HomeMy WebLinkAboutPROPOSED BENNIAL BUDGET FY 2019-21 PRESENTATION - 6.4.19Proposed Biennial Budget
FY 2019-21
Fiscal Year 2019-20
2
$126,662,424
FY 2019-20 Total Revenue
3
FY 2019-20 General Fund Revenue
4$70,069,868
FY 2019-20 Total Expenses
5$217,341,742
FY 2019-20 General Fund Expenses
6$70,069,868
Non-Departmental Includes: Retiree Health Insurance, Animal Control Contract
Fiscal Year 2020-21
7
$121,354,688
FY 2020-21 Total Revenue
8
FY 2020-21 General Fund Revenue
9$72,001,209
FY 2020-21 Total Expenses
10$146,394,440
FY 2020-21 General Fund Expenses
11$72,001,209
Non-Departmental Includes: Retiree Health Insurance, Animal Control Contract
Sales Tax
12
Sales tax revenue – No net change between FY 2018-19 and FY 2020-21
Property tax revenue (Basic Levy) is projected to remain relatively unchanged
between FY2018-19 and FY2020-21 based on information received from
consultant and County.
Property Tax
13
Projected GF Fund Balance
14
Policy requires 20%
Staff projects the fiscal year 2019-20 General Fund Fund Balance
at $16.9 M – 24.1% of operating expenditures
Staff projects the fiscal year 2020-21 General Fund Fund Balance
at $14.4 M – 20.0% of operating expenditures
Purpose of a General Fund Reserve:
Cash flow
Emergencies/contingencies
Internal financing (preserving current service levels)
Planned Use of Excess GF Balance
15
FY 2019-2020 Proposed
Balanced Budget
Transfer In $8,737,416
Planned Use of Excess GF Balance $1,792,463
Revenue $59,539,989
Expenditures ($70,019,868)
Transfer Out ($50,000)
$0
FY 2020-2021 Proposed
Balanced Budget
Transfer In $9,029,100
Planned Use of Excess GF Balance $2,464,499
Revenue $60,507,610
Expenditures ($72,001,209)
Transfer Out $0
$0
FY 2019-21 Use of Funds
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FUND FY 2019-20 FY 2020-21
GENERAL FUND $70.07 M $72.00 M
EQUIPMENT REPLACEMENT FUND $1.53 M $0.73 M
INFORMATION TECHNOLOGY FUND $3.59 M $3.41 M
LAND HELD FOR RESALE FUND $27.47 M $16.64 M
TUSTIN SL $0.96 M $0.96 M
OBLIG. REIMB. FROM S.A. FUND $1.99 M $0.00 M
CAPITAL PROJECT FUND - CIP $7.47 M $2.83 M
SPECIAL EVENTS $0.38 M $0.38 M
EMERGENCY FUND $0.00 M $0.00 M
PARK DEVELOPMENT $2.04 M $0.02 M
2010 MCAS TABs $1.72 M $0.24 M
ASSESMENT DISTRICT $0.55 M $0.55 M
ASSET FORFEITURE $0.00 M $0.00 M
BACKBONE FEE FUND $21.58 M $6.02 M
CABLE PEG FEE $0.05 M $0.05 M
CDBG $1.06 M $0.52 M
CFD 04-1 /06-1 /07-1 /13-1/14-1/Special Tax B $26.61 M $13.44 M
GAS TAX $3.10 M $1.60 M
LIABILITY $1.26 M $1.25 M
MEASURE M / M2 $5.10 M $0.20 M
ROAD MAINT & REHAB ALLOCATION $2.68 M $0.00 M
SCAQMD FUND $0.10 M $0.10 M
SOLID WASTE $0.21 M $0.22 M
SUCCESSOR AGENCY (TRUST FUND) $0.00 M $0.00 M
SUPPL. LAW ENFORCEMENT $0.13 M $0.14 M
TUSTIN HOUSING AUTHORITY $1.42 M $1.52 M
TUSTIN LLD $1.22 M $1.22 M
UNEMPLOYMENT $0.03 M $0.03 M
WATER ENTERPRISE $33.93 M $21.16 M
WORKER'S COMP. $1.11 M $1.15 M
TOTAL: $217.34 M $146.39 M
PROPOSED EXPENDITURES
FY 19/20 FY 20/21
$146.39 M
NON-RESTRICTED
RESTRICTED
$93.75 M
$49.42 M
PARTIALLY RESTRICTED $9.90 M $3.23 M
$105.61 M
$101.84 M
TOTAL EXPENDITURE $217.34 M
Capital Improvement Projects
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Category Proposed
FY 2019-20
Proposed
FY 2020-21
Total CIP
FY 2019-21
Flood Control Facilities $0 $0.2 M $0.2 M
Park Facilities $1.9 M $1.0 M $2.9 M
Public Facilities $11.4 M $0.8 M $12.2 M
Traffic Control Facilities $5.3 M $0.2 M $5.5 M
Transportation Facilities $10.6 M $0.4 M $11.0 M
Legacy Development $50.5 M $12.0 M $62.5 M
Water Facilities $10.4 M $2.5 M $12.9 M
$90.1 M $17.0 M $107.1 M
Capital Project Expenditures by Category
Unfunded Pension liability as of June 30, 2017 is $62.7 M
Additional Discretionary Payments:
FY 2019-20: $3.3 M
FY 2020-21: $3.3 M
Projected Unfunded Liability Payments
18
$-
$10
$20
$30
$40
$50
$60
$70
20
1
7
-
1
8
20
1
9
-
2
0
20
2
1
-
2
2
20
2
3
-
2
4
20
2
5
-
2
6
20
2
7
-
2
8
20
2
9
-
3
0
20
3
1
-
3
2
20
3
3
-
3
4
20
3
5
-
3
6
20
3
7
-
3
8
20
3
9
-
4
0
20
4
1
-
4
2
20
4
3
-
4
4
20
4
5
-
4
6
20
4
7
-
4
8
20
4
9
-
5
0
Mi
l
l
i
o
n
s
Pension UAL Balance with Additional Discretionary
Payment
Original Balance UAL Balance with ADP
Unfunded Pension liability as of June 30, 2017 is $62.7 M
The scenarios above assumes that CalPERS keep the discount rate at
7%, make no other assumption changes, and earn an average return
of 7% year over year.
Projected Unfunded Liability Payments (Cont.)
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Payment Scenario Total Payments Interest Paid Savings
Pay 100% of UAL Today $62.7 M $0 $66.6 M
Pay 100% of UAL over 15 Years $99.1 M $33.1 M $30.2 M
Pay 100% of UAL over 28 Years $129.3 M $63.3 M $0
Questions
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