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FY 2023-24 Third Quarter Budget Report and Proposed Appropriation Adjustments
<br />June 4, 2024
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<br />General Fund Expenditures
<br />As of March 31, 2024, General Fund expenditures are at 62.2% of budget. Due to an
<br />overall reduction in revenue projections as noted above, staff recommends the following
<br />adjustments to rebalance the General Fund budget.
<br />•The FY 2023-24 budget included $1 million for the November 2023 recall
<br />election. The recall election costs were $617,800 less than anticipated. Staff
<br />recommends an appropriation adjustment accordingly.
<br />•The Resident Vehicle Incentive Program expired on March 31, 2024. Staff
<br />recommends an appropriation reduction of $880,000 to adjust the budget to
<br />actual disbursements.
<br />•The Orange County Fire Authority (OCFA) budget for fire services was prepared
<br />with an estimated contract increase of 4.50%. The City subsequently was notified
<br />of the final contract rate of 3.99%. Therefore, staff recommends an appropriation
<br />adjustment to reduce the OCFA budget by $250,000 to re-align it with the actual
<br />contract rate increase for FY 2023-24.
<br />•The FY 2023-24 budget included a transfer of $1,182,400 to the Civic Center
<br />fund for our required contribution to the Civic Center Authority for maintenance.
<br />Staff recommends an appropriation adjustment to reduce this by $582,400 to
<br />align it with the required contribution of $600,000 for FY 23-24.
<br />De partme nt
<br />FY23-24 M id-Ye ar
<br />Update ¹
<br />Spe nding as of
<br />3/31/2024
<br />%
<br />Expe nde d
<br />City Attorney 4,470,880 2,321,667 51.9%
<br />City Clerk 2,411,150 1,173,479 48.7%
<br />City Council 1,048,470 577,292 55.1%
<br />City Manager 3,637,880 2,503,274 68.8%
<br />Community Developm ent 10,088,776 3,640,422 36.1%
<br />Finance & Mgm t Services 12,842,132 8,567,013 66.7%
<br />Fire & Emergency Medic al Svc s²48,566,904 34,591,972 71.2%
<br />General Non-Departm ental 51,699,579 27,880,078 53.9%
<br />Human Res ources 4,490,140 2,923,122 65.1%
<br />Inter-Fund Transfers 33,994,854 25,138,232 73.9%
<br />Library 13,040,751 5,091,209 39.0%
<br />Museum Funding 1,674,210 1,259,457 75.2%
<br />Parks , Recreation & Comm Svcs 29,403,747 11,630,037 39.6%
<br />Planning & Building 23,029,319 13,254,999 57.6%
<br />Police 152,846,595 112,641,037 73.7%
<br />Public W orks 74,956,578 38,142,536 50.9%
<br />T otal Ge ne ral Fund Expe nditure s 468,201,965 291,335,827 62.2%
<br />¹Includes all Appropriation Adjustm ents through M arc h 31, 2024, including Carry Forwards
<br />²Fire & Emergenc y M edical Servic es inc ludes a one-month adv ance
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<br />City Council 13 – 5 6/4/2024
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