FY 2024/25 Mid-Year
Budget Review
1 March 18, 2025
FY 2024/25 Mid-Year Budget Review
2 • FY 2024/25 Total Mid-Year Adjustments
• General Fund Adjustments
• Garbage Fund Adjustments
• Sewer Fund Adjustments
• Water Fund Adjustments
3 Total FY 2024/25 Mid-Year Adjustments
All Funds The total net budget adjustments for FY 2024/25 City-wide fiscal impacts are as follows:
Net Budget Adjustments by Fund
General Fund 82,599.40
Country Hollow - LMD (6,560.00)
Heartland Ranch - LMD 4,215.15
Heartland Ranch - Overlay 4,215.15
Kinshire Estates - LMD 4,215.15
Patterson Estates I/III/IV-LMD 4,215.15
Walnut Square - LMD (16,805.00)
Miraggio - LMD 4,215.15
Walker Ranch LMD 4,215.15
Patterson Gardens LMD 4,215.15
Keystone Annex 1 McShane - LMD 4,215.15
BAD Districts 8,099.67
CFD 2013-1 16,247.20
CFD 2018-02 VOP MAINTENANCE 178,983.33
CFD 2018-01 VOP INFRASTRUCTURE 955.00
CFD 2015-2 1.00
Patt Gardens Fire Assmt Dist 334.00
Public Safety CFD 2003-1 444,277.00
West Patt Bus. Park CFD 2005-1 505.00
HR Reass Dist Loc Oblig Bonds 1,565.00
WPFA CFD 2001-1 199.00
HUD Federal Grant/Consortium (22,652.00)
HUD Home 156.00
Gas Tax 475,000.00
Local Transportation Fund (90,620.00)
Street Projects 5,372.00
Measure L 275,626.00
General Government Impact Fee 1,152.00
Parkland In-Lieu Fee 63.00
Storm Drain Fees 63.00
Garbage (578,900.12)
Sewer (269,733.46)
Water (761,041.17)
Grand Total of all Net Adjustments (221,392.92)
4 FY 2024/25 Mid-Year Adjustments
General Fund
General Fund (Funds 100, 101, 102, 103, 105, 111)
Adopted Budget
Prior Budget
Adjustments and
Budget Rollovers Adjusted Budget
Six Months of Salary
Savings / Salary
Adjustments CAP Implementation Mid-Year Requests FY25 Budget Estimate Revenues
Recreation Programs (228,390.00) - (228,390.00) - - - (228,390.00) Taxes (21,390,297.16) - (21,390,297.16) - - 70,000.00 (21,320,297.16) Licenses & Permits (1,796,132.96) - (1,796,132.96) - - - (1,796,132.96) Intergovernmental (1,287,882.60) - (1,287,882.60) - - - (1,287,882.60) Charges for Services (154,780.00) - (154,780.00) - - - (154,780.00) Fines & Forfeitures (96,000.00) - (96,000.00) - - - (96,000.00) Investment Earnings (744,576.62) - (744,576.62) - - - (744,576.62) Reimbursement - - - - - (528,040.01) (528,040.01)
Other Revenues (158,600.00) - (158,600.00) - - - (158,600.00) Transfers In (15,263,313.87) - (15,263,313.87) - 674,896.65 (190,528.53) (14,778,945.75) Revenue Total $ (41,119,973.21) $ - $ (41,119,973.21) $ - $ 674,896.65 $ (648,568.54) $ (41,093,645.10) Expenses
Salaries & Wages 10,545,293.26 (5,000.00) 10,540,293.26 (394,371.68) 506,686.13 - 10,652,607.71 Benefits 5,047,928.57 - 5,047,928.57 - 220,113.33 - 5,268,041.90 Professional& Contracted Serv 10,992,345.39 (168,047.31) 10,824,298.08 - - 85,772.50 10,910,070.58 Repair & Maintenance 333,526.00 24,799.25 358,325.25 - - 10,000.00 368,325.25 Materials & Supplies 605,563.00 209,975.04 815,538.04 - - - 815,538.04 Other Services & Charges 1,955,733.96 233,214.69 2,188,948.65 - - - 2,188,948.65 Recreation Programs 137,600.00 - 137,600.00 - - - 137,600.00 CapitalOutlay 644,389.00 5,000,110.16 5,644,499.16 - - 40,000.00 5,684,499.16 Debt Service 453,792.09 - 453,792.09 - - - 453,792.09
