HomeMy WebLinkAboutProposed Budget PresentationMay 18, 2016
FY 2016/17 Proposed Operating & Capital Budget
May 18, 2016
Proposed Budget Presentation
Economic Outlook
Operating Budget
Capital Budget
FY 2016/17 Proposed
Operating & Capital Budget
Online at:
http ://www.saratoga.ca.us/cityhall/admin/budget/fy_2016_17_
proposed_budget.asp
Economic Outlook-Revenues
Trends
•Ongoing Robust Economy
•Stable Local Indications
•Healthy Housing Market
Major Funding Sources
•Property Tax
•Development Fees
Revenue Growth
Economic Outlook-Expenditures
Funding Requirements
•Labor &UAL Costs
•Operational Costs
•Capital Funding
•Reserve Funding
Organizational Changes
•Staffing
•Communication/Outreach
•Community Enhancement
Expenditure Growth
General Fund
Net Operations
General Fund
Net Operations w/o UAL
General Fund
Proposed Budget
Operating Sources
Revenues 20,232,526$
Environmental Reserve 50,000
Capital Project Reserve 1,410,648
Fiscal Stabilization Reserve Loan Repayment (250,000)
Total Operating Sources 21,443,174$
Operating Uses
Expenditures 19,705,984$
Transfer to CIP 1,410,648
Total Operating Uses 21,116,632$
Net Operations 326,542$
General Fund Net Operations
Proposed Budget
FY 2016/17
Total Budget Activity
Estimated Revenues Expenditures Estimated
Fund Balance && Fund Balance
July 1, 2016 Transfers In Transfers Out June 30, 2017
Operating Funds
General Fund 9,966,201$ 20,232,526$ (21,116,632)$ 9,082,095$
Special Revenue Funds 1,031,914 625,011 (700,239) 956,686
Internal Service Funds 2,506,465 2,819,477 (3,056,243) 2,269,699
Debt Service Fund 867,890 801,300 (847,960) 821,230
TOTAL OPERATING BUDGET 14,372,470$ 24,478,314$ (25,721,074)$ 13,129,710$
Capital Funds
Street Projects 1,431,297 8,733,312 (10,164,609) -$
Park & Trail Projects 943,750 555,765 (1,475,250) 24,266
Facility Projects 173,052 383,320 (521,371) 35,000
Administrative Projects 663,163 300,160 (963,323) -
TOTAL CAPITAL BUDGET 3,211,262$ 9,972,557$ (13,124,553)$ 59,266$
TOTAL ALL FUNDS 17,583,732$ 34,450,871$ (38,845,627)$ 13,188,976$
Total Budget Activity Summary
FY 2016/17
Capital Budget
CIP
Budgeted
Expenditures
Capital Budget by Program
Streets $10,164,610
Parks & Trails 1,475,250
Facility 521,370
Administrative 966,856
Total CIP Budget $13,128,087
Annual Roadway Improvements
$1,538,000 Funding:
$637,000 from Gas Tax
$351,300 from Heavy Vehicle Impact Fee
$550,000 from CIP Reserve
Annual Infrastructure Maintenance and Repairs
Funding: $200,000 annually from CIP Reserve
CIP –Street Projects
El Quito Park “Magical Bridge” Playground
Funding: $160,000 from Park In-lieu
Quarry Park ADA Access
Funding: $25,000 from CIP Reserve
CIP –Park & Trail Projects
Community Center/Senior Center Electrical
Panel Upgrade
Funding: $120,000 from CIP Reserve
Senior Center Restroom ADA Upgrades
Funding: $90,000 from CIP Reserve
CIP –Facility Projects
Citywide Transportation Needs Assessment
Funding: $40,000 from Council Discretionary
CIP –Administrative Projects