Item 13 - Fiscal Year 2023-2024 General Fund Results

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Fiscal Year 2023-2024 General Fund Results December 17, 2024 Page 3 reduction for Plan Check revenue, caused by an anticipated slowdown in the first half of the fiscal year. However, activity unexpectedly picked up late in the fiscal year. A $1 increase in zoo ticket prices, paired with an increase of program offerings, led to recreation related revenue surpassing budget by more than $0.8 million. Expenditures • The FY 23-24 non -departmental budget included $8.7 million for employee negotiations, consisting of an original set -aside of $6.4 million and an additional $2.3 million carried over from unspent FY 2022-23 funds. Of this total, $4.8 million was utilized to meet actual Memorandum of Understanding (MOU) requirements, and $1.3 million was used for budget rebalancing, as presented in the Third Quarter Report on June 4, 2024. This resulted in $2.6 million in budgetary savings within the non -departmental section. • The City Attorney's Office, Human Resources, and Finance had combined vacancy and contractual savings of $2.5 million. • The Fire Facilities Fund (Fund 120) absorbed nearly $0.6 million in deferred maintenance expenses for the City's fire stations, freeing up General Fund resources. • Community Development had both contractual savings and a remaining balance in the Resident's Vehicle Incentive Program which was phased out in FY23-24 totaling $0.8 million. Requested FY23-24 Appropriations Library While the Main Library is closed for renovations, the City offers an eLibrary service to patrons (Hoopla), including e-books, audio books, movies, and other digital content. The City's cost of Hoopla is based on usage, which has skyrocketed during library closure. Staff requests a one-time funding allocation of $40,000 to ensure the City can continue to provide Hoopla through April 2026, the scheduled re -opening date of the Main Library. In preparation for the library construction projects, the collections of materials have been organized and evaluated. Many books and other items were worn due to prolonged use and sun damage. In addition to ensuring the library has a sufficient collection on the shelves after construction is complete, staff needs a back -room inventory in anticipation of significant lending upon re -opening. Staff requests a one- time funding allocation of $375,000 to re -build the library's inventory of books and other lending materials. Building Maintenance The Building Maintenance Division budgets for routine operating expenses such as janitorial services, security, and daily maintenance. Recently, two unexpected expenses