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City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/2529
<br />The Two-Year Operating Budget (Operating Budget) is projected to be $234.4 million in FY 2023/24,
<br />which represents a 7.5 percent increase from the FY 2022/23 Modified Budget, and $235.7 million in
<br />FY 2024/25.
<br />The Operating Budget is comprised of a number of funds that are summarized in the following four
<br />major categories of funds, as shown below in Table 1:
<br />The only funds that are not included in the Operating Budget are the Capital Projects Funds.
<br />There are several adjustments in the FY 2023/24 and FY 2024/25 operating budgets related to
<br />salary and fringe benefits pursuant to adopted labor agreements as well as increased PERS
<br />pension rates. In addition, there are several non-personnel increases related to contractual
<br />services, replacement equipment, payment to Costco associated with traffic and street
<br />improvements, one-time expenditures, and contingency funds. Increases in each expenditure
<br />category are described in more detail below.
<br />General Fund
<br />General Fund operating revenues, including transfers, are projected to total $150.2 million in
<br />FY 2023/24, a 1.2 percent increase over the FY 2022/23 Modified Budget, and $155.2 million in FY
<br />2024/25. General Fund operating expenditures, including transfers, are projected to total $150.9
<br />million in FY 2023/24, a 3.2 percent increase over the FY 2022/23 Modified Budget, and $155.2 million
<br />in FY 2024/25. The following charts present a comparison of the revenues and expenditures from FY
<br />2021/22 to FY 2024/25.
<br />Fund Category Actual
<br />FY 2021/22
<br />Modified
<br />FY 2022/23
<br />Projected
<br />FY 2023/24
<br /> % of
<br />Budget
<br />Projected
<br />FY 2024/25
<br /> % of
<br />Budget
<br />General Fund $120,540,274 $136,164,056 $147,653,132 63.0%$151,963,438 64.5%
<br />Internal Service Funds (9,565,830) 18,731,630 20,165,380 8.6% 17,833,430 7.6%
<br />Enterprise Funds 49,784,757 58,496,750 61,002,232 26.0% 62,255,883 26.4%
<br />Special Revenue Funds 3,000,150 4,554,050 5,550,423 2.4% 3,646,604 1.5%
<br />Private-purpose Trust Funds 20,887 40,780 40,780 0.0% 40,780 0.0%
<br />Total Expenditures (1)$163,780,237 $217,987,266 $234,411,947 100.0%$235,740,135 100.0%
<br />Table 1: Summary of Expenditures by Fund Category
<br />Budget Summary
<br />FY 2023/24 - FY 2024/25 Operating Budget
<br />(1) Transfers are excluded from the total.
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