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Home My WebLink AboutItem 16 - Presentation CHULAVI.STAI • Adopted budget for Fiscal Year 2020-2021 was balanced with no impact to the General Fund reserves. • Adopted budget and assumptions were prepared in early March 2020, prior to the economic decline due to the COVID-19 crisis. • Includes expansion of Measure A funded positions: — Fire Department: Addition of twelve Firefighter positions. — Police Department: Addition of nine various positions. • Operating and personnel expenditures for the new Millenia Fire Station of approximately $2.0 million. z C CHULA,Vl,S,, TA,I • Property tax revenue anticipated to increase by approximately $ 1.2 million or 3.3 percent over Fiscal Year 2019-2020. • Both Measure A and Measure P Sales Tax are budgeted at $20.0 million for each sales tax measure, an overall increase of $ 1.8 million each or 9.6 percent over Fiscal Year 2019-2020. • Approximately $ 1.6 million transfer to Chula Vista Bayfront Finance Authority Fund for Fiscal Year 2020-2021. • Increase of approximately $ 1.6 million over Fiscal Year 2019 — 2020 for retirement costs based on latest CaIPER's Actuarial Valuation Report. 3 CITY OF i OEM IN i CHULA,VlS,, TA, I i Fiscal Year 2020-2021 Adopted General Fund Budget F 0 FY 2021 FY 202........ Description Revised Budget Projection Revenues,. MAJOR DISCRETIONARY REVENUES 10.? $i 158.5 OTHER EEJ EL, FUND REVENUES 46"1, 43Mui ........ ....................................................... . ........................................................................................................................................................................................................................................................................................................ Expenditures. .... ...... ..... .. ....... ..... . PERSONNEL SERVICES 1.31*8 1:31*8 OTHER EXPENDITURES 71,0 71.0. ...... .. ...... .. . ..... .... TOTAL: GENE�R,AL FUN DSUIRPLUS/(DE,F1 CIT) :> 4*11 (0 W?7) First Quarter Financial Monitoring Report • General Fund budget was decreased by $3.9 million in July 2020 due to anticipated decline in revenues. • Projections does not include CARES Act funds, which will be included in Q2. • Projections does not include current economic conditions worsening due to increase in COVID-19 cases, continued lock down, and business closures. 4 Mill' r � CITY OF CHULA,Vl,S,, TA, F�' �'02Y 2021 Revenue Category, Revised: Projected VarlaInce Budget Budget Property Taxes Sales, Tax1 13855 3 �936 �� Q9 :98,2i Measure P Siales Tax i020000 1 . ........... Ma'ri'are A Siales Tax 20020,0,00 20,,�� .. ------------------------ PT "....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... n fi'eu A Motor "Vehicle License Fee VUF 2359� �9i39 4-,��` � ��'�:� ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. FranchiseFees 124049135 12,,E '�� Ut:i ty Users Tl ax 512331423 �033 15 �,3 (1 1 1+ 0 i Transient Occupancy I�lcy Taxes �926� 312 ,531 �374 (395 1'��+�� ........................ I................. DevelopmeInit Revenue 210341366 21034 v 366 Licenses and Permits .............................. Fines Forfeitures Penalfies 1 230 2:53 1 230253 ............................................................. ............ .................................... se of Property 2996116 2-� ' 1:0 .............. Other Local Taxes ,125 339 3,�� (496�� .....................................................................................................................................................................................................................................................................................................................................:.......................................................................................................................................................................................................................................................................................................................................:............................................................................................................................................................... Police Grants 981 317 981 317 ......................................................................................................................... .......................................................... .............................................................................................................................: Revenue from Other Agencies 1 �4181.0 7 1 418 747 Charges for Services 81434-85 7 039 533 (1 ,103,952). Interfund Reimbursements 10099,9119 10,099,919 ................................................ ................................... ................................................ .............. ......................... Other Re eIniue 1 -m3351381. 707-x381 (628:1000). ...... 10 .n 3,15618 Transfers 1 12 315 6,18 12-� ..... ..................... ......................................... TOTAL. 5 AREVENUES 206.x,,83 �7953 202j,0 1 Y 4 1 (4:117:601,542). ............ ....... ..... ....... .... .......... ............................. .............................. jilijiIiiii ............................ ................................. ........ .......................... ...... .......................... ...... ............................. ....... ............................. .......................... ......................... .......................... ........ ...... ........................ ......................... ............ ......................... ........... ............ .............. ............ .. .......... .. ... .... ..... . ................ ............................... .............................................. .................................................................................... ------------------------------------------------------------- ----------------------- Y 20-21 IFY: 2021. F Department Revised Prplected Budget Sudget .......................................................................................................... City Council .......................................................................................................................................................................................................................................................................................................................................... ................ ................................................................................................................................................................................................................................................ .................................. . ................................................------------------------------------------------------------------------------------------- Boards & Coinmissions ............................................................................................................................................................................................................................................................ ....................................................................................................................................................................................................................................... 933434 .. ................................................................................................................................................................................................................................................................................................................................................................................................................. City Attorney ..... ....................................................................................................................................................................................................................................................................................................................................................................................................................... ............................................................ ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 859 Administration 234-2859 2 342.� ............. ............................... .....................................................................I...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Information Technology ------------------------------ S 760848 . 2 760 8.48i Human Resources 2 ........................................................................................................................................................... .................................. .......................................... ........................................................................................................................................................... -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------11----------------------------------------------------------------------------------------------- Finance 3 760 994 :. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................"Il""Ill""Illll""Ill""Ill",'llI...............,,:. .................................... ................................................................................................................I.I.I.I.I.I.,.,%,%1%1�..:,%,%,%,%,%,%,%,%,%,%1%1%1........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................ ............................................................................................................................................................ .................................... - 0,28,636 Non-Departmiental 50 028 636 :. 5011� it it - A ................. ................................................................................................................................................................................................................................................................... .................................................................................................................... ........ Animal Care, Fablity ----------------------------------------- ---------------- ...... Econo:mic Development Mwz. ........................................................................................................................................................................................................................................................................................................................................I .... ......................................................................................................................................................................... ....................................................................................... OR. Pianning & Buidding ....................................................................................................................................................................................................................................................................................................................... ...................... ........................................................................................................................................................................................................................................................................................................................ ................................................................. Engineering/Capital Project 9 928 285 .. 9 9281 28,5-� 7 ......................................... ................................ ..................... ............................................................ ......................................................................................... .............................................................................................................................................................................................................. 875 . 57 482 875 517 482, IT: If 7 ------------------------ .......................... ............................................................................................................ ----------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------------------- 33, 908 07:0 . 33.�908.070 ------------------------------------------------------------------------------------------------------------------- ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Public Works ---------------------------------------------------------------------------------------------- ........................................................... ................................................. .......................................................................................................................................................................................................................................................................................................................... 1:76 352 Parks and Recreation. 101 1 ............................................................................................................................................................................................................................................................................................................................................................................................................... .......................................... ......................................... -------------------------- --------------------------------------------------------------------------- --------------------- ----------------------------- 427 7834 .. 3 834, 3, 1142 ....................................................... ........................................................................................................................................................................................................................................................................................................................................... ...... ................................................... ------------------------------. .................. ........ ,'TOTAL EXPENDITURE BUDGET i $ 20 77,811136; $ 21021,778,136 ... ........................................................................................................................................................................................................................................................................................................................................................................................................... .................. CHULA,Vl,S,, TA,I General Fund Significant Budget Adjustments • Appropriate additional $1.4 million for Property Tax in Lieu of Vehicle License Fee based on projections from the County of San Diego. • Appropriate $112,618 in revenues with the Human Resources Departments for the reimbursement from the Fire Department Transport Program to fund 1.0 FTE Human Resource Analyst position. • Net cost decrease of $1,390,598. CHULA,Vl,S,, TA,I Other Funds Significant Budget Adjustments • Measure P Sales Tax — Appropriate $1,113,327 from fund balance for various CIP Projects. • Transportation Grants-Gas Tax Fund — Decrease appropriations by $1,540,229 for various CIPS due to a decrease in revenues from FY2020. • Advanced Life Support Program Fund — Appropriate $1,023,454 in expenditures and $1,014,487 in revenues. • Federal Grants — Appropriate $621,170 in expenditures and $336,219 in revenues for various Development Services, Police, and Fire Department grants. • Transport Enterprise Fund — Appropriate $2,807,494 in expenditures. • Net cost increase of $3,121,918. s