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Home My WebLink AboutReview of the Budget Including the Revenues and Expenditures 2000 Main Street, / Huntington Beach, CA City of Huntington Beach 92648 File #: 22-622 MEETING DATE: 7/19/2022 Review of the Budget including the Revenues and Expenditures Report City of Huntington Beach 61 Page 1 of 1 Printed on 7/14/2022 powered 4 LegistarT. 7/19/2022 vNT I N Glo `Nt0P0RA7- n FY 2022/23 Adopted Budget Review including the Revenues and _ _ = Expenditures Report } City Council Study Session o. July 19, 2022 ��co 17, y NTy Presentation Overview • FY2022/23 Budget Highlights • General Fund Budget Review • All Funds Revenues and Expenditure Report • Overview of the Capital Improvement Program & Capital Equipment Budgets l`".��NTIN�TD 0` `WVORtfp •� y F fo q 190A." 0� SUPPLEMENTAL cF�ouNTX COMMUNICATION Meeft DalW: , pr&bm No.;10 4�a L0-22) 1 7/19/2022 FY2022/23 Budget Highlights ➢ Structurally balanced FY 2022/23 General Fund spending plan -$690K surplus ➢ General Fund transfer to the Infrastructure Fund increased by 170%to $13.5M ($5M pre-COVID) ➢ All Funds Budget is structurally balanced with planned use of prior year unspent revenues on one-time capital projects, equipment, technology, etc. ➢ Capital Improvement Program (CIP) budget increased 139% to $59.7M ($25M pre-COVI D) ➢ HB Recovery Funds$29.6M for Council projects ➢ FY 2022/23 Pension Payment $28M vs. $37.7M yielding $9.7M savings from refinancing 85% of pension debt at a historically low interest rate of 2.925% NTINGTO,y (saves$166.7M during 24-year period) °� `"^ R <`, U i = r. 9?j Fa it 909 P� O\' cFOOUNTY General Fund Budget Review FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23 In millions Actual Actual Actual Adopted Adopted Total Revenues $ 236.0 $ 225.2 $ 237.0 $ 228.0 $ 283.2 Total Expenditures 228.9 223.5 226.8 228.0 269.0 Change in Fund Balance 7.1 1.7 10.2 - 14.2 HB Recovery Reserves (13.5) Structural Surplus $ 7.1 $ 1.7 $ 10.2 $ - $ 0.7 • General Fund is the City's main operating fund at 51% of the total All Funds budget • Contains 82.4% of the City's total personnel • General Fund is structurally balanced with a $690K surplus • $29.6M in HB Recovery Funds for Council approved projects $16.1M budgeted in FY2022/23 $13.5M in HB Recovery Reserves to be budgeted at a later date 2 7/19/2022 HB Recovery Projects $29.6M Downtown Revitalization Improvements $1,750,000 Police Technology Infrastructure Improvements 3,000,000 Carr Park Improvements 326,925 Oak View Library/Community Center Rehabilitation 2,000,000 Public Safety Equipment 2,000,000 Senior on the Go Transportation Improvement 280,000 Broadband Infrastructure Improvements 1,000,000 World Skate Skatepark Development Planning 750,000 Mobility&Sustainability Capital Improvements 2,000,000 Joint Youth Training Center for Fire and Police 2,000,000 Arterial Beautification 1,000,000 HB Recovery Projects Budgeted in FY2022/23 $16,106,925 HB Recovery Projects $29.6M Comprehensive Homeless Response Plan Implementation/Healing Center $2,500,000 Permanent Supportive Housing/Healing Center 2,500,000 Major City Facility Upgrade Project 3,200,000 Grow HB Fund Business Loan Program-NDC 3:1 Match 2,000,000 HB Community Impact Loan Fund for Small Businesses 1,000,000 Economic Development Fund 2,000,000 Talbert Channel Multi-use Recreation Trail-Project Cancelled Funds to be Reallocated 300,000 HB Recovery Reserves-To be Budgeted 13,500,000 TOTAL HB RECOVERY PROJECTS $29,606,925 s 3 7/19/2022 ANTI N G To \N�,pRPORATF10 C11 All Funds Revenues and Q