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HomeMy WebLinkAboutItem 2C - PresentationCity of Palm Springs ADOPTION OF FISCAL YEAR 2022-23 BUDGET JUNE 30, 2022 PPT #1 Item 2C - 1 City of Palm Springs Proposed FY 2022-23 Fund Balance –General Fund FY 2021-22 FY 2021-22 FY 2022-23 FY 2020-21 Revised Estimated Proposed Actual Budget Actual Budget Beginning Projected Fund Balance - Unrestricted 22,137,767$ 52,448,534$ 52,448,534$ 74,966,663$ Operating Revenues 132,424,420 148,055,303 153,701,092 155,717,948 Transfers In 11,550,000 - - 1,000,000 Add: Grant Revenue 15,536,553 31,556,525 Total Revenues 143,974,420 148,055,303 169,237,645 188,274,473 Operating Expenditures (101,544,453) (132,525,352) (117,951,492) (156,375,613) Set Asides - FY 2022-23 Budget (14,000,000) Approved Additional Appropriations FY22 (15,853,900) Transfers Out (12,119,200) (10,529,365) (15,095,765) (26,863,798) Operating Expenditures (113,663,653) (158,908,617) (133,047,257) (197,239,411) Less: Grant Expense (13,672,259) (28,772,525) Total Expenditures (113,663,653) (158,908,617) (146,719,516) (226,011,936) Surplus / (Deficit)30,310,767 (10,853,314) 22,518,129 (37,737,463) Proposed Minimum Fund Balance 30,028,269 Remaining Unassigned Fund Balance $52,448,534 $41,595,220 $74,966,663 7,200,931 Total Fund Balance Before CalPERS $52,448,534 $41,595,220 $74,966,663 37,229,200 CalPERS Reserve Set-Aside 22,250,000$ 28,250,000$ 28,250,000$ 34,250,000$ CalPERS Set-Aside/Fund Balance 74,698,534$ 69,845,220$ 103,216,663$ 71,479,200$ Required Minimum Fund Balance Total 19.20% Fund Balance Total 46.14% 26.18% 56.35%23.81% Fund Balance CalPERS Reserve Total 19.58% 17.78% 21.23%21.90% Fund Balance % Total 65.72% 43.95% 77.58%45.71% **Set Asides Include the Following: •$10M for Affordable Housing •$2M for Workforce Development •$1M for Climate Programs •$1M for Police Officers Item 2C - 2 3 City of Palm Springs Proposed FY 2022-23 Fund Balance –Scenario –General Fund FY 2022-23 Proposed Budget Proposed Minimum Fund Balance 30,028,269$ Remaining Unassigned Fund Balance 7,200,931 Preliminary Fund Balance 37,229,200 Potential Additions to Fund Balance if needed - 50% of Affordable Housing set aside 5,000,000 - 50% of Transfers to Internal Service Funds 6,658,750 - 50% of Workforce Development set aside 1,000,000 - 50% of Climate Programs set aside 500,000 Sub-Total - Potential Additions to FB if needed 13,158,750 Total Functional Fund Balance 50,387,950 Functional Fund Balance Percent of Operating Exp 32.22% Item 2C - 3 City of Palm Springs ADOPTION OF FISCAL YEAR 2022-23 BUDGET JUNE 30, 2022 PPT #2 Item 2C - 4 City of Palm Springs Proposed FY 2022-23 Table A –Approved Budget Additions One-Time Ongoing Available Fund Balance for City Projects 44,964,394 Projected Available Revenues over Expenses 7,538,752 1 Budget Manager 5,500 166,400 2 Auditor 5,500 149,900 3 IT Technician (.5)5,500 62,200 4 GIS Technician 5,500 120,600 5 Police Officers (3)284,900 473,400 6 Crime Analyst 62,500 138,200 7 Crime Scene Technician 117,370 135,900 8 Building and Safety Administrative Secretary 4,600 107,764 9 Homeless Outreach Coordinator 4,400 138,827 10 Recreation Facilities Program Coordinator 96,709 11 Park Attendant/Park Ranger (2 @.75)118,900 12 Court Attendant (2 @.75)112,915 13 Demuth Recreation Assistant (2@.75)118,900 14 Librarian 125,800 15 Engineering Project Manager 9,200 160,500 16 Firefighters (9)1,343,971 17 Public Affairs Dept Materials and Supplies 9,500 5,430 18 Recreation - 85th PS Anniversary Celebration 50,000 19 Planning Dept - Zoning Code Update 400,000 20 Cybersecurity