HomeMy WebLinkAbout5. Budget FY 2022-23 - Airport Capital.General Fund Additions.5Year CIP - FINALRevCity of Palm Springs
FISCAL YEAR 2022-2023 budget study session
Palm springs international airport capital plan
Potential general fund budget additions
5-year capital improvement plan
june 8, 2022
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FY 2022 – 23 Budget Timeline
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April 25, 2022 – Council Study Session #1
General Fund Presentation
May 5, 2022 – Council Study Session #2
5-Year Capital Improvement Plan Presentation
June 8, 2022 – Council Study Session #3
Measure J Joint Session
Presentation and discussion of potential budget additions for the General Fund and the Capital Projects Plan.
June 16, 2022 – Presentation of FY 2022-23 Budget for All Funds
If needed, further budget discussion and direction to Staff on items to be included or excluded from the FY 2022-23 Budget and Capital Improvement Plan.
June 30, 2022 – Public Hearing and Adoption of FY 2022-23 Budget for All Funds
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Timeline of June 8th Council Study Session
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Order of Agenda Items for Discussion:
Presentation of recommended Airport Capital Projects over the next 5 Years.
Council to review and discuss projects in the Airport Capital Plan and provide direction to Staff on changes.
Presentation of the General Fund Potential Budget Additions
Council to review and discuss Potential Budget Additions to the General Fund and give Staff direction on items to be included or excluded in the General Fund FY 2022 – 23 Budget presented
at the public hearing June 30, 2022. Items determined to be excluded can be discussed and included at a later date.
Presentation of the 5-Year Capital Improvement Plan
Council to review projects Staff has recommended be included in the 5-Year Capital Improvement Plan and provide Staff direction on changes.
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Airport Capital Projects Plan
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The table on the next slide includes projects included in the Airport Capital Plan. This table gives Council a better understanding of the myriad projects proposed to be completed over
the next one to five years. Please note that the City has less discretion over Airport capital projects due to the City’s lease agreements with airlines and other mandates/restrictions
imposed by the Federal Aviation Administration (FAA). That said, Staff is seeking general input on:
Identifying projects that a majority of Council agree should be included or excluded from the budget (recognizing airlines and FAA have weighed in on most)
Identifying projects that need to be added that are not currently included
Identifying projects that need to be discussed further before funding is allocated
Any other feedback about priority projects and general direction
The available funds for the Airport capital projects include approximately $48M broken down as follows:
Aeronautical and non-aeronautical fees $18M
Unassigned fund balance $10M
FAA grant funds $20M
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Airport Capital Projects Plan
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Funding Sources for General Fund and Capital Projects
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General Fund Available Fund Balance
$44,964,394
General Fund Revenue over Expenses
$7,538,752
Capital Fund Available Revenues
$62,331,279
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Funding Sources for General Fund and Capital Projects - Detail
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General Fund Budget FY 2022-23
The following table outlines the various potential additions to the FY 22/23 General Fund budget. The table includes City Manager recommendations, staff requests not recommended at this
time by the City Manager, and additional information proposed or requested by City Council. Staff is seeking general input on:
Identifying programs/projects that a majority of Council agree should be put into or excluded from the budget
Identifying programs/projects that need to be added that are not currently included
Identifying programs/projects that need to be discussed further before funding is allocated
Any other feedback about priority projects and general direction.
The available funds in the General Fund for budget additions include:
$44,964,394 in available accumulated fund balance
$7,538,752 is projected revenues over expenses.
Generally speaking, the roughly $45M in available fund balance is one-time money and should be spent on one-time expenses. The roughly $7.5M in projected revenues of expenses should
be ongoing, subject to changes in the local economy. If the Council wishes to add projects, chooses to defer a project for approval at a later date, or removes a project from the list,
those changes will be reflected and presented at the public hearing on June 16, 2022
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Table of Potential Budget Additions
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Table of Potential Budget Additions - Continued
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Table of Potential Budget Additions - Continued
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Table of Potential Budget Additions - Continued
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Table of Potential Budget Additions - Continued
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5 - Year Capital Improvement Plan
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The following table includes projects listed in the current draft 5-Year Capital Improvement Plan (CIP). Staff is seeking general input on the following:
Identifying programs/projects that a majority of Council agree should be put into or excluded from the budget
Identifying programs/projects that need to be added that are not currently included
Identifying programs/projects that need to be discussed further before funding is allocated
Any other feedback about priority projects and general direction.
The available funds for the CIP include approximately $65M annually broken down as follows:
Grants and denotations: $30 Million
Measure J: $20 Million
Measure A: $7.5 Million
Gas Tax: $1.4 Million
SB1 RMRA: $1.1 Million
Discretionary transfer from the General Fund: $2 million
Other Sources: $3 Million
It should be noted that Council has discretion to transfer some or all the $44.9 million available General Fund balance or some or all the $7.5 million General Fund projected revenue
over expenses. This would require forgoing other investments with those funds.
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5 - Year Capital Improvement Plan
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5 - Year Capital Improvement Plan - Continued
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5 - Year Capital Improvement Plan - Continued
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5 - Year Capital Improvement Plan - Continued
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