HomeMy WebLinkAbout2020-05-26 Item 15 - Presentation
3FISCAL YEAR 2020QUARTER BUDGET REPORT
Fiscal Year 2020 2 Fiscal Year 2020 General Fund Budget Third Quarter Monitoring Report
Fiscal Year 2020 General Fund (in thousands)3 Revenue Projections
Fiscal Year 2020 4 Reimbursements $0.5 million in projected increase in Interfund •Services$0.4 million in projected increase in Charges for •$1.1 million decrease in Transient Occupancy
Taxes•$1.2 million decrease of Measure A Sales Tax•$1.2 million decrease of Measure P Sales Tax•$3.0 million decrease of Sales Tax•Fundapproximately $6.4 million for the General End
revenue deficit of -Projected Year Budget Projections
Fiscal Year 2020 General Fund (in thousands)5 Expense Projections
Fiscal Year 2020 General Fund (in thousands)6 Expense Projections
Fiscal Year 2020 7$2.5 million of Transfers Outs•$0.3 million of Personnel Services savings•Fundapproximately $2.5 million for the General End expenditure savings of -Projected Year
Budget Projections
Fiscal Year 2020 General Fund 8 End Fund Balance-Projected Year
Fiscal Year 2020 General Fund 9 Economic Contingency Reserve
Fiscal Year 2020 General Fund 10 Services from the Fire Academy to Fire Training Transfer expense appropriations of $35,840 for Supplies and –Fire Department Services from Police Dispatch
to Traffic Enforcement. Transfer expense appropriations of $55,092 for Personnel –Police Department Third Quarter Adjustments
Fiscal Year 2020 Other Funds 11$120,000 from available fund balance for vehicle purchase.Increase expense appropriations of -Gas Tax Fund-Transportation Grants•Community Villas Housing
project.$408,184 from available Fund Balance to refund an overpayment from the Increase expense appropriations by -Housing Successor Agency Fund•for personnel costs for the Fire Department.and
expenses of $348,863 for the 2020 award of the FEMA SAFER Grant contractual services for the Police Department; and, appropriate revenues Asset Seizure funds for training, software
maintenance fees, and Appropriate revenues and expenses of $150,000 from -Federal Grants •Other Funds Significant Budget Adjustments Third Quarter Adjustments
Next Steps 2020 Financial ReportFourth Quarter FY•TBD–September 19 estimates and impacts-revised COVID21 budget based on -Bring forward changes to the FY 2020•TBD–July 21 Budget (All
Funds)-FY 2020Public Hearing and Recommend Council adoption of Proposed •June 9
City Council Comments/Feedback