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HomeMy WebLinkAboutItem 10 - Fiscal Year 2024-25 Third Quarter Budget Report and Proposed Appropriation Adjustments Finance and Management Services www.santa-ana.org/finance Item # 10 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report June 3, 2025 TOPIC: FY2024-25 Third Quarter Budget Report and Proposed Appropriation Adjustments AGENDA TITLE Fiscal Year 2024-25 Third Quarter Budget Report and Proposed Appropriation Adjustments RECOMMENDED ACTION 1. Receive and file the Fiscal Year 2024-25 Third Quarter Budget Update. 2. Approve the recommended appropriation adjustments. (Requires five affirmative votes) GOVERNMENT CODE §84308 APPLIES: No DISCUSSION The FY2024-25 Third Quarter Budget Update provides a General Fund snapshot at the 75% mark of the fiscal year. This report includes updates to revenue estimates, recommended appropriation adjustments, summary information, and a full-time staff vacancy report as of March 31, 2025. Other than the funds noted below in the Restricted Fund Adjustments section, there is nothing significant to report for other City funds. General Fund Summary FY2024-25 Third Quarter Budget Update & Proposed Appropriation Adjustment June 3, 2025 Page 2 5 0 8 4 Details on the updated revenue estimates and recommended expenditure reductions are provided in the following sections. The revised recurring revenue estimates lowered the required 18% reserve, which is calculated only on recurring revenues, by $129,600. Based on the net changes in revenues and expenditures, along with the revised reserve requirement, the estimated spendable fund balance as of June 30, 2025 increased by a net amount of $199,070. The new estimated spendable fund balance is now $13.9 million. The materials provided for the May 20 Budget Work Session indicated an estimated ending spendable balance of $1.4 million. This balance reflects proposed FY 2025-26 one-time allocations, including $10.4 million for various projects and other one-time uses, and an additional $1 million deposit to the Section 115 Pension Trust. In addition, the City’s General Fund Reserve Policy requires maintaining a reserve equal to 18% of annual recurring revenues. With the projected increase in recurring revenues for FY 2025-26, approximately $1.1 million of the available balance as of June 30, 2025 was shifted to the reserve, reducing the remaining amount available for allocation. After accounting for these proposed uses, the ending estimated spendable balance is $1.4 million. Overall, after accounting for the adjustments to both revenues and spending, the General Fund remains balanced, with recurring revenues exceeding recurring expenditures by $14,711. General Fund Revenues A summary of General Fund revenues follows. FY2024-25 Third Quarter Budget Update & Proposed Appropriation Adjustment June 3, 2025 Page 3 5 0 8 4 Through March 31, 2025, the City received approximately $249.2 million in General Fund revenues, representing 60.8% of the annual budgeted estimates. Because revenues for FY 2024–25 will continue to be accrued through the end of August, this collection rate is consistent with expectations and is on track to meet revenue estimates. As noted in the Mid-Year Budget Update presented to City Council on March 4, 2025, staff previously made certain adjustments to revenue estimates. For this Third Quarter Budget Update, staff has completed a further review of revenues based on nine months of actual collections and is recommending several additional adjustments to better align with year-end estimates. Notable updates are summarized below. Jail Revenues The City's jail revenue continues to decline due to staffing challenges and deferred maintenance, which have limited the jail's ability to operate at full capacity. Based on nine months of billing and activity, staff decreased the jail revenue estimate by $3,820,000, resulting in a revised budget total of $10,330,000. To address these challenges, staff has implemented several improvements, including adding an additional jail maintenance worker and securing funding to address deferred maintenance needs. As part of the upcoming FY 2025-26 budget process, staff is also proposing pay adjustments for Correctional Officers to improve recruitment and retention, as well as funding for a Pay-to-Stay program designed to