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Fiscal Year 2024-25 Budget Work Study Session <br />May 16, 2024 <br />Page 2 <br />4 <br />2 <br />9 <br />6 <br />Miscellaneous Fees Benchmarking <br />As requested by the City Council, staff has compiled a sampling of comparative <br />Miscellaneous Fees with other cities (Exhibit 1). In addition, the Parks, Recreation, and <br />Community Services Agency has been studying their fees and how they compare to <br />other cities and may return to City Council with recommendations at a later date. In the <br />meantime, Staff proposes no increase for Parks, Recreation, and Community Service <br />Fees and an increase of 4.66% for all other FY 2024-25 Miscellaneous Fees. <br />General Fund Reconciliation <br />The General Fund reconciliation (Exhibit 2) accounts for all changes from the adjusted <br />FY 2023-24 General Fund budget to the proposed FY 2024-25 General Fund budget. <br />The reconciliation includes a detailed listing of all proposed additions, both recurring <br />and one-time amounts. <br />¹Staff is recommending a one-time adjustment to close out the Stores Internal Service Fund at the June 4, 2024 City Council Meeting <br />as part of the Third Quarter Budget Update. <br />Proposed Measure X Spending Plan <br />The proposed spending plan (Exhibit 3) includes recommended spending categorized <br />by ballot category and department. The estimated Measure X revenue for FY 2024-25 <br />is $85,632,610. The proposed spending plan of $85,798,655 exceeds the revenue <br />estimate in case actual revenue is higher. The revenue and expenditures are General <br />Fund money, and any expenditures in excess of Measure X revenue will be paid by <br />other General Fund revenue. <br />Total Recurri ng Re ve nues 406,527,340 <br />Total FY2024-25 Spe ndi ng Base li ne (Re curri ng)(401,854,110) <br />Propose d Additions for Re curri ng Spe nding (4,420,840) <br />Esti mate d Avail abl e (Re curring)252,390 <br />Esti mate d Ending Bal ance as of June 30, 2024, not i ncludi ng <br />Pensi on De bt Stabil izati on 86,799,113 <br />Thi rd Quarte r Budget Update ¹(850,000) <br />Less 18% Rese rve (73,174,921) <br />Propose d One -Ti me Spendi ng (12,762,760) <br />Esti mate d Spe ndabl e Bal ance at June 30, 2025 (One -Ti me )11,432 <br />Proposed FY24-25 G e ne ral Fund Summary