7/19/2022
HUNINGTONE 000000
NCORPORATED
FY 2022/23 Adopted Budget Review
including the Revenues and
Expenditures Report
City Council Study Session
July 19, 2022
1 Presentation Overview
• FY2022/23 Budget Highlights
• General Fund Budget Review
• All Funds Revenues and Expenditure Report
• Overview of the Capital Improvement Program & Capital Equipment Budgets
COUNT CALLE
SUPPLEMENTAL
COMMUNICATION
Meeting Date: 7/19/2022
Aganda Nam No: 3S # 2(22-6622) 1
7/19/2022
FY2022/23 Budget Highlights
• Structurally balanced FY 2022/23 General Fund spending plan - $690K surplus › General Fund transfer to the Infrastructure Fund increased by 170% to $13.5M ($5M pre-COVID
> All Funds Budget is structurally balanced with planned use of prior year unspent revenues on one-time capital projects, equipment, technology, etc. > Capital Improvement Program (CIP) budget increased 139% to $59.7M ($25M pre-COVID
HB Recovery Funds $29.6M for Council projects
> FY 2022/23 Pension Payment $28M vs. $37.7M yielding $9.7M savings from refinancing 85% of pension debt at a historically low interest rate of 2.925% (saves $166.7M during 24-year period) BEAC
General Fund Budget Review
FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23
In millions Actual Actual Actual Adopted Adopted
Total Revenues $ 236.0 $ 225.2 237.0 $ 228.0 $ 283.2
Total Expenditures 228.9 223.5 226.8 228.0 269.0
Change in Fund Balance 7.1 1.7 10.2 - 14.2
HB Recovery Reserves (13.5)
Structural Surplus $ 7.1 $ 1.7 $ 10.2 $ $ 0.7
• General Fund is the City's main operating fund at 51% of the total All Funds budget • Contains 82.4% of the City's total personnel
• General Fund is structurally balanced with a $690K surplus • $29.6M in HB Recovery Funds for Council approved projects • $16.1M budgeted in FY2022/23
> $13.5M in HB Recovery Reserves to be budgeted at a later date 4 2
7/19/2022
HB Recovery Projects $29.6M
Projects Amount
Downtown Revitalization Improvements $1,750,000
Police Technology Infrastructure Improvements 3,000,000 Carr Park Improvements 326,925
Oak View Library / Community Center Rehabilitation 2,000,000 Public Safety Equipment 2,000,000
Senior on the Go Transportation Improvement 280,000
Broadband Infrastructure Improvements 1,000,000
World Skate Skatepark Development Planning 750,000
Mobility & Sustainability Capital Improvements 2,000,000 Joint Youth Training Center for Fire and Police 2,000,000 Arterial Beautification 1,000,000
HB Recovery Projects Budgeted in FY2022/23 $16,106,925
5 HB Recovery Projects $29.6M
Projects Amount
Comprehensive Homeless Response Plan Implementation / Healing Center $2,500,000
Permanent Supportive Housing / Healing Center 2,500,000 Major City Facility Upgrade Project 3,200,000
Grow HB Fund Business Loan Program - NDC 3:1 Match 2,000,000 HB Community Impact Loan Fund for Small Businesses 1,000,000 Economic Development Fund 2,000,000
Talbert Channel Multi-use Recreation Trail - Project Cancelled Funds to be Reallocated 300,000
HB Recovery Reserves - To be Budgeted 13,500,000
TOTAL HB RECOVERY PROJECTS $29,606,925
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HUNTINGTON
INCORPORATED
All Funds Revenues and
Expenditure Report
7 City of Huntington Beach
Adopted Budget - FY 2022/23
Revenuos and Exponditures Summary - All Funds
FY 2018/19 FY 2010/20 FY 2020/21 FY 2021/22 FY 2022/23
Actual Actual Nails Adopted Adopted
Rovonues
Property Tax
Sales Tax 5 107:38,79 $ 107688283 $ 161.201375 117.858.804 $ 187390505 57.399.504 Franchises 8.049,736
transent Occupancy tax 14.001.737 9,637,206 0,378,662 14.470,69 Utilty Users Tax 18,787.664 8.374,35 1868. 29
18,457,07€
License and Permits 007447
Fines and Forfeitures 4,300,180 3,402,638 3,794.131 4,533,981 Use of Money and Property 34.548,028 37,401,896 18,441,007 18,755,527 The decrease in Fund Balance is Revenue from Other Agencles 21.756,475 18,703,781 18,286,482 30.607.485 Charges from Current Services 107,044,788 99,327.898 103 572 10 1h s4 20n her ReMAnIA 4.033.591 5.720,915 2,594,386 1,115,979 1,835,775 the planned use of prior year on-Operating Revenue 28,188.746 23238.65: 395.588.980 44.762,351 98.843,602 rotal Revenue 404,070,788 394,530,950 790.476.147 395,255,745 unspent revenues on one-time 490,391,443
xpenditure Capital Improvement Projects
ersonnel Services 180,521,483 188.053.895 530,987,340
Utiltes 5,885,604 6,323.431 7,165.290 7.178.559 8,075,060 Purchased Water 16.435,060 16,386,899 17.143,545 18.450,000 18,655,000 (CIP), equipment, technological Equipment and Supplies 7.936,046 8.185.057 7.992,142 807057 Repairs and Maintenance 18645007 18,153.719 40 7677 improvements, etc.
