BUDGET AND REVENUE HIGHLIGHTS

Size: px
Start display at page:

Download "BUDGET AND REVENUE HIGHLIGHTS"

Transcription

1 . -J,.r1L PROPOSED BUDGET BUDGET AND REVENUE HGHLGHTS Miguel Santana City Administrative Officer Date: i to. [L Submitted in. Committee,-7 council File No: / l?,... & OV /7_... / tem No.-=,;;;.- Deputy: f&r-;{j

2 Reported Deficit at Mid-Year The Reported Deficit at Mid-Year was $28 Million Total 29-1 Deficit- $515 Million Revenue, $186 Resolved, D Revenue Expenditures Resolved Expenditures, $22 2

3 Estimated Deficit in the Proposed Budget The Remaining Deficit in early April 21 (Fourth FSR) is now $146 Million. A decrease from the prior estimate of $62 million. Total 29-1 Deficit- $515 Million Remaining Shortfall, $146 Resolved, $369 3

4 Budget Principals Reduce the structural deficit Protect core services Develop flexible funding strategy Rebuild the Reserve Fund Recognize new revenue. 4

5 ADOPTED CTY BUDGET FY1999- TO FY21-11 $8, -r , $7,. - $6, , $s,ooo rl ;p,o $4,827 1 $5,163 $5,388 $4, $3, $2, $1, $ ';:;c::, 9JOJ "Oj * Proposed Budget r;:;" s::; ';:;}, s::;" ';:; r:;::,t:::lr,; 'V ';:; s::;"j, b{,t;::,f\:) r;jo s::;, s::,co r;:;co General Fund Special Funds 9J g,ss f\:) 9Jf:;) t;::,!' "' 'V 5

6 CTYWDE POSTONS FY1999- TO FY , "' '...,...,...11,..,u4 38,574 38,869 39,615 39,261 37,974 34,88 35,49 36,996 3, 2, 1, * Proposed Budget General Fund -Civilian Special Funds- Civilian Sworn 6

7 Full Year Savings from Continuation of Current Year Reductions Total of approximately $22 Million ERP Savings, $54 Position Eliminations, $33 Fire Deployment Plan, $39 Reduced Police Overtime and Other Savings, $9 7

8 21-11 Budget Solutions V a a@ W o@ Ongoing Revenues, $154, 3% Cost Reductions, $216, 44% One-Time Revenue, $53, 11% Unpaid Days, $63, 13% 8

9 21-11 PROPOSED BUDGET Top Departmental General Fund Budget Reductions Change Department Adopted Proposed Budget Budget Amount Percent PW/Bureau of Street Services 32,743,489 19,65,244 (13, 138,245) (4.1)% Cultural Affairs 9,599,452 7,221,127 (2,378,325) (24.8)% El Pueblo 2,11,597 1,535,857 (475,74) (23.6)% Emergency Management 2,48,959 1,564,626 (484,333) (23.6)% Aging 936, ,771 (178,58) (19.1)% PW/Board of Public Works 13,38,354 1,673,78 (2,364,574) (18.1)% General Services 214,151, ,261,398 (34,89,367) (16.3)% Disability 1,141, ,312 (172,961) (15.2)% PW/Bureau of Engineering 28,849,317 25,138,523 (3, 71,794) (12.9)% 9

10 21-11 Budget Unrestricted Revenues $3.63 Billion 52.% Recreation & Parks 6.8% Other 9% Fire 17.2% < Public Works Street Services Transportation Engineering Capital mprovements Building & Safety Planning 9.1% Unrestricted Revenues are 53.9% of the City Budget Restricted Revenues (46.1%) include Grants (except Police Dept), Se\/\18r, Solid Waste and Gas Tax Receipts. 1

11 21-11 Reserve Fund Balance on July 1st Loans and Loan Repayments (net) Early Reversion of Unencumbered Funds Miscellaneous Receipts Projected Reserve Fund Balance in Early April $121.2 (22.) $

12 ADOPTED RESERVE FUND AMOUNTS FY1999- TO FY $32=============== $2951============== ================= $27!============ ============ - $245r==== ==== $22r== == $195r L $17r $145 r :;:-::-=---:;:-:-:=-=-----ru $12 $16 $12... $9 5 -r j $ $45 $2 -$ 511 lt j t!!!-1!!!!1111!1111ljcljf.. --f!l!"".;1 S:l!:1 ' -, -, ' -"):),,..._, a:r:;:,"':j r:;:,c!> "Oj -,f:s r:;:,<:l fij)s " "' "' "' s: t::j q(s -,f:s -,f:s $j r:;:, 9/) r:;:, Emergency Reserve Contingency Reserve " ('to.* * - -"'' "'oj r:::,"- " ',) - "' "' '1' "" "' Anticipated Receipts * Proposed Budget 12 "'l.:>

13 Changes in Revenue Estimates General Fund Revenue * * Excludes transfer from Reserve Fund & parking-related structural asset Proposed Budget 29-1 Mid Year Revised 29-1 Adopted Budget - Actual īii 4.2 tit Fiscal Year Ending The budget anticipates General Fund revenue to pass the 28-9 level in

14 -Four-Year Budget Outlook $5,4 $5,224 $5,2 $5, c r-1fll",. $ (432)1 $4,8 E $4,6 $4,4 $4,2 $(234) --c:;zia e - ;;: $4,339 $4, 365 s (342) $4, 751 $4, Revenue Expendtur esj 14

15 Mid-Year - Four Year Outlook $5,6 $5,4 $5,2 $5, $4,8 1: '=' $4,6 r- $4,845 $(78&) r- 47 $ L... A z - z :r_. "':'.:.. -, : Sf852) $5,514 L_ --- t.. "1. _-t. - S('f,.o? ) $4,4 $4,2 $(6'16) $4,32s--- $4,422/ 1 $C28) $4,214 $(.484) $4,132 - r $4,177, 285. $4, 29-1 Tot a l Deficit 29-1 Jan [-+- Revenue--- ExpenCfitur 15

16 Four-Year Budget Outlook $5,4 $5,224 $5,2

17 Major Drivers of Expenditure Growth in the Four-Year Ou.tlook $ $2 -en s::: - - Ē - $15 $1 $5-1--l $ D LAGERS Pensions D Workers'Compensation D Health and Dental Benefits 17

18 ACTUAL CTY PENSON/RETREMENT CONTRBUTONS /o OF GENERAL FUND FY1999- TO FY21-11 $ $ $ ; $ $ : $ $ $2 $1 $ * Projections " Sl " ex O:.Oj t\: :. co!' " 18

