Proposed Budget
Fiscal Year 2024/2025
May 21, 2024
City of Marysville
Presentation Agenda
General Fund Overview Planning for the
Future
Proposed New
Expenditures Next Steps
Major Changes Enterprise Capital
Projects
Economy Big Picture Street Capital
Projects 01
02 03
04 05
06 07
08 Economy Big Picture
3 Inflation reached a peak in June 2022
and is slowly decreasing but future
uncertain.
Interest rates have been increased
eleven times since March 2022, have
not increased since July 2023.
Shift in consumer behaviour, people
opting for essential household item
over more expensive purchases.
Major Changes from Prior Fiscal Year
4 Sales Tax
Continued little or no
growth for FY 2024-25
Insurance Increases
Liability – up ~ 40%
Property – up ~ 31%
Workers Comp – up ~ 18%
ARPA Funds
Final year to obligate
funding
Unfunded Liability
Increased due to
CalPERS not meeting
investment goals
Sale of B St. Property
One-time funds from
sale and future TOT
revenue
01 02
03 04
05 General Fund Overview
5 Year Revenue Vs. Expenditure Comparison
$13.41 $13.87 $14.20 $14.69 $14.51
$11.02 $12.15 $12.47 $13.31 $14.16
$2.18 $2.69
$2.53 $1.48 $1.66 $1.45 $0.99
$2.59
$6.28
$3.11
FY 2020-2021
(Actual)
FY 2021-2022
(Actual)
FY 2022-2023
(Actual)
FY 2023-2024
(Projected)
FY 2024-2025
(Proposed)
Shown in Millions
Revenue Ongoing Operational Expenditures Ongoing Operational Revenue Non-Recurring Expenditures Non-Recurring
(primarily due to streets)
(primarily
due to City
facilities)
5 General Fund Overview
Balances, Revenues, and Expenditures
Projected Beginning Fund Balance as of June 30, 2024 $7,313,181 $14,508,170
$988,873
$15,497,043
$14,155,840
$3,112,353
$17,268,193
-$1,771,150
Projected Operating Revenue
Projected Non-Recurring Revenue *
Total Revenue
*Includes $918,873 Grants & $70,000 One-Time Funds
.
Projected Operating Expenditures
Projected Non-Recurring Expenditures **
Total Expenditures
**Includes $936,826 Grants, $1,684,587 ARPA, & $490,940 One-Time Expenditures Projected Surplus/Deficit for FY 24-25
***Operating Surplus $334,377
****Non-Recuring Deficit -$2,105,527
Projected Ending Fund Balance as of June 30, 2025
Projected Reserve Balance as of June 30, 2025
$5,542,032
39.15% 6
General Fund – Top Revenues
Budgeted & Projected FY 2023/2024
$2.93
$4.05
$3.01
$0.14
$1.21 $0.88
$2.48
$1.49
$0.22
$2.74
$3.98
$3.12
$0.16
$1.25
$0.92
$2.52
$1.15
$0.30
Sales Tax Measure C Property Tax Intergovern License/Permits Measure F Other Revenue Shown in Millions
Amended, Ongoing Operational Amended, Non-Recurring
Projected, Ongoing Operational Projected, Non-Recurring Total
$1.63 Total
$1.31
Total
$2.70
Total
$2.82
7 Funds Overview
Revenue by Fund – FY 2023/2024
8 $14.70
$4.21
$0.92
$1.71
$0.81
$0.31
$14.69
$4.41
$0.98
$1.45
$0.53
$0.34
General Fund Enterprise Fund Special Revenue Funds Capital Project Funds Shown in Millions
Amended, Ongoing Operational Amended, Non-Recurring
Projected, Ongoing Operational Projected, Non-Recurring Total
$16.41 Total
$16.14
Total
$1.73 Total
$1.51
General Fund – Top Revenues by Source
Three Year Comparison
9 $3.92
$2.44 $3.09
$0.80
$3.96
$2.52
$3.98
$2.74 $3.12
$0.92
$3.93
$1.45
$3.82 $2.73 $3.15
$0.92
$3.89
$0.99
$0.00
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
$7.00
Measure C Sales taxes Property Taxes Measure F Other Revenues Axis Title
Shown in Millions
FY22-23 Actual Ongoing Operational FY22-23 Actual Non-Recurring FY23-24 Projected Ongoing Operational FY23-24 Projected Non-Recurring FY24-25 Proposed Ongoing Operational FY24-25 Proposed Non-Recurring Total
$6.48 Total
$5.38Total
$4.88
General Fund – Expenditures by Department
Budgeted & Projected FY 2023/2024
10 $4.02 $2.74 $2.32 $1.47 $0.78
$2.45
$0.07
$0.46 $0.90
$7.56
$3.62 $2.67 $2.31 $1.45 $0.81
$2.45
$0.07
$0.46 $0.81
$4.94
Police Dept Fire & Fleet CD & PW Human Resources Administration All Other Depts Shown in Millions