generate additional revenue. Both staffing and facility improvements will be necessary to improve jail capacity and support future revenue recovery. Planning and Building Charges and Fees Based on nine months of activity through March 31, 2025, staff decreased the plan check and permit revenue estimate by $3,200,000, resulting in a revised budget total of $8,191,000. Plan check revenues are generated during the review of development plans to ensure compliance with building codes, zoning regulations, and other applicable standards. Once plans are approved, building permits are issued, generating additional permit fee revenue. Both plan check and permit activities are sensitive to development trends and broader economic conditions. The adjustment reflects a continued slowdown in development activity, as higher interest rates have led many developers to delay or pause new projects. According to the National Association of Home Builders, elevated borrowing costs remain a major factor slowing construction nationwide. This trend is expected to continue into Fiscal Year 2025-26 and staff will incorporate updated projections into the upcoming budget process. FY2024-25 Third Quarter Budget Update & Proposed Appropriation Adjustment June 3, 2025 Page 4 5 0 8 4 Paramedic Service Charge The Public Provider Ground Emergency Medical Transportation (PP-GEMT) program provides supplemental federal reimbursement to public agencies for the cost of emergency medical transports for Medi-Cal patients. To further support agencies, a new federal program increasing reimbursement rates took effect on January 1, 2023, resulting in higher collections than originally estimated. Based on year-to-date activity, staff increased the Paramedic Services Charge revenue estimate by $3,500,000, resulting in a revised budget total of $15,100,000. Investment Earnings Initial estimates assumed that American Rescue Plan Act (ARPA) funding balances would significantly decrease by the December 2024 obligation deadline. However, because major projects take time to complete, such as the Main Library renovation, Memorial Park improvements, and others, project balances have remained higher than anticipated. Combined with continued elevated interest rates, the City has experienced higher investment earnings than originally projected. Accordingly, staff has updated the investment earnings estimate by $1 million, resulting in a revised total of $3,150,000. Business License Tax Business Tax revenues continue to exceed original estimates, supported by ongoing compliance efforts led by Treasury Services staff. Based on continued strong performance through the third quarter, staff recommends increasing the revenue estimate by an additional $560,000. This brings the revised total for FY 2024-25 to $18,010,000. Refuse Franchise Fee Update The Refuse Franchise Fee revenue estimate was previously updated during the Mid-Year Report based on available data. Following continued strong collections through March, the estimate has been increased by an additional $740,000, bringing the total to $10,240,000 for FY 2024-25. The increase is primarily driven by higher waste collection rates implemented by the City's hauler. As franchise fees are calculated as a percentage of the hauler’s gross receipts, these rate adjustments have resulted in higher revenues to the City. Utility Users Tax – Electric As part of the Mid-Year Budget Report on March 4, 2025, staff adjusted the Utility Users Tax revenue estimate for electric services to reflect higher-than-expected receipts. Based on continued strong collections through the third quarter ending March 31, 2025, staff has adjusted the revenue estimate upward by an additional $500,000. This adjustment accounts for sustained higher electricity rates implemented by Southern California Edison (SCE) and elevated demand. The revised Utility Users Tax – Electric revenue budget for FY 2024-25 is now $18,800,000. FY2024-25 Third Quarter Budget Update & Proposed Appropriation Adjustment June 3, 2025 Page 5 5 0 8 4 City Event Sponsorship The Parks, Recreation, and Community Services Agency has actively pursued sponsorships to help reduce the City’s share of event costs. To support this, staff recommends appropriating $26,750 to the City Events budget, offset by sponsorship revenue received this fiscal year. These funds will help