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Home My WebLink AboutBudget Presentation June 24 2020 1 FY 2020/21 Proposed Budget 2 t e g d u B d e s o p o r P 1 2 / 0 2 0 Year Forecast - 2 City Manager’s Opening RemarksBackground of Past MeetingsGeneral Fund SummaryReservesCIP Summary Next Steps10 Y Introduction and Agenda: • •••••• F 3 in the nd time revenue - and June 2 st The Mayor & City Council th Proposed Budget reflected an operating deficit of $10.25 million.The Mayor & City Council approved a series of budget reductions and onesources on May 21amount of $7.25 million.On June 17approved a change in the Lease Agreement with Vanir that reduced the deficit from $3,000,464 to $2,872,118.The City is undergoing negotiations with each of the City’s Bargaining Units but, with a restricted timeframe, were unable to reach agreements at this time. •••• d n u o r g k c a B 4 50,000 967,400 820,251 644,848 287,128 1,000,000 3,769,627 General Fund Revenues – * Actions Approved at Prior Meetings Increase to Passport RevenueFee Study RevenueAddition of Cannabis Tax RevenueTransfer from Fund 242 - Street Construction FundTransfer from Fund 123 - Grant FundTransfer of Evidence Funds Summary 5 General Fund Expenditures – Summary 6 Summary of Approved Reduction Measures General Fund Reserves 8 y r y a r o m g e m t u a S C P I y Cb $19,602,740 9 Staff is recommending the use of the Economic Contingency Reserve in order to adopt this budget.Council requested the motion to cut certain accounts in the Mayor’s Office and Council Office be brough back for reconsideration.Once agreements have been reached with Bargaining Units, Staff will return with additional reductions in order to balance the budget. ••• Next Steps FUND BALANCE AS % OF BASE EXPENDITURES 30%20%10%0%-10%-20%-30%-40%-50%-60%-70% $92.6M - FY 2027-28 Fund Balance $73.9M - FY 2026-27 $55.5M - FY 2025-26 $37.5M - FY 2024-25 $19.8M - FY 2023-24 Reflects Measure Z ( – $3.4M - FY 2022-23 Expires $12.9M Measure Z FY 2021-22 $21.2M FY 2020-21 Consolidated General Fund Balance $24.1M COVID 19 FY 2019-20 $31.6M Adopted FY 2019-20 Actual $31.5M Audited FY 2018-19 Year Budget Forecast - $.M $40.M$20.M -$20.M-$40.M-$60.M-$80.M -$100.M CONSOLIDATED GENERAL FUND BALANCE 10 Expiring) FUND BALANCE AS % OF BASE EXPENDITURES 30%20%10%0%-10%-20%-30% $36.3M FY 2027-28 - Fund Balance $27.3M FY 2026-27 - $18.4M FY 2025-26 - $9.6M - FY 2024-25 $.8M - FY 2023-24 – $7.1M FY 2022-23 $15.M Renewal Measure Z FY 2021-22 $21.2M FY 2020-21 Consolidated General Fund Balance COVID 19 $24.1M FY 2019-20 Adopted $31.6M FY 2019-20 Actual Audited $31.5M FY 2018-19 Year Budget Forecast - $.M $40.M$30.M$20.M$10.M -$10.M-$20.M-$30.M-$40.M CONSOLIDATED GENERAL FUND BALANCE 10(Reflects Measure Z Renewal at 0.25) FUND BALANCE AS % OF BASE EXPENDITURES 120%100%80%60%40%20%0% FY 2027-28 $164.3M Fund Balance $143.M FY 2026-27 FY 2025-26 $122.5M FY 2024-25 $102.8M $83.9M FY 2023-24 – $64.9M FY 2022-23 $46.7M FY 2021-22 - $27.6M FY 2020-21 Renewal Measure Z June Receipts Consolidated General Fund Balance $24.1M COVID 19 FY 2019-20 Adopted $31.6M FY 2019-20 $31.5M FY 2018-19 Audited Actual