FY 2024-25 Budget Adoption
Public Hearing
JUNE 18, 2024
ALAN ALTON, CHIEF FINANCIAL OFFICER
VERONICA CONNER, BUDGET MANAGER
FY 2024-25 Budget Process
2 Public Hearing on
Budget Priorities
January 9, 2024
Council Goal Setting
February 6, 2024
City Manager
Review of
Department Budgets
March 2024
City Council Study
Session
May 7 & 8, 2024
Budget
Adoption
Public Hearing
June 18, 2024
Chief Financial Officer’s
Comments
PROPOSED BUDGET FY 2024 -25
Changes from Study Session –
General Fund
➢ Increase of $7.9M to account for anticipated cost of living increases
➢ Increase of $100K for Metro Chamber Contract
➢ “Limited Term” designation removed from inRESPONSE
Paramedics as program will be made permanent
4 Changes from Study Session –
General Fund
➢Moved funding for Clean Energy Manager from TPW to
CMO; removed addition of FTE headcount
➢Increased Violence Prevention Partnership by $8.4K to
reach baseline requirement
➢Increased Transfers Out by $34K to cover costs of COLAs in Homeless Services and Parking Enforcement
5 Changes from Study Session –
Other Funds
Enterprise Funds Cost of Living Adjustment:
➢ Parking Fund increased by $155K
➢ Water Funds & Storm Water Funds increased by $665K
Homeless Services:
➢ Cost of Living Adjustment increase of $50K
➢ Additional grant revenue of $35K
6 Changes from Study Session –
Housing Authority
➢ Housing Authority increased revenue by $80K due to
updated allocations from the Department of Housing and
Urban Development
➢ Adjusted expenditures to account for administrative costs and loan repayments
7 Citywide Budget Overview
PROPOSED BUDGET FY 2024 -25
9 Fund Type
2023-24
Adopted
Budget
2024-25
Proposed
Budget
$
Change
%
Change
General Fund $201.9 $213.0 $11.1 5.5%
Enterprise Funds 182.0 187.0 5.0 2.8%
Special Revenue Funds 37.5 34.0 (3.5) (9.3%)
Other Funds 5.2 5.3 0.1 1.4%
Housing Authority 69.6 49.2 (20.4) (29.3%)
Successor Agency to RDA 3.0 3.3 0.3 8.1%
Total $499.2 $491.8 ($7.4) (1.5%)
FY 2024-25 Citywide
Revenues by Fund (in millions)
10 Fund Type
2023-24
Adopted
Budget
2024-25
Proposed
Budget
$
Change
%
Change
General Fund $201.6 $220.2 $18.6 9.2%
Enterprise (Operating) 150.7 158.3 7.6 5.1%
Enterprise (CIP) 38.6 24.6 (14.0) (36.3%)
Non-Enterprise (CIP) 36.3 26.0 (10.3) (28.3%)
Special Revenue 25.7 19.5 (6.2) (24.0%)
Other Funds 5.5 5.3 (0.2) (2.8%)
Housing Authority 75.7 51.6 (24.3) (32.1%)
Successor Agency to RDA 3.0 3.3 0.3 8.1%
Total $537.0 $508.8 ($28.4) (5.3%)
Operations (net of CIP) $462.1 $458.2 ($4.1) (0.9%)
CIP only $74.8 $50.6 ($24.2) (32.4%)
FY 2024-25 Citywide
Expenditures by Fund Type (in millions)
FY 2024-25 Citywide Expenditures by Fund
11 Parking Enterprise Fund Summary
12 FY 2024-25
Proposed Budget
Revenue $3,910,881
Transfers In 1,584,712
Total $5,495,593
O&M Expenditures 5,825,207
CIP Expenditures -
Transfers Out 121,338
Total $5,946,545
Use of Reserves ($450,952)
Water Enterprise Fund Summary
13 FY 2024-25
Proposed Budget
Revenue $56,323,139
