Revised 1/2023 5/11/2023 4:15 PM
For information regarding this Agenda please contact:
Olivia Nashed
City Clerk
Telephone: (209) 333-6702
A. Call to Order / Roll Call
B. Topics
B-1 Receive Presentation Regarding Fiscal Year 2023/24 Enterprise, Special Revenue, Capital Outlay and Vehicle/Equipment Replacement Funds (ISD)
C. Comments by Public on Non-Agenda Items
THE TIME ALLOWED PER NON -AGENDA ITEM FOR COMMENTS MADE BY THE PUBLIC IS LIMITED TO FIVE MINUTES.
Public comment may only be made on matters within the Lodi City Council's jurisdiction (Government Code Section 54954.3, Lodi City Council Protocol Manual Section 6.3l) . The Council cannot take action or deliberate on items that are not on this agenda unless there is an emergency and the need to take action on that emergency arose after this agenda was posted (Government Code Section 54954.2(b)(2)). All other items may only be referred for review to staff or placement on a future Council agenda.
If you wish to address the Council, please refer to the Notice at the beginning of this agenda. Individuals are limited to one appearance during this section of the Agenda.
D. Adjournment
Pursuant to Section 54954.2(a) of the Government Code of the State of California, this agenda was posted at least 72 hours in advance of the scheduled meeting at a public place freely accessible to the public 24 hours a day.
______________________________
Olivia Nashed
City Clerk
LODI CITY COUNCIL
Carnegie Forum
305 West Pine Street, Lodi
Notice Regarding Public Comments
Public Comment may be submitted in the following ways:
• In-person
• Email – [email protected]
Received no later than 4:30 p.m. on the business day prior to the meeting. • Mail – City Clerk’s Office, P.O. Box 3006, Lodi, CA 95241 • Hand delivered to: City Clerk’s Office, 221 W. Pine Street, Lodi, CA 95240 Received no later than 4:30 p.m. on the business day prior to the meeting
Public comment received via email, mail, or hand delivery will be provided to the City Council and included in the official minutes record of the meeting, but will not be read aloud at the meeting.
AGENDA – Shirtsleeve Session
Date: May 16, 2023
Time: 7:00 a.m.
All staff reports or other written documentation relating to each item of business referred to on the agenda are on file in the Office of the City Clerk, located at 221 W. Pine Street, Lodi, and are available for public inspection. Agendas and staff reports are also posted on the City’s website at www.lodi.gov . If requested, the agenda shall be made available in appropriate alternative formats to persons with a disability, as required by Section 202 of the Americans with Disabilities Act of 1990 (42 U.S.C. Sec. 12132), and the federal rules and regulations adopted in implementation thereof. To make a request for disability-related modification or accommodation contact the City Clerk’s Office as soon as possible and at leas t 72 hours prior to the meeting date. Language interpreter requests must be received at least 72 hours in advance of the meeting to help ensure availability. Contact Olivia Nashed at (209) 333- 6702. Solicitudes de interpretación de idiomas deben ser recibi das por lo menos con 72 horas de anticipación a la reunión para ayudar a asegurar la disponibilidad. Llame a Olivia Nashed (209) 333-6702.
Meetings of the Lodi City Council are telecast on SJTV, Channel 26. The City of Lodi provides live and archived webcasts of regular City Council meetings. The webcasts can be found on the City's website at www.lodi.gov by clicking the meeting webcasts link.
Members of the public may view and listen to the open session of this meeting at www.facebook.com/CityofLodi/.
AGENDA ITEM B-01
COUNCIL COMMUNICATION
APPR
OVED: ________________________________
Stephen Schwabauer, City Manager
AGENDA TITLE: Receive Presentation Regarding Fiscal Year 202 3/24 Enterprise, Special Revenue, Capital Outlay and Vehicle/Equipment Replacement Funds
M
EETING DATE: May 16, 2023
P
REPARED BY: Deputy City Manager
RE
COMMENDED ACTION: Receive presentation regarding Fiscal Year 2023/24 Enterprise, Special Revenue, Capital Outlay and Vehicle/Replacement Funds.
