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Home My WebLink AboutPOWERPOINT PRESENTATION - PROPOSED BIENNIAL BUDGET FY 2015-17 (ITEM #8)Proposed Biennial Budget FY 2015-1 7 US IN BUILDING tip, FUTURE w FY 2015-16 Total Revenue Special Districts Community Funds Facilities $2,136,800 Districts Funds 2/ CDBG Funds $7,929,400 Park Funds $552,300 7/ $198,000 <1% Capital Measure "M" Water Enterprise All Other Sources Improvement Funds Funds $16,008,800 Fund $3,757,800 $20,651,200 14% $3,424,700 3% 189 3 Internal Service - _ Gas Tax Fund $1,657,800 Funds $5,155,800 1% 4% General Fund Emergency Fund $55,347,800 $0 479 0% PA FY 2015-16 Total Expenses Water Enterprise Funds $25,901,800 16% Special Districts Funds $2,657,900 2% Park Funds $6,736,700 4% Measure "M" Funds $3,798,800 2% Internal Emergency Fund Service Funds $0 $6,224,200 0% 4% All Other Sources CDBG Funds $552,300 <1% Community Facilities Districts Funds $10,205,300 6% Capital Improvement Fund $3,642,000 2% Gas Tax Fund $2,172,700 1% 3 FY 2016-17 Total Revenue Special Districts Community Funds Facilities $2,161,800 2% Park Funds $168,000 <1% Measure "M" Funds $1,663,800 2% A� Internal Service Funds $5,767,900 5% Emergency Fund $0 0% Districts Funds $8,003,400 7% CDBG Funds $882,300 1 0/ Capital Improvement Fund $1,394,700 1% Gas Tax Fund $1,657,800 1% FY 2016-17 Total Expenses Special Districts Funds $2,673,400 2% Park Funds $80,000 <1% Measure "M" Funds $1,034,000 1% Internal Service Funds $5,861,800 5% Emergent Fund $0 0% Water Enterprise Funds $26,002,800 23% Community All Other Sources Facilities $10,697,600 Districts Funds 10% $8,025,500 CDBG Funds 7% 5882.300 Capital Improvement Fund $1,380,000 1% Gas Tax Fund $2,126,500 2% L7 FY 2015-17 Use of Funds PROPOSED EXPENDITURES FUND FY 2015-16 FY 2016-17 GENERAL FUND $54,095,300 $53,613,300 BACKBONE FEE FUND $10,128,300 $0 EQUIPMENT REPLACEMENT FUND $1,948,900 $1,983,900 INFORMATION TECHNOLOGY FUND $1,837,900 $1,886,600 LAND HELD FOR RESALE FUND $10,472,300 $9,812,300 TUSTIN SL $627,500 $648,000 NON -RESTRICTED PARTIALLY CAPITAL PROJECT FUND - CIP $3,642,000 $1,380,000 EMERGENCY FUND $0 $0 RESTRICTED PARK DEVELOPMENT $6,736,700 $80,000 RESTRICTED 2010 MCAS TABS $29,704,400 $107,500 ASSESMENT DISTRICT $745,200 $740,200 ASSET FORFEITURE $275,000 $100,000 CABLE PEG FEE $500,000 $0 CDBG $552,300 $882,300 CFD 04-1 / 06-1 / 07-1 $10,205,300 $8,025,500 GAS TAX $2,172,700 $2,126,500 LIABILITY $1,126,000 $1,101,000 MEASURE M / M2 $3,798,800 $1,034,000 SCAQMD FUND $98,000 $0 SUCCESSOR AGENCY (TRUST FUND) $250,000 $250,000 SUPPL. LAW ENFORCEMENT $100,100 $101,200 TUSTIN HOUSING AUTHORITY $333,200 $326,600 TUSTIN LLD $1,285,200 $1,285,200 UNEMPLOYMENT $30,000 $30,000 WATER ENTERPRISE $25,901,800 $26,002,800 WORKER'S COMP. 1 $1,281,4001 $860,300 6 TOTAL: $167,848,300 1$112,377,200 FY 2015-16 General Fund Revenue Triple Flip started on 7/1/2004 Sales Tax $22,929,000 41% Residual Property Tax $1,300,000 2% Sales Tax - reconciliation for Triple Flip (one time) Use of Property Admin Fee & All Other $1,4831000 $1,067,500 Sources 3% 2% $4,371,400 Fines and Forfeitures 8% $726,000 1% Various Taxes 1,994,200 Franchise Fees 4% $1,854,000 3% / Interest Income / $103,000 <1% Revenue from Other Agencies $70,000 <1% Recreation Fees $800,500 1% Property Tax In Lieu of I VLF Property Tax $6,353,000 $8,842,700 11% 16% Licenses/Perm its/Fee $2,594,500 5% One Time / Successor Agency Transfer $789,000 1% lanned Use of Reserves / Revenue Carry -Over $0 0% rA FY 2015-16 