The URL can be used to link to this page

Home My WebLink AboutPowerPoint Presentation 19C FY AGENDA ITEM #19C First Quarter Update20 -2019FY &ResultsEnd -YearPreliminary General Fund 19 -2018 TOPICS TO DISCUSS 2 Vacancy ReportQuarter ExpendituresGeneral Fund First 20 -FY 2019General Fund First Quarter Revenue20 -FY 2019Budget SummaryGeneral Fund 20 -2019FY Adopted Other Funds to HighlightEnd Results-19 General Fund Preliminary Year-FY 2018 3 100.0%$ 180,351,613 $ 180,299,701 (69% of total GF Revenue)Subtotal Major GF Revenues 101.2%9,414,661 9,300,000 Hotel Visitors Tax 102.5%13,115,518 12,800,000 Business License 98.1%22,655,737 23,100,000 TaxUtility Users’100.8%32,897,695 32,643,085 Lieu of VLF-Property Tax In 103.1%37,309,791 36,176,616 Property Tax 90.9%13,636,350 15,000,000 )Sales Tax (Measure X 100.1%$ 51,321,860 $ 51,280,000 Sales Tax% ReceivedActuals19-FY 18Amended Budget19-FY 18Revenue Source End Results-Preliminary YearGeneral Fund19 -2018FY Major General Fund Revenues 4 102.4%$ 269,145,019 $ 262,947,282 Total Revenues 110.2%61,548,559 55,856,881 (21% of total GF Revenue)**Other GF Revenues 100.0%180,351,613 180,299,701 (69% of total GF Revenue)Top Six GF Revenues 101.7%$ 27,244,847 $ 26,790,700 (10% of total GF Revenue)Subtotal Other Key Revenues 107.2%3,342,436 3,116,950 *Plan Checks 1,084,157 1,500,000 Medical Marijuana Tax 128.7%7,076,693 5,500,000 Use Retail Cannabis-Adult 218,345 625,000 CannabisCommercial $ 15,523,216 $ 16,048,750 Jail Revenue% ReceivedActuals19 -FY 18Amended19 -FY 18Revenue Source End Results-Preliminary YearGeneral Fund19 -2018FY **Includes Southern California Edison Rebate ($1.1M)) ($207K), & Mechanical ($119.5K), Plumbing ($256K), Electrical ($2.5MIncludes Building * 5 End Results-Preliminary YearGeneral Fund19 -2018FY FY 18-19FY 18-19Variance Revenue Source Amended BudgetActualsActuals vs. Budget $ 51,280,000 $ 51,321,860 $ 41,860 Sales Tax 15,000,000 13,636,350 (1,363,650) Sales Tax (Measure X) 36,176,616 37,309,791 1,133,175 Property Tax 32,643,085 32,897,695 254,610 Property Tax In-Lieu of VLF 23,100,000 22,655,737 (444,263) Utility Users' Tax 12,800,000 13,115,518 315,518 Business License 9,300,000 9,414,661 114,661 Hotel Visitors Tax Subtotal Major GF Revenues $ 180,299,701 $ 180,351,613 $ 51,912 (69% of total GF Revenue) 82,647,581 88,793,406 6,145,825 Other General Fund Revenues Total Revenues $262,947,282 $ 269,145,019 $ 6,197,737 Less Appropriations Approved by City Council: July 16th - Recognized Deposit Revenue (399,000) Sept. 17th - Preliminary Revenue Results (4,000,000) October 1st - Southern California Edison Rebate (1,167,684) Anticipated Excess Revenue$ 631,053 6 End Results-Preliminary YearGeneral Fund19 -2018FY FY 18-19 FY 18-19(Over)/Under DepartmentYE Projection Amended BudgetBudget Projection (as of Oct 30) $ 2,536,336 $ 2,536,336 $ 0 City Manager's Office 451,615 448,941 2,674 Legislative 4,782,655 4,782,655 0 Non-Departmental 12,306,584 11,908,487 398,097 Transfers 1,399,242 1,306,248 92,994 Clerk of the Council 3,483,373 3,312,444 170,929 City Attorney's Office 1,769,412 1,699,480 69,932 Human Resources 6,024,227 5,991,155 33,073 