FY2023-24
Operating Budget
Presentation to City Council
Karen Chang, Director of Finance
June 28, 2023
Agenda
Budget Overview
FY 2023-24 General Fund
Proposed Budget
FY 2023-24 New
Requests
Positions
Supplies &
Services
Q&A
Budget Overview
Budget Overview 1
Planned Meetings to Discuss Budget
– Budget Standing Committee: May 31, 2023
– City Council Study Session: June 16, 2023
– City Council Adoption: June 28, 2023
City Reserves = $40,150,000
– General Reserves = $25,100,000
– Infrastructure Reserves = $3,390,000
– CalPERS Stabilization Reserve = $5,600,000
– Unappropriated GF Balance = $6,060,000
3 FY2023-24 Revenue Projections
4 RVENUE TYPE FY 2021-22
Actuals
FY 2022-23
Adjusted Budget
FY 2023-24
Proposed Budget
%age of TOTAL
Projected Revenues
Property Taxes $ 49,779,285 $ 45,804,769 $ 47,980,000 34.2% Sales Tax (w/o Measure W) 22,361,011 22,391,018 23,351,500 16.7% Transient Occupancy Tax 12,135,639 14,160,752 14,910,000 10.6% Other Taxes 6,537,422 5,693,252 6,950,000 5.0%
Franchise Fees 4,863,076 4,600,000 4,600,000 3.3%
Licenses & Permits 14,062,472 19,425,400 16,962,894 12.1% Fines & Forfeitures 700,961 710,824 337,826 0.2%
Revenue from Other Agencies 3,196,346 4,231,054 3,139,827 2.2% Charges for Services 9,747,606 8,265,097 9,709,257 6.9% Interest and Rent 3,060,851 5,453,469 3,940,000 2.8%
Other Revenues 514,995 263,903 700,000 0.5%
Transfers In 4,763,729 6,151,400 7,581,177 5.4%
TOTAL REVENUES $ 131,723,392 $137,150,938 $ 140,162,481 FY2023-24 Department Expenditures
5 DEPARTMENT FY 2021-22
Actuals
FY 2022-23
Adjusted Budget
FY 2023-24
Proposed Budget
%age of TOTAL
Projected
Expenditures
Council, Clerk, Treasurer $ 1,180,211 $1,583,002 $ 1,667,923 1.19% City Attorney 1,138,457 940,290 1,108,825 0.79%
City Manager’s Office 3,911,696 5,324,597 4,931,075 3.52% Finance Department 3,148,918 4,405,085 3,992,281 2.85%
Non-Departmental 14,746,076 2,852,698 1,894,367 1.35%
Human Resources Department 2,065,928 2,684,109 2,884,524 2.06% Economic & Community Develop. 11,006,918 15,609,630 8,499,933 6.06% Fire Department 32,560,465 33,424,717 32,761,869 23.38% Police Department 33,281,487 34,450,023 36,838,240 26.28% Public Works Department 6,294,565 8,603,705 11,954,045 8.53% Library Department 6,495,266 7,273,745 8,044,806 5.74%
Parks and Recreation Department 18,092,525 22,869,652 24,675,441 17.61% CIP 831,343 3,833,270 900,000 0.64%
TOTAL $ 134,753,855 $143,854,522 $ 140,153,329
Information Technology (ISF) $ 3,404,272 $ 5,241,804 $ 4,443,433 FY2023-24 Expenditures
6 Categories FY 2021-22
Actuals
FY 2022-23
Adjusted Budget
FY 2023-24
Proposed Budget
%age of TOTAL
Projected
Expenditures
Payroll $ 95,445,374 $100,377,916 $ 105,942,584 75.6%
Supplies & Services 21,887,485 30,756,837 23,261,011 16.6% Capital Outlay - 825,400 45,000 0.0%
Interdepartmental Charges 7,387,247 7,361,099 9,504,735 6.8% Transfers* 1,533,749 4,533,270 1,400,000 1.0%
TOTAL $ 126,253,855 $ 143,854,523 $ 140,153,329 100.0%
*Exclude the one-time transfer to Infrastructure Reserve General Fund Summary (FY2023-24)
7 Description Amount
PROJECTED REVENUES $135,175,500
+ ARP Funding 4,987,000
TOTAL Revenue & Resources 140,162,500
PROJECTED EXPENDITURES <$140,153,329>
RESULT BALANCED BUDGET
New Position Requests (FY2023-24)
8 Supplies & Services Requests (FY2023-24)
9 Department General Fund
City Manager 150,000.00
Finance 19,300.00
HR 120,000.00
ECD 150,000.00
Fire 313,550.00
Police 284,315.43
PW 1,805,500.00
Library 61,087.00
P&R 440,158.00
Total 3,343,910.43
Resolution
General Fund Budget
Other Funds
GANN Appropriations Limit
10 Other 4
QUESTIONS
11 Q&A 5