2024-03-27 Special Meeting Presentation for FY 2024-25 Council Operating and CIP Budget Workshop 1FY 2024 -25
Operating and CIP
Budget Workshop
March 27, 2024
AGENDA
City Council Strategic Framework /Plan
General Fund Financial Overview
Projected Unassigned Fund Balance
General Fund Requests
Next Steps
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2023-24 SUCCESS
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REQUIRED FOR 2024 -25 SUCCESS
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REQUIRED FOR 2024 -25 SUCCESS
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COUNCIL GOALS 2024 -2025
•100% Affordable Housing Project
•Prioritize Remaining Streetscape Elements
•Safe, Legal Railroad Crossings & Establish Citywide Quiet Zones
•Expand Habitat Stewardship & Explore Open Space Preservation
•Consider Infrastructure Task Force Prioritization & Funding Recommendations
•Build on the Bike Safety Emergency Declaration Goals & Implement Vision
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•Ensure a balanced budget
o Revenues > Expenditures
•Ensure that reserves are funded at policy levels
o Contingency Reserve:20% of Operating Budget
o Budget Stabilization Reserve:2% of Revenue
•Meet debt, pension and contractual obligations
•Review CIP Plan to fund priority projects
•Consider maintaining $2.0M in the General Fund unassigned ending fund
balance
FINANCIAL STRUCTURE
CITY COUNCIL STRATEGIC FRAMEWORK / PLAN
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FY25 GENERAL FUND REVENUE $107.5 Million
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$93.2 MillionFY25 GENERAL FUND REVENUE - TAXES
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FY25 GENERAL FUND EXPENDITURES $100.2 Million
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LONG -RANGE FINANCIAL PLAN
FY25 REVENUE – PROPERTY TAX
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For each $1 paid by property owners,
$0.24 goes to General Fund
$0.14 used for Public Safety
•$19.3 Million Law Enforcement
•$23.7 Million Fire & Marine Safety
•$43.0 Million total
$0.10 remains for all operations and CIP
$67.1 Million
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FY25 GENERAL FUND EXPENDITURES $100.2 Million
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$5.5M
DEBT SERVICE FY24 TO FY55 (i ncl udi ng new debt i ssuance for l and purchase)$5.5 Million
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GENERAL FUND FINANCIAL STATUS $2.3 Million before CIP
and maintaining $2M
unrestricted
Projected
$4.3 Million
available for appropriation
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FY25 GENERAL FUND UNASSIGNED FUND BALANCE
BASE BUDGET INCLUDES
Included
•Homeless Solutions Coordinator,+1.0 at midyear $200K
•Debt Service for 2024 Bond (Land Purchase) $347K
•Pacific View Operations (PT personnel,building maintenance,equipment,
supplies, etc.) $650K
•2nd HOPE Team $777K ($335K start -up/$442K ongoing)
•Open Space General Plan Update $250K
Not Included
•$2 Million Unassigned Fund Balance
•$1.463 Million Annual CIP from 5 -Year CIP Plan (see next chart)
•City Engineer Suggested CIP Projects for 2024 -25
•Anything from the Capital Projects by Status ("Donut") List
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CAPITAL IMPROVEMENT PROGRAM Planned $1.463 Million
Programmed $0.445 Million
OTHER ITEMS NOTED FOR CONSIDERATION
Studies, Consulting, Design General Fund Cost
Native Plant Ordinance Consultant $0.35M
Native Plant Ordinance Related Activities (demo garden, education, etc.)$0.15M
L7 100% Affordable Housing Design $0.35M
Pacific View Phase 2 Parking Lot Design/Permitting $0.25M
Stormwater Harvesting Study $0.25M
Hygeia (Hygeia to Andrew) Drainage Study $0.75M
Q3 On-call Drainage Consulting $0.1M
Citywide Drainage Master Plan $0.75M
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OTHER ITEMS NOTED FOR CONSIDERATION (Continued)
Studies, Design, Consulting (Continued)General Fund Cost
Vulcan South Drainage Design $0.35M
Public Road Standards Update $0.2M
Active Transportation Plan (ATP) Update $0.3M
Reconsideration of Beacons Staircase Review, Permitting, etc.$0.6M
RR Pedestrian Tunnel/Bridge north of La Costa Study $0.3M
S101 Ped Xing by Solana Beach $0.04M
TOTAL Studies, Design, Consulting $4.74M
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OTHER SUGGESTED CIP PROJECTS (Not on "Donut" List)
Other Suggested CIP Projects (not on "donut" list)General Fund Cost
Extend N101 Drainage to Grandview (New Scope for N101 Drainage)$3.4M
Protected Bike Lanes Santa Fe East (New Scope for Santa Fe East Project)$1.0M
Protected Intersection ECR & Santa Fe (Design & Construction estimate)$TBD + $0.75M
Leucadia Blvd Paving $0.8M
Drainage Improvement San Elijo/Norfolk $0.15M
Drainage Improvement B St Sidewalk $0.25M
Manchester Slope Stabilization $0.3M
TOTAL Other Suggested CIP Projects $6.65M+
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NEXT STEPS
1)Budget Workshop 2
April 17
2)Introduction of FY 2024 -25
Operating and Capital Budget
May 15
3)Adoption of FY 2024 -25
Operating and Capital Budget
June 12
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DISCUSSION
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