Rentals 251,214.51 1,500.00 252,714.51 - - - 252,714.51 Transfers Out 17,615,352.31 - 17,615,352.31 - 27,066.00 (438,995.00) 17,203,423.31 Expense Total $ 48,582,738.09 $ 5,296,551.83 $ 53,879,289.92 $ (394,371.68) $ 753,865.47 $ (303,222.50) $ 53,935,561.21 Grand Total $ 7,462,764.88 $ 5,296,551.83 $ 12,759,316.71 $ (394,371.68) $ 1,428,762.12 $ (951,791.04) $ 12,841,916.11 Projected Available Fund Balance at 6/30/2025 at Budget Adoption $ 1,516,543.00 Increase/(Decrease) in FY25 Projected Fund Balance based on Actual FY24 Results $ 987,730.87 Projected Available Fund Balance at 6/30/2025 with updated FY2024 Actuals $ 2,504,273.87 Total Proceeds/(Cost) of Proposed FY2025 Approved Budget Actions $ (64,440.56) Total Proceeds/(Cost) of Proposed FY2025 Mid-Year Actions $ (82,599.40) Projected Available Fund Balance at 6/30/2025 with FY25 Mid-Year Actions $ 2,357,233.91 Purchase Order Rollovers already accounted for in Fund Balance $ 1,722,861.60 CIP Rollovers Already accounted for in Fund Balance $ 3,509,249.67 General Fund (100) FY 2024/25 Mid-Year
Budget Review, continued
5 General Fund revenue estimates
increased from the adjusted budget due
to the following :
• Sales Taxes decreased $70 thousand
but remains fairly consistent with
initial projection.
• Reimbursements are estimated at
$528 thousand higher than the
adopted budget, primarily due
carried forward expenses from the
prior year. The increase in
reimbursements is needed as only
the cost portion was carried over to
FY25.
• Transfers In Decrease of
$484,368.12 - $674,896.65 Decrease
attributed to CAP and $190,528.53
increase attributed to
reimbursement from CFD
Maintenance Funds for Salary
Reimbursements
General Fund budgeted expenditure
estimates increased from the
adjusted budget due to the following:
• Salary & Benefit increases based on
CAP implementation – salary savings.
• Professional services increased due
to additional Housing Element Costs
• Repairs and Maintenance costs
increased due to needed repairs at
Fire Station #51
• Capital Outlay increased in order
to replace existing fencing at
Police Station Modulars
• Transfer Out Decreased because
Fire Station #52’s deficit was not
as large as initially expected.
FY 2024/25 Mid-Year Adjustments
Solid Waste Fund
6 Solid Waste Fund (Fund 600)
Adopted Budget
Prior Budget
Adjustments and
Budget Rollovers Adjusted Budget
Six Months of Salary
Savings / Salary
Adjustments CAP Implementation Mid-Year Requests FY25 Budget Estimate Revenues
Taxes (44,530.00) - (44,530.00) - - - (44,530.00)
Intergovernmental (4,320.00) - (4,320.00) - - - (4,320.00) Charges for Services (4,401,882.14) - (4,401,882.14) - - - (4,401,882.14) Investment Earnings (32,082.58) - (32,082.58) - - - (32,082.58) Other Revenues (120,402.00) - (120,402.00) - - - (120,402.00) Transfers In - - - - - - -
Revenue Total $ (4,603,216.72) $ - $ (4,603,216.72) $ - $ - $ - $ (4,603,216.72) Expenses
Salaries & Wages 1,063,604.45 - 1,063,604.45 (90,760.86) (56,504.90) - 916,338.69 Benefits 470,460.03 - 470,460.03 - (28,146.70) - 442,313.33 Professional & Contracted Serv 3,193,422.00 24,287.55 3,217,709.55 - - - 3,217,709.55 Repair & Maintenance 13,400.00 62.77 13,462.77 - - - 13,462.77 Materials & Supplies 42,517.00 1,762.71 44,279.71 - - - 44,279.71 Other Services & Charges 19,800.00 - 19,800.00 - - - 19,800.00 CapitalOutlay 5,000.00 - 5,000.00 - - - 5,000.00
Debt Service - - - - - - -
Rentals 11,450.00 - 11,450.00 - - - 11,450.00
