HomeMy WebLinkAboutFY 2018.19 Proposed BudgetPROPOSED
FY 2018/19 OPERATING & CAPITAL BUDGET
PROPOSED BUDGET PRESENTATION
•Saratoga’s Economic Outlook
•Operating Budget
•Capital Budget
PROPOSED
FY 2018/19 OPERATING & CAPITAL BUDGET
City of Saratoga Website:
•Government
•Departments
•Administrative Services
•Budget
Or
http://www.saratoga.ca.us/181/Budget
ECONOMIC OUTLOOKREVENUES
Trends
•Economy/Local Indicators
•Housing Market
•Development Revenues
Major Funding Sources
•Property Tax
•Other Taxes
•Development Revenue
GENERAL FUNDREVENUEGROWTH
ECONOMIC OUTLOOKEXPENDITURES
•Labor & UAL Costs
•Operational Increases
•Capital Projects
•Reserve Funding
GENERAL FUNDEXPENDITURE GROWTH
GENERAL FUNDNETOPERATIONS
GENERAL FUNDPROPOSEDBUDGET
OPERATING SOURCES
Revenues 22,296,576$
Environmental Reserve 50,000
Capital Project Reserve 1,270,000
TOTAL OPERATING SOURCES 23,616,576$
OPERATING USES
Expenditures 21,904,576$
Transfer to CIP 1,270,000
TOTAL OPERATING USES 23,174,576$
NET OPERATIONS 442,000$
FY 2018/19
GENERAL FUND NET OPERATIONS
TOTAL FUNDSSUMMARY BUDGET ACTIVITY
Estimated Revenues Expenditures Estimated
Fund Balance && Fund Balance
July 1, 2018 Transfers In Transfers Out June 30, 2019
Operating Funds
General Fund 12,156,866$ 22,296,576$ (23,174,576)$ 11,278,866$
Special Revenue Funds 1,315,626 697,451 (787,820) 1,225,257$
Internal Service Funds 3,003,531 2,931,362 (3,220,879) 2,714,014$
Debt Service Fund 1,032,062 755,000 (841,535) 945,527$
TOTAL OPERATING BUDGET 17,508,085$ 26,680,389$ (28,024,810)$ 16,163,664$
Capital Funds
Street Projects 2,549,151 8,970,224 (11,519,375) -
Park & Trail Projects 1,281,172 521,015 (1,794,766) 7,421
Facility Projects 186,699 440,000 (591,699) 35,000
Administrative Projects 765,605 255,000 (1,020,605) -
TOTAL CAPITAL BUDGET 4,782,627$ 10,186,239$ (14,926,445)$ 42,421$
TOTAL ALL FUNDS 22,290,712$ 36,866,628$ (42,951,255)$ 16,206,085$
SUMMARY BUDGET BY FUND CATEGORY
FY 2018/19
CAPITAL BUDGET
Capital Budget
By Program
Streets $11,519,376
Parks & Trails 1,794,767
Facility 591,698
Administrative & Technology 1,020,605
Total CIP Budget $14,926,446
CIP
BUDGETED
EXPENDITURES
CIP –STREET PROJECTS
Prospect Road Improvements
Funding: $7,297,329 from:
$5,281,000 from State BEP Grant
$1,026,825 from Gas Tax
$ 989,504 from CIP Reserve
Fruitvale/Allendale Intersection Improvements
Funding: $250,000 from CIP Reserve
CIP –PARK & TRAIL PROJECTS
Saratoga Village to Quarry Park Walkway
Funding: $150,000 from:
$100,000 from Park-in-Lieu
$50,000 from CIP Reserve
Quito/Pollard Open Space Improvements
Funding: $75,000 from Park-in-Lieu
CIP –PARK & TRAIL PROJECTS
Park & Trail Safety Improvements
Funding: $43,000 from Park-in-Lieu
CIP –FACILITY PROJECTS
Community Center Stage Renovation
Funding: $90,000 from Risk Management Funds
Senior Center Entrance Remodel
Funding: $50,000 from CIP Reserve
CIP –ADMINISTRATIVE PROJECTS
Accessibility Assessment
Funding: $75,000 from Risk Management Funds