address cost overages often caused by last-minute requests and expanded event scope. General Fund Expenditures A summary of General Fund expenditures follows. As of March 31, 2025, General Fund expenditures are at 61% of budget, which is relatively consistent with the prior year when expenditures were at 62%. In accordance with the City’s Budget and Reserve Policy, the General Fund budget must remain balanced, with recurring expenditures not exceeding recurring revenues. To support this requirement and in response to the lower revenue estimates noted above, staff is recommending one-time expenditure reductions. These reductions reflect a $1,036,000 decrease in the salary budget, achieved through vacancy savings in select departments. FY2024-25 Third Quarter Budget Update & Proposed Appropriation Adjustment June 3, 2025 Page 6 5 0 8 4 Litigation Costs Staff also recommends a one-time adjustment to increase appropriations in the Non- Departmental budget by $300,000 for higher than expected litigation expenses. To account for this trend, the FY 2025-26 Proposed Budget includes a one-time increase in litigation funding. Restricted Fund Adjustments Water Enterprise On June 4, 2024, the City Council approved the sale of Water Revenue Bonds to finance $40 million in high-priority improvements to the City’s water system. These proceeds from the Water Fund support the design, acquisition, and construction of capital improvements. In accordance with governmental fund accounting standards, capital expenditures are recorded in the Acquisition and Construction Fund. A housekeeping adjustment has been made to move $14,745,008 in revenue originally recorded in FY 2023–24 to the current fiscal year. This update ensures the Acquisition and Construction Fund’s Spendable Fund Balance accurately reflects reimbursements scheduled for this year and eliminates the current deficit. A second housekeeping adjustment is also required to increase the transfer from Fund 060, the Water Revenue Fund, to Fund 066, the Acquisition and Construction Fund, by $10,666,969 to ensure proper alignment of resources within the Water Enterprise. SoCal Gas Community Investment Fund The City’s Neighborhood Initiatives and Environmental Services (NIES) section of the Planning Division is requesting an appropriation adjustment to recognize $50,000 in advanced grant funds from the SoCal Gas Community Investment Fund and appropriate the same amount to Misc Operating Expense. Monies will be used to purchase purchasing air quality monitors, which monitors air quality on city-owned property and some residential properties, depending on eligibility criteria. This Fund is facilitated by the California Community Foundation, for the Air Pollution Monitors and Air Purifiers (APMAP) project. This initiative addresses significant pollution burdens in the city's most disadvantaged communities, identified by CalEnviroScreen 4.0 and California Healthy Places Index as ranking 90% or above in pollution burden. The grant will fund the project's initial phases focusing on: (1) Community empowerment through education (2) Installation of air quality monitors to improve data accessibility for residents. By bridging data gaps and promoting environmental awareness, this project aims to enhance climate resilience and air quality in vulnerable neighborhoods through December 2026. FY2024-25 Third Quarter Budget Update & Proposed Appropriation Adjustment June 3, 2025 Page 7 5 0 8 4 Police Revenue Bonds The Police Department’s Holding Facility Debt Service was paid off in FY2023-24, leaving an immaterial remaining balance. To formally close the Fund, staff is recommending that the remaining cash balance of $53,470 transfers to the General Fund, which provided most of the funding for the debt service payments. There was a remaining balance in the Fund because the City used interest proceeds in the trustee account to supplement the debt service payments. This resulted in the total payments being less than the total amount transferred from the General Fund. RDA: Successor Agency Fund Santa Ana’s Successor Agency finalized the sale of the Third Street and Main Street Parking Lot to the City on April 21, 2025. In accordance with Long Range Property Management Plan approved by the State Department of Finance, the proceeds from this transaction must be remitted to the County