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General Fund Expenditures – Highlights
<br />•Fiscal year 2024 total expenditure is ~6.7% higher than prior year’s actual
<br />due to increases in personnel and other operating costs
<br />•Lower than budgeted expenditure due to vacant positions and cost
<br />reduction strategies implemented during the fiscal year
<br />9
<br />- Froze multiple positions
<br />- 20+ vacant positions at
<br />year-end
<br />- GASB
<br />implementation
<br />- Implemented cost
<br />reduction strategies
<br />FY 2022/23
<br />Expenditure Categories Actual Amended Actual Variance
<br />Personnel $94,110,681 $105,511,427 $101,910,933 $3,600,494
<br />Transportation & Training 1,750,740 1,865,165 1,965,649 (100,484)
<br />Repairs & Maintenance 8,167,740 6,856,688 6,617,385 239,303
<br />Materials & Supplies 27,199,195 33,095,261 29,461,194 3,634,067
<br />Other Expenditures 2,312,091 667,473 2,541,315 (1,873,842)
<br />Total Expenditures $133,540,446 $147,996,014 $142,496,475 $5,499,539
<br />FY 2023/24
<br />Underfunded Programs
<br />•Insufficient funding for various programs/funds due to financial constraints, impacting the
<br />City’s ability to fund future claims and repair and replacement projects
<br />•$0.4M in fund balance in the Liability Insurance Fund
<br />•$5.0M in negative fund balance in the Workers’ Compensation Funds
<br />•$0.6M in fund balance in the Storm Drain Operating Fund – ongoing General Fund
<br />subsidy
<br />•Repair and replacement programs (see examples below)
<br />•Only $2.4M in fund balance for 100+ City facilities and structures
<br />•Only $1.1M in fund balance for replacing IT equipment, systems, servers, etc.
<br />•Only $0.5M in fund balance for park repair and replacements (46 city parks)
<br />•The Asset Management Plan that is underway is expected to identify significant deferred
<br />maintenance funding gap
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