Finance Committee
May 2, 2023

Fiscal Year 2024
Preliminary Operating &
Capital Budget Summaries
Budgeted Revenues, Expenditures, & Transfers by Category All Funds
Fiscal Year 2024 Preliminary vs Fiscal Year 2023 Adopted Proposed
FY 24
Adopted
FY 23 Difference
Revenues & Transfers In
Taxes $154,535,500 $149,361,585 $5,173,915
Franchise Fees 10,520,000 9,720,000 800,000
Licenses & Permits 2,842,200 2,963,200 (121,000)
Fines & Forfeits 1,660,400 1,790,000 (129,600)
Use of Money & Property 7,654,700 3,934,400 3,720,300
Intergovernmental 35,374,009 44,684,412 (9,310,403)
Charges for Services 14,929,050 15,471,900 (542,850)
Other Revenues 8,840,910 8,774,050 66,860
Total Revenues $236,356,769 $236,699,547 ($342,778)
Transfers In - Operating $29,623,330 $24,782,800 $4,840,530 Total Revenues & Transfers In $265,980,099 $261,482,347 $4,497,752 Expenditures & Transfers Out
Salaries & Benefits $126,781,976 $119,160,213 $7,621,763 Maintenance & Operations * 76,193,571 81,726,871 (5,533,300) Capital Outlays 12,258,840 25,021,608 (12,762,768)
Financial Assistance 3,797,219 5,455,208 (1,657,989)
Total Expenditures $219,031,606 $231,363,900 ($12,332,294) Proposed
FY 24
Adopted
FY 23 Difference
Transfers Out - Operating $29,623,330 $24,782,800 $4,840,530 Transfers Out - CIP 18,511,300 36,602,054 (18,090,754)
Transfers Out - VRF $1,340,445 $0 1,340,445
Total Transfers Out $49,475,075 $61,384,854 ($11,909,779) Total Expenditures & Transfers Out $268,506,681 $292,748,754 ($24,242,073) * Maintenance & Operations includes Supplies & Materials, Outside Services, & Other Charges Budgeted Revenues, Expenditures, & Transfers by Category General Funds *
Fiscal Year 2024 Preliminary vs Fiscal Year 2023 Adopted Proposed
FY 24
Adopted
FY 23 Difference
Revenues & Transfers In
Sales & Use Tax $38,800,000 $37,570,000 $1,230,000
Transactions & Use Tax 50,700,000 49,269,000 1,431,000
Property Taxes 21,540,500 20,172,046 1,368,454
Property Tax In Lieu of VLF 16,300,000 15,620,539 679,461 Other Revenues 44,962,250 42,101,400 2,860,850
Total Revenues $172,302,750 $164,732,985 $7,569,765
Transfers In - Operating $2,828,200 $2,975,000 ($146,800) Total Revenues & Transfers In $175,130,950 $167,707,985 $7,422,965 Expenditures & Transfers Out
Salaries & Benefits $112,630,781 $105,294,636 $7,336,145 Maintenance & Operations ** 31,347,041 27,340,528 4,006,513 Capital Outlays 1,233,940 1,092,043 141,897
Financial Assistance 100,000 11,000 89,000
Total Expenditures $145,311,762 $133,738,207 $11,573,555 Transfers Out - Operating $21,652,730 $19,233,900 $2,418,830 Transfers Out - CIP 7,240,000 12,542,120 (5,302,120)
Proposed
FY 24
Adopted
FY 23 Difference
Transfers Out - VRF 1,340,445 0 1,340,445
Total Transfers Out $30,233,175 $31,776,020 ($1,542,845) Total Expenditures & Transfers Out $175,544,937 $165,514,227 $10,030,710 Summary
Revenues $172,302,750 $164,732,985 $7,569,765
Transfers In 2,828,200 2,975,000 (146,800)
Expenditures (145,311,762) (133,738,207) (11,573,555)
Transfers Out (30,233,175) (31,776,020) 1,542,845
Projected Use of Fund Balance ($413,987) $2,193,758 ($2,607,745) * General Fund, Measure E Fund, & Measure G Fund
** Maintenance & Operations includes Supplies & Materials, Outside Services, & Other Charges Budgeted Expenditures by Department
General Funds
Fiscal Year 2024 Preliminary
Department
FY 24
Preliminary
Administration $2,375,976
City Attorney 920,577
City Council 399,607
Community Development 7,257,573
Finance 3,063,294
Fire 28,823,458
Human Resources 1,927,090
Information Technology 4,571,527
Library 5,976,783
Non-Departmental 7,900,260
Police 59,811,695
Public Works 13,745,756
Recreation 8,538,166
Total Operating Expenditures $145,311,762
Budgeted Expenditures - CIP & VRF Transfers
General Funds
Fiscal Year 2024 Preliminary
FY 24
Preliminary
Capital Improvement Project (CIP)
Permanent Homeless Shelter (9001) 930,000$
Housing Production Fund (9021) 500,000
Chinatown Revitalization Plan & Implementation (9070) 500,000 65 W. Alisal Improvements (9087) 150,000
Chinatown Navigation Center Sprung Shelter (9125) 900,000 ED Element Implementation (9136) 100,000
Alisal Vibrancy Plan (9246) 1,040,000
Fire Station 7 (9626) 150,000
Fire Training Tower Maint & Temp Training Area (9984) 100,000 Facilities ADA Transition Plan & Improvements (9217) 20,000 City Hall & PW Yard Improvements (9612) 200,000
Sidewalk & Drainage Repairs (9720) 1,000,000
Soccer Field Cesar Chavez Park (9005) 250,000
Rec Center Repairs/Improvements (9191) 125,000
Aquatic Center Improvements (9943) 125,000
Steinbeck & Chavez Roof Replacement/Repair (9969) 1,150,000 Total Capital Improvement Project (CIP) 7,240,000$
Vehicle Replacement Fund (VRF)
Fire Dept - New Purchases 283,000$
Library & Community Services Dept - New Purchases 18,000 Police Dept - New Purchases 194,000
Public Works Dept - New Purchases 30,000
Quantum Tiller Ladder Truck (9540) 124,850
Pierce Pumper & Tiller (9540) 125,150
Pierce Enforcer Pumper (9540) 101,825
Pierce Enforcer Pumpers (2) (9540) 279,755
PW Equipment - Veh. (9271) 150,000
Altec Aerial Lift (9271) 28,905
PW Equipment - Veh. (9273) 4,950
Total Vehicle Replacement Fund (VRF) 1,340,435$
Total CIP & VRF Expenditures 8,580,435$
Budgeted Expenditures
Vehicle Replacement Purchases & Debt Service
Fiscal Year 2024 Preliminary
FY 24
Preliminary
Vehicle Replacement Fund (VRF)
Fleet Service Trucks 209,000$
Parks Vehicles Replacement 80,000
Fire Vehicle Apparatus Replacement 2,825,000
Police Vehicle Replacement 1,035,000
Urban Forestry Equip Replacement (DS) 178,710
Fleet Vehicles Replacement (DS) 4,950
Fire Vehicle Apparatus Replacement (DS) 631,600
Total Vehicle Replacement Fund (VRF) 4,964,260$