19 ACTUAL EMPLOYEE NSURANCE COSTS FY21-2 TO $ $218 $25 $23 $29... $229 ::?* $2 O,.) = a- $15 1 $1oo $5 $ $ MO... $1 $18 $64 $7..-====-:= $34 $37 $41 $43 $44 $22 $23 $26 $28 $31 $52 $ $51 ""'!' ');. #,...,...,!',...nv,... co 'b q " * n; " 'V n;, <:> ro co '); j-+-- Police--- Fire Civilian! *Projected 19 ':::5 '); $58

20 21-11 Revenue Discussion Current Economic Climatic in the City High Unemployment Rate Sales Tax comparisons Property Tax - assessed values Hotel Taxes Documentary Transfer Tax 2

21 Economic Climatic City 1%, Sales Tax and Local Unemployment Rate Los Angeles County Unemployment Rate City 1% Sales Tax ?/?. 1 4 en Q) s::::... C'S.Q :::... s:::: 8 35 Q) E >...Q 6 c. E Q) s:::: ::::> 4 >< 3.5 en C'S 25 U> 2 2 : Fiscal Year Ending Continuing high unemployment is the biggest threat to the budget estimate. 21

22 u.s. Retail Sales %Change from Same Period Year Ago U.S. Retail Sales in $ Billions... CJ... 6% 4% 2% ;:.. -2% E g Q) 1 r:: CJ..r::?fl. -4% -6% -8% -1% ffi * % r::.o... >.r::- 1. nl Q) nl a.cj :::..:S : Q).., u. :a: <( :a:.., <( en... > ""'.9 z g c CJ Q) w a.>-r::-s CJ : : 1.8 Q)... > -,u.:a!:<(:a:-, <(cn z r::.o =... CO C.O 5_>-C'S 1...., >a> (1JQ)""'<(nl:::...,:::Q).., u. :a:.., <( (/) 8 z g c c r::.... CJ Q) CJ..., u. 2 There is some encouragement from recent national retail sales. Nation-wide March sales are 7.1% above March 29, but still4.4% below the November 27 pre-recession peak. So far, the national numbers have not been tracking in California

23 Comparison of State and City Sales Tax Receipts Month Moving Sum m j State Dept. of Finance (Left Scale) - City Tax Receipts (Right Scale) 1/) s::::: 4 :: ::!: Fiscal Year Ending City receipts are several months behind state receipts, but state receipts show signs of stabilizing. 23

24 Change in City Sales Tax Allocation by Quarter... 9% 1 ll 6%... Q) >. ;::: 3% D. %... Q) ':: ll :::l Q) -3% -6% E -9% ll (/) E -12% e '; -15% Cl ; -18%.J::. -21% -i u Actual Citywide Taxable Sales ex 29-1 Budget % % r-. r-. r-. r-. co co co co ) ) ) ) z D. z D. z D. z ::::> ::::>.., w w ::::> w w ::::> w w en.., en.., en.., Quarter Ending c.. w w en The City's fiscal year sales tax revenue (July-June) is based on taxable sales between April and March. Actual 29-1 results were down 2% in the first taxable sales quarter (April-June 29); down 16% in the summer quarter; but 'only' down 6% in the Christmas Quarter. Even with average projected 5% growth in 21-11, cash receipts will be nearly 13% below the 27-8 level. 24

25 Property Tax Change in Assessed Value Actual AV for City of LA Assessor Est. for Countywide AV 16% l.. ctl E.:: QJ C) 1: ctl.t:. '*' 14% 12% 1% 8% 6% 4% 2% % -2% r---;e N... ui cri -... cri l ,.: rdl 1]f...-;; 11' N = ll. 1-1 ui.-- Sl cri..--!) ;:1 g;,.; "$. N - -4% % Ending City Fiscal Year 25

26 City Hotel Tax Receipts Month Moving Sum 15 r/) s::::: !\ :E cho of 9-11 ut, ' 9 ' _, 7 ' :vr One-time $1 8 million acceleration of tax collection r--r--r---r Fiscal Year Ending Hotel tax declined 8.2% in 28-9 and, even with some improvement in recent months, will still decline another 12.7% in The projected 3% growth in would produce $26 million less revenue than was received in

27 - - Documentary Transfer Tax 12-Month Moving Sum , ,----, r r -, _ 175 -' l r , r - ' 15 9o 75 5 _,_.j Fiscal Year Ending Year-over-year revenue has been rising for the last four months. * Data prior to August 1991 adjusted for tax rate change. 27

City of Los Angeles Community Budget Day

City of Los Angeles Community Budget Day City of Los Angeles Community Budget Day City Budget Update Presented by Ben Ceja Assistant CAO October 26, 2013 Executive Summary The City has entered a new period of growth and fiscal balance. Fiscal

More information

Three Year Plan Report

Three Year Plan Report Three Year Plan Report Presented by: Miguel A. Santana City Administrative Officer to the: Budget and Finance Committee April 13, 2015 WHERE HAVE WE BEEN? April 7, 2010 MOODY'S DOWNGRADES CITY OF LOS ANGELES

More information

Airports $ 5, ,889 Harbor $ 1, Water and Power $ 8, ,015 Total $ 14, ,903

Airports $ 5, ,889 Harbor $ 1, Water and Power $ 8, ,015 Total $ 14, ,903 Photo: Tom LaBonge Photo: Tom LaBonge City of Los Angeles 2016-17 Budget Overview City Administrative Officer July 30, 2016 Summary: 2016 17 Budget Budget at a Glance At a Glance TOTAL 2016 17 CITY GOVERNMENT

More information

SUPPLEMENT TO THE PROPOSED BUDGET REVENUE OUTLOOK AS PRESENTED BY MAYOR ANTONIO R. VILLARAIGOSA

SUPPLEMENT TO THE PROPOSED BUDGET REVENUE OUTLOOK AS PRESENTED BY MAYOR ANTONIO R. VILLARAIGOSA SUPPLEMENT TO THE PROPOSED BUDGET REVENUE OUTLOOK AS PRESENTED BY MAYOR ANTONIO R. VILLARAIGOSA CITY OF LOS ANGELES Revenue Outlook Supplement to the 201314 Proposed Budget 2 0 1 3 1 4 Prepared by the

More information

City of Los Angeles Revenue Day. Pursuing a Balanced Approach Towards Fiscal Sustainability

City of Los Angeles Revenue Day. Pursuing a Balanced Approach Towards Fiscal Sustainability City of Los Angeles Revenue Day Pursuing a Balanced Approach Towards Fiscal Sustainability Presented by Miguel Santana City Administrative Officer h ~cy- August 10, 2011 Executive Summary 0 Our structural

