Orange City Council
February 14, 2023

FY 2022-23 Budget Mid-Year Update
February 14, 2023
FY 23 General Fund Update
Actual Unreserved Fund Balance at 6/30/2022 $ 24,988,147 FY 2022-23 Estimated Revenues $ 137,624,959
FY 2022-23 Estimated Expenditures (130,323,636)
Encumbrances, Carryovers, Add’l Appropriations (3,397,516) Proposed Mid-Year Report Add’l Appropriations (433,239) Net Revenues over Expenditures 3,470,568
Transfers Out Approved at Budget Adoption (22,653,938)
Transfers Out Proposed for Mid-Year (1,516,946)
Estimated Unreserved Fund Balance at 6/30/2023 4,287,831 General Fund Catastrophic Reserve at 6/30/2023 21,864,756 Estimated Total General Fund Balance at 6/30/2023 $ 26,152,587 Reserve Policy
Reserve
FY 23
Policy Minimum
6/30/23 Projected
with Proposed
Transfers
General Fund Contingency Reserve $ 21,633,724 $ 21,761,898 Building Records Management Fee Fund - 545,524
Capital Projects Fund 3,368,999 8,593,684
Vehicle Replacement Fund 1,933,169 6,807,217
Major Building Improvements Fund - -
Computer & Technology Replacement Fund 1,120,246 7,005,824 Pension Stabilization Fund/EE Accrued Liability - 6,243,000 Unreserved General Fund Balance - 3,487,022
City Council Discretionary Reserve (Required) $ 39,097,091 City Council Discretionary Reserve (Total) $ 54,444,169 Self Insurance – Worker’s Compensation 4,230,499 4,261,190 Self Insurance – Liability 763,961 807,569
FY 24 General Fund Projection
Estimated Unreserved Fund Balance at 6/30/2023 $ 4,287,831 FY 2023-24 Estimated Revenues $ 133,476,288
FY 2023-24 Estimated Expenditures (132,726,765)
Net Revenues over Expenditures 749,523
Estimated Unreserved Fund Balance at 6/30/2024 5,037,354 General Fund Catastrophic Reserve at 6/30/2024 21,864,756 Estimated Total General Fund Balance at 6/30/2024 $ 26,902,110 Fiscal Year 2022-2023 Recommended Actions
 Transfer of $950,000 from General Fund to the Worker’s Comp Fund  to meet the City’s reserve policy minimum and to cover $50,000 the current year’s expenses  Transfer of $720,000 from the General, Water & Sewer funds  to fund costs associated with increased fuel prices in the Equipment Expense Fund  Total appropriation of $410,000 from various fund sources to the 517 W Struck project  to cover part of the program expenses per federal court order  Appropriation of $90,000 from General Fund to Public Works-Building  to cover additional plan check consulting costs
 Appropriation of $250,000 from Capital Projects
 to cover unanticipated increases in minor traffic devices, funding CIP 16302  Appropriation of $29,924 from Low & Moderate Income Housing Fund to Community Development
 to cover cost of City staff and consulting services related to affordable housing projects
 Appropriation of $80,971 for Countywide 800 MHz System  cost increases in the system – received FY 22 bill as part of year-end close Fiscal Year 2022-2023 Recommended Actions
 Update the City’s Schedule of Positions
 Addition of the following positions:
 Assistant City Manager
 Assistant Recreation Coordinator
 Permit Technician
 Removal of the following positions:
 Internal Audit Manager
 Reclassification of the following positions:
 Assistant City Manager to Community Services Director  Assistant City Manager to Finance Director
 Part-time Administrative Specialist to part-time benefitted Administrative Assistant  (2) part-time Park and Facilities Attendants to (2) Park Maintenance Worker I  Part-time Recreation Coordinator to full-time Recreation Coordinator  Payroll Technician to Senior Payroll Specialist