Expenditure Report 11, 19091 CpYN-N cP City of Huntington Beach Adopted Budget-FY 2022123 Rwanuec and Expenditures Summary•All Funds FY201V19 FY2019720 FY 202L21 F'2021122 FY2D= A4eial Adel Adud AOtI W AdWW Revenue. Progeny Tax S IN'316.484 S 107.487283 S 113.204,975 6 114,127,3114 $ 120.613.145 Sales Tex 47,436,737 44.616.309 51,161,877 47,656.885 57,399.504 F ranchlses 6225"9 7,861,705 8.049,738 7.119.651 8,804,349 Transient Occupancy Tax 14,OOt,737 9.637.206 10,378.562 10.693,079 14,470,699 UbIlly Users Tax 18,787.554 18,148.622 18,374.351 1&884,238 18,457,076 Liceree and P—M 8.574,423 11-167,195 8.213,873 B.B02.466 1.425,920 Fines and Foreferu'. 4.300.180 3.402,83' 4.618.717 3,794,131 1533.981 Use of Money end Property 34.548.028 31.401,896 41,242,547 18,441,007 18.755,527 The decrease in Fund Balance is Revenue from Other Agencies 21.756,475 18,703,781 31.720,146 18,286,4B2 30.607,485 Charge.from Current S- 111.896.714 107.044,766 99,327.M 103,572,192 108,B44,380 the planned use of prior year Omer Revenue 4 38,038.591 5,720.9/5 2,594, 6 1,115,979 1.835,P 5 Non-Operaurg Revenue 26.188.746 23238.515 395.588.980 44.782.351 96.843,602 T.hd R.— 404,070,788 394,53e,9 W 790,476,,47 396,25a746 490,3919443 unspent revenues on one—time Expanditunui Capital Improvement Projects Personnslservlces' 180.521,483 188.053.895 530.987,340 165.457,490 180,973.528 lleaees 5,885,604 8.J23.431 ],165,290 7.178.559 8.675.080 (CIP), equipment, technological Pufaased Water 16.435.060 16,386.899 17.143.545 18.450,000 18.655.000 Equipment arW suppiles 7,936,046 8.185.05T I.992,142 8262.062 8.521,032 improvements, etc. Repairs and Maintenance 16,645.002 18.825,083 18,153,719 19,331,472 21.88&138 Conferences sxJ Tr—g 811,741 820,800 692,25' 1,024,T38 1,221.569 P clesslonal S—es 6,453A49 1.279.1. 8.395.743 11,356.057 14.516A51 Other CanOacl services 24,830,385 23.583,476 24201,260 26,827 108 29.965,889 Rental Expense 377,800 393,544 321.453 330.599 329.212 Gains Expanse 1,723.424 7,726,047 17,695.397 6,759,779 6.759Y79 @.�NTINGTO Insurenre U19,307 3.7P228 4.149,634 5,542,672 5.1920.320 A' P.--Payments 4,766,002 5,008,769 5.493.973 5.wo'DI) 5,550,000 llpo Consi6uhon mPrivate Age," 882,239 65A00 80.000 305.000 310,I1110 O +CO AIfO �F Payments M Other Gdvemmenls 3,761.70E 4.711.245 9,236,D58 3,994.004 4.031439 a .9 Interdepartmental Charges ISAM 71 9.361,069 8.837,995 8.765.929 9.028:907 Expanse All—ance. 743292 721,550 5.334 784,887 7.079 tcer Ex 1 1 2 1 2 77722 7 4 7 871 100 - ndtures 27443022 . I1P0 40B1111.! 510,62 75,687. 4191a rg 76P 81707,55 16.318,142 Tatal Expen ll ures $ 359,481,474 $ 374,741,243 $ 773,301,60 6 424,421,323 f 532.025.772 92G,4C "f1 r1,1901.4� \�OQ2 Change In Fund Balance" $ 44,589,314 $ 22.789,708 $ 17.174,4941 S 129,185.5781 f 141,634,3291 C OOUNTV 4 7/19/2022 All Funds Revenues & Expenditure Summary FY 2018/19 FY 2019/20 FY 2020/21 FY 2021/22 FY 2022/23 In millions Actual Actual Actual Adopted Adopted Total Revenues $ 404.1 $ 394.5 $ 790.5 $ 395.3 $ 490.4 Total Expenditures 359.5 371.7 773.3 424.4 532.0 Change in Fund Balance 44.6 22.8 17.2 (29.1) (41.6) Capital Expenditures(One-Time Costs) 27.4 25.2 40.9 50.1 75.7 Structural Surplus $ 72.0$ 48.0 $ 58.1 $ 21.0 $ 34.1 • In order to determine the structural surplus or deficit, one-time capital costs needs to be backed out. • It is common practice for government agencies to allow fund balances (prior year unspent revenues) to accumulate in various funds for the purpose of spending them at a later date for one-time CIP or other designated and allowable uses. • Example: Fund 211 Drainage Fund has a negative change in fund balance of$2,645,000. Funds were accumulated for major capital projects such as Heil Avenue storm water pump station and flood channel repairs. AN I N GTE \N�pRPORATFO Overview of the Capital Improvement Program & _Q Capital Equipment Budgets 9. 