Year Budget Forecast - $.M $80.M$60.M$40.M$20.M $180.M$160.M$140.M$120.M$100.M CONSOLIDATED GENERAL FUND BALANCE 10(Reflects Measure Z Renewal at 1cent) FUND BALANCE AS % OF BASE EXPENDITURES 40%20%0%-20%-40%-60%-80%-100%-120%-140% $192.1M - FY 2027-28 Fund Balance $159.2M - FY 2026-27 $126.6M - FY 2025-26 $94.4M - FY 2024-25 $62.5M - FY 2023-24 – $31.8M - FY 2022-23 $1.3M - FY 2021-22 $21.2M FY 2020-21 Consolidated General Fund Balance $24.1M COVID 19 FY 2019-20 Adopted $31.6M FY 2019-20 Actual Audited $31.5M FY 2018-19 Year Budget Forecast - $.M $50.M -$50.M -$100.M-$150.M-$200.M-$250.M CONSOLIDATED GENERAL FUND BALANCE 10(Reflects Measure Z Expiring & UUT @ 3%) FUND BALANCE AS % OF BASE EXPENDITURES 40%20%0%-20%-40%-60%-80%-100% $135.8M - FY 2027-28 Fund Balance $112.7M - FY 2026-27 $89.5M - FY 2025-26 $66.4M - FY 2024-25 $43.4M - FY 2023-24 – $21.4M - FY 2022-23 $.7M FY 2021-22 $21.2M FY 2020-21 Consolidated General Fund Balance $24.1M COVID 19 FY 2019-20 Adopted $31.6M FY 2019-20 Actual Audited $31.5M FY 2018-19 Year Budget Forecast - $.M $40.M$20.M -$20.M-$40.M-$60.M-$80.M -$100.M-$120.M-$140.M-$160.M CONSOLIDATED GENERAL FUND BALANCE 10(Measure Z Renewal at 0.25 & UUT @ 3%) FUND BALANCE AS % OF BASE EXPENDITURES 50%45%40%35%30%25%20%15%10%5%0% $64.7M FY 2027-28 Fund Balance $57.6M FY 2026-27 $51.4M FY 2025-26 $46.M FY 2024-25 $41.3M FY 2023-24 $36.4M FY 2022-23 – $32.5M FY 2021-22 $27.6M FY 2020-21 Consolidated General Fund Balance $24.1M COVID 19 FY 2019-20 Adopted $31.6M FY 2019-20 $31.5M FY 2018-19 Audited Actual Year Budget Forecast -$.M $70.M$60.M$50.M$40.M$30.M$20.M$10.M CONSOLIDATED GENERAL FUND BALANCE 10(Reflects Measure Z Renewal at 1cent & UUT @ 3%) 16 2020/21 FY 129 of the Mayor and City Council of the - 128 of the Mayor and City Council of the - safety classifications of the City of San Bernardino for Fiscal - time non Adopt Resolution No. 2020Reconsider the June 2, 2020, motion to reduce the Office of the City Reconsider the June 2, 2020, motion to reduce the Office of the - 1. Adopt Resolution No. 2020City of San Bernardino, California approving the City of San Bernardino’s Operating Budget and Capital Improvement Program (CIP) for and establishing the City’s Appropriations Limit as required by Article XIII of the California State Constitution, authorize the Finance Director to amend the FY 2020/21 Budget to fund the recruitment costs for Department Director positions, as needed, using the salary savings of those positions.2.City of San Bernardino, California, and amending the salary schedule for fullYear 2020/21.3.Council’s budget by $25,000 in part time salaries and $28,000 in meetings and conferences for a total of $53,000 in General Fund budget reductions and amend the FY 2020/21 to reflect these changes.4.Mayor’s budget by 12,200 in meetings and conferences and eliminate the State of the City Address Event totaling $20,000 from the Cultural Development Fund and amend the FY2020/21 budget to reflect these changes.5. Direct staff to return to the City Council in July with additional measures to address the projected FY2020/21 deficit. – Conclusion Requested Actions