General Fund Expenses Police Services $23,421,000 43% at Successor Agency / RDA Fire Services $0 $6,885,600 00/ Non -Departmental, 13%_ Public Works $11,101,900 21% Non -Departmental Includes: Retiree Health Insurance, Animal Control Contract Parks and Recreation $3,455,000 _7% Cather $2,372,900 4% City Council $37,500 <1% iCity Clerk $412,200 1% City Attorney City Manager $550,000 $1,121,100 1% 2% Finance $1,198,900 2% Community Development $2,854,100 5% Human Resources $685,100 1% 8 FY 2016-17 General Fund Revenue Use of Property Various Taxes Admin Fee & All Other $1,050,800 1,994,200 Sources 2% 4a/ $4,371,400 Fines and Forfeitures 8% $726,000 1% Sales Tax $24,040,400 Franchise Fees 44%I / x$1,8000 Oak.— _ 3/0 Re Agencies $70,000 <1% Recreation Fees $817,000 $6,450,000 20/ 12% 58,965,7au 17% Interest Income $103,000 <1% es/Permits/Fee 1,371,000 3% 'ime / Successor envy Transfer $789,000 1% of Reserves ;arty -Over I L!] FY 2016-17 General Fund Expenses Polis $2: Non -Departmental, Other Parks and Recreation $1,241,100 $3,591,700 0 2% 0_\ Successor Agency / Fire Services $7,167,600 13% Public Works $10,790,400 20% Non -Departmental Includes: Retiree Health Insurance, Animal Control Contract RD $0City 10%/"_1s_--'<1% uncil City Clerk ,00 $421,800 � 1% l�City Attorney $550,000 1% Community Development $2,748,500 5% ---,—City Manager .Finance $1,134,800 1,213,300 2% \ 2% Human Resources $734,400 2% 10 Sales Tax $30 c O $25 $20 $15 $10 $5 $0 09-10 10-11 11-12 12/13 13-14 14-15 Projected 15-16 Proposed 16-17 Proposed Sales Tax $15,671,033 $18,342,281 $19,666,678 $21,276,992 $21,975,567 $22,007,900 $24,412,000 $24,040,400 % Change -20.9% 17.0% 7.2% 8.2% 3.3% 0.1% 10.9% -1.5% ➢Sales tax revenue — 9% increase for FY 2015-2017 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% -20.0% -25.0% Sales Tax f% Change ➢Wind down of the Triple Flip in FY 2015-2016 — one-time payment ($1.48M) Property Tax N $9 c 0 2 $8 $7 $6 $5 $4 $3 $2 $1 $0 — 09-10 10-11 11-12 ---r-_- 12-13 13-14 14-15 15-16 16-17 ➢ Property tax revenue — 3.5% increase for FY 2015-2017 based on consultant estimates & County Assessor information Property Tax Distribution Tustin Unified $0.440 School District ERAF $0.176 CITY OF TUSTIN $0.127 SOCCCD $0.089 County of Orange $0.062 OC Flood Control Dist. $0.020 OC Library Dist $0.017 OC Dept. of Education $0.016 Various Special Districts $0.054 ➢Increase in General Fund expenditures: ✓ Includes Measure M2 MOE funding & GF related CIP expenditures ✓ Decrease in Professional & Consulting services for an corresponding increase in Payroll expenditures and a 30% increase in personnel hours ✓ Increase in Fire Service contract (includes $66,000 for paramedics) ✓ Includes Successor Agency costs ✓ Cost of mandates: (per fiscal year) ✓ $1.3 million due to State/Federal Water Quality Regulations ✓ $1.225 million for Measure M2 Compliance ➢ Transfer into General Fund from Land Proceeds Fund: $500,000 ➢ Transfer into General Fund from Successor Agency fund, Administrative Cost allocation of $250,000 ➢ Transfer out to Liability Fund (Internal Service Fund): $1,126,000 (FY 15/16) & $1,101,000 (FY 16/17 — from Land Proceeds Fund — Fund 189) Prior GF Fund Balance Increased GF fund balance as of 6/30/2014 are attributed to: Increased revenues on property tax payments, residual property tax (RDA dissolution), & special Tax B (CFD) - $1.3M Increased revenues on building and planning fees - $0.7M Accounting adjustment for Transfer In which increased revenues - $1.2M Decreased