Conferences and Training 871,741 820,800 692,258 1.024,738 1,221,569 Professional Services 6.453,049 7.279,529 8.395,743 11.356,057 14,516,651 Other Contract Services 24.830,385 23.583.476 24.201.250 29965 RAC 330,599 329,212
Claims Expense 1.223,424 7.726,04717,698,397 6,759,779
Insurance 719,307 3,777,228 4.749,634 NGTON
Pension Payments
Contribution to Private Agency 862,239 65.000 80,000 305,000 310,000 ayments to Other Goverment .761.706 4.711,245 9.236,058 3.994,004 4,031,435 CITY OF erdepartmental Charge BEACH
.694,911 9.351,069 8.837,995 0.059 8.028.907
Expense Nilorances 76×287 725326 7R4 RA2 637.079
311887 2007837 20000 2,772.557 3,437,000
50.100.622 76,682,629
45,198.731 45,338,093 67.756.292 136378.142
Total Expenditures 3 359,41,474 3 374,741,249 3 773,301,659 3 426421,323 3 632,025,772 Change in Fund Balance ^ 3 11890314 3 22789706 3 17474490 1 129165578 3(16943391 COUNTY 4 7/19/2022
All Funds Revenues & Expenditure Summary
FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23
In millions Actual Actual Actual Adopted Adopted
Total Revenues $ 404.1 $ 394.5 $ 790.5 $ 395.3 $ 490.4
Total Expenditures 359.5 371.7 773.3 424.4 532.0
Change in Fund Balance 44.6 22.8 17.2 (29.1) (41.6)
Capital Expenditures (One-Time Costs) 27.4 25.2 40.9 50.1 75.7 Structural Surplus $ 72.0 $ 48.0 $ 58.1 $ 21.0 $ 34.1
• In order to determine the structural surplus or deficit, one-time capital costs needs to be backed out.
• It is common practice for government agencies to allow fund balances (prior year unspent revenues) to accumulate in various funds for the purpose of spending them at a later date for one-time CIP or other designated and allowable uses. • Example: Fund 211 Drainage Fund has a negative change in fund balance of $2,645,000.
Funds were accumulated for major capital projects such as Heil Avenue storm water pump station and flood channel repairs.
9 HUNIINGTON
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Overview of the Capital
Improvement Program &
Capital Equipment Budgets
FEB. • 17, 1909, fi
COUNTY CALLORY
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FY 2021/22 CIP & Equipment Budget
Type Description Amount
CIP • $2.OM - Drainage & Storm Water Projects: Storm Drain Pump Station Improvements $39.3M • $6.8M - Facilities Projects: Harbour Clubhouse Improvements, Sports Complex LED Lighting Retrofit, Oak View Community Center Rehab, Helipad Rehab, Lifeguard and Jr. Lifeguard HQ Upgrades
$6.4M - Neighborhood Curb Ramps, Residential Overlay, Residential Alleys • $5.9M- Parks and Beach Projects: Bluff Top Park Improvements, Edison Park Reconfiguration, Glen View Park Improvements, Beach Parking Lot Rehabilitation, LeBard Park Improvements, Sun View Park Playground Improvements, Carr Park Improvements, Shroeder Park Improvements, Huntington Central Park Restrooms
• $5.1M - Sewer Lift Station Reconstruction and Sewer Lining • $10.4M - Streets & Transportation Projects: Arterial Rehab, Downtown Street Lighting, Citywide Mobility and Corridor Improvements, Traffic Signal Modification • $2.7M - Water Infrastructure Projects
Equipment & Police helicopters; fire engine and rescue boat; cardiac monitors/defibrillators; patrol vehicles; $10.8M Other Capital various network, software and workstation upgrades; library public computers; Public Works equipment replacement (vactor truck, service truck, forklifts, replacement motor for well/driver); parking pay stations; library material handling system
Capital $50.1M
Expenditures
11 FY 2022/23 CIP & Equipment Budget
Type Description Amount
CIP • $12.8M - Drainage & Storm Water Projects: Heil Ave Storm Water Pump Station, Storm Drain and $59.7M Channel Repairs, Half Round Grates
• $10.4M Facilities Projects: Joint Youth Training Center for Fire and Police, Oak View Community Center Rehab, Civic Center Generator and Main Switchgear Replacement, Police Communication Center and Traffic Office Remodel
• $4.2M- Neighborhood Curb Ramps and Residential Overlay • $3.2M - Parks and Beach Projects: Huntington Bluffs Stabilization Project, Carr Park Improvements, Edison Park Reconfiguration, Central Park Slater Playground Improvements • $8.2M - Sewer Projects: Humboldt & Davenport Sewer Lift Station • $17.5M - Streets & Transportation Projects: Arterial Beautification and Rehab, Downtown Revitalization, Bridge Rehab, Citywide Mobility and Corridor Improvements • $3.3M - Water Infrastructure Projects
Equipment & Ambulance; Urban Search and Rescue (USAR) truck; lifeguard rescue vessel and dive team vehicle; $16.0M Other Capital Self-Contained Breathing Apparatus (SCBA); cardiac monitors/defibrillators; various network, software and workstation upgrades; Police vehicle replacement and technology infrastructure mprovements; Public Works equipment replacement (backhoe, service truck, forklift, etc.); air ystem repair and replacement (Lifeguard HQ, Murdy Fire Station, Central Library); Seniors on the Go transportation improvements
Capital $75.7M
Expenditures
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Summary
> FY 2022/23 General Fund Budget is structurally balanced - $690K surplus > All Funds Budget is structurally balanced with planned use of prior year unspent revenues on one-time capital projects, equipment, technology, etc. > The City has a robust CIP budget of $59.7M in FY 2022/23 (139% increase from $25M pre-COVID)
> The City has $29.6M in the HB Recovery Funding for Council approved projects 13 Questions?