HomeMy WebLinkAboutFY 2019.20 Proposed BudgetPROPOSED
FY 2019/20 OPERATING & CAPITAL BUDGET
PROPOSED BUDGET PRESENTATION
•Financial Status Update
•Operating Budget
•Capital Budget
GENERAL FUND5 YEARS OF REVENUE GROWTH
GENERAL FUND5 YEARS OF EXPENDITURE GROWTH
GENERAL FUND5 YEARS OF NET OPERATIONS
GENERAL FUND
FY 2019/20 PROPOSED BUDGET
Revenues 22,950,869$
Use of Fund Balance
Environmental Reserve 50,000
Capital Project Reserve 2,620,000
Total Funding Sources 25,620,869$
Expenditures 22,704,845
Fund Balance Transfer Out
Capital Project Reserve - to CIP Funds 2,620,000
Total Funding Uses 25,324,845$
NET OPERATIONS 296,024$
FY 2019/20 NOTABLE CHANGES
•Structural Reorganization
•Transition of Recreation Services
•Position reallocations
•Community Engagement focus
•Engineering and Development support
•Administrative support
TOTAL FUNDS
SUMMARY BUDGET ACTIVITY
Estimated Revenues Expenditures Estimated
Fund Balance && Fund Balance
July 1, 2019 Transfers In Transfers Out June 30, 2020
Operating Funds
General Fund 13,942,302$ 22,950,869$ (25,324,845)$ 11,568,326$
Special Revenue Funds 1,465,386 753,387 (779,042) 1,439,731$
Internal Service Funds 3,431,106 2,981,362 (3,650,268) 2,762,200$
Debt Service Fund 1,235,100 886,000 (1,088,238) 1,032,862$
Agency Funds 745,712 988,827 (988,827) 745,712$
TOTAL OPERATING BUDGET 20,819,606$ 28,560,445$ (31,831,220)$ 17,548,831$
Capital Funds
Street Projects 3,077,480 3,487,685 (6,565,165) -$
Park & Trail Projects 472,935 2,625,000 (3,091,872) 6,063$
Facility Projects 718,797 755,790 (1,439,588) 35,000$
Admin & Tech Projects 329,440 205,000 (534,440) -$
TOTAL CAPITAL BUDGET 4,598,652$ 7,073,475$ (11,631,064)$ 41,063$
TOTAL ALL FUNDS 25,418,258$ 35,633,920$ (43,462,284)$ 17,589,894$
FY 2019/20
CAPITAL BUDGET/CAPITAL IMPROVEMENT
PLAN
Capital Budget
By Program
Streets $6,565,162
Parks & Trails 3,091,871
Facility 1,439,588
Administrative & Technology 534,440
Total CIP Budget $11,631,061
CIP
BUDGETED
EXPENDITURES
Annual Roadway Improvements
Funding: $2,287,685 from:
$586,000 from Measure B Sales Tax
$351,300 from Road/Refuse Impact Fees
$1,350,385 from Gas Tax/RMRA
CIP –FY 2019/20 HIGHLIGHTS
Quito/Pollard Open Space Improvements
Funding: $75,000 from Park-in-Lieu
CIP –FY 2019/20 HIGHLIGHTS
Saratoga -to-the-Sea Trail
Funding: $2,877,953 from:
$1,480,000 from CIP Reserve
$1,397,953 from Mid-Peninsula OSD Grant
Community Development Lobby Remodel
Funding: $315,000 from CIP Reserve
CIP –FY 2019/20 HIGHLIGHTS
Garden Patio Bocce Ball Court
Funding: $285,000 from CIP Reserve
Senior Center Entrances Remodel
Funding: $200,000 from CIP Reserve