HomeMy WebLinkAboutPOWERPOINT - 19C FY 2018-19 First Quarter Update Exhibit 1EXHIBIT 1
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AGENDA
Adopted FY 2018-19 General Fund Budget
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Summary
FY 2018-19 General Fund First Quarter Revenue
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FY 2018-19 General Fund First Quarter
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Expenditures
Next Steps
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FY 2018-19 General Fund Budget Summary
ADOPTED FY 2018-19 GENERAL FUND BUDGET
$290.0
$10.2M BudgetGap
Millions
(balanced w/the use of Unassigned
$264.6M
Fund Balance)
$270.0
$254.4M
$250.0
$230.0
$210.0
$190.0
$170.0
$150.0
ADOPTED GF REVENUEADOPTED GF EXPENDITURES
FY 2018-19 Budget was approved by Council on 06/19/2018
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FY 2018-19 FIRST QUARTER
TOP SIX GF REVENUES
FY 18-19
FY 18-19
Revenue Source
July -Sept% Received
Adopted Budget
Actuals
Sales Tax
$47,904,702 $3,943,4228.2%
Property Tax
36,176,616673,7611.9%
Property Tax In-Lieu of VLF*
32,643,08500.0%
UUT
25,400,0004,611,71418.2%
Business License
12,000,000797,9366.7%
Hotel Visitors Tax
8,500,0001,806,58121.3%
Total Top Six GF Revenues
162,624,40311,833,4147.3%
*Property Tax in-Lieu of VLF revenue is received in January & May of the fiscal year (3 rd& 4 th Quarter)
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FY 2018-19 First Quarter
Total GF Revenues
Revenue Trends
FY 18-19
FY 18-19
Cumulative
Revenue SourceJuly -Sept% Received
Adopted Budget
Actuals
Jail Revenue
$16,048,750$2,271,83914.2%
Quarter 1
CommercialCannabis*
7,800,00000.0%
10%
Adult-Use Retail Cannabis
5,500,000712,03312.9%
Quarter 2
MedicalMarijuana Tax
2,260,000355,17615.7%32%
Plan Checks**
3,116,950588,50518.9%
Quarter 3
BuildingPermits
2,184,295533,58024.4%
63%
Electrical Permits
900,070310,97734.6%
Heating Permits
572,805207,29336.2%
Subtotal Other NotableRevenues
38,382,8704,979,40313.0%
Quarter 4
100%
Other General Fund Revenues
63,553,8118,691,41413.7%
Top Six GF Revenues
162,624,40311,833,4147.3%
Total Revenues
$264,561,084$25,504,2319.6%
*Includes Cultivation ($4.6M), Manufacturing ($2.4M), Distribution ($700K) & Testing ($80K)
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**Includes Building (2.5M), Electrical (256K), Plumbing (119.5K), & Mechanical (207K)
GF FIRST QUARTER EXPENDITURE
FY 18-19%
FY 18-19
Departmental ExpendituresJuly-SeptExpended
AdoptedBudget
Actuals
22.3%
City Manager
$2,703,450$603,476
Exp.
25.0%
Non-Dept. (PrimarilyIT Charges)
3,338,654836,136
Trends
21.4%
Transfers to Projects
12,306,5842,628,021
Cumulative
15.4%
Clerk of the Council
1,648,822253,567
Quarter 1
20.2%
City Attorney's Office
3,469,913700,650
24%
23.2%
Human Resources
1,766,698 410,544
Quarter 2
22.9%
Finance & Management Services Agency
6,022,314 1,376,647
50%
24.8%
Bowers Museum
1,476,130365,408
Quarter 3
22.8%
Parks and Recreation Services Agency
21,173,1784,824,096
73%
23.2%
Police Department
131,751,331 30,612,987
16,212,397
31.1%
Fire Department
52,129,291
(includes 1 mo.Advanced pmt.)
Quarter 4
22.3%
Planning & Building Agency
12,428,0732,771,120
100%
15.7%
Public Works Agency
8,166,5381,285,431
35.2%
Community Development Agency
980,107345,079*
0.0%
Youth Programs/CannabisEnforcement
5,200,0000
23.9%
TOTAL GENERAL FUND$ 264,561,084$ 63,225,558
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*Includes expenditures associated with the encumbrance of FY 17-18 funds for Greater Santa Ana Vitality
NEXT STEPS
Mid-Year & Other Updates
December 18, 2018 -Fiscal Year 2018-19 Carry Over
Requests
-2019-20 Budget Calendar: City
Council Meeting
February 5,2019 -City Council/EDIBT: Mid-Year
Budget Update
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