More information

CITY OF LOS ANGELES FISCAL YEAR BUDGET

CITY OF LOS ANGELES FISCAL YEAR BUDGET CITY OF LOS ANGELES FISCAL YEAR 201516 BUDGET SUPPLEMENT TO THE PROPOSED BUDGET REVENUE OUTLOOK AS PRESENTED BY MAYOR ERIC GARCETTI Back to Basics: A City That Works CITY OF LOS ANGELES Revenue Outlook

More information

CITY OF LOS ANGELES. Revenue Outlook. Supplement to the Proposed Budg et Prepared by the City Administrative Officer - April 2016

CITY OF LOS ANGELES. Revenue Outlook. Supplement to the Proposed Budg et Prepared by the City Administrative Officer - April 2016 CITY OF LOS ANGELES Revenue Outlook Supplement to the 201617 Proposed Budg et 20161 7 Prepared by the City Administrative Officer April 2016 TABLE OF CONTENTS Section 1 OVERVIEW Preface 1 Revenue Summary

More information

o Addressing major drivers of future deficits

o Addressing major drivers of future deficits have we Since 2009, the City has addressed a collective $1 IIi techniques and Long-Term inancial Planni ns. " iscal iscal irst Aid: 0 Evaluated overtime use o Improved billing and collections procedures

More information

March 1, Honorable Eric Garcetti, Mayor SUBJECT: FINANCIAL FORECAST REPORT MARCH 1, 2016

March 1, Honorable Eric Garcetti, Mayor SUBJECT: FINANCIAL FORECAST REPORT MARCH 1, 2016 March 1, 2016 Honorable Eric Garcetti, Mayor SUBJECT: FINANCIAL FORECAST REPORT MARCH 1, 2016 In accordance with City Charter Section 311(c), I am submitting my revenue forecasts for fiscal years 2015-16

More information

Fiscal Year BUDGET SUMMARY. Moving Towards a Sustainable Future. As Presented by Mayor Antonio R. Villaraigosa

Fiscal Year BUDGET SUMMARY. Moving Towards a Sustainable Future. As Presented by Mayor Antonio R. Villaraigosa Fiscal Year 2011 12 BUDGET SUMMARY Moving Towards a Sustainable Future. As Presented by Mayor Antonio R. Villaraigosa Moving Towards a Sustainable Future. City of Los Angeles Budget Summary Fiscal Year

More information

OVERVIEW. Miguel A. Santana City Administrative Officer Proposed Budget April 27, 2016 OF THE PROPOSED BUDGET

OVERVIEW. Miguel A. Santana City Administrative Officer Proposed Budget April 27, 2016 OF THE PROPOSED BUDGET OVERVIEW OF THE 2016-17 PROPOSED BUDGET Miguel A. Santana City Administrative Officer BUDGET SUMMARY is financially sound, maintaining core services while meeting City leaders commitment to fund the Homelessness

More information

Credit Presentation of the City of Los Angeles Richard H. Llewellyn Jr., City Administrative Officer

Credit Presentation of the City of Los Angeles Richard H. Llewellyn Jr., City Administrative Officer Credit Presentation of the City of Los Angeles Richard H. Llewellyn Jr., City Administrative Officer Presentation by Ben Ceja, Assistant City Administrative Officer March 19, 2018 Disclaimer This Investors

More information

CITY OF LOS ANGELES. Richard H. Llewellyn, Jr. CALIFORNIA ASSISTANT CITY ADMINISTRATIVE OFFICERS ERIC GARCETTI MAYOR.

CITY OF LOS ANGELES. Richard H. Llewellyn, Jr. CALIFORNIA ASSISTANT CITY ADMINISTRATIVE OFFICERS ERIC GARCETTI MAYOR. CITY OF LOS ANGELES Richard H. Llewellyn, Jr. CALIFORNIA ASSISTANT CITY ADMINISTRATIVE OFFICERS CITY ADMINISTRATIVE OFFICER PATRICIA J. HUBER BEN CEJA YOLANDA CHAVEZ ERIC GARCETTI MAYOR April 19, 2018

More information

INTRODUCTION ELECTED AND FISCAL MUNICIPAL OFFICERS

INTRODUCTION ELECTED AND FISCAL MUNICIPAL OFFICERS INTRODUCTION The Budget Summary provides a ready reference and summary of the City s annual budget. This booklet includes information about City revenues and appropriations, state and federal assistance,

More information

Ron Galperin. Controller

Ron Galperin. Controller Ron Galperin Controller April 23, 2015 Budget and Finance Committee c/o City Clerk Room 395, City Hall Dear Honorable Members: SUBJECT: RESERVE FUND LOANS Attached are the Reserve Fund Statement of Condition

More information

Fiscal Year Proposed Budget

Fiscal Year Proposed Budget Mayor Antonio R. Villaraigosa Fiscal Year 2011-12 Proposed Budget Budget and Financial Policy Team WHAT HAVE WE ALREADY IMPLEMENTED? Workforce Reductions ERIP (2,400), Layoffs (473) and Transfers (618)

More information

PROPOSED BUDGET

PROPOSED BUDGET OVERVIEW OF THE 2018-19 PROPOSED BUDGET Richard H. Llewellyn, Jr. City Administrative Officer SUMMARY Budget Overview Revenues: Levels and Concerns Expenditures: Staffing, Pensions, and Concerns Financial

More information

2. Adopt the following factors to be used to calculate the appropriations limit for :

2. Adopt the following factors to be used to calculate the appropriations limit for : FORM GEN. 160 CITY OF LOS ANGELES INTER-DEPARTMENTAL CORRESPONDENCE 0590-00098-5138 Date: July 19, 2018 To: The Council From: Richard H. Llewellyn Jr., City Administrativ Subject: 2018-19 APPROPRIATION

More information

OVERVIEW PROPOSED BUDGET. Richard H. Llewellyn, Jr. Interim City Administrative Officer Proposed Budget April 26, 2017 OF THE

OVERVIEW PROPOSED BUDGET. Richard H. Llewellyn, Jr. Interim City Administrative Officer Proposed Budget April 26, 2017 OF THE OVERVIEW OF THE 2017-18 PROPOSED BUDGET Richard H. Llewellyn, Jr. Interim City Administrative Officer SUMMARY Budget Overview Financial Policy Compliance Expenditures: Key investments and concerns Revenues:

More information

Economic Analysis & Revenue Assumptions

Economic Analysis & Revenue Assumptions 2008-2009 Adopted Budget 2009-2010 Budget Plan Economic Analysis & Revenue Assumptions Overall Economic Conditions The assumptions used in preparing the FY2008-09 revenue budget and the FY2009-10 revenue

