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Home My WebLink AboutPOWERPOINT PRESENTATION - REVISED BIENNIAL BUDGET FY 2015-17 (ITEM #9)Revised Biennial Budget FY 2015-1 7 US IN BUILDING lip, FUTURE HONORING OLJR PAST w FY 2015-16 Total Revenue Special Districts Funds $2,136,800 2% Park Fui $198,0 <1 Measure "P Funds $3,757,80 3% Intern Ft $5,1 Fmergenc, Fund $0 0% General Fund $55,469,300 41% Previous Revised nunity Facilities stricts Funds 21,129,400 16% Capital provement Fund 3,424,700 2% Gas Tax Fund $1,657,800 1% Change PA / FY 15/16 Total Budget Revenue changes since May 20th: $17,821,500 ✓CFD 14-1 ($13,.200,000) —Anticipated bond sales ✓General Fund ($121,500) —Transfer In from Land Proceeds Fund ✓Water Enterprise Fund ($4,500,000) —Transfer from operating fund to Water Capital and Water Enterprise Emergency Funds FY 2015-16 Total Expenses Special Districts Funds $2,657,900 1% _ Water Enterprise Fu $31,002,200 17% Park Funds $6,736,700 4% Measure "M" Funds $3,798,800 2% Internal Service ' -qj Funds Emergency $6,224,200 Fund 3% $0 0% Previous All Other Sources $52,185,300 28% General Fund $54,332,700 29% Revised CDBG Funds $552,300 <1% Community Facilities Districts Funds $23,405,300 13% Capital Improvement Fund $3,642,000 2% Gas Tax Fund $2,172,700 1% Change 4 ► FY 15/16 Total Budget Expense changes since May 20th: $18,861,800 ✓General Fund ($237,400) —Details on slide 13 ✓Land Held for Resale ($321,500)—Transfer to General Fund ($121,500) for EDD, and consultant services for an additional study to complete the Tustin Legacy Specific Plan ($200,000) ✓Water Enterprise Fund ($5,100,400) —Transfer to operating fund to Water Capital and Water Enterprise Emergent Funds ($4,500,000), consultant services ($135,200, Eq uipment fund charge ($165,200), and capital expenditures ($300,000). ✓CFD 14-1 ($13,200,000) —use of CFD funds on Peters Canyon Channel ✓Tustin Housing Authority ($2,500) —personnel related adjustments FY 2016-17 Total Revenue Special Districts Funds $2,161,800 o/ Park Fundi $168,000 <1% Measure "M" Funds $1,663,800 2% Internal Ser% Funds $5,767,90, 5% Emergency $0 0% All Other Sourres $54,297,500 50% city Facilities icts Funds 003,400 7% iI Improvement Fund )1,394,700 1% Gas Tax Fund $1,657,800 1% Previous Revised Change / FY 16/17 Total Budget Revenue changes since May 20th: $125,000 ✓General Fund ($125,000) —Transfer In from Land Proceeds Fund FY 2016-17 Total Expenses Special Districts Funds $2,673,40- 2% Park Funds $80,000 ¢1% Measure "IV Funds $1,034,00( 1% Internal Service $5,861,80 5% Emerg All Other Sources CDBG Funds Water Enterprise Funds $10,825,400 $882,300 .,o. 1% �� General Fund $53,819,700 47% Previous Revised Change inity Facilities ricts Funds ,025,500 7% apital ovement =und ;80,000 1% Gas Tax Fund $2,126,500 2% 8 / FY 16/17 Total Budget Expense changes since May 20th: $2,114,600 ✓General Fund ($206,400) —Details on Slide 17 ✓Land Held for Resale ($125,000) —Transfer to General Fund ✓Water Enterprise Fund ($1,780,400) —Consultant services ($115,200), Equipment fund charge ($165,200), and capital expenditures ($1,500,000). ✓Tustin Housing Authority ($2,800) —personnel related adjustments FY 2015-16 General Fund Revenue Triple Flip started on 7/1/2004 Sales Tax Sales Tax - reconciliation for Triple Flip (one time) Use of Property $1,483,000 $1,067,500 3% 2% Various Taxes 1,994,200 4% Residual Property Tax $1,300,000 2% Revenue from Other-/ Agencies Recreation Fees $70,000 $800,500 <1% 1% Admin Fee & All Other Sources $4,371,400 Fines and Forfeitures �8% $726,000 1% Property Tax In Lieu of I VLF Property Tax $6,353,000 $8,842,700 11% 16% Franchise Fees _$1,854,000 3% Interest Income $103,000 <1% $2,594,500 5% One Time / Successor Agency Transfer $910,500 2% lanned Use