HomeMy WebLinkAboutProposed Budget PresentationPROPOSED
FY 2017/18 OPERATING & CAPITAL BUDGET
May 17, 2017
PROPOSED BUDGET PRESENTATION
1 •Saratoga’s Economic Outlook
2 •Operating Budget
3 •Capital Budget
PROPOSED
FY 2017/18 OPERATING & CAPITAL BUDGET
Find online at:
City Hall
Finance & Administrative Services
Budget
or
http://www.saratoga.ca.us/
proposed_budget
ECONOMIC OUTLOOK
REVENUES
Trends
•Continued Strong Economy
•Stable Indicators
•Healthy Housing Market
•Development Revenues
Major Funding Sources
•Property Tax
•Other Taxes
•Development Fees
GENERAL FUND
REVENUE GROWTH
ECONOMIC OUTLOOK
EXPENDITURES
Funding Requirements
•Labor &UAL Costs
•Operational Increases
•Capital Projects
•Reserve Funding
Operational Changes
•Staffing
•Communication/Outreach
•Neighborhood Services
GENERAL FUND
EXPENDITURE GROWTH
GENERAL FUND
EXPENDITURE GROWTH W/O UAL
GENERAL FUND
NET OPERATIONS
GENERAL FUND
NET OPERATIONS W/O UAL
GENERAL FUND
PROPOSED BUDGET
OPERATING SOURCES
Revenues 20,737,773$
Environmental Reserve 50,000
Capital Project Reserve 1,530,000
TOTAL OPERATING SOURCES 22,317,773$
OPERATING USES
Expenditures 20,387,599$
Transfer to CIP 1,530,000
TOTAL OPERATING USES 21,917,599$
NET OPERATIONS 400,174$
FY 2017/18
GENERAL FUND NET OPERATIONS
TOTAL FUNDS
SUMMARY BUDGET ACTIVITY
Estimated Revenues Expenditures Estimated
Fund Balance && Fund Balance
July 1, 2017 Transfers In Transfers Out June 30, 2018
Operating Funds
General Fund 10,692,367$ 20,737,773$ (21,917,599)$ 9,512,541$
Special Revenue Funds 1,112,454 629,490 (706,807) 1,035,137$
Internal Service Funds 3,101,533 2,936,050 (3,281,148) 2,756,435$
Debt Service Fund 977,667 752,700 (843,560) 886,807$
TOTAL OPERATING BUDGET 15,884,021$ 25,056,013$ (26,749,114)$ 14,190,920$
Capital Funds
Street Projects 2,757,745 8,745,315 (11,503,061) -
Park & Trail Projects 1,034,308 877,265 (1,903,207) 8,366
Facility Projects 227,937 312,706 (505,642) 35,000
Administrative Projects 667,283 206,000 (873,282) -
TOTAL CAPITAL BUDGET 4,687,273$ 10,141,286$ (14,785,192)$ 43,366$
TOTAL ALL FUNDS 20,571,294$ 35,197,299$ (41,534,306)$ 14,234,286$
TOTAL FUNDS BUDGET ACTIVITY SUMMARY
FY 2017/18
CAPITAL BUDGET
CIP
BUDGETED
EXPENDITURES
CAPITAL BUDGET
BY PROGRAM
Streets $11,503,061
Parks & Trails 1,903,207
Facility 505,642
Administrative 873,282
Total CIP Budget $14,785,192
Annual Roadway Improvements
Funding: $1,961,000 from:
$675,000 from Gas Tax
$400,000 from Measure B -Sales Tax
$351,000 from Heavy Vehicle Impact Fee
$295,000 from CIP Reserve
$175,000 from State Transportation Package (SB1)
$ 65,000 from Measure B –VLF
Saratoga Village Crosswalk & Sidewalk
Rehabilitation
Funding: $382,000 from:
$332,000 from OBAG Grant
$ 44,000 from CIP Reserve
CIP –STREET PROJECTS
Annual Infrastructure Maintenance & Repairs
Funding: $200,000 from CIP Reserve
Annual Retaining Wall Maintenance & Repairs
Funding: $200,000 from CIP Reserve
CIP –STREET PROJECTS
Big Basin Way Turnaround -Design
Funding: $50,000 from CIP Reserve
Quito Road Sidewalk Improvements -Design
Funding: $50,000 from CIP Reserve
CIP –STREET PROJECTS
Saratoga-to-the-Sea Trail -Design
Funding: $465,000 from
$250,000 from CIP Reserve
$265,000 from Mid-Pen (pending)
Saratoga Village to Quarry Park Walkway -Design
Funding: $50,000 from CIP Reserve
CIP –PARKS & TRAILS PROJECTS
Saratoga-to-the-Sea Trail -Construction
Funding: $100,000 from CIP Reserve
Consolidate with Design CIP to create one project
Combined Funding of $350,000
Reimbursement Agreement with Mid Peninsula Open Space -$265,000
Hakone Gardens Koi Pond Improvements
Funding: $250,000 from:
$110,000 from Park In-lieu
$ 97,000 from Closed Hakone Gardens Projects
$ 43,000 from CIP Reserve
Pending Funding
$100,000 from Santa Clara County
FINANCE COMMITTEE’S
RECOMMENDED CHANGES