Grass Valley City Council
June 29, 2023

GRASS VALLEY
Special City Council Meeting
Thursday, June 29, 2023 at 3:30 PM
Council Chambers, Grass Valley City Hall | 125 East Main Street, Grass Valley, California Telephone: (530) 274-4310 – Fax: (530) 274-4399
E-Mail: [email protected] Web Site: www.cityofgrassvalley.com AGENDA
Any person with a disability who requires accommodations to participate in this meeting should telephone the City Clerk’s office at (530)274-4390, at least 48 hours prior to the meeting to make a request for a disability related modification or accommodation.

MEETING NOTICE
City Council welcomes you to attend the meetings electronically or in person at the City Hall Council Chambers, located at 125 E. Main St., Grass Valley, CA 95945. Regular Meetings are scheduled at 7:00 p.m. on the 2nd and 4th Tuesday of each month. Your interest is encouraged and appreciated.

This meeting is being broadcast “live” on Comcast Channel 17 by Nevada County Media, on the internet at www.cityofgrassvalley.com, or on the City of Grass Valley YouTube channel at https://www.youtube.com/channel/UCdAaL-uwdN8iTz8bI7SCuPQ.

Members of the public are encouraged to submit public comments via voicemail at (530) 274-4390 and email to [email protected]. Comments will be reviewed and distributed before the meeting if received by 5pm. Comments received after that will be addressed during the item and/or at the end of the meeting. Council will have the option to modify their action on items based on comments received. Action may be taken on any agenda item.

Agenda materials, staff reports, and background information related to regular agenda items are available on the City’s website: www.cityofgrassvalley.com. Materials related to an item on this agenda submitted to the Council after distribution of the agenda packet will be made available on the City of Grass Valley website at www.cityofgrassvalley.com, subject to City staff’s ability to post the documents before the meeting.

Council Chambers are wheelchair accessible and listening devices are available. Other special accommodations may be requested to the City Clerk 72 hours in advance of the meeting by calling (530) 274-4390, we are happy to accommodate.

CALL TO ORDER

PLEDGE OF ALLEGIANCE

ROLL CALL

City of Grass Valley, CA AGENDA June 29, 2023
AGENDA APPROVAL - The City Council reserves the right to hear items in a different order to accomplish business in the most efficient manner.

REPORT OUT OF CLOSED SESSION

INTRODUCTIONS AND PRESENTATIONS
PUBLIC COMMENT - Members of the public are encouraged to submit public comments via voicemail at (530) 274-4390 and email to [email protected]. Comments will be reviewed and distributed before the meeting if received by 5pm. Comments received after that will be addressed during the item and/or at the end of the meeting. Council will have the option to modify their action on items based on comments received. Action may be taken on any agenda item.

CONSENT ITEMS - All matters listed under the Consent Calendar are to be considered routine by the City Council and/or Grass Valley Redevelopment Agency and will be enacted by one motion in the form listed. There will be no separate discussion of these items unless, before the City Council and/or Grass Valley Redevelopment Agency votes on the motion to adopt, members of the Council and/or Agency, staff or the public request specific items to be removed from the Consent Calendar for separate discussion and action (roll call vote).

1. Appropriations Limit for Fiscal Year 2023-24
CEQA: Not a project.

Recommendation: It is recommended that the City Council, by RESOLUTION, (1) approve Resolution No. 2023-44 establishing the Appropriations Limit for the City of Grass Valley for the Fiscal Year 2023-24.

ITEMS REMOVED FROM CONSENT CALENDAR FOR DISCUSSION OR SEPARATE ACTION AND /

OR ANY ADDED AGENDA ITEMS

PUBLIC HEARING

2. FY 2023-24 Proposed Budget Public Hearing
CEQA: Not a Project
Recommendation: It is recommended that the City Council open Public Hearing and by RESOLUTION, (1) approve Resolution No. 2023-45 approving the Proposed Budget for the City of Grass Valley and the Successor Agency for fiscal year 2023-24.

ADMINISTRATIVE

BRIEF REPORTS BY COUNCIL MEMBERS

ADJOURN

POSTING NOTICE
This is to certify that the above notice of a Special meeting of The City Council, scheduled for Thursday, June 29 2023 at 3:30 PM was posted at city hall, easily accessible to the public, as of 5:00 p.m. Tuesday, June 27, 2023.
________________________
Taylor Day, City Clerk

City of Grass Valley
City Council
Agenda Action Sheet
Title: Appropriations Limit for Fiscal Year 2023-24
CEQA: Not a project.

Recommendation: It is recommended that the City Council, by RESOLUTION, (1) approve Resolution No. 2023-44 establishing the Appropriations Limit for the City of Grass Valley for the Fiscal Year 2023-24.

Prepared by: Andy Heath
Council Meeting Date: 06/29/2023 Date Prepared: 06/17/2023 Agenda: Consent
Discussion:

Each year the City is required to adopt an appropriations limit by resolution. The limit is based on the 1978-79 appropriations “base” adjusted each year by allowed factors.

Under Proposition 111, there are two options available for each of the major adjustment factors. For the price factor, the City can elect to use the percent growth in State per capita personal income or the percent change in assessed valuation in new non-residential construction. For the population factor, the City can elect to use either the percent growth in County population or the percent growth in City population.

For the population factor, the factor used by the City is the percent growth in County population of -0.26 percent. For the price factor, staff has used the percentage change in State per capita income (4.44%) to calculate the limitation, resulting in a price factor of 1.0417.

The population and price factors are multiplied together for a combined factor of

1.0417. The combined factor when applied to the FY 2022-23 limit of $27,049,492 determines the FY 2023-24 limit of $28,177,456.

Based on the City’s FY 2023-24 Proposed Budget, the City is expected to be well under its spending limit by $4,479,436.

Council Goals / Objectives:

Establishing the FY 2023-24 Appropriations Limit executes portions of the work tasks towards achieving / maintaining the Strategic Plan goal to maintain a HighPerformance Government and Quality Service.

Fiscal Impact: None.

Attachments: Appropriations Limit Calculation & Resolution Reviewed By: Tim Kiser, City Manager

Item # 1.

CITY OF GRASS VALLEY

HISTORY OF APPROPRIATIONS LIMITS
FISCAL YEAR 2023-24 BUDGET
1978-79 BASE:

TOTAL APPROPRIATIONS $5,436,250
LESS NON-PROCEEDS OF TAXES 3,260,107
---------------------------
1978-79 APPROPRIATIONS BASE 2,176,143
1979-80 LIMIT NOT APPLICABLE
1980-81 LIMIT 2,728,883
1981-82 LIMIT 3,149,749
1982-83 LIMIT 3,525,514
1983-84 LIMIT 3,710,562
1984-85 LIMIT 4,153,974
1985-86 LIMIT 4,405,705
1986-87 LIMIT 4,602,640
1987-88 LIMIT 4,901,812
1988-89 LIMIT 5,094,453
1989-90 LIMIT 5,532,576
1990-91 LIMIT 6,112,580
1991-92 LIMIT 6,631,725
1992-93 LIMIT 6,839,298
1993-94 LIMIT 7,173,056
1994-95 LIMIT 7,352,382
1995-96 LIMIT 7,934,247
1996-97 LIMIT 8,405,264
1997-98 LIMIT 8,797,587
1998-99 LIMIT 9,272,657
1999-00 LIMIT 10,045,524
2000-01 LIMIT 10,634,192
2001-02 LIMIT 12,636,442
2002-03 LIMIT 12,670,584
2003-04 LIMIT 12,994,386
2004-05 LIMIT 13,576,534
2005-06 LIMIT 15,143,267
2006-07 LIMIT 15,685,396
2007-08 LIMIT 16,392,807
2008-09 LIMIT 17,320,640
2009-10 LIMIT 17,329,300
2010-11 LIMIT 16,805,955
2011-12 LIMIT 17,301,791
2012-13 LIMIT 17,815,654
2013-14 LIMIT 18,720,689
2014-15 LIMIT 18,686,992
2015-16 LIMIT 19,486,795
2016-17 LIMIT 20,546,877
2017-18 LIMIT 21,352,315
2018-19 LIMIT 22,257,653
2019-20 LIMIT 23,087,863
2020-21 LIMIT 24,020,613
2021-22 LIMIT 25,320,128
2022-23 LIMIT 27,049,492
2023-24 LIMIT 28,177,456
THE 2022-23 LIMIT IS CALCULATED BY MULTIPYING THE POPULATION FACTOR FOR NEVADA COUNTY OF -0.26 PERCENT TIMES THE PERCENTAGE CHANGE IN CALIFORNIA PER CAPITA INCOME OF 1.0444 FOR A TOTAL CALCULATION FACTOR OF 1.0417.

THE 2022-23 LIMIT TIMES THE CALCULATION FACTOR DETERMINES THE 2023-24 LIMIT.

APPROPRIATIONS IN THE 2023-24 PROPOSED BUDGET THAT ARE SUBJECT TO THE LIMITATION HAVE BEEN CALCULATED TO BE: $23,698,020

Item # 1.

RESOLUTION NO. 2023-44

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRASS

VALLEY ESTABLISHING THE APPROPRIATIONS LIMIT FOR THE
CITY OF GRASS VALLEY FOR THE FISCAL YEAR 2023-24
PURSUANT TO ARTICLE XIII B OF THE CALIFORNIA CONSTITUTION.

WHEREAS, Article XIII B of the California Constitution (Proposition 4) provides for an annual appropriations limit for state and local governments beginning with the 1980-81 fiscal year, based on 1978-79 appropriations, as adjusted for the changes in the cost of living or per capita personal income, population and other specified factors, and
WHEREAS, implementing legislation which became effective January 1, 1981, provides that each year the governing body of each local jurisdiction shall, by resolution, establish its appropriations limit for the year pursuant to Article XIII B at a regularly scheduled meeting or noticed special meeting; and WHEREAS, documentation used in determination of the Fiscal Year 2023-24 appropriations limit has been available to the public prior to City Council’s determination in this matter as required by Government Code Section 7910.

NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Grass Valley, as follows:

1. That the foregoing statements are true and correct.

2. That the appropriations limit for the City of Grass Valley for the Fiscal Year 2023-24 pursuant to Article XIII B of the California Constitution is established at $28,177,456.

3. That the factors used to calculate the Fiscal Year 2023-24 appropriations limit are the percentage change in the population of Nevada County of

0.9974 times the percentage change in California per capita income of

1.0444 for a total factor of 1.0417 applied to the Fiscal Year 2022-23 established limit of $27,049,492.

ADOPTED as a Resolution of the Council of the City of Grass Valley at a meeting thereof held on the 29th day of June, 2023, by the following vote:

AYES: Council Member
NOES: Council Member
ABSENT: Council Member
ABSTAINING: Council Member

Item # 1.
____________________________________
Jan Arbuckle, Mayor

ATTEST:
____________________________________
Taylor Day, City Clerk
APPROVAL AS TO FORM:
____________________________________
Michael Colantuono, City Attorney

Item # 1.

City of Grass Valley
City Council
Agenda Action Sheet
Title: FY 2023-24 Proposed Budget Public Hearing
CEQA: Not a Project
Recommendation: It is recommended that the City Council open Public Hearing and by

RESOLUTION,
(1) approve Resolution No. 2023-45 approving the Proposed Budget for the City of Grass Valley and the Successor Agency for fiscal year 2023-24.

Prepared by: Andy Heath
Council Meeting Date: 06/29/2023 Date Prepared: 06/20/2023 Agenda: Public Hearing
Discussion:

The Fiscal Year 2023-24 Proposed Budget is presented to Council for consideration, modification where appropriate, and adoption. This public hearing follows staff’s overview and the City Council’s approval of the preliminary budget on May 22, 2023; which has been available for review in its entirety on the City’s website as part of the City Council Agenda.

Staff will provide a brief presentation of the FY 2023-24 Proposed Budget, noting any changes from the Preliminary Budget previously presented, prior to the opening of the Public Hearing. The FY 2023-24 Proposed Budget document, which includes the budget recommended for the City of Grass Valley Successor Agency is attached with this memorandum and includes pertinent information and discussion as appropriate.

A copy of the draft FY 2023-24 Proposed Budget is attached with this report.

Council Goals/Objectives:

The Fiscal Year 2023-24 Proposed Budget executes portions of the work tasks towards achieving / maintaining the Strategic Plan goal to maintain a High-Performance Government and Quality Service.

Fiscal Impact:

The Fiscal Year 2023-24 recommended Proposed Budget balances expenditures with anticipated revenues and carryover monies for noted funds.

Attachments: Resolution – Budget Approval
FY 2023-24 Proposed Budget
Reviewed By: Tim Kiser, City Manager

Item # 2.

RESOLUTION NO. 2023-45

A RESOLUTION ADOPTING THE GENERAL BUDGET OF THE
CITY OF GRASS VALLEY FOR FISCAL YEAR 2023-24
WHEREAS, the City Manager submitted to the City Council prior to the 1st of June, in accordance with Section 3, Article X of the City Charter, a preliminary General Budget for the City of Grass Valley for the Fiscal Year 2023-24; and
WHEREAS, copies of the proposed General Budget have been available for inspection by the public in the Office of the City Clerk in accordance with the City Charter; and WHEREAS, a public hearing was held on the proposed General Budget on June 29, 2023 at the Grass Valley City Council Chambers at which time interested persons desiring to be heard were given such opportunity in accordance with the City Charter; and WHEREAS, after the conclusion of the public hearing, the City Council further considered the proposed General Budget and directed revisions it deemed advisable; and WHEREAS, the City Charter provides that a General Budget of the City be adopted by the affirmative votes of a majority of the Council on or before the 30th of June, for the ensuing fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRASS VALLEY, as follows:

1. That the foregoing statements are true and correct.

2. The document entitled "Operating Budget For Fiscal Year 2023-24", which document is incorporated herein by title reference only, is hereby adopted with the following revisions, modifications and policy limitations as the General Budget Fiscal Year 2023-24 of the City of Grass Valley, effective July 1, 2023. a) All revisions and changes which are necessary and in accordance with the City Council's direction during consideration and review but prior to adoption of said budget.
b) Any adjustment of estimated year-end reserves to actual. c) Incorporation of any encumbered funds.
c) Any corrections of mathematical or typographical errors. d) Any adjustments authorized pursuant to City Council action or resolution that change or set salaries, benefits, or terms and conditions of employment for any position, employee or unit of employees.
e) Any adjustments to revenue estimates as a result of adopted changes to the City’s fee schedule.

