FY 2009-10 Preliminary Base Budget

CITY OF SIMI VALLEY • PRELIMINARY BASE BUDGET • FY 2009-10 TABLE OF CONTENTS INTRODUCTION LOCAL HOUSING FUND ........................................ 148 CITY MANAGER'S OVERVIEW ................................... i HOME PROGRAM FUND ........................................ 149 GENERAL FUND SPECIAL REVENUE FUNDS CHANGES IN FUND BALANCE ................................... 1 NEW DWELLING FEES FUND .................................. 150 GENERAL FUND REVENUES...................................... 3 TRAFFIC CONGESTION RELIEF FUND...................... 151 GENERAL FUND EXPENDITURES............................... 11 DEVELOPMENT AGREEMENTS FUND ...................... 152 DEPARTMENT EXPENDITURES TRAFFIC IMPACT FEES FUND................................. 153 CITY ADMINISTRATION ........................................ 22 LAW ENFORCEMENT GRANTS FUND....................... 154 CITY ATTORNEY'S OFFICE .................................... 32 FORFEITED ASSETS FUND...................................... 155 DEPARTMENT OF ADMINISTRATIVE SERVICES ....... 38 RETIREE BENEFITS FUND ...................................... 156 DEPARTMENT OF COMMUNITY SERVICES .............. 53 LOCAL TRANSPORTATION FUND............................ 157 DEPARTMENT OF ENVIRONMENTAL SERVICES ....... 67 GASOLINE TAX FUND............................................ 158 DEPARTMENT OF PUBLIC WORKS .......................... 86 LANDSCAPE ZONES AUGMENTATION FUND............ 160 POLICE DEPARTMENT .......................................... 101 SIMI VALLEY LIGHTING MAINTENANCE DISTRICT... 161 POLICE/EMERGENCY SERVICES.......................... 119 POLICE/SPECIAL PROBLEMS SECTION ................. 124 NON-DEPARTMENTAL .......................................... 128 CAPITAL IMPROVEMENT FUNDS STREETS AND ROADS ............................................ 163 INTERNAL SERVICE FUNDS OTHER CAPITAL PROJECTS .................................... 168 LIABILITY INSURANCE FUND ................................ 130 WORKERS' COMPENSATION INSURANCE FUND....... 132 ENTERPRISE FUNDS SIMI VALLEY TRANSIT FUND ................................. 173 COMMUNITY DEVELOPMENT AGENCY FUNDS SANITATION FUND................................................ 181 ADMINISTRATIVE FUND ....................................... 136 VENTURA COUNTY WATERWORKS DISTRICT NO. 8.. 197 MERGED TAPO CANYON/WEST END TIF ................. 141 MADERA ROYALE TIF........................................... 143 SUPPLEMENTAL SCHEDULES HOUSING ADMINISTRATION FUND......................... 144 COMBINED EXPENDITURES AND DISBURSEMENTS .. 210 CHANGES IN GENERAL FUND BALANCE General Fund balance is comprised of two components: the Prudent As in previous years, General Fund balance projections reflect Reserve For Economic Uncertainty and the Reserved Fund anticipated underexpenditures. This amount is used to reduce Balance. The Prudent Reserve for Economic Uncertainty is budgeted and projected expenditures to increase the accuracy of equivalent to 13% of budgeted expenditures as established by the year-end fund balance projections. For Fiscal Year 2009-10, the City Council on May 1, 1995. It represents fiscal resources that amount is $800,000, based on an analysis of prior years. have been set aside for economic uncertainties and is comprised of expenditure savings and revenue surpluses from prior fiscal years. The Reserved Fund Balance constitutes that portion of the General Fund that is restricted for financing purposes. Because the Reserved General Fund Balance may not be available for current year needs, the Prudent Reserve For Economic Uncertainty more accurately reflects the financial condition of the General Fund. The Reserved General Fund balance is comprised of the following: • The Encumbrance Reserve that consists of monies carried over from the previous budget year to pay for prior obligations. • The unpaid balance of loans made from the General Fund to the Community Development Agency. • The unpaid balance of advances made from the General Fund to other City funds. • Loans receivable from various sources. 1 CHANGES IN GENERAL FUND BALANCE FINAL ESTIMATED ACTUAL BUDGET ACTUAL BUDGET PROJECTION PROJECTION 2007-08 2008-09 2008-09 2009-10 2010-11 2011-12 BEGINNING GENERAL FUND BALANCE $37,404,835 $37,404,835 $37,404,835 $37,404,835 $32,452,035 $27,080,235 Current Revenues 62,733,200 62,188,700 61,065,600 56,293,400 57,696,200 59,735,300 Carry Forward from Prior Fiscal Year 731,600 558,300 558,300 (142,700) 0 0 Total Revenues 63,464,800 62,747,000 61,623,900 56,150,700 57,696,200 59,735,300 Expenditures 62,906,500 64,024,200 61,766,600 61,103,500 63,068,000 65,072,600 Anticipated Underexpenditures (1) 0 (1,300,000) 0 (800,000) (800,000) (800,000) Anticipated Reappropriations (1) 0 0 0 800,000 800,000 800,000 Net Expenditures 62,906,500 