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

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

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

PROPOSED BUDGET

Three Year Plan Report

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

Fiscal Year Proposed Budget

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

City of Los Angeles Community Budget Day

INTRODUCTION ELECTED AND FISCAL MUNICIPAL OFFICERS

Proposed Budget Supporting Information for the Budget and Finance Committee

INTRODUCTION ELECTED AND FISCAL MUNICIPAL OFFICERS

Budget Summary. Fiscal Year

City Council Meeting March 22, 2011

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

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

PUBLIC HEARING ON FISCAL YEAR BUDGET

TUT Presentation. City of Los Angeles City Administrative Officer

CITY OF LOS ANGELES FISCAL YEAR BUDGET

City of Oakland Budget Overview. December 4, 2014

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

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

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

Peer Jurisdiction Budget Comparison. City of Santa Cruz Council Ad-Hoc Budget Committee June 7, 2018


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

January 31, 2015 For the first four months of FY , the General Fund has collected 55% of revenues, primarily due to property taxes (75% colle

SUBJECT: JUNE BUDGET MESSAGE FOR DATE: June 8, 2016 FISCAL YEAR

Overview FY 2015/16 Proposed Budget Highlights Status of General Fund Reserves Discussion of Unfunded Liabilities FY 2015/16 State Budget Impacts

City of Los Angeles. Community Financial

City of Stockton Councilmember Budget Town Hall Meetings. April 2011

Be transparent and honest about the problem. Use a comprehensive approach for all funds

FINANCE DEPARTMENT Monthly Financial Report

FISCAL YEAR PROPOSED BUDGET PRESENTATION

How to Read the Budget

Budget Study Session. June 9, 2010

Buffalo Fiscal Stability Authority Summary of the City of Buffalo s 2018 First Quarter Report

General Fund Overview. General Fund Summary General Fund Revenues General Fund Expenditures

EXECUTIVE SUMMARY THE FY09 ADOPTED AND FY10 APPROVED TO THE FY08 AMENDED BUDGETS BALANCING SUMMARY

FY Annual Budget: Mobility Solutions, Infrastructure, & Sustainability

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

FY 2019 Chairman s Proposed Budget Gwinnett County, Georgia

FY Proposed Budget

AGENDA REPORT SUMMARY. Fiscal Year Operating Budget and Fiscal Year Capital Improvement Plan

CITY OF EAST POINT SUMMARY OF REVENUES & EXPENDITURES FOR THE PERIOD ENDING

Concord s Historic Beebe House

CITY OF EAST POINT SUMMARY OF REVENUES & EXPENDITURES FOR THE PERIOD ENDING

FY 2018 Budget Resolution Summary Gwinnett County, Georgia

FUND DESCRIPTIONS FY 2016 PROPOSED BUDGET SUMMARY

Concord s Historic Beebe House

Town of Orange Park, Florida. Annual Budget

MID-YEAR FISCAL REVIEW - FISCAL YEAR

Comprehensive Annual Financial Report

Supplement to the Proposed Budget Mayor Antonio R. Villaraigosa

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

FUND DESCRIPTIONS FY 2015 PROPOSED BUDGET SUMMARY

CITY OF PALM DESERT BUDGETARY COMPARISON SCHEDULE BY DEPARTMENT GENERAL FUND. For the year ended June 30, 2013

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

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

2019 Budget PROPOSED Budget & Finance Budget & Finance

FUND DESCRIPTIONS FY 2014 PROPOSED BUDGET SUMMARY

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

City of Williston Fiscal Year 2014/2015 Adopted Budget

ERIC GARCETTI MAYOR EXECUTIVE DIRECTIVE NO. 24. Issue Date: May 30, 2018

REPORT OF THE CHIEF LEGISLATIVE ANALYST

City of Geneva FY 19 Budget and FY 20 Budget Preview

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

General Fund FY2016 Final Budget

RECOMMENDED BUDGET HEARINGS FISCAL YEAR

FISCAL YEAR FINANCIAL REPORT Quarter Ended June 30, 2015

CAPITAL FUNDS 2015 Budget

City of Leesburg Fiscal Year 2017

Monthly Financial Report For July 2017

ji Manager Memorandum CITY OF DALLAS The Honorable Mayor and Members of the City Council Financial Forecast Report

