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Home My WebLink About _ 9.10(a)--City of Redding Mid-Year Budget ReviewC IT Y OF REMDINO�" AN CITY OF REDDING REPORT TO THE CITY COUNCIL MEETING DATE: February 20, 2024 FROM: Greg Robinett, Director of ITEM NO. 9.10(a) Finance/City Treasurer ***APPROVED BY*** `t`.4"y 0 i t, t7 for `inax2ce t, ity I'Te surc`r 2A4'2024,ry ppn�, I c"tII Q: grobineW&Ryofredding.org btippin@cityofredding.org UBJECT: 9.10(a) --Consider City of Redding Mid -Year Budget Review and Associated F esolution Recommendation Accept the City of Redding's Fiscal Year 2023-24 Mid -Year Budget Report; and adopt Resolution approving and adopting the 30 Amendment to City Budget Resolution No. 2023- 060 increasing appropriations by $1,420,600 for Fiscal Year 2023-24 and increasing appropriations by $163,800 for Fiscal Year 2024-25. Fiscal Impact The recommended changes to the General Fund will meet the City Council (Council) directive to maintain a ten percent reserve in the General Fund. The other recommended changes will not reduce reserve levels below those required in the respective funds. Alternative Action The Council could choose to reject the report and request additional information. Background/Analysis The City of Redding (City) has expended $63,738,430 from the General Fund through December 31, 2023. This level of expenditure represents 47.9 percent of total appropriations, and is $856,216 or 1.3 percent below staff's cash flow estimate of $64,594,646 through December 31, 2023. Below is a breakdown by department of Expense compared to budget: Report to Redding City Council Re: 9.10(a) --City of Redding Mid -Year Budget Review Actual General Government 4,428,599 Non Dept, NEd town, Debt Service & Animal Reg 1,750,303 Development Services 3,187,105 PW 9.037.269 Police Fire Parks Total 12 1 Budget 4,866,103 3,062,619 3,304,461 1.0,784,283 23,707,827 13.861.574 4,749,220 5,007,779 63,738,430 64,594,646 February 14, 2024 Page 2 Variance Variance % Actual 437,504 8.99% 1,312,316 42.85% 117,356 3.55% 1,747,014 16.20% (1,137,585) -4.80% (1,878,949) -13.56% 258,559 5.16% 856,216 1.33% - General Fund revenue as of December 31, 2023, totals $36,291,276 which is $623,129 or 1.7 percent below staff's cash flow projection of $36,91.4,405. Staff is not recommending any changes to projected revenues at this time. Below is a breakdown of the tax revenues through December 31, 2023. Tax revenues are the primary revenue source which fund General Fund operations. Actual Actual Variance Budget Variance Variance % Operating Revenues $ 24 $ - $ 24 100.00% Tax Revenues $22,506,441 $24,384,943 $(1,878,502) -7.70% Licenses & Permits $ 1,060,489 $ 1,195,674 $ (135,185) -11.31% Fines & Penalties $ 1,762,013 $ 405,676 $ 1,356,337 334.34% PILOT & Transfers $ 6,074,030 $ 6,074,030 $ 0 0.00% Revenue from Other Government Agencies $ 1,634,186 $ 1,540,234 $ 93,952 6.10% Total Other Revenues $ 1,366,456 $ 1,162,692 $ 203,764 17.53% Charges for Current Services $ 1,414,785 $ 1,717,782 1 $ (302,997) -17.64% Property Rental & Investment Income $ 472,853 $ 433,374 1 $ 39,479 9.11% Total $ 36,291,276 1 $ 36,91.4,405 1 $ (623,129) -1.69% Below is a breakdown of the tax revenues through December 31, 2023. Tax revenues are the primary revenue source which fund General Fund operations. Property Taxes are primarily received in January and May. Below is a breakdown of the tax revenues through January 31, 2024. Actual Budget Variance Variance % Property Taxes 1,112,351 1,091,025 21,326 1.95% Sales Tax 15,653,001 16,390,464 (737,463) -4.50% TOT 4,116,675 4,550,954 (434,279) -9.54% Cannabis 561,233 1 1,047,500 1 (486,267) -46.42% Other Taxes 1,063,182 1 1,305,000 1 (241,818) -18.53% Total 22,506,441 1 24,384,943 1 (1,878,502) -7.70% Property Taxes are primarily received in January and May. Below is a breakdown of the tax revenues through January 31, 2024. Actual Budget Variance Variance % Property Taxes 16,050,496 14,172,489 1,878,007 13.25% Sales Tax 17,807,441 19,030,698 (1,223,257) -6.43% TOT 4,561,335 5,051,531 (490,196) -9.70% Cannabis 753,878 1,571,250 (817,372) -52.02% Other Taxes 1,221,593 1,522,500 (300,907) -19.76% Total 40,394,743 41,348,468 (953,725) -2.31% Report to Redding City Council February 14, 2024 Re: 9.10(a) --City of Redding Mid -Year Budget Review Page 3 General Fund Reserves After completion of the annual audit, staff is recommending a change to the cash balance as of July 1, 2023. Staff is recommending a decrease of $1.5 million for a total of $21.0 million for the beginning cash for Fiscal Year (FY) 2023-24. Cash is impacted by revenues, expenses, and changes to certain balance sheet activity which require cash. As a result of the final audit results we are recommending this change to account for adjusted cash net of encumbrances and carryovers and any other adjustment items for FY 23-24. Total. Cash was $29.7 million at the end of FY 22-23. Ten -Year Plan The Ten -Year plan attached reflects the changes approved by Council since the adoption of the budget and the recommended adjustments in this staff report. Additionally, the Ten -Year plan has been updated to reflect the most recent actuarial valuations received this year from CalPERS. As a result of these changes and the effects of having an adopted budget with a structural deficit the year in which the General Fund Ten -Year Plan falls below the ten percent reserve has moved to FY 25-26. As a result of this staff is working on addressing the impacts of this structural issue and will bring a plan that solves the financial issue back to council no later than the Mid -Cycle Budget update. General Fund Overtime The City's General Fund overtime expense totals $3,476,439 through December 31, 2023. This is $1,575,629 above staff's cash flow estimate of $1,900,810. The expenditures year-to-date compared to the year-to-date budget are listed below, of which, the four largest overtime budgets are Fire, Police, Parks, and Streets: • The Fire Department had overtime expenses through December 31, 2023, of $2,512,582 compared to a total overtime budget of $1,114,310; • The Police Department had overtime expenses through December 31, 2023, of $837,125 compared to a total overtime budget of $744,500; • The Community Services Department had overtime expenses through December 31, 2023, of $65,072 compared to a total overtime budget of $0. • The Public Works Department had overtime expenses through December 31, 2023, of $43,466 compared to a total overtime budget of $35,000; and • All other General Fund Departments had overtime expenses through December 31, 2021, of $18,193 compared to an overtime budget of $7,000. Although some of the aforementioned expenses are either over budget or nearly over budget, there are no additional budget requests at this time. Each department has adequate savings in areas such as personnel charges and/or additional cross charges to other City departments, to offset the excess costs. Budget Requests Citywide there have been modifications to salaries as part of various negotiations that were not part of the adopted budget. Staff is recommending to not modify budgets at this time but advising there will be recommended