HomeMy WebLinkAbout2017/11/7 Item 14 - Presentation CITY of
CHULA,VlSTA,
• Included funding for five police officers.
• A fourth fire fighter was added using overtime to each shift at
fire station one.
• Twelve new firefighter positions were added with the
approval of the SAFER grant. Once they are in the field', the
overtime at fire station one will go away.
• Funding was carried forward from fiscal year 2016-17 to
to
continue various projects including Smart Cities efforts', the
University project, the Bayfront Project'. Police CAD project'.
Accounting ERP, etc.
CITY of •
CHULA,Vl,S,, TA,
• Property taxes are projected to sl 'i'ghtly exceed
the adopted budget but are largely offset by
projected shortfalls in sales tax revenues.
• New fire positions costs and academy costs are
11
projected to be offset by various funding sources
including Fire departmental savings due to
vacancies,, prior year funds carried forward', strike
team and hurricane response revenues,.
CITY OF
CHULA,Vl,S,, TA,
Jj � N 1 11 MOM
..........
Revenues:
MAJOR DISCRETIONARY REVENUES $ 125.9 Current Fiscal Year is projected to be balanced.
OTHER GENERAL FUND REVENUES $ 59.4
NEW DEVELOPMENT REVENUES $ -
TOTALREVENUES $ 185.30
Expenditures:
PERSONNELSERVICES $ 123.5
SUBTOTAL OTHER $ 61.8
NEW PROGRAMS & DEVELOPMENT $ -
TOTAL EXPENDITURES $ 185.31
TOTALGENERAL FUNDSURPLUS/(DEFIB $ -
SURPLUS/(DEFICIT) AS% OF BUDGET 09/0
* Fiscal Year 2017-18 included a one time $18 million adjustment for the recognition of
refinanced debt.