
CITY CLERK CITY ATTORNEY
32 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. 23-___ was duly adopted by the City Council of the City of Goleta at a regular meeting held on the 19th day of September, 2023, by the following vote of the Council:
AYES:
NOES:
ABSENT:
(SEAL)
_________________________
DEBORAH S. LOPEZ
CITY CLERK
33 Schedule of FY 2022/23
4th QTR Adjustments - Revenues
Exhibit A
Program/Project
Name Fund Proj Object Account Code Requests Account Name FY 2022/23
Current
Budget
FY 2022/23
Actuals
FY 2021/22
Budget
Balance
Type of
Request
FY 2022/23
Amended Budget
FY 2022/23
Adjusted
Budget
Balance
Goleta Community
Center 217 6510 49000 17-60-6510-4900 99,474.41 Transfers In from General Fund - - - Cleanup 99,474.41 99,474.41 Ellwood
Mesa/Sperling 322 9112 44400
22-90-9112-4440 75,000.00 Grant Proceeds -
State 3,900,000.00 294,786.99 3,605,213.01 Transfer 3,975,000.00 3,680,213.01 Ellwood Coastal
Trails & Habitat 322 9118 44400
22-90-9118-4440 (75,000.00) Grant Proceeds -
State 75,000.00 - 75,000.00 Transfer - - Total 99,474.41$
34 Schedule of FY 2022/23
4th QTR Adjustments - Expenditures
Exhibit A
Program/Project
Name Fund Department Program Subcategory Account Code
Appropriation/
Transfer
Requests
Account Name FY 2022/23
Current Budget
FY 2022/23
Actuals
FY 2022/23
Encumbrance
FY 2022/23
Budget
Balance
Type of
Request
FY 2022/23
Amended
Budget
FY 2022/23
Adjusted Budget
Balance
Frequency
Hollister Avenue
Crosswalk
Enhancement-
Chapel Str
101 90 Capital Improvement
9058 Hollister Avenue
Crosswalk Enhancement-Chapel
Str
5707 Capital Project 101-90-9058-57071 (50,669.35) Construction 50,669.35 - - 50,669.35 Cleanup - - One-Time Goleta Valley
Community Center 101 90 Capital Improvement 9067 Goleta Community Center Seismic Upgrades 5707 Capital Project 101-90-9067-57071 (1,000,000.00) Construction 3,775,208.00 507,708.40 - 3,267,499.60 Cleanup 2,775,208.00 2,267,499.60 One-Time Miscellaneous
Facilities
Improvements
101 90 Capital Improvement 9069 Miscellaneous Facilities Improvements 5707 Capital Project 101-90-9069-57070 (7.62) Design 7.62 - - 7.62 Cleanup - - One-Time Miscellaneous
Facilities
Improvements
101 90 Capital Improvement 9069 Miscellaneous Facilities Improvements 5707 Capital Project 101-90-9069-57071 (2.39) Construction 2.39 - - 2.39 Cleanup - - One-Time Crosswalk at S.
Kellogg Avenue 101 90 Capital Improvement 9098 Crosswalk at S. Kellogg Avenue 5707 Capital Project 101-90-9098-57070 (3.78) Design 3.78 - - 3.78 Cleanup - - One-Time Hollister Avenue
Redesign 205 90 Capital Improvement 9001 Hollister Avenue Redesign 5707 Capital Project 205-90-9001-57070 (24,346.25) Design 24,346.25 - - 24,346.25 Transfer - - One-Time Old Town Sidewalk
Improvement 205
90 Capital Improvement 9031 Old Town Sidewalk
Improvement 5701 Machinery & Equipment 205-90-9031-57010 (2,742.16) Machinery & Equipment 2,742.16 - - 2,742.16 Cleanup - - One-Time Old Town Sidewalk
Improvement 205 90 Capital Improvement 9031 Old Town Sidewalk Improvement 5705 Land 205-90-9031-57050 (5,641.25) Land Acquisition 5,641.25 - - 5,641.25 Cleanup - - One-Time Old Town Sidewalk
Improvement 205 90 Capital Improvement 9031 Old Town Sidewalk Improvement 5707 Capital Project 205-90-9031-57070 (60,708.70) Design 60,708.70 - - 60,708.70 Cleanup - - One-Time Old Town Sidewalk
Improvement 205 90 Capital Improvement 9031 Old Town Sidewalk Improvement 5707 Capital Project 205-90-9031-57071 (237,212.93) Construction 237,212.93 - - 237,212.93 Cleanup - - One-Time Hollister Avenue
Crosswalk
Enhancement-
Chapel Str
205 90 Capital Improvement
9058 Hollister Avenue
Crosswalk Enhancement-Chapel
Str
5707 Capital Project 205-90-9058-57071 (42,117.84) Construction 42,117.84 - - 42,117.84 Cleanup - - One-Time Fairview Ave at
Calle Real/101
Sidewalk Infill
205 90 Capital Improvement 9070 Fairview Ave at Calle
Real/101 Sidewalk Infill 5707 Capital Project 205-90-9070-57071 (18,325.97) Construction 18,325.97 - - 18,325.97 Cleanup - - One-Time Crosswalk at S.
