HomeMy WebLinkAbout2009/2010 Mid-Year Finance Report - Study Session 05-03-20105/3/2010
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FY2OO9/lo General Fund
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183,000,000
18i,000,000
Declines in triple
flip reimbursement,
Department
reductions &
gas franchise
labor
payments, and
concessions
utility taxes
179,000,000
177,000,000
175,000,000
.
General Fund Revenue General Fund Expenditures
Adopted Budget w Projected as of 3/31/10
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5/3/2010
General Fund Expense Projections
Operating & I 45,877,745 43,786,086 I I 45,913,297 43>672,524 (2,240,773)
Transfers
I Total 1 $196,570,815 1 $181,333,883 1 $183,273,521 I $178M87,544 1 ($5,185,977)
Departmental Reduction Impacts
® The City has reduced the budget approximately $20
million in the past 18 months
® Service delivery has been impacted
o 17 Police Officer positions remain vacant
o Reduced hours of flight time for helicopters
o Investigation staff reassigned to Patrol
o Overtime reduced in Fire due to transition of fire prevention
staff to fire stations
o Closed Helen Murphy branch library two days per week,
Banning branch library one day per week and reduced hours of
operation at Central Library
o Reduction in book acquisitions
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5/3/2010
Departmental Reduction Impacts
o Decreased frequency of restroom cleaning at the beach
o Closing of lifeguard towers north of Goldenwest
o Reduced attendant hours at City parking lots
o Slurry seal program eliminated
o Graffiti maintenance reduced
o Tree trimming and other maintenance schedules reduced
o Approximately ioo citywide vacancies and the elimination of 40
part-time positions
a Increased turn -around time for code enforcement and building
inspections
o Only replacing equipment on an emergency basis
• Police patrol vehicles only equipment currently being replaced
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5/3/2010
On the Radar...
® Separation Incentive Program (SIP)
o PARS administered plan incentivizing retirement for employees age 50 or
higher with 5 years of Huntington Beach service
o Significant savings anticipated depending on level of participation in the
program
o Presented for City Council approval May 3rd
® Southern California Gas franchise
® Increases in user fees- Potentially $244,000-$370,000
o Implementation of a storm drain fee- Potentially $4,000,000
® Increased parking fees at Pier Plaza during peak season- Potentially
$166,000
® Potential impacts of Charter revisions
® Actions taken by the State to balance their budget
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5/3/2010
General Fund Reserve Balance
No plans to use reservedfund balance to balance current year's budget.
Conclusion
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® The current fiscal year is projected to end the year in
balance due to department reductions and labor
concessions
® The City has begun preparation of the FY2010/11
budget
o Will include additional departmental reductions, continued
labor concessions
o No known State threats at this time
® Five-year Financial Plan still projects future
challenges, and will be updated this summer
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