Finance 1,476,130 1,472,784 3,346 Bowers Museum 21,358,360 20,626,643 731,717 Park, Recreation, & Library 132,099,795 132,069,752 30,043 Police Department 52,129,291 51,870,917 258,374 Fire Department 12,753,957 11,915,890 838,067 Planning & Building 10,232,494 9,971,933 260,561 Public Works 1,582,766 1,353,596 229,170 Community Development Total: $ 264,386,238 $ 261,267,259 $ 3,118,979 Less Carry Forwards approved by City Council on Sept. 17th (1,126,400) Anticipated FY 18-19 Expense Savings$ 1,992,579 Other Funds 7 Highlightto 8 minus Current LiabilitiesNote: For purpose of this discussion Spendable Fund Balance = Current Assets 20 Estimated Fund Balance $409,775-FY 19 20 Adopted-FY 2019Preliminary-19-FY 2018 Other Funds to Highlight AMES FundAMES Fund Beginning Spendable Fund BalanceBeginning Spendable Fund Balance$ $ 1,716,567 2,224,895 FY 18-19 RevenuesFY 19-20 Budgeted Revenues$ $ 858,995 600,000 Less: FY 18-19 ExpendituresLess: FY 19-20 Budgeted Expenditures$ $ 2,415,120 350,667 FY 18-19 YE Estimated Fund BalanceFY 19-20 Estimated Fund Balance$ $ 2,224,895 409,775 9 Other Funds to Highlight minus Current LiabilitiesNote: For purpose of this discussion Spendable Fund Balance = Current Assets 20 Adopted-FY 2019Preliminary-19-FY 201820 Adopted-FY 2019Preliminary-19-FY 2018 Gas Tax Fund Gas Tax Fund Water Fund Water Fund Beginning Spendable Fund BalanceBeginning Spendable Fund BalanceBeginning Spendable Fund BalanceBeginning Spendable Fund Balance$ $ $ $ 33,210,08214,507,70 5 40,141,39320,913,554 FY 19-20 Budgeted RevenuesFY 19-20 Budgeted RevenuesFY 18-19 RevenuesFY 18-19 Revenues$ $ $ $ 57,906,75113,879,580 56,110,10014,421,080 Less: FY 19-20 Budgeted ExpendituresLess: FY 19-20 Budgeted ExpendituresLess: FY 18-19 ExpendituresLess: FY 18-19 Expenditures$ $ $ 50,975,440 59,265,48014,639,060 7,473,731 FY 19-20 Estimated Fund BalanceFY 19-20 Estimated Fund BalanceFY 18-19 YE Estimated Fund BalanceFY 18-19 YE Estimated Fund Balance$ $ $ $ 40,141,39320,913,554 36,986,01320,695,574 10 Other Funds to Highlight minus Current LiabilitiesNote: For purpose of this discussion Spendable Fund Balance = Current Assets 20 Adopted-FY 2019Preliminary-19-FY 201820 Adopted-FY 2019Preliminary-19-FY 2018 SA Regional Transportation Center Fund SA Regional Transportation Center Fund Parking Fund Parking Fund Beginning Spendable Fund BalanceBeginning Spendable Fund BalanceBeginning Spendable Fund BalanceBeginning Spendable Fund Balance$ $ $ 3,536,544 1,136,109(873,892) FY 19-20 Budgeted RevenuesFY 19-20 Budgeted RevenuesFY 18-19 RevenuesFY 18-19 Revenues$ $ $ $ 4,102,631 4,346,070 398,156 767,600 Less: FY 19-20 Budgeted ExpendituresLess: FY 19-20 Budgeted ExpendituresLess: FY 18-19 ExpendituresLess: FY 18-19 Expenditures$ $ $ $ 6,503,0661,417,170 6,527,7201,849,020 FY 19-20 Estimated Fund BalanceFY 19-20 Estimated Fund BalanceFY 18-19 YE Estimated Fund BalanceFY 18-19 YE Estimated Fund Balance$ $ $ $ (1,892,906) (1,045,541) (2,974,326)1,136,109 11 Other Funds to Highlight minus Current LiabilitiesNote: For purpose of this discussion Spendable Fund Balance = Current Assets Pending results of cost allocation study *20 