2019-09-17 CC Agenda Packet - ITEM #C14 - PRESENTATION - Proposed FY 2019-2020 BudgetCity of EI Segundo
Public Hearing & Adoption
f the Proposed FY 2019-20 Budget
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FY 2018-19 Adopted % of Total FY 2019-20 Proposed % of Total
No. Fund Name Budget Budget Budget Budget
1 General Fund $ 79,068,984 57.5% $ 80,782,540 58.6%
2 Water Fund 30,645,150 22.2% 29,622,670 21.5%
3 Equip. Rep. Fund 81123,097 5.9% 7,849,761 5.7%
4 Wastewater Fund 51110,042 3.7% 5,235,334 3.8%
5 Worker's Comp Fund 21932,453 2.1% 2,934,272 2.1%
6 CIP Fund 31130,000 2.3% 21749,000 2.0%
7 Transportation Funds 21933,757 2.1% 21284,527 1.7%
8 General Liability Fund 11854,128 1.3% 11783,333 1.3%
9 Public Safety Sp. Rev. Funds 11235,073 0.9% 11661,565 1.2%
10 Golf Fund 11692,814 1.2% 11417,800 1.0%
11 Other Special Rev. Funds 3111000 0.2% 5781806 0.4%
12 Debt Service Fund 5451000 0.4% 5451000 0.4%
13 Solid Waste Fund 0 0.0% 2301000 0.2%
14 Senior Housing Fund 271000 0.0% 741113 0.1%
$ 137,608,498 100.0% $ 13717481721 100.0%
1
Transient Occupancy Tax
$141500,000
$151200,000
2
Business License Tax
11,800,000
121510,000
3
Sales Tax
11,900,000
111500,000
4
Property Tax
81057,164
81816,500
5
Utility Users Tax
519351000
614501000
6
Tax Resolution Agreement
518001000
516001000
7
Charges for Service
513931625
512981845
8
Other Revenues
215201400
312181995
9
Franchise Tax
319001000
312001000
10
Intergovernmental Revenues
118491347
118511490
11
License & Permits
11668388
11688358
12 Interest & Rentals
13 Fines & Forfeitures
1 a TrancfArc -in
824,000
317,700
824,000
412,020
1 4n_nnn
$700,000
710,000
(400,000)
759,336
515,000
(200,000)
(94,780)
698,595
(700,000)
2,143
19,970
94,320
140.000
3
Top General Fund Revenues
Total Estimated General Fund Revenues $76,,710,,
Charges for Services
Tax Resolution Agreement $5.,298.,845..7%
$S$5,600,000,7 %
USU..
$6,4500, 9%
er Revenues
,734,863, 14
Property Tax
$9,416,500, 12%
T.O.T.
$15,200,000, 20%
Business Tax
$12,510,000,16%
Sales Tax $11,500,000,
15%
$16,000,000
$14,000,000
$12,000,000
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000
$0
Five -Year Tax Revenue Overview of Top Six General Fund Revenue Sources
FY 2014/15 FY 2015/16
Property Tax Sales & Use Tax UUT
FY 2016/17 FY 2017/18 Estimated FY Projected FY
2018/19 2019/20
Other Taxes Transient Occupancy Tax Business License
5
I
Police
2
Fire
3
Public Works
4
Parks & Rec
5
Nondepartment
6
Planning & Building
7
Information System
8
City Manager
9
Library
10
Finance
11
Human Resources
12
City Clerk
13
City Attorney
14
City Treasurer
15
City Council
16
Transfers Out
$ 21,746,192
16,401,982
8,507,761
6,688,627
8,251,373
2,830,338
2,059,988
2,039,236
2,363,788
2,331,337
1,004,459
513,901
611,250
312,273
288,541
3,130,000
$ 23,175,793
17,015,860
8,098,326
7,190,768
5,743,964
3,192,691
2,774,264
2,526,032
2,489,245
2,422,565
1,430,937
722!1838
585,450
345,375
319,432
2,749,000
$ 1,429, 601
613,878
(409,435)
502, 141
(2,507,409)
362,353
714,276
486,796
125,457
91,228
426,478
208,937
(25,800)
33,102
30,891
(381,000)
►1 .6.