Operations Center 148,200 21 Transfer to Facilities Fund for In-House Projects 6,817,500 22 Transfer to New IT Replacement Internal Service Fund 1,000,000 500,000 23 Transfer to Fleet Fund for Vehicle Purchases 5,000,000 24 Additional Amount to CalPERS Reserve 3,000,000 25 Gen Fund chargeback of Facilities Maint Added Employees & Benefits 120,000 407,600 26 Gen Fund chargeback of Fleet Maintenance Added Employees & Benefits 1,100 118,000 27 Police/Fire Replacement Radios (Total $3.5M, balance from other sources)500,000 28 Plaza Theatre $2M (Measure J $1M and $1M Fund Balance)1,000,000 29 Sustainability Associate (General Fund Subsidies)4,600 135,978 30 Fee Revenue Increases (397,000) Sub - Total 18,407,670 4,489,094 Item 2C - 5 City of Palm Springs Proposed FY 2022-23 Table A –Approved Budget Additions -Continued One-Time Ongoing Balance Forward - Available Fund Balance for City Projects 26,556,724 Balance Forward - Projected Available Revenues over Expenses 3,049,658 31 Parks & Recreation Master Plan Update 100,000 32 Deputy Director of Maintenance and Facilities 4,600 190,495 33 Set aside for Parks & Recreations 3,000,000 34 Set aside for Police personnel additions 1,000,000 35 Downtown Maint Lead Worker w/Vehicle 40,000 104,750 36 Downtown Maint Worker (2) w/ Vehicle (1)40,000 174,900 37 Street Maintenance Worker w/Vehicle 40,000 99,050 38 Lead Park Mechanic w/Vehicle 40,000 119,917 39 Parks Maintenance Mechanic 99,217 40 Park Maintenance Worker (4) w/Vehicle (2)80,000 380,467 41 Parks Contractual Services Savings (541,900) 42 Marketing & Tourism Contractual Services 100,000 43 Fiber Master Plan 200,000 44 Communications Branding Package 100,000 45 Homeless Services 1,000,000 46 Transfer to Affordable Housing 10,000,000 47 Security Services at three Recreation Centers 283,500 48 Student Internship Program ($100,000 - $300,000)300,000 49 Waiving Fees for Non-Profit Organizations 25,000 50 Workforce Development ($1,000,000-$2,000,000)2,000,000 51 Climate Action Plan/Programs ($500,000-$1,000,000)1,000,000 52 Capital Campaign Contribution - DAP Health 2,809,000 53 Recreation - Additional Youth & Team Programs ($50,000-$150,000)150,000 Total 19,928,600 3,010,396 FINAL BALANCE REMAINING 6,628,124 39,262 Item 2C - 6 City of Palm Springs ADOPTION OF FISCAL YEAR 2022-23 BUDGET JUNE 30, 2022 PPT #3 Item 2C - 7 General Fund Revenue •Total General Fund Revenue -$188.3 million •Increase of 11.2%, or $19 million, over estimated FY 2021 –22 revenue. •Total tax revenue increases by $2.2 million •Grant revenue increases by $16 million City of Palm Springs Proposed FY 2022-23 General Fund Budget FY2019-20 FY2020-21 FY2021-22 FY2021-22 FY2022-23 Percent Account Description Actuals Actuals Revised Budget Estimated Actuals Proposed Budget Change Transient Occupancy Tax 25,817,660 35,092,830 34,857,400 45,556,081 48,390,703 6.2% Property Taxes 25,482,084 27,342,181 28,709,000 28,662,500 29,235,750 2.0% Sales and Use Taxes 20,923,634 25,232,110 24,480,500 30,114,800 30,717,096 2.0% Utility Users Tax 7,025,604 8,284,837 8,197,200 12,500,000 11,500,000 -8.0% Motor Vehicle in Lieu tax 5,418,600 5,703,803 5,889,500 5,889,500 6,007,290 2.0% Franchise Fees 3,424,711 3,277,733 3,283,600 3,283,600 3,283,600 0.0% Cannabis Tax 2,838,208 4,770,184 4,700,000 5,020,000 4,794,000 -4.5% All Other Sources 23,604,028 22,710,242 38,250,347 38,211,164 53,346,034 39.6% General Fund Subtotal:114,534,530 132,413,920 148,367,547 169,237,645 187,274,473 10.7% Transfers from other Funds 9,407,209 11,943,084 - - 1,000,000 Total:123,941,739 144,357,004 148,367,547 