REVENUE AND 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 2019-20, the overhead reimbursement transfer-in will be approximately $2.6 million. Costs for Council Executive Assistants are budgeted in the General Fund, with a $100,000 transfer to the General Fund from the Orange County Great Park Fund to pay for the time Council Executive Assistants work on Orange County Great Park matters. This practice was established in FY 2007-08 to promote administrative efficiency. Costs and sponsorship revenue for the Irvine Global Village Festival (IGVF) are budgeted in the General Fund. In FY 2018-19, the IGVF was moved to the Orange County Great Park. The variety of cultural activities, opportunities and experiences, expose the park to the regional community. The transfer of $87,500 from the Great Park Fund to the General Fund covers Community Services General Fund staffing related to the festival.
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FY 2019-21 Proposed Budget
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