B
ACKGROUND INFORMATION: Staff has planned a series of presentations to provide the City Council and public an opportunity to review and comment on basic assumptions within the Fiscal Year 2023/24 budget to be proposed to Council next month. The draft budget will be released and made available for public review online once the draft is finalized. This session is designed to provide information on 1) Enterprise funds consisting of Electric Utility, Water Utility, Wastewater Utility and Transit Funds, and 2) Special Revenue, Capital Outlay and Vehicle/Equipment Replacement Funds.
The
first opportunity for the City Council to adopt the Fiscal Year 202 3/24 budget will be at its regular meeting on June 7, 2023.
FI
SCAL IMPACT: There is no impact from this informational presentation.
F
UNDING AVAILABLE: The draft budgets for the enterprise, special revenue, capital outlay and vehicle/equipment replacement funds for Fiscal Year 2023/24 are as follows:
_
______________________________________
Andrew Keys
Deputy City Manager/Internal Services Director
Enterprise Funds Revenues E xpenditures Other Funds Revenues Expenditures Electric Utility 97,632,770 100,598,340 Capital Outlay 3,499,610 4,150,000 Water Utility 15,284,170 16,663,340 Community Development 2,461,900 4,047,950 Wastewater Utility 19,449,290 22,650,330 Library 1,816,240 1,848,240 Transit 7,441,380 8,188,200 Parks, Recreation and Cultural Srvs 8,501,230 9,028,490 Streets 9,681,830 6,020,930
Vehicle/Equipment Replacement 1,444,670 2,365,280 Fiscal Year 2023/24 Budget
Enterprise &
Special Revenue Funds
Presented by Andrew Keys, Deputy City Manager
Overview
•Enterprise Funds
Electric
Water
Wastewater
Transit
2 Overview
• Special Revenue Funds
• Streets
• Community Development
• Parks, Recreation and Cultural
Services
• Library
• Capital Outlay
• Vehicle/Equipment Replacement
3 Electric Utility Overview
4 2021-22 Actuals* Estimated
2022-23 Actuals**
2023-24 Budget***
Beginning Cash Balance
Unreserved
$42,164,766 $37,741,126 $29,811,227
Revenue $85,997,192 $97,333,760 $97,632,770
Expenditures $90,420,832 $102,763,659 $100,598,340
Net Difference
(Revenue Less Expenditures) ($4,423,640) ($5,429,899) ($2,965,570) Ending Cash Balance
Unreserved**
$37,741,126 $29,811,227 $26,845,657
Cash Balance as % of Expenses 42% 29% 27%
Estimated Changes in Fund Balance
For the Fiscal Year Ended June 30, 2024
With Actuals for FY 2021-22 and Year End Estimates for FY 2022-23 *Annual Continuing Disclosure/Audited Financial Statements **Includes $2.5M drawdown of reserves in FY 22/23 to buy down ECA ***Does not include proposed rate increase
• Revenues are $299,010 higher than FY 2022/23
estimated actuals
Customer charges - $3,791,840 higher
Base rate revenue fairly flat
Increase in ECA due to increased power supply costs
Reimbursable charges - $3.1M lower
One time reimbursement in FY 23 for Power Plant
Work for others - $123,000 lower
Development Impact Fees - $301,930 lower
Greenhouse gas - $140,570 lower
Electric Utility
Revenue Highlights
5 • Expenses are $2,165,319 lower than FY 2022/23
estimated actuals
Salary & benefits - $920,390 higher
Supplies, materials & services - $3,379,228 higher
Due to power supply costs
Capital projects & equipment - $6,518,887 lower
FY 23 included $4.3M budget for Power Plant
Staffing requests:
Substation Technician Apprentice (+1)
Electrical Engineer (+1)
Electric Distribution Operator II (-1)
Electric Utility
Expenditure Highlights
6 • Forecasted CPI level base rate increase(s) FY 2024 and FY 2025 • Assumes all positions are staffed 100%
• ECA adjusts only for changes in power supply costs
• Need for base rate adjustments dependent on changes in non-power supply costs and decline in reserves