Recommended Budget Hearings Fiscal Year

REPORT. Third Quarter Fiscal Year Prince William County, Virginia

Memorandum. First Quarter Budget Review - Amended City Manager's Annual Budget Report

City of Williston Fiscal Year 2017/2018 Adopted Budget

Quarterly Financial Report 3rd Quarter Ending March 31, 2018

EXHIBIT G Variance Budget. Positive Original Final Actual (Negative) Actual REVENUES

BUDGET MEMORANDUM. Here are my top expenditure priorities for the FY Budget in ranked order, as follows:

Budgeted Fund Structure

LeagueCi QuarterlyReport FY2012 4th QUARTER REPORT

Proposed Biennial Budget

STATEMENT OF REVENUES, EXPENDITURES AND FUND BALANCE GENERAL FUND City of Rolla Fiscal Year

Township of Haverford

GENERAL FUND REVENUES BY SOURCE

Citizen Engagement for FY Budget Development

Recommended by City Manager A.C. Gonzalez

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

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

Salt lake City. FISCAL YEAR Budget Summary

Funding Provided to Community Partners

FY 2011 Budget Workshop I October 26, 2010

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

SUMMARY OF SERVICES BY STRATEGIC PRIORITY

FUND DESCRIPTIONS FY 2019 PROPOSED BUDGET SUMMARY

GENERAL FUND REVENUES AND EXPENDITURES FY Through March % of Budget Year

2015 Preliminary Operating and Capital Budgets. March 3, 2015

Queen Creek Annual Budget Organizational Structure

Outcome-Based Budgeting Process

Transcription:

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 Strategy. Fully complies with financial policies Uses continued revenue growth prudently Addresses obligatory funding requirements Continues core services Presents $138 million for homelessness Keeps the City within reach of eliminating the structural deficit.

BUDGET SUMMARY TOTAL PROPOSED 2016 17 CITY GOVERNMENT Appropriations ($ Millions) Authorized Positions I.Proprietary Departments Airports $ 5,182.5 3,862 Harbor $ 1,154.7 999 Water and Power $ 8,325.2 10,014 Total $ 14,662.4 14,875 II.General City Budget General Fund $ 5,558.3 22,854 Special Funds $ 3,199.2 10,225 Total $ 8,757.6 33,079 * ** III.Grants and other Non Budgeted Funds Total $ 1,395.8 *Sworn staff represents 59 percent of General Fund positions. **Regular positions. Grand Total $ 24,815.8 47,954

BUDGET SUMMARY Budget ($ Millions) Authorized Positions Budget Component Adopted 2015-16 Proposed 2016-17 Percent Change Adopted 2015-16 Proposed 2016-17 Percent Change General Fund $ 5,410.4 $ 5,558.3 2.7% 22,572 22,854 1.2% Special Funds $ 3,172.2 $ 3,199.2 0.9% 10,004 10,225 2.2% Total $ 8,582.6 $ 8,757.6 2.0% 32,576 33,079 1.5%

BUDGET SUMMARY CITY GENERAL FUNDREVENUE $7,000 2016 17 Thousands $6,000 $5,000 $4,000 $3,000 Other Revenue ( 2.2%) Parking Users' Tax (2.4%) Documentary Transfer Tax (4.3%) Transient Occupancy Tax (7.0%) Sales Tax (3.0%) Business Tax ( 0.9%) Utility Users' Tax (1.0%) License, Permits, Fees, and Fines (1.9%) Property Tax (includes VLF) (6.5%) $111 million $247 million $648 million $200 million $520 million $502 million $634 million $2,000 $909 million $1,000 $1,788 million $0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Fiscal Year Ending

BUDGET SUMMARY 2016 17 BUDGET UNRESTRICTED REVENUES ($4.67 Billion out of $5.56 Billion Total General Fund) Police 54.2% Library 4.5% Recreation & Parks 5.6% Fire 17.1% Unrestricted Revenues are 53.3% of the City Budget. Restricted Revenues (46.7%) include Grants (except Police Dept.), Sewer, Solid Waste, and Gas Tax City Attorney 3.0% Other 7.4% Public Works Street Services Transportation Engineering Board Contract Admin. Capital Improvements Building & Safety Planning 8.2%

