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CITY OF SANTA BARBARA

CITY OF SANTA BARBARA. Budget Overview APA Citizens Academy Paul Casey, Assistant City Administrator October 15, 2013. PRESENTATION OUTLINE. Overview of State of City Finances General Fund Multi-Year Forecast Salary and Benefits Enterprise Funds. OVERVIEW. OVERVIEW.

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CITY OF SANTA BARBARA

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  1. CITY OF SANTA BARBARA Budget Overview APA Citizens Academy Paul Casey, Assistant City Administrator October 15, 2013

  2. PRESENTATION OUTLINE • Overview of State of City Finances • General Fund • Multi-Year Forecast • Salary and Benefits • Enterprise Funds City of Santa Barbara • Finance Department

  3. OVERVIEW City of Santa Barbara • Finance Department

  4. OVERVIEW • National recession severely impacted local governments statewide • Rising pension costs have exacerbated economic impacts • City made it through tough times in a good financial condition • Quick and early action • 10% reduction to General Fund • Budget reflects much improved local economy • General Fund tax revenues have been strong City of Santa Barbara • Finance Department

  5. OVERVIEW • Challenges still ahead • Unfunded Infrastructure - $200-400 million • Increasing pension costs • Enterprise Funds • Only one enterprise fund – the Golf Fund – was impacted significantly by the recession • Remaining enterprise funds are in good shape and reserves are fully funded City of Santa Barbara • Finance Department

  6. CITYWIDE TOTALSOperating Budgets Total FY 2014 Operating Budgets - $264.1 Million City of Santa Barbara • Finance Department

  7. GENERAL FUND City of Santa Barbara • Finance Department

  8. GENERAL FUNDExpenditures – by Department Total FY 2014 Expenditures - $110,447,263 City of Santa Barbara • Finance Department

  9. GENERAL FUNDExpenditures – by Department Public Safety = 54% Total FY 2014 Expenditures - $110,447,263 City of Santa Barbara • Finance Department

  10. GENERAL FUNDExpenditures – by Department Non-Safety Operating Departments = 33% Total FY 2014 Expenditures - $110,447,263 City of Santa Barbara • Finance Department

  11. GENERAL FUNDExpenditures – by Department Administrative Departments = 11% Total FY 2014 Expenditures - $110,447,263 City of Santa Barbara • Finance Department

  12. GENERAL FUNDExpenditures – by Department Debt Service $ 350,745 Capital 1,000,000 Comm. Prom. 2,011,213 Approp. Reserve 431,200 Total FY 2014 Expenditures - $110,447,263 City of Santa Barbara • Finance Department

  13. CITYWIDE TOTALSFY 2014 Capital Program $20.2 Million $11.3 Million Total Capital Program - $40,149,006 City of Santa Barbara • Finance Department

  14. STATE OF CITY’S FINANCESSales Tax Revenues – 2005 - 2012 $20.3 M $19.1 M 2007 2008 2006 2005 2012 2009 2011 2010

  15. STATE OF CITY’S FINANCES Property Tax Revenues – 2005 - 2012 $23.2 M $23.7 M 2008 2010 2012 2011 2009 2007 2006 2005

  16. STATE OF CITY’S FINANCES TOTRevenues – 2005 - 2012 $13.6 M $12.9 M 2011 2012 2008 2009 2010 2007 2005 2006

  17. STATE OF CITY’S FINANCES Budget Changes – Last 4 Years

  18. STATE OF CITY’S FINANCES Expenditures Trends $105.7M $97.9M Amounts Exclude Capital

  19. STATE OF CITY’S FINANCES Position Changes – Last 2 Years

  20. STATE OF CITY’S FINANCES Position Totals 1,067 1,076 1,084 1,045 1,011 1,014 999 594 609

  21. STATE OF CITY’S FINANCES Status of Reserves City of Santa Barbara • Finance Department

  22. Multi-YearProjections City of Santa Barbara • Finance Department

  23. FY 2014/2015 PROJECTIONSKey Tax Revenues

  24. SALARY AND BENEFITS City of Santa Barbara • Finance Department

  25. FY 2014 & 2015 PROJECTIONS Salary and Benefits • Salary Trends • Retirement Costs • Health Insurance Premiums City of Santa Barbara • Finance Department

