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Fiscal Year 2018-19 First Quarter Budget Update <br />December 4, 2018 <br />Page 3 <br />quarter with the exception of the Fire suppression/EMS Services and Community Development <br />Agency. The current expenditures for the Fire suppression/EMS Services appear higher <br />because of an advanced payment made in July and thus represent four months of payments as <br />required by the Orange County Fire Authority contract. The report shown also reflects no <br />expenditures for Youth Programs and Cannabis Enforcement. These programs are related to <br />anticipated Commercial Cannabis revenues of $5.2 million which, if the Ordinance is adopted on <br />December 4th, these funds will be budgeted beginning in FY 2019-20 in a separate fund. Since <br />revenues have not been collected to date, no monies have been appropriated and/or expended <br />for youth programs and Cannabis Enforcement activities respectively. Expenditures will continue <br />to be monitored throughout the fiscal year and will be reported out in the Mid -Year (Second <br />Quarter) Review. <br />CURRENT FINANICAL TRENDS FOR FISCAL YEAR 2018-2019 <br />Since fiscal year 2013-14, general fund revenues have increased on average by 2%. While the <br />"Top Six" general fund revenues have increased by 3%, other general fund revenues have <br />primarily remained unchanged. Furthermore, general fund expenditures have risen by 5% due to <br />increasing labor costs such as salaries and retirement. An update on pension costs will be <br />provided during the Mid -Year Review (Second Quarter) in February. <br />FISCAL YEAR 2017-2018 Vacancy Status (Exhibit 2) <br />The City has a total of 191 citywide vacancies across all funds with 134 vacancies in the general <br />fund. These general fund vacancies include 57 unfunded positions. Staff expects to request the <br />City Council to reconsider (fund, remove or amend) these positions and other organizational <br />changes during the fiscal year 2019-20 budget process. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item allows the City to meet Goal #4 - City Financial Stability, Objective #1, <br />(Maintain a stable, efficient and transparent financial environment). <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />^� � �✓YY7 <br />Ka hryn Downs, CPA <br />Executive Director <br />Finance and Management Services Agency <br />Exhibits: 1. Fiscal Year 2018-2019 First Quarter Budget Update <br />2. Fiscal Year 2018-2019 Vacancy Report <br />19C-3 <br />