of Orange Auditor-Controller for distribution among the various taxing entities. Revenue has been updated to reflect $190,000 from the sale. A corresponding appropriation adjustment of the same amount is requested to authorize payment to the Orange County Auditor-Controller. ENVIRONMENTAL IMPACT There is no environmental impact associated with this action. FISCAL IMPACT The General Fund Fiscal Impact is detailed on page 2 of this report. Exhibit 1 lists the line item changes to revenue estimates and recommended appropriation adjustments. After accounting for all the revenue and expenditure adjustments, the net impact is a $199,070 increase to the General Fund’s estimated Spendable Fund Balance as of June 30, 2025. EXHIBIT(S) 1. Line Item Changes to Revenue Estimates and Recommended Adjustments 2. Third Quarter Vacancy Report Summary Submitted By: Alex Trinidad, Acting Executive Director of Finance and Management Services Agency Approved By: Alvaro Nuñez, City Manager Line Item Changes to Revenue Estimates and Recommended Adjustments Description Account Number Revenue Spending Utility User Tax- Electric 01102002-50031 500,000 Business Licenses 01102002-50045 560,000 Refuse Franchise Fee 01102002-50058 740,000 Earnings on Investments 01102002-58000 1,000,000 Jail Facility Revenue- US Marshals 01114002-57462 (3,000,000) Jail Facility Revenue- US Marshals San Diego 01114002-57463 (820,000) Paramedic Services Charge 01115002-53510 3,500,000 Building Permits 01116002-51601 (925,000) Plumbing Permits 01116002-51602 (377,000) Electrical Permits 01116002-51603 (698,000) Heating Permits 01116002-51604 (625,000) Electrical Plan Check 01116002-53601 (75,000) Plumbing Plan Check 01116002-53602 (75,000) Mechanical Plan Check 01116002-53603 (55,000) EIR Developer Fees 01116002-53607 (50,000) Site Plan Review Charge 01116002-53616 (320,000) Transfer In, Police Revenue Bonds 01102002-59000-400 53,470 City Events Sponsorship Revenue 01113002-53331 26,750 Increased litigation expenses 01105015-62300 300,000 Increase expenditure budget for City events 01113230-62300 26,750 Use of vacancy savings to offset revenue reductions 01114405-61000 (232,348) Use of vacancy savings to offset revenue reductions 01114445-61000 (379,780) Use of vacancy savings to offset revenue reductions 01116500-61000 (126,210) Use of vacancy savings to offset revenue reductions 01116510-61000 (25,412) Use of vacancy savings to offset revenue reductions 01116530-61000 (167,180) Use of vacancy savings to offset revenue reductions 01116540-61000 (105,070) Other Restricted Fund Totals Housekeeping adjustment to move revenue originally recorded in FY23-24 06617002-59301 14,745,008 Housekeeping adjustment to move revenue originally recorded in FY23-24 06617002-50001 (10,079,528) EXHIBIT 1 Line Item Changes to Revenue Estimates and Recommended Adjustments Description Account Number Revenue Spending Housekeeping adjustment to increase the transfer from Water Revenue to the Acquisition & Construction Fund 06017019-68000-066 10,666,969 Housekeeping adjustment to increase the transfer from Water Revenue to the Acquisition & Construction Fund 06617002-59000-060 10,666,969 SoCal Gas Community Investment grant funds to purchase air quality monitors 13116002-52040 50,000 SoCal Gas Community Investment grant funds to purchase air quality monitors 13116501-63001 50,000 Closure of Fund 400- Police Department Revenue Bonds 40019020-68000-011 53,470 Third & Main Street Parking Lot Sale proceeds & distribution to various taxing entities 67018002-57071 190,000 Third & Main Street Parking Lot Sale proceeds & distribution to various taxing entities 67018850-69142 190,000 As of March 31, 2025 Department FY 24 - 25 Adopted Positions Unfunded Positions GF Vacancies Non-GF Vacancies Total Vacancies Hiring Freeze Vacancies Total Funded Vacancies % of Dept. Vacancies City Manager's Office 15 3 1 4 0 4 27% City Attorney's Office 23 3 4 7 0 7 30% City Clerk 7 0 0 0 0 0 0% Community Development 79 2 11 13 0 13 16% Finance & Management Services 72 9 3 12 0 12 17% Information Technology 24 0 8 8 0 8 33% Human Resources 32 3 4 7 0 7 22% Planning & Building 97 13 1 14 0 14 14% Police Department 660 18 105 1 106 5 83 13% Parks, Rec & Community Svcs 69 5 3 8 0 8 12% Library 38 0 0 0 0 0 0% Public Works Agency 319 12 39 51 0 51 16% Total 1435 18 155 75 230 5 207 16% EXHIBIT 2