HomeMy WebLinkAboutPOWERPOINT PRESENTATION-ADOPTED BUDGET FY 2013-14Adopted Budget
FY 2013-1 4
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FY 2013-14 Total Expenses
0
Measure "M" F
$9,404,90]
7%
Gas Tax Fund
$2,186,100
2%
CIP Fu
$14,418
11%
Gei
$4' _
,__ .
39%
Park Funds Internal Service Funds
$572,000 ,,,,�,a�_.�56.031.305
Aricts Funds
-)9,201
Loi
CDBG Funds
$866,656
1%
V Facilities
s Funds
15,414
KA
Total Expenditure -Changes from
Proposed Budget
Increase of $480,000 in CIP & Measure M to
make use of additional grant funding,
$240,000 from State Local Partnership
Program (SLPP)
Increase of $300,000 for Newport Median
Improvements
Increase of $676,000 for adjusted capital
project carry-over from the current fiscal year
to next.
91
FY 2013-1 4 Total Revenue
All Other Sources
$325,000 CDBG Funds
<1% $866,656
Water Enterprise Funds
$18,300,800
15%
Special Districts Funds
$1,418,901
1% 14
Planned Use of Reserves
$31,791,527
26%
Park Funds
$133,700
<1%
Measure "M" Funds
$8,112,774
7%
Community Facilities
Districts Funds
$7,896,500
_6%
Capital Improvement
Fund
$1,420,218
1%
Internal Service Funds
$3,777,600
3%
Gas Tax Fund
_$2,233,400
2%
General Fund
$47,764,400
38%
4
Total Revenue - Changes from
Proposed budget
Increase of $240,000 from State Local
Partnership Program (SLPP)
FY 2013-14 General Fund Expenses
Police Services
$23,342,720
49%
Parks and Recreation
$2,979,625
6%
Public Works City Attorney
$8,182,784 $550,000
17Successor Agency / RDA 1% City Clerk
$21,600 $444,998
1%
<1%
City Council
$121,800
Non -Departmental
_ $1,217,200
3%
Human Resources
$670,800
1%
<1%
City Manager
$652,100
1%
-Community
Development
$2,648,950
6%
Finance
$1,083,900
2%
Fire Contract Services
$6,181,900
13%
Includes: Retiree Health Insurance, Animal Control Contract 6
FY 2013-14 General Fund Revenue
Sales Tax
$22,007,900
46%
Residual 1
$4.
Revern
Agencies
$70,000
<1%
Use of Property
- aa7.7nn
Various Taxes Admin Fee & All Other
Sources
Recreation Fees
$737,900
2%
VLF
$5,940,000
12%
rrujJCrty IdA
$8,137,700
17%
and Forfeitures
$726,000
1%
-hise Fees
726,000
4%
Interest Income
$35,000
<1%
�s/Permits/Fee
L,511,500
3%
Time Successor
ency Transfer
$539,000
1%
A Reserves
a rry-Ove r
477
7
Propert
. $s
$7
$6
$5
$4
$3
$2
$1
$fl -
07-08
Tax
08-09 09-10
10-11
$7.8
12-13 13-14 8
dales Tax
N $25
0
$20
$15
$10
$5
$0
07-08 08-09
09-10 10-11
11-12
12-13 13-14
Projected GF Fund Balance
Projected 13/14 13/14 13/14 13/14 13/14 Projected
Ending Proposed Proposed Proposed Proposed Proposed Ending
Balance Balance
Planned Use
of Excess
One -Time Reserves / One -Time
Transfer In / Rev Carry- Transfer
Fund Description 06/30/13 Cash Over Revenues Expenditures Out 06/30/14
100 General Fund $11,373,667 $539,000 $273,477 $47,225,400 48,037,877 0 $11,100,190
PARS early retirement incentive yielded $1 million in
salary and benefit savings
Staff projects the fiscal year 2013-14 General Fund
fund balance at $11.1 million
Fund balance is 23% of General Fund Expenditures
Additional Rev for current year: $202,000 County Admin Fee
Refund & $200,000 residual Property Tax payment from ROPS
process
IM
Successor Agency - Recognized Obligation
Payment Schedule (ROPS)
State Department of Finance letter on May
17tH 2013 denied several critical items on the
ROPS that we previously approved
Successor Agency staff - $250,000
Public works agreement - $1.9 Million until repaid
Various legal costs - $100,000
Administrative Cost Allocation isn't sufficient
to meet projected administrative
expenditures of the Successor Agency
3% of RPTTF or $250,000 for fiscal year
Approved ROPS 13-14A -Admin allocation: $250,000
Property tax revenue - 3.6% greater than 2012-13
Sales tax revenue - 4.1 % greater than 2012-13
General Fund expenditures is about the same as the budget for
the prior fiscal year
Salary & Benefits savings due to PARS early retirement
incentive: ($1,182,736)
Operating expenditures increased by $1,184,639
Increase in Professional & Consulting services
Increase in Fire Service contract
Includes Successor Agency personnel costs
Transfer into General Fund from Land Proceeds Fund: $500,000
W
Professional & Consulting Costs
Community Development:
Increase of $243,000 due to contract Building
Official, Building Inspector, Grading Inspector, and
Permit Technicians which were previously staffed
positions
Public Works:
Increase of $225,000 due to contract Engineering
Services (Associate Engineer) and weed abatement
(Lead Worker/ Maintenance Worker and reduction in
supplies)
a]
Professional & Consulting Casts -
Continued
Gas Tax Fund:
Increase of $477,000 for Engineering and
Inspection Services that was previously staffed by
an Associate /Principal Engineer and Public Works
Inspection Supervisor
Water Enterprise Fund:
Increase of $292,000 for Engineering Services that
was previously staffed by an Associate Engineer.
The increase also includes additional costs
associated with hydraulic modeling and other
professional services.
FY 2013-14 Capital Improvement Projects
Tustin Legacy
$41,301,491
76%
Flood Control
Water Facilities Facilities
Park Facilities
67,000
1%
lic Facilities
.,266,347
2%
: Control
:ilities
,19,500
2%
tation
ies
,798
15
Recommendations
Adopt Resolution No. 13-50, adopting the
City Budget for Fiscal year 2013-2014
Adopt Tustin Housing Authority Resolution
No. 13-01, adopting the Tustin Housing
Authority Budget for Fiscal year 2013-2014
Adopt Successor Agency Resolution No. 13-
01 , adopting
the Successor Agency budget
for July through December of Fiscal Year
2013-2014
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