169,237,645 188,274,473 11.2% TOT 27% Property Taxes 17% Sales and Use 18% Utility 7% Motor Vehicle 3% Franchise Fees 2% Cannabis 3% All Other Sources 23% FY2021-22 ESTIMATED ACTUALS TOT 26% Property Taxes 16% Sales and Use 16% Utility 6% Motor Vehicle 3% Franchise Fees 2% Cannabis 3% All Other Sources 28% FY2022-23 PROPOSED BUDGET Item 2C - 8 General Fund Expenditures •Total General Fund Expenditures -$226,011,936 •Represents a 54%, or $79.2 million, increase over FY 2021-22 •Variance is largely due to one-time transfers to other funds or set asides authorized by City Council: •Affordable Housing -$10 million •Transfer to Facility Maintenance Fund -$6.8 million •Transfer to Fleet Vehicle Fund -$5.8 million •Transfer to Capital Projects Fund -$5.5 million •Capital Campaign Contribution DAP -$2.8 million •Workforce Development -$2 million •Plaza Theatre -$2 million •Transfer to IT Equipment Fund -$1.5 million •Climate Action Plan/Programs -$1 million •Additional Police Officers -$1 million •Homeless Services -$1 million City of Palm Springs Proposed FY 2022-23 General Fund Budget FY2019-20 FY2020-21 FY2021-22 FY2021-22 FY2022-23 Percent Account Description Actuals Actuals Revised Budget Estimated Actuals Proposed Budget Change General Government 41,171,900 36,265,793 71,766,382 59,492,101 107,144,513 80.1% Police 34,483,096 33,120,972 38,954,156 35,447,966 45,474,713 28.3% Fire 18,657,514 19,148,030 21,675,958 21,685,528 27,009,692 24.6% Parks and Recreation 8,316,842 6,902,278 10,363,026 8,998,157 13,519,220 50.2% PERS Future Cost Reserve - - 6,000,000 6,000,000 6,000,000 0.0% General Fund Subtotal:102,629,353 95,437,073 148,759,522 131,623,751 199,148,138 51.3% Transfers 24,074,841 18,622,268 10,095,765 15,095,765 26,863,798 78.0% Total:126,704,194 114,059,341 158,855,287 146,719,516 226,011,936 54.0% General Govt 41% Police 24% Fire 15% Transfers 10% Parks and Recreation 6% PERS Future Cost Reserve 4% FY2021-22 ESTIMAED ACTUALS General Govt 47% Police 20% Fire 12% Transfers 12% Parks and Recreation 6% PERS Future Cost Reserve 3% FY2022-23 PROPOSED BUDGET Item 2C - 9 City of Palm Springs Proposed FY 2022-23 All Funds Budget Proposed Fund Balance Schedule - FY 2022-23 REV TRAN EXP TRAN Fund Description 7/1/2022 Beginning Fund Balance FY 2022-23 Proposed Budgeted Revenue FY 2022-23 Propoosed Transfer-In FY 2022-23 Proposed Budgeted Expenses FY 2022-23 Proposed Transfer-Out 6/30/2023 Ending Fund Balance 100 General Fund - Unassigned and Contingencies 74,966,663 187,274,473 1,000,000 199,148,138 26,863,798 37,229,200 119 Small Hotel TBID Fund 8,370 700,000 - 700,000 - 8,370 120 Forfeited Assets Fund 256,746 - - 239,315 - 17,431 121 Safety Augmentation Fund 2,129,919 1,125,078 - 1,271,088 - 1,983,909 123 Special Development Fund 2,008,612 - - 2,008,612 124 CSA 152 Fund 243,060 459,100 - 335,668 - 366,492 125 Recycling Fund 485,274 223,457 - 693,398 - 15,333 132 Parking Capital Programs Fund 559,632 - - - 559,632 133 Special Gas Tax Improvements Fund 792,146 1,394,633 - 1,798,278 - 388,501 134 Measure A Improvements Fund 7,247,405 6,983,736 9,773,916 - 4,457,225 135 Drainage Fund 1,193,276 301,050 - 846,615 - 647,710 136 Emergency Response Fund 266,935 1,020,000 - 1,043,627 - 243,308 137 Community Development Block Grant 0 1,289,197 - 1,289,197 0 138 Sustainability Fund 969,719 384,500 140,578 584,189 - 910,608 140 CFD Public Safety #1 Fund 931,720 1,007,000 - 911,262 1,027,457 141 Land/Light/Park Maintenance Dist 274,303 235,880 509,983 200 142 SB1 RMRA Road Maintenance Rehab 493,644 1,088,536 - 1,088,536 - 493,644 143 CFD Canyon View 