19D - 2018-19 FISCAL RPT - Laserfiche WebLink

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CITY OF SANTAANA NOTES TO SCHEDULE OF MEASURE X REVENUES AND USES/EXPENDITURES For the year ended June 30, 2019 1. REVENUES AND USES/EXPENDITURES: Measure X revenues consist of the 1.5 cent transactions and use (i.e. "sales") tax approved by the voters of Santa Ana on November 6, 2018. Measure X became effective April 1, 2019, which provided three months of revenue in Fiscal Year 2018/19 in the amount of approximately $15.2 million. Measure X is a general-purpose tax, which means the revenues received from the tax go into the City's General Fund to maintain or enhance any lawful City program, improvement or service such as 9-1-1 response; retaining firefighters and police officers; addressing homelessness; fixing streets; maintaining parks; youth and senior services; and unrestricted general revenue purposes. Without Measure X, the General Fund's budgeted operating deficit for Fiscal Year 2018/19 would have been $10.2 million as identified in the City's original budget for Fiscal Year 2018/19. In addition, due to Measure X, the General Fund did not implement planned labor savings of $1.5 million as identified in the City's original budget for Fiscal Year 2018/19 resulting in total uses of $11.7 million for unrestricted revenue purposes. Also, Measure X was utilized to retain police officers by increasing their compensation. The uses/expenditures are higher than revenue reported for the period, which is supplemented by other sources of General Fund revenue. 19D-38