adjustments as part of the year end process. This is due to the fact that the amounts required will be easier to define with certainty at year end for both FY 23-24 & FY 24-25. Report to Redding City Council February 14, 2024 Re: 9.10(a) --City of Redding Mid -Year Budget Review Page 4 Additionally, there are cost increases relative to budget for insurance costs that staff will bring as one item with year end as FY 24-25 will be easier to define at that time. There are two requests at this time for the General Fund budget modifications. The first is a result of the recruitment costs of the new City Attorney. The second is for the Martin Luther King Center Camp King for $40,000 per year as there is no longer available grant funding from Shasta County to help offset the costs and the increased costs resulting from changes to the minimum wage. Enterprise Funds Department FY 2023-24 FY 2024-25 Electric 745,000.00 47,000.00 Solid Waste 112,000.00 - Total 857,000.00 47,000.00 Redding Electric Utility is requesting budget modifications for $745,000 in FY 23-24 and $47,000 in FY 24-25. In FY 23-24 this includes $175,000 related to recruiting costs, $250,000 for professional services & consulting for Safety Program Consulting ($150,000) and FAC -008 Methodology review ($100,000), $110,000 for a Supervisory Control and Data Acquisition (SCADA) network system implementation, $110,000 for ESRI Advantage Program consulting for development and assistance with comprehensive GIS Utility Network Upgrade, and $100,000 to build out two offices at the Corp Yard and installation of two additional bathroom stalls. In FY 24-25 there is $47,000 requested for the SCADA network system's annual licensing fee. Solid Waste is requesting $75,000 for recycling services due to a large stockpile of material onsite due to the inflow of recyclables exceeding the pace of processing; $15,000 is for replacing a gas analyzer for the landfill gas collection system at the Benton Landfill; and $22,000 for the cost of water testing for constituent of concern. Internal Service Funds General Fund Department FY 2023-24 FY 2024-25 City Attorney 28,000.00 - Community Services 40,000.00 40,000.00 Total 68,000.00 40,000.00 There are two requests at this time for the General Fund budget modifications. The first is a result of the recruitment costs of the new City Attorney. The second is for the Martin Luther King Center Camp King for $40,000 per year as there is no longer available grant funding from Shasta County to help offset the costs and the increased costs resulting from changes to the minimum wage. Enterprise Funds Department FY 2023-24 FY 2024-25 Electric 745,000.00 47,000.00 Solid Waste 112,000.00 - Total 857,000.00 47,000.00 Redding Electric Utility is requesting budget modifications for $745,000 in FY 23-24 and $47,000 in FY 24-25. In FY 23-24 this includes $175,000 related to recruiting costs, $250,000 for professional services & consulting for Safety Program Consulting ($150,000) and FAC -008 Methodology review ($100,000), $110,000 for a Supervisory Control and Data Acquisition (SCADA) network system implementation, $110,000 for ESRI Advantage Program consulting for development and assistance with comprehensive GIS Utility Network Upgrade, and $100,000 to build out two offices at the Corp Yard and installation of two additional bathroom stalls. In FY 24-25 there is $47,000 requested for the SCADA network system's annual licensing fee. Solid Waste is requesting $75,000 for recycling services due to a large stockpile of material onsite due to the inflow of recyclables exceeding the