Placentia City Council
February 7, 2023

PLACEN TIA
Rich Heritage, Bright Future
City of Placentia
Ten Year Financial Plan
FY 2022-23 Mid -Year Update
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 $ 18,438,083 $ 19,392,834 $ 20,460,891 $ 20,870,109 $ 21,287,511 $ 21,713,261 $ 22,147,526 $ 22,590,477 $ 23,042,286 $ 23,503,132 $ 23,973,195 Sales tax $ 8,975,000 $ 9,154,500 $ 9,337,590 $ 9,524,342 $ 9,667,207 $ 9,812,215 $ 9,959,398 $ 10,108,789 $ 10,260,421 $ 10,414,327 $ 10,570,542 Measure U (Transfer In) $ 3,540,000 $ 3,610,800 $ 3,683,016 $ 3,756,676 $ 3,813,026 $ 3,870,222 $ 3,928,275 $ 4,006,841 $ 4,086,978 $ 4,168,717 $ 4,252,091 Utility Users Tax $ 2,550,000 $ 2,575,500 $ 2,601,255 $ 2,627,268 $ 2,653,540 $ 2,680,076 $ 2,706,876 $ 2,733,945 $ 2,761,285 $ 2,788,897 $ 2,816,786 Franchise Tax $ 2,709,000 $ 2,736,090 $ 2,763,451 $ 2,791,085 $ 2,818,996 $ 2,847,186 $ 2,875,658 $ 2,904,415 $ 2,933,459 $ 2,962,793 $ 2,992,421 Transient Occupancy Tax $ 1,425,000 $ 1,453,500 $ 1,482,570 $ 1,512,221 $ 1,542,466 $ 1,998,315 $ 2,038,281 $ 2,079,047 $ 2,120,628 $ 2,163,041 $ 2,206,301 Other Taxes $ 1,575,140 $ 1,590,891 $ 1,606,800 $ 1,622,868 $ 1,639,097 $ 1,655,488 $ 1,672,043 $ 1,688,763 $ 1,705,651 $ 1,722,707 $ 1,739,934 Charges for Services $ 1,400,070 $ 1,414,071 $ 1,428,211 $ 1,442,494 $ 1,456,918 $ 1,471,488 $ 1,486,203 $ 1,501,065 $ 1,516,075 $ 1,531,236 $ 1,546,548 Permits $ 1,361,598 $ 1,388,830 $ 1,416,607 $ 1,444,939 $ 1,473,837 $ 1,503,314 $ 1,533,380 $ 1,564,048 $ 1,595,329 $ 1,627,236 $ 1,659,780 Fines & Forfeitures $ 412,000 $ 416,120 $ 420,281 $ 424,484 $ 428,729 $ 433,016 $ 437,346 $ 441,720 $ 446,137 $ 450,598 $ 455,104 Intergovernmental $ 9,451,015 $ 9,545,525 $ 9,640,980 $ 9,737,390 $ 9,834,764 $ 9,933,112 $ 10,032,443 $ 10,132,767 $ 10,234,095 $ 10,336,436 $ 10,439,800 Misc. Revenue $ 2,021,825 $ 2,042,043 $ 2,262,464 $ 2,285,088 $ 2,307,939 $ 2,331,019 $ 2,354,329 $ 2,377,872 $ 2,401,651 $ 2,425,667 $ 2,449,924 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 $ 55,406,704 $ 56,884,158 $ 58,683,204 $ 59,633,842 $ 60,534,855 $ 61,875,646 $ 62,814,964 $ 63,789,385 $ 64,780,227 $ 65,787,784 $ 66,812,355 Expenses
Personnel Expenses $ 23,153,099 $ 23,847,692 $ 24,563,122 $ 25,300,016 $ 26,059,017 $ 26,840,787 $ 27,646,011 $ 28,198,931 $ 28,762,909 $ 29,338,168 $ 29,924,931 Operating Expenses $ 17,351,406 $ 17,698,434 $ 18,052,403 $ 18,232,927 $ 18,415,256 $ 18,599,409 $ 18,785,403 $ 18,973,257 $ 19,162,990 $ 19,354,620 $ 19,548,166 Capital Projects $ 12,615,484 $ 5,699,716 $ 5,785,212 $ 5,871,990 $ 5,960,070 $ 6,079,271 $ 6,200,857 $ 6,324,874 $ 6,451,371 $ 6,580,399 $ 6,712,007 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 $ 5,215,750 $ 5,885,560 $ 6,144,053 $ 5,951,386 $ 5,829,504 $ 5,786,776 $ 5,300,737 $ 4,985,424 $ 4,668,981 $ 4,668,634 $ 4,670,742 Total Expenses $ 58,373,235 $ 53,169,652 $ 54,583,805 $ 55,395,725 $ 56,303,647 $ 57,346,441 $ 57,973,607 $ 58,523,491 $ 59,087,667 $ 59,983,650 $ 60,898,093 Total Surplus/ (Deficit)
$ (2,966,535) $ 3,714,506 $ 4,099,398 $ 4,238,118 $ 4,231,212 $ 4,529,206 $ 4,841,357 $ 5,265,894 $ 5,692,560 $ 5,804,134 $ 5,914,261 Date Printed: 1/30/2023