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HomeMy WebLinkAbout _ 9.10(a)--General Fund Financial Report for quarter ended March 2023 CITY OF REDDING REPORT TO THE CITY COUNCIL Recommendation Accept the General Fund Quarterly Financial Report for the quarter ended March 31, 2023. Alternative Action The City Council (Council) could choose to reject the report and request additional or different information. Background/Analysis Attached for review and information purposes is the Quarterly Financial Report for the quarter ended March 31, 2023. The report, which only pertains to the City of Redding’s (City) General Fund, is divided into four sections. Section One compares revenue received to-date to budgeted figures. Section Two provides the Council with a summary of all General Fund revenues received for the month of March, as well as a summary of all revenues received year-to-date. This section also compares (1) actual revenues through March 2023 to projected revenues through March 2023, and (2) actual revenues received to-date to the cash flow estimates developed by staff. Section Three summarizes expenditures by division for the month of March, as well as expenditures year-to-date. Section Three also compares (1) actual monthly expenditures to projected monthly expenditures, and (2) actual expenditures to-date to the cash flow estimates developed by staff. Section Four compares actual expenditures to the budget as amended. Revenue Total revenue to-date is $68.8 million, or $2,165,830 (3.3 percent) above staff’s cash flow projection. Below is a breakdown of each of the General Fund revenue sources. MEETING DATE: May 16, 2023 ITEM NO. 9.10(a) FROM: ***APPROVED BY*** grobinett@cityofredding.org btippin@cityofredding.org SUBJECT: 9.10(a)--Consider the City of Redding General Fund Quarterly Financial Report for the quarter ended March 2023 Greg Robinett, Director of Finance/City Treasurer Report to Redding City Council May 10, 2023 Re: 9.10(a)--General Fund Financial Report for quarter ended March 2023 Page 2 Property Tax revenue, year-to-date, totals $14,933,484 or $498,957 (3.5 percent) above staff’s cash flow projection of $14,434,527. Staff is not recommending any changes at this time to property tax. Sales tax revenue, year-to-date, totals $23,275,125 or $2,535,673 (9.8 percent) below staff’s cash flow projection of $25,810,798. Staff is not recommending any changes at this time to projected sales tax revenue. Transient Occupancy Tax revenue, year-to-date, totals $5,575,657 or $23,209 (.4 percent) below staff’s cash flow projection of $5,598,866. Staff is not recommending a change at this time to Transient Occupancy Tax. All other tax revenues’ year-to-date totals are $3,180,516 or $153,003 (5.1 percent) above staff’s cash flow projection of $3,027,513. The other tax revenues include franchise fees, business licenses, real property transfer tax, and cannabis tax. Staff is not recommending any additional changes at this time to all other tax revenues. Revenues from the Internal Departments year-to-date totals $9,639,577 which is $61,757 below staff’s cash flow projection of $9,701,334. Revenues from the Internal Departments include fixed reimbursements for the Cost Allocation Plan, Public Works Administration, NDPES, and In-lieu payments from Redding Electric Utility and the Airport funds. Staff is not recommending any changes at this time to all other tax revenues. Licenses and permit revenues, year-to-date, totals $1,935,988 or $235,150 (13.8 percent) above staff’s cash flow projection of $1,700,838. Staff is not recommending any changes at this time to all other tax revenues. Fines and Penalties revenues, year-to-date, totals $921,430 which is $493,316 above staff’s cash flow projection of $428,114. This includes an adjustment made for uncollectable fines and penalties as estimated by staff through March 2023. Staff is not recommending any changes at this time to all other tax revenues. Revenues from Other Governmental Agencies, year-to-date, totals $2,536,890 which is $1,560,372 (59.8 percent) above staff’s cash flow projection of $976,518. This is primarily due to the timing of completion of various capital projects. Staff is not recommending any changes at this time to all other governmental revenues. Charges for current services, year-to-date, totals $3,965,846 which is $1,466,315 above staff’s cash flow projection of $2,499,531. Staff is not recommending any changes at this time to charges for current services. All remaining revenue, year-to-date, totals $5,165,331 or $1,905,861 (58.5 percent) above staff’s cash flow projection of $3,259,470. Staff is not recommending any changes at this time for other revenue projections. Expenditures Expenditures through March 2023 (excluding encumbrances) total $84,864,614 or $4,131,987 (4.6 percent) below staff’s projection. Encumbrances at month-end total $6,062,668. Report to Redding City Council May 10, 2023 Re: 9.10(a)--General Fund Financial Report for quarter ended March 2023 Page 3 The City of Redding General Fund budgets for overtime expenses throughout various City Departments. The overtime expenditures, through the quarter ending March 2023, total $4,598,429 or $1,682,339 over staff projections. • Police Overtime is $1,497,745 or $392,995 above staff projection • Fire Overtime is $2,967,370 or $1,221,017 above staff projection • Community