Kellogg Avenue 205 90 Capital Improvement 9098 Crosswalk at S. Kellogg Avenue 5707 Capital Project 205-90-9098-57071 (29,979.35) Construction 29,979.35 - - 29,979.35 Cleanup - - One-Time Storke Road
Corridor Study 205 90 Capital Improvement 9102 Storke Road Corridor Study 5707 Capital Project 205-90-9102-57070 (54,000.00) Design 54,000.00 - - 54,000.00 Cleanup - - One-Time Citywide School
Zone Signage &
Striping Evaluation
205 90 Capital Improvement 9103 Citywide School Zone
Signage & Striping Evaluation 5707 Capital Project 205-90-9103-57070 (19,950.00) Design 19,950.00 - - 19,950.00 Cleanup - - One-Time Hollister Ave Class
1 Bike Path
Lighting
205 90 Capital Improvement 9110 Hollister Ave Class 1 Bike Path Lighting 5707 Capital Project 205-90-9110-57071 24,346.25 Construction 218,328.00 - - 218,328.00 Transfer 242,674.25 242,674.25 One-Time Hollister Avenue
Redesign 220 90 Capital Improvement 9001 Hollister Avenue Redesign 5707 Capital Project 220-90-9001-57070 (238,085.11) Design 238,085.11 - - 238,085.11 Transfer - - One-Time Ekwill Street &
Fowler Extension 220 90 Capital Improvement 9002 Ekwill Street & Fowler Extension 5707 Capital Project 220-90-9002-57071 238,085.11 Construction 5,525,648.00 157,301.91 - 5,368,346.09 Transfer 5,763,733.11 5,606,431.20 One-Time 101 Overpass 220 90 Capital Improvement 9027 101 Overpass 5707 Capital Project 220-90-9027-57070 (1,127,564.26) Design 1,182,914.26 7,547.10 - 1,175,367.16 Cleanup 55,350.00 47,802.90 One-Time Old Town Sidewalk
Improvement 220 90 Capital Improvement 9031 Old Town Sidewalk Improvement 5707 Capital Project 220-90-9031-57070 (1,950.51) Design 1,950.51 - - 1,950.51 Cleanup - - One-Time Old Town Sidewalk
Improvement 220 90 Capital Improvement 9031 Old Town Sidewalk Improvement 5707 Capital Project 220-90-9031-57071 (59,205.38) Construction 59,205.38 - - 59,205.38 Cleanup - - One-Time Fairview Ave at
Calle Real/101
Sidewalk Infill
220 90 Capital Improvement 9070 Fairview Ave at Calle
Real/101 Sidewalk Infill 5707 Capital Project 220-90-9070-57070 (5,675.52) Design 5,675.52 - - 5,675.52 Cleanup - - One-Time Fairview Ave and
Hollister Ave
R
oundabout
220 90 Capital Improvement 9100 Fairview Ave and Hollister Ave Roundabout 5707 Capital Project 220-90-9100-57070 (520,000.00) Design 520,000.00 - - 520,000.00 Cleanup - - One-Time Storke Road
Corridor Study 220 90 Capital Improvement 9102 Storke Road Corridor Study 5707 Capital Project 220-90-9102-57070 (84,775.00) Design 84,775.00 - - 84,775.00 Cleanup - - One-Time Hollister Avenue
Redesign 230 90 Capital Improvement 9001 Hollister Avenue Redesign 5707 Capital Project 230-90-9001-57070 (340,500.00) Design 340,500.00 - - 340,500.00 Transfer - - One-Time Ekwill Street &
Fowler Extension 230 90 Capital Improvement 9002 Ekwill Street & Fowler Extension 5707 Capital Project 230-90-9002-57071 340,500.00 Construction 1,821,577.00 11,612.69 - 1,809,964.31 Transfer 2,162,077.00 2,150,464.31 One-Time Ellwood
Mesa/Sperling
Preserve Open
Space Plan
322 90 Capital Improvement 9112 Ellwood Mesa/Sperling
Preserve Open Space Plan 5707 Capital Project 322-90-9112-57070 75,000.00 Design 1,734,106.49 951,477.78 - 782,628.71 Transfer 1,809,106.49 857,628.71 One-Time Ellwood Coastal
Trails & Habitat
Restoration
322 90 Capital Improvement 9118 Ellwood Coastal Trails & Habitat Restoration 5707 Capital Project 322-90-9118-57070 (75,000.00) Design 75,000.00 365.00 - 74,635.00 Transfer - (365.00) One-Time Ekwill Street &
Fowler Extension 423 90 Capital Improvement 9002 Ekwill Street & Fowler Extension 5707 Capital Project 423-90-9002-57071 4,933,990.00 Construction - - - - Transfer 4,933,990.00 4,933,990.00 One-Time Cathedral Oaks
Cribwall Interim
Repair
423 90 Capital Improvement 9053 Cathedral Oaks Cribwall Interim Repair 5707 Capital Project 423-90-9053-57071 (4,933,990.00) Construction 4,933,990.00 - - 4,933,990.00 Transfer - - One-Time Total (3,320,532.01)$
35