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2May 19 Summarized Draft Budget•19 on revenue-COVIDApril 21 Report to City Council with expected impact of •Department budget hearings in April•received via emailLive Community input
in March, with ongoing input •Budget Steps to Date:•included in the next version of the draft on June 16.Obtain additional direction from City Council, to be •direction provided by
City Council on May 19.Review entire detailed draft budget, including •Purpose
3 Budget adoption delayed to July 7.for more solutionsallow adoption toDelay budget .Fee increases to be proposed June 16revenueGenerate more fee with hiring freeze.time employees.
Updated draft budget -178 partoff -labor discussions in process. LaidPreliminaryagreementsLook to labor allocation in process.Agreement with County for CARES Act Ana.budget action
for CARES Act allocation to Santa FEMA application submitted. Monitoring state opportunitiesRevisit cost recoveryAction TakenCity Council Input Updates from May 19
4 CONTINUED lighting & irrigation, and zoo habitat.$3.4 million of additional funding for park & trail Draft CIP budget includes time spending.-Draft General Fund budget includes $5
million of for park amenitiesspending, especially time -Maximize oneoutreach.debris removal contract, and $75,000 for Draft budget includes $500,000 increase for homeless assistancedebris
removal and QOLT Additionalparking citywide for dining & retail operations.site -sidewalks and parking spaces and offuse of downtown Executive Order 5 allowsrecoveryleading to sales
tax assist local business, More flexibilityJuly.ready for Council review in Final analysis may beanalysisDeliver pension Action TakenCity Council Input Updates from May 19
5 CONTINUED Exhibit 4 lists all existing CIP appropriations.funded in prior yearsRevisit CIP projectsto improve business equability.amendments In process of developing proposedReformBusiness
License Included in the draft budget.Parking Plansenior services.Citywide draft budget includes $10.4 million forServicesPlan for SeniorIncluded in the draft budget.Parks Master PlanAction
TakenCity Council Input Updates from May 19
6 Draft budget will be adjusted to eliminate use of Operating Reserve General Fund Budget Status
General Fund
Draft Budget
Beginning Balance$ 67,784,132
Revenue 307,392,970
Expenditures (310,065,470)
Transfers Out for:
Debt Service (9,336,460)
Cannabis Public Benefit Fund (6,766,700)
SARTC Subsidy (1,100,000)
Civic Center Authority (1,179,400)
Ending Fund Balance$ 46,729,072
Operating Reserve (16.67% of Revenue) 51,242,408
Economic Uncertainty Reserve (minimum 1%) -
General Fund Balance Excess/(Shortfall) (4,513,336)
7million.maximum potential savings of $6 –Labor Concessions •City’s $19.5 million revenue loss.potential backfill for –Pending Phase 4 Federal Funding •allocation, and partially from
county.Sourced partially from state if budget adopted with a City •information).19 response (e.g. response planning, public safety, public -COVIDUp to $3.6 million through December
31 for staff time spent on •$1.9 million of admin leave.•Act funding may be available to pay for:CARES •The draft budget is not ready for adoption Potential Budget Mitigation
8 than October.Provide a quarterly update to City Council no later •Staff to carefully monitor on a monthly basis.•Adopt budget on July 7.•Public Hearing for proposed budget on June
16.•tonight, CARES Act funding, and other adjustments.Staff to update the draft budget with direction from •Next Steps