1 Budget Overview 2023–2025
Biennial Proposed Budget
2 Operating/CIP Budget • Biennial Budget Fiscal Years
2023-2025 Process
• Conservative Estimates • Prudent Spending Plan • Balanced General Fund Budget • Reserves Support CIP
Projects
Council Goals and Priorities 3
Financial
Solvency
Business
Development
Community
Values Public Safety
Sustainable
Future
4 Budget Methodology
The 2023-2025 Biennial Proposed Budget addresses a range of operational needs with specific focus on the City Council’s policy directives. The proposed budget was developed using the following criteria:
• Evaluated core revenues to forecast growth.
• Established appropriate use of one-time funds to free up ongoing funding for City’s core priorities.
• Continues to address long-term unfunded obligations.
• Maintains fund balance reserves at the recommended levels of 10%-50% of operating expenditures.
Expenditure Budget Overview All Funds 5
Fund Category FY 2023-24 FY 2024-25
Special Revenue Funds $ 66,344,131 $ 27,364,828
Construction Funds $ 55,034,613 $ 5,241,812
General Fund $ 32,720,461 $ 34,173,549
Wastewater Capital $ 29,799,218 $ 1,880
Water O & M $ 16,890,619 $ 13,633,789
Water Capital $ 12,230,420 $ 3,335,540
Measure C - City Services $ 9,787,886 $ 7,650,378
Wastewater O& M- CTF $ 6,724,731 $ 6,457,617
Wastewater O&M -MWQCF $ 5,044,729 $ 4,569,614
Measure C - LMFD $ 4,000,000 $ 4,120,000
Recycled Water Capital $ 316,311 $ 250,000
$ 238,893,119 $ 106,799,007
6 Public Safety,
$14,051,586 , 43%
General Government,
$5,293,135 , 16% Parks, Recreation, and
Maint. Srvcs, $4,273,404 ,
13%
Information Systems,
$3,858,373 , 12%
Finance, $1,942,736 ,
6%
Public Works , $1,027,126 , 3%
Community Development,
$989,061 , 3%
Capital Reserve,
$400,000 , 1%
Pension Stability,
$400,000 , 1%
GF - CIP , $266,740 ,
1%
Assessment Districts,
$218,300 , 1%
General Fund Expenditures Fiscal Year 2023-24
32.7 (in millions)
7 Transfer In,
$10,429,160 , 32%
Property Taxes,
$7,010,000 , 21%
Sales Taxes,
$7,000,000 , 21%
Intergovernmental ,
$3,560,000 , 11%
Franchise Taxes,
$1,480,000 , 4%
Other , $1,440,900 , 4%
Transient Occupany,
$900,000 , 3%
Current Service
Charges, $523,694 ,
2%
Licenses and Permits,
$292,306 , 1% Use of Property and
Money, $254,964 , 1%
Fines and Forteitures,
$100,400 , 0%
General Fund Anticipated Revenues Fiscal Year 23-24
33.0 (in million)
8 Net increase of (+)5
full time equivalent
positions for Fiscal
Year 2023/24.
In Fiscal Year
2024/25 there is a
net increase in
funded positions by
(+)3.
Citywide Position Changes
Position Changes Summary
2023/24
Changes
2024/25
Changes
COMMUNITY DEVELOPMENT -1 0
Assistant Community Development Director -1 0
PARKS, RECREATION AND MAINTENANCE SERVICES -3 0
Maintenance Worker I/II/III -4 0
Parks and Recreation Supervisor 1 0
PUBLIC WORKS 7 0
Administrative Assistant I/II/III 1 0
Compliance Engineer 1 0
Electrician / Instrument Technician 1 0
Maintenance Worker I/II/III 3 0
Utility Operator I/II/III 1 0
INFORMATION SYSTEMS 0 0
Information Technology Engineer I/II/III 1 0
Information Technology Technician -1 0
BUILDING SAFETY AND INSPECTIONS 0 0
Management Analyst I/II 1 0
Permit Technician I/II -1 0
POLICE 2 3
Animal Center Assistant 1 0
Police Forensic Analyst I/II 1 0
Police Officer 0 2
Property & Evidence Technician 0 1
CITYWIDE NET CHANGES TO POSITION ALLOCATION 5 3
9 Citywide Org Chart
City Council
City Attorney City Manager Commissions
Government
Services & City Clerk
Human Resources
Public Works
Police
Information Systems
Parks, Recreation &
Maintenance
Services
Planning
Commission
Finance
Community
Development
Parks & Recreation
Commission
Senior Advisory
Commission
Youth Advisory
Commission
Measure C Oversight
Committee
Citizens of Lathrop
Building
Public
Works
Public
Works
Building
Information
Technology
Information
Systems
10 General Fund Expenditure
Category Overview
11 10-Year Revenue Growth
12 General Fund Reserves (Projected)
The General Fund reserve is similar to a savings account in which money is set aside for unforeseen economic events. Although, staff expects growth to fuel Lathrop’s economy for Fiscal Years 2024 and 2025; we will continue to make conservative decisions over the next couple of years to maintain healthy General Fund reserves. The Proposed General Fund budget is balanced which means that expenditures are covered by revenues without the use of General Fund Reserves. The Proposed Budget FY 2023/24 ends the year with a General Fund Undesignated Reserve projection of approximately $9.4 million.
FY 2023
• $9,163,362
FY 2024
• $9,434,325
FY 2025
• $9,452,980