Attachment 8
City of Pacifica
FY 2023-24 Proposed Budget
Fund Balances Summary
GENERAL FUND $ 18,538,367 $ 48,924,100 $ 48,590,256 $ 333,844 $ 18,872,211
ENTERPRISE FUNDS
18 Sewer Charge Fund 2,932,291 19,071,000 17,116,167 1,954,833 4,887,124 34 Sewer Facility Construction Fund 18,242,292 3,000 10,488,000 (10,485,000) 7,757,292 35 Beach Parking Fund 444,570 665,000 462,064 202,936 647,506 Total Enterprise Funds 21,619,153 19,739,000 28,066,231 (8,327,231) 13,291,922
SPECIAL REVENUE AND CAPITAL FUNDS
07 SLES Fund 228,063 130,000 128,300 1,700 229,763
09 Measure A Fund 3,201,778 1,463,000 2,626,900 (1,163,900) 2,037,878 10 Gas Tax Maintenance Fund* 247,021 2,245,900 1,763,100 482,800 729,821 11 Measure W Fund - 560,000 550,000 10,000 10,000
12 Highway 1 Improvement Fund 587,298 29,500 59,796 (30,296) 557,002 13 Street Improvement Fund - 1,821,000 1,610,000 211,000 211,000 14 Manor Drive Improvement Fund 575,891 2,700,000 3,060,000 (360,000) 215,891 15 Aircraft Noise Project 411 - - - 411
16 NPDES Stormwater Fund 311,184 203,000 334,600 (131,600) 179,584 19 Planned Local Drainage Fund (95,190) 477,000 2,100 474,900 379,710 22 General Capital Improvement Fund 5,514,964 4,391,000 4,612,000 (221,000) 5,293,964 23 Frontierland Remediation 475,905 75,000 280,000 (205,000) 270,905 24 Housing In-Lieu Fund 244,014 1,673,750 - 1,673,750 1,917,764 25 Parking In-Lieu Fund 14,142 - - - 14,142
26 Park In-Lieu Capital Improvement 480,827 120,000 - 120,000 600,827 27 PB&R Roy Davies Trust 1,552,614 - 135,400 (135,400) 1,417,214 28 PB&R Special Revenue Fund 1,919,326 - 200,583 (200,583) 1,718,743 29 Tree Special Revenue Fund - - - - -
31 Pacifica Library Fund 121,143 34,000 34,700 (700) 120,443 38 Disaster Accounting Fund* 5,993,411 1,673,750 1,455,000 218,750 6,212,161 Total Special Revenue and Capital Funds 21,372,802 17,596,900 16,852,479 744,421 22,117,223
INTERNAL SERVICE FUNDS
65 Self Funded Dental Plan 270,127 248,500 181,100 67,400 337,527 66 Self-Insurance Fund W/C 566,919 1,100,000 1,100,000 - 566,919 67 Self-Insurance Fund Liability 721,080 2,030,300 2,380,300 (350,000) 371,080 71 Motor Pool Operations Fund 249,705 1,200,000 1,190,712 9,288 258,993 72 Motor Pool Replacement Fund 712,095 125,000 570,000 (445,000) 267,095 74 Fire Equipment Fund 147,232 282,300 399,378 (117,078) 30,154 Total Internal Service Funds 2,667,158 4,986,100 5,821,490 (835,390) 1,831,768
DEBT SERVICE FUNDS
40 Debt Service Fund 5,317,384 2,499,800 2,499,800 - 5,317,384 Total Debt Service Funds 5,317,384 2,499,800 2,499,800 - 5,317,384 Total Other Funds 50,976,497 44,821,800 53,240,001 (8,418,201) 42,558,296 Total All Funds $ 69,514,864 $ 93,745,900 $ 101,830,257 $ (8,084,357) $ 61,430,507 Revised
Projected Fund
Balance
6/30/2023
Revenues &
Transfers In
Proposed Budget
Expenditures &
Transfers Out
Proposed
Budget
Revenue Over
(Under)
Expenditures
Projected Fund
Balance
6/30/2024
* The FY 2022-23 Projected Ending Fund Balance has been reduced by $1.9 million per required deposit to the State of California Condemnation Fund (City Council Agenda -6-12-2023).
Fund Name