Transfers Out 689,205.66 - 689,205.66 - (403,487.66) - 285,718.00 Expense Total $ 5,508,859.14 $ 26,113.03 $ 5,534,972.17 $ (90,760.86) $ (488,139.26) $ - $ 4,956,072.05 Grand Total $ 905,642.42 $ 26,113.03 $ 931,755.45 $ (90,760.86) $ (488,139.26) $ - $ 352,855.33 Projected Available Working Capital at 6/30/2025 at Budget Adoption $ (1,005,840.09) Increase/(Decrease) in FY25 Projected Available Working Capital based on Actual FY24 Results $ 141,906.61 Projected Available Working Capital at 6/30/2025 with updated FY2024 Actuals $ (863,933.48) Total Proceeds/(Cost) of Proposed FY2025 Approved Budget Actions $ - Total Proceeds/(Cost) of Proposed FY2025 Mid-Year Actions $ 578,900.12 Projected Available Working Capital at 6/30/2025 with FY25 Mid-Year Actions $ (285,033.36) Purchase Order Rollovers already accounted for in Working Capital $ 26,113.03 CIP Rollovers Already accounted for in Working Capital $ - Projected Reserve Balance at 6/30/2025 $ 1,694,396.04
Projected Available Working Capital without Reserve at 6/30/2025 with FY25 Mid-Year Actions $ 1,409,362.68 FY 2024/25 Mid-Year Adjustments
Sewer Fund
7 Sewer Fund (Funds 605, 606, 607)
Adopted Budget
Prior Budget
Adjustments and
Budget Rollovers Adjusted Budget
Six Months of Salary Savings /
Salary Adjustments CAP Implementation Mid-Year Requests FY25 Budget Estimate Revenues
Licenses & Permits - - - - - - -
Intergovernmental - - - - - - -
Charges for Services (6,021,043.45) - (6,021,043.45) - - - (6,021,043.45) Fines & Forfeitures - - - - - - -
Investment Earnings (17,495.46) - (17,495.46) - - - (17,495.46) Other Revenues (155,114.00) - (155,114.00) - - (1,600.00) (156,714.00) Transfers In (3,601,434.02) (359,793.00) (3,961,227.02) - - - (3,961,227.02) Revenue Total $ (9,795,086.93) $ (359,793.00) $ (10,154,879.93) $ - $ - $ (1,600.00) $ (10,156,479.93) Expenses
Salaries & Wages 2,407,006.65 - 2,407,006.65 (58,389.25) (230,560.02) 7,150.00 2,125,207.38 Benefits 1,250,196.37 - 1,250,196.37 - (98,570.01) - 1,151,626.36 Professional & Contracted Serv 1,144,886.00 28,223.15 1,173,109.15 - - - 1,173,109.15 Repair & Maintenance 240,200.00 34,736.54 274,936.54 - - - 274,936.54 Materials & Supplies 275,350.00 7,185.25 282,535.25 - - - 282,535.25 Other Services & Charges 238,968.00 1,600.00 240,568.00 - - - 240,568.00 Capital Outlay 744,850.00 456,269.31 1,201,119.31 - - 196,000.00 1,397,119.31 Debt Service 832,682.21 - 832,682.21 - - - 832,682.21
Rentals 110,300.00 - 110,300.00 - - - 110,300.00
Transfers Out 4,209,864.26 937.00 4,210,801.26 - (83,764.18) - 4,127,037.08 Expense Total $ 11,454,303.49 $ 528,951.25 $ 11,983,254.74 $ (58,389.25) $ (412,894.21) $ 203,150.00 $ 11,715,121.28 Grand Total $ 1,659,216.56 $ 169,158.25 $ 1,828,374.81 $ (58,389.25) $ (412,894.21) $ 201,550.00 $ 1,558,641.35 Projected Available Working Capital at 6/30/2025 at Budget Adoption $ (3,358,689.91) Increase/(Decrease) in FY25 Projected Available Working Capital based on Actual FY24 Results $ 377,854.95 Projected Available Working Capital at 6/30/2025 with updated FY2024 Actuals $ (2,980,834.96) Total Proceeds/(Cost) of Proposed FY2025 Approved Budget Actions $ - Total Proceeds/(Cost) of Proposed FY2025 Mid-Year Actions $ 269,733.46 Projected Available Working Capital at 6/30/2025 with FY25 Mid-Year Actions $ (2,711,101.50) Purchase Order Rollovers already accounted for in Working Capital $ 168,221.25 CIP Rollovers Already accounted for in Working Capital $ 937.00 Projected Reserve Balance at 6/30/2025 $ 1,950,072.11
Projected Available Working Capital without Reserve at 6/30/2025 with FY25 Mid-Year Actions $ (761,029.39) FY 2024/25 Mid-Year Adjustments
Water Fund
8 Water Fund (Funds 610, 611, 612)
Adopted Budget
Prior Budget
Adjustments and
Budget Rollovers Adjusted Budget
Six Months of Salary Savings /
Salary Adjustments CAP Implementation Mid-Year Requests FY25 Budget Estimate Revenues
Intergovernmental - - - - - - -
Charges for Services (7,477,298.03) - (7,477,298.03) - - - (7,477,298.03) Fines & Forfeitures - - - - - - -