FINANCIAL POLICY COMPLIANCE $350 ADOPTED BUDGETRESERVE FUNDPOLICY 5.79% 5.80% 7.00% $300 5.53% 5.37% 5.53% 6.00% Millions $250 $200 $150 $100 2.06% 3.28% 3.12% 2.76% 3.07% 3.33% 4.55% 4.23% 4.23% 4.79% 4.04% 2.91% $218 $261 $284 $313 $322 5.00% 4.00% 3.00% 2.00% $50 1.00% $ 0.00% Reserve Fund Adopted Budget Level Balance as Percent of General Fund

FINANCIAL POLICY COMPLIANCE $500.0 $450.0 $400.0 $350.0 ADOPTED BUDGETRESERVES (Reserve Fund, Budget Stabilization Fund, and UB Reserves) 7.06% 7.19% 8.72% 7.68% 10.00% 9.00% 8.00% 7.00% Millions $300.0 $250.0 $200.0 4.23% 5.55% 3.22% 4.05% 4.98% 6.00% 5.00% 4.00% $150.0 3.00% $100.0 2.00% $50.0 1.00% $0.0 2008 09 2009 10 2010 11 2011 12 2012 13 2013 14 2014 15 2015 16 2016 17 Emergency Reserve Contingency Reserve (Proposed) Budget Stabilization Fund UB Reserves Total Percentage of General Fund 0.00%

FINANCIAL POLICY COMPLIANCE $200 $180 $160 $140 $120 $100 $80 $60 $40 $20 $53 ONE TIME REVENUES VS. ONE TIME EXPENDITURES POLICY (Proposed Budgets) $103 $18 $35 $66 $83 $146 $88 $181 $110 $156 $156 $118 $121 $ 2010 11 2011 12 2012 13 2013 14 2014 15 2015 16 2016 17 One Time Revenues One Time Expenditures

FINANCIAL POLICY COMPLIANCE CAPITAL AND INFRASTRUCTURE FUNDINGPOLICY (Investment as Percentage of General Fund Revenue) $100.0 $90.0 1.60% 1.80% 1.60% $80.0 1.38% 1.40% $70.0 1.20% Millions $60.0 $50.0 $40.0 1.13% 1.06% 1.07% 1.00% 0.80% $30.0 $20.0 $10.0 0.26% 0.54% 0.21% 0.15% 0.15% 0.15% 0.60% 0.40% 0.20% $ 2006 07 2007 08 2008 09 2009 10 2010 11 2011 12 2012 13 2013 14 2014 15 2015 16 2016 17 (Proposed) 0.00% Total GF Capital Investment 1% Spending Level

CORE SERVICES: SUMMARY Police Overtime Budget at $90 million Four firefighter hiring classes at $17.3 million 2,400 lane miles for street resurfacing $31 million for sidewalks Expansion of the Clean Streets Program by one additional team (Total of $8.8 million) Maintain funding for graffiti abatement ($8.0 million) and tree trimming ($7.5 million) $7.5 million for job programs for former gang members, pursuant to settlement 503 regular positions added Homelessness commitment of $138 million

CORE SERVICES: NEW POSITIONS NET NEW POSITIONS BY DEPARTMENT (Total New Positions: 503*) Sanitation, 85 Library, 49 Planning, 43 Fire, 95 Police, 40 Recreation and Parks, 18 Others, 12 Building and Safety, 149 Animal Services, 12 * Includes net new and regularized positions.

CORE SERVICES: HOMELESS STRATEGY HOMELESS BUDGET FUNDING SOURCES AMOUNT (MILLIONS) FUNDING CATEGORIES AMOUNT (MILLIONS) General Fund $64.8 Departmental Special Funds $6.4 Affordable Housing Linkage Fee $20.0 City Properties $47.0 Total $138.2 Capital $67.0 Alternate Housing $35.1 Services $24.6 Administrative Implementation $11.5 Total $138.2

CORE SERVICES: HOMELESS STRATEGY ANTICIPATED HOMELESS BUDGET PROGRAMMATIC OUTCOMES More than 2,500 Rapid Re housing rental vouchers Approximately 1,500 annual shelter beds, 190 additional winter shelter beds, 32 sobering beds, & more than 500 annual domestic violence shelter beds Enhanced CES regional infrastructure Three outreach coordination sites Up to six Open Door Resource Centers providing storage, showers, and services At least 40 low income and/or homeless seniors provided job training and placement 4,000 spay/neuter certificates for low income/homeless pet owners Provide comprehensive workforce development training and job placement for more than 400 low income/homeless individuals Enhanced cleaning at 35 park restroom facilities and expanded bathroom access for sites serving homeless individuals More than 600 units of accessible affordable and permanent supportive housing constructed Outreach to 2,200 encampments prior to Sanitation clean ups Provide six comprehensive and twelve spot cleanings as part of Operation Healthy Streets