pace of processing; $15,000 is for replacing a gas analyzer for the landfill gas collection system at the Benton Landfill; and $22,000 for the cost of water testing for constituent of concern. Internal Service Funds Department FY 2023-24 FY 2024-25 Information Technologies 430,400.00 45,000.00 Communications - Radios 61,800.00 31,800.00 Records Management 3,400.00 Total 1 495,600.00 76,800.00 Information Technologies is requesting $430,400 in FY 23-24 and $45,000 in FY 24-25 for the following: $406,400 for the change order to the HCM portion of the Oracle implementation project, $15,000 per year for Cal Net Charges that will be paid and allocated differently as a result of the implementation of the new Oracle system, and $9,000 per year for Barracuda Spam filters which were expected to be replaced with the implementation of Microsoft 365 which was pushed into future years. Report to Redding City Council February 14, 2024 Re: 9.10(a) --City of Redding Mid -Year Budget Review Page 5 Communications - Radios is requesting $61,800 in FY 23-24 and $31,800 in FY 24-25 for the following: $30,000 for the cost of back paid tower rents from previous years due to a contract issue that was encountered and solved in the current year, and $31,800 per year in costs which need to paid and allocated in the new Oracle system. Records Management is requesting $3,400 for a one-time service fee for the new public records request software JustFOIA. Changes to Mid -Year Report Due to the launch of the new Enterprise Resource Planning System (ERP) and financial reporting the format of this Mid -Year update has changed a bit. Staff is continuing to refine the best way to leverage the new system to create and potentially improve this report. Expect continued updates and improvements as staff learns the reporting from the new system. 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 balanced and stable Ten -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 ^Resolution ^Ten Year Plan 23-24 & 24-25 Updated December 2023 Resolution No. 2024 - A RESOLUTION OF THE CITY OF REDDING APPROVING AND ADOPTING THE 34th AMENDMENT TO CITY BUDGET RESOLUTION NO. 2023-060 INCREASING APPROPRIATIONS BY $1,420,600 FOR FISCAL YEAR 2023-24 AND INCREASING APPROPRIATIONS BY $163,800 FOR FISCAL YEAR 2024-25. BE IT RESOL VED BYTHE CITY COUNCIL OF THE CITY OF REDDING THAT Budget Resolution No. 2023-60 be and is hereby amended as follows Fiscal Year Ended 2024 Fund Department Description Increase Decrease 101 1031 City Attorney 28,000 101 1721 Recreation Programs 40,000 151 1691 Construction Tax Capital Projects - 211 8035 REU - Line 58,000 211 8045 REU - Service Planning 33,000 211 8055 REU - Asset Managemnet 292,000 211 8061 REU - Operations Engineering 152,000 211 8065 REU - GIS 110,000 211 8091 REU - Capital 100,000 221 6191 Water - Capital Outlay - 251 6505 Resource Recovery 75,000 251 6581 Benton Landfill Monitoring 37,000 311 3101 Information Technologies 430,400 317 3121 Communications - Radios 61,800 341 3401 Records Management 3,400 Fiscal Year Ended 2025 Fund Division Description Increase Decrease 101 1721 Recreation Programs $ 40,000 $ 211 8061 REU - Operations Engineering 47,000 311 3101 Information Technologies 45,000 317 3121 Communications - Radios 31,800 34th AMF,NDMENT TO CITY BUDGET RESOLUTION NO. 2023-060 Page I of 3 Resolution No. 2024 - THAT account titles and numbers requiring adjustments by this Resolution are as follows: Fiscal Year Ended 2024 Decrease (Increase) Fund Balance 101 0000 2910000 00000 151 0000 2910000 00000 211 0000 2910000 00000 221 0000 2910000 00000 251 0000 2910000 00000 311 0000 2910000 00000 317 0000 2910000 00000 341 0000 2910000 00000 Expenditures 101 1031 101 1721 151 1691 151 1691. 