Transfers In -
Total $56,323,139
O&M Expenditures 42,978,225
CIP Expenditures 9,468,705
Transfers Out 3,185,532
Total $55,632,462
Surplus $690,677
Local Wastewater Enterprise Fund Summary
14 FY 2024-25
Proposed Budget
Revenue $80,219,317
Transfers In -
Total $80,219,317
O&M Expenditures 14,035,227
CIP Expenditures 3,310,000
Transfers Out 62,891,330
Total $80,236,557
Use of Reserves ($17,240)
Regional Enterprise Fund Summary
15*Additional Operating Reserve Paid by Regional Partners FY 2024-25
Proposed Budget
Partner Contributions $20,234,499
SRW Contributions 61,132,482
Miscellaneous Revenue 5,552,207
Total $86,919,188
O&M Expenditures 47,420,460
CIP Expenditures 11,000,000
Debt Service 26,959,828
Total $85,380,288
Surplus* $1,538,900
Storm Water Enterprise Fund Summary
16 FY 2024-25
Proposed Budget
Revenue $3,264,319
Transfers In -
Total $3,264,319
O&M Expenditures 3,883,551
CIP Expenditures 50,000
Transfers Out -
Total $3,933,551
Use of Reserves ($669,232)
General Fund Budget
Overview
PROPOSED BUDGET FY 2024 -25
FY 2024-25 General Fund Summary
(in millions)
18 Proposed
General Fund Budget
Revenue $213.0
Transfers In 2.3
Total Revenues + Transfers In $215.3
Expenditures 220.2
Capital Improvement Projects 1.9
Transfers Out 6.5
Total Expenditures + Transfers Out $228.6
Use of Fiscal Stability Funds ($13.3M)
Budget Additions to General Fund
19 Description Amount
Climate Action Manager $225K
Admin Analyst – Economic Development $80K
Metro Chamber Contract $100K
Police Overtime $400K
Total $885K
FY 2024-25 General Fund Revenues
by Category (in millions)
20 Category
2023-24
Adopted
Budget
2024-25
Proposed
Budget
$
Change
%
Change
Property Tax $36.3 $39.1 $2.8 7.7%
Sales Tax 75.9 75.9 - -
Utility Users Tax 11.6 14.2 2.6 22.4%
Vehicle License Fees 17.5 18.5 1.0 5.7%
Other Taxes 27.8 29.9 2.1 7.6%
Permits, Fines & Charges 13.3 14.5 1.2 9.0%
Interfund Charges 11.0 11.7 0.7 6.4%
Recreation Revenues 3.0 3.3 0.3 10.0%
Intergov’t, Interest & Other 5.5 5.9 0.4 7.3%
Total $201.9 $213.0 $11.1 5.5%
General Fund Revenues by Category
Property Tax,
$39.1M, 18%
Sales Tax,
$75.9M, 36%
Utility Users Tax,
$14.2M, 7%
Vehicle License Fees,
$18.5M, 9%
Other Taxes,
$29.9M, 14%
Permits, Fines & Charges,
$14.5M, 7%
Interfund Charges,
$11.7M, 5%
Recreation Revenues,
$3.3M, 1% Intergov't, Interest & Other,
$5.9M, 3%
21 22
FY 2024-25 General Fund Expenditures
by Category (in millions)
Category 2023-24
Adopted Budget
2024-25
Proposed Budget
$
Change
%
Change
Salaries $91.1 $99.2 $8.1 8.9%
Benefits 62.6 68.8 6.2 9.9%
Professional Services 15.1 16.8 1.7 11.3%
Vehicle Expense 8.5 10.0 1.5 17.6%
Operational Supplies 3.4 3.4 - -
Utilities 5.7 5.7 - -
Information Technology 6.1 6.4 0.3 4.9%
Liability/Property Insurance 3.9 4.9 1.0 25.6%
Other Miscellaneous 2.4 2.8 0.4 16.7%
Capital Outlay 0.1 - (0.1) -
O&M Projects 2.7 2.2 (0.5) (18.5%)
Total $201.6 $220.2 $18.6 9.2%
General Fund Expenditures by Category
23 24
FY 2024-25 General Fund Expenditures
