HomeMy WebLinkAboutFin Preliminary Budget FY2015-16 PPTPreliminary Budget
Fiscal Year 2015-2016
City Council Meeting
May 4, 2014
Presentation Agenda
FY201 4-1 5 Budget Status
Recommendations for unprogrammed funds
Anticipated adjustments
Preliminary FY201 5-16 Operating Budget
General Fund
Other Funds
What staff is seeking...
No action tonight
Review CM recommendations for FYI 4-15
unprogrammed funds
Review Preliminary FYI 5-16 Budget
assumptions and recommendations
Fiscal Year 2014-2015
Update
Fiscal Year 14-15 General Fund
Since April 20 review...
No adjustments to revenue
projections
No adjustments to expenditure
projections
FY2014-2015 Other Funds
Future action needed on some funds...
Adjust revenues and appropriations based
on actual operating activity (Recreation)
Adjust for minor changes to technology
spending plan
No other anticipated changes
Will return to Council for action
Potential uses of unprogrammed funds
($757K)
• Buildings/facilities
• Major Capital (City infrastructure)
• Operating Reserves
• Unfunded liabilities
• Technology
General Fund
services
Recap of discretionary
General Fund allocations
FY1 4-15
$3.7 million for Measure E Priorities
$1.0 million to GF Reserve
$481< to Major Crimes Task Force
(partial year)
Recommended uses of
unprogrammed funds (General Fund)
($757K)
Transportation Planning (TAM)- $125K
Risk Mgmt Support - $ 67K
Infrastructure Reserve - $200K
Pre -fund Emergency Reserve -$3651<
Will tale pressure off future budgets
General Fund Reserve Status
as of June 30, 2015
Projected to increase to $6.3 million
10.0%
of
annual expenditures
(target 10%)
up
from
$1.3 million/ 2.4% at
6/30/2011
General Fund Emergency Reserve
12.0%
$6.3 million
10.0%
dops
i
i
8.0%
6.0%
4.0%
$1.4 million
2.0%
0.0`./0 -
June 2010 June 2011 June 2012 June 2013 June 2014 June 2015
Fiscal Year 2015-2016
Proposed Budget
FY 2015-16 General Fund Revenues
Key trends and assumptions...
Property tax + 5. 0%
Sales Tax +4.0%
Business Tax +3.25%
Transient Occupancy +3.0%
Development- related +3.0%
Overall revenues: $72.3 million 4.9%
(+4.2% w/o one-time items)
■
Other GF Revenue Highlights
Measure E - Transactions & Use Tax
$3.8 million projected for FYI 5-16 (2nd full year)
Will add to$4.3+ million projected current Y -E
Set aside for public safety facilities
Recorded in General Fund (segregated)
FY 2015-2016 Budget
Expenditure trends and assumptions...
Homeless Initiative
Massage Ordinance Enforcement
Major Crimes Task Force
Technology Roadmap
$69K net allocated to personnel changes
Customer Service
Communications / Community Outreach
Internal administrative support
FY 2015-2016 Budget
Expenditure trends and assumptions...
Overall GF Expenditures: $66.3 million 5.4%
Transfers out includes $1.0 million
contribution to Capital Improvement
Program.
Other funds (FY201 5-2016)
Parking Fund: $4.7 million
Paramedic Fund: $6.7 million
Measure "A" Open space/parks: tbd
Measure "C" Library parcel tax: $867K
CIP (Gas Tax, Stormwater, Grants) $19.5 million
Recreation Fund: $4.1 million
Childcare Funds: $4.0 million
May 18
Final, proposed City-wide budget
adoption for FYI 5-16 budget
,June
Resolution amending FYI 4-1 5 budget
GANN Appropriations Limit
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