of Reserves / Revenue Carry -Over $0 0% Previous Revised Change / FY 15/16 General Fund Revenue changes since May 20th: $121,500 ✓Transfer In from Land Proceeds Fund FY 2015-16 General Fund Expenses Parks and Recreation Fire Services $3,455,000 $6,869,800 6% 13%_ Police Services $23,318,400 43% — LPublic Works $11,191,200 Non -Departmental Includes: Retiree Health Insurance, Animal Control Contract 21% Successor Agency/ RDA $0 _0% Non -Departmental, Other $2,517,900 5% City Council 637,500 City Clerk <1% $412,200 1% City Attorney .City Manager $550,000 $1,242,600 1% 2% Finance $1,198,900 2% \-Human Resources $685,100 Community 1% Development $2,854,100 5% Previous Revised Change / FY 15/16 General Fund Expense changes since May 20th: $237,400 ✓Economic Development personnel &consulting ($121,500) ✓Public Works Equipment fund charge ($89,300) & personnel adjustments ($11,500) ✓Personnel adjustments ($1O2,6O0) ✓OCFA ($15,800) ✓Non -departmental consultant services ($75,000) & OC Animal Care services ($70,000) FY 2016-17 General Fund Revenue Sales Tax $24,040,400 44% Sales Tax - reconciliation for Triple Flip (one time) Use of Property Admin Fee & All Other $0 $1,050,800 Sources 0% 2% $4,371,400 Fines and Forfeitures 8% $726 000 Residual Property Tax $1,500,000 3% Revenue from Other Agencies $70,000 <1% Previous Recreation Fees $817,000 2% 1% Various Taxes 1,994,200 Franchise Fees 4% $1,854,000 3% Interest Income $103,000 <1% Licenses/Perm its/Fee $1,371,000 3% One Time / Successor Agency Transfer $914,000 2% (Planned Use of Reserves / Revenue Carry -Over $0 Property Tax In Lieu of 0% VLF Property Tax $6,450,000 $8965,700 12% 17 Revised Change 14 / FY 16/17 General Fund Revenue changes since May 20th: $125,000 ✓Transfer In from Land Proceeds Fund FY 2016-17 General Fund Expenses Police Services $23,874,300 44% 01 Non -Departmental, Other $1,336,100 Parks and Recreation 3% C't C U i y u— $ $3,591,700 Success/rDA Agency/ $37,500 7% <1% City Clerk $421,800 Fire Services 1/ $7,167,600 13% City Attorney $550,000 City Manager 1% $1,259,800 2% Finance $1,213,300 2% Non -Departmental Includes: Retiree Health Insurance, Animal Control Contract Previous Public Works $10,884,700 20% Revised Human Resources $734,400 2% -Community Development $2,748,500 5% Change / FY 16/17 General Fund Expense changes since May 20th: $206,400 ✓Economic Development personnel &consulting ($125,000) ✓Public Works Equipment fund charge ($89,300) & personnel adjustments ($5,000) ✓Personnel adjustments ($107,900) ✓Non -departmental consultant services ($25,000) & OC Animal Care services ($70,000) Projected GF Fund Balance Policy requires 20% Staff projects the fiscal year 2015-16 General Fund fund balance at $20 million — 37.5% of operating expenditures Staff projects the fiscal year 2016-17 General Fund fund balance at $20.5 million — 38.0% 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 Fund 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 $910,500 $54,558,800 $53,206,700 $1,126,000 $19,972,614 $914,000 $53,383,500 $53,819,700 $0 $20,450,414 Policy requires 20% Staff projects the fiscal year 2015-16 General Fund fund balance at $20 million — 37.5% of operating expenditures Staff projects the fiscal year 2016-17 General Fund fund balance at $20.5 million — 38.0% 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% IM / Recommendations: ✓Adopt Resolution No. 15-31—Appropriating the City's budget for FY 2015-2016 ✓Adopt Tustin Housing Authority Resolution No. 15- 01—Appropriating the Housing Authority's budget for FY 2015-2016 ✓Adopt Resolution No. 15-36 —City's salary schedule ✓Resolutions for FY 2016-2017 will be brought back to City Council for adoption in Calendar Year 2016. 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