South San Francisco City Council
June 28, 2023

Reserves Summary FY 2019-2024 Attachment 1
Description FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Projected FY 2024 EstimateGeneral Fund Reserves (20%) 24,400,000 $ 23,700,000 $ 21,900,000 $ 25,100,000 $ 25,100,000 $ $ 25,100,000 Infrastructure Reserves 10,700,000 22,200,000 19,200,000 18,033,000 7,440,826 3,390,800 Pension Stabilization Reserves 5,500,000 5,500,000 5,500,000 5,545,000 5,600,000 5,600,000 Unappropriated GF Balance 11,100,000 15,000,000 15,000,000 12,327,000 6,060,000 6,060,000 Reserves Fund Balanc
e $ 66,400,000 51,700,000 $ 61,600,000 $ 61,005,000 $ 44,200,826 $ 40,150,800 $ General Fund Revenue & Expenditure Trend Attachment 1
Revenue Type FY 2019 Actual FY 2020 Actual FY 2021 Actual FY 2022 Actual FY 2023 Y/E FY 2024 Proposed
Budget
Property Taxes 38,659,658 $ 42,847,441 $ 44,239,406 $ 49,779,285 $ 45,804,769 $ $ 47,980,000 Sales Taxes 19,606,689 19,859,057 19,370,155 22,361,011 22,391,018 23,351,500 Transient Occupancy Tax 17,091,222 13,829,025 6,710,270 12,135,639 14,160,752 14,910,000 Other Taxes 4,995,404 4,515,376 4,529,764 6,537,422 5,693,252 6,950,000 Franchise Fees 4,469,808 4,594,577 4,498,202 4,863,076 4,600,000 4,600,000 License & Permits 15,381,415 15,900,501 15,589,001 14,062,472 19,425,400 16,962,894 Fines & Forfeitures 926,728 814,355 535,750 700,961 710,824 337,826 Intergovernmental (Grants) 2,867,795 1,626,529 4,323,148 3,196,346 4,231,054 3,139,827 Charges for Services 11,563,754 9,978,676 6,516,155 9,747,605 8,265,097 9,709,257 Use of Money & Property 6,078,798 6,313,195 2,245,296 3,060,851 1,256,241 3,940,000 Other Revenues 330,845 171,406 733,823 514,995 263,903 700,000 Transfers In 7,143,014 1,302,436 2,272,022 4,763,729 6,151,400 2,593,804 PO/CIP Rollover 10,883,822 -
ARPA 4,987,373Total 129,115,131 $ 121,752,574 $ 111,562,992 $ 131,723,392 $ 143,837,532 $ 140,162,481 $ Expenditures FY 2019 Actual FY 2020 Actual FY 2021 Actual FY 2022 Actual FY 2023 Y/E FY 2024 Proposed
Budget
PAYROLL $ 85,198,957 79,713,899 $ 87,405,535 $ 95,445,374 $ 100,377,916 $ $ 105,942,584 SUPPLIES & SERVICES 16,811,682 16,333,732 15,127,117 21,887,485 30,756,837 23,261,011 CAPITAL OUTAY 749,398 - - - 825,400 45,000
INTERDEPARTMENTAL CHARGES 6,555,730 7,110,914 7,455,577 7,387,247 7,361,099 9,504,735 TRANSFERS* 4,289,797 2,951,629 3,884,196 1,533,749 4,533,270 1,400,000 TOTAL 108,120,507 $ 111,595,231 $ 113,872,426 $ 126,253,855 $ 143,854,523 $ 140,153,329 $ * Exclude the one-time transfer to Infrastructure Reserve