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City
City Council Meeting -March l5,2022
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01 Introduction & Overview
02 Park Maintenance
03 City Events
04 Cannabis Public Benefit Fund
Ob Third and Broadway Project
1 . �
06 Miscellaneous Fees
07 Pension Debt Strategy
08 10-Year General Fund Outlook
09 Budget Timeline
2
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• Expect a balanced budget for FY 22-23
• AA Stable credit rating
• Strong General Fund Reserve of 565 million 18% of the annual budget)
• Ten -Year Outlook to plan for the future
• More than $200 million for pandemic related response and stimulus
• Managed spending during the pandemic to maintain a balanced budget
3
• The FY 22-23 proposed budget will include transferring Parks
Maintenance to Public Works effective July 1.
is Consolidating similar functions of two different Cit
will improve efficiency and ensure a uniform level
the community.
y departments
of service to
El
• Summer at the Plaza
• Fourth of July Celebra
• Birch Summer Nights
• Concerts in the Park Series
• Celebrating Hispanic Heritage
Month
tion
• Indigenous People's Day
Celebration
Winter Village and Plaza
Navidena
• Revive Santa Ana 5K Run
• Juneteenth Celebration
• Di'a de los Muertos
FIoes City Council wish to make any changes to this list?
5
Balance as of 7/1/21
Estimated Transfer
Other Revenue
Midyear Reallocation
Available Resources
FY
21-22
Youth Budget
FY
21-22
Enforcement Budget
Youth
91#8491734
615081350
60,0000
715001000
23,918,084
(22,888,149)
Enforcement
613551748
6,508.0350
(71500,000)
5,364,098
(31711,380)
Total Budget (22,888,149) (3,711,380)
Estimated Balance 6/30/22
1,029,935
1,652,718
• Does the City Council wish to see a
proposed spending plan for the $2.7
million available at June 3062
• If the 2/3 set -aside is approximately
$13 million for FY 22-23, what portion
should be budgetedfior youth?
7
City has a development agreement for a boutique
hotel and housing project at 3rd & Broadway
,*The City -owned parking garage will be demolished
—Currently expected to generate revenue of $321,300
• City Funded Improvements: Up to $13 million for
demolition, site prep and Sycamore reconnection
—Developer is obligated to repay this with future parking
revenue
9 Ah
Does the City Council wish to use
available General Fund balance to make
the $13 million contribution,?
(Staff Recommendation)
Or does the City Council wish to pursue
debt financing?
9
Cost -recovery for services provided to individuals
(no public benefit). Includes permits, facility rental
and recreation programs.
• In FY 21-221 the Consumer Price Index (CPI) of 1.67%
was waived by City Council.
• CPI for FY 22-23 is 4.3%and may generate up t:)
$500,1000 of additional revenue.
LLoes City Council wish to increase fees by 4.3% CPI?
Or something less?
10
Pro:P
FY 22-23 PE
$80,000,000
$70,000,000
$ 60,0 00, 000
$50,000,000
$40,000,000
$30,000,C00
$20,C)C0,000
$ 10,C)cx),Cx)o
Pq
i77IZ.1i
Pension Debt Obligations vs. Current Budget
Bond Debt Service Estimated CaIPERS Payments FY21-22 Citywide Budget
Proposed
FY 22-23
budget of
$54.3 Million
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11
LI
Payments for pension debt
Deposit to Pension Stabilization
Total Proposed FY 22=23 Budget
(in millions)
$4469
9e4
$5493
Does City Council approve the proposed strategy?
Or does the City Council wish to make a change?
12
Ten -Year General Fund Outlook - June 2021
N $500
0
5
$460
$420
$375.2 $377.0
$380 $j� wv�6
$353.5 / $376.7
$366.1
$340 $355.8
$340.9
$300
FY21-22 FY22-23 FY23-24 FY24-25
Revenue
$387.4
$387.6
s
$398.0
$410.4
$398.9
FY25-26 FY26-27 FY27-28
Expenditures & Transfers Out
$432.9
$420.7
$407.6
$396.1
$445.5
$419.4
FY 28-29 FY 29-30 FY 29-30
13
$500
wr,t,
$420
$40
$00
Ten -Year General Fund Outlook -Updated Through Midyear
$67.0
$7.4
$ 64.1
$86.
$397.5
r
FY21-22 F - 3 FY23- 4 FY 4- 5
Revenue
$433.1
$420.9
Er
$47.6
J
$443.8
L
L
$46.7
$438.5
i Balance Budget until
i Measure X rate decreases.
Revenue Surplus for next 7 years could be
used for capital improvements or a
budget stabilization fund to prepare for
IMeasure X rate decrease transition.
F - 6 F 6- 7 FY 7- 6 FY 28-29 FY - 0 FY 9- 0
Expenditures & Transfers Out 14
■
■
Community Budget Meetings:
• March 24 — Com-Link Meeting @ 7 pm
• April 11— Newhope Library @ 6 pm
• April 18 —Pentecostal Church of God @ 6 pm
• April 20 —Delhi Community Center @ 6 pm
• April 26 —Virtual Meeting @ 6 pm
City Council Workshops:
• May 3 and May 17 —City Council Meeting
• May 12 and May 16 (Tentative) —Special City Council
Meeting*
*In addition to or in -lieu of May 3 and May 17
City Council Meeting:
• June 7 —Public Hearing (1st Reading)
• June 21—Public Hearing (Ist Reading)
15
mi
FY2021-22 General Fund Budget
Where the Money Goes
or
OF
Revenue
You are balanced,.
Spending
Your Ideas: $59.2m
PublicSafety: $192.7m
Transfers & DebtService: 4_8m
Development Services: $31.2m
CommunityServices: $34.5m
Administration: 1 _ m
Total $364, 102,209
Launch
Date in
March
2022
C:)uestic
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