Pasadena City Council
June 5, 2023

Adoption Fiscal Year 2024 Operating BudgetJune 5, 2023City Council MeetingItem 17 RecommendationClose the public hearing and formally adopt the FY 2024 Operating Budget.Adopt by resolution the City’s FY 2024 Operating Budget and any changes passed by a motion of the City Council.Adopt a resolution determining the amount of transfer from the Power Fund. 2 Proposed Adjustments to FY 2024 Recommended Operating Budget•Police DepartmentAdd back 2.0 Full-Time Equivalent (FTE) Park Safety Specialists and corresponding appropriations of $190,442 in the General Fund (101) to provide high visibility in City parks and help ensure safety through community engagement.•Housing DepartmentIncrease recommended appropriations by $150,000 in the General Fund (101) to provide supplemental funding for weather-activated shelter services for people experiencing homelessness.For FY 2024, this brings the City’s total General Fund commitment for weather-activated shelters to $500,000, equaling the amount the City spent during the 2022-2023 winter season.3 Proposed Adjustments to FY 2024 Recommended Operating Budget•Fire DepartmentIncrease recommended revenue by $369,564 and appropriations by $362,131 in connection with adding 3.0 FTE to the Department’s personnel allocation. (50% General Fund / 50% Building Services Fund)1.0 FTE Senior Fire Inspector and 2.0 FTE Fire InspectorsTo help reduce construction inspection turnaround times and achieve state-mandated inspection frequenciesSufficient cost recovery4 Light and Power Fund Transfer•For FY 2024, recommend City Council to adopt a resolution transferring approximately 6.25 percent of estimated gross revenues, or $13,000,000. 5 General Fund Five-Year
6 FY 2022 FY 2023 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 FY 2028Final Budget Forecast Budget Forecast Forecast Forecast ForecastBeginning Amount Available for Appropriations 0 2,862,525 1,047,527 500,465 638,061 1,296,309 1,333,894 905,553RevenuesTax Revenues 235,450,392 233,807,300 238,636,652 250,860,100 258,650,643 266,786,014 274,424,438 282,328,752Other Revenues 38,773,949 43,419,712 46,285,810 51,123,934 52,357,279 53,621,980 54,918,851 56,248,727Contributions/Svs. From Other Funds 30,734,245 20,715,438 20,715,438 16,840,438 26,840,438 21,840,438 21,840,438 21,840,438Total Revenues 304,958,586 297,942,450 305,637,900 318,824,472 337,848,360 342,248,432 351,183,726 360,417,916ExpensesPersonnel 172,168,785 186,860,271 185,451,679 203,783,173 209,594,134 216,495,984 223,022,494 228,418,627Debt Service 20,646,499 11,597,702 11,597,702 11,702,452 12,322,553 12,323,966 12,317,139 11,290,184Contributions To Other Funds 20,774,735 14,629,784 16,189,784 13,558,017 13,479,177 13,748,761 14,023,736 14,304,211Other Expenses 79,473,305 82,852,050 84,128,156 94,643,234 96,794,247 99,642,136 102,248,698 104,931,941Total Expenses 293,063,323 295,939,806 297,367,321 323,686,876 332,190,112 342,210,847 351,612,068 358,944,963Operating Income/(Loss) 11,895,262 2,002,644 8,270,580(4,862,404)5,658,248 37,586(428,341)1,472,953Ending Amount Available for Appropriations 11,895,262 4,865,169 9,318,107(4,361,939)6,296,309 1,333,895 905,553 2,378,506Reserve for Capital & Other Funds(5,616,537) - (5,000,000) - - - - - Reduction/(Contribution) to Policy Reserve(3,416,200) (3,817,642) (3,817,642)5,000,000 (5,000,000) Net Income/(Loss) with Reserve Contribution 2,862,525 1,047,527 500,465 638,061 1,296,309 1,333,895 905,553 2,378,506 General Fund Five-Year Forecast
FY 2024 Budget Appropriations
7 Total Budgeted Appropriations(including Affiliated Agencies and CIP)in millionsFY 2022ActualsFY 2023AdoptedFY 2024RecommendedGeneral Fund$294.7 $295.9 $323.2All Funds$959.6 $955.7 $1,243.0Full-Time Equivalent Positions(including Affiliated Agencies)FY 2022AdoptedFY 2023AdoptedFY 2024RecommendedGeneral Fund1,011.30 1,028.10 1,058.65All Funds2,253.67 2,321.36 2,351.23 8 Total Appropriations FY24 APPROPRIATIONS BY CATEGORY – ALL FUNDS ($918.0 Million)

9 General Fund AppropriationsFY24 APPROPRIATIONS BY CATEGORY – GENERAL FUND ($323.2 Million)

10 Total RevenuesFY24 OPERATING REVENUES BY CATEGORY – ALL FUNDS ($925.9 Million)

11 General Fund RevenuesFY24 OPERATING REVENUES BY CATEGORY – GENERAL FUND ($318.2 Million)