More information

CITY OF LOS ANGELES CALIFORNIA ANTONIO R. VILLARAIGOSA MAYOR. April 20, 2012

CITY OF LOS ANGELES CALIFORNIA ANTONIO R. VILLARAIGOSA MAYOR. April 20, 2012 CITY OF LOS ANGELES MIGUEL A. SANTANA CITY ADMINISTRATIVE OFFICER CALIFORNIA ASSISTANT CITY ADMINISTRATIVE OFFICERS' RAYMOND P. CIRANNA PATRICIA J. HUBER ANTONIO R. VILLARAIGOSA MAYOR April 20, 2012 Honorable

More information

PiKed //FL_ THE PERSONNEL DEPARTMENT REPORT FROM. TO: The Honorable Mayor and The Honorable Members of City Council

PiKed //FL_ THE PERSONNEL DEPARTMENT REPORT FROM. TO: The Honorable Mayor and The Honorable Members of City Council REPORT FROM THE PERSONNEL DEPARTMENT TO: The Honorable Mayor and The Honorable Members of City Council REFERENCE DATE Februa 21, 2013 COUNCIL FILE 12-0230 RECOMMENDATION: Receive and file.' DISCUSSION:

More information

Comprehensive Annual Financial Report

Comprehensive Annual Financial Report CALIFORNIA Comprehensive Annual Financial Report FOR THE FISCAL YEAR ENDED JUNE 30, 2008 OFFICE OF THE CONTROLLER Laura N. Chick, City Controller City of Los Angeles California Comprehensive Annual Financial

More information

Amend Recommendation No. 3 of the Mid-Year Financial Status Report to reflect Revised Attachment 5.

Amend Recommendation No. 3 of the Mid-Year Financial Status Report to reflect Revised Attachment 5. Mid-Year FSR Amendments Amend Recommendation No. 3 of the Mid-Year Financial Status Report to reflect Revised Attachment 5. Transfer 39,990,147.72 between accounts within various departments and funds

More information

City of Los Angeles. Community Financial

City of Los Angeles. Community Financial City of Los Angeles Community Financial Report Summary of the Fiscal Year 214 Comprehensive Annual Financial Report @RonGalperin www.controller.lacity.org Fellow Angelenos: March 31, 215 As City Controller,

More information

PENSION REFORM: LACERS TIER II. Presented by Miguel A. Santana City Administrative Officer City of Los Angeles September 25, 2012

PENSION REFORM: LACERS TIER II. Presented by Miguel A. Santana City Administrative Officer City of Los Angeles September 25, 2012 PENSION REFORM: LACERS TIER II Presented by Miguel A. Santana City Administrative Officer City of Los Angeles September 25, 2012 City Goals Sustainable Pension Plan Reduce City s Mid and Long Term Budgetary

More information

Economic and Fiscal Update. Ben Rosenfield, Controller Ted Egan, Ph.D., Chief Economist City and County of San Francisco January 23, 2018

Economic and Fiscal Update. Ben Rosenfield, Controller Ted Egan, Ph.D., Chief Economist City and County of San Francisco January 23, 2018 Economic and Fiscal Update Ben Rosenfield, Controller Ted Egan, Ph.D., Chief Economist City and County of San Francisco January 23, 2018 San Francisco Unemployment Rate Continues to Find New Lows Now Down

More information

City Administrative Officer. Los Angeles Zoo ALTERNATIVE MANAGEMENT STRUCTURE

City Administrative Officer. Los Angeles Zoo ALTERNATIVE MANAGEMENT STRUCTURE Los Angeles Zoo ALTERNATIVE MANAGEMENT STRUCTURE May 2011 City of Los Angeles Four-Year Budget Outlook Revenues Expenses 5,086 5,200 4,765 4,931-304 -311-249 -281 Millions 4,379 4,484 4,627 4,775 4,951

More information

Budget Introduction Proposed Budget

Budget Introduction Proposed Budget Budget Introduction Proposed Budget INTRO - 1 INTRO - 2 Summary of the Budget and Accounting Structure The City of Beverly Hills uses the same basis for budgeting as for accounting. Governmental fund financial

More information

City of Los Angeles Office of Finance

City of Los Angeles Office of Finance City of Los Angeles Office of Finance INVESTMENT REPORT February 28, 213 Antoinette Christovale City Treasurer Tom Juarez Chief Investment Officer 2 N. Spring Street Room 22, City Hall Los Angeles, CA

More information

The Honorable City Council of the City of Los Angeles Page 2

The Honorable City Council of the City of Los Angeles Page 2 The Honorable City of the City of Los Angeles Page 2 Paragraph No. 2 of the budget resolution requires that a determination be made pursuant to Charter Section 1022 for all new contracts listed in the

More information

Mil. jl U««1Z_ [ yv!xlg* H lt-a.\* 11. *. ^ d ' f. II II B i I. «*«* If ^ r~i i <i m I I Q bf?>5. '. t u MICHAEL N. FEUER CITY ATTORNEY REPORT RE:

Mil. jl U««1Z_ [ yv!xlg* H lt-a.\* 11. *. ^ d ' f. II II B i I. «*«* If ^ r~i i <i m I I Q bf?>5. '. t u MICHAEL N. FEUER CITY ATTORNEY REPORT RE: /,4 \* 'r 111m -'vj M If kl VI, Mil jl U««1Z_ [ yv!xlg* H lt-a.\* 11. *. ^ d ' f 5^ I 1 a II II B i I «*«* If ^ r~i i 5! S " '. t u I 1 ' ft o Mil m it, : ]' y :^" MICHAEL N. FEUER CITY

More information

Budget Summary. FY17 Total County Revenue Sources. Misc 1.1% Federal 5.2% Gen Prop Taxes 40.3% $2,037,947,949

Budget Summary. FY17 Total County Revenue Sources. Misc 1.1% Federal 5.2% Gen Prop Taxes 40.3% $2,037,947,949 Revenue vs. Expenditure Comparison The pie charts show the expenditure and revenue budgets for all Countywide funds. The detail for these charts is displayed in the Combined Statement of Projected Revenues,

More information

Next Year: begin Budget Season Prepare Departmental Goals, Performance Measures & Budget Requests

Next Year: begin Budget Season Prepare Departmental Goals, Performance Measures & Budget Requests May 7, 2013 May: Current Year: Mid-Year Budget Review/ Adjustments Next Year: begin Budget Season Prepare Departmental Goals, Performance Measures & Budget Requests June: Finance compiles preliminary

More information

TRANSMITTAL LETTER. July 1, 2014

TRANSMITTAL LETTER. July 1, 2014 TRANSMITTAL LETTER July 1, 2014 Prince William County Citizens: On behalf of the Prince William Board of County Supervisors, I am pleased to present the Prince William County FY 2015 Budget, including