Amended, Ongoing Operational Amended, Non-Recuring
Projected, Ongoing Operational Projected, Non-Recurring Total
$3.20 Total
$3.13
Total
$3.22
Total
$3.12
Total
$10.01
Total
$7.39
Total
$4.09 Total
$3.69
General Fund – Expenditures by Department
Three Year Comparison
11 $3.51
$2.61 $1.97 $1.51
$0.74
$0.23 $0.71
$3.62
$2.67
$2.31
$1.45 $0.81
$0.07
$0.46 $0.81
$4.00
$2.74
$2.13 $1.72
$0.82
$0.07
$0.46
Police Dept Fire & Fleet CD & PW Human Resources Administration Shown in Millions
FY22-23 Actual Ongoing Operational FY22-23 Actual Non-Recurring FY23-24 Projected Ongoing Operational FY23-24 Projected Non-Recurring FY24-25 Proposed Ongoing Operational FY24-25 Proposed Non-Recurring Total
$2.84
Total
$3.13 Total
$2.81
Total
$3.12
Total
$2.59
Total
$3.69
Total
$2.68
Grant Revenue Overview
HCD LEAP Grant HCD REAP Grant
Prop 68 Grant Yuba Water Agency Grant
Zoning Plan
Up to $65,000
$17,000 Match
Specific Plan
Up to $52,000
No Match
Gavin Park
Up to $106,932
No Match
Ellis Lake Water Quality
Up to $140,000
No Match
12 Grant Revenue Overview
Type of Grant Amount of Grant City Match
CalRecycle
Beverage Grant
SACOG - Mode
Shift Grant
FRAQMD –
Engine Replace
SACOG – Historical
Downtown
Green Means Go
Up to $84,000
Up to $283,000 Street Fund
Up to $230,000
Up to $74,600
Up to $223,000
No Match
Up to $100,000 from Enterprise Fund
Up to $32,391
Up to $130,697
No Match
13 Grant Revenue Overview
14 Prop 64
Cohort 3
PLHA
Caltrans – Clean CA
Total General
Grant Funds
Passthrough Grant – Up to $530,000
Passthrough Grant – Up to $96,931
Ellis Lake – Up to $300,000 – No Match
$924,273 to be Received
$12,553 General Fund Match
Proposed One-Time General Fund Expenditures
15 General - ARPA
Deferred
Maint. On City
Facilities
up to $1.3M
Facilities/Parks
Ongoing Ellis
Lake
Consultants
$25,000
General - ARPA
Fire Dept. Radio
Coverage
Improvement
up to $384k
Facilities/Parks
Replace
Playground
Equipment
$25,000
Proposed One-Time General Fund Expenditures
16 General
Completion of
General Plan
$180,000
Economic Dev.
Measure C Renewal
Consultant
$30,500
Information Tech.
Two Servers for
City and Police
$55,049
PW Admin.
Preliminary Analysis
to Establish Train
Quiet Zone
$50,000
Fire
Polaris UTV w/
Mounted Pump
$50,000 (funded by D10)
Fire
Gym Equipment
$20,000 (Funded by D10)
Proposed Changes to Personnel
(Partially Funded by Beverage
Container Recycling Grant)
(Partially Funded by Prop 64
Cohort 3 Grant)
1-year operational cost up to
$36,242
Will need to absorb position
in future years
Funding through April 30,
2028
Reimbursement up to $56,313
per year
Grant/Contract
Maintenance Worker Administrator
17 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Street Capital Projects
CDBG Waitlisted
East Marysville
Grant – TBD ~$2.90M
CDBG 2023 NOFA
East Marysville
Grant – TBD ~$3.30M
SACOG - RPMM
East Marysville – 22nd St.
Grant – TBD ~$3.5M
H Street
3rd St. – 10th St.
Street Fund - TBD
18 Enterprise Capital Projects
19 To be paid through the Sewer Revenue Bonds, Series 2021A Aldridge Drive
Sewer Main
Repair Project
TBD
Sewer Analysis
& Master Plan
TBD
Repairs to
Lift Stations
TBD
Replace Bar
Screen
TBD
01 04
02 03
Planning for the Future
Rising Costs,
Revenue Uncertainty
& Limits to Growth
Measure C – Expires 2026
Systems Process Efficiencies ~
Continue to evaluate potential
“money left on the table,”
including cost recovery and
updated Master Fee Schedule
Aging Infrastructure
(i.e., Roads) and City
Facilities (i.e., City Hall)
Personnel Salaries &
Benefits ~ Fiscal
challenges with
maintaining marketrate salaries
20 Next Steps
June 4, 2024 June 18, 2024 June 25, 2024
Second City Council
Budget Workshop
Final FY 2024/2025
Budget Workshop &
Recommended
Council Approval
Tentative City
Council Meeting for
Budget Approval (if
not approved on
June 18)
21 Questions and
Discussion