Adopted-FY 201920 Adopted-FY 2019Preliminary-19-FY 2018Preliminary-19-FY 2018 Workers Comp. FundWorkers Comp. Fund Liability FundLiability Fund Beginning Spendable Fund Balance Beginning Spendable Fund BalanceBeginning Spendable Fund Balance Beginning Spendable Fund Balance$ $ 13,648,467 11,516,897 9,207,602 6,636,914 FY 18-19 Revenues FY 18-19 RevenuesFY 19-20 Budgeted Revenues FY 19-20 Budgeted Revenues$ $ $ $ 9,240,503 8,000,092 8,898,910 9,534,050 Less: FY 18-19 Expenditures Less: FY 18-19 ExpendituresLess: FY 19-20 Budgeted Expenditures Less: FY 19-20 Budgeted Expenditures*$ $ $ 11,372,073 10,570,780 16,818,620 9,481,420 FY 18-19 YE Estimated Fund Balance FY 18-19 YE Estimated Fund BalanceFY 19-20 Estimated Fund Balance FY 19-20 Estimated Fund Balance$ $ $ 11,516,897 6,636,914 3,597,187 6,689,544 FY 2019 12 Budget Overview20 - Adopted FY †Rounded to the nearest thousand 13 General Fund Revenue: $316.7M20-2019 Adopted FY 14 General Fund Expenditure: $316.1M20-2019 Adopted FY 15 Budget: $646.2MCitywide 20-2019 16 recruitment efforts Police Department budget enhanced with technology and more aggressive •the Universal Legal Defense and Rental AssistanceCenter as well as for plan for and begin to establish a Justice funding to Allocated •Homeless Cleanup funding for contracts and vehicles•Added Police Department staff to allow officers more time in the field•OfficersCode Enforcement four new Added •Quality of Life Team)(including positions for 22 positions –Public Works Agency •two additional Librarians)and Library Director positions (including 15 –Parks, Recreation, Community Services/Library •services, including:time employees to provide -62 Additional full•Public Benefit Fund with $6.2 million budgetEstablished the Cannabis •replacement Increased Park Maintenance by $2.6 million, including City parks, facilities & tree •20 Budget Highlights-2019FY 17 Developed a homeless strategic plan that includes a four step action plan•recruitingdevelop a Police dashboard, and aggressively advertise for police resources to improve crime statistics communication, 20 -FY 2019proposed Use •Identified resources to provide $2.5 million of additional pavement repair •Soft launch of the new and improved City mobile application•programs and expanded hoursart -the-of-alone agency to provide state-Establish Library Department as a stand•City Council added $1.0 million for the set aside–September 17 , etc.) bookmobileinternship program, Catalina youth program, youth aside for Youth Services (e.g. Teen Space, tutoring for all school aged youth, -setWork with the Youth Commission to help program $3.1 million of Cannabis revenue •20 Initiatives-Other FY 2019 FY 2019 18 Quarter Results ST 120 - 19$316,678,040 Total Revenues 88,654,440 (28% of total GF Revenue)Other General Fund Revenues 20-16 thru FY 2019-Year Trend FY 2015-*5 Major Revenue TrendsFund 20 General -FY 2019 FY 18-19FY 19-20 Revenue Source 5 Year Trend* ActualsAdopted Budget $ 51,321,860 $ 51,509,900 Sales Tax 13,636,350 60,000,000 Sales Tax (Measure X)N/A 70,207,486 71,513,700 Property Tax/Property Tax In-Lieu of VLF 22,655,737 22,500,000 Utility Users' Tax 