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Item 40 - Public Hearing Fiscal Year 2024-25 Budget
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Item 40 - Public Hearing Fiscal Year 2024-25 Budget
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5/30/2024 4:29:51 PM
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5/30/2024 3:19:52 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
40
Date
6/4/2024
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General Fund Expenditures <br />Spending <br />FY23-24 Original Adopted Budget, inlcuding Section 115 Trust Contributions 430,556,570 <br />Remove One -Time Items (29,439,332) <br />City Council approved adjustments to recurring costs during FY23-24 (899,500) <br />FY24-25 Adjusted Baseline 400,217,738 <br />Annualize partial year Allocations approved during FY23-24 <br />332,830 <br />Employee Compensation Increase (MOU, step increases, etc.) <br />7,740,307 <br />Cannabis Public Benefit Transfer related to revenue decrease <br />(918,020) <br />Overhead/Internal Service Charge Increases <br />Building Maintenance <br />466,530 <br />City Equipment & Replacement Charges <br />680,140 <br />Accident Repair & Replacement <br />275,380 <br />IT Maintenance & Specific Charges <br />420,230 <br />Insurance Charges <br />947,630 <br />Public Works Administrative Charges <br />107,910 <br />City Yard Rental <br />17,520 <br />Orange County Fire Authority Contract Increase <br />1,954,400 <br />CARE Ambulance Increase <br />587,240 <br />Police Building Payoff <br />(9,039,920) <br />Sunset of VIP Program <br />(1,700,000) <br />Decrease City Events budget (Winter Village) <br />(240,000) <br />Other contract increases/decreases & minor changes across all departments <br />(206,325) <br />FY23-24 Baseline (Recurring) <br />401,643,590 <br />
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