More information

Budget Monitoring Report. Quarter Ending March 31, 2012

Budget Monitoring Report. Quarter Ending March 31, 2012 2011-2012 Budget Monitoring Report Quarter Ending March 31, 2012 CITY OF LA MESA PAGE 1 The Finance Department produces the quarterly Budget Monitoring Report using month-end financial information from

More information

REPORT OF THE CHIEF LEGISLATIVE ANALYST

REPORT OF THE CHIEF LEGISLATIVE ANALYST REPORT OF THE CHIEF LEGISLATIVE ANALYST April27, 2011 To: From: Honorable Members ofthe Budget and Finance Co, mittee Gerry F, Mille Chief Legis ati e Overview of the 2011-12 Proposed Budget As requested

More information

Miguel A. Santana, City Administrative Officer t{.~

Miguel A. Santana, City Administrative Officer t{.~ REPORT FROM OFFICE OF THE CITY ADMINISTRATIVE OFFICER Date: To: From: August20,2012 GAO File No. Council File No. 11-0600 Council District: All Antonio R. Villaraigosa, Mayor Herb J. Wesson, Council President

More information

Five Year Forecast FY 2014 THROUGH FY 2018

Five Year Forecast FY 2014 THROUGH FY 2018 Five Year Forecast FY 2014 THROUGH FY 2018 Purpose TO FORECAST THE OUTCOMES OF EXISTING LAWS, POLICIES, GUIDANCE, AND TRENDS TO EXPLORE WHAT THOSE OUTCOMES WILL LIKELY MEAN TO CITY/SCHOOL FINANCES TO PROVIDE

More information

CITY OF BURBANK FINANCIAL SERVICES DEPARTMENT STAFF REPORT

CITY OF BURBANK FINANCIAL SERVICES DEPARTMENT STAFF REPORT CITY OF BURBANK FINANCIAL SERVICES DEPARTMENT STAFF REPORT DATE: July 17, 2018 TO: FROM: Ron Davis, City Manager Cindy Giraldo, Financial Services Director SUBJECT: Burbank Infrastructure and Community

More information

CITY OF LOS ANGELES. Presented by: Miguel A. Santana City Administrative Officer

CITY OF LOS ANGELES. Presented by: Miguel A. Santana City Administrative Officer CITY OF LOS ANGELES Presented by: Miguel A. Santana City Administrative Officer March 31, 2016 Disclaimer This Investor Presentation is provided as of March 31, 2016 as part of the Los Angeles 3 rd Regional

More information

FINANCE DEPARTMENT Monthly Financial Report

FINANCE DEPARTMENT Monthly Financial Report CITY OF 31 San Jose CAPITAL OF SILICON VALLEY FINANCE DEPARTMENT Monthly Financial Report Financial Results for the Month Ended June 3, 218 Fiscal Year 217-218 ( UNAUDITED) Finance Department, City of

More information

March 1, Honorable Eric Garcetti, Mayor Honorable Members of the City Council City of Los Angeles, California SUBJECT: REVENUE FORECAST REPORT

March 1, Honorable Eric Garcetti, Mayor Honorable Members of the City Council City of Los Angeles, California SUBJECT: REVENUE FORECAST REPORT March 1, 2017 Honorable Eric Garcetti, Mayor Honorable Members of the City Council City of Los Angeles, California SUBJECT: REVENUE FORECAST REPORT In accordance with City Charter Section 311(c), I am

More information

City of Los Angeles 2017 Tax and Revenue Anticipation Notes Investor Presentation

City of Los Angeles 2017 Tax and Revenue Anticipation Notes Investor Presentation City of Los Angeles 2017 Tax and Revenue Anticipation Notes Investor Presentation June 9, 2017 Disclaimer The Investor Presentation you are about to view is provided as of June 9, 2017 for a proposed offering

More information

Expenditures & Revenue Summary by Category

Expenditures & Revenue Summary by Category Expenditures & Revenue Summary by Category Expenditure & Revenue Summary by Category 2011 2012 2013 $ Change Over Actual Forecast 2012 Expenditures by Category Salaries, Wages & Benefits 1,276,441 1,279,528

More information

Proposed Budget Supporting Information for the Budget and Finance Committee

Proposed Budget Supporting Information for the Budget and Finance Committee 2017-18 Proposed Budget Supporting Information for the Budget and Finance Committee CITY OF LOS ANGELES Richard H. Llewellyn, Jr. CALIFORNIA ASSISTANT INTERIM CITY ADMINISTRATIVE OFFICER CITY ADMINISTRATIVE

More information

Butte County Board of Supervisors Agenda Transmittal

Butte County Board of Supervisors Agenda Transmittal Butte County Board of Supervisors Agenda Transmittal Clerk of the Board Use Only Agenda Item: 4.08 Subject: Financial Report for the Third Quarter of Fiscal Year 2013-14 Department: Administration Meeting

More information

File No BUDGET AND FINANCE COMMITTEE REPORT relative to the First Financial Status Report (FSR) for Fiscal Year (FY)

File No BUDGET AND FINANCE COMMITTEE REPORT relative to the First Financial Status Report (FSR) for Fiscal Year (FY) File No. 17-0600-5113 BUDGET AND FINANCE COMMITTEE REPORT relative to the First Financial Status Report (FSR) for Fiscal Year (FY) 2017-18. Recommendations for Council action, SUBJECT TO THE APPROVAL OF

More information

FISCAL YEAR PROPOSED BUDGET PRESENTATION

FISCAL YEAR PROPOSED BUDGET PRESENTATION FISCAL YEAR 2017-18 PROPOSED BUDGET PRESENTATION Presenter: Greg Nyhoff, City Manager June 05, 2017 FY 2017-18 BUDGET WORKSHOP SCHEDULE June 05, 2017 Time Topic Lead 5:00 5:30 P.M. Welcome & Budget Overview

More information

RESOLUTION NO

RESOLUTION NO RESOLUTION NO. 8744-06 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GARDEN GROVE ESTABLISHING A SALARY PLAN FOR CERTAIN POSITIONS IN CENTRAL MANAGEMENT CLASSIFICATIONS AND EXEMPTING CENTRAL MANAGEMENT

More information

FISCAL YEAR 2019 July 9 th. FY2018 Budget Review Committee Adjustments. FY2019 Highlighted Other Funds Budget Summary

FISCAL YEAR 2019 July 9 th. FY2018 Budget Review Committee Adjustments. FY2019 Highlighted Other Funds Budget Summary BUDGET WORKSHOP FISCAL YEAR 2019 July 9 th AGENDA FY2018 Current Fiscal Year Budget FY2018 Budget Review Committee Adjustments FY2019 General Fund Budget Summary FY2019 Highlighted Other Funds Budget Summary