• FY 24 proposed budget does not include additional revenue from proposed rate adjustment
• If approved by Council, adjustments will be made at midyear Electric Utility
Forecasted Rate Actions
7 FY 23-24
Budget
FY 24-25
Forecast
FY 25-26
Forecast
FY 26-27
Forecast
FY 27-28
Forecast
Proposed Rate Adjustments 2% 2% 0% 0% 0%
Available Cash $29.5M $32.1M $34.3M $36.0M $37.3M
Reserve Target $26.9M $27.5M $28.1M $28.7M $29.2M
% of Target 110% 117% 122% 126% 128%
• Spare Substation Transformer -$2,000,000
• 12kV Overhead Maintenance - $1,110,200
• Substation Relay Modernization - $1,040,000
• Work for Others (Reimbursed) - $750,000
• 60 kV Breaker Upgrades/Replacements - $294,000
• 12kV Underground Maintenance - $265,000
• LED Streetlight Improvements – $250,000
• Substation Intrusive Maintenance - $80,000
• Substation Load Tap Changer Upgrades - $72,000
• Streetlight Maintenance - $50,000
• 230kV Interconnection - $20,000
Electric Utility Capital Projects
Additions to the CIP Program for FY 24
$5,931,200
8 • Replacement of Material Handler Bucket Truck - $350,000 • Replacement of Single Worker Bucket Truck - $225,000
• Replacement of Digger Derrick Line Truck - $375,000
• Replace of Construction/Maintenance Supervisor Medium Duty Pick Up Truck with EV - $120,000
• For compliance with Advanced Clean Fleets Regulation
• Replacement of LEU Pool Vehicle - $60,000
• Replacement of Worn Out/Undersized Grounding Set -
$15,000
Electric Utility
Equipment and Vehicle Requests
$1,145,000
9 Electric Utility
5-Year Capital Forecast
10 Project FY 23-24
Budget*
FY 24-25
Forecast
FY 25-26
Forecast
FY 26-27
Forecast
FY 27-28
Forecast
Distribution Capacity Program $0 $0 $0 $0 $0
Underground / Overhead Maintenance $1,375,200 $725,200 $725,200 $725,200 $725,200 Streetlight Maintenance / LED Improvements $300,000 $300,000 $50,000 $50,000 $50,000 230 kV Interconnection Project* $20,000 $25,000 $25,000 $25,000 $25,000 Substation Maintenance / Improvements $3,486,000 $500,000 $230,000 $230,000 $180,000 Work for Others $750,000 $750,000 $750,000 $750,000 $750,000 Vehicles & Equipment $1,145,000 $318,000 $395,000 $455,000 $60,000 Total Projects $7,076,200 $2,618,200 $2,175,200 $2,235,200 $1,790,200 *Does not include rollover or unexpended funds from FY 23 **Includes planning and design costs only – construction costs estimated at ~$30M and will be debt financed Electric Utility Reserves
11 Purpose Basis 2023/24
Operating Reserves 90 Days Cash $22,672,540
NCPA General Operating
Reserve
NCPA Identified Items $ 3,796,849
Total Target: $26,469,389
Estimated FY 2023/24
Reserve:
$26,845,657
Electric Utility Overview
12 Estimated
2021-22 2022-23 2023-24
Electric Utility Actuals Actuals Budget
Cash Balance
Beginning Cash Balance Unreserved 42,164,766 37,734,260 34,733,640 Revenues 85,831,667 98,721,730 97,632,770 Expenditures * 90,262,173 101,722,350 100,598,340 Net Difference (Revenues Less Expenditures) (4,430,505) (3,000,620) (2,965,570) Restricted Cash Balance - - - Ending Cash Balance Unreserved 37,734,260 34,733,640 31,768,070 Cash Balance as a percentage of expenses: 42% 34% 32%
* Actuals include balancing sheet adjustments
With Actuals for FY2021-22 and Year End Estimates for FY2022-23 For the Fiscal Year Ended June 30, 2024
Estimate Changes in Fund Balance
13 Water Utility Overview
• Revenues are $98,250 lower than FY 2022/23
estimated actuals
Developer Impact fees - $145,850 higher
Non-potable water - $41,820 higher
Investment earnings - $300,370 lower (due to
fluctuations in investment calculations, this item is no longer being included as a budgetary item. Actual
interest earnings will be posted according to fund cash balances.)
