HomeMy WebLinkAboutCC 06-06-2023 Item No. 12. FY 2023-24 Budget Adoption_Staff PresentationJune 6, 2023
Fiscal Year 2023-24
Final Budget Adoption
CC 06-06-2023 Item No. 13
Community Budget Outreach and
Survey
Proposed Budget Changes
Next Steps
Agenda
2
Community Budget Survey and
Outreach
3
Throughout April and May, City staff hosted a variety of budget outreach events to
educate the community on budget related topics at local farmer's markets, Cupertino
festivals, and in front of the Cupertino Library.
Community Budget Outreach
4
•Opened April 20, 2023
•Closed May 31, 2023 11:59 PM
•1090 responses
•cupertino.org/BudgetSurvey
Community Budget Survey
5
1.You have 10 dots to allocate to the list of services that the City
should reduce funding for. Indicate how many dots you would
assign to each service based on your priorities. Reducing
funding for a service may have consequences, such as
decreased quality or availability of that service.
2.You have 10 dots to allocate to the list of services that you
would like the City to NOT reduce funding for. Please review the
list and indicate how many dots you would assign to each
service based on your priorities.
3.You have a maximum of 10 dots to decide what revenue-
generating avenues you would want the City to pursue.
Community Budget Survey Questions
6
7
768
949
2773
3051
828
1838
Street Maintenance
Park Maintenance
Recreation Classes
Citywide Events
Law Enforcement
Hours of Operations
1. Which services would you reduce funding for?
8
2622
2011
637
728
3721
704
Street Maintenance
Park Maintenance
Recreation Classes
Citywide Events
Law Enforcement
Hours of Operations
2. Which services would you NOT reduce funding
for?
9
2216
4061
2857
Increased Taxes
Increased Fees
Sale of City-owned Properties
3. Which revenue-generating avenues would you
want the City to pursue?
Proposed Budget Changes
10
Capital Improvement Program (CIP)
March 7, 2023
City Work Program
April 4, 2023
Proposed Operating and CIP Budget Study Session
May 17, 2023
Community Budget Town Hall
May 18, 2023
Timeline
Final Operating and CIP Budget Adoption
June 6, 2023
12
13
Proposed Budget Expenditure Changes
as of June 6, 2023
Fund
Proposed
Budget
as of May 5,
2023
Operating
Changes
Capital
Improvement
Program
Proposed
Budget
as of June 6,
2023
General Fund 86,311,553 (315,047) -85,996,506
Special Revenue Funds 10,411,018 (9,846) -10,401,172
Debt Service Funds 2,677,600 --2,677,600
Capital Projects Funds 175,000 -4,054,0001 4,229,000
Enterprise Funds 9,454,105 217,470 -9,671,575
Internal Service Funds 8,733,704 (10,192)-8,723,512
Total All Funds $117,762,980 $(117,615)$4,054,000 $121,699,365
1 Includes transfers out of $2,027,000 from the Capital Reserve
14
Proposed Budget Financial Overview by Fund
as of June 6, 2023
Fund Revenues Expenditures
Change in Fund
Balance/
Net Position
General Fund 80,365,447 85,996,506 (5,631,059)
Special Revenue Funds 12,991,963 10,401,172 2,590,791
Debt Service Funds 2,677,600 2,677,600 -
Capital Projects Funds 2,027,000 4,229,000 (2,202,000)
Enterprise Funds 6,744,789 9,671,575 (2,926,786)
Internal Service Funds 5,478,924 8,723,512 (3,244,588)
Total All Funds $110,285,723 $121,699,365 $(11,413,642)
15
Description Revenue Expense Change in Fund
Balance
GENERAL FUND
Restoration of Community Grant Funding -8,000 (8,000)
Restoration of Movies in the Park -8,380 (8,380)
Reclassification of the Emergency Services Coordinator -28,784 (28,784)
County of Santa Clara Environmental Health Permit Fees 175 4,720 (4,545)
Revenue from Elimination of Festival Fee Waivers 84,218 -84,218
Savings from Prepaying CalPERS Pension Plan's Unfunded Accrued Liability -(126,581)126,581
Elimination of Library Extra Hours Funding -(160,000)160,000
Transfer and Increase Golf Course Turf Management -(78,350)78,350
TOTAL GENERAL FUND 84,393 (315,047)399,440
Items for Final Budget Hearing –Operating Changes (Part 1)
16
Description Revenue Expense Change in Fund
Balance
SPECIAL REVENUE FUNDS
Savings from Prepaying CalPERS Pension Plan's Unfunded Accrued Liability -(9,846)9,846
Increase SB 1 (Gas Tax) Revenue Estimate 313,218 -313,218
TOTAL SPECIAL REVENUE FUNDS 313,218 (9,846)323,064
ENTERPRISE FUNDS
Savings from Prepaying CalPERS Pension Plan's Unfunded Accrued Liability -(7,530)7,530
Transfer and Increase Golf Course Turf Management -225,000 (225,000)
TOTAL ENTERPRISE FUNDS -217,470 (217,470)
INTERNAL SERVICE FUNDS
Savings from Prepaying CalPERS Pension Plan's Unfunded Accrued Liability -(10,192)10,192
TOTAL INTERNAL SERVICE FUNDS -(10,192)10,192
TOTAL ALL FUNDS $397,611 $(117,615)$515,226
Items for Final Budget Hearing –Operating Changes (Part 2)
Project Revenue Expense Change in Fund
Balance
CAPITAL PROJECTS FUNDS
Stevens Creek Blvd./Calabazas Creek Storm Drain Repair (infrastructure)-420,000 (420,000)
Stevens Creek Bridge Repair (infrastructure)-172,000 (172,000)
Street Light Installation –Annual Infill (infrastructure)-35,000 (35,000)
Annual Playground Replacement (parks)-300,000 (300,000)
ADA Improvements (facilities)-100,000 (100,000)
Citywide Building Condition Assessment Implementation (facilities)-1,000,000 (1,000,000)
Transfer from Capital Reserve to Capital Improvement Program Fund 2,027,000 2,027,000 -
TOTAL CAPITAL PROJECTS FUNDS 2,027,000 4,054,000 (2,027,000)
TOTAL ALL FUNDS $2,027,000 $4,054,000 $(2,027,000)
Items for Final Budget Hearing –Capital Improvement Program
17
Next Steps
18
19
Next Steps
May 16, 2023
3rd Quarter
Financial
Report
May 17, 2023
Proposed
Budget Study
Session
May 18, 2023
Community
Budget
Town Hall
June 6, 2023
Final Budget
Hearing and
Adoption
Nov 2023
1st Quarter
Financial
Report
Questions?