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2021-02-16 CC Agenda Packet - ITEM #8 - PRESENTATION -FY 2019-20 Budget Year-End Report
February 16, 2021 CITY OF ELSEGUNDO Scenario One: COVID-19 peaks in May 2020 & Economic Recovery starts in July 2020 With the General Fund projected to experience a $9.6 million (12%) revenue decline. Scenario Two: COVID-19 peaks in Aug. 2020 & Economic Recovery starts in Oct. 2020 With the General Fund projected to experience a $15.2 million (or 20%) revenue decline. Scenario Three: COVID-19 peaks in Dec. 2020 & Economic Recovery starts in Jan. 2021 With the General Fund projected to experience a $16.1 million (21%) revenue decline. 1 TOT $15,200,000 $9,059,660 $8,283,596 2 Business License Tax 12,510,000 121-260,000 121-405,000 3 Sales Tax 11,500,000 10,676,000 12,006,731 4 Property Tax 818161,500 815991500 911841049 5 Utility Users Tax 6,450,000 5,992,062 6,559,666 6 Chevron Tax Reso Agreement 5,600,000 5,902,063 5,902,063 7 Charges for Service 51902,063 31798,844 31798,844 8 Other Revenues 31798,844 310181995 313501323 9 Franchise Tax 3,200,000 3,200,000 3,251,747 10 Intergovernmental Revenues 1,851,490 1,926,490 11948,609 11 License & Permits 1,688,358 1,538,358 1,829,701 12 Interest & Rentals 824,000 804,000 1,949,486 13 Fines & Forfeitures 412,020 192,020 273,427 14 Transfers In 140,000 140,000 140,000 15 FEMA COVID-19 Reimb. O 0 513,482 3 I TOT $15,2001000 $8,283,596 ($6,916,404) 54% 2 Business License Tax 12,510,000 12,405,300 (104,700) 99% 3 Sales Tax 11,5001000 12,006,731 506,731 104% 4 Property Tax 8,8161500 91184,049 367,549 104% 5 Utility Users Tax 6,450,000 6,559,666 302,063 102% 6 Chevron Tax Reso Agreement 51600,000 5,902,063 5,902,063 105% 7 Charges for Service 5,298,845 41,0471095 (11251,750) 76% 8 Other Revenues 3121819995 3.43501323 131,328 104% 9 Franchise Tax 31200,000 3.12511747 51,747 102% 10 Intergovernmental Revenues 11851,490 1.19481609 97,119 105 % 11 License & Permits 11688,358 1.18291701 141,343 108% 12 Interest & Rentals 8241,000 119949,486 11125,486 237% 13 Fines & Forfeitures 412.4020 273,427 (138,593) 66% 14 Transfers In 140.4000 140,000 $0 100% 15 FEMA COVID-19 Reimb. 0 513,482 513,482 N/A M I Police $ 23,175,793 $ 22,252,793 $ 22,873,284 2 Fire 1710151860 161282,650 171-388,393 3 Community Services 9,680,013 8,960,261 7,737,698 4 Public Works 81,098,326 71,8781343 71226,520 5 Non -Departmental 5,7431-964 5105931704 51969,635 6 Developmental Services 3,192,691 3,033,854 2,886,362 7 Information Technology 2107741-264 210592,636 21569,352 8 Finance & Treasury 217671.940 2,5231-267 21.4311946 9 Transfers Out (CIP) 217491.000 112491.000 11-249,000 10 City Manager 2,526,032 2,093,831 2,068,147 11 Human Resources 11,4301937 111631432 1,0111218 12 City Clerk 722,838 634,238 534,170 13 City Attorney 585,450 585,450 753,433 14 City Council 319,432 308,432 308,625 15 COVID-19 Response 0 0 111671750 16 Social Justice Protests 0 0 212,851 Total I" Differenceo 5 1 Police $ 23,175,793 $ 22,873,284 ($302,509) 99% 2 Fire 17,015,860 17,388,393 372,533 102% 3 Community Services 9,680,013 714737,698 (1,942,315) 80% 4 Public Works 8,0981326 7112261-520 (871,806) 89% 5 Non -Departmental 51,743,964 511969,635 225,671 104% 6 Developmental Services 31,1921,691 21,8861362 (306,329) 90% 7 Information Technology 2117741#264 2,569,352 (204,912) 93% 8 Finance & Treasury 210767,940 21-431,946 (335,994) 88% 9 Transfers Out (CIP) 2117491000 1112491000 (1,500,000) 45% 10 City Manager 21,526,032 2,068,147 (457,885) 82% 11 Human Resources 11-4301,937 1,011,218 (419,719) 71% 12 City Clerk 7221838 5341-170 (188,668) 74% 13 City Attorney 585,450 753,433 167,983 129% 14 City Council 3191432 3081-625 (10,807) 97% 15 COVID-19 Response 0 1111671P750 119167,750 N/A 16 Social Justice Protests 0 212,851 2121,851 N/A R Other Funds Conclusion The Future FY 2019-20 Budget CAFR Presentation FY 2020-21 Budget Citywide Budget Mid -Year Report FY 2021-22 Budget Development Strategic Planning Study Session (Sometime in April 2021) Proposed FY 2021-22 Budget Study Session (April/May 2021) Proposed FY 21-22 Budget Public Hearing &Adoption (,rune 15, 2021) Wrap-up & Questions A Av �� V f um 3 S1 R ' �� I , � tl• d M~A iS . - IR■