Item # 2.

3. That Grant and Trust Fund budgets are continuously appropriated for the purpose approved during the term of the grant agreement and pursuant to the budget established in each grant application and contract as approved by the City Council.

4. That Capital Project Funds for governmental and enterprise appropriations can be distributed between individual project accounts within the Capital Project Funds as recommended by the City Engineer and Director of Finance and approved by the City Manager.

5. The City Manager and Director of Finance are authorized to administer said adopted budget in accordance with the provisions of the City Charter, City Council actions, and administrative policies and regulations. The City Manager’s signature authority is limited to $50,000 for budget adjustments, contracts or other actions necessary for the administration of the budget unless otherwise authorized.

6. Appropriations to the several departments as authorized by the General Budget are subject to receipt of adequate revenues or appropriated reserves, and such appropriations may be limited to available revenues.

7. The staffing allocations as provided for in the budget are authorized, with current and future vacant positions to be filled accordingly, including the under filling of any position.

8. The Grass Valley Redevelopment Successor Agency budget is included in and adopted as part of the Citywide budget.

ADOPTED as a Resolution of the Council of the City of Grass Valley at a meeting thereof held on the 29th day of June, 2023, by the following vote:

AYES: Council Member
NOES: Council Member
ABSENT: Council Member
ABSTAINING: Council Member
___________________________
Jan Arbuckle, Mayor
ATTEST: APPROVED AS TO FORM:
_____________________________ ____________________________ Taylor Day, City Clerk Michael G. Colantuono, City Attorney

Item # 2.

City of Grass Valley
Fiscal Year 2023-24
Operating Budget

Item # 2.
--THIS PAGE LEFT INTENTIONALLY BLANK –

Item # 2.

CITY OF GRASS VALLEY
Jan Arbuckle – Mayor
Hilary Hodge – Vice-Mayor
Bob Branstrom – Council Member
Tom Ivy – Council Member
Haven Caravelli – Council Member
Tim Kiser – City Manager
Taylor Day – City Clerk
Andy Heath – Finance / Administrative Services Director Alex Gammelgard – Police Chief
Mark Buttron – Fire Chief
Bjorn Jones –City Engineer

Item # 2.

COMMUNITY PROFILE
The City of Grass Valley dates from the California Gold Rush and was incorporated in 1860. Grass Valley is the largest city in the western region of Nevada County and is situated in the western foothills of the Sierra Nevada mountain range at roughly 2,500 feet elevation. It comprises of 4.7 square miles with a population of 13,488.

Grass Valley is the location of the Empire Mine and North Star Mine, two of the richest mines in California. Many of those who came to settle in Grass Valley were tin miners from Cornwall, England.

They were attracted to the California gold fields because the same skills needed for deep tin mining were needed for hard rock (deep) gold mining. Many of them specialized in pumping the water out of very deep mining shafts. The mines produced well during the Depression of the 1930's, but closed temporarily during World War II. Not long after the war, production costs went off the scale, and almost one hundred years after it started, it was over. One by one the great mines closed down leaving behind colorful history, miles of subterranean tunnels and shafts - and gold.

Mill Street and its intersection with Main Street, the heart of Grass Valley, still retain much of the historic flavor of the Gold Rush. The spirit that established commercially successful quartz mining helps Grass Valley remain the commercial center of Western Nevada County. The Grass Valley/Nevada County Chamber of Commerce has worked to attract more visitors to appreciate the City's colorful history and structures. An active Downtown Business Association helps maintain a vital business climate. The City of Grass Valley remains committed to providing an attractive and quality environment in which to live, work, play and thrive.

Grass Valley still holds on to its Cornish heritage, with events such as its annual Cornish Christmas and St Piran's Day celebrations. Pasties are a local favorite dish with a few restaurants in town specializing in recipes handed down from the original immigrant generation. Grass Valley is also twinned with the Cornish town of Bodmin, United Kingdom.

Item # 2.

Total Full Time Equivalent Positions Funded - FY 2023-24: 114.0 FTE Frozen / De-Funded Positions (not included in above chart): 0.0 FTE * Contracted Positions / Functions - Police: - Information Technology Operations ** Contracted Functions - Police / Fire: - Dispatching Services - Includes Nevada City Contracted Services Provided by City of Grass Valley Water / Sewer
Operations

13.0 FTE
Community
Development

6.0 FTE
Fire **

29.0 FTE
Public Works

17.0 FTE
Police **

35.0 FTE
City Clerk

1.0 FTE
The Citizens of the City of Grass Valley
Administrative
Services *

4.0 FTE
Police - Animal
Control

3.0 FTE
City Attorney

CONTRACT
City Manager

1.0 FTE
Mayor & City Council

5.0 FTE

Item # 2.

CITY OF GRASS VALLEY
FISCAL YEAR 2023-24 BUDGET OVERVIEW
Following is a summary of the Fiscal Year 2023-24 Operating Budget, including a comparison with prior year estimated actuals and a discussion of any recommended changes. On May 22, 2023, the City Council adopted a Preliminary Budget for FY 2023-24 consistent with City Charter requirements. The final budget presented herein incorporates any changes to fund schedules previously presented and also includes budgetary information for all citywide funds.

Although forecasts for revenues most impacted by the Pandemic (Sales Tax and Transient Occupancy Tax) have fully recovered from COVID Pandemic lows, factors including continued high inflation, the State budget deficit and general economic uncertainty all impact the City’s current and future fiscal framework. As the economy continues to be impacted by these negative externalities, staff will periodically present updates to this budget after its final adoption in June 2023 in a manner consistent with the updates provided during previous fiscal years.

Combined operating budget estimated revenues (net of transfers) for the 2023-24 fiscal year are $37.0 million, compared to an estimated $38.7 million for FY 2022-23. Total planned spending for FY 2023-24 is $50.9 million, compared to $47.4 million anticipated for FY 2022-23.

Citywide Revenues
Total estimated revenues for FY 2023-24 decrease by approximately $1.7 million from the FY 2022-23 estimated actuals. This decrease in overall expected revenues can be wholly attributed one-time revenues received in FY 2022-23 related to the combined receipt of approximately $3.5 million in from the second tranche of American Rescue Plan Act (ARPA) funding; and a onetime payment from the State of California related to relinquishment of a roadway in the City.

This decrease in Citywide revenues is offset by expected increases in taxes collected in both the General Fund and the Measure E Fund for FY 2023-24.

Fiscal Year 2023- Budgeted Operating Revenues
Total Revenues = $47,224,211 (net of transfers = $36,987,230)

Item # 2.

Citywide Expenditures
Anticipated expenditures for FY 2023-24 are $50.9 million (net of transfers), an increase of approximately $3.5 million from the $47.4 million anticipated by the end of FY 2022-23. A majority of the increase in overall expenditures can be attributed to the recommended $22.5 million capital program - including Measure E Parks and Streets projects; and an array of Water and Sewer Enterprise capital projects. Additionally, new capital projects recommended for FY 2023-24 include the Sierra College Field Turf Replacement, Centennial Drive Realignment, S.

Auburn Street Renovation and the Condon Skate Park. Finally, it should be mentioned that all positions including those that are currently vacant are budgeted for the entirety of the fiscal year (i.e. no salary savings are built in) to assure adequate levels of appropriation authority consistent with the demand for services. Budgeted expenditures by fund type are show below:

Fiscal Year 2023-24 Budgeted Operating Expenditures
Total Expenditures = $61,134,342 (net of transfers = $50,897,361) Taken as a whole, the above estimates indicate the City will be spending approximately $13.9 million more that it will collect in revenue during the coming fiscal year, resulting in uses of carryover monies and fund balance earmarked primarily for capital projects in certain funds.

The budget presented herein reviews citywide operations as accounted for in their respective funds while laying out respective financial plans for the 2023-24 fiscal year consistent with strategies and directives set forth by the City Council.

A brief overview of the City’s major funds is presented below:

Item # 2.

General Fund
FY 2023-24 General Fund Final Budget:

Revenues Expenditures
FY 2022-23 Updated Budget $ 16,444,611 $ 17,502,605
FY 2023-24 Final Budget $ 17,034,501 $ 16,819,472
The FY 2023-24 General Fund Preliminary Budget reflects revenues of $17,034,501 and expenditures of $16,819,472. Revenues are higher than expenditures by $215,029 primarily due to reductions in certain base expenditures and projected discretionary tax collections increases.

Specific revenue and expenditure impacts to the City’s General Fund for FY 2023-24 are noted below.

FY 2023-24 budgeted revenue of $17,034,501 reflects an approximate $590,000 increase from revenues anticipated to be collected in FY 2022-23, primarily due to:
- Anticipated 3.0% increase in Property Taxes consistent with current housing market activity and increase in State CPI;
- Increases in Sales Tax consistent with the forecast provided by HdL (the City’s Sales Tax Consultant) and the addition of the new Target to the City’s tax base; - Anticipated 1.5% increase in Transient Occupancy Taxes as room rates are projected to rise due to inflation;
- Increase in Franchise Fees related to garbage collections, cable TV and utilities as these costs continue to increase;
- Increase in Interest Earnings based on the City’s active participation in the investment market as interest rates rise; and
- Increase in Worker’s Compensation expense reimbursements related to funds held by the City’s Worker’s Compensation provider due to rebates available from previous years (note: there is approximately $800,000 available to the City and the City is recommending annual reimbursements 0f $200,000 for the next three fiscal years to offset operational costs).

FY 2023-24 budgeted expenditures of $16,819,472 reflects an approximate decrease of $683,000 from anticipated expenditures to be incurred in FY 2022-23, primarily due to:
- Anticipated reduction in legal costs due to one-time case fees incurred in FY 2022-23; - Reduction in Planning Department personnel costs related to the restructuring of staffing; - Anticipated reduction in CalPERS Unfunded Liability amortization due to high CalPERS investment return recognized in FY 2020-21;

Item # 2.
- Reduction of outside media costs (website / marketing) built into FY 2022-23 base budget (from $100,000 to $50,000 annually);
- Lowering the annual contingency appropriation from $250,000 to $150,000; and - A reduction of one-time use of designated reserves / capital appropriations towards the PSPS Fuel Station Project ($360,000) and the Mill Street Pedestrian Plaza ($400,000); offset by
- An increase in Police Reserves, Dispatch, Training and Software costs; - An increase in costs related to the City’s Swimming Pool Program due to the expansion of pools available for use;
- The presumed filling of all positions citywide (i.e. no vacancy savings built into the budget);
- The addition of 1.0 Full Time Equivalent (FTE) Maintenance Worker in the Streets Department; and
- A slight increase in debt service costs related to the Pension Obligation Bonds consistent with the prescribed debt service schedule.

It should be mentioned that the FY 2023-24 Preliminary Budget schedules do not include costs for any labor increases that may ultimately be approved by the City Council at the conclusion of labor negotiations currently taking place.

As part of the FY 2023-24 Budget development process, it should be mentioned that the City maintains specific key contingency reserves in the General Fund:
- CalPERS Pension Stabilization Reserve - $1,500,000
- Other Post-Employment Benefits (OPEB) Reserve - $500,000 - Capital and Deferred Maintenance Reserve - $1,000,000 - Economic Contingency Reserve - $2,500,000
These Assigned Reserves can be used in the future to offset unanticipated pension and/or health benefit cost swings; to offset having to use General Fund discretionary funds for immediate capital outlay and maintenance needs; and to mitigate the exposure of having to significantly reduce service levels in the event of an economic downturn.

Taking into account the above, staff is recommending a preliminary General Fund Budget that currently anticipates a surplus of $215,029. Total General Fund reserves are anticipated to be approximately $9.51 million at the end of FY 2023-24. Projected reserve levels as of June 30, 2024 are expected to include:

Item # 2.
- $ 6,180,314 Designated Reserves (See Attachment A for list) - 3,076,849 Undesignated Reserves
- $ 9,257,163 Total General Fund Reserves
Measure E Fund
FY 2023-24 Measure E Fund Final Budget:

Revenues Expenditures
FY 2022-23 Updated Budget $ 6,930,000 $ 7,992,407
FY 2023-24 Final Budget $ 7,280,000 $10,226,777
The Measure E Fund accounts for the City’s voter-approved 1-cent transaction and use tax (general-purpose tax) that is used to support police and fire services; and streets and parks projects.

FY 2023-24 budgeted revenue of $7,280,000 reflects an approximate $350,000 increase from FY 2022-23 estimated revenues of $6,930,000, primarily due to higher sales tax collections forecasted by the City’s Sales Tax Consultant (HdL), which includes a minor upward adjustment due the opening of a Target store in the City.

FY 2023-24 budgeted expenditures of $10,226,777 reflects an approximate $2.2 million increase from estimated expenditures for FY 2022-23 primarily due to the one-time use of carryover fund balance from FY 2022-23 towards streets and parks projects and fire apparatus and the addition of 1.0 FTE EMS / Fire Administration Captain. In addition to purchasing and outfitting a new fire truck (purchase authorized in a prior fiscal year), projects anticipated to be funded by Measure E include the Condon Skate Park, E. Daniels Park & Church Parking Lot Restrooms, Wolf Creek Trail Engineering & Environmental costs, partial funding towards the Sierra College Field Turf Replacement, Pavement Management Plan, Mill Street Pedestrian Plaza (funds carried over) and $1.7 million towards Street Pavement Rehabilitation projects.

It should be mentioned that the Measure E Fund allocates funding for 22.1 FTE (position allocations) – 10.9 FTE in the Police Department and 11.2 FTE in the Fire Department (note: this includes the new position recommended for the EMS Program. All positions allocated to Measure E are funded in the FY 2023-24 budget and assumed filled for the entirety of the fiscal year.

Item # 2.

It is anticipated that the Measure E Fund will have approximately $465,921 in Fund Balance on June 30, 2024. These funds may be appropriated for any Measure E related purpose in future fiscal years.

Water Fund
FY 2023-24 Water Fund Final Budget:

Revenues Expenditures
FY 2022-23 Updated Budget $ 2,317,319 $ 2,868,817
FY 2023-24 Final Budget $ 2,303,000 $ 4,259,913
FY 2023-24 Water Fund revenues are currently projected slightly lower than prior year budgeted amounts, primarily as a result of lower anticipated collections of connection fees offset by higher levels of interest earnings for FY 2023-24. FY 2023-24 Water Fund expenditures are recommended to be approximately $1.4 million higher than those budgeted in the prior year primarily due to anticipated carryover of Water Fund capital projects. Any capital projects not fully completed by the end of FY 2022-23 are being carried over into FY 2023-24. It should be mentioned although a rate increase is not anticipated at this time for FY 2023-24, the City should be completing a Water (and Sewer) rate study to assure fee structures are in line with operational and capital needs expectations in the coming years.

