PLACENTIA
Rich Heritage, Bright Future
Proposed Annual Operating
Budget & CIP
Fiscal Year 2023-24
June 6, 2023
Proposed FY 2023/24 Budget
All Funds -in millions
Total Proposed Revenues- $84,855,133
Total Proposed Expenditures- $86,403,091
Total Budget
Internal
Service
4%
Operating Budget
Special
Revenue
21%
Debt
Service
Fiduciary
6%
Operating
84%
General
Fund
61%
nterprise
Funds
7%
PLACENTIA
General Fund
Special Revenue
Debt Service
Enterprise
Mil IF 4
046
PLACENTIA
Rich Heritage, Bright Future
FY 2023/24 Proposed Budget
All Funds
Revenues &
Transfers In
Expenditures &
Transfers Out
Net Incr./ to
(Decr) to Fund
Balance
Internal Service
Fiduciary
$49,801,418
$52,282,523*
($2,481,105)
19, 249, 880 18, 091, 353
1,158, 527
403,750
403,750
6,209,550 6,430, 930
(221,380)
3,743,500 3,743,500
5,447,035 5,451,035
$84,855,133 $86,403,091
*Includes $4.3 Million in one-time capital expenses
($4,000)
(1,547,958)
PLACENTIA
Rich Heritage, Bright Future
FY 2023/24 Proposed
General Fund Budget
Proposed budget is balanced, provides resources necessary to maintain or enhance service levels and prioritizes funding of reserves Proposed FY23/24 Budget
Total General Fund Revenue
$49,801,418
Removing $920,000 Reserve Funding
General Fund Operating Revenues
Total General Fund Expenses
Removing One -Time Capital Funding
(920, 000)
$48,881,418
$52,282,523
4,264,280
General Fund Operating Expenses $48,018,243
General Fund Operating Variance
$863,175
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PLACENTIA
Rich Heritage, Bright Future
Proposed FY 2023/24 Budget
General Fund Revenues- $49,801,418
Intergovernmental
1%
Charges for Services
3%
Misc. Revenue
5%
Fines & Forfeitures
1%
II MP"
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PLACENTIA
Rich Heritage, Bright Future
General Fund
Operating Revenues
Revenue T • e
FY 2022/23
Amended
Bud : et
FY 2022/23
Year End
Estimates
FY 2023/24
Proposed
Bud et
Variance to
FY22/23
Amended
Bud:e
Property Taxes
Sales & Use Taxes
Other Taxes
Permits
Fines & Forfeitures
Intergovernmental
Charges for Services
Miscellaneous
Total Operating Revenues
Transfers In
Measure U Transfers In
Employee Retention
OPEB
Measure U Reserve
Total Transfers In
$18,438,083
8,975,000
7,104,140
2,499,768
377,000
9,456,422
1,504,659
1,963,660
50, 318, 732
1,547,973
2,655,000
885,000
$18,438,083
8,975,000
7,104,140
2,540,605
383,298
9,176,239
1,418,877
2,146,809
50,183, 051
$19,578,023
9,175,000
7,095,500
2,802,000
452,500
312,000
1,514,000
2,454,000
43, 383, 023
868,618 1,047,800
2,655,000
885,000
2,760,000
1,690,595
920,000
5,087,973 4,408,618 6,418,395
55,406,705 54,591,668 49,801,418
6.2%
2.2%
(0.1%)
12.1%
20.0%
(96.7%)
0.6%
25.0%
(13.8%)
(32.3%)
rimisra
..y . Proposed FY 2023/24 Budget
R-,1}, - raGeneral Fund Expenditures- $52,282,523
BY DEPARTMENT
BY EXPENDITURE TYPE
0 Pr
Fire & Life
Safety
AM
Non-
public
Safety
PL
Pj
Public
Works
coli
Ile'
es
O�
Transfers
Out
$36,214
0%
Debt Service
$6,021,200
12%
Capital
Projects
$4,264,280
8%
PLACENTIA
111;
PLACENTIA
Rich Heritage, Bright Future
FY 2023/24 General Fund
Expenditures by Department
De • artment
FY 2022/23
Amended
Bud:et
FY 2022/23
Year End
Estimates
FY 2023/24
Proposed
Bud et
Variance to
FY22/23
Amended
Bud:et
Legislative
City Administrator
Administrative Services
Community Services
Development Services
Finance
Fire & Life Safety
Police
Public Works
General Government
Total Expenditures
$1,124,000
633,100
5,870,871
2,728,980
1,835,200
1,222,250
4,337,000
12,872,739
4,758,665
5,224,700
$40,607,505
$731,159
637,225
4,868,462
2,417,586
1,531,314
1,081,655
3,826,286
11,533,493
4,084,973
5,425,835
$36,137,989
$1,004,000
1,010,377
6,002,513
2,947,452
1,571,100
1,305,000
4,503,794
13,612,323
4,795,070
5,209,200
$41,960,829
(10.7%)
59.6%
2.2%
8.0%
(14.4%)
6.8%
3.8%
5.7%
0.8%
(0.3%)
3.3%
PLACENTIA
Rich Heritage, Bright Future
Revisions Since May 16t"
• Proposed Reclassification of a Community Services Supervisor to Deputy Director of Community Services to better reflect needs of the City and succession planning
• Addition of $80,000 to the CIP for design of a dog park • Addition of $50,000 to the CIP for chargers for electric vehicles at Old City Hall
• $25,000 in funding to support the Chamber of Commerce's efforts in promoting Placentia and attracting new businesses
PLACENTIA
Rich Heritage, Bright Future
Position Allocation
Proposed Changes
Proposed Change
Administrative Services
Transfer in and Reclassify one Assistant to the City
Administrator to Deputy Director of Administrative Services City Administrator
Transfer in and Reclassify one Management Analyst to
Communications & Marketing Manager
City Administrator
Add one Senior Management Analyst
Community Services
Add one Facility Maintenance Technician