by Department (in millions)
Department
2023-24
Adopted
Budget
2024-25
Proposed
Budget
$
Change
%
Change
Administration $11.8 $15.2 $3.4 28.9%
Housing & Community Services 0.1 0.1 - -
Fire 53.4 58.8 5.4 10.1%
Planning & Economic Develop. 17.6 19.5 1.9 10.8%
Police 72.9 79.7 6.8 9.3%
Recreation & Parks 18.0 18.8 0.8 4.4%
Transportation & Public Works 27.0 27.3 0.3 1.1%
SR Water (Storm Water GF only) 0.8 0.8 - -
Total $201.6 $220.2 $18.6 9.2%
General Fund Expenditures by Department
25 Administration
$15.2M, 9.6%
H&CS
$0.1M, 1%
Fire
$58.8M,
26.7%
PED
$19.5M, 8.9%
Police
$79.7M, 36.2%
Rec & Parks
$18.8M, 8.5%
TPW
$27.3M, 12.4%
SR Water
$0.8M, 0.4%
General
Fund
Baseline
Public
Safety and
Prevention
Tax
Police:
34.3%
Fire:
23.7%
Violence
Prevention:
0.4%
General Fund
Department
Budget
$79,673,668 $58,787,381 $920,244
Baseline
Calculation
$75,569,826 $52,226,281 $920,175
Over (Under)
Baseline
$4,103,842 $6,561,100 $69
26 General Fund 5-Year Forecast
27 FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29
Revenues $213.0 $218.1 $224.8 $230.0 $235.0
Transfers In 2.3 2.3 2.3 2.3 2.3
Total Revenues & TI $215.3 $220.4 $227.1 $232.3 $237.3
Expenditures 220.2 227.0 238.5 252.3 263.8
Transfers Out 8.4 9.8 13.2 10.3 9.8
Total Expenditures & TO $228.6 $236.8 $251.7 $262.6 $273.7 Budgeted Deficit ($13.3) ($16.4) ($24.6) ($30.3) ($36.4) Use of Fiscal Stability
Reserves - $24M ($13.3) ($10.7) - - - Use of General Fund
Reserves - $15M - ($5.7) ($9.3) - - General Fund 5-Year Forecast
ARPA, New T ax Revenues
28 FY 24-25 FY 25-26 FY 26-27 FY 27-28 FY 28-29
Revenues $213.0 $218.1 $224.8 $230.0 $235.0
TOT Tax Measure - $2.0 $2.0 $2.0 2.0
Business Tax Measure - $12.0 $12.0 $12.0 12.0 Transfers In 2.3 2.3 2.3 2.3 2.3
Total Revenues & TI $215.3 $234.4 $241.1 $246.3 $251.3
Expenditures 220.2 227.0 238.5 252.3 263.8
Safe Parking ARPA 1.3 1.3 1.3 1.3
inRESPONSE ARPA 2.8 2.8 2.8 2.8
Transfers Out 8.4 9.8 13.2 10.3 9.8
Total Expenditures & TO $228.6 $240.9 $255.8 $266.7 $277.8 Surplus (Deficit) ($13.3) ($6.5) ($14.7) ($20.4) ($26.5) Staffing Summary
PROPOSED BUDGET FY 2024 -25
Authorized FTE Staff Summary
30 Dept. FY 23-24 FTE
Change FY 24-25
CAO 15.90 - 15.90
CMO 11.00 - 11.00
Comm’s &
Intergovt Rel 9.00 - 9.00
Finance 62.60 - 62.60
Fire 157.00 12.00 169.00
H&CS 27.00 - 27.00
HR 23.00 - 23.00
Authorized FTE Staff Summary
31 Dept. FY 23-24 FTE
Change FY 24-25
IT 33.00 - 33.00
PED 74.00 4.50 78.50
Police 264.00 - 264.00
Rec & Parks 74.00 2.15 76.15
TPW 261.00 - 261.00
Water 278.00 - 278.00
Total FTEs 1,289.50 18.65 1,308.15
Recommendation
The City Manager and the Finance Department
recommend that Council approve, by resolution:
➢Five (5) resolutions to adopt the FY 2024-25 Operations & Maintenance Budget and Capital Improvement Program Budget ➢Amend the Public Safety and Prevention (Formerly Measure O) Transaction & Use Tax Implementation Plan to adjust for FY 2024-25 budget for all programs
32 33
Questions?