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HomeMy WebLinkAboutFY 2013-2014 City Budget Public Hearing adopting Budget ResITU Of inuNTIN TON bi M �`�OPOS�D SUPPI Comm ITS Of UHTNTOH tUU FY 2013/14 Proposed Budget September 3, 2013 -. B Building Blocks to Economic Prosuerit Recovery Stimulating our economic growth by supporting local businesses, as well as attracting new business opportunities JRealignment Realigning our resources to meet our long-term commitments to the employees and community ]Reinvestment Promoting reinvestment in our community and infrastructure to ensure a strong foundation for the future .MENTAL Meeft Nte: LPJ0510?- Agenda Item No. FY 2013/14 Provosed Budget Overview ❑ The Proposed All Funds budget totals $313.8 million, a 6.5% increase from the FY 2012/13 Adopted Budget ❑ The Proposed General Fund budget totals $193.5 million, a 5.8% increase from the FY 2012/13 Adopted Budget FY 2013/14 Proposed Budget General Fund by Devartment City Tree! 0.1% 32'U°r City CM 0.1% Clerk City Manager City Attorrrry 4%_ 1.1%, _1.2% pY Seneca Firarce 2.2% �,-2.7% 2.7% `Information Services / 3.3 --PlanningmW Building 3.3°0 io utity Services 4.6% lic Works I.I 3 4 L. �.�.d Recovery ❑ For the first time in six years, the General Fund budget is balanced for FY 2013/14 No layoffs, position reductions, or defended positions No departmental cuts No service reductions 5 Realignment J Organizational Realignment Marine Safety Realignment into the Fire Department Transfer the former Economic Development operations into the City Manager's Office J Public Safety Increase funding for the Police Department's staffing by 7.0 FTEs (2 Community Services Officers and 5 Police Officers) Funding for a fifth City -operated ambulance and related staffing in the Fire Department (6 Ambulance Operators) $1.0 million for the City's share of the new 800 MHz County -wide system J Fixed Costs Ca1PERS rate increases of $3.1 million Unfunded liabilities solutions including "25 to 10" Plan for Retiree Medical and "16 to 10" Plan for Retiree Supplemental 6 \� �.�K. Reinvestment J Improve the City's Infrastructure The Proposed Budget meets the 15% Infrastructure requirement FY 2013/14 Proposed Budget includes $28.5 million in CIP Projects including $1.5 million in funding for new Senior Center General Fund contains $3.0 million in recurring funding for infrastructure J Equipment Replacement $4.0 million has been included for Equipment Replacement Wo } FY 2013/14 Budget Accomplishments J Reflects a balanced budget with no layoffs, departmental cuts, or service reductions J Realigns financial and human resources to promote greater efficiency and enhance delivery of services J Enhances staffing and funding for Public Safety _J Accelerates unfunded liability payments saving $16.6 million in taxpayer dollars over the long-term J Proposes the creation of a CalPERS "One Equals Five" Set -Aside J Reinvests funding to improve the City's infrastructure and equipment replacement J Provides funding for a new Senior Center 8 IN of 4UNTIN(TON UU _.a v September 3, 2013