HomeMy WebLinkAboutItem 10- Budget AdoptionFiscal Years
2025-2027
Budget Adoption
June 3, 2025
Agenda
10-Year Fiscal Sustainability Strategy (FY 25/26 — FY 36/37)
Projected New Revenue — Not Included in Budget
Year 1 and Year 2 General Fund Reserves and Land Sale Proceeds Fund
z General Fund Major Revenue and Expenditure Overview
5. Capital Improvement Program Summary
6. Recommendations
Fiscal
SustainabiLity
Strategy
10-year Plan (FY 25/26 — FY 36/37)
GOAL:
To achieve sustainable alignment of on -going revenues with on -going
expenses within 10-years
OBJECTIVES:
Increase on -going General Fund Revenues
Advance development of City owned property to generate additional
recurring sales tax and property tax revenues
Decrease on -going General Fund expenses
Achievement of UAL paydown policy goal and reduce expenses
Utilize projected one-time revenues to fund:
a) General Fund Reserves minimum 15% fund balance level
b) Paydown of unfunded pension liabilities
c) Operations and programs, if needed to maintain existing service
leve is
Projected
New
Revenue
Not included in proposed budget
Confluent Senior Care (6 acres)
150 E. 1st Street (0.4 acres)
Pacific Center East (11 acres)
N-G Residential (61 acres)
Cornerstone II (52 acres)
FY 25-26
FY 26-27
FY 28-29
FY 27-28
FY 28-29
Proceeds may be a potential replenishment to the General Fund's
reserves.
New developments generate additional recurring revenues for the
General Fund to support on -going City programs. WOMIM
Beginning Fund Balance
GENERAL FUND
LAND SALE
$ 29,387
$ 85,954
Operating Revenue
95,345
2,000
Operating Expenditures
98,890
7,524
(3,545)
(5,524)
Net Operating Change
YEAR 1.Non-Recurring
Items:
ARPA Funding
708
FY25�26
Land Sale Proceeds
Capital Improvement Projects (CIP)
42,100
(22,277)
Furniture and Fixtures
(132)
Transfer -in From Land Sale Proceeds Fund to Maintain 20% Reserve Level
5,260
(5,260)
Budget
Optional Pension and OPEB
(4,320)
Required Pension UAL
(7,205)
Temporary Emergency Shelter
(1,485)
PD Mobile Digital Computers (MDC)
(234)
PD Body-Worn/In-Car Cameras
(900)
PD Locker Room Remodel
(1,000)
GF Reserve % to Operatina Expenditures 20%
YEAR 2:0
FY 26-27
Budget
FY 2026-2027 Proposed Fund :. • & Land
Sale Proceeds•
•
GENERAL FUND
LAND SALE
$ 21,088
$ 90,439
Beginning Fund Balance
Operating Revenue
98,161
2,000
Less: Operating Expenditures
104,708
6,942
(6,548)
(4,942)
Net Operating Change
Non -Recurring Items:
Capital Improvement Projects (CIP)
(8,125)
Water Loan Repayment
714
Furniture and Fixtures
(77)
Vehicles and Equipment
(1,000)
Transfer -in From Land Sale Proceeds Fund to Maintain 20% Reserve Level
6,835
(6,835)
Required Pension UAL
(7,709)
Temporary Emergency Shelter
(1,557)
PD CAD/RMS Dispatch System
(1,300)
PD Body-Worn/In-Car Cameras
(600)
PD Locker Room Remodel
(1,000)
GF Reserve % to Operating Expenditures 20%
Year 1 General Fund Revenues
Other Revenue. Non -Recurring, $6.0 ,
YEAR 2 General Fund Revenues
Non -Recurring,
YEAR 1m. General Fund Expenditures
Recurring Expenditures:
PArcnnnal — 0,al nriAc and
Nan -Recurring,
YEAR 2m. General Fund Expenditures
Recurring Expenditures:
Nan -Recurring,
Capital Improvement Program Overview
FY 25-26 CIP budget
$58 million, 35
projects
FY 26-27 CIP budget
$32 million, 17
projects.
Project details can be
found in CIP section
of budget book
Capital Improvement Program (in millions)
$25.8
8"
$6.3
$1.7 $1.6
__M a_
FACILITIES PARKS TRAFFIC/STREETS WATER LEGACY
FY 25-26 FY 25-27
UNFUNDED
Recommendations
Adopt year 1 (FY 25-26) of the Biennial Budget for FY 25-27
Adopt FY 25-26 GANN limit
3. Adopt FY 25-26 Housing Authority's budget
4 Update the related citywide salary schedule and position control
/OOOOO—=MWO=
N UJII
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Thank You!
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