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Item 24 - Fiscal Year 2021-22 Budget Workshop Session
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Item 24 - Fiscal Year 2021-22 Budget Workshop Session
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8/21/2023 4:53:34 PM
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Agenda Packet
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Clerk of the Council
Item #
24
Date
5/18/2021
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Fiscal Year 2021-22 Budget Workshop Session <br />May 18, 2021 <br />Page 2 <br />1 <br />7 <br />3 <br />0 <br />2022 would grow to $61,369,956 (18% of $340,944,200). The American Rescue Plan <br />Act allows cities to replenish lost revenues, and staff plans to recommend using a portion <br />of the City’s federal allocation for this purpose. <br />DISCUSSION <br />Detailed draft/proposed FY21-22 documents attached to this staff report include the City <br />budget for all funds (Exhibit 1), Workforce Changes (Exhibit 2), Capital Improvement Plan <br />(Exhibit 3), and proposed changes to Miscellaneous Fees (Exhibit 4). <br />The Public Opinion Survey closes on May 16 and the May 18 presentation will include <br />results. <br />Revive Santa Ana Spending Plan <br />On May 10, the U.S. Department of Treasury (“Treasury”) issued the Interim Final Rule <br />for the American Rescue Plan Act (ARPA) stimulus package. The City’s final allocation <br />was $128,360,813 (previously reported estimate of $142,974,013). The first 50% <br />allocation is $64.2 million. <br />The City also expects to receive the following housing allocations totaling $21,497,795 <br />from ARPA. <br />Emergency Rental Assistance (ERAP) program $14,026,593 <br />HOME program for homeless $6,183,914 <br />Housing vouchers $1,287,288 <br />Therefore, we expect total federal funding for Revive Santa Ana to be $149,858,608. <br />Treasury is currently answering clarifying questions regarding the Interim Final Rule. <br />Therefore, it is too soon to include an appropriation for the first ARPA allocation with the <br />FY21-22 Budget Ordinance. Staff expects to propose a budget adjustment to appropriate <br />the initial spending plan after further clarification from Treasury and additional direction <br />from City Council. The spending plan will continue to evolve as priorities evolve, and the <br />City receives updated guidance from Treasury. <br />FY21-22 Changes to General Fund Budget <br />The Draft Budget at Exhibit 1 includes a full reconciliation of the changes to the General <br />Fund budget, from the current fiscal year to the next. Notable changes follow. <br />Revenue: <br />Staff expects the following revenue increases: <br />o Bradley-Burns Sales Tax increase of $4.45 million or 9%. <br />o Measure X Sales Tax increase of $3.57 million or 5.8%. <br />o Cannabis Tax increase of $1.6 million or 8.4%. <br />o Property Tax increase of $2.5 million or 3.2%. Although the statewide <br />property assessment increase is 1.036%, the City’s property tax revenue
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