City of Irvine - Fiscal Year 2023-25 Adopted Budget

BUDGET SUMMARY

COMPARISON WITH OTHER CITIES

Newport Beach 3

Anaheim 3

Costa Mesa 3

Irvine

Population 1

Population % Change Population % Change Population % Change Population % Change

Jan-19 Jan-20 Jan-21 Jan-22 Jan-23

274,641 277,988 301,234 305,688 303,051

1.60% 1.20% 7.72% 1.46% -0.87%

86,419 86,415 84,201 83,653 83,411

-0.72% 0.00% -2.63% -0.66% -0.29%

356,618 357,059 344,504 335,946 328,580

0.13% 0.12% -3.64% -2.55% -2.24%

114,075 113,667 112,096 111,649 111,183

0.47% -0.36% -1.40% -0.40% -0.42%

FY 22-23 Assessed Valuation 2

$ 100,230,096,499

$ 71,329,756,011

$ 56,535,417,406

$ 24,791,335,240

All Fund Expenditures

$

952,231,102

$ 410,729,240

2,103,805,364 $

$ 232,771,634

Major Revenues

City Total

$ Per Capita

City Total

$ Per Capita

City Total

$ Per Capita

City Total

$ Per Capita

Sales Tax

91,934,858 93,711,819 17,741,311 10,746,766

303 309

48,532,772 137,973,233 31,986,150 4,304,567

582

111,982,000 100,929,589 236,291,613

341 307 719

82,459,889 54,524,010 9,554,733 5,687,783

742 490

Property Tax

1,654

Hotel Tax

59 35

383

86 51

Franchise Fee

52

N/A

-

General Fund Expenditures General Government Administrative Services Community Development

City Total

$ Per Capita

City Total

$ Per Capita

City Total

$ Per Capita

City Total

$ Per Capita

11,949,074 10,664,853 16,536,787 41,490,140 107,230,069 48,758,934 236,629,857

39 35 55

11,402,402 14,045,449 14,937,632 15,394,067 73,415,698 52,576,742

137 168 179 185 880 630

31,573,915 18,765,717 28,773,390 29,215,140 181,152,683 28,061,374

96 57 88 89

7,882,424 14,112,415 9,256,476 8,561,844 58,614,373 22,457,898

71

127

83 77

Community Services

137 354 161 781

Public Safety

551

527 202

Public Works & Trans.

85

Total

$

$

$ 181,771,990

$

2,179

$ 317,542,219

$

966

$ 120,885,430

$

1,087

1- California Department of Finance - E- 1City/County Population Estimates

2- Orange County Auditor Controller

3- Information derived from the FY 2023- 24 Proposed Budget for Newport Beach, Anaheim and Costa Mesa; Department totals are estimated by arranging other city budgets to reflect those departments of Irvine's.

Population

Major Revenues

$250

100 150 200 250 300 350 400

$200

$150

$100

$50

0 50

$0

Irvine

Newport Beach

Anaheim Costa Mesa

2021

2022

2023

Sales Tax Property Tax Hotel Tax Franchise Fee

Irvine Newport Beach Anaheim Costa Mesa

GF Expenditures

Assessed Valuation

$100 $120

$400

$300

$0 $20 $40 $60 $80

$200

$100

$0

Irvine

Newport Beach

Anaheim Costa Mesa

Irvine

Newport Beach

Anaheim Costa Mesa

FY 2022-23 Assessed Valuation

General Fund Expenditures

90

FY 2023-25 Adopted Budget

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