HomeMy WebLinkAboutPRESENTATION - #38City Council Meeting
December 21, 2021
Fiscal Year
2021-2022
First Quarter
Budget Update
1
AGENDA
First Quarter General Fund Revenues
First Quarter General Fund Expenditures
Vacancy Report as of September 30, 2021
2
General Fund Performance
General Fund Performance
FY20 -21 Sales Tax and Business Tax performed better than anticipated
•Parks and Libraries were not at full service
•Staff vacancies remained vacant
•Pandemic priorities funded by CARES supplanted regular operations
•Departments were more careful and controlled spending during pandemic uncertainty
FY20-21 Expenditure Savings during the Pandemic
The updated Sales Tax estimate for FY21 -22 means the City does not
need to use General Fund balance for the FY21 -22 operating budget
Final Result: The FY 21 -22 budget is balanced, and the General Fund
has $42 million available for one -time spending
3
General Fund General Fund
General Fund One -Time Availability
4
FY 2020 -21
Carryforward to FY 2021-22 4,042,487
Operating Reserve 18%63,083,968
Available for One-Time Spending 42,289,528
Total Fund Balance 6/30/2021 $109,415,983
FY 2021-22
Available for One -Time Spending
One-Time Proposed Appropriations
Net Increase to Operating Reserve
(24,655,000)
$16,364,140Total Est. Available One -Time Funding
(1,270,388)
1st Quarter General Fund Revenues
5
1st Quarter
Other Key General Fund Revenues
6
Bradley BurnsFY 2020 -21
Amended Budget
Act u a ls
Positive Variance
Sales Tax
Bradley BurnsFY 2021-22
Adopted Budget
Updated Estimate
Increase
$53,650,000
$49,198,300
54,999,505
57,600,000
$3,950,000
$5,801,205
7
Measure X
Measure X
$65,000,000
$61,432,700
75,094,336
77,250,000
$12,250,000
$13,661,636
8
1st Quarter General Fund Expenditures
9
FY 21-22
Adopted Budget
City Manager 2,774,200 555,222 20.0%
City Council 569,280 107,740 18.9%
Non-Departmental 49,206,780 8,222,586 16.7%
Transfers to Projects and Debt Service 24,173,510 5,101,901 21.1%
Clerk of the Council 1,470,790 296,272 20.1%
City Attorney's Office 2,955,140 628,003 21.3%
Human Resources 3,455,190 820,179 23.7%
Finance & Management Services 10,416,490 2,078,650 20.0%
Library 5,864,340 1,223,188 20.9%
City Owned Museum Building 1,474,030 364,157 24.7%
Parks and Recreation Services Agency 23,289,740 4,618,057 19.8%
Police Department 141,082,500 33,368,870 23.7%
Fire Department*51,618,690 16,558,701 32.1%
Planning & Building Agency 15,535,280 2,710,431 17.4%
Public Works Agency 15,711,070 2,881,665 18.3%
Community Development 3,898,130 491,905 12.6%
TOTAL GENERAL FUND $ 353,495,160 $ 80,027,526 22.6%
*Includes one month advanced payment
Department FY 21-22
1st Quarter % Expended
Vacancy Report as of September 30
10
Questions?
11
Additional Priorities to Consider
•Street lights
•Bristol widening
•Sidewalk improvements
•Additional library location
•Homeless shelter contribution
Infrastructure
12
•Contribution to enhanced dog park
•Pocket parks
•Machander Tennis Center lighting
•Memorial Community Center renovation
Parks & Open Space
•Contribution to Section 115 Trust to mitigate future pension cost spikes
•Payoff debt early to achieve interest savings
Fiscal Sustainability