More information

Transitions. Population and Economic Trends For Northern Colorado

Transitions. Population and Economic Trends For Northern Colorado Transitions Population and Economic Trends For Northern Colorado EDCC 2017 Elizabeth Garner State Demography Office Colorado Department of Local Affairs Demography.dola.colorado.gov Transitions to Watch

More information

City of Richmond Multi-Year Budget Update. December 15, 2015

City of Richmond Multi-Year Budget Update. December 15, 2015 City of Richmond Multi-Year Budget Update December 15, 2015 Introduction The National Resource Network In 2011, the federal government announced Strong Cities, Strong Communities (SC2) to deliver solution-oriented

More information

8 MISCELLANEOUS REVENUE f.l. it lt SALES TAX 884, , , , ,200

8 MISCELLANEOUS REVENUE f.l. it lt SALES TAX 884, , , , ,200 it REVENUE FOR BUDGET 2016/2017 I ACCOUNT ACTUAL ACTUAL BUDGET ESTIMATED BUDGET It NUMBER 13/14 14/15 15/16 15/16 16/17 TAXES - 010 it 01011 REAL ESTATE TAXES 576,371 579,477 5,000 579,500 55,000 01021

More information

Supplement to the Proposed Budget Mayor Antonio R. Villaraigosa

Supplement to the Proposed Budget Mayor Antonio R. Villaraigosa CITY OF LOS ANGELES Supplement to the 200809 09 Proposed AS PRESENTED BY Mayor Antonio R. Villaraigosa i CITY OF LOS ANGELES Revenue Outlook Supplement to the 200809 Proposed 200809 Prepared by the City

More information

CITY OF MIAMI INTER-OFFICE MEMORANDUM. TO: Honorable Mayor and Members DATE: June 22, 2017 of the City Commission

CITY OF MIAMI INTER-OFFICE MEMORANDUM. TO: Honorable Mayor and Members DATE: June 22, 2017 of the City Commission INTER-OFFICE MEMORANDUM TO: Honorable Mayor and Members DATE: June 22, 2017 of the City Commission FROM: Christopher Rose, Director SUBJECT: FY 2016-17 End-of-Year Office of Management and Projections

More information

$180 $160 $140 $120 $100 $80 $60 $40 $20 $ Single Fam -New Apts -New

$180 $160 $140 $120 $100 $80 $60 $40 $20 $ Single Fam -New Apts -New 2012 REVENUE FORECAST Presented by Brian Henshaw September 26, 2011 1 Economic Conditions Housing starts Federal & State deficits Sovereign-debt crisis Bankruptcies Unemployment Stock Market volatility

More information

CITY OF OCEANSIDE FINANCIAL STATUS REPORT Fiscal Year Fourth Quarter Ending June 30, 2017

CITY OF OCEANSIDE FINANCIAL STATUS REPORT Fiscal Year Fourth Quarter Ending June 30, 2017 CITY OF OCEANSIDE FINANCIAL STATUS REPORT Fiscal Year 2016-17 Fourth Quarter Ending June 30, 2017 This report summarizes the activities of the major operating funds and is not meant to be inclusive of

More information

BOARD OF ESTIMATE & TAXATION MEETING ACTIONS FEBRUARY 13, 2006

BOARD OF ESTIMATE & TAXATION MEETING ACTIONS FEBRUARY 13, 2006 Board of Estimate and Taxation 02/13/2006 Minutes BOARD OF ESTIMATE & TAXATION MEETING ACTIONS FEBRUARY 13, 2006 ATTENDANCE: Mayor Richard Moccia; Fred Wilms, Chairman; Randall Avery; Michael Lyons; James

More information

State Budgets, Federal Deficit, Pensions and Jobs

State Budgets, Federal Deficit, Pensions and Jobs TOP 12 ISSUES WEBINAR SERIES State Budgets, Federal Deficit, Pensions and Jobs Presenters Todd Haggerty NCSL Fiscal Affairs Policy Associate Jeff Hurley NCSL State Federal Relations Policy Specialist Ron

More information

BUDGET AND FINANCE COMMITTEE

BUDGET AND FINANCE COMMITTEE CALLED BY THE COMMITTEE CHAIR BUDGET AND FINANCE COMMITTEE S P E C I A L M E E T I N G S SCHEDULE OF THE BUDGET AND FINANCE COMMITTEE CONSIDERATION OF THE MAYOR'S 2017-18 PROPOSED BUDGET CITY HALL - JOHN

More information

Budget Summary. FY2018 Total County Revenue Sources. Other Localities 2.8% Misc 0.7% Charges For Serv 13.2%

Budget Summary. FY2018 Total County Revenue Sources. Other Localities 2.8% Misc 0.7% Charges For Serv 13.2% Revenue vs. Expenditure Comparison The pie charts show the expenditure and revenue budgets for all Countywide funds. The detail for these charts is displayed in the Combined Statement of Projected Revenues,

More information

FY Budget Forecast. January 26, 2010

FY Budget Forecast. January 26, 2010 FY2011-2020 Budget Forecast January 26, 2010 Outline Forecast Document Economic Overview Fund Forecasts General Fund Forecast FY2011 Budget Strategy FY2011 Budget Process Next Steps 2 Forecast Document

More information

CITY OF LOS ANGELES, CALIFORNIA

CITY OF LOS ANGELES, CALIFORNIA COST ALLOCATIONPLAN37 FOR DEPARTMENT ADMINISTRATION AND SUPPORT, AND COMPENSATED TIME OFF INDEPENDENT AUDITOR'S REPORT FOR DEPARTMENT ADMINISTRATION AND SUPPORT, AND COMPENSATED TIME OFF TABLE OF CONTENTS

More information

Fiscal Year 2005 Adopted Budget

Fiscal Year 2005 Adopted Budget Fiscal Year 2005 Budget REVENUE SUMMARIES Revenue Summaries TAXABLE VERSUS GROSS VALUE EXEMPTIONS AT A GLANCE Ad valorem taxes are taxes levied against the assessed valuation of real and tangible persona

More information

City of Los Angeles. Preliminary Financial Report. Fiscal Year ended June 30, A Review of Reserve Fund Status and Select Financial Policies

City of Los Angeles. Preliminary Financial Report. Fiscal Year ended June 30, A Review of Reserve Fund Status and Select Financial Policies City of Los Angeles Preliminary Financial Report A Review of Reserve Fund Status and Select Financial Policies Fiscal Year ended June 30, 2014 controller.lacity.org TABLE OF CONTENTS SUMMARY... i DISCUSSION

More information

CITY OF LOS ANGELES. Detail of Department Programs. Supplement to the Proposed Budget. Volume I