Community Services
Reclassify one Community Services Supervisor to Deputy
Director of Community Services
Development Services
Reclassify one Senior Planner to Planning Manager
Development Services
Reclassify one Senior Code Enforcement Officer to Code
Enforcement Supervisor
Development Services
low
Development Services
Development Services
Add one Code Enforcement Officer
Add one Building Permit Technician
Add one Plans Examiner
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PLACENTIA
Rich Heritage, Bright Future
Department
Position Allocation
Proposed Changes
Finance
Fire & Life Safety
Fire & Life Safety
Information
Technology
Information
Technology
Police
Police
Public Works
roposed Ch
Reclassify one Account Clerk to Accounting Technician
Reclassify Patrol Engineer to Firefighter
Add two Firefighters
Add one IT Specialist
Add one IT Technician
Add one Police Sergeant
Add one Police Records Specialist
Add one Public Works Manager
PLACENTIA
Rich Heritage, Bright Future
180
140
100
60 20
Citywide FTE by Department
188.0 FTE
*Excludes Over -hires
200.0 FTE
1 FY22/23 Amended FY23/24 Proposed
■ Admin. Svcs ■ Comm Svcs ■ Finance ■ Fire ■ Dev Svcs ■ Police ■ PW ■ City Administrator
PLACENTIA
Rich Heritage, Bright Future
FY 2023/24 - Measure U
Contributions to Reserves
Reserve target of 25% has been met
2023-24 Proposed Measure U Budget - $9,200,000
Current Allocations
Infrastructure, Vehicles, and Equipment
Post -Employment Benefits Sustainability*
Employee Recruitment and Retention (including
additional staff)
General Fund Unassigned Fund Balance
After GF Reserve
Target Met*
Amount
50% $4,600,000
10% $1,690,595
30% $2,760,000
10%
$920,000
*Includes one-time additional $770,595 from Measure U Fund Balance for payment to Section 115 Trust
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PLACENTIA
Rich Heritage, Bright Future
FY 2023/24 Proposed General Fund -
Fund Balance
Estimated Beginning Fund Balance
7/1/2023
Projected Change in Fund Balance
Projected Ending Fund Balance at
6/30/24
Fund Balance Designations
Non -Spendable
Restricted
General Fund Reserve
Contingency Reserve
Unassigned Fund Balance
$21 425 994
(2,481,105)
18,944,889
2,128,711
6,488,525
4,001,682
6,325,971
Estimated Ending Fund Balance
6 30 24
$18 944 889
Projected Operating Expenditures
25% FB Target
General Fund Operating Reserve %
41,960,829
10,490,207
40%
Contingency Reserve/Unassigned
Fund Balance
Projected- 40%
Goal- 25%
PLACENTIA
Rich Heritage, Bright Future
Capital Improvement
Program (CIP)
r• -
The City's Capital Improvement Program (CIP) identifies major public improvements to the City's infrastructure for the next year and includes new projects and carryover projects from previous years encompassing upgrades to existing facilities as well as rehabilitation of streets and roadways.
PLACENTIA
Rich Heritage, Bright Future
Capital Improvement
Program (CIP)- Project Types
Project Type
Streets & Streetscapes
Traffic and Transportation
Sewer
Storm Drain
City Buildings & Facilities
Technology
Parks
Vehicles
Major Studies
New Projec
Count
Total
Of Total Projects
CIP with
Fun' Carryover
$6,626,310 54% 16
4 485,000 4% 11
1 600,000 5% 2
0 0% 1
7 2,832,000 23% 27
125,000 1% 5
5 969,280 8% 25
2 265,000 2% 3
4 400,000 3% 11
32 $12,302,590 100% 101
PLACENTIA
Rich Heritage, Bright Future
CIP Projects by Funding Source
Dev. Impact
Fees
6%
Measure U
36%
Gas Tax
14%
General Fund
34%
Sewer
5%
Measure M
5%
PLACENTIA
Rirh H.ri[ugu. Sri Flil FUN,
It is recommended that the City Council take the
following actions:
1. Conduct the Public Hearing concerning the City of Placentia Annual Budget and Capital Improvement Program (CIP) for Fiscal Year 2023-24; and
2. Adopt Resolution No. R-2023- XX, to approve and adopt the City's Fiscal Year 2023-24 Annual Budget and Capital Improvement Program (CIP) Budget including total appropriations, operating transfers out, contributions to reserves/net position, available reserves, and budgeted staffing, and authorization for adjustments for final fund balance; and authorize the Position Allocation Plan and Compensation Plan for Fiscal Year 2023-24; and
3. Authorize the City Administrator to release appropriation controls for the General Government Department and Risk Management fund outside of the normal quarterly process, as necessary.
4. Approve the use of the County's population growth and California per capita income growth as determined by the State Department of Finance for the calculation of the Fiscal Year 2023-24 Annual Appropriation Limit; and
5. Adopt a Resolution approving and adopting the Annual Appropriations Limit for the Fiscal Year 2023-24 in the amount of $112,870,414.
Questions?
PLACENTIA
Rich Heritage, Bright Future
PLACENTIA