;7 GI
PLACENTIA
Rich Heritage, Bright Future
City of Placentia
Ten Year Financial Plan
Amended 2022-
2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032 2032-2033 Revenues
Property Tax $ 18,392,934 $ 19,345,879 $ 20,412,058 $ 20,820,299 $ 21,236,705 $ 21,661,439 $ 22,094,668 $ 22,536,561 $ 22,987,292 $ 23,447,038 $ 23,915,979 Sales tax $ 8,663,690 $ 8,836,964 $ 9,013,703 $ 9,193,977 $ 9,331,887 $ 9,471,865 $ 9,613,943 $ 9,758,152 $ 9,904,525 $ 10,053,092 $ 10,203,889 Measure U (Transfer In) $ 3,419,600 $ 3,487,992 $ 3,557,752 $ 3,628,907 $ 3,683,340 $ 3,738,591 $ 3,794,669 $ 3,870,563 $ 3,947,974 $ 4,026,934 $ 4,107,472 Utility Users Tax $ 2,440,000 $ 2,464,400 $ 2,489,044 $ 2,513,934 $ 2,539,074 $ 2,564,465 $ 2,590,109 $ 2,616,010 $ 2,642,170 $ 2,668,592 $ 2,695,278 Franchise Tax $ 1,073,400 $ 1,084,134 $ 1,094,975 $ 1,105,925 $ 1,116,984 $ 1,128,154 $ 1,139,436 $ 1,150,830 $ 1,162,338 $ 1,173,962 $ 1,185,701 Transient Occupancy Tax $ 1,370,000 $ 1,397,400 $ 1,425,348 $ 1,453,855 $ 1,482,932 $ 1,937,591 $ 1,976,343 $ 2,015,869 $ 2,056,187 $ 2,097,310 $ 2,139,257 Other Taxes $ 1,832,000 $ 1,850,320 $ 1,868,823 $ 1,887,511 $ 1,906,387 $ 1,925,450 $ 1,944,705 $ 1,964,152 $ 1,983,793 $ 2,003,631 $ 2,023,668 Charges for Services $ 1,455,400 $ 1,469,954 $ 1,484,654 $ 1,499,500 $ 1,514,495 $ 1,529,640 $ 1,544,936 $ 1,560,386 $ 1,575,990 $ 1,591,750 $ 1,607,667 Permits $ 2,455,000 $ 2,504,100 $ 2,554,182 $ 2,605,266 $ 2,657,371 $ 2,710,518 $ 2,764,729 $ 2,820,023 $ 2,876,424 $ 2,933,952 $ 2,992,631 Fines & Forfeitures $ 355,000 $ 358,550 $ 362,136 $ 365,757 $ 369,414 $ 373,109 $ 376,840 $ 380,608 $ 384,414 $ 388,258 $ 392,141 Intergovernmental $ 9,444,015 $ 9,538,455 $ 9,633,840 $ 9,730,178 $ 9,827,480 $ 9,925,755 $ 10,025,012 $ 10,125,262 $ 10,226,515 $ 10,328,780 $ 10,432,068 Misc. Revenue $ 1,920,200 $ 1,939,402 $ 2,158,796 $ 2,180,384 $ 2,202,188 $ 2,224,210 $ 2,246,452 $ 2,268,916 $ 2,291,605 $ 2,314,522 $ 2,337,667 Transfers In $ 1,547,973 $ 1,563,453 $ 1,579,087 $ 1,594,878 $ 1,610,827 $ 1,626,935 $ 1,643,205 $ 1,659,637 $ 1,676,233 $ 1,692,995 $ 1,709,925 Total Revenues $ 54,369,212 $ 55,841,003 $ 57,634,397 $ 58,580,372 $ 59,479,084 $ 60,817,721 $ 61,755,046 $ 62,726,970 $ 63,715,461 $ 64,720,817 $ 65,743,343 Expenses
Personnel Expenses $ 24,901,505 $ 25,648,550 $ 26,418,007 $ 27,210,547 $ 27,754,758 $ 28,309,853 $ 28,876,050 $ 29,453,571 $ 30,042,642 $ 30,643,495 $ 31,256,365 Operating Expenses $ 14,847,200 $ 15,144,144 $ 15,447,027 $ 15,601,497 $ 15,757,512 $ 15,915,087 $ 16,074,238 $ 16,234,980 $ 16,397,330 $ 16,561,304 $ 16,726,917 Capital Projects $ 9,225,484 $ 9,363,866 $ 9,504,324 $ 9,646,889 $ 9,791,592 $ 9,987,424 $ 10,187,173 $ 10,390,916 $ 10,598,735 $ 10,810,709 $ 11,026,923 Transfers out $ 37,500 $ 38,250 $ 39,015 $ 39,405 $ 39,799 $ 40,197 $ 40,599 $ 41,005 $ 41,415 $ 41,829 $ 42,248 GF CIP Debt Service $ 5,179,250 $ 5,497,310 $ 5,755,788 $ 5,567,511 $ 5,440,629 $ 5,398,276 $ 4,912,862 $ 4,598,424 $ 4,283,106 $ 4,284,134 $ 4,282,992 Total Expenses $ 54,190,939 $ 55,692,120 $ 57,164,161 $ 58,065,849 $ 58,784,291 $ 59,650,838 $ 60,090,922 $ 60,718,897 $ 61,363,229 $ 62,341,472 $ 63,335,445 Total Surplus/ (Deficit)
$ 178,273 $ 148,883 $ 470,237 $ 514,522 $ 694,793 $ 1,166,883 $ 1,664,123 $ 2,008,073 $ 2,352,232 $ 2,379,345 $ 2,407,898 Date Printed: 9/7/2022