CC 2018-06-12_11a FY 2018-20 Biennial Budget_PP Presentation
Consideration of Fiscal Years 2018-20 Biennial Budget
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Background
General Fund 10 Year Forecast – 1/23/2018
Budget Priorities – 2/13/18
Budget Balancing Strategies – 4/24/18
CIP and Local Sales Tax Fund Review – 5/22/18
Preliminary Budget – 5/29/18
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Tonight
Budget Adoption and Appropriation for FY 2018-19
Each fiscal year must be appropriated separately
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Highlights
Total Budget $85.9 million over two years
Operating (salaries/benefits, services, supplies, maintenance)
Debt payments
Capital items
General Fund approximately $20 million each year
Includes paying $5 million to CalPERS for unfunded liabilities
Balanced, reduces long term liabilities and maintains reserves at or above policy levels
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2018-19 General Fund Revenues by Source
$17.8 Million
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Expenditures by Function – General Fund
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Changes from May 29
$7,500 annual support for 5CHC warming shelter operations
Current year reallocation– Soto/Elm Master plan $50,000 and $78,000 additional sidewalk funding
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Recommendation
Adopt a Resolution approving the FY 2018-20 Biennial Budget and making appropriations for FY 2018-19.
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