Agenda Related Items - Meeting of May 13, 2025
Supplemental Packet Date: May 13, 2025
THOUSAND OAKS CITY COUNCIL
Supplemental
Information
Packet
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11:45 a.m.
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T
o: Andrew P. Powers, City Manager
From: Jaime Boscarino, Finance Director
Date: May 13, 2025
Subject: Agenda Item 11.A. – Proposed FY 2025- 26 and FY 2026- 27 Operating Budget Study Session
A
s indicated in the staff report for the above-captioned agenda item, the Proposed FY 2025- 26 and FY 2026- 27 Operating Budget document is provided under separate cover. The document is available for review at: https://toaks.gov/budget and https://thousandoaks.openbook.questica.com/#/.
I
n addition, the staff report has been updated. The changes are due to rounding which increases the overall budget allocation by $3 in FY 2025-26 and decreases the budget allocation by $1 in FY 2026-27. The changes are reflected below.
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m 1:
F
INANCIAL IMPACT:
Fi
nancial Impact to be Determined. Financial impact of the Proposed FY 2025- 26 and FY 2026- 27 Operating Budget is $217,622,326 and $226,346,524, for a Total Proposed Budget of $305,758,196 and $305,143,340, respectively. This is a study session only. City Council will be requested to adopt the FY 2025-26 and FY 2026-27 Operating Budget and CIP Budget at its June 10, 2025, public hearing.
The public hearing date was approved by City Council at the April 8, 2025, City Council Capital Improvement Program Study Session meeting. 1 Item 2: Updated Figure 2
Figure 2 – City Appropriations by Fund
General Fund 127,098,134$ 41.6% 128,909,916$ 42.3% Water Fund 51,624,079 16.9% 51,893,838 17.0% Wastewater Fund 39,264,524 12.8% 36,274,731 11.9% Transportation Fund 16,792,967 5.5% 18,469,470 6.1% Landscaping Assessment District Fund 12,037,980 3.9% 12,156,199 4.0% Library Fund 10,356,670 3.4% 10,982,024 3.6% Street Improvement Funds 9,630,415 3.2% 11,671,960 3.8% Los Robles Golf Course Fund 8,476,249 2.8% 9,625,709 3.2% Theatres Fund 6,226,819 2.0% 6,437,348 2.1% Grants Fund 6,053,377 2.0% 3,680,370 1.2% Capital Projects Funds 5,275,032 1.7% 2,823,894 0.9% Lighting Assessment District Fund 3,950,548 1.3% 3,790,082 1.2% Solid Waste Fund 3,533,910 1.2% 3,046,698 1.0% Stormwater/Flood Control Assessment Funds 2,232,185 0.7% 2,043,952 0.7% ECTA - East County Transit Alliance 1,162,000 0.4% 1,236,998 0.4% Public Financing Authority Fund 1,005,600 0.3% 1,003,800 0.3% Community Development Block Grant (CDBG) 650,000 0.2% 650,000 0.2% Housing Trust Fund 251,457 0.1% 258,101 0.1% Cable Television (PEG) Fund 98,000 0.0% 150,000 0.1% Law Enforcement Agency Seizure Fund 38,250 0.0% 38,250 0.0% Total Citywide Appropriations 305,758,196$ 100.0% 305,143,340$ 100.0%
Item 3: Updated Table
Prior Year
Actual
FY
2023-24
Projected
Actual
FY
2024-25
Proposed
Budget
FY
2025-26
Proposed
Budget
FY
2026-27
Revenue
Special Assessment 149,788$ 1 50,000$ 156,000$ 157,000$ Other Revenue 574,275 5 85,827 450,000 450,000 Transfers From Other Funds 326,757 2 04,132 1,626,185 1,436,952 Total Revenue 1,050,820$ 9 39,959$ 2,232,185$ 2,043,952$ Appropriations
Salaries and Benefits 639,098$ 6 73,693$ 535,763$ 555,404$ Maintenance and Operations 314,177 2 66,266 531,422 538,548 Total Operating Requirements 953,275 9 39,959 1,067,185 1,093,952 Capital Improvements - - 6 15,000 400,000 Maintenance Improvements 97,545 - 5 50,000 550,000 Total Requirements 1,050,820$ 9 39,959$ 2,232,185$ 2,043,952$ Reserve/(Use of Fund Balance) -$ -$ -$ -$ Stormwater Fund
2 Item 4: Updated Table
Prior Year
Actual
FY 2023-24
Projected
Actual
FY 2024-25
Proposed
Budget
FY 2025-26
Proposed
Budget
FY 2026-27
Revenue
Metered Water Sales 19,424,419$ 24,438,700$ 23,728,000$ 25,315,900$ Base Charges 6,209,881 7,074,700 7,300,000 7,575,000 Lift Charges 1,116,147 1,391,020 1,250,000 1,290,000 Plant Investment Fees 176,073 1,545,500 200,000 250,000 Interest Income 2,443,532 1,150,000 1,035,939 893,689 Miscellaneous Revenue 948,422 369,500 580,999 588,999 Total Revenue 30,318,474$ 35,969,420$ 34,094,938$ 35,913,588$ Appropriations
Salaries and Benefits 5,410,215$ 5,708,955$ 6,797,996$ 7,091,893$ Maintenance and Operations 19,324,246 20,861,300 26,846,083 27,864,195 Total Operating Requirements 24,734,461$ 26,570,255$ 33,644,079$ 34,956,088$ Capital/Depreciation 2,706,997 10,212,084 17,280,000 16,900,000 Maintenance Improvements 585,545 80,000 700,000 37,750 Transfers to Other Funds - - - - Total Requirements 28,027,003$ 36,862,339$ 51,624,079$ 51,893,838$ Reserve/(Use of Net Position) 2,291,471$ (892,919)$ (17,529,141)$ (15,980,250)$ Water Fund
(Operations/Capital)
FIN:390-10\rr\H:\COMMON\Council\2025\Administration\05132025\Proposed FY 2025-26 and FY 2026-27 Operating Budget Report Supplemental Memo.docx
3 Name City Agenda Item In favor/
Opposed
Comment
Faith Grant Westlake Village 9 - Consent Calendar In favor I was pleased to see and commend the City for the following items on the Consent calendar items D. the purchase of electric van and hybrid trucks, item G. purchase of four electric vans and H. the selection of a consultant related to Fleet Electrification and Battery Storage projects at the Municipal Service Center.
These actions address the burning of fossil fuels like gas and diesel, that are causing the Earth’s atmosphere to warm, resulting in changes to the climate.
All of these Calendar items are in accord with the Climate Environmental Action Plan’s goal of increasing the proportion of clean electric vehicles. Transportation is the second largest producer of greenhouse gases in the City of Thousand Oaks and these steps move the city towards reducing GHG emissions through the use of more efficient and less polluting vehicles.
As a member of two organizations focused on climate sustainability and resilience (Conejo Climate Coalition and the Ventura County chapter of Citizens’ Climate Lobby) I urge the city to continue transitioning the Municipal fleet to clean energy vehicles and building electrical infrastructure to assist in reaching the city’s target of a 42% reduction in GHG emissions by 2030.
Faith Grant
TO COUNCIL: 05/13/2025
MEETING DATE: 05/13/2025
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