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G.8 Introdution of FY2021-22 Proposed Budget
2 3 2019-20 2019-20 2020-21 2020-21 2021-22 Adjusted Budget Actuals Adjusted Budget Year-End Projections Proposed Budget Property Tax $1,971,250 $2,052,014 $2,082,593 $2,257,080 $3,989,040 Residual Receipts -RPTTF $1,442,400 $1,911,591 $1,798,163 $1,483,046 $176,900 Proceeds from Sale of Property $0 $3,720 $0 $0 $1,798,700 Franchise Fees $534,790 $549,823 $445,000 $620,000 $620,000 Licenses, Fees & Permits $456,510 $389,162 $329,090 $362,330 $490,000 Sales Tax $785,400 $833,919 $750,000 $970,000 $988,000 Intergovernmental Revenue/Grants $26,500 $46,400 $20,000 $30,549 $31,220 Charges for Services $207,900 $132,506 $100,300 $125,311 $141,100 Fines & Forfeitures $72,500 $66,667 $70,000 $64,806 $66,300 Miscellaneous $15,148 $4,346 $0 ($5,004) $0 Use of Money & Property $62,000 $76,325 $67,500 $34,260 $34,660 Wastewater Receipts $318,349 $318,349 $318,349 $318,349 $318,349 Transfers In $84,450 $94,608 $0 $0 $0 Residual Receipts -Sr Ctr $0 $1,440 $0 $0 $0 Total Revenues $5,977,197 $6,480,870 $5,980,995 $6,260,727 $8,654,269 Property Tax , $3,989,040, 46.1% Proceeds from Sale of Property , $1,798,700, 20.8% Residual Receipts-RPTTF , $176,900, 2.0% Sales Tax , $988,000, 11.4% Franchise Fees , $620,000, 7.2% Licenses, Fees & Permits , $490,000, 5.7% Waste Water Receipts , $318,349, 3.7% Intergovt Revenue/Grants , $31,220, 0.4% Charges for Services , $141,100, 1.6% Use of Money & Property , $34,660, 0.4% Fines & Forfeitures , $66,300, 0.8% City of Grand Terrace 2021-22 General Fund Proposed Revenues 2019-20 2019-20 2020-21 2020-2021 2021-22 Adjusted Budget Actuals Adjusted Budget Year-End Projections Proposed Budget Salaries $1,255,331 $1,253,641 $1,094,006 $1,084,765 $1,552,512 Benefits $838,670 $824,206 $1,118,326 $965,636 $1,149,757 Materials & Supplies $224,017 $219,204 $190,956 $186,446 $224,770 Professional/Contractual Services $3,507,906 $3,417,731 $3,573,740 $3,618,510 $3,662,458 Equipment $7,750 $7,730 $0 $0 $0 Lease of Facility/Equipment $13,420 $13,392 $19,323 $17,514 $19,600 Utilities $136,700 $130,555 $143,858 $162,009 $176,448 Overhead Cost Allocation ($84,950)($54,056)($81,950)($81,950)($84,950) Capital Projects $167,077 $86,558 $213,419 $113,402 $0 Debt Service $26,800 $26,782 $0 $0 $0 Transfers Out $180,400 $180,377 $139,750 $113,300 $105,000 Total Expenditures $6,273,121 $6,106,120 $6,411,428 $6,179,632 $6,805,595 $1,552,512 $1,149,757 $224,770 $3,662,458 $19,600 $176,448 ($84,950) $105,000 Salaries Benefits Materials & Supplies Prof/Cont Services Lease of Equip Utilities Overhead Cost Alloc Transfers Out ($500,000)$500,000 $1,500,000 $2,500,000 $3,500,000 City of Grand Terrace 2021 -22 General Fund Proposed Expenditures 8 Healthy:Revenues exceed expenditures,continue to show growth,year over year,and the City maintains a 2-month reserves-rainy day fund Sustainable:Revenues exceeds expenditures (2-month reserves–rainy day fund) Vulnerable:Revenues exceed expenditures (less than the 2-month reserve–rainy day fund) Unsustainable/Insolvent:Revenues less than expenditures Healthy Sustainable Vulnerable Unsustainable/ Insolvent Rev $8.6M Exp $6.8M 20/21 21/2212/13 13/14 14/15 15/16 Rev $6.4M Exp $6.1M Rev $4.2M Exp $3.4M Rev $4.5M Exp $3.7M Rev $4.8M Exp $4.4M Rev $4.4M Exp $4.3M 16/17 Rev $5.2M Exp $5.2M 17/18 Rev $5.7M Exp $5.7M General Fund’s Long-Term Financial Performance 18/19 19/20 Rev $5.8M Exp $5.7M Rev $6.39M Exp $5.94M 10 Event Date Budget Introduction Tue., June 8th Budget Deliberations Tue.,June 15th Budget Adoption Tue., June 22rd