Mid-Year Financial and Budget Update and
Amendments for Fiscal Year 2024-25
Regular City Council Meeting
March 18, 2025
Tonight’s Agenda
General Economic Outlook
Status of Capital Projects
Open Finance
Recommended Adjustments
Status of City Council Goals and
Strategic Priorities
General Fund Overview
0 10
20 30
40 50
60 70
REVENUES EXPENSES
Millions
Budget Projected
Total Revenues $55.7 million
Updated Revenues 100.5%
Sales Tax/TOT – 96%
Charges/Permit – 130%
Total Expenditures $63.6 million
Expenditures Trending to be 93% of
appropriations
Salary savings - $2.1 million
Fund Reserves $17.7 million at EOY
34% of revenues
0 2
4 6
8 10
12 14
16 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Millions
Fiscal Year Ended
Bradley Burns Sales Tax
Actual/Projected Revenues
0 2
4 6
8 10
12 14
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Projected
2026
Budget
Millions
Fiscal Year Ended
Transient Occupancy Tax
Actual/Projected Revenues
General Fund Revenue
-
0.5 1.0
1.5 2.0
2.5 3.0
3.5 4.0
4.5 20122013201420152016201720182019202020212022202320242025202620272028 Millions
CHARGES FOR SERVICES
-
0.5 1.0
1.5 2.0
2.5 3.0
3.5 4.0
4.5 20122013201420152016201720182019202020212022202320242025202620272028 Millions
LICENSES AND PERMITS
General Fund Expenditures
0 2
4 6
8 10
12 14
16 Millions
By Department
Budget Projected
0 5
10 15
20 25
30 35
40 Personnel Operating Debt Capital
Millions
By Expense Type
Budget Projected
Capital Improvement Program
Project Description Budget Project Description Budget
South Vine Street Bridge $ 22,854,518 N. River Bike/Pedestrian Path 1,638,800 Corporation Yard 15,942,327 DT Parking Lot Improvements 1,256,477 Highway 46 East Overcrossing 12,271,703 Mill Road Annexation 915,013 Huer Huero Creek Bridge 7,301,265 LMP Development 840,021 Sherwood Pickleball Courts 3,841,368 Drainage Projects 680,051 Hwy 46 West Roundabouts 3,420,108 Parks Projects 367,000 Library/City Hall Expansion 2,775,000 Niblick Signal Synchronization 80,000 Niblick Street Corridor Plan 2,358,551 User Fee Study 70,000 EDA Fiber Project 1,780,083 Total CIP (including roads) $131,495,990 Street Maintenance Program
15 projects
underway
$50.5 million
appropriated
$12.8 million
under
contract
$4.0 million
added from
PY savings
I-24
Renewal
Five Add’l
Maintenance
Personnel
Measure J-20 Police Department Expenses
Expenditure Item 2024-25
Budget
2024-25
Actual
Officers (x20) 3,992,600 950,145
Sergeants (x2) 362,200 -
Commander 317,100 166,640
Dispatcher (x2) 145,900 125,444
Dispatch Supervisor 169,700 -
Records Supervisor 118,600 59,807
Admin Assistant 126,800 64,466
Hiring Incentive 270,000 10,000
Vehicle/PPE 177,000 78,841
Substation 2,324,980 -
Standards of Coverage 150,000 -
Marketing Firm/Other 95,000 4,550
Total 8,249,880 1,459,893
Police Officers
Currently on Patrol 9
March Academy Recruits 4
June Academy Recruits 2
Total Unfilled Positions 5
Total Authorized 20
Measure J-20 Fire and Emergency Services
Expenses
Expenditure Item 2024-25 Budget 2024-25 Actual
Firefighters (x12) 2,164,000 1,206,192
Admin Captain 263,800 214,893
Training Officer 215,200 80,679
Deputy Fire Chief 311,400 177,068
Prevention Specialist 164,000 82,802
Engine/PPE 59,000 21,255
Fire Station #3 239,440 375,055
Training Tower 2,987,278 8,635
Ambulance Services/Other 132,000 -
Total 6,536,118 2,166,579
https://prcity-of.finance.socrata.com
Budget and Personnel Amendments
Economic Strategic Plan City Clerk Equity Adjustment
Market Current Behind
Minimum 107,778 85,364 26.3%
Midpoint 120,730 96,179 25.5%
Maximum 133,682 108,363 23.4%
Recommended 103,915 132,003
Goal Area:
Transportation
and Infrastructure
Complete Measure E-12 Projects
South Vine Street Bridge/Road
TCEP Grant Submitted for Hwy 46E
Airport Master Plan
Landfill Annexation
Street Light Master Plan
Goal Area:
Transportation
and Infrastructure
Security Measures City Facilities
Asset Management System
Space Needs
Signal Optimizations
City Gateway Beautifications
Stormwater Drainage Master Plan
Goal Area: Public
Safety Services
MUNI-CODE
UPDATES
RESPOND 4-MIN
OR LESS, 90% OF
THE TIME
AMBULANCE
SERVICES
TRAINING TOWER
CONSTRUCTION
EOC TRAINING CONDUCTING/
RECORDING
INSPECTIONS
Goal Area: Public
Safety Services
EMERGENCY
RESPONSE TRAINING
AND EDUCATION
PROGRAMS
MARKETING FIRM COMMUNITY RISK
ASSESSMENT AND
STANDARDS OF
COVER STUDY
Goal Area: Cultural,
Recreational, and Open Spaces
Book Mobile
Teen
Services
Librarian
Recreation
Program
Coordinator
Recreation
Volunteer
Services
Update Arts
in Public
Places
Goal Area:
Homelessness
Response
Homeless
Services
Manager
Financial Needs
Assessment
Communications
Plan
North County
Homelessness
Collaborative
Mental Health
Services
Identify Gaps in
Housing
Continuum
Goal Area: Community
and Economic
Development
Mill Road
Annexation
2028 Regional
Housing Needs
Allocation
Tourism Impact
Study
Spaceport
Licensing
North County
Broadband
Strategic Plan
Affordable Housing
Goal Area: Engaged
and Responsive
Government
Maintain Minimum
Reserves
Residents
Academy
Vision, Mission,
Values Statement
Legislative
Advocacy
Class/Comp Study Hiring Incentive
Policy
Goal Area: Engaged
and Responsive
Government
Update Education
Reimbursement
Policy
Professional Staff
Development
Organizational
Structure
Employee
Recognition
Program
Conclusion
Approve Resolution 25-XXX, amending budget appropriations and the master pay schedule, as presented.
Questions, comments, concerns…