HomeMy WebLinkAboutFIN Citywide Budget, CIP and Legal Spending Limit FY 2019-20 PPTFINAL
PROPOSED
OPERATING/CIP
BUDGET
FISCAL YEAR 2019-2020
CITY COUNCIL
MEETING
JULY 15, 2019
PRESENTATION
AGENDA
CITY OF SAN RAFAEL FY 2019-2020 BUDGET
FY 18-19
Update
FY 19-20
Proposed
City-wide
Operating
Budget
AdoptionFY 19-20
Appropriations
Limit
FY 2018-2019 BUDGET STATUS
CITY OF SAN RAFAEL FY 2019-2020 BUDGET
Projected increase in total revenues –one time
▪Sales tax increase in auto and building and
construction
▪Increase in building development fees
No significant deviations expected for expenses
Any required adjustments for other funds will be
presented as part of the year-end update
FOLLOW UP FOR FY 2018-2019
CITY OF SAN RAFAEL FY 2019-2020 BUDGET
August/September 2019 –update on results (unaudited)
November 2019 –CAFR & Year-end financial/audit reports
PROPOSED BUDGET FY 2019-2020
CITY OF SAN RAFAEL FY 2019-2020 BUDGET
CITYWIDE BUDGET SUMMARY
CITY OF SAN RAFAEL FY 2019-2020 BUDGET
Fund
Sources
(Revenues and
Transfers)
Uses
(Expenditures
and Transfers)
General Fund 84,984,262$ 84,958,189$
General Plan 393,110 1,405,333
Special Revenue/Grant/Trust 25,373,790 24,054,074
Enterprise (Parking)5,238,406 5,165,257
Internal Service/Capital Replacement 18,148,574 17,057,307
Essential Facilities & Other Capital 4,150,449 27,235,200
Adj for ISF Charges/Transfers (25,026,588) (25,026,588)
City-Wide Totals 113,262,003$ 134,848,772$
GENERAL FUND -REVENUES
CITY OF SAN RAFAEL FY 2019-2020 BUDGET
Sales tax is flat
Property tax increase of 4%
Moderate growth of 1-3% for other revenue items
GENERAL FUND -EXPENSES
CITY OF SAN RAFAEL FY 2019-2020 BUDGET
Level of services maintained
Several City goals remain unfunded
Pension expenses are approximately 20% of total
budget
GENERAL FUND EMERGENCY
RESERVES
CITY OF SAN RAFAEL FY 2019-2020 BUDGET
1
PROJECTED
FY 2018-2019
$7.9 million
PROPOSED
FY 2019-2020
$8.1 million
10%10%
OTHER FUNDS
CITY OF SAN RAFAEL FY 2019-2020 BUDGET
Emergency Medical Services (Approved March 18)
Capital Project Funds (Presented June 17)
Measure A –Open Space (Approved June 17)
Measure D –Library Parcel Tax (3rd year)
Parking Enterprise Fund
Community Services –Recreation
Community Services –Childcare/Preschool
STAFFING
CITY OF SAN RAFAEL FY 2019-2020 BUDGET
Full Time Equivalent 407.73 –down by a net 4.85
Changes in personnel resulted in an increase of
$72k offset by other expense reductions
GANN APPROPRIATIONS LIMIT
CITY OF SAN RAFAEL FY 2019-2020 BUDGET
New calculated limit: $138,889,447
Appropriations subject to limit: $82,867,376
Under the legal limit: $56,022,071
RECOMMENDED ACTIONS
CITY OF SAN RAFAEL FY 2019-2020 BUDGET
(1) Adopt a resolution approving the Fiscal Year 2019-
2020 Budget (including Capital Improvement Program)
(2) Adopt a resolution approving GANN
Appropriations Limit