Fy 2015 16 proposed budget presentation
19
FY 2015/16 Proposed Operating & Capital Budget
-
Upload
rishi-kumar -
Category
Government & Nonprofit
-
view
105 -
download
6
Transcript of Fy 2015 16 proposed budget presentation
FY 2015/16
Proposed
Operating & Capital Budget
Budget Presentation
• Fiscal Trends
• Operating Budget
• Capital Budget
Proposed Budget is online at: http://www.saratoga.ca.us/cityhall/admin/budget/
Strengthening Economy
Economic Optimism
Local indications
Housing Market
Increasing Revenues
Property Tax
Development Fees
Revenue Trends
General Fund Revenue Growth
Increasing Expenditures
Labor costs
UAL
Sheriff Services
Vendor and service increases
Internal Service Funds
Stabilized Organization
Steady staffing levels, labor costs
Restored services/stabilized operational expenditures
Expenditure Trends
General FundExpenditure Growth
General FundExpenditure Growth
General Fund Revenues vs Expenditures
General Fund Revenues vs Expenditures
Through the Recession
Revenues
Expenditures
Labor Costs
Sheriff Services
Internal Service Funds
Operational Costs
General Fund Budget Development
General Fund
Net Operations
Operating Sources
Revenues 19,167,826$
Use of Development Reserve 60,000
Use of Environmental Reserve 50,000
Use of Capital Project Reserve 1,777,896
Fiscal Stabilization Reserve Loan Repayment (250,000)
Total Operating Sources 20,805,722$
Operating Uses
Expenditures 18,526,872$
Development Reserve Transfer to CIP 60,000
CIP Reserve Transfer to CIP 1,777,896
Operating Transfer to CIP 110,138
Total Operating Uses 20,474,906$
Net Operations 330,816$
General Fund Net Operations
Proposed Budget
FY 2015/16
Total Budget Activity
Estimated Revenues Expenditures Estimated
Fund Balance & & Fund Balance
July 1, 2015 Transfers In Transfers Out June 30, 2016
Operating Funds
General Fund 8,885,020$ 19,167,826$ (20,474,906)$ 7,577,940$
Special Revenue Funds 844,676 547,990 (613,170) 779,496
Internal Service Funds 2,179,023 2,739,500 (2,925,221) 1,993,302
Debt Service Fund 948,826 826,100 (885,085) 889,841
TOTAL OPERATING BUDGET 12,857,545$ 23,281,416$ (24,898,382)$ 11,240,579$
Capital Funds
Street Projects 2,736,163 8,326,845 (11,063,008) 0$
Park & Trail Projects 1,426,877 797,281 (2,180,539) 43,619
Facility Projects 402,715 348,616 (716,330) 35,000
Administrative Projects 369,107 415,000 (784,107) 0
TOTAL CAPITAL BUDGET 4,934,862$ 9,887,742$ (14,743,985)$ 78,620$
TOTAL ALL FUNDS 17,792,407$ 33,169,158$ (39,642,366)$ 11,319,199$
Total Budget Activity Summary
General Fund Revenue Changes:
Property Tax Revenues – in flux
General Fund Expenditure Changes :
Legal Budget increase - $25,000
Clean Water Program increase - $30,000
Operating Transfer to Street Resurfacing – in flux
CIP change
Turf reduction rebate funding
Last Minute Changes
CIP BudgetedExpenditures
CAPITAL BUDGET BY PROGRAM
Streets $11,063,008
Parks & Trails 2,180,539
Facility 716,330
Administrative 784,107
Total CIP Budget $14,743,986
Roadway Maintenance and Repairs
Funding: $375,000 from CIP Reserve
Residential Street Reconstruction
Harper Ave
Palmtag Ave
Brookview Dr
Total Funding: $300,000 from CIP Reserve
Street CIP Projects
Park & Trail CIP Projects
Quarry Park Restroom Funding: $90,000 from CIP Reserve
Sustainable Landscaping Funding: $25,000 from CIP Reserve
Civic Theater Boiler Replacement
Funding: $90,000 from CIP Reserve
Civic Theater Roof Top Duct WorkFunding: $90,000 from CIP Reserve
Facility CIP Projects
City Website/Intranet Redesign
Funding: $75,000 from CIP Reserve
Village Specific Plan UpdateFunding: $100,000 from CIP Reserve
Administrative & Technology CIP Projects
