HomeMy WebLinkAboutPROPOSED BUDGET PRESENTATION - 6.5.18Biennial Budget
FY 2017-19 -2nd Year Update
$115,954,697
FY 2018-19 Total Revenue
2
FY 2018-19 General Fund Revenue
3$64,344,346
Changes in General Fund Revenues
4
•Projected increase revenues of $3,911,233
•Property tax:$404,500
•Sales tax:$109,400
•Property tax in lieu of VLF:$1,230,000
•Building permit &plan check:$849,241
•Building/property rental:$410,144
•Other revenues:$907,948
FY 2018-19 Total Expenses
5$218,747,709
FY 2018-19 General Fund Expenses
6$64,344,346
Non-Departmental Includes: Retiree Health Insurance, Animal Control Contract
Changes in General Fund Expenditures
7
•Projected Increase expenditures of $2,425,697
•Personnel costs:$488,845
•Various operational and consultant costs:$1,690,052
•Building software (EnerGov)license:$150,000
•Crossing guard &homeless outreach program:$123,500
•Economic Development consultant costs:$190,000
•Operational costs associated new facilities:$255,890
•Fire services contract:$123,300
•Information technology:$702,500
•Other operational and consultant costs:$144,862
•Other expenditures:$246,800
Projected GF Fund Balance
8
➢Policy requires 20%
➢Staff projects the fiscal year 2017-18 General Fund Fund Balance at
$22.0 M –35.0%of operating expenditures
➢Staff projects the fiscal year 2018-19 General Fund Fund Balance at
$20.8 M –32.3%of operating expenditures
➢Purpose of a General Fund Reserve:
➢Cash flow
➢Emergencies/contingencies
➢Internal financing (preserving current service levels)
Projected 17/18 17/18 17/18 17/18 Projected 18/19 18/19 18/19 18/19 Projected
Ending Projected Projected Projected Projected Ending Proposed Proposed Proposed Proposed Ending
Balance Balance Balance
Fund Description 06/30/17
One-Time
Transfer In /
Cash Revenues Expenditures
One-Time
Transfer Out 06/30/18
One-Time
Transfer In /
Cash Revenues Expenditures
One-Time
Transfer
Out 06/30/19
100 General Fund $29,990,266 $1,704,500 $59,698,196 $62,825,881 $6,578,023 $21,989,058 $1,494,585 $61,666,375 $64,344,346 $0 $20,805,673
FY 2018-19 Capital Improvement Projects
9$99,418,963
CIP roll over: $90.3M
Recommendations
10
➢Adopt Resolution No.18-40 –Appropriating the
City’s budget for FY 2018-2019
➢Adopt Tustin Housing Authority Resolution No.
18-01 –Appropriating the Housing Authority
budget for FY 2018-2019
Questions
11