Attachment 3 ‐ General Fund Revenue and Expenditure Assumptions INTERGOV OTHER GRANT Only gra nts with award letters are budgeted PROCEED FROM SALE PROPERTY Pendi ng budget, based on historic trend OPERATING TRANSFERS IN Based on Analysis of the Pension Tax Override fund, estimated AV growth, minus scheduled uses. Left over funds are transferred to the General Fund
OTHER REVENUE Very unpredictabl e. Usually very little budgeted here, but items get added as received.
RENTAL INCOME Rental Income is determined based on the Council approved agreements and/or fees established through the Master Fee Schedule
INTERGOV STATE TAXES Motor Vehi cle Fees increase based on YTD actuals in FY21‐22 FINES & FORFEITURES Parking cit ations flat and Muni Court Fines with 1.4% growth USE OF MONEY & PROPERTY Flat ‐ zero growth
CHARGES FOR SERVICES Most items entered by corresponding departments based on their estimated level of service and total corresponds to
4.3% growth
UTILITY USERS TAX (UUT)
Analysis in part provided by consultant. Growth rates applied to individual revenue streams with the UUT category ‐ cable and Telecom historically have been going down due to industry changes. Settlement amount is set and due to go away after FY24‐25. Cap amount paid by Chevron is based on Energy Services CPI for the Bay Area which through the posted rates through February is extremely high.
OTHER TAXES
Each revenue stream within Other Taxes changes year‐to‐year based on independent influences; both garbage fees are up by 4% based on historical changes;Hotel Tax up 5% based on rebounding industry; Transfer Tax budgeted amount based on formula in Guiding Fiscal Policy that mandates we use the mean sinceimplementation of the voter approved tiered structure; gas and electricity franchise changes stem from using same growth factor as UUT.
LICENSES, PERMITS & FEES Main item is Business Tax and are using growth factor of 2% as a conservative CPI. Still new revenue stream so we still do not know what the full year amount will be.
Revenue Category Assumptions
PROPERTY TAXES
Assessed Value (AV) Growth based on (1) most properties increasing by State posted CPI (usually 2% max), (2) plus, for the properties that sold in 2021, the new value minus the previous value, and (3) the value of the Chevron Refinery.
Staff usually assumes the Chevron refinery will stay the same ‐ 0% AV growth for that component.
SALES & USE TAX 4% growth per the consultant; Vehicle License Fee Backfill Swap tied to AV growth, same as Secured Property Taxes.
Attachment 3 ‐ General Fund Revenue and Expenditure Assumptions GRANT EXPENDITURES Based on the awarded grants
OPER XFERS OUT Recurring and onetime subsidies to non‐GF programs.
ASSET/CAPITAL OUTLAY As needed
DEBT SVC EXPENDITURE Debt Service Schedule, maintained by Treasury A87 COST PLAN REIMBS Based on COST POOL (Cost Allocation Plan ‐ Admin Charges) COST POOL (General Liability) 5% increase from current year budget COST POOL (Cost Allocation Plan ‐
Admin Charges) 5% increase from current year budget
COST POOL (Civic Center Debt
Allocation) Charge derived from the debt service, cash balance, and square footage used by divisions EQPT & CONTRACT SVCS Baseline Budget based on historical actuals PROVISN FOR INS LOSS Insurance Premiums
COST POOL (Vehicle Replacement) Fleet Services provided list with Priority 1 items PROFESSIONAL & ADMIN Baseline budget, with one‐time appropriations removed, Campus B ay Litigation Costs of $900K, City Attorney LegalServices Contract
OTHER OPERATING Baseline budget with one‐time appropriations removed.
UTILITIES Baseline budget
Expenditures Category Assumptions/Descriptions
SALARIES AND WAGES IAFF, RFMA, RPMA, RPOA COLA pending, Executive, Local 21 and Local 1021 5 percent COLA as of 1/1/2023, other pays based on existing MOUs and current enrollments.
PAYRLL/FRINGE BENEFIT Healthcare cost at current rates as of FY2022, OPEB per current Actuarial report, Retirement rates per current CalPERS rates. Worker's Comp rate 1 % increase in each category