Presentation Overview
➢ Budget Process
➢Adopted FY22/23 Budget- Where we started
➢ Projected FY22/23 Budget- Where we are now
➢Proposed Budget Modifications
➢ Next Steps- Where are we going
Annual Budget Process
You are here
Mid -Year Budget
Presentation to City
Council
February
Auditor working with
Finance staff on ACFR
December
Finance staff and
departments monitor
revenues and
expenditures
Year-round
preparing their
individual budgets
February
Finance closes out
prior fiscal year
August
Fiscal Year Begins
July 1
projections, internal
service charges and
personnel expenses
A• ril
Finance and Public
Works finalize Capital
Improvement Plan
May
City Administrator
presents Proposed Budget
to Public and City Council
May
Aliv
City Council
June
Adopted FY 2022/23 Budget
All Funds
Total Adopted Revenues -
Total Adopted Expenditures -
Total Budget
Operating
86%
CIP
14%
$81,914,120
$79,986,337
Internal
Service
4%
Fiduciary
7%
Enterpris
Funds
9/
Operating Budget
Special
Revenue
23%
General
Fund
57%
Debt
Service
Adopted 2022-23 Budget
General Fund Expenditures- $45,429,130
BY DEPARTME
Ocv5a
D
44. Admin.
Services
BY EXPENDITURE TYPE
Operating
$39,348,634
87%
Debt
Service
$5,179,250
11%
Transfers
Out
$37,500
0%
Capital
Projects
$863,746
2%
Adopted FY22/23 Budget
General Fund Revenues- $45,482,968
Intergovernmental
1%
Permits
5%
Charges for Services
3%
Misc. Revenue
6%
Transfers In
10%
Sales Tax
19%
Fines & Forfeitures �.
1%
Other Taxes
6%
U UT
5%
TOT/
3%
Property Tax
41%
Projected FY22/23
General Fund Revenues
Revenue T • e
Property Taxes
FY 2022/23
Ado • ted Bud : et
FY 2022/23
Pro'ected Bud et
Sales & Use Taxes
Other Taxes
Permits/Licenses
Fines & Forfeitures
Intergovernmental
Charges for Services
Miscellaneous
Total Operating Revenues
Transfers In
Measure U Transfers In
Employee Retention
OPEB
Total Transfers In
Total Resources
$18,392,934
8,663,690
6,715,400
2,455,000
355,000
1,140,000
1,305,400
1,920,200
$40,947,624
1,115,744
2,564,700
854,900
$4,535,344
$45,482,968
$18,438,083
8,975000
7,104,140
2,534,268
377,000
9,456,422
1,472,482
1,961,337
$50,318,732
1,547,973
2,655,000
885,000
$5,087,973
$55,406,705
Variance to
FY22/23
doted Budget
0.25%
3.59%
5.79%
3.23%
6.20%
729.51%
12.80%
2.14%
22.89%
38.74%
3.52%
3.52%
12.18%
21.82%
Projected 2022-23
General Fund Revenues
Franchise Taxes
Transient Occupancy Tax
Utility Users Tax
Property Tax
Sales Tax
Other Taxes
Measure U
Permits/Licenses
arges for Service
Budget ■ Projected at 6/30
■
3,000,000 6,000,000
9,000,000 12,000,000
15,000,000
18,000,000
> I ncrease overtime budgets in following a
➢Communications Center - $100,000
>Public Works- $19,500
>Community Services- $37,500
>Pulsepoint App Service- $20,000
➢Service needed to communicate incidents related to Fire & Life Safety to the public
>Risk Management- $105,000
>Needed to support increased liab lity premiu Tis
> Fuel Costs - $80,000
Increased fuel prices for first several months of the fiscal year >Facility Maintenance- $60,000
➢Unanticipated repairs to HVAC at City Hall including the rental of the generator needed to support the temporary cooling tower >Police Training (Asset Seizure Funds)- $192,500
>Funds received from the Asset Seizure Program need to be II appropriated prior to being spent. Training is an eligible expense under the DOJ guidelines.
Proposed Mid Year Staffing Adjustments
>Add 1.0 FTE Management Assistant in Public Works ($36,200) >Position needed to assist with managing Capital Improvement Projects ➢50% funded by General Fund, 50% funded by CIP projects >Modify Salary Schedule for Public Safety Communications Center Positions ($31,500)
➢Recommended to address recruitment challenges, specifically for the Public Safety Dispatch Supervisor position
If successful in recruiting new Supervisor(s), will decrease overtime costs
Proposed Mid -Year Staffing Adjustments
Impact to FY22/23 Budget
Annualized Cost
Add 1.0 FTE Management Assistant
Adjust Dispatch Salaries
Total
$36,200
$31,500
$67,700
$72,400
$63,000
$135,400
Mid Year Summary
General Fund Net Operating Balance
Adopted FY22/23 Budget
Projected at 6/30/23
1 General Fund Operating Revenues 45,482,968
General Fund Operating Expenses 45,429,130
Net Operating Balance 53,838
55,406,705
58,373,239
(2,966,534)*
* Includes $3 million in reserves allocated to Public Safety Facility
Potential Impacts on City Finances
New
Development
State Budget
Current & Futur
State Mandates
Labor
Negotiations
Next Steps
➢Q3 Budget Review
➢April 2023
>Proposed FY23/24 Budget
Presentation
>May 16, 2023
>Proposed FY23/24 Budget
Adoption
>June 6, 2023
Mid -Year Budget
Presentation to City
Council
February
Auditor working with
Finance staff on ACFR
December
Finance staan
departments monitor
revenues and
expenditures
Year-round
preparing their
individual budgets
February
Finance closes out
prior fiscal year
August
Fiscal Year Begins
July 1
projections, internal service
charges and personnel
expenses
April
Works finalize
Capital
Improvement Plan
Proposed Budget to Public
and City Council
May
City Council
June