CC 2013-05-20 Supplemental InformationTO: COUNCIL
FROM: D. - AJ
DATE: MAY 20, 2013
After additional review, staff is recommending the following minor adjustments to
revenue and expenditure recommendations in the Preliminary FY 2013 -14/ FY 2014-
15 Biennial Budget:
Property Tax
Property tax experienced a decrease of over 5.5% in FY 2012 -13 when considering
one -time revenues. Therefore, staff believes the original estimate of an increase in FY
2013 -14 is likely overly optimistic given the decrease during the past year. Staff is
instead projecting property tax to level off in FY 2013 -14 and increase by 2% in FY
2014 -15. This results in a decrease in the projected budget by approximately $55,000
in FY 2013 -14 and $22,000 in FY 2014 -15.
Sales Tax
Staff is estimating a 2% increase in sales tax in both FY 2013 -14 and FY 2014 -15. In
the Preliminary Budget, the increase was applied to the FY 2012 -13 Amended Budget
amount instead of the FY 2012 -13 Estimated Actual amount. When correcting this
error, it will increase projected revenues by approximately $40,000 in FY 2013 -14 and
$42,000 in FY 2014 -15.
Affordable Health Care Act
There is one part-time employee in the Police Department that is recommended to
remain at or above 30 hours per week, but estimated costs for medical insurance were
not included in the budget. This will increase expenditures by $2,500 in FY 2013 -14
and $6,000 in the FY 2014 -15.
Please find attached the primary revised summary sheets impacted by these changes
and let us know if you have any questions. The overall impact on the budget
recommendations is minor. The remaining pages in the budget that have changed will
be updated prior to final adoption of the budget. Thank you.
attachments
CITY OF ARROYO GRANDE
OPERATING BUDGET OVERVIEW
For the Fiscal Years Ending 2013 -14 & 2014 -15
The City's Budget is a flexible spending plan that is the legal authority for departments to commit financial resources to provide services within
the City of Arroyo Grande. The Operating Budget for Fiscal Year (FY) 2013 -14 is $23,955,695. The City budget includes $13.6 million in the
General Fund and $10.4 million in Other Funds (i.e., Water & Sewer Operations, Grant Funds, Street Maintenance, etc). The City's General Fund
Budget is approximately 57% of the total Operating Budget in FY 2013 -14. The City's General Fund Budget provides the majority of services
commonly associated with government (i.e., public safety, recreation, community development, general government, and public works). The
Capital Improvement Program expenditures have also been included in the Operating Budget.
Total Expenditures
Capital $23,955,695
Improvement Fund
$3,803,335
Other Funds
$1,706,020
General Fund
$13,608,385
Enterprise Funds
$4,837,955
CITY OF ARROYO GRANDE
ALL CITY FUNDS
Revenue & Transfer History - By Source
FISCAL YEAR 2012 -13 BIENNIAL BUDGET
Revenue Source
2010 -11
ACTUAL
2011 -12
ACTUAL
ORIGINAL
BUDGET
AMENDED
BUDGET
ESTIMATED
ACTUAL
2013 -14
BUDGET
2014 -15
BUDGET
Taxes:
Property Tax
$ 5,190,386
$ 4,383,507
$ 5,303,000
$ 3,731,043
$ 3,810,413
$ 3,523,000
$ 3,590,300
Sales & Use Tax
4,781,773
4,984,610
4,783,000
5,093,410
5,142,668
5,222,100
5,308,742
Transient Occupancy Tax
390,472
630,379
550,000
650,000
757,320
760,000
775,000
Franchise Fees
539,673
570,172
540,000
570,000
550,201
570,000
570,000
Other Taxes
1,844,899
1,949,405
1,460,600
1,600,814
2,081,743
2,253,070
2,186,950
Subtotal Taxes
12,747,203
12,518,073
12,636,600
11,645,267
12,342,345
12,328,170
12,430,992
Licenses & Permits
194,743
206,319
205,150
205,150
283,362
237,650
247,950
Fines & Penalities
66,724
71,605
85,000
90,000
51,984
72,000
72,000
Use of Money & Property
418,723
361,366
399,870
411,870
355,746
372,820
372,820
Aid from Other Governments
3,065,407
2,372,614
902,816
1,983,969
1,828,982
1,170,198
1,307,742
Charges for Services
7,478,131
7,816,232
7,967,250
8,027,250
8,524,683
8,178,450
7,995,950
Other Revenue
3,446,417
671,622
663,100
1,852,157
1,062,477
676,500
296,500
Total Revenues
27,417,348
24,017,831
22,859,786
24,215,663
24,449,579
23,035,788
22,723,954
Transfers In
5,752,096
6,200,242
5,212,825
9,720,153
7,478,882
5,711,022
4,920,400
Total Revenue & Transfers In
$33,169,444
$30,218,073
$28,072,611
$33,935,816
$31,928,461
$28,746,810
$27,644,354
c
GENERAL FUND SUMMARY
FUND: 010 GENERAL FUND
2010 -11 2011 -12
ITEM ACTUAL ACTUAL
Beginning Fund Balance
Revenues:
Revenues
Transfers in
Use of Reserves
Total Revenues
Expenditures:
Salaries and Benefits
Current Expenses
Debt Service
Capital Outlay
Transfers Out
Total Expenditures
Total Operating Increases (Decreases)
Audit Adjustments to Fund Balance
Use of Reserves
Total Adjustments to Fund Balance
Available Fund Balance
FISCAL YEAR 2012 -13
BIENNIAL BUDGET
ORIGINAL AMENDED ESTIMATED 2013 -14 2014 -15
BUDGET BUDGET ACTUAL BUDGET BUDGET
$ 3,234,884 $ 3,116,689 $ 3,305,852 $ 3,305,852 $ 3,305,852 $ 3,573,360 $ 3,378,115
12,364,942
10,875,588
10,816,920
11,151,663
11,445,375
11,073,220
11,418,120
2,325,564
2,185,456
2,320,300
2,036,673
2,011,382
2,339,920
2,455,900
118,195
-
350,000
450,000
-
200,000
150,000
14,808,701
13,061,044
13,487,220
13,638,336
13,456,757
13,613,140
14,024,020
8,486,399
8,488,012
9,399,900
8,946,030
8,321,695
9,189,995
9,389,495
3,934,936
4,109,161
4,178,350
4,606,048
4,519,686
4,079,445
4,209,000
908,594
133,750
195,650
195,650
134,689
248,395
248,395
1,068,359
93,310
66,675
207,623
200,179
90,550
182,200
410,413
7,411
-
13,000
13,000
-
-
14,808,701
12,831, 644
13,840,575
13,968,351
13,189, 249
13,608,385
14,029,090
-
229,400
(353,355)
(330,015)
267,508
4,755
(5,070)
-
(40,237)
-
-
_
_
_
(118,195)
-
(350,000)
(450,000)
-
(200,000)
(150,000)
(118,195)
189,163
(703,355)
(780,015)
267,508
(195,245)
(155,070)
$ 3,116,689
$ 3,305,852
$ 2,602,497
$ 2,525,837
$ 3,573,360
$ 3,378,115
$ 3,223,045
59