17, 190g UNT`I 5 7/19/2022 FY 2021/22 CIP & Equipment Budget Description CIP $2.OM-Drainage&Storm Water Projects:Storm Drain Pump Station Improvements $39.3M • $6.8M-Facilities Projects:Harbour Clubhouse Improvements,Sports Complex LED Lighting Retrofit,Oak View Community Center Rehab,Helipad Rehab,Lifeguard and Jr.Lifeguard HQ Upgrades • $6.4M-Neighborhood Curb Ramps,Residential Overlay,Residential Alleys • $5.9M-Parks and Beach Projects:Bluff Top Park Improvements,Edison Park Reconfiguration, Glen View Park Improvements,Beach Parking Lot Rehabilitation,LeBard Park Improvements,Sun View Park Playground Improvements,Carr Park Improvements,Shroeder Park Improvements, Huntington Central Park Restrooms • $5.1M-Sewer Lift Station Reconstruction and Sewer Lining • $10.4M-Streets&Transportation Projects:Arterial Rehab,Downtown Street Lighting,Citywide Mobility and Corridor Improvements,Traffic Signal Modification • $2.7M-Water Infrastructure Projects Equipment& Police helicopters;fire engine and rescue boat;cardiac monitors/defibrillators;patrol vehicles; $10.8M Other Capital various network,software and workstation upgrades;library public computers;Public Works equipment replacement(vactor truck,service truck,forklifts,replacement motor for well/driver); parking pay stations;library material handling system Capital $50.1M Expenditures u FY 2022/23 CIP & Equipment Budget Description CIP • $12.8M-Drainage&Storm Water Projects:Heil Ave Storm Water Pump Station,Storm Drain and $59.7M Channel Repairs,Half Round Grates • $10.4M-Facilities Projects:Joint Youth Training Center for Fire and Police,Oak View Community Center Rehab,Civic Center Generator and Main Switchgear Replacement,Police Communication Center and Traffic Office Remodel • $4.2M-Neighborhood Curb Ramps and Residential Overlay • $3.2M-Parks and Beach Projects:Huntington Bluffs Stabilization Project,Carr Park Improvements,Edison Park Reconfiguration,Central Park Slater Playground Improvements • $8.2M-Sewer Projects:Humboldt&Davenport Sewer Lift Station • $17.5M-Streets&Transportation Projects:Arterial Beautification and Rehab,Downtown Revitalization,Bridge Rehab,Citywide Mobility and Corridor Improvements • $3.3M-Water Infrastructure Projects Equipment& Ambulance;Urban Search and Rescue(USAR)truck;lifeguard rescue vessel and dive team vehicle; $16.OM Other Capital Self-Contained Breathing Apparatus(SCBA);cardiac monitors/defibrillators;various network, software and workstation upgrades;Police vehicle replacement and technology infrastructure improvements;Public Works equipment replacement(backhoe,service truck,forklift,etc.);air system repair and replacement(Lifeguard HQ,Murdy Fire Station,Central Library);Seniors on the Go transportation improvements Capital $75.7M Expenditures iz 6 7/19/2022 Summary ➢ FY 2022/23 General Fund Budget is structurally balanced -$690K surplus ➢ All Funds Budget is structurally balanced with planned use of prior year unspent revenues on one-time capital projects, equipment, technology, etc. ➢ The City has a robust CIP budget of$59.7M in FY 2022/23 (139% increase from $25M pre-COVID) ➢ The City has $29.6M in the HB Recovery Funding for Council approved projects ((,, T M G6 O Q` \NpRPORqfQ �n F9 OOUNTY Questions? � V o�� T�- �,4sxt ,i 7