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Fiscal Year 2021-22 Budget Workshop Session <br />May 18, 2021 <br />Page 5 <br />• Quantifiable future changes have been included. <br />o Revenue from the final jail module in FY22-23. <br />n Full revenue recovery from the pandemic in FY22-23. <br />o Payoff of Police Building Debt in 2024. <br />e Payoff of other minor debt obligations in 2025, 2026, and 2028. <br />C, Reduction of Measure X rate in 2029. <br />• Inflation applied to both recurring revenue and recurring expenditures, using the <br />California Department of Finance forecast for the Consumer Price Index. <br />Ten -Year General Fund Outlook <br />$600 <br />.s` <br />$460 <br />5444.8 <br />642o.1 <br />64323 8418.5 <br />6420 <br />$4090 <br />' ��i <br />8397.9 t,... <br />...03 <br />$376 5 <br />$409 8 <br />$380 <br />$364.1 <br />1 <br />6398.0 <br />6386.8 <br />_-..- <br />^.^. ,, ..... <br />$3512 <br />�"� <br />5375.8 <br />8365 3 <br />$340 <br />... <br />$355.0 <br />$340.9 <br />$300 <br />FY21-22 <br />FY22-23 <br />FY23-24 FY24-25 <br />FY25-26 FY26-27 FY27-28 <br />FY 28-29 <br />FY 29-30 FY 29-30 <br />-.4.. Revenue <br />-�-Expenditures & Transtere Out <br />In the short term, the City can continue to expect a small budget deficit of roughly 2-4% <br />annually. Actual revenues in excess of conservative estimates, an increased tax base <br />from new development, and spending less than the full amount of each adopted budget <br />could each contribute to offset the budget deficit. <br />Net Cost of City Jail <br />Based on questions from the City Council and the public, staff offers the following <br />information with regard to the net cost of the City's Jail. <br />/n milhaas <br />FY' 1-22 Draft <br />With RCVC11LW from Final <br />Aticr Debt is Paid Off <br />1311dgc[ <br />Jail Mudttle <br />City Council 24 — 5 5/18/2021 <br />