62,724,200 61,766,600 61,103,500 63,068,000 65,072,600 Revenues less Net Expenditures (2) 558,300 22,800 (142,700) (4,952,800) (5,371,800) (5,337,300) ENDING GENERAL FUND BALANCE $37,404,835 $37,404,835 $37,404,835 $32,452,035 $27,080,235 $21,742,935 Prudent Reserve for Economic Uncertainty $8,177,800 $8,323,100 $8,029,700 $7,943,500 $8,198,800 $8,459,400 Reserved $29,227,035 $29,081,735 $29,375,135 $24,508,535 $18,881,435 $13,283,535 Encumbrance Reserve 911,269 800,000 800,000 800,000 800,000 800,000 CDA Loans 7,919,100 15,025,500 11,367,100 13,451,500 13,451,500 13,451,500 Advances to Other Funds (Various) 19,993,132 12,852,701 16,804,501 9,853,501 4,226,401 (1,371,499) Loans Receivable (Various) 403,534 403,534 403,534 403,534 403,534 403,534 (1) Based on a review of past fiscal years, amounts of anticipated underexpenditures and reappropriations in the General Fund operating Budgets have been estimated in order to refine the projected ending General Fund balance. (2) The actual and estimated actual amounts are carried over to the next fiscal year. 2 GENERAL FUND REVENUES General Fund revenues are largely susceptible to changes in the Fiscal Year 2009-10, and projections for Fiscal Years 2010-11 and economy at the local, state, and national levels. While local 2011-12. changes affect many revenue sources, trends at the state and national level affect both local trends and the ability of the state and Fiscal Year 2009-10 revenue estimates were developed utilizing a federal governments to provide pass-through funding, subventions, variety of methods. A sales tax auditing and consulting service was and grants to municipalities. FY 2008-09 General Fund revenues employed to assist with developing sales tax estimates. Likewise, are expected to be 2.7% less than the prior year. For FY 2009-10, consultants were utilized to assist with developing property tax revenues are projected to decrease an additional 7.8%. estimates. City staff in departments whose activities generate the funds estimated many local sources of revenue. Other local sources The General Fund contains a wide variety of revenue sources of revenue are based on existing agreements with other grouped into the following categories: governmental entities and private sector organizations. Information and projections provided by the California Department of Finance • Taxes and Franchises and the California Controller were utilized to estimate future • Licenses and Permits revenues passed through from the State of California. • Fines and Forfeitures • Use of Money and Property Revenue estimates for years beyond Fiscal Year 2009-10 were • Revenues From Other Governments developed by taking into consideration current trends and historical • Grants data. A percentage multiplier based on projected inflation was utilized in instances where no clear trend line could be identified • Service Charges from current and historical data. • Other Revenues • Transfers In Following are revenue projections for each category: Detailed revenue projections for sources of revenue within each Taxes and Franchises category reflect only known impact factors and conservative This category of revenue sources comprises 76.9% of the General estimates of economic conditions. This is especially true for Fund revenue budget. Major revenue sources within the Taxes and revenue items that are impacted if economic conditions rapidly Franchises category are Property Taxes, Sales and Use Tax, and change, as has occurred in Fiscal Year 2008-09 due to continuation Franchise Taxes. Fiscal Year 2009-10 revenues in the Taxes and of the nationwide mortgage and credit crisis. Projections for each Franchises category are expected to decrease by 5.3% over source of revenue are contained in the General Fund Revenue estimated Fiscal Year 2008-09 receipts. Within the Taxes and schedule on the following pages. This schedule provides actual Franchises category, Property Taxes are projected to decrease by revenue data for Fiscal Year 2007-08, budgeted and estimated 3.9%, based on mandatory reassessments of residential properties actual revenue data for Fiscal Year 2008-09, budgeted revenue for 3 and foreclosures. Sales and Use Tax revenues, which include in- Use of Money and Property lieu Sales Tax revenues resulting from State “Triple Flip” This category comprises 3.0% of the General Fund revenue budget. legislation that exchanges Sales Tax for Property Tax, are expected The major revenue sources in this category are Interest on to further decrease by 9.1% due to continued consumer confidence Investments and Interest on Advances from the General Fund to the issues, a high unemployment rate, and the difficulty of obtaining Community Development Agency, Simi Valley’s redevelopment credit for major purchases

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