6.6%
3.7%
-4.8%
7.5%
-30.4%
12.8%
34.7%
23.9%
5.3%
3.9%
42.5%
40.7%
-4.2%
10.6%
10.7%
-12.2%
Workers'
OPEB & Otheiompensation, 5%
Benefits, 1%
Group Insurance, 12%
Retirement CaIPERS,
22%
General Fund Salaries & Benefits - FY 2019-2020
�
FICA., 2%
Salaries, 58%
Reduce General Fund reserve from 19% to 17%
Place the 2% reduction (^'$1,560,000) into the pension trust
Complete Fresh Start (Refinance) of Police Classic Pension
Plan to a 20 year amortization
will save $2.71 million in interest payments
Complete Fresh Start of Fire Classic Pension Plan to a 20
year amortization
will save $2.53 million in interest payments
pital Improvement Program Project (new Funding
No. I Wastewater (Sewer) Enterprise Fund
1(a) Acacia Park Construction $200,000
Gas Tax/ Prop C / SB 1/ Measure R/ Measure M
2 Roadway Rehabilitation (Annual Program) 7001000
3 EI Segundo Blvd. Improvements 5001000
4 Sidewalk Improvement and Construction (Annual Program) 300,000
Other Grant or Special Funds
1(b) Acacia Park Construction - Prop 68 Grant - (CIPAC Rank: #2) 200,000
S FCA - Park Vista Senior Housing Plumbing (Senior Housing Funds) 60,000
6 ADA Ramp Improvements - CDBG Funds 500000
10
No. General Fund
7 Teen Center Upgrades Including Skate Park and Basketball Court (CIPAC Rank: #6)
8 City Hall Windows Replacement
9 Fiber Vault Lids Replacements
1(c ) Acacia Park Construction (CIPAC Rank: #2) (rolling over $1,150,000 allocated in FY 2018-
19)
10 Rec Park Restroom Rehabilitation
11 Police Firing Range Remodel — (PD Developer Impact Fee reserves):
rolling over $41,000 previously allocated in FY 2018-19
12 City Hall Security Improvements
13 Library Park Project (CIPAC Rank: #7)
14 Fitness Trail at Memory Row (CIPAC Rank: #4)
15 Catch Basin Inserts Installations
(CIPAC Rank: #3) —
800,000
500,000
300,000
300,000
200,000
204,000
125,000
120,000
100,000
100,000
11
Total CIP budget of $9,980,000 for FY 2019-20 (attachment A)
$5,221,000 carryover projects
$4,759,000 proposed appropriations
$2,749,000 proposed General Fund appropriations
$2,010,000 proposed Special Revenue Fund appropriations
D
Total Transportation appropriations: $2,284,527
Total Public Safety Special Revenue appropriations: $1,661,565
Total Other Special Revenue Funds appropriations: $578,806
Total Senior Housing Fund appropriations: $74,113
Debt Service Funds
Debt Service (202) $
183,600
Enterprise Funds
Water (501) 31,281,360
Wastewater (502) 31886,200
Golf Course (503)* 1,450,667
Solid Waste (505)
OTotal Enterprise Funds --d' A
* Golf Course has $5.7M loan payable to the Equipment
Replacement Fund
$ 545,000 $ -
27,812,670 1,810,000
4,175,334 1,060,000
1,417,800 -
230,000 -
$ 545,000
29,622,670
5,235,334
1,417,800
230,000
14
Estimated
Beginning
Fund Fund Balance
Equipment Replacement $ 61389,026
General Liability Insurance 831598
Workers Compensation (41681,875)
Total $ 1,790,749
Estimated
Revenues
FY 19-20
$ 21089,441
1,914,179
2,975,035
$ 6,978,655
Proposed
Budget
FY 19-20
$ 71849,761
1,783,333
2,934,272
12,567,366
Estimated
Fund Balance
9/30/20
$ 628,706
214,444
(41641,112)
$ (3,797,962)
Worker's Compensation Program
City's Annual premium increased by 18% or ^'$149,000: $834,905 in FY
2018-19 to $984,001 in FY 2019-20
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General Liability Insurance
City's Annual premium decreased by 11% or($115,000): $1,077,250 in
FY 2018-19 to $962,485 in FY 2019-20
Excess coverage for the risk pool increased from a maximum of $27
million to $37 million in FY 2019-20
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Auto Physical Damage Program (annual premium of $36,121)
Crime Program (annual premium of $1,159)
Terrorism Program (annual premium of $3,316)
.tnQOro I@]IIkILTM;jd•
Cyber Program (annual premium of $6,044)
Property Program (annual premium of $59,333, a decrease of $6,200
compared to the prior year)
Funding for infrastructure and facilities
Rising service costs
Rising retirement costs
General Fund subsidies of other funds
Potential recession
88, 000, 000
86,000,000
84,000,000
82,000,000
80,000,000
78,000,000
76,000,000
74,000,000
72,000,000
70,000,000
GENERAL FUND (excluding transfers -out in the "estimated" years)
FY 18/19 FY 19/20 FY 20/21 FY 21/22
Projected Proposed estimated estimated
--s—Revenues }Expenditures
FY 22/23 FY 23/24
estimated estimated
Will be developed during FY 2019-20
22
Questions?