Water Utility
Revenue Highlights
14 • Expenses are $1,043,320 lower than FY 2022/23
estimated actuals
Salary & benefits - $327,290 higher
Supplies, materials & services - $91,300 higher
Transfer Out - $45,600 lower
Vehicles & equipment - $313,850 lower
Capital projects & equipment - $1,102,460 lower
Staffing request:
Water Utility
Expenditure Highlights
15 Job Title Department + / -
Water Conservation Specialist Public Works - Water Services + 1 Net increase + 1
• Southwest Gateway Water Tank - $4,000,000
• Well 15 Pump Rehab - $250,000
• MUS Admin Building Roof Replacement - $85,000
• Total cost $170,000, shared with Water Utility $85,000 each • Water Taps/Main Replacements - $125,000
• PCE/TCE Oversight - $100,000
• Water Project Planning - $25,000
Water Utility Capital Projects
Additions to the CIP Program for FY 24
$4,585,000
16 • Replace full-size truck for pick and delivery of
materials - $60,000
Water Utility
Equipment and Vehicle Requests
$60,000
17 Water 5-Year
Financial Forecast
18 19
Wastewater Utility Overview
Estimated
2021-22 2022-23 2023-24
Wastewater Utility Actuals Actuals Budget
Cash Balance
Beginning Cash Balance Unreserved 26,591,516 30,397,086 17,843,336 Revenues 19,127,416 19,059,410 19,449,290 Expenditures * 15,321,845 31,613,160 22,650,330 Net Difference (Revenues Less Expenditures) 3,805,570 (12,553,750) (3,201,040) Restricted Cash Balance - - - Ending Cash Balance Unreserved 30,397,086 17,843,336 14,642,296 Cash Balance as a percentage of expenses: 198% 56% 65%
* Actuals include balancing sheet adjustments
Estimate Changes in Fund Balance
For the Fiscal Year Ended June 30, 2024
With Actuals for FY2021-22 and Year End Estimates for FY2022-23 • Revenues are $389,880 higher than FY 2022/23
estimated actuals
• Development Impact fees - $661,550 higher
• Customer accounts - $95,330 higher
• Sewer tap fees & other revenue - $38,000 lower
• Investment earnings - $329,000 lower (due to
fluctuations in investment calculations, this item is no longer being included as a budgetary item. Actual
interest earnings will be posted according to fund cash balances.)
Wastewater Utility
Revenue Highlights
20 • Expenses are $8,962,830 lower than FY 2022/23
estimated actuals
• Salary & benefits - $774,670 higher
Supplies, materials & services - $319,380 higher
Transfer Out - $278,720 lower
Capital projects & equipment - $9,778,160 lower
Staffing request:
Wastewater Utility
Expenditure Highlights
21 Job Title Department + / -
Wastewater Plant Operator Public Works - Water Services + 1 Net increase + 1
• White Slough South Electric Building and
Improvements - $5,500,000
• Note: Appropriation approved on April 19 (FY 23 funding) • MUS Admin Building Roof Replacement - $85,000
• Total cost $170,000, shared with Water Utility $85,000 each • White Slough Fencing/Cameras/Solar - $300,000
• White Slough Digester # 3 Rehab - $1,000,000
• Miscellaneous Projects/Planning - $125,000
• Wastewater Taps and Relocations - $75,000
Wastewater Utility Capital Projects
Additions to the CIP Program for FY 24
$7,085,000
22 • New portable storm pumps - $90,000
• Plant equipment/pump upgrades- $250,000
• Replace stationary generator - $75,000
• Replace maintenance truck - $115,000
• Replace light duty pick-up truck - $50,000
• Replace full size pick-up truck - $60,000
• Replace utility van - $90,000
Wastewater Utility
Equipment and Vehicle Requests
$730,000
23 Wastewater 5-Year
Financial Forecast
24 • The City is constantly monitoring water supplies
and their potential impact on Lodi.
• Sufficient supplies through surface and ground
water are available to serve the City’s needs.
• Both water and wastewater financial plans forecast
rate increases of at least 3% for the next fiscal year
to keep up with inflation. The current Prop 218
rate plan expires December 31, 2023.