16,845 - - 16,700 - 145 149 Air Quality Management Fund 162,180 62,000 - 101,929 - 122,251 150 Public Arts Fund 596,773 181,000 - 401,334 376,439 151 Library Endowment Fund 1,821,935 - - 1,801,860 - 20,075 152 Quimby Act Fund 857,343 650,000 - 150,000 - 1,357,343 160 Special Projects Fund 146,400 100,000 - 100,000 - 146,400 Item 2C - 10 City of Palm Springs Proposed FY 2022-23 All Funds Budget -Continued Proposed Fund Balance Schedule - FY 2022-23 - Continued REV TRAN EXP TRAN Fund Description 7/1/2022 Beginning Fund Balance FY 2022-23 Proposed Budgeted Revenue FY 2022-23 Propoosed Transfer-In FY 2022-23 Proposed Budgeted Expenses FY 2022-23 Proposed Transfer-Out 6/30/2023 Ending Fund Balance 260 Measure J Capital Projects Fund 18,682,556 20,352,400 - 27,695,885 5,138,500 6,200,571 261 Capital Projects Fund 8,054,247 31,466,614 6,500,000 44,701,592 - 1,319,269 301 Debt Service Fund 2,705,387 - 9,819,450 11,479,011 - 1,045,826 328 AD 2015 - 1 Fund 1,591,526 565,628 - 565,628 - 1,591,526 4xx Airport Fund (405-416)43,461,038 67,439,398 - 50,439,956 - 60,460,480 420 Wastewater Treatment Plant (WWTP)55,463,334 12,007,000 - 22,106,184 - 45,364,150 430 Golf Course Fund 2,737,544 4,585,578 400,000 5,564,231 - 2,158,891 510 Fleet Services Fund 2,368,032 8,367,600 5,824,770 9,194,326 - 7,366,076 520 Facility Maintenance Fund 359,288 6,400,000 6,817,500 6,383,874 - 7,192,914 530 Employee Retirement Benefits Fund 5,229,114 25,892,700 - 25,894,000 - 5,227,814 540 Risk Management Fund 7,072,261 20,854,074 - 20,258,455 - 7,667,880 541 Retiree Health Insurance Fund 2,500,593 3,980,682 - 3,980,682 - 2,500,593 550 Energy Fund 1,968,653 1,930,000 - 2,358,442 - 1,540,211 570 Equipment Replacement Fund - - 1,500,000 1,000,000 - 500,000 870 Merged #1 Cap Successor 558,211 265,000 - 381,833 - 441,379 874 Housing Successor Agency Fund 7,368,048 - - 2,501,565 - 4,866,483 879 Successor Agency Debt Service (25,596,237) 5,639,262 - 2,446,600 - (22,403,575) Total All Funds 230,951,811 414,225,576 32,002,298 459,757,297 32,002,298 185,420,089 Item 2C - 11 Recommendations: •Open public hearing,take public testimony •Adopt Resolution adopting the FY 2022-23 Allocated Positions and Compensation Plan and Pay Schedules •Adopt Resolution approving the FY 2022-23 Budget and 5-Year Capital Improvement Plan •Adopt Resolution approving the FY 2022-23Successor Agency Budget •Adopt Resolution approving the FY 2022-23Appropriations Limit. City of Palm Springs Proposed FY 2022-23 General Fund Budget Item 2C - 12 QUESTIONS? City of Palm Springs Proposed FY 2022-23 General Fund Budget Item 2C - 13 City of Palm Springs ADOPTION OF FISCAL YEAR 2022-23 BUDGET JUNE 30, 2022 PPT #4 Item 2C - 14 City of Palm Springs Proposed FY 2022-23 Table B – 5-year Capital Improvement Plan Line Project Description FY 2022 - 23 Projected Budget FY24 - FY 27 Set Aside Five-Year Projected Expense Projected Available Fund Balance and Future Revenues 97,000,000 245,500,000 342,500,000 1 Indian Canyon Bridge Over UPRR 18,242,025 5,555,728 23,797,753 2 South Palm Canyon Bridge Over Palm Canyon Wash 4,946,550 - 18,242,025 3 Ramon Road Bridge at Whitewater River 100,000 37,062,000 55,304,025 4 Vista Chino Bridge - Low Water Crossing 3,190,316 79,453,004 82,643,320 5 South Palm Canyon Bridge at Tahquitz Creek 4,068,500 4,068,500 8,137,000 6 East Palm Canyon Bridge at Palm Canyon Wash 1,463,000 5,852,000 7,315,000 7 Main Library Renovations 8,277,300 5,842,800 14,120,100 8 HSIP Cycle 8 - Traffic Signal Improvements 1,638,536 - 1,638,536 9 Plaza Theatre 1,000,000 - 1,000,000 10 HSIP Cycle 9 - Traffic Signal