#TEAMMANTECA
Manteca
the family city
MANTECA
PROPOSED
O O
FY 2024-25 BUDGET
OVERVIEW
• Manteca Demographics
• Financial Situation Update
• City Budget Background & Calendar
• Collaborative Team Effort
• City Council Goals & Priorities
• Citywide Budget Overview
• General Fund Budget Overview
• Enterprise Funds
• Other Funds
• Fiscal Challenges and Opportunities
• Sales Tax Breakdown •
• Council Discussion
MANTECA CITY COUNCIL
CITY COUNCILMEMBERS
Charlie Halford Jose Nuno Gary Singh Dave Breitenbucher Mike Morowit Councilmember Councilmember Mayor Vice Mayor Councilmember
POLICIES ACTIONS/
BUDGET
TASKS
EXPAND
PUBLIC HOMELESSNESS &
SAFETY HOUSING OPTIONS/
SOLUTIONS
ECONOMIC STABILIZE
DEVELOPMENT CITY
& VITALITY FINANCES
COUNCIL GOALS
Manteca
& PRIORITIES
the family city
PLAN FOR OTHER
UPDATING CITY GOALS &
INFRASTRUCTURE PRIORITIES
FY 24-25
MISSION VALUES VISION
MANTECA DEMOGRAPHICS
Business Activity
Unemployment Rates
Roughly 4,000
Manteca employs
business permits
over 35,000 people processed annually
Population Growth Property Values
Population has Average home
reached 90,000 in value is $607,000
2024
COLLABORATIVE
TEAM EFFORT
City City City Clerk/ Public
Manager Attorney Legislative Police Fire
Works
Information Human Recreation &
Development Finance Community
Engineering Technology Resources
Services Services
BUDGET CALENDAR
Sept - March April - May
• Budget • Long Range
Development Financial Plan
• Prior Year Audit • Budget
Development
July - August Dec - Jan June
• Carryovers/ • Mid-Year • City Council
Rolls Adjustments Budget
• Year-End Close • Budget Adoption
Development
• O
FINANCIAL
SITUATION
UPDATE
• Audits
• Reserves / Fund Balances
• Fill vacancies in vital positions
• Study/ Evaluate Current Fee
MANTECA
Structures and Rates
• Participate in Revenue Enhancement
Efforts
CITY OF MANTE
WVAI
O
FINANCIAL
SITUATION
UPDATE
• Develop Cost Allocation Plan/ Internal
Service Fund (ISF)
• Evaluate/ Update Financial Polices &
Procedures
• Address Pension/OBEB Obligations
• 5-Year Capital Improvement Program
• Launch ClearGov transparency
webpage
O
PROPOSED
BUDGET OVERVIEW
MANTECA • Citywide Operating Budget Revenues total $253M • $73.8M from General Fund
• Citywide Operating Budget Expenses total $255M
• $73.8M from General Fund
• $2M shortfall - use of General Fund Reserves
• Capital Budget totals $61M
• Council goals support 5 new FTEs, service
enhancements, new projects
• Sales Tax Measure under consideration.
CITYWIDE EXPENSES
Internal Service
BY FUND TYPE 6.8%
Special Revenue
13.9% Enterprise
• • • •
30.3%
• Enterprise - $77.4M
• General Fund - $73.8M
• Capital Improvements - $51.7M
• Special Revenue - $35.4M
• Internal Service - $17.3M
Capital Improvements
• Other Funds - $62,000 20.2%
• • • •
General Fund
28.9%
GENERAL FUND
Overhead Allocation TOT
REVENUES 11% 10% Franchise Fees
Lic/Permits 3%
3%
• • • O
All Other Revenue
8%
Total Revenues - $73.8M
• Property Tax - modest increase
• TOT - tax-sharing agreement
• Sales Tax - trending flat
• Red Light Camera Program (offset by
Property Tax
expenses) 39%
Sales Tax
26%
• O
WWW.MANTECA.GOV
GREAT WOLF LODGE (GWL) -
TOT UPDATE
• • ••
TOT Schedule - GWL FY 2021-22 FY 2022-23 FY 2023-24 (YTD) Due to Developer (GWL) 3,368,178 3,598,537 2,000,000
Due to City (Manteca) 1,839,619 2,018,787 766,123
Total TOT Collected 5,207,798 5,617,325 2,766,123
• City - 25% off the top
• GWL - next $2M
• City - 10% of land purchase of 10 year period (67,500 annually) • City - 5% deferred fees paid over 20 years (450,975 annually) • GWL - 75% remainder of TOT first 10 years; 50% remaining 15 years • City - 25% remainder of TOT first 10 years; 50% remaining 15 years • •