Also recommended for the Water Fund is the continued funding of a Pension Reserve like the one currently in place in the General Fund. Staff is recommending maintaining the set-aside of $75,000 from Unobligated Fund Balance into the Pension Reserve, which can be used to offset unanticipated swings in annually required pension obligations and/or reduce the pension unfunded liability related to staff funded by the Water Enterprise Fund.

It is anticipated that the Water Fund will have approximately $1.14 million in Fund Balance at the end of FY 2023-24, all of which is reserved for specific purposes. The $1.14 million ending Fund Balance assumes all capital projects are completed by the end of the fiscal year.

Sewer Fund
FY 2023-24 Sewer Fund Final Budget:

Revenues Expenditures
FY 2022-23 Updated Budget $ 5,481,351 $ 4,486,281
FY 2023-24 Final Budget $ 5,275,000 $ 8,992,382
FY 2023-24 Sewer Fund revenues are currently projected to be approximately $200,000 lower than those budgeted in FY 2022-23, primarily due to the reduction in Sewer Connection Fees

Item # 2.
offset by an anticipated increase in interest earnings. FY 2023-24 Sewer Fund expenditures are recommended to be $4.5 million higher than those budgeted in the prior year primarily due to the carryover of projects related to Annual Wastewater Treatment Plant Upgrades and the Slate Creek Lift Station; and the addition of a new project related to Sewer Lining ($2 million). As mentioned in the discussion for the Water Fund, a Sewer Rate Study should be completed early in the upcoming fiscal year to assure appropriate fee structures are in place.

Similar to the Water Fund, continued funding of a Pension Reserve is recommended for the Sewer Fund. Staff recommends maintaining the set-aside of $175,000 from Unobligated Fund Balance into the Pension Reserve, which can be used to offset unanticipated swings in annually required pension obligations and/or reduce the pension unfunded liability related to staff funded by the Sewer Enterprise Fund.

It is anticipated that the Sewer Fund will have approximately $5.63 million in Fund Balance at the end of FY 2023-24, $3.65 million of which is reserved for specific purposes. The $5.63 million ending Fund Balance assumes all capital projects are completed by the end of the fiscal year.

Gas Tax Fund
FY 2023-24 Gas Tax Fund Final Budget:

Revenues Expenditures
FY 2022-23 Updated Budget $ 970,307 $ 1,153,000
FY 2023-24 Final Budget $ 791,514 $ 1,000,800
The Gas Tax Fund accounts for the receipt of gas tax, SB-1 (RMRA) and NCTC pass-through revenues which may be used towards applicable transportation-related expenditures. Gas Tax revenues anticipated to be collected during FY 2023-24 are expected to approximately $179,000 lower than those anticipated to be received in FY 2022-23, due to elimination of a one-time transfer from the Measure E Fund (too much Gas Tax funding originally used towards a Streetrelated project); offset by a higher allocation of Gas Tax and SB-1 funding for the upcoming fiscal year.

Gas Tax Fund appropriations are anticipated to be $152,200 lower in the upcoming fiscal year; and are recommended primarily for street maintenance & rehabilitation, sidewalk, utility and project costs (Main Street Resealing / Bennett Street Bridge).

It is anticipated the Gas Tax Fund will have $10,460 in fund balance remaining at the end of the 2023-24 fiscal year.

Item # 2.

Traffic Safety Fund
FY 2023-24 Traffic Safety Fund Final Budget:

Revenues Expenditures
FY 2022-23 Updated Budget $ 160,100 $ 156,000
FY 2023-24 Final Budget $ 156,900 $ 161,000
The Traffic Safety Fund accounts for the receipt of parking citation revenues and a transfer in from the Gas Tax Fund used to pay for streetlight utilities costs. Traffic Safety Fund revenues anticipated for FY 2023-24 are expected to be slightly lower due to a reduced transfer in from the Gas Tax Fund required to offset utilities costs. Traffic Safety Fund appropriations are also anticipated to increase by $5,000 due to higher utility costs stemming from higher prices (inflation).

It is anticipated the Traffic Safety Fund will have nothing in fund balance remaining at the end of the 2023-24 fiscal year.

Development Impact Fee Fund
FY 2023-24 Development Impact Fee Fund Final Budget:

Revenues Expenditures
FY 2022-23 Updated Budget $ 283,190 $ 841,057
FY 2023-24 Final Budget $ 75,000 $ 2,356,181
The Development Impact Fee Fund accounts for the receipt AB-1600 Development Impact Fees to be used towards nexus-based future projects that mitigate the impacts new development.

Development Impact Fee Fund revenues anticipated during FY 2023-24 only include interest earnings of $75,000. Due to the unpredictability of collections of these fees, the budget will be periodically updated as the fiscal year progresses. At this time, the following projects are anticipated to be funded during FY 2023-24 using development impact fees: Storm Drain Plan, Centennial Drive Realignment, Mill Street Parking Lot and Matson Creek Phase I. To the extent any projects anticipated during FY 2023-24 are not completed, the appropriations will likely be carried over into FY 2024-25.

The Development Impact Fee Fund is expected to have $500,882 in funds available for specific projects at the end of FY 2023-24.

Item # 2.

Capital Projects Fund
FY 2023-24 Capital Projects Fund Final Budget:

Revenues Expenditures
FY 2022-23 Updated Budget $ 11,654,227 $ 11,160,100
FY 2023-24 Final Budget $ 12,846,181 $ 12,846,181
The Capital Projects Fund accounts for the majority of non-enterprise Capital Projects citywide (some projects are wholly funded in the General Fund and the Measure E Fund; and are not part of the Capital Projects Fund). Capital projects are typically funded with non-discretionary (grants, fees, etc.) revenue sources and transfers in from other funds. Capital Projects Fund revenues and expenditures are estimated at $12.85 million for FY 2023-24. Projects were updated consistent with current cost and funding estimates.

New and continuing projects accounted for the in the Capital Projects Fund include the Sierra College Field, Main Street Resealing, Mill Street Parking Lot, McCourtney Road Pedestrian Improvements, Bennett Street Bridge, Centennial Drive Realignment, S. Auburn / Colfax Avenue Roundabout, Bennett & Ophir Recirculation, Matson Creek – Phase I, Condon Skate Park and Mill Street Pedestrian Plaza. As previously mentioned, funding for these projects comes from specific grant sources (CMAQ, ATP, ARPA funding, etc.) and transfers in from other funding sources (General Fund, Measure E, Gas Tax, Mitigation Fees, Special Projects, etc.).

The negative ($42,221) in fund balance anticipated by the end of Fiscal Year 2023-24 is related to unreimbursed costs for storm damage costs incurred by the City over the past two years. City staff will work to determine how to best fund these unreimbursed expenditures.

Special Projects Fund
FY 2023-24 Special Projects Fund Final Budget:

Revenues Expenditures
FY 2022-23 Updated Budget $ 3,483,549 $ 5,510,329
FY 2023-24 Final Budget $ 150,000 $ 3,000,000
The Special Projects Fund accounts for capital projects funded by other specific revenue sources.

For the coming fiscal year, revenues only include anticipated interest earnings in the fund. It should be mentioned that during FY 2021-22, the City issued debt in the amount of $6 million to be used towards future park projects. To date, $3 million of this funding has been spent on the Condon / Scotten Turf Project. The remaining $3 million in debt proceeds is recommended for appropriation in FY 2023-24 towards the Sierra College Field / Turf Project.

Item # 2.

It is anticipated that the Special Projects Fund will have approximately $3.1 million in fund balance on June 30, 2024 which may be used for future projects.

General Fund Multi-Year Forecast
As a means to gauge the future ability to provide a consistent level of citywide services and programs, a Multi-Year Forecast has been developed for the City’s General Fund – the fund where the vast majority of non-enterprise services are accounted for.

The Multi-year forecast is meant to serve as only one tool to measure fiscal sustainability into the future. The model below incorporates known cost drivers, including any negotiated salary increases, CalPERS retirement cost increases, annual appropriations for capital projects and recurring capital maintenance, and a conservative increase in all other operating expenditures. The model also assumes conservative growth in discretionary revenue sources, including property tax, sales tax, transient occupancy tax and franchise fees. The model is developed to demonstrate the ability to sustain the existing levels of service provided citywide.

As indicated in the model above, a surplus of $215,029 is anticipated for FY 2023-24. All future years beginning in FY 2024-25 inidicate a surplus is likely under the assumptions used to generate the activity in the forecast. These surpluses take into account increased collections of revenues in the as the City recovers from the COVID-19 crisis and positive fiscal impacts associated with the issuance of a pension obligation bond; offset by conservative increases in general expenditures and staffing costs and one-time set-asides for a corporation yard update and parks program management. The forecast also includes a $150,000 contingency appropriation for the current and future years. It should also be mentioned that amounts budgeted and forecasted beginning in FY 2023-24 do not include labor increases expected to be negotiated for each year (none are approved at this time).

Item # 2.

Baseline revenues are anticipated to be higher than baseline expenditures forecasted for each year beginning in FY 2024-25 as effects of the COVID-19 Crisis continue to wane and as the financial impacts of issuing a Pension Obligation Bond to fund a majority of the CalPERS Unfunded Liability continue to be realized. As shown in the graph below, total expenditures for CalPERS-related costs are anticipated to be approximately $2.1 million annually through FY 2026-27 (note: salary increases other than those approved by the City Council are not built in) versus nearly $2.5 million annually had the bonds not been issued.

Although the forecast indicates the likelihood of a surplus with each year beginning in FY 2024- 25, it should be mentioned that economic forces and anticipated volatility in personnel-related cost drivers could significantly impact forecasts for future years. Additionally, this forecast does not include the 22.1 public safety positions; and extensive street reahabilitation and parks projects funded by the Measure E Transactions Tax. To the extent Measure E funds were not available, approximatley $3.8 million in ongoing annual costs related to Measure E staffing only would likely be requried to be borne by the General Fund.

Item # 2.

CITY OF GRASS VALLEY
FISCAL YEAR 2023-24 FINAL BUDGET

SCHEDULE OF FUNDS PRESENTED
Fund Description___________________________________________ General Fund Primary operating fund of the City; accounts for all activities except those legally or administratively required to be accounted for in other funds

Measure E Fund Memo fund to the General Fund established to account for proceeds of a one-cent transactions & use (sales) tax measure approved by the city electorate in 2018. Funds are used primarily for public safety, parks and streets-related services and programs.

Enterprise Funds:

Water Fund Accounts for the operation, maintenance and capital activity of the City’s water treatment and distribution system.

Sewer Fund Accounts for the operation, maintenance and capital activity of the City’s wastewater treatments plant and collections facilities.

Special Revenue Funds:

Gas Tax Fund Accounts for funds received and expended for street maintenance purposes as defined in Sections 2105, 2106, 2107 and 2107.5; and the Road Maintenance & Rehabilitation Act (RMRA) of the Streets and Highways Code.

Traffic Safety Fund Accounts for revenue received for the City’s programs associated with the maintenance of equipment and supplies for traffic law enforcement and traffic accident prevention.

Fire Reserve Fund Accounts for funds received related to fire equipment maintenance and replacement – receipts into fund typically come from participation in Fire Strike Teams.

Item # 2.

CITY OF GRASS VALLEY
FY 2023-24 FINAL BUDGET

SCHEDULE OF FUNDS PRESENTED
Fund Description___________________________________________ Special Revenue Funds, cont.:

DUI Grant Fund Accounts for revenues received for the State DUI grant related to prevention programs.

EPA Site Grant Fund Accounts for funds received and expended on an approved EPA project.

Developer Impact Fee Fund Accounts for funds received as a result of development impact on City infrastructure and systems.

Vehicle Replacement Fund Accounts for activities of the City’s vehicle replacement program, the costs of which are distributed among designated user departments.

E. Daniels Park Fund Accounts for funds received for the Elizabeth Daniels Park.

Animal Shelter Fund Accounts for funds received for the Animal Shelter.

Capital Projects Funds:

Capital Projects Fund Accounts for funds collected and expended for the construction or purchase of public facilities and projects.

Special Projects Fund Accounts for funds collected and expended for the construction of special projects.

Maintenance Assessment District Funds:

All Maintenance Assessment District funds account for revenues and expenditures associated with the repairs and maintenance of landscaping, lighting and infrastructure within the District boundaries.

Item # 2.

CITY OF GRASS VALLEY
FY 2023-24 FINAL BUDGET

SCHEDULE OF FUNDS PRESENTED
Fund Description___________________________________________ Maintenance Assessment District Funds, cont.:

Whispering Pines Improvement District – Lighting & Landscape Fund Litton Business Park Improvement District – Lighting & Landscape Fund Morgan Ranch Improvement District - Lighting & Landscape Fund Ventana Sierra Improvement District Fund
Scotia Pines Improvement District Fund
Morgan Ranch 2003-1 Maintenance Assessment District Fund Morgan Ranch West Benefit Assessment District Fund
Morgan Ranch West Improvement District – Lighting & Landscape Fund Ridge Meadows Improvement District – Lighting & Landscape Fund Ridge Meadows Benefit Assessment District Fund
Trust & Agency / Internal Service Funds:

Downtown Assmt Dist. Accounts for funds received to be utilized in the beautification and maintenance of the Downtown Assessment area.

GV Successor Agency Fund Accounts for the former Grass Valley Redevelopment Agency dissolution activities pursuant to ABX1 26 effective October 2011.

HOME / Housing Funds:

All HOME / Housing funds account for revenue, expenditures and loans receivable associated with HOME grant programs.
02-HOME-0586 Fund
09-HOME-6272 Fund
12-HOME-8564 Fund
HOME Grant Fund
99-HOME-0369 Fund
00-HOME-0461 Fund
00-HOME-14968 Fund (Active Grant)

Item # 2.