25 Water/Wastewater
Additional Information
Transit Overview
26 Estimated
2021-22 2022-23 2023-24
Transit Actuals Actuals Budget
Cash Balance
Beginning Cash Balance Unreserved 2,983,653 1,758,178 1,540,188 Revenues 3,125,293 10,430,540 7,441,380 Expenditures 4,350,768 10,648,530 8,188,200 Net Difference (Revenues Less Expenditures) (1,225,475) (217,990) (746,820) Restricted Cash Balance - - - Ending Cash Balance Unreserved 1,758,178 1,540,188 793,368 Cash Balance as a percentage of expenses: 40% 14% 10%
With Actuals for FY2021-22 and Year End Estimates for FY2022-23 For the Fiscal Year Ended June 30, 2024
Estimate Changes in Fund Balance
• Revenues are $2,989,160 lower than FY 2022/23
estimated actuals
Federal stimulus (CARES) - $1,155,530 lower
Federal grants (capital) - $2,951,600 lower
Federal grants (Dial-A-Ride) - $688,000 higher
FTA –American Rescue Act - $727,000 higher
TDA allotment (capital) - $950,000 lower
TDA allotment (Dial-A-Ride) - $500,000 higher
Prop 1B State of Good Repair - $62,510 higher
Transit
Revenue Highlights
27 • Expenses are $5,460,330 lower than FY 2022/23
estimated actuals
Salary & benefits - $45,000 higher
Supplies, materials & services - $145,110 higher
Insurances - $31,160 lower (PL/PD costs)
Transfer Out - $25,820 higher
Capital projects & equipment - $5,645,100 lower
• Staffing request:
Transit
Expenditure Highlights
28 Job Title Department + / -
Junior Transportation Planner Public Works - Transit -1 Tranportation Coordinator Public Works - Transit +1
Net increase + 0
• Parking Structure Guard Shack - $85,000
• Park Structure Emergency Lighting Battery Backup
Replacement - $80,000
Transit Capital
Additions to the CIP Program for FY 23
$165,000
29 • Replace (12) 27’ busses - $3,000,000 (this is being reprogrammed from FY 23)
Transit Capital
Equipment and Vehicle Requests
$3,000,000
30 Overview
• Special Revenue Funds
• Streets
• Community Development
• Parks, Recreation and Cultural
Services
• Library
• Capital Outlay
• Vehicle/Equipment Replacement
31 Streets Overview
32 Estimated
2021-22 2022-23 2023-24
Streets Fund Actuals Actuals Budget
Fund Balance
Beginning Fund Balance 14,133,850 17,296,542 8,509,132 Revenues 6,893,133 8,645,820 9,681,830 Expenditures 3,730,441 17,433,230 6,020,930 Net Difference (Revenues Less Expenditures) 3,162,691 (8,787,410) 3,660,900 Restricted Fund Balance 294,423 307,134 307,134 Ending Fund Balance Unreserved 17,002,118 8,201,998 11,862,898 Fund Balance as a percentage of revenue: 247% 95% 123%
With Actuals for FY2021-22 and Year End Estimates for FY2022-23 For the Fiscal Year Ended June 30, 2024
Estimate Changes in Fund Balance
• Revenues are $1,037,730 higher than FY 2022/23
estimated actuals
• Federal Grants - $537,490 higher
• State Grants - $901,670 higher
• Measure K - $477,780 lower
• Development Impact Fees - $312,940 higher
• Gas Taxes –$125,100 higher
• Transfer In - $175,000 lower (FY 23 vehicle purchase) • TDA Allotment - $100,000 lower
Streets
Revenue Highlights
33 Streets
Expenditure Highlights
• Expenses are $11,312,300 lower than FY 2022/23
estimated actuals
• Salary & benefits - $431,960 higher
• Supplies & Services - $62,890 higher
• Transfer Out - $33,740 lower
• Capital projects & equipment - $11,773,410 lower
• Staffing Request:
34 Job Title Department + / -
Street Maintenance Worker Public Works - Streets + 1
Net increase + 1
• Harney Lane Widening - $100,000
• Rapid Flashing Beacons - $50,000
• Lodi Ave Signal Coordination - $90,000
• Signal Preventative Maintenance - $250,000
• Annual Pavement Maintenance - $100,000
• Annual Street Striping - $80,000
