Recommended FY 2022-2024 Operating Budget and CIP

General Fund Six-Year Forecast (continued)

21-22

22-23

23-24

24-25

25-26

26-27

27-28

Year End Projection Recommended Recommended

Forecast 23,970,384 53,921,194 (57,513,792)

Forecast 20,777,786 56,014,205 (59,189,008)

Forecast 18,002,984 57,333,294 (60,724,881)

Forecast 15,011,397 59,096,879 (62,445,537)

Beginning Fund Balance

$

24,896,179 52,032,666 (50,321,880)

$

26,606,965 50,511,568 (52,470,094)

$

25,398,439 52,206,814 (54,134,870)

$

$

$

$

Revenues

Expenditures Salary Savings

750,000

500,000

400,000

400,000

400,000

400,000

Ending Fund Balance

$

26,606,965

$

25,398,439

$

23,970,384

$

20,777,786

$

18,002,984

$

15,011,397

$

12,062,738

GF Fund Balance/Reserves (%)

51%

50%

46%

39%

32%

26%

20%

Operating Margin

$

1,710,786

$

(1,958,526)

$

(1,928,055)

$

(3,592,598)

$

(3,174,803)

$

(3,391,587)

$

(3,348,659)

21-22

22-23

23-24

24-25

25-26

26-27

27-28

Year End Projection Recommended Recommended

Forecast

Forecast

Forecast

Forecast

GENERAL FUND REVENUE DETAIL Property Taxes (Secured and Unsecured)

$

11,300,925 4,757,965

$

11,672,422 5,091,023

$

12,031,500 5,295,000

$

11,828,000 5,507,000

$

12,240,000 5,727,000

$

12,669,000 5,956,000

$

13,115,000 6,194,000

VLF In-Lieu Property Tax

RDA Pass-Through

614,000

656,980

683,000

710,000

738,000

768,000

799,000

Sales Tax

12,141,348 2,235,300 2,551,000

11,950,308 2,600,000 2,760,000

12,218,967 2,800,000 2,873,800

12,601,000 3,000,000 2,990,948

13,125,000 3,390,000 3,112,632

13,670,000 3,492,000 3,240,047

14,237,000 3,597,000 3,372,399

Transient Occupancy Taxes Franchise (Refuse,Cable,PG&E)

Public Safety Sales Tax Property Transfer Tax

467,474 541,000

445,105 500,000

455,000 510,000

469,000 520,000

488,000 530,000

508,000 541,000

528,000 552,000

Total Taxes

$

34,609,012

$

35,675,838

$

36,867,267

$

37,625,948

$

39,350,632

$

40,844,047

$

42,394,399

Business License Other Permits

$

188,000 84,475 272,475

$

170,000 86,489 256,489

$

170,000 87,464 257,464

$

173,000 89,575 262,575

$

176,000 91,575 267,575

$

180,000 93,575 273,575

$

184,000 95,575 279,575

Total Licenses/Permits

$

$

$

$

$

$

$

Parking Enforcement

$

(2,307) 45,127 42,820

$

22,932 46,480 69,412

$

23,019 47,875 70,894

$

23,000 49,000 72,000

$

23,000 50,000 73,000

$

23,000 51,000 74,000

$

23,000 52,000 75,000

Code Compliance

Total Fines And Penalties

$

$

$

$

$

$

$

Motor Vehicle In-Lieu

$

26,026

$

40,000

$

40,800

$

42,000

$

43,000

$

44,000

$

45,000

Other Revenue/Other Agencies

6,098,358 6,124,384

1,475,820 1,515,820

1,003,589 1,044,389

1,022,000 1,064,000

1,041,000 1,084,000

1,060,000 1,104,000

1,079,000 1,124,000

Total Other Agencies

$

$

$

$

$

$

$

RCSD Programs

$

4,140,555 1,516,873

$

5,209,367 1,775,408

$

5,728,763 1,822,869

$

6,314,598 1,819,530

$

6,483,498 1,855,930

$

6,658,498 1,860,070

$

6,839,498 1,897,290

General Administration Overhead

Fire Fees

321,700 563,082

328,000 614,310

334,000 712,789

340,000 721,201

346,000 730,202

353,000 739,203

360,000 748,204

Other Charges For Current Services

Total Current Services

$

6,542,210

$

7,927,085

$

8,598,421

$

9,195,329

$

9,415,630

$

9,610,771

$

9,844,992

Interest Earnings Facility Rentals

$

150,000 495,678 570,819 327,088

$

200,000 819,459 574,829 327,100

$

250,000 952,826 584,293 334,400

$

225,000 981,000 596,142 338,501

$

200,000

$

175,000

$

150,000

1,008,000

1,036,000

1,065,000

Other Rentals Miscellaneous

608,142 342,502

621,142 346,503

634,142 350,504

Total Other Revenue

$

1,543,585

$

1,921,387

$

2,121,519

$

2,140,643

$

2,158,644

$

2,178,645

$

2,199,646

Transfer from Development Services

$

-

$

-

$

-

$

215,200 81,100 75,000 650,000 150,000 828,000 384,000 997,399 180,000

$

215,200 81,100 75,000 650,000 150,000 870,000 396,000

$

215,200 81,100 75,000 125,000 150,000 914,000 408,000

$

215,200 23,947 75,000 150,000 960,000 420,000 -

Transfer from Open Space

-

81,100 75,000 650,000 150,000 750,000 355,000 904,438 180,000

81,100 75,000 650,000 150,000 788,000 373,000 949,760 180,000

Transfer from Park Development Transfer from Park Maintenance

75,000 650,000 125,000 714,318 324,763 829,099 180,000

Transfer from Public Safety Transfer from Sewer/Water Transfer from Solid Waste

Transfer from Street Maintenance Transfer from Various Funds

1,047,424

1,099,956

1,155,120

180,000

180,000

180,000

Total Transfers In

$

2,898,180

$

3,145,538

$

3,246,860

$

3,560,699

$

3,664,724

$

3,248,256

$

3,179,267

TOTAL REVENUES

$

52,032,666

$

50,511,568

$

52,206,814

$

53,921,194

$

56,014,205

$

57,333,294

$

59,096,879

SPECIAL ANALYSIS 333