CITY OF GRASS VALLEY
FY 2023-24 FINAL BUDGET

SCHEDULE OF FUNDS PRESENTED
Fund Description___________________________________________ CDBG Block Grant Funds:

All CDBG Block Grant funds account for revenues, expenditures and loans receivable associated with block grant programs.
04-STBG-1960 Fund
CDBG Fund
CDBG Revolving Fund
CDBG Revolving Loan Fund
CDBG Housing Fund
86-STBG-217 Fund
91-STBG-467 Fund
95-STBG-897 Fund
97-STBG-1118 Fund
99-STBG-1362 Fund
CDBG Doris Drive Fund
Housing Rehabilitation Fund

Item # 2.

Total Estimated Estimated
Fund Balance Fund Balance Fund Balance
Fund - Description 6/30/2022 Revenues Expenditures 6/30/2023 Revenues Expenditures 6/30/2024 100 - General Fund $ 10,100,128 $ 16,444,611 17,502,605 $ 9,042,134 $ 17,034,501 $ 16,819,472 $ 9,257,163 200 - Measure E Fund 4,475,105 6,930,000 8,097,407 3,307,698 7,280,000 10,226,777 360,921 Enterprise Funds
500 - Water Enterprise Fund $ 3,652,223 $ 2,317,319 2,868,817 $ 3,100,725 $ 2,303,000 4,259,913 $ 1,143,812 510 - Sewer Enterprise Fund 8,347,313 5,481,351 4,486,281 9,342,383 5,275,000 8,992,382 5,625,001 Special Revenue Funds
201 - Gas Tax Fund $ 402,439 $ 970,307 1,153,000 $ 219,746 $ 791,514 $ 1,000,800 $ 10,460 202 - Traffic Safety Fund - 160,100 156,000 4,100 156,900 161,000 - 203 - Fire Reserve Fund 210,459 52,000 100,000 162,459 52,000 100,000 114,459 204 - DUI Grant Fund 4,540 25 - 4,565 25 - 4,590
205- EPA Site Grant Fund (23,161) 74,599 51,438 - 500,000 500,000 - 206 - Developer Impact Fee Fund 3,339,930 283,190 841,057 2,782,063 75,000 2,356,181 500,882 225 - Vehicle Replacement Fund 37,656 - 34,962 2,694 - 2,694 - 450 - E. Daniels Park Fund 102,143 1,000 - 103,143 2,500 - 105,643 451 - Animal Shelter Fund 2,145 - - 2,145 - 2,145 -
Capital Projects Funds
300 - Capital Projects Fund $ (536,348) $ 11,654,227 $ 11,160,100 $ (42,221) $ 12,846,181 $ 12,846,181 $ (42,221) 310 - Special Projects Fund 8,015,018 3,483,549 5,510,329 5,988,238 150,000 3,000,000 3,138,238 Assessment District Funds
210 - Whipering Pines Improvement Dist. L&L $ 43,215 $ 27,854 16,853 $ 54,216 $ 29,600 $ 54,800 $ 29,016 211 - Litton Business Park Improvement Dist. L&L 7,233 6,219 5,476 7,976 5,891 5,791 8,076 212 - Morgan Ranch Improvement Dist. L&L 27,569 26,851 16,021 38,399 28,816 54,416 12,799 213 - Ventana Sierra Improvement Dist. 3,957 3,240 4,500 2,697 3,415 3,390 2,722 214 - Scotia Pines Improvement Dist. 3,156 4,234 11,244 (3,854) 4,448 1,480 (886) 215 - Morgan Ranch 2003-1 Improvement Dist. MA 18,765 630 500 18,895 660 10,480 9,075 216 - Morgan Ranch West BAD 10,681 850 413 11,118 850 5,750 6,218 217 - Morgan Ranch West Improvement Dist. L&L 7,944 510 438 8,016 580 8,000 596 218 - Ridge Meadows Improvement Dist. L&L 18,634 8,200 16,480 10,354 8,100 10,100 8,354 219 - Ridge Meadows BAD 14,995 1,950 315 16,630 850 6,700 10,780 Trust & Agency / Internal Service Funds
770 - Downtown Assessment District Fund $ 23,125 $ 58,250 60,000 $ 21,375 $ 58,250 60,000 $ 19,625 780 - Grass Valley Successor Agency Fund 5,328,141 655,475 5,355,609 628,007 616,130 645,890 598,247 Fiscal Year 2022-23 Estimated Fiscal Year 2023-24
City of Grass Valley
Budgeted Funds Synopsis
Annual Operations and Fund Balance
Fiscal Year 2023-24 Proposed Budget
---------------FY 2022-23 Estimated------------ ---FY 2022-24 Proposed Budget---

Item # 2.

City of Grass Valley
Budgeted Funds Synopsis
Annual Operations and Fund Balance
Fiscal Year 2023-24 Proposed Budget
Total Estimated Estimated
Fund Balance Fund Balance Fund Balance
Fund - Description 6/30/2022 Revenues Expenditures 6/30/2023 Revenues Expenditures 6/30/2024 CDBG & HOME Loan / Program Income Funds
230 - 02-HOME-0586 Fund $ 4,323,091 $ 32,713 - $ 4,355,804 $ 32,713 - $ 4,388,517 231 - 09-HOME-6272 Fund 828,949 169,535 - 859,883 10,000 - 869,883 232 - 12-HOME-8564 Fund 265,785 5,000 - 270,785 5,000 - 275,785 233 - HOME Grant Fund 817,728 10,000 - 827,728 10,000 - 837,728 234 - 99-HOME-0369 Fund 388,217 2,500 - 390,717 2,500 - 393,217 235 - 00-HOME-0461 Fund 1,827,169 48,184 - 1,875,353 48,184 - 1,923,537 236 - 00-HOME-14968 Fund 75,234 1,500 - 76,735 426,500 25,000 478,234 240 - 04-STBG-1960 Fund $ 72,133 $ 1,100 300 $ 72,633 $ 1,100 300 $ 73,133 241 - CDBG Fund 122,492 1,000 5,000 118,492 1,000 5,000 114,492 242 - CDBG Revolving Fund 177,393 1,000 300 177,393 1,000 300 177,393 243 - CDBG Revolving Loan Fund 101,498 - - 101,498 - - 101,498 244 - CDBG Housing Fund - - - - - - -
245 - 86-STBG-217 Fund - - - - - - -
246 - 91-STBG-467 Fund - - - - - - -
247 - 95-STBG-897 Fund 20,482 3,200 200 20,982 3,200 200 21,482 248 - 97-STBG-1118 Fund - - - - - - -
249 - 99-STBG-1362 Fund 110,000 - - 110,000 - - 110,000 250 - CDBG Doris Drive Fund 33,914 3,550 191 30,514 3,700 191 30,314 251 - Housing Rehab Fund 354,096 10,000 200 351,096 10,000 200 347,896 Total Budget (Excluding CDBG & HOME): Fund Balance Est. Fund Balance Est. Fund Balance June 30, 2022 Revenues Expenditures June 30, 2022 Revenues Expenditures June 30, 2024 General Fund $ 10,100,128 $ 16,444,611 17,502,605 $ 9,042,134 $ 17,034,501 16,819,472 $ 9,257,163 Measure E Fund 4,475,105 6,930,000 8,097,407 3,307,698 7,280,000 10,226,777 360,921 Enterprise Funds 11,999,536 7,798,670 7,355,098 12,443,108 7,578,000 13,252,295 6,768,813 Special Revenue Funds 4,076,151 1,541,221 2,336,457 3,280,915 1,577,939 4,122,820 736,034 Capital Projects Funds 7,478,670 15,137,776 16,670,429 5,946,017 12,996,181 15,846,181 3,096,017 Assessment District Funds 156,149 80,538 72,240 164,447 83,210 160,907 86,750 Trust & Agency Funds 5,351,266 713,725 5,415,609 649,382 674,380 705,890 617,872 Total: $ 43,637,005 $ 48,646,541 57,449,845 $ 34,833,701 $ 47,224,211 61,134,342 $ 20,923,570 LESS: Transfers: $ (9,958,219) (9,958,219) $ (10,236,981) (10,236,981) Total Operating Budget Net of Transfers: $ 38,688,322 47,491,626 $ 36,987,230 50,897,361 Fiscal Year 2022-23 (Est.) Fiscal Year 2023-24
---------------FY 2022-23 Estimated------------ ---FY 2022-24 Proposed Budget--- Fiscal Year 2022-23 Estimated Fiscal Year 2023-24

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Capital Outlay / Projects Reconciliation
Fund Capital Outlay / Project Outlay Project
General Fund
- Information Services Information Technology Equipment $ 50,000 - Police Police Equipment - Base Budget $ 5,000
Measure E Fund
- Police Police Vehicle Leases $ 200,000
Police Equipment - Base / Buildouts 50,000
- Fire Fire Vehicle Leases $ 8,913
Fire Truck 928,000
Fire Equipment - Base / Buildouts 45,000
- Parks Measure E Parks Projects $ 925,000
Wolf Creek Trail Engineering / Env. 100,000
Water Fund
Water Line Replcmt - Linden / Church $ 530,000
Water Systems Plan 50,000
Depot Street Water Line 600,000
Broadview Heights Booster Station 200,000
Water Treatment Plant Maintenance 250,000
Annual Water System Maintenance 250,000
Water Sampling Station Replcmts 250,000
Annual Flushing Program 100,000
Sewer Fund
NPDES 2008-13 Project $ 60,000
Annual Sewer Maintenance 200,000
Annual WWTP Projects 2,200,000
2018 WWTP Improvements Project 50,000
Slate Creek Lift Station Project 600,000
Sewer Lining Project 2,000,000

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Capital Outlay / Projects Reconciliation
Fund Capital Outlay / Project Outlay Project
Capital Projects Fund
Storm Drain Plan $ 300,000
Street Maintenance Projects 220,000
Annual Street Rehabilitation 555,000
Annual Storm Drain Maintenance 50,000
Sierra College Field 4,000,000
Main Street Resealing 200,000
Mill Street Parking Lot 506,181
McCourtney Road Pedestrian Impvmt 810,000
Bennett & Ophir Circulation 200,000
Centennial Drive Realignment 1,200,000
S. Auburn / Colfax Roundabout 300,000
Magenta Drain Restoration 40,000
Streetlight Ownership Coversion 200,000
Southern Sprhere Infrastructure Proj. 200,000
S. Auburn Street Renovation 1,100,000
Annual Sidewalk Repairs / Mtc 30,000
Playground Maintenance Projects 50,000
Bennett Street Bridge 115,000
Matson Creek - Phase I 150,000
Measure E Street Rehabilitation 1,770,000
Mill Street Pedestrian Plaza 550,000
HSIP Improvements 300,000
Citywide Captial Outlay / Projects Totals: $ 1,286,913 $ 21,211,181 $ 22,498,094
Note: The information presented herein presents the fund in which the captial outlay / project is fully appropriated.

Several projects which have multiple funding sources accounted for as transfers in/out are listed in the fund in which they are wholly accounted for.

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
General Fund Revenue and Expenditure Detail
Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24

REVENUES
Taxes 12,185,414 12,683,922 12,968,665 13,306,579
Franchises 886,159 916,544 915,000 927,450
Licenses 201,927 200,072 190,100 191,050
Services Charges / Fees 1,361,064 1,853,241 1,686,237 1,673,498 Interest & Use of Money 27,984 37,983 120,000 200,000
Other Agencies 515,690 771,574 505,109 489,924
Cost Reimbursements / Transfers 206,561 110,049 34,000 233,000 Other Revenues 169,020 81,501 25,500 13,000
Other Financing Sources - - - -
Total Revenues 15,553,819 16,654,886 16,444,611 17,034,501

EXPENDITURES
City Council 31,365 45,194 35,585 35,713
City Manager 271,026 344,266 367,872 369,236
Finance Department 472,421 532,773 554,854 611,586
Personnel 28,434 17,418 30,500 30,958
Information Systems 408,582 294,223 295,127 298,619
City Attorney 167,130 275,662 340,000 275,000
Police Department 4,523,063 5,279,305 5,461,727 5,754,404 Police Department - Animal Control 178,199 211,124 252,815 255,572 Fire Department 2,567,289 3,283,481 3,535,303 3,591,691 Community Development - Planning 492,210 453,687 419,795 313,943 Community Development - Building 474,812 434,439 511,118 503,720 Public Works - Engineering 370,398 333,301 363,015 418,015 Public Works - Facilities 112,361 144,680 133,390 127,034 Public Works - Fleet Services 222,073 261,303 303,981 268,277 Public Works - Streets 474,231 504,117 484,855 562,469
Parks and Recreation - Swimming Pool 31,706 19,604 59,968 100,295 Parks and Recreation - Parks Maintenance 279,024 407,689 458,820 405,707 Parks and Recreation - Recreation - - - -
Non-Departmental 1,426,798 1,672,628 2,482,259 1,405,775 Debt Service 1,019,104 988,223 1,026,621 1,041,458
Appropriation for Contingency 250,000 278,772 250,000 150,000 Transfers Out 192,326 45,501 135,000 300,000
Total Expenditures $ 13,992,552 $ 15,827,390 $ 17,502,605 $ 16,819,472 Excess / (Deficit) of Revenues over
Expenditures 1,561,267 827,496 (1,057,994) 215,029
Reserve Transfer to Impact Fee Fund -
Beginning Fund Balance 7,711,365 9,272,632 10,100,128 9,042,134 Ending Fund Balance 9,272,632 10,100,128 9,042,134 9,257,163 Less - Designated Reserves:

Police Department Property Deposits 69,431 69,431 69,431 69,431 Asset Forfeiture Funds 9,252 9,252 9,252 9,252
Narcotics Investigation 12,823 12,823 12,823 12,823
North Star Rock Road Mitigation 16,543 16,543 16,543 16,543 Infrastructure Repair and Replacement 19,187 19,187 19,187 19,187 Tree Preservation 10,700 10,700 10,700 10,700
Whispering Pines 153,160 153,160 153,160 153,160
PARSAC Claim Reserves 75,000 75,000 75,000 75,000
ADA Access - SB 1186 14,232 22,167 22,167 22,167
PSPS Grant (Fuel Station) Reserve 187,051 187,051 - -
Corporation Yard Remodel Funds - 400,000 267,051 267,051 Nevada City Fire Apparatus Funds - 25,000 25,000 25,000 Pension Stabilization Reserve 1,500,000 1,500,000 1,500,000 1,500,000 OPEB Stabilization Reserve 500,000 500,000 500,000 500,000 Capital and Deferred Maintenance Reserve 1,000,000 1,000,000 1,000,000 1,000,000 Economic Contingency Reserve 2,500,000 2,500,000 2,500,000 2,500,000 Amount Not Obligated at Year End 3,205,253 3,599,814 2,861,820 3,076,849

