City of Irvine - Fiscal Year 2023-25 Adopted Budget

STRATEGIC BUSINESS PLAN

FY 2023-28 Five-Year General Fund Outlook

2023-24 Adopted

2024-25 Adopted

2025-26 Forecast

2026-27 Forecast

2027-28 Forecast

General Fund RESOURCES Property Tax

93,711,819 91,934,858 17,741,311 12,823,383 10,746,766 6,254,905 4,034,994 3,936,079 1,968,635 1,758,979 1,370,264 1,192,158 1,108,832

97,919,816 102,641,074

107,195,831 111,997,942

Sales Tax Hotel Tax

95,312,227 19,111,419 13,077,502 10,951,389 6,366,906 3,994,652 4,027,003 2,004,972 1,764,579 1,367,197 1,192,158 1,194,464

98,171,594 101,116,742

104,150,244 23,925,059 13,473,763 11,283,227

20,379,455 13,208,277 11,060,903 6,452,859 3,994,652 4,107,543 2,025,022 1,799,871 1,380,869 1,204,080 1,273,716

21,679,523 13,340,360 11,171,512 6,539,973 3,994,652 4,189,694 2,045,272 1,835,868 1,394,678 1,216,120 1,354,970

Program & Service Fees

Franchise Tax Utility Users Tax

6,628,262 3,994,652 4,273,488 2,065,725 1,872,585 1,408,624 1,228,282 1,495,316

Revenue from Other Agencies Documentary Transfer Tax

Miscellaneous Revenues Licenses and Permit Fees for Services Fines and Forfeiture Assessment Revenue Development Fees Motor Vehicle In Lieu

957,754 323,207

957,754 328,055

967,332 334,616

977,005 341,308

986,775 348,135

SUBTOTAL 249,863,944

259,570,093 269,001,861

278,393,508 289,132,079

TRANSFERS FROM OTHER FUNDS Development Services Great Park Reimbursement Public Safety Special Services

2,541,258 1,000,000

2,727,300 1,000,000

2,781,846 1,000,000

2,837,483 1,000,000

2,894,233 1,000,000

60,000

60,000

60,000

60,000

60,000

TOTAL RESOURCES

253,465,202 263,357,393

272,843,707 282,290,990

293,086,312

DEPARTMENT EXPENDITURES Salaries & Benefits

162,347,254 168,546,266

174,445,385 180,550,974

186,870,258 36,066,010 30,027,462 6,936,891

Contract Services Internal Services

31,295,859 26,289,050 6,202,600 3,898,914 3,715,934 1,897,833 1,330,847 1,297,069

31,757,194 26,694,304 6,441,593 4,066,120 3,716,438 1,981,786 1,282,917 1,337,188

33,027,482 27,762,076 6,602,633 4,188,104 3,865,096 2,041,240 1,308,575 1,363,932

34,348,581 28,872,559 6,767,699 4,313,747 4,019,699 2,102,477 1,334,747 1,391,210

Supplies Utilities Overtime

4,443,159 4,180,487 2,165,551 1,361,442 1,419,035 191,125 (301,866)

Miscellaneous

Repairs and Maintenance

Training and Business Expenses

Capital Equipment Less Cost Allocated

535,501 (284,455)

180,101 (284,455)

183,703 (290,144)

187,377 (295,947)

TOTAL OPERATING APPROPRIATIONS TRANSFERS TO OTHER FUNDS Landscape, Lighting & Park Maintenance

238,526,406 245,719,452

254,498,081 263,593,123

273,359,553

10,271,177 4,000,000

10,753,309 4,000,000 2,000,000

11,290,974 4,000,000 2,000,000

11,855,523 4,000,000 2,000,000

12,448,299 4,000,000 2,000,000

Educational Partnership Fund Asset Management Plan Fund

-

Other-Out

659,183

660,887

662,488

664,136

665,834

TOTAL APPROPRIATIONS

253,456,766

263,133,648 272,451,543

282,112,782 292,473,687

SUMMARY FORECAST Total Resources

253,465,202

263,357,393 272,843,707

282,290,990 293,086,312

Total Expenses

253,456,766 263,133,648

272,451,543 282,112,782

292,473,687

NET INCREASE/(DECREASE)

8,436

223,745

392,165

178,208

612,625

428

FY 2023-25 Adopted Budget

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