Services Overtime is $65,039 or $59,789 above staff projection • Public Works Overtime is $52,647 or $147 above staff projection • All Other Overtime is $15,629 or $8,340 above staff projection Although all of these expenses are over budget there are no additional budget amendments necessary at this time. Each department is projected to have adequate savings in other personnel budget items, additional cross charges to other City departments, and unbudgeted revenues that cover costs incurred. Reserves As of March 31, 2023, the General Fund Cash Balance was $22,882,697 or 22.7 percent. At year end, the ten-year plan projects the reserve to be 22.6 percent. This could change depending upon the final revenue and expenditure performance. Typically, the adjustment to the reserve is performed upon completion of the annual audit. Staff is not recommending any changes to the projected reserves at this time. Environmental Review This is not a project defined under the California Environmental Quality Act, and no further action is required. Council Priority/City Manager Goals • Budget and Financial Management – “Achieve balance and stable 10-year Financial Plans for all funds.” • Communication and Transparency – “Improve the quality of communication with the public and City employees to enhance knowledge and increase transparency to improve public trust.” Attachments Quarterly Report March 2023 Quarterly Report APPENDIX A COMPARATIVE SUMMARY OF GENERAL FUND REVENUES AND EXPENDITURES For the Period July 2022 through March 2023 Cash Flow Estimate Actual Actual Actual Estimate Actual Actual Actual Revenue FYE 2023 FYE 2023 FYE 2022 FYE 2021 FYE 2023 FYE 2022 FYE 2021 FYE 2020 Sales tax $25,810,798 $23,275,125 $24,447,406 $22,200,305 $33,206,810 $28,374,570 $30,189,084 $25,859,713 Property tax 14,434,527 14,933,484 13,915,331 13,116,084 25,339,140 23,961,450 22,820,856 21,182,617 Transient Occupancy Tax 5,598,866 5,575,657 6,252,592 4,230,524 7,529,510 5,399,530 5,915,535 5,352,432 Internal Departments 9,701,334 9,639,577 9,999,908 9,306,878 12,935,160 12,992,510 13,090,570 11,537,660 Revenue from Other Governments 976,518 2,536,890 1,447,188 2,060,937 2,142,400 4,581,750 2,929,851 4,309,727 Other 10,118,733 12,845,873 13,255,744 11,010,489 13,960,530 13,913,980 14,679,657 16,362,005 Total Revenue $66,640,776 $68,806,606 $69,318,169 $61,925,217 $95,113,550 $89,223,790 $89,625,553 $84,604,154 The above revenue chart excludes transfers Cash Flow Estimate Actual Actual Actual Budgeted Actual Actual Actual Expenditures FYE 2023 FYE 2023 FYE 2022 FYE 2021 FYE 2023*FYE 2022 FYE 2021 FYE 2020 Police $31,269,915 $31,749,150 $28,756,537 $25,212,310 $44,413,140 $39,682,218 $35,049,109 $31,641,369 Fire 18,177,743 19,442,738 19,463,711 20,662,519 25,842,440 26,045,242 28,526,091 21,774,444 Public Works 12,430,268 11,865,088 6,335,943 4,851,817 23,324,000 9,511,416 7,221,574 6,889,613 Development Services 4,958,079 4,149,824 3,843,482 3,746,516 7,354,030 5,170,813 5,319,892 4,556,208 Community Services 8,301,410 5,757,744 4,698,787 3,958,102 10,114,410 6,773,247 5,936,020 5,550,231 Other 13,859,186 11,900,070 8,761,239 8,552,280 20,352,120 12,630,296 10,132,220 9,533,422 Total Expenditures $88,996,601 $84,864,614 $71,859,699 $66,983,544 $131,400,140 $99,813,232 $92,184,906 $79,945,287 *Includes carryover amount of $27,511,010 from prior year's budget. July through March Amounts Total For Fiscal Year Comparison of General Fund Revenues and Expenditures (Budgetary Basis) Report for the Period July through March, 2023 REVENUE COMPARISON July through March Amounts Total For Fiscal Year EXPENDITURE COMPARISON $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 Sales Tax Property Tax TOT Other Gov. Internal Other General Fund Revenues Through March 2023 (In Thousands) Budget Actual Prior Year $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 Police Fire Public Works Development Services Community Services Other Expenditures General Fund Expenditures Through March 2023 (In Thousands) Budget Actual Prior Year Section One Actual Revenues Compared to Cash Flow Estimates RVR213A CITY OF REDDING 10:39:10 4/06/2023 Finance Department MONTH OF MAR. 2023 COMPARATIVE SUMMARY OF ACTUAL REVENUES GENERAL FUNDS ----------------- Current Month ------------------ ------------------ Year to Date ------------------ Monthly Over YTD Over Projection Actual (Under) % Projection Actual (Under) %___________ ___________ ___________ _____ ___________ ___________ ___________ _____ GENERAL FUND TAXES Property Taxes 7,333 - (7,333) 0.0 14,434,527 14,933,484 498,957 103.4 Sales Tax-Nondedicated 2,465,597 2,339,181 (126,416) 94.8 25,810,798 23,275,125 (2,535,673) 90.1 Transient Occupancy Tax 553,059 466,959 (86,100) 84.4 5,598,866 5,575,657 (23,209) 99.5 Viacom Cablevision - - - - 692,655 670,146 (22,509) 96.7 Pacific Gas & Electric Co. - 29,148 29,148 - - 29,148 29,148 - Business License Tax 72,916 73,621 705 100.9 656,244 725,361 69,117 110.5 Real Property Transfer Tax 29,166 16,488 (12,678) 56.5 262,494 336,440 73,946 128.1 Commercial Cultivation Cannabis - - - - 103,620 115,415 11,795 111.3 Retail Cannabis Business Tax - 80,334 80,334 - 1,312,500 1,297,658 (14,842) 98.8 Other Commercial Cannabis Business Tax - - - * - 6,348 6,348 *___________ ___________ ___________ _____ ___________ ___________ ___________ _____ Total Taxes 3,128,071 3,005,731 (122,340) 