211 8035 211 8045 211 8055 211 8055 211 8061 211 8061. 211 8065 211 8091. 221 6191 221 6191. 221 6191 221 6191. 221 6191 221 6191. 221 6191 221 6191. 251 6505 251 6581. 251 6581 311 3101. 311 3101 311 3101. 311 3101 317 3121. 317 3121 317 3121. 317 3121 341 3401. 5037519 00000 5125001 MLKO1 7700004 00000 7700004 00000 8930901 00000 8930901 00000 8923871 00000 8930901 00000 8930901 00000 8921301 00000 8923871 00000 7300004 00000 7800032 00000 7800032 00000 7800032 00000 7800032 00000 7800032 00000 7800032 00000 7800032 00000 7800032 00000 5040034 00000 5125001 00000 5040001 00000 7930010 00000 7930010 00000 5110022 00000 5092501 00000 5110001 00000 5110018 00000 5110006 00000 5040001 00000 5132501 00000 Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Beginning Balance Testing & Recruiting Operating Materials & Supplies TIE Streets TIF Streets Admin. & General - Recruiting Admin. & General - Recruiting Professional Services/Consulting Admin. & General - Recruiting Admin. & General - Recruiting PC Equipment & Software Professional Services/Consulting Building Improvements Trans & Distribution Mains Trans & Distribution Mains Trans & Distribution Mains Trans & Distribution Mains Trans & Distribution Mains Trans & Distribution Mains Trans & Distribution Mains Trans & Distribution Mains Recycling Services Operating Materials & Supplies Spec. Services - Tech Right -To -Use Subscription Based IT Agreement Right -To -Use Subscription Based IT Agreemenl General Telephone Systems Office Equipment Maintenance & Repairs Communication Expense Misc. Payphone Phones- Communications Specialized Services and Technical Software Use of Funds Use of Funds 28,000 40,000 (630,000) 630,000 58,000 33,000 250,000 42,000 42,000 110,000 110,000 100,000 (1,100,000) 1,100,000 (265,000) 265,000 (200,000) 200,000 (315,000) 315,000 75,000 15,000 22,000 87,250 319,150 15,000 9,000 25,000 4,520 2,280 30,000 3,400 Source of Funds 68,000 745,000 112,000 430,400 61,800 3,400 Source of Funds 1,4GV,ouu 1,46V,0VV 34th AMF,NDMENT TO CITY BUDGET RESOLUTION NO. 2023-060 Page 2 of 3 Fiscal Year Ended 2025 Decrease (Increase) Fund Balance COUNCIL MEMBERS: 101 0000 2910000 00000 211 0000 2910000 00000 311 0000 2910000 00000 317 0000 2910000 00000 Expenditures 101 1721. 311 3101 317 3121. 317 3121 317 3121. 211 8061 311 3101. 311 3101 311 3101. 311 3101 5125001 MLKO1 5110022 00000 5110001 00000 5110018 00000 5110006 00000 8921301 00000 5092501 00000 5040001 00000 5125001 00000 5132501 00000 Resolution No. 2024 - Beginning Balance Beginning Balance Beginning Balance Beginning Balance Operating Materials & Supplies General Telephone Systems Communication Expense Misc. Payphone Phones- Communications PC Equipment & Software Office Equipment Maintenance & Repairs Specialized Services & Technical Operating Materials & Supplies Software THAT the purpose is to increase appropriations by $1,420,600 for fiscal year 2023-2024 and increase appropriations by $163,800 for fiscal year 2024-25. Use of Funds Use of Funds 40,000 15,000 25,000 4,520 2,280 47,000 9,000 16,000 3,000 2,000 I HEREBY CERTIFY that the foregoing Resolution was introduced and adopted at a regular meeting of the City Council for the City of Redding on the day of , 2024 and was duly adopted at said meeting by the following vote: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: ABSTAIN: COUNCIL MEMBERS: ATTEST: SHARLENE TIPTON, City Clerk Source of Funds 40,000 47,000 45,000 31,800 