HomeMy WebLinkAbout2012/05/24 Item 1 Additional InformationCIiY OF
CHULA VISTA
'"' Agenda
CHUTA VISTA
• Maintain the service levels established in the
City Council's 2011-12 budget
• Fund the highest level of municipal services
possible based on available resources
• Make significant progress on key programs and
projects
• Continue stabilizing Chula Vista's financial base
• Continue streamlining operations through
Continuous Improvement
• January 12: Presentation to City Council of the Fiscal
Recovery and Progress Plan and updated Five Year
Financial Forecast
• February 21 & 23: Open House/Revenue Workshops
• March 1: Infrastructure Workshop
• April 17: Presentation to City Council of the Fiscal Year
2012-13 General Fund Proposed Budget
• April 5: Transportation Workshop
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• May 14: Budget Public Meeting/Open House
• May 21: Transmittal of Fiscal Year 2012-13 Proposed
Budget
• May 24: Council Workshop and Updated Five Year
Financial Forecast
Fiscal Year 2012-13 Projected Revenue $259.6 million
RavenicM1an OlYwr
ryeol
Fiscal Year 2012-13 Proposed Expenditures $273.8 million
supplbs aad
Serrices
Tranabrs Out
12%
3%
fiscal Year 2012-13 Proposed Expenditures $273.8 million
RDA, SA, &
Housing, $22.1
Development
Services Fund,
$6.3
General Fund,
$124.7
Sewer Funds,
Trensit Funds,
$6.4
meet Funds, $12.9
Management,
$4.5
•
Gener al Fund Reve nues (in thous ands)
Property Tazes $ 24,712 $ 24,788 $ 24,665 $ (123)
Sales Tax $ 26,702 $ 26,797 $ 27,834 $ 1,037
Molar Vehicle License Fees $ 16,943 $ 16,288 $ 16,125 $ (163)
Development Revenue $ 1,403 $ 1,339 $ 985 $ (354)
InleRuntl Reimbursements $ 10,585 $ 9,760 $ 9,947 $ 187
Transfers From Other Funds $ 12,362 $ 12,102 $ 11,859 $ (243)
Franchise Fees $ 8,260 $ 7,793 $ 7,939 $ 14fi
Charges for Services $ 5,375 $ 6,752 $ 6,526 $ (226)
Utility USers Taxes $ 4,944 $ 3,405 $ 3,477 $ 72
Other Agency Revenue $ 1,355 $ 1,393 $ 2,113 $ 720
Other LOCal Tazes $ 1,862 $ 1,970 $ 2,046 $ 76
Other Revenues $ 1,525 $ 4,726 $ 1,504 $ (3,222)
ransieM Occupancy Taxes $ 2,059 $ 2,109 $ 2,728 $ 19
Use of Money antl Property $ 6,924 $ 2,412 $ 2,416 $ 4
Licenses and Pennils $ 672 $ 928 $ 852 $ (75)
Police Grants $ 1,352 $ 1,253 $ 1,285 $ 33
Fines Farteitures & Penalties $ 1 709 $ 1 238 $ i 692 $ 654
TotalO era[In Butl et $ 128744 $ 125053 $ 123596 $ 7458
Ca ital Pro'ects $ $ - $ 551 $ 551
Total General Funtl 128 744 125 053 724 747 906
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Fiscal Year 2012-13 Projected General Fund Revenues $124.1M
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Fiscal Year 2012-13 Proposed General Fund Expenditures $124.7M
Overtime 4.7%IHealth Benefits
Hourly Wages 1.7%_
8.4%
Retirement
Personnel Services 80.4%
Other Personnel
Expense 3.6%
/ Non-CIP Protects
f Lesz than 0.1%
CapIb10.1%
-.._Other Expenses
0.4%
`CIP Protects 0.9%
Utilities 3.9%
DeM 6vc/rrensfers
I Out 4.2%
Supplies & Services
10.1%
General fund Summary (in millions)
~- . e •.- e a . . .
Revenues $ 123.6 $ 0.6 $ 124.1
Expenditures $ 123.6 $ 1.1 $ 124.7
Surplus/Deficit $ - $ (0.5) $ (0.5)
Note: The fiscal year 2012-13 budget reflects the use of reserves for the Bonita/Long Canyon capital
improvement project.
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Net Cost by Department (excludes Non Departmental}
Fire, 25% Public Works, 30%
Polic
^ CRY Council
^ Adminhtration
~ Animal Care Facility
^ Publi< Works
16.0%
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
0.0%
^ewrds&COmmisslons ^City Clerk
^ Info Tech Services ^ Human Resources
^ Development Services ^ Pollce
® Recreation = Library
$1,186,737
$40,076
$817,122
$2,114,075
$1,]28,012
$2,866,945
$1,875,321
$2,040,598
$1,251,610
5550,5]9
$1,362,735
$2,864,523
^CRy Attorney
^ Finance
^ Fire
~ Reserves as of June 30 -Reserve Policy (Updated 2009)
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FY09 Actual FYSO Actual FYSi Ac[ual FY12 Projected FY13 Projected
General Fund Revenues and Expenditures
Fiscal Years 2007 to 2011 Actuals
Fiscal Years 2012 to 2017 Projected
$vo.o
S
;_ $160.0
g
$150.0
$140.0
$130.0
$120.0
$110.0
$100.0
-Revenues -Expeditures
General Fund Financial Forecast
Fiscal Years 2012 to 2017 Projected
Revenues $ 124,147,000 $ 123,987,000 $ 125,716,000 $ 127,694,000 $ 130,251,000
Expeditures $ 124,661,000 $ 127,303,000 $ 128,831,000 $ 130,380,000 $ 131,980,000
Surplus/Deficit $ (514,000) $ (3,316,000) $ (3,115,000) $ (2,686,000) $ (1,729,000)
Notes:
1. Assumes RDA loan repayments of $2.0 million per year over five years
2. Does not reflect increased support of Police grant funded positions ($800,000 over time)
1~
FV07 FY08 FV09 FY30 FYll FV32 FY33 FY14 FY15 FV36 FY37
• Three pronged approach to economic
development strategy:
- Advance key projects including Bayfront, Millenia,
and University and Research Park
- Determine and recruit new industries to Chula Vista
- Increase revenues (capture local sales tax, business
to business)
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• June 5 -Staff response to Council proposals
identified and additional Council feedback on
proposed budget
• June 12 or June 19 -Public Hearing and Council
Adoption of budget
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