96.0 48,871,704 46,964,782 (1,906,922) 96.0___________ ___________ ___________ _____ ___________ ___________ ___________ _____ LICENSES AND PERMITS Animal Licenses 3,333 5,860 2,527 175.8 29,997 43,662 13,665 145.5 Building Permits 134,862 76,301 (58,561) 56.5 1,213,758 1,128,435 (85,323) 92.9 Engineering Encroachment Permit 7,500 3,292 (4,208) 43.8 67,500 243,335 175,835 360.4 Electical Permits 16,349 18,562 2,213 113.5 147,141 244,382 97,241 166.0 Transportation Permit 775 1,908 1,133 246.1 6,975 6,988 13 100.1 Plumbing Permits 9,099 8,001 (1,098) 87.9 81,891 84,900 3,009 103.6 Mechanical Permit 16,231 17,888 1,657 110.2 146,079 167,890 21,811 114.9 Engineering Grading Permits 833 1,518 685 182.2 7,497 16,396 8,899 218.7___________ ___________ ___________ _____ ___________ ___________ ___________ _____ Total Licenses and Permits 188,982 133,330 (55,652) 70.5 1,700,838 1,935,988 235,150 113.8___________ ___________ ___________ _____ ___________ ___________ ___________ _____ FINES, FORFEITS, AND PENALTIES Traffic Safety Fines 28,791 63,776 34,985 221.5 351,839 738,841 387,002 209.9 Code Enforcement Fines 12,166 207,855 195,689 708.4 109,494 1,489,961 1,380,467 360.7 Other Fines & Fees 4,416 7,630 3,214 172.7 39,744 65,926 26,182 165.8 Cannabis Delinquency Penalty - 12,540 12,540 * - 24,589 24,589 *___________ ___________ ___________ _____ ___________ ___________ ___________ _____ Total Fines, Forfeits & Penalties 45,373 291,801 246,428 643.1 501,077 2,319,317 1,818,240 462.8___________ ___________ ___________ _____ ___________ ___________ ___________ _____ REVENUE FROM INTERNAL DEPARTMENTS Fixed Reimbursements 421,817 421,818 1 100.0 3,796,353 3,796,365 12 100.0 Fixed Reimbursement Public Works Admin 76,317 69,452 (6,865) 91.0 686,853 625,065 (61,788) 91.0 Fixed Reimbursement NDPES 38,810 38,811 1 100.0 349,290 349,297 7 100.0 In-lieu Payment from 821--Muni Airport 20,416 20,417 1 100.0 183,744 183,750 6 100.0 In-Lieu Payment from Division 854-Electric 520,566 520,567 1 100.0 4,685,094 4,685,100 6 100.0___________ ___________ ___________ _____ ___________ ___________ ___________ _____ Total Revenue from Internal Departments 1,077,926 1,071,065 (6,861) 99.3 9,701,334 9,639,577 (61,757) 99.3___________ ___________ ___________ _____ ___________ ___________ ___________ _____ * Unbudgeted revenue 1 RVR213A CITY OF REDDING 10:39:10 4/06/2023 Finance Department MONTH OF MAR. 2023 COMPARATIVE SUMMARY OF ACTUAL REVENUES GENERAL FUNDS (continued) ----------------- Current Month ------------------ ------------------ Year to Date ------------------ Monthly Over YTD Over Projection Actual (Under) % Projection Actual (Under) %___________ ___________ ___________ _____ ___________ ___________ ___________ _____ GENERAL FUND REVENUE FROM OTHER GOVERMENTAL AGENCIES State Grant Operating for General Gov't 25,000 83,902 58,902 335.6 225,000 194,844 (30,156) 86.5 Federal Grant-Operating-General Gov't - 21,512 21,512 - - 162,760 162,760 - Shasta County Grant - Operating - Police 19,601 8,836 (10,765) 45.0 176,409 79,116 (97,293) 44.8 SHASTA CO OPERATING REIMB-POLICE - - - - - 69,840 69,840 - State Reimbursement - - - * - 908,992 908,992 * STATE LEGISLATIVE REVENUE OPERATING-POLICE - - - * - (3,862) (3,862) * Reimbursement of Mandated Costs 4,750 - (4,750) 0.0 42,750 101,535 58,785 237.5 POST Grant - Operating - Police 4,750 11,103 6,353 233.7 42,750 102,605 59,855 240.0 Home Owner Property Tax Relief 12,750 - (12,750) 0.0 114,750 71,848 (42,902) 62.6 Motor Vehicle In-Lieu Tax - 96,184 96,184 - 45,000 96,184 51,184 213.7 School District Contrib-Operating-Police 22,327 12,038 (10,289) 53.9 200,943 541,688 340,745 269.5 Redding Rancheria Payment 10,158 - (10,158) 0.0 91,422 91,425 3 100.0 Contribution RABA - Operating - Police 2,083 2,083 - 100.0 18,747 18,750 3 100.0 Buckeye Fire Service Dist-Operating-Fire - - - * - 5,000 5,000 * Buckeye Fire District - Capital - Fire - 700 700 * - 80,087 80,087 * SHASCOM - Payroll 2,083 - (2,083) 0.0 18,747 16,078 (2,669) 85.7___________ ___________ ___________ _____ ___________ ___________ ___________ _____ Total Revenue - Other Government Agencies 103,502 236,358 132,856 228.3 976,518 2,536,890 1,560,372 259.7___________ ___________ ___________ _____ ___________ ___________ ___________ _____ OTHER REVENUES Late Fees 141,666 132,643 (9,023) 93.6 1,274,994 1,217,471 (57,523) 95.4 Contributions - Operating - General Gov't 36,661 105,350 68,689 287.3 189,843 139,053 (50,790) 73.2 Compensation - Loss & Property Damage - 34,845 34,845 - - 74,418 74,418 - Miscellaneous Receipts 24,706 78,293 53,587 316.8 268,054 470,050 201,996 175.3 Reimbursement 22,523 - (22,523) 0.0 202,707 286,522 83,815 141.3___________ ___________ ___________ _____ ___________ ___________ ___________ _____ Total Other Revenues 225,556 351,131 125,575 155.6 1,935,598 2,187,514 251,916 113.0___________ ___________ ___________ _____ ___________ ___________ ___________ _____ CHARGES FOR CURRENT SERVICES Planning Permits (Subdivisions) 41,144 59,385 18,241 144.3 370,296 386,497 16,201 104.3 Building Plan - Record Fees 1,538 2,488 950 161.7 13,842 21,724 7,882 156.9 Building Plan - Check Fees 47,325 46,552 (773) 98.3 425,925 594,223 168,298 139.5 Fees for Outside Plan Checks 95 - (95) 0.0 855 - (855) 0.0 Plan Check Fees - Fire Department 6,250 5,925 (325) 94.8 56,250 91,330 35,080 162.3 Engineering Land Development Fees 8,333 (33,542) (41,875) 402.5 74,997 387,785 312,788 517.0 Technology Surcharge 10,134 16,904 6,770 166.8 91,206 170,631 79,425 187.0 Cannabis Application & Permit Fees 39,570 139,368 99,798 352.2 356,130 523,544 167,414 147.0 Sale of Publications 7 8 1 114.2 63 174 111 276.1 Animal Shelter Fees 583 428 (155) 73.4 5,247 4,204 (1,043) 80.1 Inspection Fees 241 53 (188) 21.9 2,169 3,432 1,263 158.2 Fingerprint Fees 833 910 77 109.2 7,497 5,699 (1,798) 76.0 Fire Permits & Fees 24,166 14,535 (9,631) 60.1 217,494 73,762 (143,732) 33.9 * Unbudgeted revenue 2 RVR213A CITY OF REDDING 10:39:10 4/06/2023 Finance Department MONTH OF MAR. 2023 COMPARATIVE SUMMARY OF ACTUAL REVENUES GENERAL FUNDS (continued) ----------------- Current Month ------------------ ------------------ Year to Date ------------------ Monthly Over YTD Over Projection Actual (Under) % Projection Actual (Under) %___________ ___________ ___________ _____ ___________ ___________ ___________ _____ GENERAL FUND CHARGES FOR CURRENT SERVICES DUI - Emergency Response 6,149 7,307 1,158 118.8 55,341 93,307 37,966 168.6 Swimming Pool Receipts 13,380 9,027 (4,353) 67.4 120,420 26,867 (93,553) 22.3 RAC Swim Shop / Rental 3,250 90 (3,160) 2.7 29,250 18,443 (10,807) 63.0 RAC Admission 10,513 - (10,513) 0.0 94,617 62,520 (32,097) 66.0 RAC Swim Team 1,051 - (1,051) 0.0 9,459 6,554 (2,905) 69.2 Swimming Pool Concession 5,256 - (5,256) 0.0 47,304 32,533 (14,771) 68.7 Other Charges & Fees 12,302 2,906 (9,396) 23.6 105,720 656,696 550,976 621.1 Recreation Sports 46,161 52,568 6,407 113.8 415,449 358,794 (56,655) 86.3 INVESTMENT/BANK CHARGE HOLDING ACCT - 111,656 111,656 * - 447,127 447,127 * Bad Debt Writeoff (8,107) (624,630) (616,523) 704.8 (72,963) (1,397,887) (1,324,924) 915.8___________ ___________ ___________ _____ ___________ ___________ ___________ _____ Total Charges for Current Services 270,174 (188,062) (458,236) 69.6 2,426,568 2,567,959 141,391 105.8___________ ___________ ___________ _____ ___________ ___________ ___________ _____ REVENUE FROM THE USE OF MONEY & PROPERTY Rental - Land or Facility 42,680 67,891 25,211 159.0 384,120 342,490 (41,630) 89.1 SHASCOM Base Rent - Police Portion 6,058 1,497 (4,561) 24.7 54,522 74,479 19,957 136.6 Investment Income 9,833 36,356 26,523 369.7 88,497 237,159 148,662 267.9 Fiscal Agent Investment Income - - - * - 451 451 *___________ ___________ ___________ _____ ___________ ___________ ___________ _____ Total Revenue - Use of Money & Property 58,571 105,744 47,173 180.5 527,139 654,579 127,440 124.1___________ ___________ ___________ _____ ___________ ___________ ___________ _____ TOTAL GENERAL FUND 5,098,155 5,007,098 (91,057) 98.2 66,640,776 68,806,606 2,165,830 103.2 =========== =========== =========== ===== =========== =========== =========== ===== RVR213A 10:39:10 4/06/2023 3 Section Two Comparative Summary of Actual Revenues RVR213B CITY OF REDDING 10:39:10 4/06/2023 Finance Department MONTH OF MAR. 2023 COMPARATIVE SUMMARY OF ACTUAL REVENUES GENERAL FUNDS ------------------ Budget Year ------------------- Budget Over As Amended Actual (Under) %___________ ___________ ___________ _____ GENERAL FUND TAXES Property Taxes 25,339,140 14,933,484 (10,405,656) 58.9 Sales Tax-Nondedicated 33,206,810 23,275,125 (9,931,685) 70.0 Transient Occupancy Tax 7,529,510 5,575,657 (1,953,853) 74.0 Viacom Cablevision 923,540 670,146 (253,394) 72.5 Pacific Gas & Electric Co. 351,200 29,148 (322,052) 8.2 Business License Tax 875,000 725,361 (149,639) 82.8 Real Property Transfer Tax 350,000 336,440 (13,560) 96.1 Commercial Cultivation Cannabis 138,160 115,415 (22,745) 83.5 Retail Cannabis Business Tax 1,750,000 1,297,658 (452,342) 74.1 Other Commercial Cannabis Business Tax - 6,348 6,348 *___________ ___________ ___________ _____ Total Taxes 70,463,360 46,964,782 (23,498,578) 66.6___________ ___________ ___________ _____ LICENSES AND PERMITS Animal Licenses 40,000 43,662 3,662 109.1 Building Permits 1,618,350 1,128,435 (489,915) 69.7 Engineering Encroachment Permit 90,000 243,335 153,335 270.3 Electical Permits 196,200 244,382 48,182 124.5 Transportation Permit 9,300 6,988 (2,312) 75.1 Plumbing Permits 109,200 84,900 (24,300) 77.7 Mechanical Permit 194,790 167,890 (26,900) 86.1 Engineering Grading Permits 10,000 16,396 6,396 163.9___________ ___________ ___________ _____ Total Licenses and Permits 2,267,840 1,935,988 (331,852) 85.3___________ ___________ ___________ _____ FINES, FORFEITS, AND PENALTIES Traffic Safety Fines 518,860 738,841 219,981 142.3 Code Enforcement Fines 146,000 1,489,961 1,343,961 20.5 Other Fines & Fees 53,000 65,926 12,926 124.3 Cannabis Delinquency Penalty - 24,589 24,589 *___________ ___________ ___________ _____ Total Fines, Forfeits & Penalties 717,860 2,319,317 1,601,457 323.0___________ ___________ ___________ _____ REVENUE FROM INTERNAL DEPARTMENTS Fixed Reimbursements 5,061,820 3,796,365 (1,265,455) 75.0 Fixed Reimbursement Public Works Admin 915,810 625,065 (290,745) 68.2 Fixed Reimbursement NDPES 465,730 349,297 (116,433) 74.9 In-lieu Payment from 821--Muni Airport 245,000 183,750 (61,250) 75.0 In-Lieu Payment from Division 854-Electric 6,246,800 4,685,100 (1,561,700) 75.0___________ ___________ ___________ _____ Total Revenue from Internal Departments 12,935,160 9,639,577 (3,295,583) 74.5___________ ___________ ___________ _____ * Unbudgeted revenue 1 RVR213B CITY OF REDDING 10:39:10 4/06/2023 Finance