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Proposed Fiscal Year 2023-24 City Budget, Changes to the City’s basic classification and <br />compensation plan, Uniform Schedule of Miscellaneous Fees, and the Seven-Year <br />Capital Improvement Program. <br />June 6, 2023 <br />Page 4 <br />3 <br />5 <br />0 <br />3 <br />The Ten-Year Outlook indicates the General Fund may have a balanced budget until <br />FY29-30, after Measure X decreases to 1%. By FY29-30, we expect to have an annual <br />budget deficit of approximately $24 million. <br />Charter Requirement for Public Recreation Program Spending <br />Santa Ana Charter Section 607 requires the City Council to adopt a budget to “provide <br />for the support of public recreation programs at least the equivalent of six cents (6) on <br />each one hundred dollars ($100) of the assessed value of taxable property in the City on <br />the legal assessment date for the previous fiscal year.” The net taxable value of property <br />in the City for FY22-23 was $32,383,358,705. When applying the calculation required by <br />the Charter, the required budget for public recreation programs is $19,430,015. The <br />proposed General Fund budget includes $15,206,990 for the Parks, Recreation & <br />Community Services Agency, $17,781,760 for maintenance of Parks and Facilities, and <br />appropriations of $3,207,410 for Youth Services funded by Cannabis tax revenue. The <br />proposed budget exceeds the requirement by 86%.