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
General Fund Revenue Account Detail
Actuals Actuals Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Description
Property Taxes 2,990,699 $ 3,057,833 3,261,000 3,306,430 RPTTF Residual Property Tax Distributions 310,844 311,452 310,000 314,650 Property Tax in Lieu of MVLF 1,380,634 1,437,038 1,503,671 1,548,781 Sales Taxes 7,641,707 7,874,242 8,050,000 8,295,750
ERAF in Lieu of Sales Tax - - - -
Sales Tax Payment to Nevada County (1,131,479) (1,185,867) (1,252,256) (1,271,040) Transient Occupancy Taxes 881,875 1,058,697 1,000,000 1,015,000 Real Estate Transfer Taxes 89,205 110,037 75,750 76,508 Property Tax Homeowners Exemption 21,929 20,490 20,500 20,500 Property Tax Payment to NCCFPD - - - -
TOTAL TAXES $ 12,185,414 12,683,922 12,968,665 13,306,579 Franchise - Gas & Electric 162,288 $ 172,721 170,000 175,000 Franchise - Solid Waste 495,547 528,128 530,000 535,300 Franchise - Cable TV 228,324 215,695 215,000 217,150
TOTAL FRANCHISES $ 886,159 916,544 915,000 927,450
Business Licenses 201,894 $ 200,044 190,000 190,950
Business License Penalties 33 28 100 100
TOTAL LICENSES $ 201,927 200,072 190,100 191,050
Planning Department Fees / Permits 102,579 $ 202,123 65,000 65,000 Building Department Fees / Permits 339,917 270,482 270,000 235,000 Code Enforcement Penalties - 38,897 - -
Fire Department Fees / Permits 560,256 882,840 930,150 948,150 Fire Department Assessments 253,492 256,710 253,750 257,556 Public Works / Engineering Fees / Permits 15,290 22,940 13,500 13,500 Animal Shelter Fees / Other Revenues 35,881 63,908 63,162 63,162 Police Department Fees / Other Revenues 30,359 80,897 45,175 45,175 Parks Department Fees 23,290 34,444 45,500 45,955
TOTAL SERVICE CHARGES / FEES $ 1,361,064 1,853,241 1,686,237 1,673,498

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
General Fund Revenue Account Detail
Actuals Actuals Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Description
Interest Earnings 27,984 $ 37,983 120,000 200,000
Unrealized Gain / (Loss) on Investments - - - -
TOTAL INTEREST & USE OF MONEY $ 27,984 37,983 120,000 200,000 Motor Vehicle License Fees 9,436 $ 14,856 9,500 9,500
Beverage Recycling Program 4,361 5,000 5,000 5,000
Public Safety - Proposition 172 109,853 169,424 162,293 154,924 Public Safety Grants 211,791 167,372 147,000 155,000
FEMA Grants - - - -
COPS Grant - AB 3229 100,000 307,495 160,000 160,000
SB-2 / LEAP Planning Grant 57,058 70,514 - -
POST Reimbursements 12,094 24,978 15,816 -
Other State Reimbursements 4,000 4,000 4,000 4,000
ADA Disability (SB-1186 Fee) 7,097 7,935 1,500 1,500
TOTAL FROM OTHER AGENCIES $ 515,690 771,574 505,109 489,924 Expense Reimbursements 206,561 $ 110,049 31,000 230,000 Transfer In from Gas Tax Fund - - 3,000 3,000
Transfer In from AB1600 Fire Fac Reserve - - - -
Transfer in from Developer Impact Fees - - - -
TOTAL COST REIMBURSEMENTS / TRANSFERS $ 206,561 110,049 34,000 233,000 TOTAL OTHER REVENUES $ 169,020 81,501 25,500 13,000
TOTAL OTHER FINANCING SOURCES $ - - - -
TOTAL GENERAL FUND $ 15,553,819 16,654,886 16,444,611 17,034,501

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
General Fund
Departmental Expenditure Account Detail
Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
City Administration
City Council - 101
Personal Services 20,007 $ 18,085 $ 18,085 $ 18,085 $
Services and Supplies 11,358 27,109 17,500 17,628
Cost Allocation - - - -
Capital Outlay - - - -
Total: 31,365 $ 45,194 35,585 35,713
City Manager - 102
Personal Services 242,210 $ 321,817 335,101 348,270
Services and Supplies 28,816 22,449 32,771 20,966
Cost Allocation - - - -
Capital Outlay - - - -
Total: 271,026 $ 344,266 367,872 369,236
Finance Department - 104
Personal Services 364,725 $ 443,247 473,554 539,295
Services and Supplies 107,696 89,526 81,300 72,291
Cost Allocation - - - -
Capital Outlay - - - -
Total: 472,421 $ 532,773 554,854 611,586
Personnel - 103
Personal Services - $ - - -
Services and Supplies 28,434 17,418 30,500 30,958
Cost Allocation - - - -
Capital Outlay - - - -
Total: 28,434 $ 17,418 30,500 30,958
Information Services - 105
Personal Services - $ - - -
Services and Supplies 271,498 473,730 408,545 414,365
Cost Allocation - (196,149) (163,418) (165,746)
Capital Outlay 137,084 16,642 50,000 50,000
Total: 408,582 $ 294,223 295,127 298,619

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
General Fund
Departmental Expenditure Account Detail
Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
City Attorney - 106
Personal Services - $ - - -
Services and Supplies 167,130 275,662 340,000 275,000
Cost Allocation - - - -
Capital Outlay - - - -
Total: 167,130 $ 275,662 340,000 275,000
Public Safety
Police - 201
Personal Services 3,403,108 $ 4,010,372 4,293,727 4,329,846 Services and Supplies 1,093,970 1,191,235 1,163,000 1,419,558 Capital Outlay 25,985 77,698 5,000 5,000
Total: 4,523,063 $ 5,279,305 5,461,727 5,754,404
Police - Animal Control - 202
Personal Services 149,257 $ 163,239 201,315 210,197
Services and Supplies 28,942 47,885 51,500 45,375
Capital Outlay - - - -
Total: 178,199 $ 211,124 252,815 255,572
Fire - 203
Personal Services 1,979,554 $ 2,571,513 2,889,678 2,952,931 Services and Supplies 587,735 711,968 645,625 638,760
Capital Outlay - - - -
Total: 2,567,289 $ 3,283,481 3,535,303 3,591,691
Community Development
Planning - 301
Personal Services 319,847 $ 333,165 355,595 269,575
Services and Supplies 172,363 120,522 64,200 44,368
Capital Outlay - - - -
Total: 492,210 $ 453,687 419,795 313,943

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
General Fund
Departmental Expenditure Account Detail
Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Building - 302
Personal Services 361,010 $ 268,196 434,368 436,119
Services and Supplies 113,802 166,243 76,750 67,601
Capital Outlay - - - -
Total: 474,812 $ 434,439 511,118 503,720
Public Works
Engineering - 401
Personal Services 350,213 $ 307,278 351,015 405,850
Services and Supplies 20,185 26,023 12,000 12,165
Capital Outlay - - - -
Total: 370,398 $ 333,301 363,015 418,015
Facilities - 404
Personal Services 73,144 $ 76,043 79,290 82,347
Services and Supplies 39,217 35,800 54,100 44,687
Capital Outlay - 32,837 - -
Total: 112,361 $ 144,680 133,390 127,034
Fleet Services - 403
Personal Services 149,354 $ 187,805 237,981 201,287
Services and Supplies 72,719 73,498 66,000 66,990
Capital Outlay - - - -
Total: 222,073 $ 261,303 303,981 268,277
Streets - 402
Personal Services 343,974 $ 371,749 366,855 442,729
Services and Supplies 130,257 132,368 118,000 119,740
Capital Outlay - - - -
Total: 474,231 $ 504,117 484,855 562,469

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
General Fund
Departmental Expenditure Account Detail
Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Parks and Recreation
Swimming Pool - 502
Personal Services 16,067 $ 14,789 16,113 15,397
Services and Supplies 15,639 4,815 43,855 84,898
Capital Outlay - - - -
Total: 31,706 $ 19,604 59,968 100,295
Parks Maintenance - 501 / 504
Personal Services 202,763 $ 212,024 238,820 218,982
Services and Supplies 76,261 195,665 220,000 186,725
Capital Outlay - - - -
Total: 279,024 $ 407,689 458,820 405,707
Recreation - XX (In Parks FY 2020-21 Amended)
Personal Services - $ - - -
Services and Supplies - - - -
Capital Outlay - - - -
Total: - $ - - -
Non-Departmental / Other
Non-Departmental - 601
Personal Services 440,487 $ 521,976 549,257 240,000
Services and Supplies 1,140,468 1,150,652 1,213,002 1,165,775 Cost Allocation - - - -
Appropriation for Contingency 95,843 278,772 250,000 150,000 Appropriation from Designated Reserves - - 320,000 -
Reimbursable Costs - - - -
Capital Outlay - - 400,000 -
Total: 1,676,798 $ 1,951,400 2,732,259 1,555,775

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
General Fund
Departmental Expenditure Account Detail
Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Debt Service - 5275
Facility Improvements - $ - - -
Pension Obligation Bonds 908,914 890,491 890,326 906,633 Opterra Solar / Backhoe Leases 110,190 97,732 136,295 134,825 Total: 1,019,104 $ 988,223 1,026,621 1,041,458
Transfers Out - 5899
Capital Projects - Fund 180 192,326 $ 45,501 135,000 300,000 Vehicle Replacement - Fund 310 - - - -
Fire Reserve Fund - Fund 121 - - - -
Dorsey Marketplace - 6208 (Reimbursed) - - - -
Total: 192,326 $ 45,501 135,000 300,000
Total Appropriations - General Fund 13,992,552 $ 15,827,390 $ 17,502,605 $ 16,819,472 $ Total Personal Services: $ 9,821,298 8,415,720 $ 10,840,754 $ 10,710,910 $ Total Services and Supplies: 4,762,568 4,106,490 4,638,648 4,727,850 Total Cost Allocations: (196,149) - (163,418) (165,746) Total Capital Outlay: 127,177 163,069 455,000 55,000
Total Debt Service: 988,223 1,019,104 1,026,621 1,041,458 Total Appropriation Of Designated Reserves: - - - -
Total Reimbursable Costs: - - - -
Total Transfers Out: 45,501 192,326 135,000 300,000
Total Appropriation For Contingency: 95,843 278,772 250,000 250,000

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Measure N Sales Tax $ - - - -
Measure E Sales Tax 6,634,724 6,987,724 6,900,000 7,250,000 Fire Department Response Reimbursement 23,087 3,576 5,000 5,000 Interest Income 17,371 16,131 25,000 25,000
Other Income 5,790 227,362 - -
$ 6,680,972 7,234,793 6,930,000 7,280,000
Expenditures:

Police - Personal Services $ 1,442,142 1,474,359 1,628,988 1,596,647 Police - Non-Personal Services 46,818 129,807 188,475 195,975 Fire - Personal Services 902,742 1,351,543 1,247,207 1,554,398 Fire - Non-Personal Services 95,286 129,072 175,204 168,894 Public Works - Personal Services - - - -
Public Works - Non-Personal Services 20,433 34,560 - -
Safety - CalPERS UAAL Amortization 253,308 312,237 194,586 124,036 Safety - Liability Insurance 58,965 70,688 92,121 84,779 Safety - Worker's Compensation Costs 43,734 71,990 59,644 61,135 - -
Police - Capital Outlay $ 129,937 283,037 725,000 250,000 Fire - Capital Outlay 265,298 89,489 238,913 981,913
Debt Servce - Parks Funding - - 654,000 654,000
Direct Capital Outlay - Streets / Parks / PS 1,011,674 1,794,564 900,000 1,025,000 Transfers Out - Capital Projects Fund 916,780 1,445,910 1,625,000 3,530,000 Transfers Out - Gas Tax Fund - - 263,269 -
$ 5,187,117 7,187,256 7,992,407 10,226,777
Excess (deficit) of revenues over expenditures $ 1,493,855 47,537 (1,062,407) (2,946,777) Beginning Fund Balance $ 2,933,713 4,427,568 4,475,105 3,412,698 Ending Fund Balance $ 4,427,568 4,475,105 3,412,698 465,921 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Measure E Fund (Fund 200)

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Measure E Fund (Fund 200)
Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Capital Expenditures
Police Capital - Vehicles / Buildout $ 118,900 215,325 175,000 200,000 Police Capital - Equipment 11,037 67,712 50,000 50,000
Fire Capital - Fire Truck - - - 928,000
Fire Capital - Vehicles / Buildout 8,311 8,429 213,913 53,913 Fire Capital - Equipment / Radios 256,987 81,060 25,000 - 63910 - Police Dept. Radio Infrastructure 6,428 921,984 500,000 - 64100 - Lyman Gilmore Field - - - -
64110 - Park Bathrooms - - - -
64130 - Minnie Park / Memorial Park Projects - - -
64140 - Measure E Park Projects / Maintenance 1,005,246 872,580 200,000 925,000 63350 - Wolf Creek Train Eng / Enivoronmental - - - 100,000 XXXX - Condon Parking Lot Improvement - - 200,000 -
66100 - Bank Street Park Playground Upgrade - - 500,000 - Trf to Gas Tax 61220 - Annual Street Mtc - - 368,269 -
Trf to Capital 66101 - Sierra College Fields - - - 1,000,000 Trf to Capital XXXX - Main Street Resealing - - - 200,000 Trf to Capital XXXX - Megenta Drain Restore. - - - 10,000 Trf to Capital 61220 - Annual Street Mtc - - 50,000 -
Trf to Capital 61330 - Annual Street Rehab 38,726 389,156 - - Trf to Capital 61420 - Pavement Mgmt Plan 1,699 - - -
Trf to Capital 63850 - Measure E Street Projects 806,290 - 100,000 1,770,000 Trf to Capital 64140 - Measure E Parks 60,017 47,008 75,000 - Trf to Capital 64150 - Memorial Park Pool / Fac 10,048 748,883 400,000 - Trf to Capital 63370 - Condon Connector - - - -
Trf to Capital 63420 - City Hall / GVPD Video - - - -
Trf to Capital 63440 - Mill Street Pkg Lot - 5,601 - -
Trf to Capital 63850 - Measure E Park Projects - 9,636 - - Trf to Capital 66005 - Mill Street Ped Plaza - - 1,000,000 500,000 Trf to Capital 66006 - Slate Creek Drainage 243,014 - - Trf to Capital 66007 - HSIP Improvements - 2,612 - 50,000 $ 2,323,689 3,613,000 3,857,182 5,786,913
FY 2023-24 Staff Allocations - Measure E Fund:

Police Department - 10.9 FTE
Fire Department - 11.2 FTE
Capital Expenditure Detail

Item # 2.