Improvements 1,399,200 232,236 1,631,436 11 Victoria and Ruth Hardy Park Restroom Renovations 950,000 - 950,000 12 Fire Training Tower Facility 750,000 - 750,000 13 Downtown Safety Bollards Phase 2 - 1,108,750 1,108,750 14 Gene Autry Windwall Upgrade 2,020,000 - 2,020,000 15 Police Department Impound Building - 1,160,000 1,160,000 16 Skyling Railings 397,780 - 397,780 17 Storm Drain Line 20 8,330,000 - 8,330,000 18 JC Frey Building Rehabilitation - 870,000 870,000 19 Keyless Entry System - Phase 2 200,000 468,750 668,750 20 Demuth Park ADA Access - Phase 2 600,000 1,000,000 1,600,000 21 Life Safety Improvements - Fire Sprinklers & Alarms 900,000 1,000,000 1,900,000 22 Back Up Generators at City Facilities 600,000 777,500 1,377,500 23 City Water Treatment Program (HVAC)507,500 - 507,500 24 Recreation Fields LED Lighting Upgrades 4,100,000 - 4,100,000 25 Roundabout at Indian Canyon, S. Palm Canyon an Camino Parocela 600,000 2,000,000 2,600,000 26 Sunrise Plaza HVAC Improvements 400,000 1,196,500 1,596,500 27 City Hall and Police Department Electrical Upgrades 100,000 - 100,000 28 Sunrise Plaza Domestic Water Line Separation - 253,750 253,750 29 Fleet Operations HVAC and Electrical Improvements 200,000 497,500 697,500 30 Sunrise Plaza Door and Window Replacements 200,000 524,150 724,150 31 Local Road Safety Plan Projects 500,000 7,500,000 8,000,000 Item 2C - 15 City of Palm Springs Proposed FY 2022-23 Table B – 5-Year Capital Improvement Plan -Continued 32 Traffic Operations Center Communication Upgrades 500,000 - 500,000 33 Demuth Dog Park - 1,202,200 1,202,200 34 Arnico Tract Sewer - Phase 4 200,000 - 200,000 35 Annual Slurry Seal 1,350,000 5,400,000 6,750,000 36 Annual Pavement Rehabilitation 6,000,000 24,000,000 30,000,000 37 Convention Center Exhibit Hall and Primrose Carpet Replacement 650,000 - 650,000 38 Exhibit Hall Air Wall and Acoustical Tile Refurbish - 450,000 450,000 39 Convention Center Jackie Lee Houston Plaza Upgrades 100,000 - 100,000 40 Convention Center Marquee Upgrade - 160,000 160,000 41 Palm Springs Convention Center Retrofit Lighting Controls 500,000 - 500,000 42 Relocate Fire Station #1 1,600,000 21,600,000 23,200,000 43 Measure J Community Initiated Projects 3,000,000 4,000,000 7,000,000 44 Pedestrian Master Plan Recommended Projects 1,500,000 6,000,000 7,500,000 45 Citywide Sign and Striping Inventory and Replacement Program 300,000 300,000 600,000 46 Annual Traffic Calming Projects 500,000 2,000,000 2,500,000 47 Pickleball Courts 300,000 1,150,000 1,450,000 48 Playground Equipment Shade Structures 281,960 - 281,960 49 San Rafael Turf Conversion 150,000 - 150,000 50 Palm Springs Cultural Center Sewer Lateral 199,735 - 199,735 51 Improvements to Lot G Downtown 300,000 - 300,000 52 Add Soccer Fields at Demuth Park 200,000 - 200,000 53 Palm Tree Up-Lighting 90,000 - 90,000 54 Additional Shade at Bus Stops 300,000 - 300,000 Grand Total Budget Changes 83,702,402 222,685,368 306,387,770 Remaining Funds Available 13,297,598 22,814,632 36,112,230 Wastewater Projects FY 2022 - 23 Projected Budget FY24 - FY 27 Projected Expense Five-Year Projected Expense 55 WWTP General Sitework and Pavement Replacement 150,000 1,450,000 1,600,000 56 WWTP Sludge Drying Beds 706,000 706,000 1,412,000 57 WWTP Demolition of Abandoned Equipment 1,842,750 1,842,750 3,685,500 58 WWTP Biosolids Dewatering Facility 2,000,000 20,313,858 22,313,858 Note: These projects will be funded by future user fees TABLE B - CONTINUED Item 2C - 16 City of Palm Springs Proposed FY 2022-23 Table B – 5-Year Capital Improvement Plan –By Type Item 2C - 17