HomeMy WebLinkAbout2019/11/19 - Item 9 Presentation
12020-FISCAL YEAR 2019QUARTER BUDGET REPORT
Fiscal Year 2019 2 Transit System for new South Bay Rapid bus line.operating expenses for agreement with Metropolitan Addition of approximately $0.5 million in personnel and •code violations
within the City.the City Attorney’s Department to enforce municipal Creation of new Neighborhood Protection Unit within •Police Department: Addition of twelve positions.–2020-late Fiscal
Year 2019 Fire Department: Second squad vehicle to begin service in –services:Adopted budget includes expansion of Measure A •with no impact to the General Fund reserves.2020 is balanced
-Adopted budget for Fiscal Year 2019•Budget Highlights20 -
Fiscal Year 2019 3 Actuarial Valuation Report. 2019 for retirement costs based on latest CalPER’s –2018 Increase of approximately $3.0 million over Fiscal Year •Fund Police Department
positions to Jail Fund personnel.Creation of new Jail Fund and transfer of twelve General •which is an overall increase of $1.5 million.projection for each sales tax measure is $19.0
million, budgeted at $18.3 million and the revised revenue Both Measure A and Measure P Sales Tax were originally •2019. -2018approximately $1.1 million or 3.1 percent over Fiscal
Year Property tax revenue anticipated to increase by •Budgetary Notes20 -
Fiscal Year 2019 4 significant changes in future financial monitoring reports. Staff will continue to monitor revenues and expenditures and provide any •General Fund costs of approximately
$872,000.department transfers for net decrease of -and intra-Proposes minor inter•First Quarter Financial Monitoring Report 2020 Adopted General Fund Budget-Fiscal Year 2019 First Quarter
Monitoring Report20 -
Fiscal Year 2020
Fiscal Year 2020 Expenditure Projections
Fiscal Year 2019 7 of revenues to the General Fund of $872,430.increaseNet •within Public Works.Appropriate $85,208 for Emergency and Unanticipated Facility Repairs •Public WorksAppropriate
$165,000 for the Street Sweeping Contract administered by •License Fee based on projections from the County of San Diego. Appropriate additional $1.1 million for Property Tax in Lieu
of Vehicle •General Fund Significant Budget Adjustments First Quarter Adjustments20 -
Fiscal Year 2019 8 of expenditures for the Other Funds of $591,735.increaseNet •outfitting from available fund balance. Appropriate 180,000 for vehicle purchases and –Public Facilities
DIF •new Bayfront RV LLC Sewer Improvements (SWR0317).Transfer $390,000 from Sewer Income Fund to the –Sewer Income Fund •for the purchase of vehicles and contract services for maintenance.
Appropriate $282,371 in expenses –Various CFD & Open Space Districts •grants. revenue for various Development Services, Police, and Fire Department Appropriation of $576,643 in expenses
and $571,886 in –Federal Grants •grants. in revenue for various Animal Care Facility, Police, and Fire Department Appropriation of $177,863 in expenses and $180,810 -Other Grants Fund
•balance for the purchase of department vehicle.Gas Tax Fund increase of $124,000 from fund –Transportation Grants •Other Funds Significant Budget Adjustments First Quarter Adjustments20
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LONGFISCAL YEAR 2021 TO 2025TERM FINANCIAL PLAN (LTFP)-
LTFP Forecast SummaryFY2025)–(FY2021
Fiscal Year 2021 impact on the projections within the LTFPAny economic downturn will have a negative •growing expensesPension costs one of primary drivers of •FY 2025: $13.8 million
deficit–FY 2021: $6.2 million deficit–of the outlook. revenues for every year throughout the term LTFP projects expenditures to outpace •2025 Outlook-
Next Steps 12(All Funds)Public Hearing and Recommend Council adoption of Proposed FY 2021 Budget •JunePresent Fiscal Year 2021 All Funds Budget and CIP OverviewCity Council: •City Manager
Proposed Budget document submitted to Council•Hold two public workshops to provide overview of proposed budget•May Fiscal Year 2020 Third Quarter Financial Report•Preliminary City Manager
Proposed Budget Council Discussion Item•AprilFY 2021 Budget Projection Discussion, Updated LTFP DiscussionCity Council Workshop:•MarchBudget ReviewYear -Develop Fiscal Year 2021 Baseline
Budget; include changes from Mid•Projections)Year Fiscal Year 2020 Budget Review (Second Quarter Financial -Mid•February–January FY 2020 BudgetMeasure A Intended Public Safety Expenditure
Plan Update and amend the •December
City Council Comments/Feedback