SPECIAL FUNDS
INTRODUCTION The FY 2019-21 Budget is comprised of 68 individual funds. Each of these individual funds is classified into one of five categories: General Reserve, Special Revenue, Capital Projects, Debt Service, or Internal Service Funds.
A brief description of the categories and corresponding summary of the revenue and expenditure activity are provided below. A description of each fund, as well as a table summarizing the revenue (not including beginning balances) and expenditure activity of all special funds, is provided in the following pages.
Additional special fund summary information can be found in the Budget Summary section of this document.
Top Special Fund Revenue Sources Special fund revenues come from a variety of sources. In the FY 2019-21 Budget, the top four revenue sources are Internal Services Fees and Revenue, Other Taxes and Fees, Miscellaneous Revenues, and Development Fees. Combined with General Fund revenue (excluding transfers-in), these sources account for approximately 84 percent of the total revenues of all appropriated funds. Internal Services Fees and Revenue is comprised of reimbursements from the City’s operating departments for shared internal services – compensated absences, information technology, Civic Center maintenance, telephone, mail, and print services. Revenues are based on the estimated cost of service for each department. Other Taxes and Fees is comprised of Gas Tax, Systems Development Charge (SDC), Road Maintenance and Rehab Account (RMRA), and development related fees. Other Taxes and Fees revenue is derived from fees collected when expansion and new development occurs. These fees are used to fund wastewater, storm water, transportation, and park facilities needed to support growth in the community. Miscellaneous revenues include a one-time developer payment for road construction at Marine Way by the Great Park. The remaining miscellaneous revenues consist of interest and rent anticipated to be received from Orange County Great Park lease and rental agreements. Development Fees are user fees collected for development processing activities such as application approval, plan check, engineering, inspection, and permit issuance. The user fees are structured to recoup the costs of providing these services, and approved by City Council action.
FY 2019-21 Proposed Budget
301
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