HomeMy WebLinkAboutFin Final Citywide Proposed Budget for Fiscal Year 2021-2022 and Legal Spending Limit PPTFINAL
PROPOSED
BUDGET
FISCAL YEAR 2021-2022
CITY COUNCIL
MEETING
JUNE 21, 2021
HOW WE GOT HERECOVID-19 Economic Recovery Plan (CERP) presented May 18, 2020
FY21 Budget presented June 15, 2020
FY21 Budget update presented September 21, 2020
FY20 Annual Finance audited reports presented November 16, 2020
FY21 Mid-year budget update presented March 1, 2021
FY22 Measure A work plan and preliminary capital improvement program
presented May 3, 2021
FY22 Preliminary citywide budget presented June 7, 2021
FY22 Final citywide budget presented tonight
EXECUTIVE SUMMARY
General Fund projected surplus of $53 thousand
No increase in staffing headcount of 411.73
Furloughs have been removed and all frozen positions have
been unfrozen
American Rescue Plan Act allocation of $16 million not included
in operating budget
PRESENTATION
AGENDA
FY 20-21
Update
FY 21-22
Proposed
City-wide
Budget
Recommend
the
acceptance
of the
report
FY 21-22
Appropriations
Limit
FY 2020-2021 BUDGET STATUS
Updates from March 1, 2021 mid-year presentation
GF -Projected increase in total revenues –3%
Sales tax and use tax increase of $1.7 million
Property transfer tax increase of $366 thousand
Excess Educational Revenue Augmentation Fund (ERAF)
increase of $368 thousand
GF –Projected increase in total expense –<1%
Increased operational transfer to Recreation to cover losses
due to the pandemic
FY 2020-2021 BUDGET STATUS
Projected net revenues of $5 million for FY 2020-21
$500 thousand will be used to replenish the Emergency
Reserve to appropriate levels
Other funds –
We are seeing impacts of COVID-19
Any required adjustments for other funds will be
presented as part of the year-end update
FOLLOW UP FOR FY 2020-2021
August/September 2021 –update on results (unaudited)
November/December 2021 –Year-end financial/audit
reports
PROPOSED BUDGET FY 2021-2022
BUDGET CALENDAR
January –Budget kickoff with departments and
introduction of expenditure assumptions
February –receipt of MCERA contribution rates
March –budgets are received from departments and
analyzed by Finance Department
April/May –finalize special revenue funds, operations,
internal service funds and CIP
June –proposed budget is presented
CITYWIDE BUDGET SUMMARY
Fund
Sources
(Revenues and
Transfers)
Uses
(Expenditures
and Transfers)
General Fund 89,616,102$ 89,562,734$
General Plan 1,136,203 928,586
Special Revenue/Grant/Trust 29,390,309 29,736,654
Enterprise (Parking)3,341,546 4,884,424
Internal Service/Capital Replacement 18,352,224 19,193,477
Misc Capital Project Funds 28,023 1,497,817
Adj for ISF Charges/Transfers (18,014,294) (18,014,294)
City-Wide Totals 123,850,113$ 127,789,398$
SUMMARY OF MAIN TAKEAWAYS
General Fund projected surplus of $53 thousand
Year over year revenues are projected to be $4.4 million
higher
Year over year expenses are projected to be $7.7 million
higher
SUMMARY OF MAIN TAKEAWAYS
No change to City workforce 411.73
American Rescue Plan Act allocation of $16 million over
two years
Economic Recovery for small businesses
Racial equity work
Housing and homelessness
Climate change and sustainability
Fund key technology and infrastructure projects
GENERAL FUND -REVENUES
Property tax increased by 2%
Sales and use tax increased by 10%, largely from
Measure R
Most other fees such as permits, licensing,
development fees and plan review increased in the
range of 10-22%
GENERAL FUND -EXPENSES
Year over year increase in expenditures of 9.7% or $7.7
million
Unfreezing and funding positions ($1.3 million; 17%)
Furlough lapse ($540,000; 6.5%)
Wage increases ($2.1 million; 27%)
MCERA composite rate increase ($1.9 million; 25%)
Policy focus areas ($1.9 million; 25%)
Pension expenses are approximately 15% of total City-
wide budget or 20% of General Fund
Increased cost of doing business
GENERAL FUND EMERGENCY RESERVES
1
PROJECTED FY 2020-2021$8.3 million
PROPOSED FY 2021-2022$9 million
10%
10%
WHAT'S NEXT
Continue to focus on re-opening the local economy and
enhancing efforts on business attraction and retention to
support businesses and increase revenues
Continue to collaborate with the County and all Marin cities
and towns to evaluate opportunities for savings through
additional partnerships, shared services, and/or other
consolidation efforts
Make headway on competing needs and policy focus areas
Determine eligibility and reporting requirements for ARPA
funding
OTHER FUNDS
Emergency Medical Services
Capital Project Funds (Presented May 3)
Measure A –Open Space (Approved May 3)
Measure D –Library Parcel Tax (5th year)
Measure C –Marin Wildfire Prevention (2nd year)
Parking Enterprise Fund
Community Services –Recreation
Community Services –Childcare/Preschool
STAFFING
Reinstate frozen positions
Remove the furlough which was implemented
for FY21
Proposed budget offers no change to staffing
from current levels
GANN APPROPRIATIONS LIMIT
New calculated limit: $150,770,339
Appropriations subject to limit: 82,522,271
Under the legal limit: $68,248,068
RECOMMENDED ACTIONS
(1)Adopt a resolution approving the Fiscal Year 2021-
2022 Budget (including Capital Improvement Program)
(2) Adopt a resolution approving GANN Appropriations
Limit