CITY OF LOS ANGELES. Detail of Department Programs. Supplement to the Proposed Budget. Volume I CITY OF LOS ANGELES Detail of Department Programs Supplement to the 2015-16 Proposed Budget Volume I 2015-16 Prepared by the City Administrative Officer - April 2015 TABLE OF CONTENTS VOLUME I INTRODUCTION

More information

1st Quarter Revenue and Expenditures

1st Quarter Revenue and Expenditures 1st Quarter Revenue and Expenditures REPORTFY 2019 Published 11/15/2018 1st Quarter FY 2019 Revenues Section 2.09 of the Principles of Sound Financial Management requires quarterly updates to the Board

More information

Compensation Study Results October 29, 2015

Compensation Study Results October 29, 2015 EL PASO COUNTY COLORADO Compensation Study Results October 29, 2015 Nicola Sapp County Budget Officer Compensation Study For years El Paso County s compensation results have shown that El Paso County employees

More information

SABINE PARISH ASSESSOR MANY, LOUISIANA FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2004

SABINE PARISH ASSESSOR MANY, LOUISIANA FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2004 /d SABINE PARISH ASSESSOR MANY, LOUISIANA FINANCIAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2004 Under provisions of state law, this report is a public document, Acopy of the report has been submitted to

More information

PRINCE GEORGE S COUNTY FINANCIAL OVERVIEW

PRINCE GEORGE S COUNTY FINANCIAL OVERVIEW Presentation for the Prince George s County Council Winter Retreat PRINCE GEORGE S COUNTY FINANCIAL OVERVIEW January 7, 2019 Agenda Economic Outlook Long-Term Fiscal Outlook General Fund Outlook Capital

More information

City of Palm Coast 1 of 39. Agenda City Council

City of Palm Coast 1 of 39. Agenda City Council City of Palm Coast Agenda City Council City Hall 160 Lake Avenue Palm Coast, FL 32164 www.palmcoastgov.com Mayor Milissa Holland Vice Mayor Steven Nobile Council Member Robert G. Cuff Council Member Nick

More information

Budget Stabilization Plan Summary of Observations and Recommendations

Budget Stabilization Plan Summary of Observations and Recommendations To: From: Subject: Mr. Troy Butzlaff, City Administrator Cathy Standiford, Partner Budget Stabilization Plan Summary of Observations and Recommendations Date: December 18, 2013 This memorandum summarizes

More information

PUBLIC HEARING ON FISCAL YEAR BUDGET

PUBLIC HEARING ON FISCAL YEAR BUDGET PUBLIC HEARING ON FISCAL YEAR 2016-17 BUDGET Presenter: Greg Nyhoff, City Manager June 21, 2016 KEY MILESTONES TO DATE MILESTONES DATE Council and Executive team held a priority setting workshop October

More information

Current Fiscal Situation

Current Fiscal Situation Follow the Money Federation of Tax Administrators June 15, 2005 Scott Pattison Executive Director National Association of State Budget Officers 444 North Capitol Street, NW, Suite 642 Washington, DC 20001

More information

City of Los Altos, CA

City of Los Altos, CA City of Los Altos, CA 10-Year General Fund Forecast Presented by: Susan Stark Prepared by: Russ Branson PFM, Director 50 California Street, Suite 2300 San Francisco, CA 94111 Total Fund Balances Millions

More information

FISCAL YEAR BUDGET vs ACTUAL VARIANCE ANALYSIS QUARTER ENDING JUN 30, 2012

FISCAL YEAR BUDGET vs ACTUAL VARIANCE ANALYSIS QUARTER ENDING JUN 30, 2012 GENERAL FUND REVENUES 001.0000.311.010000 Ad Valorem Taxes 10 4,172,405 4,242,405 4,241,429 100.0% 001.0000.316.000100 Local Business Tax 10 180,000 180,000 42,518 23.6% Ad valorem tax revenues typically

More information

Economic Outlook 2013 Impact on California

Economic Outlook 2013 Impact on California The Fermanian Business & Economic Institute business & economics in action FBEI 2013 Economic Outlook 2013 Impact on California 29 th Annual San Diego Economic Roundtable January 25, 2013 Lynn Reaser,

More information

TOWN MANAGER RECOMMENDED FY 19 BUDGET PRESENTATION TO BOARD OF SELECTMEN. January 25, 2018

TOWN MANAGER RECOMMENDED FY 19 BUDGET PRESENTATION TO BOARD OF SELECTMEN. January 25, 2018 TOWN MANAGER RECOMMENDED FY 19 BUDGET PRESENTATION TO BOARD OF SELECTMEN January 25, 2018 1 FY 19 Budget Overview Selectmen Budget Instructions = Level-Service Budget = 2.50% No New Positions, No New Funding

More information

Budget Initial Public Forum FY16-17 February 22, Town of Chapel Hill 405 Martin Luther King Jr. Blvd.

Budget Initial Public Forum FY16-17 February 22, Town of Chapel Hill 405 Martin Luther King Jr. Blvd. Budget Initial Public Forum FY16-17 February 22, 2016 Agenda Forum Topics Budget Process Budget Status Forum Topics Budget Process Budget Status Purpose of the Public Forum present background information

More information

GENERAL FUND REVENUES A 1,980,591 GENERAL EXPENSES 2,250,851 GENERAL FUND PART TOWN REVENUES B 2,526,718 GENERAL FUND PART TOWN EXPENSES 2,627,295

GENERAL FUND REVENUES A 1,980,591 GENERAL EXPENSES 2,250,851 GENERAL FUND PART TOWN REVENUES B 2,526,718 GENERAL FUND PART TOWN EXPENSES 2,627,295 REVENUES AND S GENERAL FUND REVENUES A 1,980,591 GENERAL S 2,250,851 (270,260) GENERAL FUND PART TOWN REVENUES B 2,526,718 GENERAL FUND PART TOWN S 2,627,295 (100,577) HIGHWAY REVENUES DB 2,983,249 HIGHWAY

More information

FY 2014/15 FIRST QUARTER BUDGET REVIEW

FY 2014/15 FIRST QUARTER BUDGET REVIEW FY 2014/15 FIRST QUARTER BUDGET REVIEW Fiscal Year 2014/15 - First Qtr. Budget Review Schedule October 28, 2014 FY14/15 First Quarter Review February 2015 FY14/15 Midyear Review FY14/15 Third Quarter Review

More information

Quarterly Financial Report 3rd Quarter Ending March 31, 2018

Quarterly Financial Report 3rd Quarter Ending March 31, 2018 Quarterly Financial Report 3rd Quarter Ending March 31, 2018 OVERVIEW This financial report summarizes the City s financial position for the fiscal year through the third quarter ending March 31, 2018