Actuals Actuals Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Water User Fees $ 2,241,783 2,148,476 2,200,000 2,200,000 Water Connection Fees 184,881 23,000 34,319 10,000
Lease Revenues 45,707 50,843 50,000 50,000
Interest Earnings 126,435 13,234 30,000 40,000
Miscellaneous Revenues 25 1,548 3,000 3,000
Proceeds of Debt - - - -
Transfers In From Other Funds - - - -
$ 2,598,831 2,237,101 2,317,319 2,303,000
Expenditures:

Administration - Personal Services $ 154,301 176,048 220,000 233,432 Administration - Non-Personal Services 195,826 132,346 190,000 190,000 Plant - Personal Services 179,566 142,825 165,000 157,633 Plant - Non-Personal Services 455,248 568,331 580,000 580,000 Distribution - Personal Services 183,765 183,134 180,000 217,065 Distribution - Non-Personal Services 152,723 193,708 140,000 140,000 CalPERS UAAL Payment 11,136 22,276 26,428 -
Workers Compensation Expenses 11,376 11,904 20,000 20,000 Debt Service 329,547 402,401 400,680 358,910
Information Technology Cost Allocation - 98,074 81,709 82,873 Capital Outlay 1,172 28,378 - -
Capital Expenses 114,845 210,435 165,000 2,230,000
Transfers Out - Capital Projects Fund 29,650 - 700,000 50,000 $ 1,819,155 2,169,860 2,868,817 4,259,913
Excess (deficit) of revenues over expenditures $ 779,676 67,241 (551,498) (1,956,913) Beginning Fund Balance $ 2,805,306 3,584,982 3,652,223 3,100,725 Ending Fund Balance $ 3,584,982 3,652,223 3,100,725 1,143,812 Reserved Fund Balance:

Safe Drinking Water Loan Debt Svc. Reserve $ 148,700 148,700 148,700 148,700 Trustee Cash - Capital Leases Payable - - - -
Pension Reserve 75,000 75,000 75,000 75,000
Working Capital Reserve 325,000 325,000 325,000 250,000 Water System Reinvestment Reserve 360,663 360,663 360,663 360,663 Emergency Reserve 300,000 300,000 300,000 300,000
Connection Fee Capital Reserve - - - -
Unobligated Fund Balance $ 2,375,619 2,442,860 1,891,362 9,449 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Water Fund (Fund 500)

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Water Fund (Fund 500)
Actuals Actuals Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Capital Expenditures
- - -
Trf Capital 61430 - Financial System Replcmt $ 29,650 - - - Trf Capital 64150 - Memorial Park CDBG Project - - 700,000 - Trf to Capital XXXX - Mill Street Ped Plaza - - - 50,000 XXXX - Water Line Repl - Linden / Church - - - 530,000
65240 - Water Systems Plan - - - 50,000
65280 - 2011 Water Line (Depot Street) - - - 600,000
65300 - Broadview Heights Booster Stn - - - 200,000
65330 - Water Treatment Plant Maintenance 54,105 - 5,000 250,000 65340 - Annual Water System Maintenance 60,727 191,565 150,000 250,000 65340X - Water Sampling Station Rplcmts - - - 250,000
65350 - Annual Flushing Program - - - 100,000
65230 - Water Rate Impact Fee Study - 18,870 10,000 -
65370 - Richardson St Line Replacement 13 - - -
$ 144,495 210,435 865,000 2,280,000
Capital Expenditure Detail

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Wastewater Service Fees $ 4,792,139 4,910,741 4,750,000 4,750,000 Industrial Waste Permits 362,183 243,645 250,000 250,000 Sewer Connection Fees 428,155 177,005 406,351 50,000
Grants 1,513,809 - - -
Lease Agreement Revenues - - - -
Miscellaneous Revenues - - - -
Interest Earnings 16,668 25,878 75,000 225,000
Expense Reimbursements - - - -
Gain on Sales of Assets - - - -
Transfers In From Other Funds - - - -
$ 7,112,954 5,357,269 5,481,351 5,275,000
Expenditures:

Administration - Personal Services $ 182,033 230,279 260,000 296,471 Administration - Non-Personal Services 385,774 263,491 325,000 325,000 Plant - Personal Services 784,471 597,945 640,000 611,153 Plant - Non-Personal Services 1,259,149 998,174 1,350,000 1,350,000 Collection - Personal Services 184,535 118,085 160,000 172,296 Collection - Non-Personal Services 90,433 168,376 80,000 80,000 CalPERS UAAL Payment 32,675 48,726 44,844 -
Workers Compensation Costs 28,994 22,774 32,575 33,000
Debt Service 1,448,310 1,515,867 1,467,153 931,589
Information Technology Cost Allocation - 98,074 81,709 82,873 Other Expenses - - - -
Capital Outlay - Equipment - 124,369 - -
Capital Expenses 1,429,108 30,369 45,000 5,110,000
Transfers Out - Capital Projects Fund 29,650 - - -
$ 5,855,132 4,216,529 4,486,281 8,992,382
Excess (deficit) of revenues over expenditures $ 1,257,822 1,140,740 995,070 (3,717,382) Beginning Fund Balance $ 5,948,751 7,206,573 8,347,313 9,342,383 Ending Fund Balance $ 7,206,573 8,347,313 9,342,383 5,625,001 Reserved Fund Balance:

Bond Reserve $ - - - -
Trustee Cash - Leases and Other Debt 1,109,052 585,453 - - FHMA Debt Service Reserve 134,362 134,362 134,362 134,362 Glenbrook Sewer Improvement Reserve - - - -
Working Capital Reserve 850,000 850,000 850,000 850,000 Pension Reserve 175,000 175,000 175,000 175,000
System Reinvestment Reserve 1,735,887 1,735,887 1,735,887 1,735,887 Emergency Reserve 750,000 750,000 750,000 750,000
Connection Fee Capital Reserve - - - -
Unobligated Fund Balance $ 2,452,272 4,116,611 5,697,134 1,979,752 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Sewer Fund (Fund 510)

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Sewer Fund (Fund 510)
Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Capital Expenditures
Trf Capital 61430 - Financial System Replcmt $ 29,650 - - - 66590 - NPDES 2008-13 - - - 60,000
66820 - Annual Sewer Maintenance 20,157 895 15,000 200,000 66890 - Annual WWTP Projects 154,261 141 5,000 2,200,000 66960 - 2018 WWTP Improvements Project 1,247,245 - 5,000 50,000 66940 - Slate Creek Lift Station 7,445 4,711 5,000 600,000 XXXX - Sewer Lining Project - - - 2,000,000
65230 - Sewer Rate Study - 24,622 15,000 -
$ 1,458,758 30,369 45,000 5,110,000
Capital Expenditure Detail

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Section 2103 Apportionment $ 85,832 102,053 116,885 134,935 Section 2105 Apportionment 65,543 71,718 82,164 89,355
Section 2106 Apportionment 92,323 107,667 106,233 115,282 Section 2107 Apportionment 88,690 79,655 98,427 107,327 Section 2107.5 Apportionment 3,000 3,000 3,000 3,000
Road Repair / Accountability Act / Loan Repay 238,498 263,269 295,329 336,615 Proposition 42 Local Improvements - - - -
LTF / RSTP Funding (NCTC Pass-Through) - - - -
Transfers In - Measure E Fund - - 263,269 -
Interest Earnings 3,497 1,528 5,000 5,000
$ 577,383 628,890 970,307 791,514
Expenditures:

Capital Outlay - Street Sweeper $ - - - -
Transfers Out - General Fund - - 3,000 3,000
Transfers Out - Traffic Safety Fund 175,147 134,079 140,000 136,800 Transfers Out - Capital Projects Fund 631,620 187,005 1,010,000 861,000 $ 806,767 321,084 1,153,000 1,000,800
Excess (deficit) of revenues over expenditures $ (229,384) 307,806 (182,693) (209,286) Beginning Fund Balance $ 324,017 94,633 402,439 219,746 Ending Fund Balance $ 94,633 402,439 219,746 10,460
Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Capital Expenditures
Trf to Capital 61220 - Street Maintenance $ 122,296 11,631 100,000 156,000 Trf to Capital 61300 - Dorsey Drive - - - -
Trf to Capital 61330 - Street Rehab 505,000 175,000 750,000 295,000 Trf to Capital 61420 - Pavement Mgt Plan - - - -
Trf to Capital 63630 - Annual Sidewalks 4,324 374 25,000 30,000 Trf to Capital 63350 - Wolf Creek Trail - - - -
Trf to Capital 63450 - McCourtney Road ATP - - - 10,000 Trf to Capital XXXX - S. Auburn Street Renov - - - 330,000 Trf to Capital XXXX - Bennett St Bridge - - 35,000 40,000 $ 631,620 187,005 910,000 861,000
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Gas Tax Fund (Fund 201)
Capital Expenditure Detail

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Parking Citation Revenue $ 19,452 25,500 20,000 20,000
Transfer In - Gas Tax Fund 175,147 134,079 140,000 136,800 Expense Reimbursements - - - -
Interest Earnings (90) - 100 100
$ 194,509 159,579 160,100 156,900
Expenditures:

Utilities Costs $ 108,076 119,600 125,000 130,000
Professional Services / Contracts 52,408 41,500 30,000 30,000 Parking Citations - - 1,000 1,000
$ 160,484 161,100 156,000 161,000
Excess (deficit) of revenues over expenditures $ 34,025 (1,521) 4,100 (4,100) Beginning Fund Balance $ (32,504) 1,521 - 4,100
Ending Fund Balance $ 1,521 - 4,100 -
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Traffic Safety Fund (Fund 202)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Strike Team Revenues $ 131,212 107,230 50,000 50,000
Other Revenues - 899 - -
Interest Earnings 825 972 2,000 2,000
$ 132,037 109,101 52,000 52,000
Expenditures:

Fire Department Expenditures $ 27,359 70,554 100,000 100,000 $ 27,359 70,554 100,000 100,000
Excess (deficit) of revenues over expenditures $ 104,678 38,547 (48,000) (48,000) Beginning Fund Balance $ 82,234 186,912 225,459 177,459 Fund Balance Reserved - Nev. City Apparatus $ - 15,000 15,000 15,000 Ending Fund Balance $ 186,912 210,459 162,459 114,459
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Fire Reserve Fund (Fund 203)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Other Revenues $ - - - -
Interest Earnings 14 11 25 25
$ 14 11 25 25
Expenditures:

Safety Expenditures $ - - - -
$ - - - -
Excess (deficit) of revenues over expenditures $ 14 11 25 25 Beginning Fund Balance $ 4,515 4,529 4,540 4,565
Ending Fund Balance $ 4,529 4,540 4,565 4,590
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
DUI Grant Fund (Fund 204)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues 120,424 114,041 74,599 500,000
Interest Earnings - - - -
120,424 114,041 74,599 500,000
Expenditures:

EPA Site Assessment Expenditures 121,841 122,632 51,438 500,000 121,841 122,632 51,438 500,000
Excess (deficit) of revenues over expenditures (1,417) (8,591) 23,161 - Beginning Fund Balance (13,153) (14,570) (23,161) -
Ending Fund Balance (14,570) (23,161) - -
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
EPA Site Grant Fund (Fund 205)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Local Drainage Impact Fees $ 38,625 10,591 10,440 -
Parking in Lieu Fees - 14,518 - -
Fire Services Impact Fees 64,197 14,461 7,846 -
Police Services Impact Fees 25,249 7,144 7,841 -
Admin / General Facilities Impact Fees 34,525 7,245 2,602 - Subdivision Map Act Fees 4,700 - - -
Regional Circulation Impact Fees 3,902 - - -
Regional Storm Drainage Impact Fees - - - -
Parks / Recreation Impact Fees 205,840 37,932 16,019 -
GV Transportation Improvement Impact Fees 231,586 53,300 157,859 - GV Transportation Administrative Fees 6,137 529 1,579 - Glenbrook Basin Traffic Impact Fees 1,388 1,729 4,004 - McKnight Way Recapture Impact Fees 5,580 - - -
Interest Earnings 28,391 14,098 75,000 75,000
$ 650,120 161,547 283,190 75,000
Expenditures:

Police Department Capital Outlay $ - 17,795 - -
Fire Department Capital Outlay - 103,828 - -
City Hall / Park Impvmts Capital Outlay - 24,157 - -
Property Purchase / Regional Circulation 284,996 269,436 - Transfers Out - General Fund - - - -
Net Transfers Out - Capital Projects Fund - - 571,621 2,356,181 $ - 430,776 841,057 2,356,181
Excess (deficit) of revenues over expenditures $ 650,120 (269,229) (557,867) (2,281,181) Beginning Fund Balance $ 2,959,039 3,609,159 3,339,930 2,782,063 Ending Fund Balance $ 3,609,159 3,339,930 2,782,063 500,882 Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Capital Expenditures
Trf Capital 66005 - Mill Street Ped Mall. $ - - 561,621 - Trf Capital 61100 - Storm Drain Plan - - - 300,000
Trf Capital 63452 - Centennial Dr Realignment - - - 1,200,000 Trf Capital 63440 - Mill Street Parking Lot - - 10,000 506,181 Trf Capital 63420 - City Hall / PD Security - - - -
Trf Capital 63451 - Bennett & Ophir Circulation - - - 200,000 Trf Capital 63750 - Playground Maintenance - - - -
Trf Capital 63770 - McKnight Analysis - - - -
Trf Capital 63970 - East Main Improvements - - - -
Trf Capital 63820 - Matson Creek Phase I - - - 150,000
Trf Capital 63840 - WM/S/C Ped Impvmets - - - -
Trf Capital 63870 - GVTIF Update - - - -
Trf Capital 63360 - Wolf Creek Trail - - - -
$ - - 571,621 2,356,181
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Developer Impact Fee Fund (Fund 206)
Capital Expenditure Detail

Item # 2.

