HomeMy WebLinkAbout03-27-2014 Council Agenda Item 2-B SupplementCity of Fresno
March 27, 2014
Protect Public Safety - At minimum, maintain the current level of public safety and improve services as soon as funds are available
Support Job Creation - Include minimal staffing increases to support improved customer service and economic development
Restore Financial Health –
◦Pay off deficit funds and Water litigation/CSW fund loans
◦Build reserves of $25 million as quickly as possible without impacting public safety and job creation
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Total carryover is $6.8 million
◦$3.3 million resulted from one-time savings in
operational expenses and transfers, primarily from
holding positions open for Measure G
◦$1.7 is one-time, pre-paid revenue with one-time
offsetting expenses in FY 2014, e.g. El Paseo
project inspection fees
◦$1.8 million is expected to be ongoing revenue,
this has been taken into consideration in the Five-
year projections
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What’s in the Base:
◦Increases in Property Tax per Assessor’s estimated
AV for FY 2015
◦Revised RDA increment per Successor agency
schedule
◦Employee raises required by labor contracts
◦30 Cadets
◦7 additional Emergency Services Dispatchers
◦BFF staffing (7 General Fund positions)
◦Increase in Pension costs, both due to salary
increases and the decrease in return rate of the
pension system
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What’s in continued:
◦Replenishment of the $3 million Self Insurance
Retention (SIR) contingency
◦Reallocation of some CDBG expenses per federal
audit findings
◦All debt obligation transfers
◦Minimal level of GF capital replacement for PD
vehicles, Fire apparatus, safety training &
technology
What’s not in the Base
◦Provision for health care cost increases
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FY 2014 Estimate FY 2015 Base FY 2016 Projected FY 2017 Projected FY 2018 Projected FY 2019 Projected
Carryover 6,825 2,756 0 0 0 0
Revenues:
Sales Tax 74,166 76,247 77,914 79,862 81,859 83,905
Property Tax 102,286 105,929 108,048 110,209 112,413 114,661
RDA Increment 2,832 2,100 2,400 2,400 2,424 2,448
Charges for Current Svcs 32,858 34,215 34,899 35,597 36,309 37,036
All Other 67,971 66,072 65,831 65,338 66,435 67,377
Subtotal Revenues 280,113 284,563 289,092 293,406 299,440 305,427
Total Resources 286,938 287,319 289,092 293,406 299,440 305,427
Employee Services 192,482 206,451 204,594 209,555 214,137 215,737
All Other Expenditures 51,949 54,965 57,384 59,700 59,774 60,295
Total Expenditures 244,431 261,416 261,978 269,255 273,911 276,032
Debt Service (net of POB)/Transfers (23,298) (25,903) (24,941) (24,253) (23,074) (22,532)
Resources less Expenditures/Trfs 19,209 0 2,173 (102) 2,455 6,863
Internal Loan/Repayment (12,400) 0 0 0 0 0
Deficit Recovery (4,053) 0 0 0 0 0
Ending Balance 2,756 0 2,173 (102) 2,455 6,863
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FY 2014 Estimate FY 2015 Base FY 2016 Projected FY 2017 Projected FY 2018 Projected FY 2019 Projected
Estimated RDA Debt Repayment 3,500 2,000 3,125 2,900 3,040
Estimated Budget Surplus/Deficit (from prior slide) 0 2,173 (102) 2,455 6,863
Ending Reserve Balance 1,500 5,000 9,173 12,196 17,551 27,454
Funded police officers
◦717 in FY 2015-FY 2016
◦727 in FY 2017
◦732 in FY 2018-FY 2019
Funds all current cadets and Emergency Services
Dispatchers
Funded firefighters
◦311 in FY 2015- FY 2017 (funded thru SAFER13 grant)
◦320 in FY 2018- FY 2019
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Recognize RDA tax increment monies, per the
Successor agency schedule, into the operating
budget
Due to the uncertain timing of the RDA debt
repayment, these funds will be placed in the
Emergency Reserve if/when they are received
Assume modest contract savings as contracts come
open
◦Funds increases in public safety and other staffing in the
coming years
◦Assume salary increases after 2 years of savings
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Budget will be delivered to Council on May
20th
Budget hearings can start 10 calendar days
after delivery
Must be adopted by June 30th
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