More information

25 County Center Drive, Suite 200 T: Oroville, California F:

25 County Center Drive, Suite 200 T: Oroville, California F: Butte County Administration Paul Hahn, Chief Administrative Officer 25 County Center Drive, Suite 200 T: 530.538.7631 Oroville, California 95965 F: 530.538.7120 buttecounty.net/administration Members of

More information

OFFICE OF THE CITY ADMINISTRATIVE

OFFICE OF THE CITY ADMINISTRATIVE REPORT FROM OFFICE OF THE CITY ADMINISTRATIVE OFFICER Date: December 12, 2013 CAO File No. Council File No. 13-0600 Council District: All To: Eric Garcetti, Mayor Herb J. Wesson, Council President Paul

More information

CITY OF LOS ALAMITOS 3191 Katella Ave. Los Alamitos, CA 90720

CITY OF LOS ALAMITOS 3191 Katella Ave. Los Alamitos, CA 90720 CITY OF LOS ALAMITOS 3191 Katella Ave. Los Alamitos, CA 90720 AGENDA CITY COUNCIL SPECIAL MEETING Monday, March 19, 2018 5:00 p.m. I, Troy D. Edgar, as Mayor of the City of Los Alamitos, do hereby call

More information

April 30, 2015 For the first seven months of FY , the General Fund has collected 78% of revenues, primarily due to property taxes. Expenditur

April 30, 2015 For the first seven months of FY , the General Fund has collected 78% of revenues, primarily due to property taxes. Expenditur April 30, 2015 For the first seven months of FY 2014-2015, the General Fund has collected 78% of revenues, primarily due to property taxes. Expenditures are 55% of budget. The Fire Department has spent

More information

2017 Budget Report November 2017

2017 Budget Report November 2017 EL PASO COUNTY COLORADO Budget Report November Sherri Cassidy Controller December 21, Presentation Overview 1. November Activity General Fund Unrestricted (within BoCC Discretion) 2. November Activity

More information

Community Budget Priorities FY

Community Budget Priorities FY Community Budget Priorities FY 2014-15 The City is seeking the community s input on priorities for the upcoming Fiscal Year. This presentation gives an overview of the City s budget, as well as the financial

More information

Commissioner Tony Ortiz and Commissioner Patty Sheehan arrived at the meeting.

Commissioner Tony Ortiz and Commissioner Patty Sheehan arrived at the meeting. Page 1 of 5 In attendance: Mayor Buddy Dyer Commissioner Jim Gray, District 1 Commissioner Tony Ortiz, District 2 (arrived at 10:07 a.m.) Commissioner Robert F. Stuart, District 3 Commissioner Patty Sheehan,

More information

Funding. Our Priorities LIVABLE NEIGHBORHOODS EFFICIENT GOVERNMENT IMPROVED MOBILITY ECONOMIC DEVELOPMENT AFFORDABLE HOUSING SAFER CITY

Funding. Our Priorities LIVABLE NEIGHBORHOODS EFFICIENT GOVERNMENT IMPROVED MOBILITY ECONOMIC DEVELOPMENT AFFORDABLE HOUSING SAFER CITY Fiscal Year 2004-05 City of Los Angeles BUDGET SUMMARY AS PROPOSED BY Mayor James K. Hahn LIVABLE NEIGHBORHOODS EFFICIENT GOVERNMENT IMPROVED MOBILITY SAFER CITY AFFORDABLE HOUSING ECONOMIC DEVELOPMENT

More information

1. Committed Balance - Funding approved as per FIN : Financial Reserves policy to be applied towards specific expenditures.

1. Committed Balance - Funding approved as per FIN : Financial Reserves policy to be applied towards specific expenditures. Policy Financial Reserves Policy Statement A Reserve Policy is a prudent business practice that will enhance Strathcona County's financial strength, flexibility, cash flow management, and ability to achieve

More information

CITY OF POMONA. Financial Update Community Meetings

CITY OF POMONA. Financial Update Community Meetings CITY OF POMONA Financial Update Community Meetings TONIGHTS PRESENTATION 1 Historical Outlook 2 2019 Operating Budget 3 UFI Recommendations 4 CIP Budget Millions POMONA S HISTORICAL OUTLOOK $110 General

More information

INFORMATION ITEMS December 31, 2014 For the first quarter of FY 2014-2015, the General Fund has collected 31% of revenues, primarily due to property taxes (42% collected through December). Expenditures

More information

MONEY MATTERS & MORE. The Town' s Budget: Past, Present and Prospective

MONEY MATTERS & MORE. The Town' s Budget: Past, Present and Prospective MONEY MATTERS & MORE The Town' s Budget: Past, Present and Prospective n Serves as a Financial Plan and Guide Reflects the Council Priorities and Strategic Goals m Establishes Funding Levels for Town Services

More information

EXHIBIT G 2016 Variance Budget. 39

EXHIBIT G 2016 Variance Budget.   39 With Comparative Actual Amounts for the Year Ended June 30, REVENUES Ad Valorem Taxes Current Year $85,240,413 85,240,413 86,625,224 1,384,811 79,091,212 Prior Years 150,000 150,000 600,917 450,917 709,202

More information

Town Board P.S. A ,648 17,147 16, ,490 17,490 17, % Town Board C.E. A ,104 1, ,200 1,200 1,

Town Board P.S. A ,648 17,147 16, ,490 17,490 17, % Town Board C.E. A ,104 1, ,200 1,200 1, ADOPTED YEARS MODIFIED 12 MOS TENATIVE INARY BUDGET CHANGE %CHANGE ACTUAL SEPT. 1 THRU 8/30 BUDGET BUDGET FROM FROM Appropriations ********GENERAL FUND********** General Government Town Board P.S. A1010.1

More information

FY 2019 Chairman s Proposed Budget Gwinnett County, Georgia

FY 2019 Chairman s Proposed Budget Gwinnett County, Georgia FY Chairman s Proposed FY Proposed General Fund - 001 Taxes 254,281,085 Licenses and Permits 363,300 Intergovernmental 3,789,369 Charges for Services 28,434,324 Fines and Forfeitures 3,669,246 Investment

More information

Expenditures. All Funds Expenditure Summary (Including Operating Transfer Out)

Expenditures. All Funds Expenditure Summary (Including Operating Transfer Out) The total FY18 all funds budget is $3.16 billion as shown below. This is an increase of 10.9% over the FY17 adopted total. A significant portion of the all funds budget increase is due to a $175 million

More information

Town of South Palm Beach Adopted Budget Fiscal Year

Town of South Palm Beach Adopted Budget Fiscal Year Adopted Budget Fiscal Year 2011 2012 Adopted General Fund Budget Summary FY2011 Actual FY2012 variance Budget @ 06/30/11 Adopted % dollar Revenues Ad Valorem Taxes $1,079,917 $1,045,228 $1,079,036 0.08%

More information