operational costs - $1.7M Increased GF fund balance by $5M from $13.2 M to $18.2M for Fiscal Year 2013-2014 Audited 13/14 13/14 13/14 13/14 Audited 14/15 14/15 14/15 14/15 Projected Ending Actual Actual Actual Actual Ending / Projected Projected Projected Projected Ending Balance Balance Balance One -Time One -Time One -Time Transfer In Transfer In / Transfer / One -Time Fundl Description 06/30/13 Cash Revenues Expenditures Out 06/30/14 Cash Revenues Expenditures Transfer Out 06/30/15 100 General Fund $13,169,960 $1,802,221 $49,932,542 $46,102,309 $589,835 $18,212,579 $929,000 $50,102,105 $49,407,671 $1,000,000 $18,836,014 Increased GF fund balance as of 6/30/2014 are attributed to: Increased revenues on property tax payments, residual property tax (RDA dissolution), & special Tax B (CFD) - $1.3M Increased revenues on building and planning fees - $0.7M Accounting adjustment for Transfer In which increased revenues - $1.2M Decreased operational costs - $1.7M Increased GF fund balance by $5M from $13.2 M to $18.2M for Fiscal Year 2013-2014 Projected GF Fund Balance Policy requires 20% Staff projects the fiscal year 2015-16 General Fund fund balance at $20.1 million — 37.9% of operating expenditures Staff projects the fiscal year 2016-17 General Fund fund balance at $20.6 million — 38.5% of operating expenditures Purpose of a General Fund Reserve: Cash flow Emergencies/contingencies Internal financing (preserving current service levels) Projected 15/16 15/16 15/16 15/16 Projected 16/17 16/17 16/17 16/17 Projected Ending Proposed Proposed Proposed Proposed Ending Proposed Proposed Proposed Proposed Ending Balance Balance Balance One -Time One -Time Transfer In Transfer In One -Time / One -Time / Transfer Fundl Description 06/30/15 Cash Revenues Expenditures Transfer Out 06/30/16 Cash Revenues Expenditures Out 06/30/17 100 General Fund $18,836,014 $789,000 $54,558,800 $52,969,300 $1,126,000 $20,088,514 $789,000 $53,383,500 $53,613,300 $0 $20,647,714 Policy requires 20% Staff projects the fiscal year 2015-16 General Fund fund balance at $20.1 million — 37.9% of operating expenditures Staff projects the fiscal year 2016-17 General Fund fund balance at $20.6 million — 38.5% of operating expenditures Purpose of a General Fund Reserve: Cash flow Emergencies/contingencies Internal financing (preserving current service levels) FY 2015-17 Capital Improvement Projects Tustin Leg $73,547,a 62% Water Facilities $16,353,600 14% Flood Control Facilities t -I onn Finn Park Facilities $2,586,700 2% Facilities $5,005,000 $25,275,000 of the total CIP does not have a designated funding source blic Facilities 16,217,000 14% fic Control acilities ',813,100 3% 17 / Successor Agency: ✓The issuance of the "Finding of Completion" allows the City to move forward with expending MCAS Tax Allocation Bonds: ✓ CIP Projects: ($29.6M) ✓ Veterans Park at Tustin Legacy (20043) - $8M ✓ Bell Avenue Extension: Red Hill Avenue to Armstrong Avenue (70221) - $1M ✓ Peters Canyon Wash Water Capture and Reuse Pipeline (50039) - $100,000 ✓ Peters Canyon Channel Improvements (50040) - $2.2M ✓ Moffett Drive Extension from Park Avenue to east of Peters Canyon Channel (70224) - $16.3M ✓ Park Avenue Extension from Victory Road to Moffett Drive (70225) - $2M / Policy Questions: ✓Orange County Animal Care Services ✓Non revenue programs ✓Cost recovery on services /fees ✓Orange County Fire Authority ✓Paramedics - $66,000 ✓Chamber of Commerce request ✓Tourism program ($150,000) ✓Recreational use fee Questions