HomeMy WebLinkAbout2021-2023 Biennial Budget Workshop CITY OF TUSTIN
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2021 -2023
BIENNIAL BUDGET
WORKSHOP
The Budget C
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/ V
Biennial Budget Development Timeline
Revenue and Expense Projections
Personnel Budget Development
Departmental Budget Preparation
Departmental CIP Preparation
City Manager Review
Preliminary Budget Preparation MM
Public Input & Engagement
City Council Review
Budget Adoption
Mid-Year Mid-Term Budget Update:
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Typically takes place in February
Proposed Budget Summary (
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Summary of Proposed Biennial Budget All Funds
2021/22 2022/23
Proposed Budget Proposed Budget
Projected Beginning Reserves $ 14238103585 10538763595
Revenues & Transfers In 131 ,763,971 13032773629
Non-Capital Expenditures & Transfers (134,584,012) (133,319,466)
Capital Project Expenditures (34, 113,949) (13,705,000)
Projected Ending Reserves $ 10538763595 8931293758
2022/23 General Fund Revenues
Use of Property Various Taxes Admin Fee &All Other Fines and Forfeitures Franchise Fees
$1,958,073 $1,034,083 Sources $922,000 $1,576,000
3% 1% $2,090,400 1% 2%
Transient Occupancy Tax 3% Interest Income
$1,920,400 $208,000
3% <1%
Licenses/Permits/Fee
$3,382,147
f 5%
Transfers In from Other
Sales Tax Funds
$28,384,500 $9,030,648
38% 12%
Property Tax
$12,036,500
16%
Residual Property Tax
$1,706,100
2%
Revenue from Other I Property Tax In Lieu of
Agencies Recreation Fees VLF
$225,000 $978,000 $9,303,900
<1% 1% 13%
Sales & Use Tax Revenue
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$29 12.0%
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0
10.0%
$28
8.0%
$27
6.0
$26 4.0
$25 2.0%
0.0
$24
-2.0%
$23 —
-4.0
0
22 -6.0/
15-16 16-17 I 17-18 18-19 I 19-20 20-21 21-22 22-23
Projected Proposed Proposed
Sales Tax $24,185,617 $24,765,631 $24,575,479 $26,267,684 $25,146,077 $26,428,960 $27,259,800 $28,384,500 Sales Tax
Change 10.2% 2.4% -0.8% 6.9% -4.3% 5.1% 3.1% 4.1% f% Change
2022/23 General Fund Expenditures
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PO . --------- ---------------
Non-Departmental, City Council
Parks and Recreation City Clerk
$4,544,256 Other $59,200
$8,586,573 <1% $712,407
6% 11% 1%
City Attorney
$833,000
1%
Fire Services City Manager
$10,020,000 $784,800
13% 1%
Economic Development
Finance $1,346,848
-- $1,637,206 2%
Police Services 2%
$28,023,405
36%
Public Works
$16,091,270 Human Resources
21% $1,124,656
Community 1%
Development
$4,095,406
5%
American Rescue Plan Act of 2021 (ARPA)
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0
$19.4m has been allocated to the City of Tustin, which can be used to:
Respond to the public health emergency
� Address negative economic impacts caused by the public health
� emergency
� Replace lost revenue related to the public health emergency
� Invest in water, sewer, and broadband infrastructure
On May 10t", the U.S. Department of Treasury issued a 151-page
"Interim Final Rule", which sets forth detailed guidance on how these
� funds may be used .
Staff plans to seek guidance from the City Council at a subsequent
meeting on a formal spending plan once the Treasury Department's
detailed guidance has been analyzed .
General Fund Reserves
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20% 21%
17% Targeted ARPA*
0
(15%-20%) ($4.8m)
Reserves
Minimum without
(15%) ARPA
(15%)
GFOA National City Policy Projected Reserves
Benchmark at 6/30/23
*At least $4.8 million of ARPA funds are expected to be eligible to address revenue
shortfalls and for the provision of government services
Pension Funding Update
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Funded Status as of 6/30/19
Tustin Public Agency Avg.
2021/22 Proposed Capital Improvement P
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Water Facilities Flood Control
$8,212,498 Facilities
24% $150,000
<1% Park Facilities
$2,358,412
7%
Public Facilities
$2,589,743
8%
Tustin Legacy
$15,007,702
44% Traffic Control
Facilities
$554,000
2%
Transportation
Facilities
$5,241,594 $3431133949
15%
Proposed Capital Improvement Program
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Simon Ranch Reservoir, Booster Pump Station & Pipeline Replacement
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Proposed Capital Improvement Program
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Neighborhood D-South Improvements "AS- 2 WARNER AVENUE
PHASE 2 I
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First of two phases - A,R1� AVENU
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FEEBLER MY
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Construction of backbone and non- JLU
backbone infrastructure
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Grading and underground utilities
FLIGFR AY
being installed
LEGEND
Project complete early 2 0 2 2Nc _ °CKBO�E STREET
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Next Steps
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The purpose for the Budget Workshop is to provide a forum for public
engagement and to solicit feedback from the City Council on the
Proposed Biennial Budget and Capital Improvement Program .
The tentative date for Budget Adoption is June 15th.
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