CITY MANAGER BUDGET MESSAGE
To free up Great Park resources necessary to support relevant staff and school expenses, we are proposing to ground the Great Park orange balloon, which is currently costing the taxpayers over $0.6 million annually. Similarly, the Global Village Festival is costing City’s taxpayers over $0.5 million annually and we are proposing to combine the Global Village and Spooktacular events, expanding them to two days. The proposal creates staffing and operational efficiencies along with improved visitor experience, and frees up another day in the Sports Complex which could generate $40,000 in revenue. We are proposing to reinstate the business license registration fee, at $50 annually for the smallest businesses and $70 annually for larger ones (with 5 or more employees). This proposal will generate approximately $1.5 million annually, helping to cover the cost of the program. We are looking to improve cost recovery for our athletic and aquatic facilities which are highly subsidized. This budget proposes to charge non-profit groups $10-20 per hour for the use of City athletic and aquatic facilities, generating $0.8 million in additional General Fund revenue. With these marginal new fees, department cost recovery is improved and the City still remains competitive with the surrounding communities. Additionally, with the continued growth of the City’s population, three parking enforcement officers are included to address parking safety generating $0.3 million annually. The above balancing measures will help the City to achieve a balanced biennial budget in FY 2019- 2021, generating surpluses in the last three years when the City’s retirement payments to CalPERS start to decrease. The table below reflects the General Fund financial position with the above measures in place. The surpluses projected for the last three years of the five-year plan give us some room to reward the work of our hard-working, dedicated, talented City employees. Currently, the budget assumes no salary increases for the City’s staff, and labor negotiations are underway. Revenue measures
FY 2019-2024 Proposed Two-Year Budget and Five-Year Plan
Proposed Budget 2019-2020
Proposed Budget 2020-2021
Forecast 2021-2022
Forecast 2022-2023
Forecast 2023-2024
GENERAL FUND Total Revenues and Transfers-In Total Expenditures and Transfers-Out
206,145,891 205,769,153
211,628,110 211,283,240
217,454,755 214,703,224
223,013,222 220,971,176
230,313,313 226,167,726
Net Revenues and Expenditures
376,738
344,870
2,751,531
2,042,047
4,145,587
FY 2019-21 Proposed Budget
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