City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Developer Impact Fee Fund (Fund 206)
Actual Actual Mid-Year Budget Prelim. Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Fund Balances
Reserve for Parking In Lieu $ 75,152 89,670 - -
Reserve for Local Circulation 471,951 471,951 - -
Reserve for Local Drainage 279,872 290,463 300,903 903
Reserve for Police Services 45,736 35,085 42,926 42,926 Reserve for Fire Services 101,592 12,225 20,071 20,071
Reserve for Admin / General Facilties 71,759 79,004 81,606 81,606 Reserve for Regional Circulation 801,177 516,181 506,181 - Reserve for Regional Drainage 153,994 153,994 153,994 3,994 Reserve for Parks and Recreation 266,011 303,943 50,526 50,526 Reserve for SMA Map Act Fees 39,292 39,292 39,292 39,292 Reserve for GVTIF 1,261,370 1,314,670 1,472,529 72,529
Reserve for GVTIF Administration 27,407 27,936 29,515 29,515 Reserve for Glenbrook Basin 5,032 6,761 10,765 10,765
Reserve for Glenbrook Basin Administration 268 268 268 268 Reserve for McKnight Recapture 15,958 15,958 15,958 15,958 Unobligated Fund Balance (7,412) (17,471) 57,529 132,529 $ 3,609,159 3,339,930 2,782,063 500,882
Fund Balance Detail

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Transfers In - General Fund $ - - - -
Transfers In - Measure N Fund - - - -
Other Revenues - Surplus Sales 131,249 14,585 - -
Interest Earnings 12 190 - -
$ 131,261 14,775 - -
Expenditures:

Capital Outlay - Vehicle Replacement $ - 110,842 - -
Vehicle Lease Expenses 31,476 36,556 34,962 2,694
$ 31,476 147,398 34,962 2,694
Excess (deficit) of revenues over expenditures $ 99,785 (132,623) (34,962) (2,694) Beginning Fund Balance $ 70,494 170,279 37,656 2,694
Ending Fund Balance $ 170,279 37,656 2,694 -
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Vehicle Replacement Fund (Fund 225)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Other Revenues $ - - - -
Interest Earnings 316 418 1,000 2,500
$ 316 418 1,000 2,500
Expenditures:

Park Expenditures $ - - - -
$ - - - -
Excess (deficit) of revenues over expenditures $ 316 418 1,000 2,500 Beginning Fund Balance $ 101,409 101,725 102,143 103,143 Ending Fund Balance $ 101,725 102,143 103,143 105,643
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
E. Daniels Park Fund (Fund 450)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Other Revenues $ - - - -
Interest Earnings 3 22 - -
$ 3 22 - -
Expenditures:

Police Expenditures $ - 4,895 - 2,145
Trf to Capital - 63420 - City Hall / GVPS Security - - - - $ - 4,895 - 2,145
Excess (deficit) of revenues over expenditures $ 3 (4,873) - (2,145) Beginning Fund Balance $ 7,015 7,018 2,145 2,145
Ending Fund Balance $ 7,018 2,145 2,145 -
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Animal Shelter Fund (Fund 451)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Federal Aid / FEMA - - - -
Misc. Intergovernmental Revenue - - 608,687 -
RSTP Funding 240,000 150,000 - 300,000
HSIP Funding - - - 250,000
Miscellaneous Grants 532,645 - 50,590 750,000
CARES Act Funding 158,846 - - -
CDBG Federal Grant - 2,416,473 600,000 -
CMAQ / SRF / HBSP / ATP Misc Grant Revenues 457,846 21,719 120,000 1,385,000 CSRAA Funding - - - 64,000
General Expense Reimbursements 5,146 3,506 3,000 -
General Fund Direct Funding (Mill St Ped Plz) - - 400,000 - General Fund Reserve Funding (Fuel Stn) - - 320,000 -
Transfers In - General Fund 192,326 45,501 135,000 300,000 Transfer In - Measure E Fund 916,780 1,445,911 1,625,000 3,530,000 Transfer In - Gas Tax Fund 631,620 187,005 1,010,000 861,000 Transfers In - Mitigation Fee Fund - - 571,621 2,356,181 Transfers In - Spl Proj Fund 1,324,385 688,038 5,510,329 3,000,000 Transfers In - Water Fund 29,650 - 700,000 50,000
Transfers In - Sewer Fund 29,650 - - -
Transfers In - Animal Shelter Fund - - - -
CDBG Funding 366,094 393,906 - -
4,884,988 5,352,059 11,654,227 12,846,181
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Capital Projects Fund (Fund 300)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Capital Projects Fund (Fund 300)
Capital Projects Expenditures:

Undistributed Capital - 34,222 - -
61100 - Storm Drain Plan - - - 300,000
61220 - 2009 Street Maintenance Projects 122,296 11,631 150,000 220,000 61330 - Annual Street Rehabilitation 783,426 714,156 850,000 555,000 61360 - Annual Storm Drain Maintenance 46,379 23,518 35,000 50,000 61380 - COVID-19 Expenditures 156,214 - - -
61390 - PSPS Grant Projects 43,324 3,938 - -
61400 - ARPA Expenditures 4,559 112,637 - -
61420 - Pavement Mmgt Plan 1,699 - - -
61430 - Financial System Replacement 163,124 - - -
61450 - Memorial Park Pool Renovation 10,048 5,548 - -
62610 - NCTC Planning 5,707 3,701 3,000 -
XXXX - Condon / Scotten Field - - 3,000,000 -
XXXX - Sierra College Field - - - 4,000,000
63260 - Storm Damage / Repairs 206,259 13,794 - -
63270 - Peabody Creek Restoration 53,415 - - -
63280 - 2021 Winter Storm Damage - 514,362 165,150 -
63300 - Main Street Resealing - - - 200,000
63350 - Wolf Creek Trail Project Study Report 49,129 109,144 120,000 - 63370 - Condon Connector 461,327 - - -
63440 - Mill Streert Parking Lot 4,189 5,600 10,000 506,181 63450 - McCourtney Road Ped Imp 2,004 - 10,000 810,000
63451 - Bennett & Ophir Circulation - - - 200,000
63452 - Centennial Drive Realignment - - - 1,200,000
XXXX - S Auburn / Colfax Roundabout - - - 300,000
XXXX - Magenta Drain Restoration - - - 40,000
XXXX - Streetlight Ownership Conversion - - - 200,000
XXXX - Southern Sphere Infrastructure Study - - - 200,000 XXXX - S. Auburn Street Renovation - - - 1,100,000
63630 - Annual Sidewalk Repairs / Maintenance 4,324 374 25,000 30,000 63740 - Florance Avenue Project - - - -
63750 - Playground Maintenance Projects 162 - 50,000 50,000 XXXX - Bennett Street Bridge - - 35,000 115,000
63820 - Maston Creek Phase I - - - 150,000
63850 - Measure E Street Rehabilitation 806,290 9,636 100,000 1,770,000 63900 - Aerial Survey Update 39,959 7,993 - -
61390 - Fuel Station Installation - - 360,000 -
64140 - Meas. E Park Prj (Condon Skate Park) 60,016 47,008 75,000 - 64150 - CDBG Memorial Park Facility Impv 366,094 3,553,714 1,700,000 - 66005 - Mill Street Pedestrian Plaza 2,030 575,421 4,471,950 550,000 66007 - HSIP Improvements - 2,611 - 300,000
66006 - Slate Creek Drainage - 243,014 - -
3,391,974 5,992,022 11,160,100 12,846,181
Excess (deficit) of revenues over expenditures 1,493,014 (639,963) 494,127 - Beginning Fund Balance (1,389,399) 103,615 (536,348) (42,221) Ending Fund Balance 103,615 (536,348) (42,221) (42,221)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Intergovernmental Revenue $ - 404,523 1,950,000 -
RTMF Reimbursements 124,000 307,666 - -
Debt Proceeds - Parks Projects - 6,003,493
ARPA Funding - 1,533,049 1,533,049 -
Interest Earnings 5,038 24,094 500 150,000
$ 129,038 8,272,825 3,483,549 150,000
Expenditures:

Streets Materials Costs $ - 35,828 - -
Purchase of Property - - - -
Captial Outlay - Parking Lot Construction - - - -
Trf to Capital - XXXX - Sierra College Field - - - 3,000,000 Trf to Capital 64140 - Condon / Scotten Turf - - 3,000,000 - Trf to Capital 63260 - Storm Damage Repairs 1,320,196 - - - Trf to Capital 66005 - Mill Street Ped Plaza - 575,421 2,510,329 - Trf to Capital 61400 - ARPA Expenditures - 112,617 - -
Trf to Capital 63440 - Mill Street Parking Lot 4,189 - - - $ 1,324,385 723,866 5,510,329 3,000,000
Excess (deficit) of revenues over expenditures $ (1,195,347) 7,548,959 (2,026,780) (2,850,000) Beginning Fund Balance $ 1,661,406 466,059 8,015,018 5,988,238 Ending Fund Balance $ 466,059 8,015,018 5,988,238 3,138,238 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Special Projects Fund (Fund 310)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Assessments $ 24,702 24,840 27,454 29,100
Interest Earnings 159 (441) 400 500
$ 24,861 24,399 27,854 29,600
Expenditures:

Personal Services $ 534 697 604 500
Operating Materials - - - -
Utilities 13,128 12,848 9,000 10,000
Outside Services 7,476 5,940 7,000 44,050
Other Expenditures 241 249 249 250
$ 21,379 19,734 16,853 54,800
Excess (deficit) of revenues over expenditures $ 3,482 4,665 11,001 (25,200) Beginning Fund Balance $ 35,068 38,550 43,215 54,216
Ending Fund Balance $ 38,550 43,215 54,216 29,016
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Whispering Pines Improvement District - L&L Fund (Fund 210)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Assessments $ 5,628 5,694 6,179 5,791
Interest Earnings 46 (94) 40 100
$ 5,674 5,600 6,219 5,891
Expenditures:

Personal Services $ 622 394 250 350
Operating Materials - - - -
Utilities 1,834 2,319 2,500 1,500
Outside Services 15,020 850 2,500 3,711
Other Expenditures 226 226 226 230
$ 17,702 3,789 5,476 5,791
Excess (deficit) of revenues over expenditures $ (12,028) 1,811 743 100 Beginning Fund Balance $ 17,450 5,422 7,233 7,976
Ending Fund Balance $ 5,422 7,233 7,976 8,076
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Litton Business Park Improvement District - L&L Fund (Fund 211)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Assessments $ 24,475 24,799 26,811 28,416
Interest Earnings 97 (214) 40 400
$ 24,572 24,585 26,851 28,816
Expenditures:

Personal Services $ 346 395 311 296
Operating Materials - - - -
Utilities 8,015 9,354 7,500 8,900
Outside Services 11,463 7,441 8,000 45,000
Other Expenditures 201 210 210 220
$ 20,025 17,400 16,021 54,416
Excess (deficit) of revenues over expenditures $ 4,547 7,185 10,830 (25,600) Beginning Fund Balance $ 15,837 20,384 27,569 38,399
Ending Fund Balance $ 20,384 27,569 38,399 12,799
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Morgan Ranch Improvement District - L&L Fund (Fund 212)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Assessments $ 3,127 3,100 3,200 3,390
Interest Earnings 16 (62) 40 25
$ 3,143 3,038 3,240 3,415
Expenditures:

Personal Services $ 1,238 885 290 190
Operating Materials - - - -
Utilities 2,055 2,525 2,100 1,700
Outside Services 1,604 1,452 2,000 1,400
Other Expenditures 201 210 110 100
$ 5,098 5,072 4,500 3,390
Excess (deficit) of revenues over expenditures $ (1,955) (2,034) (1,260) 25 Beginning Fund Balance $ 7,946 5,991 3,957 2,697
Ending Fund Balance $ 5,991 3,957 2,697 2,722
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Ventana Sierra Improvement District (Fund 213)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Assessments $ 3,768 3,917 4,234 4,448
State Reimbursements - Other 17,717 - - -
Interest Earnings 39 (77) - -
$ 21,524 3,840 4,234 4,448
Expenditures:

Personal Services $ 848 298 314 200
Operating Materials - - - -
Utilities 1,021 1,228 700 800
Outside Services 1,554 6,742 10,000 300
Other Expenditures 228 210 230 180
$ 3,651 8,478 11,244 1,480
Excess (deficit) of revenues over expenditures $ 17,873 (4,638) (7,010) 2,968

Beginning Fund Balance $ (10,079) 7,794 3,156 (3,854)
Ending Fund Balance $ 7,794 3,156 (3,854) (886)
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Scotia Pines Improvement District (Fund 214)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Assessments $ 1,200 480 480 480
Interest Earnings 53 (238) 150 180
$ 1,253 242 630 660
Expenditures:

Personal Services $ 401 592 285 265
Operating Materials - - - -
Utilities - - - -
Outside Services 20 - - 10,000
Other Expenditures 212 210 215 215
$ 633 802 500 10,480
Excess (deficit) of revenues over expenditures $ 620 (560) 130 (9,820) Beginning Fund Balance $ 18,705 19,325 18,765 18,895
Ending Fund Balance $ 19,325 18,765 18,895 9,075
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Morgan Ranch 2003-1 Improvement District - MA (Fund 215)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Assessments $ 1,200 750 750 750
Interest Earnings 28 (135) 100 100
$ 1,228 615 850 850
Expenditures:

Personal Services $ 401 592 200 275
Operating Materials - - - -
Utilities - - - -
Outside Services 20 - - 5,260
Other Expenditures 213 213 213 215
$ 634 805 413 5,750
Excess (deficit) of revenues over expenditures $ 594 (190) 437 (4,900) Beginning Fund Balance $ 10,277 10,871 10,681 11,118
Ending Fund Balance $ 10,871 10,681 11,118 6,218
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Morgan Ranch West BAD (Fund 216)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Assessments $ 500 500 500 500
Interest Earnings 28 (103) 10 80
$ 528 397 510 580
Expenditures:

Personal Services $ 267 392 100 180
Operating Materials - - - -
Utilities 100 129 125 100
Outside Services 20 - - 7,500
Other Expenditures 213 213 213 220
$ 600 734 438 8,000
Excess (deficit) of revenues over expenditures $ (72) (337) 72 (7,420) Beginning Fund Balance $ 8,353 8,281 7,944 8,016
Ending Fund Balance $ 8,281 7,944 8,016 596
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Morgan Ranch West Improvement District - L&L (Fund 217)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Assessments $ 9,268 9,144 8,000 8,000
Interest Earnings 72 (201) 200 100
$ 9,340 8,943 8,200 8,100
Expenditures:

