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Home My WebLink AboutFIN Final City-Wide Proposed Budget & Spending Limit PPTFINAL PROPOSED OPERATING/CIP BUDGET FISCAL YEAR 2018-2019 CITY COUNCIL MEETING JUNE 18, 2018 PRESENTATION AGENDA CITY OF SAN RAFAEL FY 2018-2019 BUDGET FY 17-18 Update FY 18-19 Proposed City-wide Operating Budget Financial Trends and Assumptions AdoptionFY 18-19 Appropriations Limit WHAT IS STAFF SEEKING? CITY OF SAN RAFAEL FY 2018-2019 BUDGET Consider Operating Budget, CIP, Goals based on prior direction Adopt FY 18-19 BUDGET CIP Appropriations Limit Update FY 17-18 STATUS RECENT FY17-18 BUDGET CHANGES CITY OF SAN RAFAEL FY 2017-2018 BUDGET Strike team reimbursements -offset additional Fire OT Auto sales jumped during fall 2017; no ongoing impact Development-related fees flat FOLLOW UP FOR FY 2017-2018 CITY OF SAN RAFAEL FY 2018-2019 BUDGET August 2018 –update on results (unaudited) November –CAFR & Year-end financial/audit reports PROPOSED BUDGET FY 2018-2019 CITY OF SAN RAFAEL FY 2018-2019 BUDGET REVENUE ASSUMPTIONS FY18-19 CITY OF SAN RAFAEL FY 2018-2019 BUDGET Property Tax +3.95% Sales Tax +0.00% Measure E (Transactions & Use) +0.00% Business Tax +3.00% TOT (Hotel Tax) +3.00% Development-related (permits, inspections, fees)+3.00% SALES TAX REVENUE CITY OF SAN RAFAEL FY 2018-2019 BUDGET 2013 2014 2015 2016 2017 2018 PROJECTED $22.7 M $21.0 M $19.6 M $17.4 M $20.5 M 2019 PROJECTED $21.4 M $21.2 M FY 2018-2019 PROPOSED GENERAL FUND ALLOCATIONS CITY OF SAN RAFAEL FY 2018-2019 BUDGET Continued service levels •Homeless Initiative •4th Street patrol continues •Additional police officers •Major Crimes Task Force •Massage (follow up enforcement) •Deep Green (est. $20K) FY 2018-2019 GENERAL FUND CITY OF SAN RAFAEL FY 2018-2019 BUDGET Projected Proposed $ Change from previous % Change from General Fund FY 2017-18 FY 2018-19 year previous year Revenues $77,562,000 $78,503,000 $941,000 1.2% Transfers in 1,356,344 1,686,911 Total Resources $78,918,344 $80,189,911 $1,271,567 1.6% Expenditures $72,633,000 $75,188,636 $2,555,636 3.5% Transfers out – operating 2,350,000 1,850,000 Total Operating Uses $74,983,000 $77,038,636 $2,055,636 2.7% Capital Transfers (Measure E for Essential Public Facilities)$4,025,000 $4,025,000 Net Results before Allocations $ (89,656) $ (873,725) (Allocations) / Use of reserved funds Emergency reserve $ (120,000) $ (260,000) Purchase Order rollover 50,581 Total Results $ (159,075) $ (1,133,725) Allocation of unassigned funds 159,075 1,133,725 Net After Allocations $ - $ - GENERAL FUND EMERGENCY RESERVES CITY OF SAN RAFAEL FY 2018-2019 BUDGET PROJECTED TO INCREASE BY $260K 1 PROJECTED FY 2017-2018 $7.3 million PROPOSED FY 2018-2019 $7.6 million 10%10% OTHER FUNDS CITY OF SAN RAFAEL FY 2018-2019 BUDGET •Successor Agency •Emergency Medical Services (Approved May 7) •Capital Project Funds (Presented May 21) •Measure A –Open Space (Approved May 21) •Measure D –Library Parcel Tax (2nd year) •Parking Enterprise Fund •Community Services –Recreation •Community Services –Childcare/Preschool Capital Improvement Program FY 2018-19 FY 2018-2019 CIP FUNDING SOURCES CITY OF SAN RAFAEL FY 2018-2019 BUDGET Measure E –Essential Public Safety Facilities Stormwater Fee Gas Tax Measure A –Open Space Traffic Mitigation Fees General Fund contribution to building fund New CIP Projects FY 2018-19 Projects City-Owned Properties $ 618,000 Parks $ 90,000 Drainage $ 190,000 Right-of-Way $2,016,863 In addition to $93.0 million in active projects; including $72.3 Essential Public Safety Facilities STAFFING CITY OF SAN RAFAEL FY 2018-2019 BUDGET •Full Time Equivalent 410.48 •No change from current levels GANN APPROPRIATIONS LIMIT CITY OF SAN RAFAEL FY 2018-2019 BUDGET •New, calculated limit: $133,688,947 •Appropriations subject to limit: $77,599,200 •Staff recommends adoption PENSION FUNDING •City’s Pension Funding policy requires annual report out •Composite contribution rate for FY18-19 increasing by .72% to 61.76% •Short-term contribution rate forecast is stable •City reserve for unforeseen rate increases and POB principal repayment -$ 2 million OPEB FUNDING CITY OF SAN RAFAEL FY 2018-2019 BUDGET •City policy is to make full actuarially determined contribution (ADC) •FY18-19 will be seventh consecutive year full contribution is made ($3.6 million) RECOMMENDED ACTIONS CITY OF SAN RAFAEL FY 2018-2019 BUDGET Resolution adopting Fiscal Year 2018-2019 Budget (including Capital Improvement Program) Resolution approving GANN Appropriations Limit