Source of Funds 16S,1iuy 10-i'mu TENESSA AUDETTE, Mayor FORM APPROVAL: CHRISTIAN CURTIS, City Attorney 34th AMF,NDMENT TO CITY BUDGET RESOLUTION NO. 2023-060 Page 3 of 3 City of Redding General Fund Ten Year Plan (in thousands) Fiscal Year Ending 2024 & 2025 Fiscal Year Amended Amended 23-24 24-25 20255-26 2026-27 2027-28 2028-29 Beginning Cash Balance 21,000 18,977 16,718 9,674 5,940 1,5o6 Revenues 98,147 99,836 102,925 105,187 1o8,318 112,o88 Net Transfers 7,237 7,019 7,529 7,955 8,194 8,440 Total Revenues 105,383 1o6,854 110,454 1135142 116,511 120,528 Personnel Costs (74,199) (75943) (83,115) (82,o88) (85,152) (87,649) Operating Costs (25,912) (26,184) (26,969) (27,778) (28,611) (29,470) Capital Outlay (7,107) (7,000) (7,210) (7,427) (7,650) (7,879) Debt Service (2,118) (1,957) (1,965) (1,318) (1,314) (1,313) Savings 1,931 1,971 1,761 1,736 1,782 1,830 Net Expenditures (107,4o6) (109,113) (117,499) (116,876) (120,946) (124,481) Ending Cash Balance 18,977 16,718 9,674 5,940 1,5o6 (2,448) Projections toward Council Objectives Ending Cash as Percentage of Expenditures 17.7% 15.3% 8.2% 5.1% 1.2% -2.0% Projected Personnel Percentage 67.9% 68.4% 69.7% 69.2% 69.4% 69.4% City of Redding General Fund Ten Year Plan (in thousands) Fiscal Year Ending 2024 & 2025 Fiscal Year 2029-30 2030-31 2031-32 2032-33 2033-34 Projected Cash Balance (2,448) (6,174) (9,098) (10,436) (10,749) Projected Revenues 115,432 118,883 122,453 126,150 129,975 Projected Net Transfers 8,693 8,954 9,222 9,499 9,784 Total Projected Revenues 124,124 127,837 131,675 135,649 139,759 Projected Personnel Costs (89,954) (91,765) (92,881) (94,66o) (96,o12) Projected Operating Costs (30,354) (31,265) (32,202) (33,i69) (34,164) Projected Operating Costs (8,115) (8,359) (8,61o) (8,868) (9,134) Projected Debt Service (1,310) (1,309) (1,311) (1,315) (1,132) Projected Savings 1,882 1,936 11991 2,048 2,107 Net Projected Expenditures (127,851) (130,761) (133,012) (135,962) (138,334) Projected Ending Cash (6,174) (9,o98) (10,436) (10,749) (9,324) Projections toward Council Objectives Ending Cash as Percentage of Expenditures -4.8% -7.0% -7.8% -7.9% -6.7% Projected Personnel Percentage 69.3% 69.2% 68.8% 68.6% 68.4% City of Redding General Fund Ten Year Plan (in thousands) Revenues Fiscal Year Ending 2024 & 2025 Transfers In: Gas Taxes 1o,675 10,573 Fiscal Year Ended 11,217 11,554 11,901 Amended Amended - - - - - 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 Sales Tax 32,121 32,924 34,241 35,611 36,501 37,961 Property Tax 26,847 27,652 28,482 29,336 30,216 31,123 TOT 7,831 8,144 8,470 8,8o9 9,161 9,527 Cannabis Tax 2,095 2,145 2,231 2,320 2,413 2,509 Other Taxes 2,610 2,610 2,714 2,823 27936 3,053 Licenses & Permits 2,391 2,532 2,633 2,739 2,848 2,962 Fines & Penalties 542 542 563 586 6o9 633 Other Government 2,625 2,729 2,36o 1,153 1,188 1,223 Redding Rancheria 124 127 131 135 139 143 Internal Departments 14,248 13,675 14,o86 14,5o8 14,943 15,392 Service Charges 3,436 3,6o6 3,750 3,900 4,056 4,219 Other Revenue 2,409 2,416 2,488 2,563 2,640 2,719 Use of Money & Property 742 6o9 6o9 6o9 6o9 6o9 Interest 125 125 167 97 59 15 Subtotal 98,147 99,836 102,925 105,187 1o8,318 112,088 Transfers In: Gas Taxes 1o,675 10,573 10,891 11,217 11,554 11,901 Debt Service - - - - - - Other Transfers In 523 523 538 554 571 588 Total Transfers In 11,197 11,o96 11,429 11,772 12,125 12,489 Transfers Out: Projected Projected 3.0% 3.0% 3.0% 3.0% CVB & Convention Center (1,033) (1,035) (1,o66) (1,o98) (1,131) (1,165) Parking - - - - - - Library (994) (1,024) (1,055) (1,o86) (1,119) (1,153) Roiling Stock (1,005) (1,o8o) (812) (637) (656) (676) Other Equipment (395) (395) (407) (419) (432) (445) Internal Advances - - - - - - Other Transfers Out (533) (543) (559) (576) (594) (611) Total Transfers Out (3,96o) (4,077) (3,900) (3,816) (3,931) (4,049) Net Transfers 7,237 7,019 7,529 7,955 8,194 8,440 Total Revenues 105,383 1o6,854 110,454 113,142 116,511 120,528 Revenue Assumutions Sales Tax 2.5% 2.5% 4.0% 4.0% 2.5% 4.0% Property Tax 3.0% 3.0% 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% City of Redding General Fund Ten Year Plan (in thousands) Revenues Fiscal Year Ending 2024 & 2025 Fiscal Year Ended Transfers In: Gas Taxes 2029-30 2030-31 2031-32 2032-33 2033-34 Sales Tax 38,910 39,883 4o,88o 41,902 42,949 Property Tax 32,056 33,o18 34,008 35,029 36,o8o TOT 9,9o8 10,305 10,717 11,146 11,591 Cannabis Tax 2,610 2,714 2,823 2,936 3,053 Other Taxes 3,175 3,302 3,435 3,572 3,715 Licenses & Permits 3,o81 3,204 3,332 3,465 3,604 Fines & Penalties 659 685 713 741 771 Other Government 1,26o 1,298 1,337 1,377 1,418 Redding Rancheria 147 151 156 161 165 Internal Departments 15,854 16,329 16,819 17,324 17,843 Service Charges 4,387 4,563 4,745 4,935 5,133 Other Revenue 2,800 2,884 2,971 3,o6o 3,152 Use of Money & Property 6o9 6o9 6o9 6o9 6o9 Interest (24) (62) (91) (104) (107) Subtotal 115,432 118,883 1227453 126,150 129,975 Transfers In: Gas Taxes 12,258 12,625 13,004 13,394 13,796 Debt Service - - - - - Other Transfers In 6o6 624 643 662 682 Total Transfers In 12,863 13,249 13,647 14,056 14,478 Transfers Out: 3.0% 3.0% 3.0% 3.0% 3.0 CVB & Convention Center (1,200) (1,236) (17273) (1,311) (1,350) Parking - - - - - Library (1,187) (1,223) (1,259) (1,297) (1,336) Roiling Stock (696) (717) (738) (76o) (783) Other Equipment (458) (472) (486) (500) (515) Internal Advances - - - - - Other Transfers Out (630) (649) (668) (688) (709) Total Transfers Out (4,170) (4,295) (4,424) (4,557) (4,694) Net Transfers 87693 87954 9,222 9,499 97784 Total Revenues 124,124 127,837 131,675 135,649 139,759 Revenue Assumutions 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% City of Redding General Fund Ten Year Plan (in thousands) Expenditures Fiscal Year Ending 2024 & 2025 Fiscal Year Ended Amended Amended Budget 2.75% 2.75% 2.75% 2023-24 2024-25 2025-26 2o26-27 2027-28 2028-29 Safety UAL Payments 3.0% Debt 13,838 14,479 15,713 16,053 Mise UAL Payments Actual Assumed Expense Savings 4,425 4,725 4,947 5,432 PARS UAL Payments 2.0% 96 96 96 96 Police Personnel 33,493 34,579 28,556 29,523 30,273 31,058 Operating 8,553 8,643 8,902 9,169 9,444 9,728 Capital Outlay/Project 182 72 74 76 78 8o Subtotal 42,227 43,293 37,532 38,768 39,796 40,866 Fire Personnel 21,234 22,004 22,574 197285 19,773 20,286 Operating 5,373 5,646 5,815 5,990 6,170 6,355 Capital Outlay/Project - 45 46 48 49 51 Subtotal 26,607 27,695 28,436 25,322 25,992 267691 Transportation & Engineering Personnel 2,759 2,7o8 709 720 732 743 Operating 4,275 4,203 4,329 4,459 47593 4,731 Capital Outlay/Project 6,621 67621 6,820 7,024 77235 7,452 Subtotal 13,655 13,532 11,858 12,204 12,56o 12,925 Parks & Recreation Personnel 4,885 4,958 47122 47235 4,353 47472 Operating 3,078 3,135 3,229 37326 3,425 3,528 Capital Outlay/Project 135 94 96 99 102 105 Subtotal 8,o98 8,186 77447 7,66o 7,88o 8,1o6 Development Services Personnel 5,153 57092 3,710 3,8o8 3,911 4,014 Operating 17125 1,123 1,157 1,191 1,227 1,264 Capital Outlay/Project - - - - - - Subtotal 67279 67215 4,866 4,999 5,138 5,278 General Government & Other Personnel 6,675 6,603 5,o84 5,217 57355 5,495 Operating 3,5o8 3,434 3,537 37643 3,752 3,865 Capital Outlay/Project 169 169 