RES 19-1098 - Laserfiche WebLink

Budget Summary FY 2019/20 - FY 2020/21 Operating Budget The Two-Year Operating Budget is projected to be $192.4 million in FY 2019/20 and $196.2 million in FY 2020/21 which represents a four percent increase from the FY 2018/19 Midyear Budget and another 2 percent increase from the FY 2019/20 budget. The Operating Budget is comprised of a number of funds that are summarized in the following four major categories of funds: Total Operating Expenditure (in Millions) FY 2017/18 FY 2018/19 FY 019 /20 FY 2020/21 Fund CategoryTotal Actuals Mid-Year Expenditures %of Budget Expenditures %of Budget General Fund $107.0 $113.6 $120 7 628% 3124.5 63.5% Enterprise Funds 42.8 44.6 48.9 25.4% 50.8 25.9 Internal Services Funds 17.5 21.8 20 9 10.9% 19.4 9.9 Special Revenue Funds 5.1 5.2 1.8 0.9% 1.4 0.7% y,+ .aar 1 ti . re-',�. t. a:"=^r The only funds that are not included in the Operating Budget are Capital Improvement Funds'. There are several increases in the FY 2019/20 and FY 2020/21 operating budgets related to salary and fringe benefits pursuant to adopted labor agreements as well as increased PERS pension rates. In addition,there are several non-labor increases related to contractual services, replacement equipment,and increased contingency for future wage increases and new positions. Increases in each of these expenditure categories is described below. General Fund General Fund operating revenues are projected to total $127.6 million in FY 2019/20,a 3.9 percent increase over the FY 2018/19 Midyear Budget,and $130.7 million in FY 2020/21.General Fund operating expenditures are projected to total $120.7 million in FY 2019/20,a 6.2 percent increase over the FY 2018/19 Midyear Budget,and $124.5 million in FY 2020/21.The following charts present a comparison of the revenues and expenditures for the five year period ending FY 2020/21. 'Please refer to Appendix A for Capital Improvement Program overview. 27 City of Pleasanton Operating Budget • FY 2019/20 - FY 2020/21