Fiscal Year 2013-2015 Special Budget Meeting

A L L - I N B u d g e t P r o p o s a l ItemW Type R E V E N U E 1 Confirmed FY 2013-14 FY 2014-15 Proposed Proposed Expenditures Expenditures One-Time Totals Notes B o o m e r a n g Funds Excess RETT $ S DOF R e d e v e l o p m e n t A p p e a l Funds - S 9,500,000 $ 9,500,000 Use of Ix funds for Ix expenditures including additional payment to reserve fund. $ 5,345,000 $ 5.345,000 Confirmed by ttie Revenue Division $3 mil FY 12-13: S365l< FY 13-14; $1.98 mil FY 14-15 $849,314 $ 849,314 Per memo from June 24, freed up funds from DOF Redevelopment appeal S u b t o t a l o f B o o m e r a n g & RETT I $' '^:-'-K I5,694;3i4:'";.$/>\i5,694',3i4-: ltem# Purpose R e v e n u e R e d u c t i o n s : R e s e r v e C o n t r i b u t i o n s & P r o g r a m m i n g ( N e w ) FY 2013-14 FY 2014-IS Proposed Proposed Expenditures Expenditures One-Time Totals Notes J^a Reserve Contribution ,2g Reserve 2 b Reserve Reserve C o n t r i b u t i o n S 1 5 % a d d e d to CIP R e s e r v e F u n d f o r d e f e r r e d $ infrastructure projects 1 0 % set a s i d e for iong-term iiabtiities $ $ (2,030,000! S (2,090,000) Based on 22% of Boomerang fund S (801,750) $ (801,750) Based onl5% of projected RETT $ (534,500) S (534,500) Based on 10% of projected RETT c= 3 : " - ^ > rf^ -c • • o r- m XT 2 c Reserve 3 Reduced 3 5 % a d d e d to G P F R e s e r v e $ Cuts to elected offices: Council, M a y o r , City $ Attorney's reduction by 2 % each year - $ • $ (1,870,750) $ (1,870,750) Based on 35% of projected RETT (311,103) S (711,218) $ (139,162) S 0 .^Q^ ,483) Based on Kerruglinn Proposal; restore 3% in Yl and 8% in Y2; Partial cut expires to City Attorney's office !;SC-^:.V: {31lIi03ST$ir^71i;218)),$^i:|5,436,i62)"$j;:;:(6;458";4g3}: itemti 4 Confirmed A D D I T I O N A L R E V E N U E P R O J E C T I O N S Enhanced Parking Enforcement (PER C A O M e m o 6 / 1 2 , p4); adds 4 PST II in O P D - $ 1,700,160 $ 1,700,160 Based on Labor recommendation; confirmed by Revenue Division 5 Confirmed 5 Confirmed 7 Confirmed 8 Confirmed Increased Projections of Parking Revenues $ 250,000 S 500,000 $ 750,000 Confirmed by Revenue Division Revised Revenue Projections as of 3"" Quarter $ 3,020,000 S 2,460,000 S - $ 5,480,000 Revised per OFCY True-up included as an Report (as of 5/22/13) ^"P^"'^ Triple Flip Funds S - $ - $ 2,100,000 $ 2,100,000 Confirmed by Revenue Division $2.1M Ix Undesignated Fund Balance from the FY'12- $ - S 1,578,802 $ • - $ 1,578,802 Based on Appendix 8 in Q3 R&E. '13 F u n d s A v a i l a b l e f o r P r o g r a m m i n g (before 3,020,000 $ 4,288,802 S 4,300,160 S 11,608,952 :-i2;70B,89xK$^ •. 3!577;584i^^'$ II 4 ^558 ;312 b r$kr 20;844,7931 2 0 1 3 - 2 0 1 5 A L L - I N Budget P r o p o s a l 1 0 f 6 R e v i s e d 6 / 2 4 / 2 0 1 3 1:42 P M