Attachment 6: General Fund Revenue and Expenditure Assumptions Category Assumption
Revenue
Property Tax Assuming 3.3% growth for secured, and other revenue streams flat, based on Year-to-date (YTD) actuals (not budgeted amount) Sales and Use Tax Using Avenue Consulting Sales Tax (Regular, two voter approved, and Prop 172) forecast models and reducing by amount paid to City of El Cerrito
Utility User Tax Using percentage growth estimates from the Avenue consulting coupled with Year-to-date amounts from current fiscal year Other Taxes Utility Users Tax amounts for gas and Electricity, Cable, and Telecommunications based on projected FY 2022-23 reven ues times growth in Avenue Consulting's forecast. Operation based on the formula in RMC and estimate of CPI change with actual postings throu
gh May (June CPI posting pending).
Licenses, Permits, and Fee Main item is Business Tax at $10.5M - which is the expected base going forward. Estimate is based on gross receipts payments received YTD which corresponded to both calendar years 2022 and 2023.
Fine and Forfeitures Based on YTD amounts.
Use of Money and Property Flat, based on YTD actuals. If interest rates and cash balances remain high, this could be revisited.
Charges for Services Decrease from bud geted amount but in line with YTD actuals and flat from there.
Other Revenue Other revenue is un predictable. Budgeted amounts are department's best estimates.
Rental Income Terminal 4 Lease ($80k) moved from GF Port Fund Intergovernmental State Taxes Flat - onl y item is Motor Vehicle Fees Intergovernmental State Grant Flat - main item is State Mandated Costs Reimbursement Intergovernmental Other Grant Flat - Onl y grant is Supplemental Law Enforcement Proceeds form Sale of Property No surplus property planned for sale Loan/Bond Proceeds Flat - based on CY actual s
Operating Transfers In Pension Tax Override Fund - Assessed Valuation Growth of 3.3% plus adjustments to the new 2022 Bond Sche dule - leftover funds get rolled to GF
Expenditures
Salaries and Wages Approved MOUs for Fire L188, Police and Local 1021, Local 21. Estimated costs for pending MOUs for Fire and P olice Management and Executives. In addition, a 6% vacancy rate is included.
Payroll Fringe Benefits Healthcare costs at current rates as of FY 2022-23, Other Post-Employment Benefits per current Actuarial report, Retirement rates per current CalPERS rates. Worker's Comp rate 3.35 percent overall decrease in rates.
Professional and Admin Services Baseline bud get plus $5.5 million for additional appropriations including an inflation factor of $761K Other Operating Baseline budget with one-time appropriations removed plus an inflation factor of $258K Utilities Baseline bud get plus an inflation factor of $257K Equipment & Contract Services Baseline bud get based plus an inflation factor of $130K Provision for Insurance Loss Insurance Premiums
Cost Pool (Vehicle Replacement) Place holder budget based on the Fleet Services provided list of equipment - the budget will cha nge and the list of equipment will be revised.
Cost Pool (General Liability) Based on Risk Reserve Analysis Cost Pool (Cost Allocation Plan - Admin Charges) Unchanged pending new Cost Allocation Plan (draft - the budget may change) Cost Pool (Civic Center Debt Allocation) Charge derived from the debt service, cash balance, and square footage used by the City departments Asset Capital Outlay As needed
Debt Service Expenditure Based on the Debt Service Schedule A87 Cost Plan Reimbursement Unchanged pending new Cost Allocation Plan (draft - the budget may change) Grant Expenditures Based on the awarded grants
Operating Transfer Out Recurring and one-time subsidies to non-General Fund programs.