13,115,518 13,000,000 Business License 9,414,661 9,500,000 Hotel Visitors Tax Subtotal Major GF Revenues $180,351,613 $228,023,600 (72% of total GF Revenue) 20 Major General Fund Revenues Lieu of VLF received in January & May-**Property Tax InJune 2019–*Includes $1.2M Attributable to April ResultsQuarter st 120 General Fund -FY 2019 FY 19-20 FY 19-20 % Revenue Source st Received Adopted Budget 1 Quarter Actuals 51,509,900 4,190,813 8.1% Sales Tax 60,000,000 5,598,021 9.3% Sales Tax (Measure X)* 37,346,100 649,011 1.7% Property Tax 34,167,600 - 0.0% Property Tax In-Lieu of VLF** 22,500,000 4,087,222 18.2% Utility Users' Tax 13,000,000 832,630 6.4% Business License 9,500,000 2,043,836 21.5% Hotel Visitors Tax 228,023,600 17,401,532 7.6% Subtotal Major GF Revenues 88,654,440 10,451,074 11.8% Other General Fund Revenues 316,678,040 27,852,606 8.8% Total Revenues 21 8.8%$ 27,852,606 $ 316,678,040 Total Revenues 12.5%7,424,314 59,173,040 Other General Fund Revenues7.6%17,401,532 228,023,600 Major GF Revenues 10.3%$ 3,026,760 $ 29,481,400 (11% of Total GF Budget)Subtotal Other Key Revenues 10.4%367,758 3,524,700 Plan Checks**4.3%68,840 1,600,000 Medical Marijuana Tax16.8%1,302,412 7,750,000 Use Retail Cannabis-Adult5.1%76,134 1,480,000 Commercial Cannabis*8.0%$ 1,211,616 $ 15,126,700 Jail Revenue 1st Quarter Actuals Adopted Budget% Received20-FY 1920 -FY 19Other GF Revenue Quarter Results st 120 General Fund-2019FY **Includes Building (2.7M), Electrical (355K), Plumbing (282.9K), & Mechanical (186K) (330K) & Testing (240K) Manufacturing (110K), Distribution (800K), *Includes Cultivation Revenue 3-Year Average Cumulative Quarter 1 10% Quarter 2 34% Quarter 3 62% Quarter 4 100% 22 studyestimated Internal Charges, pending cost allocation *Includes 23%$ 73,281,603 $ 316,127,680 TOTAL GENERAL FUND 9%318,070 3,353,520 Community Development Agency 20%2,573,587 13,155,830 Public Works Agency 18%2,444,055 13,227,380 Planning & Building Agency 33%(includes 1 mo. advanced payment)15,038,28545,640,920 Fire Department 22%29,469,459 131,568,820 Police Department 18%3,796,556 21,421,910 Parks and Recreation Services Agency 25%364,157 1,473,430 Bowers Museum 21%1,120,264 5,414,880 Library 20%1,945,678 9,671,190 Finance & Management Services 15%382,227 2,490,360 Human Resources 19%616,999 3,219,780 City Attorney's Office 12%194,853 1,682,560 Clerk of the Council 26%5,040,445 19,161,780 Transfers 23%9,529,943 41,936,880 Departmental -Non 19%93,695 502,170 Legislative 16%$ 353,328 $ 2,206,270 City Manager Expended % Actuals Qtr. 1st 20-FY 19Budget 20-FY 19Department Quarter Expenditure st 1General Fund Expenditures 3-Year Average Cumulative Quarter 1 24% Quarter 2 49% Quarter 3 74% Quarter 4 100% 23 181811001178 68608224Public Works Agency61526Library130136240040598Police Department1821672Planning Building32127Human Resources1010024Information Technology123968Finance & Management Services43147Community Development0005Clerk of the Council30315City Attorney's Office40410City Manager's Office VacanciesFunded Total Vacancies-VacanciesGF PositionsFunded20-FY 19Department Vacancy Report st 1General Fund 20 -FY 2019 THANK YOU!24