• Sidewalk Repair - $170,000
• Pavement Crack Seal - $75,000
• Ham/Elm Signal Modification - $250,000
• Concrete Paver Maintenance - $30,000
• Downtown Concrete Cleaning - $30,000
• Reverse Frontage Wall Repair - $25,000
• Project Planning - $25,000
Streets Capital Projects
Additions to the CIP Program for FY 23
$1,245,000
35 • Replace Dump Truck - $177,800
• Replace 10-wheel Dump Truck - $250,000
• Replace Roller - $70,000
36 Streets Vehicle Requests
$497,800
37 Community Development
Overview
Estimated
2021-22 2022-23 2023-2024
Community Development Actuals Actuals Budget
Fund Balance
Beginning Fund Balance 8,389,815 10,069,731 8,606,451 Revenues 4,217,405 2,562,700 2,461,900 Expenditures 2,537,489 4,025,980 4,047,980 Net Difference (Revenues Less Expenditures) 1,679,916 (1,463,280) (1,586,080) Restricted Fund Balance 313,055 326,570 326,570 Ending Fund Balance Unreserved 9,756,676 8,279,881 6,693,801 Fund Balance as a percentage of revenue: 231% 323% 272% Estimate Changes in Fund Balance
For the Fiscal Year Ended June 30, 2024
With Actuals for FY2021-22 and Year End Estimates for FY2022-23 • Revenues are $100,800 lower than FY 2022/23
estimated actuals
• Fees - $79,200 higher
• Federal Grants - $94,000 lower
• Investment earnings - $86,000 lower (due to fluctuations in investment calculations, this item is no longer being included as a budgetary item. Actual interest earnings will be posted according to fund cash balances.)
Community Development
Revenue Highlights
38 • Expenses are $22,000 higher than FY 2022/23
estimated actuals
• Salary & benefits - $469,010 higher
• Supplies, materials & services - $447,010 lower
Community Development
Expenditure Highlights
39 40
Parks, Recreation & Cultural Services
Overview
Estimate
2021-22 2022-23 2023-24
Parks, Recreation & Cultural Services Fund Actuals Actuals Budget Fund Balance
Beginning Fund Balance 1,578,392 2,406,461 2,199,991 Revenues 9,911,725 7,834,760 8,501,230 Expenditures 9,083,656 8,041,230 9,028,490 Net Difference (Revenues Less Expenditures) 828,069 (206,470) (527,260) Restricted Fund Balance 541,978 565,375 565,375 Ending Fund Balance Unreserved 1,864,483 1,634,616 1,107,356 Fund Balance as a percentage of revenue: 19% 21% 13%
With Actuals for FY2021-22 and Year End Estimates for FY2022-23 For the Fiscal Year Ended June 30, 2024
Estimate Changes in Fund Balance
• Revenues are $666,470 higher than FY 2022/23
estimated actuals
• Charges for Services - $517,290 higher
• Program Fees were down in FY 21 due to COVID closures • Parks and HSS Rental Income - $49,760 lower
• Operating Transfer In - $198,940 higher
• Measure L operational support increase: $110,910
Parks, Recreation & Cultural Services
Revenue Highlights
41 • Expenses are $987,260 higher than FY 2022/22
estimated actuals
• Salaries & Benefits- $845,980 higher
• $581,320 Part-Time
• Supplies and Services - $141,280 higher
Parks, Recreation & Cultural Services
Expenditure Highlights
42 Library Overview
43 Estimated
2021-22 2022-23 2023-24
Library Fund Actuals Actuals Budget
Fund Balance
Beginning Fund Balance 964,226 1,341,123 1,007,863 Revenues 1,662,405 2,178,160 1,816,240 Expenditures 1,285,507 2,511,420 1,848,240 Net Difference (Revenues Less Expenditures) 376,898 (333,260) (32,000) Restricted Fund Balance 173,405 180,891 180,891 Ending Fund Balance Unreserved 1,167,719 826,972 794,972 Fund Balance as a percentage of revenue: 70% 38% 44%
Estimate Changes in Fund Balance
For the Fiscal Year Ended June 30, 2024
With Actuals for FY2021-22 and Year End Estimates for FY2022-23 • Revenues are $361,920 lower than FY 2022/23
