HomeMy WebLinkAboutItem 15-General Fund CloseoutFY 2025=2026
General Fund Closeout Report
October 20, 2026
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UJI �I
10=Year Fiscal Sustainability Strategy
1. Increase
On -Going General
Fund Revenues
Advance development of
City -owned property to
generate additional tax
revenue
FY 25-26
YEAR 1 OF 10
3. Reduce
Use of One -Time
Revenues to Fund
• General Fund Reserves
(range: 15 %-20 % reserve level)
• Pension Paydown
• Recurring operations and
programs
2
25-26 General Fund Results
REVENUES
$106M
Recurring
$102.6M
Non -Recurring
$3.6M
UJI N
m
EXPENSES
$106M
� (Reserves
33%
3
Non -Recurring Expenses and Funding
• Required pension UAL( $3.8M)
• Vehicles, equip, and Police capital ($2.4M)
• Required pension UAL ($3M)
General Fund
Reserve Level $32M
4
tins a
General Fund Total Revenue
$3.6
(3%)
FY 25=26
ORecurring
$3.0
ONon -Recurring
External Sources
(Grant)
Internal Sources
(Reserves)
General Fund Recurring Revenue
FY 25=26
OSales Tax
OFees, Charges, and Earnings
OProperty Tax
• Other Taxes
$287
) $38.7
(38%)
$29
(28%)
MILLION
$6.2
(6%)
0
Tustin Sales Tax
(Millions)
Sales Tax Generators
General Consumer Goods 24%
Autos and Transportation 26%,4
ffoo,i
State and County Pools 1 7% A
Business and Industry
Others
22%
Sales Tax History
$35.4 $35.4 $37.4
22-23 23-24 24-25 25-26
7
Tustin Property Tax
(Millions)
Top Valuation Growth by Cause 25-26 vs 24-25
Total Growth
Annual CPI adjustment
Ownership transfer
New -construction (non-residential)
New construction (residential)
4. 8%
1.8%
1.9%
0.2%
0.2%
Top Valuation Growth by Use 25-26 vs 24-25
Residential 5.4%
Commercial 4.4%
Industrial 3.5%
$24.6
22-23
Property Tax History
$26.3 $27.3 $28.7
23-24 24-25 25-26
(91
General Fund Total Expense
FY 25=26
ORecurring
ONon -Recurring
$6.8 Pension UAL
$2.4 Vehicle, equip, & capital
0
General Fund Recurring Expense
FY 25-26 Results (Millions)
Police $40.7 (42%)
Public Works $17.6 (18%)
Fire $11.6 (12%)
Non -Departmental $7.4 (8%) -
Parks & Rec $6.0 (6%) -
Community Dev $5.2 (5%)
CMO $3.7 (4%)
Finance $2.0 (2%)
Human Resources $1.9 (2%)
City Attorney $0.85 (1 %)
City Council $0.1 (0%)
10
General Fund Recurring Expense History
(Millions)
$90 $97
0 Operation $76 $84
0 Personnel 43% 43%
43% �%
57% I I 56% I I 57% I I 57%
22-23 23-24 24-25 25-26
�N
11
0
0
Authorized Positions
Public Safety
Non -Public Safety
314.5 319.5 331.5 333.5
100
214.5
22-23
102
217.5
23-24
105
226.5
24-25
105
228.5
25-26
12
On -Going North Hangar Reimbursements
3 Total Invoiced
$105M
Paid to Date
=� $85m
Outstanding Balance
$19.4m
13
/� I, �," �r-
IUJIIN
26-27
* completed
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14
27-28
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