HomeMy WebLinkAboutG.14 - Introduction of FY2026-27 Proposed BudgetCity of
Grand Terrace
Proposed Budget
Fiscal Year 2026-27
May 26, 2026
2030 Vision & Goals
Insure Our Fiscal Solvency
Maintain Public Safety
Promote Economic
Development
Develop and Implement
Successful Partnerships
Engage In Proactive
Communications 2
City of Grand Terrace
The General Fund Revenues are projected to be $10,132,700 and expenditures are
$10,130,887 with a projected surplus of $1,813.
Sales Tax projections by HdL are projected to be $1,350,000.
Property Tax projections as provided by the City’s property tax consultant Hdl
Coren & Cone are $4,145,000.
Property Tax VLF Swap revenues are projected to be $2,370,000.
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General Fund
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General Fund Revenues
2024-25 2024-25 2025-26 2025-26 2026-27
Adjusted
Budget
Actuals Adjusted
Budget
Year-End
Projections
Proposed
Budget
Property Tax $4,910,000 $5,187,316 $5,190,000 $6,478,224 $6,515,000
Residual Receipts - RPTTF $0 $0 $0 $0 $0
Proceeds from Sale of Property $0 $1,325 $0 $0 $0
Franchise Fees $675,000 $737,287 $675,000 $708,466 $710,000
Licenses, Fees & Permits $658,770 $606,030 $505,320 $470,509 $665,300
Sales Tax $1,360,000 $1,365,441 $1,600,000 $1,372,682 $1,350,000
Intergovernmental Revenue/Grants $58,500 $74,018 $58,500 $43,791 $60,000
Charges for Services $132,500 $101,065 $132,500 $47,914 $58,400
Fines & Forfeitures $39,000 $59,664 $41,000 $21,591 $35,000
Miscellaneous $26,710 $53,326 $33,624 $144,065 $25,000
Use of Money & Property $72,660 $257,018 $72,660 $200,463 $219,200
Wastewater Receipts $318,349 $401,500 $401,500 $481,800 $481,800
Transfers In $0 $69,717 $0 $0 $13,000
Residual Receipts - Sr Ctr $0 $0 $0 $0 $0
Total Revenues $8,251,489 $8,913,707 $8,710,104 $9,969,505 $10,132,700
Property Tax
64.3%
Sales Tax
13.3%
Franchise Fees
7.0%
Licenses, Fees & Permits
6.7%
Waste Water Receipts
4.8%
Intergovt Revenue/Grants
0.6%
Charges for Services
0.6%
Use of Money & Property
2.2%
Fines &
Forfeitures
0.3%
Miscellaneous
0.2%
City of Grand Terrace
2026-27 General Fund
Proposed Revenues
General Fund Expense
2024-25 2024-25 2025-26 2025-26 2026-27
Adjusted
Budget
Actuals Adjusted
Budget
Year-End
Projections
Proposed
Budget
Salaries $1,983,894 $1,982,956 $2,186,753 $1,974,924 $2,344,229
Benefits $1,468,901 $1,289,221 $1,642,959 $1,571,925 $1,741,021
Materials & Supplies $489,280 $403,412 $455,175 $434,991 $508,975
Professional/Contractual Services $4,849,769 $5,022,581 $4,552,992 $4,974,117 $5,031,625
Equipment $7,100 $97,520 $50,400 $411,946 $86,500
Lease of Facility/Equipment $8,700 $8,473 $3,750 $5,316 $4,850
Utilities $251,880 $224,562 $257,620 $256,777 $273,530
Overhead Cost Allocation ($281,950)($90,145)($281,950)($90,145)($90,145)
Capital Projects $0 $12,251 $0 $56,000 $1,250
Debt Service $0 $8 $0 $3 $0
Transfers Out $141,289 $1,737,722 $208,152 $479,946 $229,052
Total Expenditures $8,918,863$10,688,561 $9,075,851$10,075,800$10,130,887
$2,344,229
$1,741,021
$508,975
$3,105,200 $1,926,425
$4,850 $86,500 $273,530
($90,145)
$1,250 $229,052
($500,000)
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
City of Grand Terrace
2026-27 General Fund Proposed Expenditures
Budget Review Schedule
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Budget Schedule
Event Date
Introduction Tue., May 26th
Budget Deliberations &
Adoption Tue., June 9th
Questions?
City of Grand Terrace
The City’s unfunded PERS Liability on June 30, 2024 was $6,098,734. The City’s unfunded PERS
Liability on June 30, 2025, was $5,859,159, of which the City’s annual normal cost is approximately
$135,000 and the UAL for Fiscal Year 2025-26 is $550,000, for an annual cost of $685,000.
The City’s unfunded Other Post-Employment Benefits (OPEB) on June 30, 2024 was $1,401,835.
The City’s unfunded Other Post-Employment Benefits (OPEB) on June 30, 2025 was $1,186,271 of
which the City’s annual normal cost for retiree medical insurance is approximately $80,000 per year.
Total Revenues for all Funds is projected to be $13,536,431 and total expenditures are projected to be
$14,544,305 for net of ($1,007,874).
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Expenditure Actual
2021 -22
Actual
2022-23
Actual
2023-24
Actual
2024-25
Projection
2025-26
Budget
2026-27
UAL 523,523 577,972 386,876 462,662 538,644 610,000
SHERIFF 2,356,772 2,417,818 2,567,563 2,668,483 2,982,396 3,336,200
SALARIES 1,315,444 1,373,737 1,520,557 1,982,956 1,974,924 2,344,229
TOTAL 4,195,739 4,369,527 4,474,996 5,114,101 5,495,964 6,290,429