  26. FY 2014 & 2015 PROJECTIONSSalary & Benefits – Last 5 Years

  27. FY 2014 & 2015 PROJECTIONS PERS Assumptions City Paid Portion of Contribution Rates

  28. ENTERPRISE FUNDS City of Santa Barbara • Finance Department

  29. ENTERPRISE FUNDS • Funded almost entirely from user fees (no tax support) • Water • Wastewater • Airport • Downtown Parking • Waterfront • Golf • Solid Waste City of Santa Barbara • Finance Department

  30. ENTERPRISE FUNDSWater Fund • $33.2M Operating Budget; $11M Capital Budget • Water sales higher than normal – dry weather • General decline due to increased conservation, however • $57 million in capital improvements over 13 years • Financed by low-interest State loans from DWR • $18.2 million in capital projects over next 2 years • $8.1 million in annual main replacement program • $7.9 million to replace Recycled Water System City of Santa Barbara • Finance Department

  31. ENTERPRISE FUNDSWastewater Fund • $14.7M Operating Budget; $12.5M Capital Budget • $26.9M in capital projects planned over next 2 years • $18.5M from State Revolving Loan (or Bonds) • $1.4M from Reserves • Capital Program – 2014 & 2015 • El Estero Air Process Improvements - $18.5M • Pipeline replacement - $2.3M + $1.8 M = $4.1M • Other improvements (primarily El Estero) - $4.3M City of Santa Barbara • Finance Department

  32. ENTERPRISE FUNDSAirport Fund • $18.4M Operating Budget • Terminal construction complete • Additional revenues will cover increased costs of larger facility • Passenger counts have been on the rise • Larger terminal + new TSA requirements impacting security operations • Recommended budget includes a reorganization of security operations and the addition of 4 full-time staff City of Santa Barbara • Finance Department

  33. ENTERPRISE FUNDSWaterfront Fund • $11.9M Operating Budget; $1.5M Capital Budget • Revenues primarily derived from: • Slip fees • Parking fees • Lease income from shops and restaurants • Loss of lease from Maritime Museum ($144,000/yr) • Estimated $300,000 in landing fees from cruise lines City of Santa Barbara • Finance Department

  34. ENTERPRISE FUNDSGolf Fund • $1.9M Operating Revenue • Finances Struggled Through Recession • Revenues and play have gradually increased since their lows in 2010 • FY 2014 revenues reflect 11.3% increase • Closure of Ocean Meadows Golf Course (assumed 20%) • $1 increase to most green fees • New Player Course Improvement Fee of $1 per round – dedicated to specific projects City of Santa Barbara • Finance Department

  35. ENTERPRISE FUNDSDowntown Parking Fund • $7.1M Operating Revenue • $2.3M in Capital Over Next Two Years • Accounts for operation and maintenance of: • 7 hourly surface lots; 5 hourly parking structures; 2 commuter lots (permit); two 90-minute lots • Integral to economic vitality of City – Saved From State in Redevelopment Dissolution • Hourly parking revenues reached all-time high in FY 2012 at $4.725 million ($4.5 M in 2008) City of Santa Barbara • Finance Department

  36. ENTERPRISE FUNDSSolid Waste Fund • Accounts for all City solid waste activities: • Collection, Disposal, Recycling, Regional programs • Operating budget totals $19.9 Million • $17.3 M paid to MarBorg • FY 2014 recycling revenues estimated $449,816 City of Santa Barbara • Finance Department

  37. Questions? City of Santa Barbara • Finance Department

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