Department MONTH OF MAR. 2023 COMPARATIVE SUMMARY OF ACTUAL REVENUES GENERAL FUNDS (continued) ------------------ Budget Year ------------------- Budget Over As Amended Actual (Under) %___________ ___________ ___________ _____ GENERAL FUND REVENUE FROM OTHER GOVERMENTAL AGENCIES State Grant Operating for General Gov't 300,000 194,844 (105,156) 64.9 Federal Grant-Operating-General Gov't 443,520 162,760 (280,760) 36.6 Shasta County Grant - Operating - Police 272,180 79,116 (193,064) 29.0 SHASTA CO OPERATING REIMB-POLICE 65,000 69,840 4,840 107.4 State Reimbursement - 908,992 908,992 * STATE LEGISLATIVE REVENUE OPERATING-POLICE - (3,862) (3,862) * Reimbursement of Mandated Costs 57,000 101,535 44,535 178.1 POST Grant - Operating - Police 57,000 102,605 45,605 180.0 Home Owner Property Tax Relief 153,000 71,848 (81,152) 46.9 Motor Vehicle In-Lieu Tax 45,000 96,184 51,184 213.7 School District Contrib-Operating-Police 577,800 541,688 (36,112) 93.7 Redding Rancheria Payment 121,900 91,425 (30,475) 75.0 Contribution RABA - Operating - Police 25,000 18,750 (6,250) 75.0 Buckeye Fire Service Dist-Operating-Fire - 5,000 5,000 * Buckeye Fire District - Capital - Fire - 80,087 80,087 * SHASCOM - Payroll 25,000 16,078 (8,922) 64.3___________ ___________ ___________ _____ Total Revenue - Other Government Agencies 2,142,400 2,536,890 394,490 118.4___________ ___________ ___________ _____ OTHER REVENUES Late Fees 1,700,000 1,217,471 (482,529) 71.6 Contributions - Operating - General Gov't 299,850 139,053 (160,797) 46.3 Compensation - Loss & Property Damage 34,500 74,418 39,918 215.7 Miscellaneous Receipts 342,200 470,050 127,850 137.3 Reimbursement 270,280 286,522 16,242 106.0___________ ___________ ___________ _____ Total Other Revenues 2,646,830 2,187,514 (459,316) 82.6___________ ___________ ___________ _____ CHARGES FOR CURRENT SERVICES Planning Permits (Subdivisions) 493,740 386,497 (107,243) 78.2 Building Plan - Record Fees 18,460 21,724 3,264 117.6 Building Plan - Check Fees 567,910 594,223 26,313 104.6 Fees for Outside Plan Checks 1,140 - (1,140) 0.0 Plan Check Fees - Fire Department 75,000 91,330 16,330 121.7 Engineering Land Development Fees 100,000 387,785 287,785 387.7 Technology Surcharge 121,610 170,631 49,021 140.3 Cannabis Application & Permit Fees 474,850 523,544 48,694 110.2 Sale of Publications 90 174 84 193.3 Animal Shelter Fees 7,000 4,204 (2,796) 60.0 Inspection Fees 2,900 3,432 532 118.3 Fingerprint Fees 10,000 5,699 (4,301) 56.9 Fire Permits & Fees 290,000 73,762 (216,238) 25.4 * Unbudgeted revenue 2 RVR213B CITY OF REDDING 10:39:10 4/06/2023 Finance Department MONTH OF MAR. 2023 COMPARATIVE SUMMARY OF ACTUAL REVENUES GENERAL FUNDS (continued) ------------------ Budget Year ------------------- Budget Over As Amended Actual (Under) %___________ ___________ ___________ _____ GENERAL FUND CHARGES FOR CURRENT SERVICES DUI - Emergency Response 73,800 93,307 19,507 126.4 Swimming Pool Receipts 160,570 26,867 (133,703) 16.7 RAC Swim Shop / Rental 39,000 18,443 (20,557) 47.2 RAC Admission 126,160 62,520 (63,640) 49.5 RAC Swim Team 12,620 6,554 (6,066) 51.9 Swimming Pool Concession 63,080 32,533 (30,547) 51.5 Other Charges & Fees 142,630 656,696 514,066 460.4 Recreation Sports 553,960 358,794 (195,166) 64.7 INVESTMENT/BANK CHARGE HOLDING ACCT - 447,127 447,127 * Bad Debt Writeoff (97,300) (1,397,887) (1,300,587) 436.6___________ ___________ ___________ _____ Total Charges for Current Services 3,237,220 2,567,959 (669,261) 79.3___________ ___________ ___________ _____ REVENUE FROM THE USE OF MONEY & PROPERTY Rental - Land or Facility 512,170 342,490 (169,680) 66.8 SHASCOM Base Rent - Police Portion 72,700 74,479 1,779 102.4 Investment Income 118,010 237,159 119,149 200.9 Fiscal Agent Investment Income - 451 451 *___________ ___________ ___________ _____ Total Revenue - Use of Money & Property 702,880 654,579 (48,301) 93.1___________ ___________ ___________ _____ TOTAL GENERAL FUND 95,113,550 68,806,606 (26,306,944) 72.3 =========== =========== =========== ===== RVR213B 10:39:10 4/06/2023 3 Section Three Actual Expenditures Compared to Cash Flow Estimates EXR214 CITY OF REDDING 10:38:14 4/06/2023 Finance Department MONTH OF MAR. 2023 ACTUAL EXPENDITURES COMPARED TO CASH FLOW ESTIMATES PAGE 1 GENERAL FUND ----------------- Current Month ------------------ ------------------ Year to Date ------------------ Monthly Over YTD Over Projection Actual (Under) % Projection Actual (Under) %___________ ___________ ___________ _____ ___________ ___________ ___________ _____ CITY COUNCIL 12,984 20,485 7,501 157.7 119,957 149,180 29,223 124.3 CITY CLERK 112,141 106,385 (5,756) 94.8 707,650 761,781 54,131 107.6 CITY MANAGER 70,877 83,413 12,536 117.6 670,105 964,791 294,686 143.9 CITY TREASURER 55,966 46,972 (8,994) 83.9 515,156 443,963 (71,193) 86.1 CITY ATTORNEY 30,133 45,562 15,429 151.2 240,325 373,962 133,637 155.6 CODE ENFORCEMENT 74,574 42,754 (31,820) 57.3 685,853 457,575 (228,278) 66.7 FINANCE AND ACCOUNTING 130,511 197,847 67,336 151.5 1,214,232 1,526,293 312,061 125.7 NON DEPARTMENTAL 853,045 206,041 (647,004) 24.1 7,685,364 3,374,269 (4,311,095) 43.9 PURCHASING 49,762 50,809 1,047 102.1 459,241 448,522 (10,719) 97.6 PERSONNEL 47,727 63,157 15,430 132.3 444,675 513,666 68,991 115.5 PERMIT CENTER 60,672 64,087 3,415 105.6 562,368 683,549 121,181 121.5 BUILDING & CODE ENFORCEMENT 206,630 175,916 (30,714) 85.1 1,899,607 