Investment Earnings (276,262.71) - (276,262.71) - - - (276,262.71) Reimbursement - - - - - - -
Other Revenues (2,341,497.71) - (2,341,497.71) - - - (2,341,497.71) Transfers In (9,178,533.04) (431,000.00) (9,609,533.04) - - - (9,609,533.04) Revenue Total $ (19,273,591.49) $ (431,000.00) $ (19,704,591.49) $ - $ - $ - $ (19,704,591.49) Expenses
Salaries & Wages 2,533,874.86 - 2,533,874.86 (182,937.62) (219,621.22) 7,150.00 2,138,466.03 Benefits 1,386,884.99 - 1,386,884.99 - (93,396.63) - 1,293,488.36 Professional& Contracted Serv 836,020.00 20,109.82 856,129.82 - - - 856,129.82 Repair & Maintenance 210,150.00 2,510.77 212,660.77 - - - 212,660.77 Materials & Supplies 418,467.00 29,935.12 448,402.12 - - - 448,402.12 Other Services & Charges 1,022,615.00 - 1,022,615.00 - - - 1,022,615.00 Capital Outlay 1,421,050.00 6,538,906.97 7,959,956.97 - - - 7,959,956.97 Debt Service 1,202,517.86 - 1,202,517.86 - - - 1,202,517.86 Rentals 28,150.00 - 28,150.00 - - - 28,150.00
Transfers Out 9,985,028.75 431,000.00 10,416,028.75 - (272,235.71) - 10,143,793.04 Expense Total $ 19,044,758.46 $ 7,022,462.68 $ 26,067,221.14 $ (182,937.62) $ (585,253.56) $ 7,150.00 $ 25,306,179.97 Grand Total $ (228,833.03) $ 6,591,462.68 $ 6,362,629.65 $ (182,937.62) $ (585,253.56) $ 7,150.00 $ 5,601,588.48 Projected Available Working Capital at 6/30/2025 at Budget Adoption $ 8,223,276.77 Increase/(Decrease) in FY25 Projected Available Working Capital based on Actual FY24 Results $ 1,573,296.95 Projected Available Working Capital at 6/30/2025 with updated FY2024 Actuals $ 9,796,573.71 Total Proceeds/(Cost) of Proposed FY2025 Approved Budget Actions $ (3,363,281.95) Total Proceeds/(Cost) of Proposed FY2025 Mid-Year Actions $ 761,041.17 Projected Available Working Capital at 6/30/2025 with FY25 Mid-Year Actions $ 7,194,332.93 Purchase Order Rollovers already accounted for in Working Capital $ 2,812,125.91 CIP Rollovers Already accounted for in Working Capital $ 416,054.82 Projected Reserve Balance at 6/30/2025 $ 2,158,348.56
Projected Available Working Capital without Reserve at 6/30/2025 with FY25 Mid-Year Actions $ 9,352,681.49 FY 2024/25 Mid-Year Adjustments
Other Funds
· Fund 190 – CFD 2003-1 Fire Station #2 – Due to an increase in the projected Fund Balance at 6/30/2024, the projected transfer needed from the General Fund to cure the Fund’s deficit was reduced by $575 thousand. Projected Available Balance after Mid-Year: $0.00 · Fund 325 – Gas Tax requires an increase in transfers out in the amount of $475,000 to partially fund the increase in project costs in Fund 327. Projected Available Balance after Mid-Year: $1.2 Million · Fund 327 – Street Projects requires an increase in expenditure budget in the amount of $750,000 for five separate projects. Projected Available Balance after Mid-Year: $772 thousand · Fund 329 – Measure L requires an increase in transfers out in the amount of $275,000 to partially fund the increase in project costs in Fund 327. Projected Available Balance after Mid-Year: $3.5 million
· Funds 120, 138, 176, 178, 179, 312, and 326 require additional adjustments to transfers from/to the General Fund to either cover fund deficits or to reimburse the General Fund for Salaries and Benefits of Assigned Staff. Projected Available Balance after Mid-Year for all funds: $0.00 · Transfers related to the implementation of the Cost Allocation Plan affected 31 of the City’s Funds.
Questions
&
Staff Recommendations
10 • Questions?
• Adopt a Resolution Approving the Mid-Year Budget Adjustments for FY 2024/25.