GENERAL FUND Capital Transfers Out
2% 2%
EXPENSES
0000
Total Expenses - $73.8M
Operating
• 5 new FTEs (2 Patrol Officers; 3 Parks) 36%
• COPS Grant
• Position Reclassifications
Personnel
• Economic Development move
60%
• Red-Light Camera Program
• Capital Projects
• • • •
WWW.MANTECA.GOV
GENERAL FUND TRENDS
5-YEAR TREND
80.0 74 73.8
72 70.9
69.5 70.0
64.4 62.6 62.5
60.0 52.4
49.4 50.0
40.0 30.0
20.0 10.0
-
FY21 ACTUALS FY22 ACTUALS FY23 ESTIMATED FY24 YEAR-END FY25 PROPOSED
PROJECTED
• Total Revenues • Total Expenditures
GENERAL FUND RESERVE
TRENDS 5-YEAR TREND
45.0 40.0
35.0 9.3
10.1 30.0 12.1
9.3 25.0 12.8
20.0 15.0
10.0 -
5.0 22.7 26.2 28.4 32.0 31.1
FY21 ACTUALS FY22 ACTUALS FY23 ESTIMATED FY24 YEAR-END FY25 PROPOSED
PROJECTED
Assigned Reserves Unassigned Reserves
O O
MEASURE M TRENDS
5-YEAR TREND
12.0 10.3 10.6 10.3
10.1 9.9 10.2 10.1
9.7 10.0
8.7 8.6
8.0 6.1 6.2
5.8 6.0 - 5.4 -
5.0 4.0
2.0 FY21 ACTUALS FY22 ACTUALS FY23 ESTIMATED FY24 BUDGET FY25 PROPOSED • Total Revenues • Total Expenditures • Available Fund Balance O
SEWER FUND TRENDS
5-YEAR TREND
60.0 49.8
50.0 40.1
40.0 33.0
30.8 30.9
30.0 25.6
23.1 20.6 18.9 20.4 19.5 19.6
18.2. 20.0
10.0 2.8
FY21 ACTUALS FY22 ACTUALS FY23 ESTIMATED FY24 BUDGET FY25 PROPOSED (3.2)
(10.0)
• Total Revenues • Total Expenditures • Available Fund Balance 5-YEAR TREND
50.0 WATER 39.9
40.0 FUND
31.5 31.4
30.0 TRENDS
20.6 20.6
20.0 18.5
15.7 15.6
12.9 13.0 13.1 13.2
11.5 10.0-
FY21 ACTUALS FY22 ACTUALS FY23 ESTIMATED FY24 BUDGET FY25 PROPOSED (5.2)
(10.0)
(12.5)
(20.0)
• Total Revenues • Total Expenditures • Available Fund Balance • O
SOLID WASTE FUND TRENDS
5-YEAR TREND
30.0 25.2
24.2 25.0
19.6 20.0
16.6 16.3 16.7 16.2 16.5
15.6 _ 14.5
15.0 10.0
5.7 5.4
5.0 _ 4.3
2.4 1.4
-
FY21 ACTUALS FY22 ACTUALS FY23 ESTIMATED FY24 BUDGET FY25 PROPOSED • Total Revenues • Total Expenditures • Available Fund Balance
OTHER FUNDS
• ARPA
• Recreation/ Park Fees
• Development Services
• Gas Tax/ SB1
• Measure K
• Government Building Facilities/ Fire Fees
• CFD
ONGOING FINANCIAL
CHALLENGES
Underground Infastructure New City Facilities Machinery & Equipment W
Transportation Building Improvements Technology & Software FISCAL
CHALLENGES
UNFUNDED UNFUNDED FACILITY &
POSITIONS CAPITAL MAINTENANCE
• 44 new FTEs requested; • Facilities: City Hall,
39 unfunded Public Safety Buildings
• 15 position & Equipment, Pool
reclassifications • Wastewater Plant
$84M
requested; 11 unfunded Expansion
• 72 equity adjustments • Road & Street
requested; 70 Maintenance
unfunded • Positions
OVERCOMING
CHALLENGES
• Continue to Educate Council, Staff, Voters
• Continue to Explore Augmented Revenue Streams
• Continue to Solicit Grants
• Update Master Plans and Fee Studies
GITVOE MANTECA
IDMINISTRATION CENTER
• Work with Council to Set Priorities TODI
• Support Each Other
• Tax Measure Exploration
SALES TAX
BREAKDOWN County
34.1%
• Manteca has an 8.25% sales tax State
47.8%
• City receives only 1.5¢ per $1.00
• Generates $16-24M annually
• • • • City of Manteca
18.2%
WWW.MANTECA.GOVJ
POTENTIAL
SALES TAX County
30.4%
BREAKDOWN
State
42.6%
• Manteca would have a 9.25% sales tax
• City would receive 2.5¢ per $1.00
• Would generate an ADDITIONAL
$16-24M annually
City of Manteca
• • • •
27%
WWW.MANTECA.GOV
COUNCIL
DISCUSSION
SUMMARY
• 5 new FTEs
• $61M in capital
• Budget aligns with Goals & Priorities
• Balanced Budget
• Recommend to adopt FY 24-25 Budget
O O
CONTACT US
THANK
1001 W. Center St. Manteca CA 95337
YOU (209) 456-8730
Manteca
www.manteca.gov
the family city * 8880
* NORPORATED MINT E
#TEAMMANTECA
O