BUDGET SUMMARY
GENERAL FUND RESOURCES
General Fund resources for FY 2023-24 total $253,465,202 and resources for FY 2024-25 total $263,357,393, including transfers-in. The budget includes transfers-in for FY 2023-24 and FY 2024-25 of $3,601,258 and $3,787,300 respectively.
RESOURCES
2020-21
2021-22
2022-23
2023-24
2024-25
ACTUAL
ACTUAL
ADJUSTED
ADOPTED
ADOPTED
REVENUES PROPERTY TAX
80,796,199
85,209,426
88,116,679
93,711,819
97,919,816
SALES TAX
68,259,797
84,008,307
84,599,625
91,934,858
95,312,227
HOTEL TAX
5,787,417
13,749,850
14,768,352
17,741,311
19,111,419
PROGRAM AND SERVICE FEES
5,712,253
11,595,994
12,066,014
12,823,383
13,077,502
FRANCHISE TAX
9,160,380
9,673,253
8,853,947
10,746,766
10,951,389
UTILITY USERS TAX
4,775,611
5,348,707
4,857,890
6,254,905
6,366,906
DOCUMENTARY TRANSFER TAX
4,671,009
4,860,834
3,611,400
3,936,079
4,027,003
REVENUE FROM OTHER AGENCIES
2,986,228
3,970,021
4,260,470
4,034,994
3,994,652
ASSESSMENT REVENUE
1,446,855
3,437,471
3,486,417
1,108,832
1,194,464
MISCELLANEOUS REVENUES
717,502
1,234,503
1,446,493
1,968,635
2,004,972
FINES & FORFEITURES
1,238,294
1,112,077
1,808,336
1,192,158
1,192,158
FEES FOR SERVICES
1,059,196
1,679,639
2,174,783
1,370,264
1,367,197
LICENSES & PERMITS
1,456,069
1,407,114
1,576,250
1,758,979
1,764,579
DEVELOPMENT FEES
298,037
353,310
489,700
957,754
957,754
MOTOR VEHICLE IN-LIEU REVENUES
206,614 328,055 SUB-TOTAL REVENUE 188,571,460 227,954,230 232,345,362 249,863,944 259,570,093 313,725 229,006 323,207
TRANSFERS-IN DEVELOPMENT SERVICES
365,981
236,438
335,284
390,932
569,953
CONTINGENCY RESERVE
-
4,846,570
-
-
-
LABOR AGREEMENT FUND
3,059,012
999,976
-
-
-
IRVINE RECOVERY FUND
-
1,801,592
-
-
-
BUILDING & SAFETY
1,222,101
1,579,481
1,485,244
1,929,283
1,929,283
DEVELOPMENT ENGINEERING
106,488
193,226
144,247
221,043
228,064
SPECIAL EVENTS
55,000
-
40,000
60,000
60,000
COVID-19 GRANT FUND
-
56,435,217
-
-
-
SPECIAL PROGRAMS GRANT
-
407,714
-
-
-
GREAT PARK
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
PROJECT CLOSE OUTS
-
441,526
-
-
-
SUB-TOTAL TRANSFERS-IN 3,787,300 TOTAL RESOURCES 194,380,042 295,895,971 235,350,137 253,465,202 263,357,393 5,808,582 67,941,740 3,004,775 3,601,258
* Adjusted Budget columns are the adopted budget plus any modifications (increases, decreases, and transfers) approved by the City Council during the fiscal year.
76
FY 2023-25 Adopted Budget
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