THE STRUCTURAL DEFICIT $6,100 FOUR YEAR BUDGETOUTLOOK (Proposed 2016 17 Budget) $6,084 ($100.6) $6,182 ($25) $6,157 $5,900 $5,868 $5,983 Millions $5,700 $5,558 $5,693 ($93) ($85) $5,783 $5,600 $5,500 $5,558 $5,300 2016 17 2017 18 2018 19 2019 20 2020 21 Revenues Expenditures

THE STRUCTURAL DEFICIT IMPACT OF 0% PENSION INVESTMENT RETURN ASSUMPTION ON FOUR YEAR OUTLOOK $6,100 $103 Millions $5,900 ($25) ($4) $5,700 ($69) $5,500 2016 17 2017 18 2018 19 2019 20 2020 21 Revenues Expenditures (0% Pensions Investment Returns) Expenditures (7.5% Pensions Invetment Returns)

THE STRUCTURAL DEFICIT 50.00% LACERS ANDLAFPP CONTRIBUTION RATES** 45.00% 40.00% 35.00% 39.07% 39.94% 44.40% 47.94% 46.51% 44.54% 45.03% 44.16% 45.62% 45.13% 43.09% 30.00% 25.00% 20.00% 24.71% 24.14% 25.33% 26.56% 2011 12 2012 13 2013 14 2014 15 2015 16 2016 17 2017 18 (Projected) 28.75% 28.16% 28.20% 28.75% 29.25% 29.45% 29.75% 2018 19 (Projected) 2019 20 (Projected) 2020 21 (Projected) 2021 22 (Projected) LACERS* LAFPP *Includes Tier 1 only. **Projections are based on an analysis by an actuary commissioned by the CAO.

THE STRUCTURAL DEFICIT $ $(200.0) CUMULATIVE FOUR YEAR DEFICIT BY YEAR OF OUTLOOK (Fiscal Years Included in Outlook) FY 11 (2011 12 to 2014 15) FY 12 ( 2012 13 to 2015 16) FY 13 (2013 14 to 2016 17) FY 14 (2014 15 to 2017 18) FY 15 (2015 16 to 2018 19) FY 16 (2016 17 to 2019 20) $(37.0) FY 17 Proposed (2017 18 to 2020 21) $(400.0) $(600.0) $(353.3) $(405.0) $(303.9) Millions $(800.0) $(1,000.0) $(1,200.0) $(1,145.7) $(1,053.8) $(1,400.0) $(1,600.0) $(1,479.5)

BUDGET CONCERNS In addition to the continuing structural deficit, the Proposed 2016 17 Budget poses the following challenges: Ongoing litigation Liability claims funding Pending labor contracts Limited UB Reserve for Mid Year Adjustments Need for dedicated homelessness funding stream

BUDGET CONCERNS: LIABILITY CLAIMS LIABILITY CLAIMS BY ACCOUNT (Based on Five Year Average) 2016 17 Proposed Account Name Budget Fire Liability Payouts $ 2,250,000 General Services Liability Payouts $ 1,000,000 Police Liability Payouts $ 30,750,000 Public Works, Engineering Liability Payouts $ 1,100,000 Public Works, Sanitation Liability Payouts $ 8,750,000 Public Works, Street Services Liability Payouts $ 8,500,000 Recreation and Parks Liability Payouts $ 1,150,000 Transportation Liability Payouts $ 4,200,000 Miscellaneous Liability Payouts $ 10,750,000 Total $ 68,450,000 * GENERAL FUNDLIABILITY PAYOUTS (Five Year Average; Millions) Dangerous Conditions / Trip and Fall, $9.6, 18% Civil Rights / Excessive Use of Force, $12.7, 23% Various, $5.7, 11% Traffic Accident, $11.8, 22% Employmen t, $14.2, 26% * Includes $60 million General Fund and $8.45 million Special Funds