174 180 185 191 Debt Service 2,118 17957 17965 1,318 17314 17313 Subtotal 127471 12,164 107761 10,358 1o,607 1o,864 Add Back Personnel - - - - - Add Back O&M - - - - - Required Revenue or Expenditure Adjustments - - - - - - Projected Savings (1,931) (1,971) (1,761) (1,736) (1,782) (1,830) Total Expenditures 107,4o6 109,113 117,499 1167876 120,946 124,481 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% City of Redding General Fund Ten Year Plan (in thousands) Expenditures Fiscal Year Ending 2024 & 2025 Fire 2.75% Fiscal Year Ended 2.75% 2.75% 3.0% 2029-30 2030-31 2031-32 2032-33 2033-34 Safety UAL Payments 16,403 16,193 15,525 15,309 14,884 Mise UAL Payments 5,545 5,661 5,498 5,479 5,195 PARS UAL Payments 96 96 96 96 96 Police 30,705 Transportation & Engineering Personnel 31,923 32,814 33,728 34,670 35,637 Operating 10,020 10,320 1o,630 10,949 11,277 Capital Outlay/Project 83 85 88 91 93 Subtotal 42,025 435220 447446 455709 47,007 Fire 2.75% 2.75% 2.75% 2.75% 3.0% Personnel 2o,852 21,434 22,032 22,647 23,279 Operating 6,545 6,742 6,944 7,152 7,367 Capital Outlay/Project 52 54 55 57 59 Subtotal 27,449 28,229 29,031 29,856 30,705 Transportation & Engineering Personnel 762 787 8o9 835 858 Operating 4,872 5,019 5,i69 5,324 5,484 Capital Outlay/Project 7,676 7,906 8,143 8,387 8,639 Subtotal 13,310 13,711 14,121 14,546 14,981 Parks & Recreation Personnel 4,600 4,733 4,869 5,009 5,153 Operating 3,634 3,743 3,855 3,971 47090 Capital Outlay/Project 1o8 112 115 118 122 Subtotal 8,343 8,588 87839 97098 95365 Development Services Personnel 4,126 4,242 4,360 47482 47607 Operating 1,302 1,341 1,381 1,422 17465 Capital Outlay/Project - - - - - Subtotal 5,428 5,582 57741 55905 67072 General Government & Other Personnel 57646 57805 5,965 6,133 6,303 Operating 35981 4,100 4,223 47350 45481 Capital Outlay/Project 196 202 208 215 221 Debt Service 1,310 1,309 1,311 1,315 1,132 Subtotal 115134 115417 115708 125012 125136 Add Back Personnel Add Back O&M Required Revenue or Expenditure Adjustments Projected Savings Total Expenditures Expenditure Assumptions Personnel - Wages O&M & Capital Outlay Debt Assumed Expense Savings (1,882) (1,936) (1,991) (2,048) (2,107) 127,851 130,761 133,012 1355962 138,334 2.75% 2.75% 2.75% 2.75% 2.75% 3.0% 3.0% 3.0% 3.0% 3.0% Actual Actual Actual Actual Actual 2.0% 2.0% 2.0% 2.0% 2.0% ActuaI6139/23Aduat9/30123 Actuat 12/31,123 Projected 6130124, mmum Revenues 1:T MIS F m-- I STOW "It, 11370M Ll V1,500,000M) SalesTax Property Tax Transient CannabisTax OtherTaxesi d a t Internal Occupancy Tax Fees Vepartments a 0ecember m January �wrw Satestax ProperPropertytax TransientOccupancy Tax cannabis OtherTaxes oPYE2022 4PYE2023 YfYC2024 a lam Police Fire Public Works zm� Ler, 0* Afte64� Rierultment t28 000 1, 1 1 777 o WA00 Per Y64r Etectrit Budget Requests $175,000 - Recruiting Costs $150)000 - Safety Program Consulting $1001000 - FAC -008 Methodotogy Review $110,1000 - ESRI Advantage Program Consulting $100POOO - Buitd out of two offices and instattatiori of two additional bathroom stalls at Corp Yard $1101000 - Imptementation of SCADA Network System $47)000 - FY 24-25 for SCADA Annual Licensing Records 3,4 - Orie tirne Service Fey for rr. w . a A software Information Technologies (Internat Service Fund) $406,4 � ERP Project.. CM phase change orders - FY 24-25 Carbon Black Anti VirLPS FY 24-25 Additional Active directory lic,.enses Both Fiscal cYears for Cal NetF-1 o n e cost differently Communications Radios (internal Service Fund) i $31,800 - Both Fiscal Years for costs fl-iat are allocated different as a rest-ilt of the new Oracle yste