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Home My WebLink AboutPresentation - BudgetCity of Palm Springs FISCAL YEAR 2021-2022 ADOPTION OF COMPREHENSIVE BUDGET JUNE 10, 2021 2 General Fund Revenue Reduced revenue due to phase in of cannabis permit fee increase FY 21-22 Revenue = $127,356,425 -1.8% below estimated FY 20-21 Revenue City of Palm Springs Preliminary FY 21-22 General Fund Budget 3 General Fund Expenditures FY 21-22 Expenditures = $127,515,373 +2.8% above FY 19-20 expenditures FY 21-22 Budget = *Approximately Balanced ($158,948 deficit) =0.12% of FY 21-22 Budget City of Palm Springs Preliminary FY 21-22 General Fund Budget 4 FY 21-22 Allocated Positions & Compensation Plan •FY 21-22 Plan increases General Fund allocated positions +4 (1 Code Compliance Supervisor,3 Code Compliance Officers) •FY 21-22 Plan also increases Airport Fund allocated positions +2 (1 Maintenance Supervisor,1 Executive Program Administrator) •FY 21-22 Plan allocates 516 FTEs •24 FTEs remain allocated but unfunded (frozen) City of Palm Springs Preliminary FY 21-22 General Fund Budget 5 FY 21-22 All Other Funds Budget •FY 21-22 other Fund revenue =$163,447,716 •FY 21-22 other Fund expenditures =$176,806,308 •Deficit of ($13,358,592)is related to capital funding and resolved through carryover balance City of Palm Springs Preliminary FY 21-22 General Fund Budget 6 Recommendations: •Open public hearing,take public testimony •Adopt Resolution adopting the FY 21-22 Allocated Positions and Compensation Plan and Pay Schedules •Adopt Resolution approving the FY 21-22 Budget •Adopt Resolution approving the FY 21-22 Successor Agency Budget •Adopt Resolution adopting the FY 21-22 Appropriations Limit City of Palm Springs Preliminary FY 21-22 General Fund Budget QUESTIONS? 7 City of Palm Springs Preliminary FY 21-22 General Fund Budget