REVENUE & EXPENDITURE ASSUMPTIONS
TRANSFERS-IN
Transfers-in include overhead and operating reimbursements. The Cost of Services Study identifies the amount of general City support costs attributable to development services. Direct costs of development related services and all development services revenue are budgeted in special funds. The portion of the fee revenues attributable to overhead support costs are shown as a transfer to the General Fund to reimburse the City for general overhead support. In FY 2023-24 and FY 2024-25, the overhead reimbursement transfer in will be approximately $2.5 million each year. In FY 2023-24 and FY 2024-25, the Great Park Fund transfer of $1,000,000 to the General Fund as part of the City’s $4,000,000 Educational Partnership support. The General Fund receives approximately $40,000 annually in overhead reimbursements from the Public Safety Special Services Fund from revenues received on vehicles and equipment used in providing police support at various special events. In FY 2021-22, the large transfer was from the American Rescue Plan Act (ARPA), which helped the City recover revenue losses created by the COVID-19 pandemic in calendar years 2020 and 2021.
FY 2023-25 Adopted Budget
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