HomeMy WebLinkAboutFYE 19-20 Year-End Budget Report MCC 11-18-2020
2019/20
Year
Meeting
End Budget Update
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Fiscal
Year
November 18, 2020 City Council Presented by: Jim Slobojan, Acting Finance Director
:
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ReservesRevenuesExpenditures
FY 2019/20 Year
Gas Tax Budget Carryovers
Overview of General Fund Operating Budget
$32,304,569
Unaudited Actual
FY 19/20 Year-End
19 Impact
$24,081,727
FY 19/20 Estimated COVID-
$29,276,621
FY 19/20 Midyear Estimate
$31,543,452
FY 18/19 Actual
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General Fund Reserves
$38,995,689
FY 17/18 Actual
$30,218,397
FY 16/17 Actual
2019/20 Year
FY
$32,571,653
FY 15/16 Actual
$5,000,000
$40,000,000$35,000,000$30,000,000$25,000,000$20,000,000$15,000,000$10,000,000
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2019/20 Year
FY
$133,805,175
FY 19/20 Year-End Unaudited Actuals
$126,903,574
FY 19/20 Revised for COVID-19 Impacts
$132,098,466
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FY 19/20 Midyear Estimate
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Total General Fund Revenues
$130,743,132
FY 19/20 Amended Budget
2019/20 Year
FY
$132,609,051
FY 18/19 Actuals
$80,000,000$60,000,000$40,000,000
$140,000,000$120,000,000$100,000,000
FY 19/20
$9,193,472
Unaudited Actuals
Covid-19
FY 19/20
$8,768,000
Adjustment
FY 19/20
$9,378,979
Midyear Projected
Measure Z Sales Tax
Actuals
FY 18/19
$9,717,123
Actuals
FY 17/18
$7,453,728
Actuals
FY 16/17
$8,559,046
$0
$8,000,000$6,000,000$4,000,000$2,000,000
$12,000,000$10,000,000
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FY 19/20
$37,704,481
Unaudited Actuals
Covid-19
FY 19/20
Adjustment
$34,495,000
FY 19/20
$38,323,670
Midyear Projected
FY 2019/20 Year
Actuals
FY 18/19
$38,337,628
Sales & Use Tax
Actuals
FY 17/18
$35,315,122
Actuals
FY 16/17
$33,959,397
$39,000,000$38,000,000$37,000,000$36,000,000$35,000,000$34,000,000$33,000,000$32,000,000$31,000,000
$22,680,847
Unaudited Actuals FY 19/20
$23,300,000
FY 19/20 Covid-19 Adjustment
$23,300,000
FY 19/20 Midyear Projected
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$22,924,522
Actuals FY 18/19
Utility User Tax (UUT)
$23,666,459
Actuals FY 17/18
2019/20 Year
FY
$23,591,923
Actuals FY 16/17
$0
$5,000,000
$25,000,000$20,000,000$15,000,000$10,000,000
$17,487,842
Unaudited Actuals FY 19/20
$16,805,900
FY 19/20 Covid-19 Adjustment
$16,805,900
FY 19/20 Midyear Projected
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$16,054,643
Actuals FY 18/19
Property Tax in Lieu of VLF
2019/20 Year
$17,429,345
Actuals FY 17/18
FY
$12,983,755
Actuals FY 16/17
$0
$5,000,000
$20,000,000$15,000,000$10,000,000
$11,812,361
Unaudited Actuals FY 19/20
$10,130,000
FY 19/20 Covid-19 Adjustment
$10,130,000
FY 19/20 Midyear Projected
Fees
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Franchise
$10,678,437
Actuals FY 18/19
$9,853,443
2019/20 Year
Actuals FY 17/18
FY
$9,992,918
Actuals FY 16/17
0
8,000,0006,000,0004,000,0002,000,000
14,000,00012,000,00010,000,000
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2019/20 Year
FY
FY 19/20
ACTUALS
$132,143,273
YEAR-END UNAUDITED
Actuals
$134,365,299
COVID-19 IMPACTS
FY 19/20 REVISED FOR
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FY 19/20
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$134,365,299
MIDYEAR ESTIMATE
Fund Expenditures
FY 19/20
$135,171,738
BUDGET CARRYOVER TO FY 20-21
AMENDED BUDGET
2019/20 Year
Total General
FY
FY 18/19
ACTUALS
$140,178,514
143,000,000 140,000,000 137,000,000 134,000,000 131,000,000 128,000,000 125,000,000 122,000,000
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2019/20 Year
FY
Gas Tax Fund Summary:
)
$719,403
-
$798,439)
-
(GF
(GF
end close process to continue budget
-
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$31,510,226
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$5,682,098
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are part of the year
2019/20 Year
Carryovers
Appropriations
FY
carryovers
Encumbrance Continuing
udget
Budget Carryovers Bappropriations into FY 2020/21 that were previously approved by the Mayor and Council in FY 2019/20. Two types of budget carryovers:
End Budget Update
of the Mayor and City Council of the City
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250
-
end revenue and expenditure analysis update
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2020
2019/20 Year Carryover; and
FY
and file the year
Receive for the fiscal year 2019/20 as set forth in Exhibit I; andAdopt Resolution No. of San Bernardino, California, approving the FY 2019/20 Continuing Appropriations and Encumbrance
Carryovers and amending the FY 2020/21 Budget to include the approved Continuing Appropriations and Encumbrance Authorize the Director of Finance to amend the FY 2020/21 budget to
appropriate $602,430 of Gas Tax funds to the Street Light Replacement project.
Recommendations:
December
in
obligations
End Audit:
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End Budget Update
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Budget Update
FY 2019/20 Year
Quarter
2019/20 Year
2021
FY
Year Budget Update in March
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Comprehensive Financial Report (CAFR)Detail on other fundsDetail on long term assets and
FY 2020/21 First February Mid
Going Forward: Questions/Discussion