|
<br />GENERAL FUND
<br />
<br />The General Fund finances the operations of the City that have no special or dedicated
<br />revenue sources. This Fund pays for the basic operations of the City. Over one -half of
<br />the General Fund revenue is allocated to support public safety activities . Fiscal Years
<br />2019-20 and 2020-21 General Fund expenditures total $116,790,000 and $120,349,000,
<br />respectively. Expected revenues in the amount of $116,867,000 and $118,045,000
<br />finance these anticipated expenditures.
<br />
<br />
<br />GENERAL FUND REVENUE
<br />In fiscal year 2018-19, overall revenues from taxes, franchises, licenses and permits,
<br />fines and penalties, money and property, and charges for services are projected to
<br />increase by 3.4% over 2017-18. Of the projected general fund revenue $115,255,000 in
<br />2018-19, 68% is generated from only three sources: sales tax, property tax, and UUT.
<br />$20,000,000 is added to the General Fund Revenue, representing an extraordinary item
<br />resulting from the December 2018 lease revenue bond issue for the General Fund
<br />contribution to the CIP.
<br />
<br />
<br />
<br />Sales tax revenue is projected to increase by 2.3% in 2019 -20 and decrease 1.1% in
<br />2020-21. Sales tax revenues for both years amount to approximately 39% of total general
<br />fund revenues/resources. These revenues include Measure HH amounts of over $11
<br />Expenditures by Fund 2016-17 2017-18 2018-19 2019-20 2020-21
<br />(Dollars in thousands)Actual Actual Adopted Proposed Proposed
<br />General Fund 101,997$ 109,379$ 117,316$ 116,790$ 120,349$
<br />Special Revenue Funds 12,756 13,266 21,031 18,752 18,182
<br />Capital Project Funds 3,480 7,641 7,615 5,300 5,000
<br />Debt Service Funds 19,092 2,824 2,770 3,635 3,630
<br />Enterprise Funds 14,988 16,799 19,841 18,865 20,685
<br />Internal Service Funds 19,363 14,822 17,621 16,249 16,124
<br />Successor Agency Funds 3,333 7,907 4,021 6,297 6,842
<br />Total Operating Expenditures 175,011$ 172,638$ 190,215$ 185,888$ 190,812$
<br />General Fund Revenues/Resources 2016-17 2017-18 2018-19 2019-20 2020-21
<br />(Dollars in thousands)Actual Actual Projected Proposed Proposed
<br />Property Tax 20,858$ 22,994$ 23,660$ 24,441$ 25,243$
<br />Sales Tax 41,728 42,990 43,565 45,061 44,556
<br />Utility User Tax 10,932 10,640 10,414 10,798 10,898
<br />Real Property Transfer Tax 5,459 5,176 5,000 5,000 5,000
<br />All Other Revenue 26,976 29,789 52,617 31,567 32,348
<br /> Total Revenues/Resources 105,953$ 111,589$ 135,255$ 116,867$ 118,045$
<br />10
<br />32
|