estimated actuals
• Operating Transfer In - $327,920 lower
• $420,000 in FY 23 transfers for capital projects
• Fees and Grants - $34,000 lower
• Measure L operational support increase: $43,630
Library
Revenue Highlights
44 • Expenses are $663,380 lower than FY 2022/23
estimated actuals
• Salaries & Benefits - $61,500 higher
• Supplies and Services - $13,860 higher
• Transfers Out -$251,550 lower
• FY 23 transfer out from fund balance to Library Capital • Capital Projects - $486,990 lower
Library
Expenditure Highlights
45 46
Estimated
2021-22 2022-23 2023-24
Capital Outlay Fund Actuals Actuals Budget
Fund Balance
Beginning Fund Balance 9,165,505 21,306,662 2,299,182 Revenues 14,685,807 2,765,260 3,499,610 Expenditures 2,544,650 21,772,740 4,150,000 Net Difference (Revenues Less Expenditures) 12,141,158 (19,007,480) (650,390) Restricted Fund Balance - - - Ending Fund Balance Unreserved 21,306,662 2,299,182 1,648,792 * FY 22 actuals and FY 23 estimates include ARPA and General Fund surplus budget allocations Estimate Changes in Fund Balance
For the Fiscal Year Ended June 30, 2024
With Actuals for FY2021-22 and Year End Estimates for FY2022-23
Capital Outlay
Capital Outlay Fund is a grouping of funds for the
purpose of managing governmental-type capital
projects. These are kept separate from day-to-day
operating funds. They consist of:
• General Fund Capital
• Parks Capital
• Developer Impact Fee Capital for Police, Fire, Parks, General Facilities, Neighborhood Parks and Art in
Public Places
47 Capital Outlay Revenue
$3,499,610
• Developer Impact Fees: $2,068,470
• Transfer from General Fund: $435,000 for General
Projects
• Transfer from General Fund: $560,000 new revenue
for Parks Projects
• Transfer from Measure L: $400,000 for Parks
Projects
48 Capital Outlay
Additions to the CIP Program for FY 24
• General Fund Capital
• New animal shelter - $4,000,000
• Parks Capital
• Tree trimming - $200,000
49 Vehicle & Equipment Replacement
Overview
50 Estimated
2021-22 2022-23 2023-24
Vehicle & Equipment Replacement Funds Actuals Actuals Budget Fund Balance
Beginning Fund Balance 1,954,844 2,607,406 3,321,456 Revenues 4,049,958 2,910,750 1,444,670 Expenditures 3,397,396 2,196,700 2,365,280 Net Difference (Revenues Less Expenditures) 652,562 714,050 (920,610) Restricted Fund Balance - - - Ending Fund Balance Unreserved 2,607,406 3,321,456 2,400,846 * FY 22 includes recently adopted General Fund surplus alloctions Estimate Changes in Fund Balance
For the Fiscal Year Ended June 30, 2024
With Actuals for FY2021-22 and Year End Estimates for FY2022-23 Vehicle and Equipment Replacement Fund is a grouping
of funds for the purpose of managing the replacement of items costing more than $10,000 for governmental
departments. These are kept separate from day-to-day
operating funds. They consist of:
• Equipment replacement for Police, Fire, Public Works
(Engineering, Facilities), Community Development,
Parks and Community Improvement
• Information Technology replacement
• Vehicle replacement - Police, Fire, Public Works
(Engineering, Facilities), Community Development,
Parks and Community Improvement
Vehicle & Equipment Replacement
51 Revenues for replacement funds come 100% as
transfers from operating accounts.
• Equipment replacements: $202,000
• Vehicle replacements: $674,960
• Information Technology replacements: $567,710
Expenses for FY 24:
• Equipment: $423,980
• Vehicles: $1,088,000
• Information Technology: $853,500
Vehicle & Equipment
Replacement Revenue & Expenses
$1,444,670
52 Vehicle Replacement Fund
54 Questions?