1,570,996 (328,611) 82.7 PLANNING 212,715 133,055 (79,660) 62.5 1,810,251 1,437,704 (372,547) 79.4 POLICE - ADMINISTRATION 268,584 318,665 50,081 118.6 2,476,262 2,863,108 386,846 115.6 POLICE - FIELD OPERATIONS 2,303,203 2,390,523 87,320 103.7 21,000,912 20,449,184 (551,728) 97.3 POLICE - INVESTIGATIONS 399,104 409,354 10,250 102.5 3,691,242 4,243,231 551,989 114.9 POLICE - SERVICES DIVISION 360,649 610,878 250,229 169.3 3,498,137 3,525,517 27,380 100.7 POLICE INFORMATION TECHNOLOGY STAFF (7,606) 2,278 9,884 29.9 (47,830) 29,182 77,012 61.0 POLICE GRANTS 88,502 102,950 14,448 116.3 651,192 638,929 (12,263) 98.1 ANIMAL REGULATION 77,422 80,121 2,699 103.4 696,798 722,360 25,562 103.6 FIRE - ADMINISTRATION 146,677 155,643 8,966 106.1 1,355,851 1,374,337 18,486 101.3 FIRE - SUPPRESSION 1,791,873 2,238,004 446,131 124.8 15,905,228 17,057,653 1,152,425 107.2 FIRE - PREVENTION 99,376 94,421 (4,955) 95.0 916,664 1,010,748 94,084 110.2 PUBLIC WORKS-ENGINEERING 100,897 167,694 66,797 166.2 1,048,854 935,740 (113,114) 89.2 ENGINEERING AND DESIGN 17,277 33,079 15,802 191.4 159,723 419,613 259,890 262.7 TRANSPORTATION/ENGINEERING (3,337) 12,399 15,736 371.5 (21,192) 43,850 65,042 206.9 STREETS-GENERAL AND ADMINISTRATIVE 396,422 547,596 151,174 138.1 3,616,719 3,210,304 (406,415) 88.7 STREETS-CONSTRUCTION CAPITAL OUTLAY 847,352 473,411 (373,941) 55.8 7,626,164 7,255,581 (370,583) 95.1 PARKS 628,738 401,839 (226,899) 63.9 5,722,452 3,531,363 (2,191,089) 61.7 RECREATION 219,016 153,700 (65,316) 70.1 2,011,194 1,653,911 (357,283) 82.2 COMMUNITY SERVICES ADMINISTRATIVE DIVISION 61,257 62,633 1,376 102.2 567,764 572,470 4,706 100.8 MIDTOWN MALL 34 344 310 11.7 306 3,635 3,329 187.9 GENERAL FUND DEBT SERVICE 203,908 1,716,828 1,512,920 841.9 1,105,377 2,617,647 1,512,270 236.8___________ ___________ ___________ _____ ___________ ___________ ___________ _____ Total - General Government 9,917,085 11,208,843 1,291,758 113.0 88,996,601 84,864,614 (4,131,987) 95.3 =========== =========== =========== ===== =========== =========== =========== ===== EXR214 10:38:14 4/06/2023 Section Four Actual Expenditures Compared to Budget EXR58 CITY OF REDDING 10:38:37 4/06/23 Finance Department MONTH OF MAR. 2023 ACTUAL EXPENDITURES COMPARED TO BUDGET PAGE 1 GENERAL FUND Budget Prior Year Current Year-to-Date Encumbrances Unencumbered % As Amended Appropriations Expenditures Expenditures Outstanding Balance Obligated______________ ______________ ______________ ______________ ______________ ______________ _________ CITY COUNCIL 179,630.00 - 20,485.04 149,180.44 107.24 30,342.32 83.1 CITY CLERK 916,290.00 52,320.00 106,385.17 761,780.64 1,918.76 204,910.60 78.8 CITY MANAGER 958,000.00 770.00 83,413.30 964,791.46 36.97 ( 6,058.43) 100.6 CITY TREASURER 707,380.00 2,600.00 46,972.04 443,963.25 .62 266,016.13 62.5 CITY ATTORNEY 377,740.00 - 45,562.35 373,962.03 920.64 2,857.33 99.2 CODE ENFORCEMENT 847,440.00 96,540.00 42,754.03 457,574.61 437.55 485,967.84 48.5 FINANCE AND ACCOUNTING 1,676,520.00 38,900.00 197,847.01 1,526,293.15 15,250.43 173,876.42 89.8 NON DEPARTMENTAL 4,508,860.00 6,125,110.00 206,041.17 3,374,268.55 698,358.38 6,561,343.07 38.2 PURCHASING 634,090.00 - 50,808.65 448,522.28 - 185,567.72 70.7 PERSONNEL 623,300.00 - 63,157.30 513,665.91 14.42 109,619.67 82.4 PERMIT CENTER 777,550.00 5,020.00 64,086.54 683,548.66 - 99,021.34 87.3 BUILDING & CODE ENFORCEMENT 2,423,560.00 237,470.00 175,915.73 1,570,995.86 9,897.73 1,080,136.41 59.4 PLANNING 2,089,470.00 876,980.00 133,054.83 1,437,704.29 195,771.87 1,332,973.84 55.0 POLICE-ADMINISTRATION 3,419,930.00 120,940.00 318,665.35 2,863,107.62 63,564.02 614,198.36 82.6 POLICE-FIELD OPERATIONS 26,304,060.00 3,524,870.00 2,390,523.30 20,449,183.95 214,083.30 9,165,662.75 69.2 POLICE-INVESTIGATIONS 5,115,330.00 61,070.00 409,354.05 4,243,230.74 3,121.86 930,047.40 82.0 POLICE-SERVICES DIVISION 4,733,100.00 7,060.00 610,877.57 3,525,516.84 17,155.87 1,197,487.29 74.7 POLICE I/T STAFF ( 22,500.00) - 2,277.78 29,182.20 - ( 51,682.20) 0.0 POLICE GRANTS 772,850.00 376,430.00 102,950.07 638,928.82 1,149.72 509,201.46 55.6 ANIMAL REGULATION 929,070.00 - 80,120.85 722,359.55 227,780.37 ( 21,069.92) 102.2 FIRE-ADMINISTRATION 1,835,800.00 49,100.00 155,642.90 1,374,336.80 30,174.19 480,389.01 74.5 FIRE-SUPPRESSION 22,169,980.00 483,970.00 2,238,003.94 17,057,652.60 855,404.82 4,740,892.58 79.0 FIRE-PREVENTION 1,280,930.00 22,660.00 94,421.13 1,010,748.21 471.39 292,370.40 77.5 P/W-ENGINEERING 1,628,620.00 131,610.00 167,694.27 935,740.35 20,390.28 804,099.37 54.3 ENGINEERING AND DESIGN 211,580.00 350.00 33,079.09 419,613.12 2,255.64 ( 209,938.76) 199.0 TRANSPORTATION/ENGINEERING ( 10,550.00) - 12,398.77 43,849.55 - ( 54,399.55) 0.0 STREETS - GENERAL & ADM 4,439,710.00 502,590.00 547,595.70 3,210,304.05 161,139.81 1,570,856.14 68.2 STREETS - CONSTRUCTION 7,016,530.00 9,403,560.00 473,410.81 7,255,581.06 3,147,050.96 6,017,457.98 63.3 PARKS 1,291,240.00 5,246,640.00 401,838.80 3,531,363.24 351,464.02 2,655,052.74 59.3 RECREATION 2,665,390.00 121,100.00 153,700.35 1,653,911.13 23,986.29 1,108,592.58 60.2 COMMUNITY SERVICES ADMIN DIV. 766,690.00 23,350.00 62,633.42 572,469.78 20,760.92 196,809.30 75.0 MIDTOWN MALL 410.00 - 343.80 3,635.17 - ( 3,225.17) 886.6 GENERAL FUND DEBT SERVICE 2,621,130.00 - 1,716,828.49 2,617,646.92 - 3,483.08 99.8______________ ______________ ______________ ______________ ______________ ______________ _____ Total - General Government 103,889,130.00 27,511,010.00 11,208,843.60 84,864,612.83 6,062,668.07 40,472,859.10 69.1 ============== ============== ============== ============== ============== ============== ===== EXR58 10:38:37 4/06/23 GENERAL FUND TEN YEAR PLAN Amended December 2022 Amended Amended 21-22 22-23 2023-24 2024-25 2025-26 2026-27 Beginning Cash Balance 19,300 23,000 22,722 21,456 21,288 19,671 Revenues 103,021 94,104 96,730 99,612 102,596 105,658 Net Transfers 2,917 6,332 3,668 3,936 4,020 4,140 Total Revenues 105,938 100,437 100,398 103,548 106,615 109,798 Personnel Costs (65,161) (69,829) (73,273) (74,813) (77,646) (79,092) Operating Costs (21,438) (21,522) (21,391) (22,032) (22,693) (23,374) Capital Outlay (22,279) (8,543) (6,415) (6,507) (7,647) (8,932) Debt Service (2,630) (2,613) (2,118) (1,957) (1,965) (1,318) Savings 2,023 1,792 1,533 1,594 1,719 1,787 Net Expenditures (109,484) (100,715) (101,664) (103,716) (108,233) (110,929) Ending Cash Balance 15,754 22,722 21,456 21,288 19,671 18,540 Projections toward Council Objectives Ending Cash as Percentage of Expenditures 14.4% 22.6% 21.1% 20.5% 18.2% 16.7% Projected Personnel Percentage 58.4% 68.1% 71.0% 71.0% 70.6% 70.2% Fiscal Year City of Redding General Fund Ten Year Plan (in thousands) Fiscal Year Ending 2022 & 2023 2027-28 2028-29 2029-30 2030-31 2031-32 Projected Cash Balance 18,540 11,942 11,669 12,003 12,360 Projected Revenues 108,820 112,027 115,400 118,885 122,478 Projected Net Transfers 4,264 4,392 4,524 4,660 4,800 Total Projected Revenues 113,085 116,420 119,924 123,544 127,278 Projected Personnel Costs (84,712) (83,810) (85,988) (88,549) (90,786) Projected Operating Costs (28,425) (26,048) (26,592) (27,458) (28,797) Projected Operating Costs (7,200) (7,416) (7,638) (7,867) (8,103) Projected Debt Service (1,314) (1,313) (1,310) (1,309) (1,311) Projected Savings 1,969 1,893 1,938 1,996 2,073 Net Projected Expenditures (119,682) (116,693) (119,590) (123,187) (126,925) Projected Ending Cash 11,942 11,669 12,003 12,360 12,713 Projections toward Council Objectives Ending Cash as Percentage of Expenditures 10.0% 10.0% 10.0% 10.0% 10.0% Projected Personnel Percentage 69.6% 70.7% 70.8% 70.7% 70.4% Fiscal Year City of Redding General Fund Ten Year Plan (in thousands) Fiscal Year Ending 2022 & 2023 Amended Amended 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 Sales Tax 31,983 33,207 34,037 34,888 35,760 36,654 Property Tax 23,961 25,339 26,099 26,882 27,689 28,519 TOT 7,241 7,530 7,831 8,144 8,470 8,808 Cannabis Tax 1,888 1,888 1,964 2,042 2,124 2,209 Other Taxes 2,474 2,500 2,600 2,704 2,812 2,924 Licenses & Permits 2,214 2,414 2,510 2,611 2,715 2,824 Fines & Penalties 545 545 566 589 612 637 Other Government 14,436 1,052 1,083 1,116 1,149 1,184 Redding Rancheria 120 122 126 129 133 137 Internal Departments 11,970 12,935 13,323 13,723 14,135 14,559 Service Charges 3,026 3,166 3,293 3,425 3,562 3,704 Other Revenue 2,463 2,704 2,486 2,560 2,637 2,716 Use of Money & Property 583 585 585 585 585 585 Interest 118 118 227 215 213 197 Subtotal 103,021 94,104 96,730 99,612 102,596 105,658 Transfers In: Gas Taxes 7,705 10,317 7,971 8,210 8,457 8,710 Debt Service 34 34 34 34 - - Other Transfers In 317 316 326 335 345 356 Total Transfers In 8,056 10,667 8,331 8,579 8,802 9,066 Transfers Out: CVB & Convention Center (1,032) (1,080) (1,113) (1,146) (1,180) (1,216) Parking - - - - - - Library (934) (962) (991) (1,021) (1,052) (1,083) Rolling Stock (1,761) (1,530) (1,526) (1,472) (1,516) (1,562) Other Equipment (336) (111) (115) (118) (122) (125) Internal Advances - - (898) (886) (913) (940) Other Transfers Out (1,075) (650) (20) (1) (0) (0) Total Transfers Out (5,139) (4,334) (4,662) (4,644) (4,782) (4,926) Net Transfers 2,917 6,332 3,668 3,936 4,020 4,140 Total Revenues 105,938 100,437 100,398 103,548 106,615 109,798 Revenue Assumptions Sales Tax 4.5% 3.0% 2.5% 2.5% 2.5% 2.5% Property Tax 5.0% 6.0% 3.0% 3.0% 3.0% 3.0% Fee Revenues Projected Projected 3.0% 3.0% 3.0% 3.0% Other Government Projected Projected 3.0% 3.0% 3.0% 3.0% Other Revenue Projected Projected 3.0% 3.0% 3.0% 3.0% Internal Departments Projected Projected 3.0% 3.0% 3.0% 3.0% All Revenues (Not specific) Projected Projected 4.0% 4.0% 4.0% 4.0% Interest (Percent of Cash) 2.0% 2.0% 1.0% 1.0% 1.0% 1.0% Fiscal Year Ended Revenues City of Redding General Fund Ten Year Plan (in thousands) Fiscal Year Ending 2022 & 2023 2027-28 2028-29 2029-30 2030-31 2031-32 Sales Tax 37,570 38,510 39,472 40,459 41,471 Property Tax 29,375 30,256 31,164 32,099 33,062 TOT 9,161 9,527 9,908 10,305 10,717 Cannabis Tax 2,297 2,389 2,485 2,584 2,687 Other Taxes 3,041 3,163 3,289 3,421 3,558 Licenses & Permits 2,936 3,054 3,176 3,303 3,435 Fines & Penalties 662 689 717 745 775 Other Government 1,219 1,256 1,294 1,333 1,373 Redding Rancheria 141 146 150 154 159 Internal Departments 14,995 15,445 15,909 16,386 16,877 Service Charges 3,853 4,007 4,167 4,334 4,507 Other Revenue 2,798 2,881 2,968 3,057 3,149 Use of Money & Property 585 585 585 585 585 Interest 185 119 117 120 124 Subtotal 108,820 112,027 115,400 118,885 122,478 Transfers In: Gas Taxes 8,972 9,241 9,518 9,804 10,098 Debt Service - - - - - Other Transfers In 366 377 389 400 412 Total Transfers In 9,338 9,618 9,907 10,204 10,510 Transfers Out: CVB & Convention Center (1,252) (1,290) (1,328) (1,368) (1,409) Parking - - - - - Library (1,116) (1,149) (1,184) (1,219) (1,256) Rolling Stock (1,608) (1,657) (1,706) (1,758) (1,810) Other Equipment (129) (133) (137) (141) (145) Internal Advances (968) (997) (1,027) (1,058) (1,090) Other Transfers Out (0) (0) (0) (0) (0) Total Transfers Out (5,074) (5,226) (5,383) (5,544) (5,710) Net Transfers 4,264 4,392 4,524 4,660 4,800 Total Revenues 113,085 116,420 119,924 123,544 127,278 Revenue Assumptions Sales Tax 2.5% 2.5% 2.5% 2.5% 2.5% Property Tax 3.0% 3.0% 3.0% 3.0% 3.0% Fee Revenues 3.0% 3.0% 3.0% 3.0% 3.0% Other Government 3.0% 3.0% 3.0% 3.0% 3.0% Other Revenue 3.0% 3.0% 3.0% 3.0% 3.0% Internal Departments 3.0% 3.0% 3.0% 3.0% 3.0% All Revenues (Not specific) 4.0% 4.0% 4.0% 4.0% 4.0% Interest (Percent of Cash) 1.0% 1.0% 1.0% 1.0% 1.0% Fiscal Year Ended City of Redding General Fund Ten Year Plan (in thousands) Revenues Fiscal Year Ending 2022 & 2023 Amended Amended 2021-22 2022-23 2023-24 2024-25 2025-26 2026-27 Safety UAL Payments 10,054 10,137 10,001 9,851 Misc UAL Payments 3,873 3,869 3,389 3,314 PARS UAL Payments 2,535 1,453 172 172 Police Personnel 30,243 32,911 26,742 28,261 29,977 30,756 Operating 6,201 6,223 6,764 6,967 7,176 7,391 Capital Outlay/Project 3,420 68 70 72 74 77 Subtotal 39,864 39,202 33,576 35,300 37,227 38,223 Fire Personnel 19,249 19,988 16,844 17,289 19,996 20,515 Operating 4,307 4,561 4,294 4,422 4,555 4,692 Capital Outlay/Project 515 250 258 265 1,218 2,310 Subtotal 24,070 24,798 21,395 21,976 25,769 27,516 Transportation & Engineering Personnel 2,541 2,821 1,485 1,615 1,632 1,669 Operating 3,367 3,444 3,433 3,536 3,642 3,752 Capital Outlay/Project 5,723 7,028 4,504 4,639 4,778 4,922 Subtotal 11,631 13,293 9,422 9,790 10,053 10,343 Parks & Recreation Personnel 4,005 4,317 3,955 4,114 4,223 4,339 Operating 2,552 2,626 2,577 2,655 2,734 2,816 Capital Outlay/Project 5,765 224 230 237 244 252 Subtotal 12,322 7,167 6,763 7,006 7,202 7,407 Development Services Personnel 4,484 4,956 3,851 3,996 4,088 4,197 Operating 1,473 1,055 1,027 1,058 1,089 1,122 Capital Outlay/Project 758 300 309 318 328 338 Subtotal 6,716 6,312 5,187 5,372 5,505 5,656 General Government & Other Personnel 4,638 4,836 3,936 4,079 4,170 4,279 Operating 3,538 3,613 3,296 3,395 3,496 3,601 Capital Outlay/Project 6,098 674 1,044 975 1,004 1,034 Debt Service 2,630 2,613 2,118 1,957 1,965 1,318 Subtotal 16,904 11,735 10,394 10,406 10,635 10,232 Add Back Personnel - - - - - - Add Back O&M - - - - - - Projected Savings (2,023) (1,792) (1,533) (1,594) (1,719) (1,787) Total Expenditures 109,484 100,715 101,664 103,716 108,233 110,929 Expenditure Assumptions Personnel - Wages Budget Budget 2.75% 2.75% 2.75% 2.75% O&M & Capital Outlay Budget Budget 3.0% 3.0% 3.0% 3.0% Debt Actual Actual Actual Actual Actual Actual Assumed Expense Savings 0.020 2.0% 2.0% 2.0% 2.0% 2.0% Fiscal Year Ending 2022 & 2023 Fiscal Year Ended City of Redding General Fund Ten Year Plan (in thousands) Expenditures 2027-28 2028-29 2029-30 2030-31 2031-32 Safety UAL Payments 9,590 9,920 10,261 10,610 10,425 Misc UAL Payments 3,162 3,272 3,385 3,502 3,338 PARS UAL Payments 172 172 172 172 172 Police Personnel 31,538 32,358 33,257 34,185 35,136 Operating 7,613 7,841 8,077 8,319 8,568 Capital Outlay/Project 79 81 84 86 89 Subtotal 39,230 40,280 41,418 42,590 43,794 Fire Personnel 21,035 21,581 22,183 22,802 23,439 Operating 4,833 4,978 5,127 5,281 5,439 Capital Outlay/Project 379 390 402 414 427 Subtotal 26,247 26,949 27,712 28,497 29,304 Transportation & Engineering Personnel 1,707 1,746 1,792 1,846 1,896 Operating 3,864 3,980 4,099 4,222 4,349 Capital Outlay/Project 5,069 5,221 5,378 5,539 5,706 Subtotal 10,640 10,947 11,270 11,607 11,951 Parks & Recreation Personnel 4,460 4,583 4,714 4,850 4,989 Operating 2,901 2,988 3,078 3,170 3,265 Capital Outlay/Project 259 267 275 283 292 Subtotal 7,620 7,838 8,067 8,303 8,546 Development Services Personnel 4,308 4,423 4,545 4,673 4,802 Operating 1,156 1,190 1,226 1,263 1,301 Capital Outlay/Project 348 358 369 380 391 Subtotal 5,812 5,971 6,140 6,315 6,494 General Government & Other Personnel 4,391 4,505 4,629 4,760 4,891 Operating 3,709 3,821 3,935 4,053 4,175 Capital Outlay/Project 1,065 1,097 1,130 1,164 1,199 Debt Service 1,314 1,313 1,310 1,309 1,311 Subtotal 10,480 10,737 11,004 11,286 11,576 Add Back Personnel 4,350 1,250 1,050 1,150 1,700 Add Back O&M 4,350 1,250 1,050 1,150 1,700 Projected Savings (1,969) (1,893) (1,938) (1,996) (2,073) Total Expenditures 119,682 116,693 119,590 123,187 126,925 Expenditure Assumptions Personnel - Wages 2.75% 2.75% 2.75% 2.75% 2.75% O&M & Capital Outlay 3.0% 3.0% 3.0% 3.0% 3.0% Debt Actual Actual Actual Actual Actual Assumed Expense Savings 2.0% 2.0% 2.0% 2.0% 2.0% Fiscal Year Ending 2022 & 2023 Fiscal Year Ended City of Redding General Fund Ten Year Plan (in thousands) Expenditures m mm I= 0 Actual &30/22 Actual 91 3,0,122 Actuaf 12131,F22 Actual 2l13fi23 Projected 613U23 Fiscal Year 2022*w23 Budget to Actuat S100,000AD $90,000,000 570,000,000 $50,000,009 $40,000,,000 S30,000MO S20, 000,000 S10,000MO S- Revenues Expenses * Budget * Actual a a Revenue Budget to Actuat Deta*lts MW Sales Tax Praperty Tax Transient Cannabis Tax Other Taxes Building Related Internal Revenue from Other Occupancy Tax Fees Departments Other Governments $30A0,000 MEM IMES= in Sales tax Property tax Transient Occupancy Tax Cannabis Other Taxes eFYE2021 oFYE2022 %,,,FYE2023