Personal Services $ 797 782 500 300
Operating Materials - - - -
Utilities 720 640 750 650
Outside Services 6,994 6,336 15,000 8,930
Other Expenditures 219 219 230 220
$ 8,730 7,977 16,480 10,100
Excess (deficit) of revenues over expenditures $ 610 966 (8,280) (2,000) Beginning Fund Balance $ 17,058 17,668 18,634 10,354
Ending Fund Balance $ 17,668 18,634 10,354 8,354
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Ridge Meadows Improvement District - L&L (Fund 218)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Assessments $ 4,052 1,850 1,850 700
Interest Earnings 55 (181) 100 150
$ 4,107 1,669 1,950 850
Expenditures:

Personal Services $ 613 789 100 285
Operating Materials - - - -
Utilities - - - -
Outside Services 20 - - 6,200
Other Expenditures 219 219 215 215
$ 852 1,008 315 6,700
Excess (deficit) of revenues over expenditures $ 3,255 661 1,635 (5,850) Beginning Fund Balance $ 11,079 14,334 14,995 16,630
Ending Fund Balance $ 14,334 14,995 16,630 10,780
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Ridge Meadows BAD (Fund 219)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Downtown Assessments $ 59,200 56,362 58,000 58,000
Interest Earnings 89 (427) 250 250
$ 59,289 55,935 58,250 58,250
Expenditures:

DTA Community Contribution $ 66,821 50,000 60,000 60,000 Other Expenditures - - - -
$ 66,821 50,000 60,000 60,000
Excess (deficit) of revenues over expenditures $ (7,532) 5,935 (1,750) (1,750) Beginning Fund Balance $ 24,722 17,190 23,125 21,375
Ending Fund Balance $ 17,190 23,125 21,375 19,625
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Downtown Assessment District Fund (Fund 770)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

RPTTF Revenue $ 785,096 317,185 608,730 603,630
Other Revenues 10,000 47,507 41,745 -
Interest Earnings 14,752 3,413 5,000 12,500
Proceeds from Debt - Net - - - -
Transfer In from RORF Housing Fund - - - -
$ 809,848 368,105 655,475 616,130
Expenditures:

Personal Services $ 61,935 82,415 82,000 35,000
Non-Personal Services 9,118 22,187 15,000 15,000
Debt Payments 1,022,060 1,019,153 5,258,609 595,890
Transfer to Speical Projects Fund (ROPS Ob.) - - - -
$ 1,093,113 1,123,755 5,355,609 645,890
Excess (deficit) of revenues over expenditures $ (283,265) (755,650) (4,700,134) (29,760) Beginning Fund Balance $ 6,367,056 6,083,791 5,328,141 628,007 Ending Fund Balance $ 6,083,791 5,328,141 628,007 598,247 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Grass Valley Successor Agency Fund (Fund 780)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Program Income Revenues $ 29,536 - - -
Interest Earnings / Accrued Interest 3,177 32,713 32,713 32,713 $ 32,713 32,713 32,713 32,713
Expenditures:

Loans Provided $ - - - -
Administrative Expenses - - - -
$ - - - -
Excess (deficit) of revenues over expenditures $ 32,713 32,713 32,713 32,713 Program Income / Cash Balance: $ - - - -
Loan Receivable Balance: $ 4,290,378 4,323,091 4,355,804 4,388,517 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
02-HOME-0586 Fund (Fund 230)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs 56,000 63,430 138,600 -
Interest Earnings / Accrued Interest 11,576 6,733 30,935 10,000 $ 67,576 70,163 169,535 10,000
Expenditures:

Loans Provided $ - - - -
Administrative Expenses - - - -
$ - - - -
Excess (deficit) of revenues over expenditures $ 67,576 70,163 169,535 10,000 Program Income / Cash Balance: $ - 550,261 719,795 719,795 Loan Receivable Balance: $ 337,798 278,688 140,088 150,088 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
09-HOME-6272 Fund (Fund 231)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs - 140,774 - -
Interest Earnings / Accrued Interest 10,334 8,885 5,000 5,000 $ 10,334 149,659 5,000 5,000
Expenditures:

Loans Provided $ - - - -
Administrative Costs 15 - - -
Transfers Out to Other Funds - 149,659 - -
$ 15 149,659 - -
Excess (deficit) of revenues over expenditures $ 10,319 - 5,000 5,000 Program Income / Cash Balance: $ - - - -
Loan Receivable Balance: $ 406,559 265,785 270,785 275,785 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
12-HOME-8564 Fund (Fund 232)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Recapture / Re-Use Fees / Loan Payoffs 57,238 7,114 - - Transfers In 19,544 - -
Interest Earnings / Accrued Interest 48,403 10,117 10,000 10,000 $ 105,641 36,775 10,000 10,000
Expenditures:

Loans Provided $ - - - -
Transfers Out - - - -
Administrative Expenses 14,855 29,305 - -
$ 14,855 29,305 - -
Excess (deficit) of revenues over expenditures $ 90,786 7,470 10,000 10,000 Program Income / Cash Balance: $ 1,095 - - -
Loan Receivable Balance: $ 812,364 817,728 827,728 837,828 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
HOME Grant Fund (Fund 233)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loans Paid Off 100,405 - - -
Transfers In 379,374 -
Interest Earnings / Accrued Interest 35,749 1,108 2,500 2,500 $ 515,528 1,108 2,500 2,500
Expenditures:

Loans Provided $ - 75,000 - -
Transfers Out - 440,625 - -
Bad Debt Expense - - - -
Administrative Expenses - 3 - -
$ - 515,628 - -
Excess (deficit) of revenues over expenditures $ 515,528 (514,520) 2,500 2,500 Program Income / Cash Balance: $ 515,628 - - -
Loan Receivable Balance: $ 312,109 388,217 390,717 393,217 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
99-HOME-0369 Fund (Fund 234)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs - - - -
Transfers In - - - -
Interest Earnings / Accrued Interest 48,184 48,184 48,184 48,184 $ 48,184 48,184 48,184 48,184
Expenditures:

Loans Provided $ - - - -
Transfers Out - - - -
Bad Debt Expense - - - -
Administrative Expenses - - - -
$ - - - -
Excess (deficit) of revenues over expenditures $ 48,184 48,184 48,184 48,184 Program Income / Cash Balance: $ - - - -
Loan Receivable Balance: $ 1,778,985 1,827,169 1,875,353 1,923,537 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
00-HOME-0461 Fund (Fund 235)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - 425,000
Loan Payoffs - - - -
Transfers In - 78,824 - -
Interest Earnings / Accrued Interest - - 1,500 1,500
$ - 78,824 1,500 426,500
Expenditures:

Loans Provided $ - 75,000 - 400,000
Transfers Out - - - -
Bad Debt Expense - - - -
Administrative Expenses 3,824 3,824 - 25,000
$ 3,824 78,824 - 425,000
Excess (deficit) of revenues over expenditures $ (3,824) - 1,500 1,500 Program Income / Cash Balance: $ (3,824) - - -
Loan Receivable Balance: $ - 75,234 76,734 478,234
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
00-HOME-14968 Fund (Fund 236)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs 321 198,375 300 300
Transfers In - - - -
Interest Earnings / Accrued Interest 879 4,629 800 800
$ 1,200 203,004 1,100 1,100
Expenditures:

Loans Provided $ - - - -
Transfers Out 1,984 166,734 - -
Bad Debt Expense - - - -
Administrative Expenses 312 36,270 300 300
$ 2,296 203,004 300 300
Excess (deficit) of revenues over expenditures $ (1,096) - 800 800 Program Income / Cash Balance: $ - - 800 1,600
Loan Receivable Balance: $ 270,508 72,133 71,833 71,533 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
04-STBG-1960 Fund (Fund 240)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs - - - -
Transfers In - 361,580 - -
Interest Earnings / Accrued Interest - (4,553) 1,000 1,000 $ - 357,027 1,000 1,000
Expenditures:

Loans Provided - - -
Transfers Out $ - 394,948 - -
Bad Debt Expense - - - -
Administrative Expenses - 7,277 5,000 5,000
$ - 402,225 5,000 5,000
Excess (deficit) of revenues over expenditures $ - (45,198) (4,000) (4,000) Program Income / Cash Balance: $ 166,438 122,492 118,492 114,492 Loan Receivable Balance: $ - - - -
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
CDBG Fund (Fund 241)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs - 361,985 - -
Transfers In - - - -
Interest Earnings / Accrued Interest 3,945 2,650 1,000 1,000 $ 3,945 364,635 1,000 1,000
Expenditures:

Loans Provided $ - - - -
Transfers Out 69,349 178,840 - -
Bad Debt Expense - 187,441 - -
Administrative Expenses 988 430 300 300
$ 70,337 366,711 300 300
Excess (deficit) of revenues over expenditures $ (66,392) (2,076) 700 700 Program Income / Cash Balance: $ 1,041 - 700 1,400
Loan Receivable Balance: $ 539,379 177,393 177,393 177,393 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
CDBG Revolving Fund (Fund 242)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs 65,147 16,053 - -
Transfers In - - - -
Interest Earnings / Accrued Interest 3,004 - - -
$ 68,151 16,053 - -
Expenditures:

Loans Provided $ - - - -
Transfers Out 231,477 - - -
Bad Debt Expense - - - -
Administrative Expenses 208 16,053 - -
$ 231,685 16,053 - -
Excess (deficit) of revenues over expenditures $ (163,534) - - - Program Income / Cash Balance: $ 161 - - -
Loan Receivable Balance: $ 117,551 101,498 101,498 101,498 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
CDBG Revolving Loan Fund (Fund 243)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs 52,857 - - -
Transfers In - - - -
Interest Earnings / Accrued Interest - - - -
$ 52,857 - - -
Expenditures:

Loans Provided $ - - - -
Transfers Out 68,857 - - -
Bad Debt Expense - 4,203 - -
Administrative Expenses - - - -
$ 68,857 4,203 - -
Excess (deficit) of revenues over expenditures $ (16,000) (4,203) - - Program Income / Cash Balance: $ - - - -
Loan Receivable Balance: $ 4,203 - - -
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
CDBG Housing Fund (Fund 244)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs - - - -
Transfers In - - - -
Interest Earnings / Accrued Interest - - - -
$ - - - -
Expenditures:

Loans Provided $ - - - -
Transfers Out - - - -
Bad Debt Expense - 37 - -
Administrative Expenses - - - -
$ - 37 - -
Excess (deficit) of revenues over expenditures $ - (37) - - Program Income / Cash Balance: $ - - - -
Loan Receivable Balance: $ 37 - - -
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
86-STBG-217 Fund (Fund 245)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs 49,250 - - -
Transfers In - - - -
Interest Earnings / Accrued Interest 176 - - -
$ 49,426 - - -
Expenditures:

Loans Provided $ - - - -
Transfers Out 50,497 - - -
Bad Debt Expense - - - -
Administrative Expenses - - - -
$ 50,497 - - -
Excess (deficit) of revenues over expenditures $ (1,071) - - - Program Income / Cash Balance: $ - - - -
Loan Receivable Balance: $ - - - -
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
91-STBG-467 Fund (Fund 246)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs 2,582 2,437 2,500 2,500
Transfers In - - - -
Interest Earnings / Accrued Interest 730 599 700 700
$ 3,312 3,036 3,200 3,200
Expenditures:

Loans Provided $ - - - -
Transfers Out 6,304 2,816 - -
Bad Debt Expense - - - -
Administrative Expenses 240 220 200 200
$ 6,544 3,036 200 200
Excess (deficit) of revenues over expenditures $ (3,232) - 3,000 3,000 Program Income / Cash Balance: $ - - 3,000 6,000
Loan Receivable Balance: $ 22,919 20,482 17,982 15,482
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
95-STBG-897 Fund (Fund 247)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs 70,571 - - -
Transfers In - - - -
Interest Earnings / Accrued Interest 979 - - -
$ 71,550 - - -
Expenditures:

Loans Provided $ - - - -
Transfers Out - - - -
Bad Debt Expense - - - -
Administrative Expenses - - - -
$ - - - -
Excess (deficit) of revenues over expenditures $ 71,550 - - - Program Income / Cash Balance: $ - - - -
Loan Receivable Balance: $ - - - -
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
97-STBG-1118 Fund (Fund 248)

Item # 2.

Mid-Year Budget /
Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs - - - -
Transfers In - - - -
Interest Earnings / Accrued Interest - - - -
$ - - - -
Expenditures:

Loans Provided $ - - - -
Transfers Out - - - -
Bad Debt Expense - - - -
Administrative Expenses - - - -
$ - - - -
Excess (deficit) of revenues over expenditures $ - - - - Program Income / Cash Balance: $ - - - -
Loan Receivable Balance: $ 110,000 110,000 110,000 110,000 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
99-STBG-1362 Fund (Fund 249)

Item # 2.
.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs 3,285 3,318 3,400 3,600
Transfers In - - - -
Interest Earnings / Accrued Interest 234 201 150 100
$ 3,519 3,519 3,550 3,700
Expenditures:

Loans Provided $ - - - -
Transfers Out 6,783 3,327 - -
Bad Debt Expense - - - -
Administrative Expenses 191 192 191 191
$ 6,974 3,519 191 191
Excess (deficit) of revenues over expenditures $ (3,455) - 3,359 3,509 Program Income / Cash Balance: $ - - 3,209 6,718
Loan Receivable Balance: $ 37,231 33,914 30,514 30,314
City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
CDBG Doris Drive Fund (Fund 250)

Item # 2.

Actual Actual Mid-Year Budget Proposed Budget
FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24
Revenues:

Grant Revenues $ - - - -
Loan Payoffs 2,957 2,849 3,000 3,200
Transfers In - - - -
Interest Earnings / Accrued Interest 7,098 7,206 7,000 6,800 $ 10,055 10,055 10,000 10,000
Expenditures:

Loans Provided $ - - - -
Transfers Out 19,854 9,863 - -
Bad Debt Expense - - - -
Administrative Expenses 192 192 200 200
$ 20,046 10,055 200 200
Excess (deficit) of revenues over expenditures $ (9,991) - 9,800 9,800 Program Income / Cash Balance: $ - - 9,800 19,600
Loan Receivable Balance: $ 356,944 354,096 351,096 347,896 City of Grass Valley
Fiscal Year 2023-24 Proposed Budget
Housing Rehab Fund (Fund 251)

Item # 2.