FY 2024-25 Quarterly Budget Review
(Third Quarter)
FINANCE SUBCOMMITTEE
APRIL 22, 2025
VERONICA CONNER
BUDGET MANAGER
2 Q3 General Fund Operating Revenues
Operating Revenues Budget FY 24-25 YTD
Actuals
Percent of
Budget
FY 23-24 YTD
Actuals $ Change % change
Property taxes 39,068,300 22,040,998 56.4% 20,616,351 1,424,647 6.9% Sales taxes 75,866,735 40,726,402 53.7% 41,413,497 (687,095) -1.7% Utility users tax 14,200,000 9,601,565 67.6% 8,311,264 1,290,301 15.5% Other taxes 48,375,700 30,514,888 63.1% 28,568,325 1,946,562 6.8% License and permits 3,181,000 2,072,848 65.2% 2,062,984 9,864 0.5% Charges for services 26,727,653 20,848,574 78.0% 17,088,797 3,759,777 22.0% Intergovernmental 1,991,493 1,657,086 83.2% 1,464,648 192,438 13.1% Fines and forfeitures 1,610,900 963,515 59.8% 1,206,310 (242,796) -20.1% Other Revenues 2,711,360 3,498,787 129.0% 1,412,674 2,086,113 147.7% Transfers In 3,772,759 3,213,175 85.2% 2,316,677 896,498 38.7% Total Operating Revenues 217,505,900 135,137,836 62.1% 124,461,527 10,676,309 8.6% 3rd Quarter
Sales Tax
3 Sales Tax Budget YTD Actuals Percent of
Budget
General Sales Tax 49,396,035 26,140,833 52.9% Prop 172 1,741,700 1,046,030 60.1%
Measure Q 24,729,000 13,539,538 54.8%
Total 75,866,735 40,726,402 53.7%
3rd Quarter
Other Taxes
4 Other Taxes Budget YTD Actuals Percent of
Budget
VLF Swap 18,295,000 9,433,347 51.6%
Franchise Fees 12,230,700 6,689,234 54.7% Motor Vehicle License Fees 200,000 280,747 140.4% Cannabis Industry Tax 1,900,000 1,599,717 84.2% Business Tax 4,750,000 5,779,945 121.7% Real Property Transfer Tax 4,000,000 2,122,126 53.1% Occupancy Tax 7,000,000 4,609,771 65.9% Total Other Taxes 48,375,700 30,514,888 63.1% 5 Operating Revenues Final Budget Year End Forecast (Over) Under Budget Property taxes $39,068,300 $40,588,000 $1,519,700
Sales taxes 75,866,735 68,480,000 (7,386,735)
Utility Users tax 14,200,000 13,925,000 (275,000)
Other taxes 48,375,700 50,097,000 1,721,300
License and permits 3,181,000 2,853,000 (328,000)
Charges for services 26,727,653 26,727,653 -
Intergovernmental 1,991,493 1,991,493 -
Fines and forfeitures 1,610,900 1,400,000 (210,900)
Miscellaneous 2,711,360 4,000,000 1,288,640
Transfers In 3,772,759 3,772,759 -
Total $217,505,900 $213,834,903 ($3,670,997)
Revenue Year End Projections June 30, 2025
Q3 General Fund Operating Expenditures
6*Excludes Projects
Operating Expenditures Budget FY 24-25 YTD
Actuals
Percent of
Budget
FY 23-24 YTD
Actuals $ Change % Change
City Council 1,557,693 1,181,378 75.84% 782,931 398,448 50.9% City Manager 3,045,846 2,121,545 69.65% 1,928,140 193,406 10.0% City Attorney 4,865,729 3,137,602 64.48% 3,150,902 (13,300) -0.4% Human Resources 4,513,718 2,853,783 63.22% 2,847,007 6,777 0.2% Finance 7,792,789 5,723,450 73.45% 5,536,882 186,568 3.4% Comms & Intergovt Relations 1,777,121 1,070,826 60.26% 1,108,887 (38,060) -3.4% Planning & Econ Development 18,728,506 13,217,256 70.57% 12,462,180 755,076 6.1% Housing & Community Services 111,000 92,773 83.58% 11,742 81,031 690.1% Recreation & Parks 18,474,883 13,954,303 75.53% 12,216,177 1,738,126 14.2% Fire 57,246,296 46,123,690 80.57% 42,074,101 4,049,589 9.6% Police 79,167,034 61,830,660 78.10% 54,768,424 7,062,236 12.9% Public Works 26,035,296 19,942,171 76.60% 18,722,900 1,219,271 6.5% Water 778,969 563,226 72.30% 650,363 (87,137) -13.4% Non Departmental (8,461,454) (6,407,838) 75.73% (8,242,326) 1,834,488 -22.3% Transfers 8,512,036 5,991,275 70.39% 6,028,103 (36,828) -0.6% Total Operating Expenditures 224,145,462 171,396,099 76.47% 154,046,410 17,349,689 11.3% 7 YTD Salaries and Benefits
YTD Salaries
& Benefits Budget YTD Actuals Percent of
Budget
Salaries 97,481,610 75,883,749 77.8%
Benefits 67,946,460 52,759,801 77.6%
Total 165,428,070 128,643,550 77.8%
8 Operating
Expenditures Final Budget Year End Forecast (Over) Under Budget Salaries $97,481,610 $98,648,874 ($1,167,264)
Benefits 67,946,640 67,587,742 358,758
Services & Supplies 50,205,355 50,205,355 -
Projects 2,233,596 2,233,596 -
Transfers Out 8,512,036 8,512,036 -
Total $226,379,237 $227,187,603 ($808,545)
Expenditure Year End Projections June 30, 2025
Actual Results FY 2024-25
Recurring Revenues & Transfers In $213,834,903
Operating Expenditures & Transfers Out 227,187,603
Total Operational Deficit ($13,352,700)
Year End Projection June 30, 2025
9 10
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