City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/2541
<br />Projected
<br />FY 2023/24
<br />Beginning
<br />Balance
<br />Projected
<br />FY 2023/24
<br />Revenue
<br />Projected
<br />FY 2023/24
<br />Net Transfer
<br />Proposed
<br />FY 2023/24
<br />Expenditure
<br />Projected
<br />FY 2023/24
<br />Ending
<br /> Balance
<br />Projected
<br />FY 2024/25
<br />Revenue
<br />Projected
<br />FY 2024/25
<br />Net Transfer
<br />Proposed
<br />FY 2024/25
<br />Expenditure
<br />Projected
<br />FY 2024/25
<br />Ending
<br /> Balance
<br />General Fund $47,764,919 $146,429,092 $468,152 ($147,653,132) $47,009,031 $151,442,025 $496,152 ($151,963,438) $46,983,770
<br />Rainy day Fund 6,620,550 - (2,000,000) - 4,620,550 - (2,000,000) - 2,620,550
<br />Enterprise
<br />Cemetery $556,844 $213,000 $50,000 ($374,416)$445,428 $243,000 $50,000 ($408,238)$330,190
<br />Golf 746,414 5,997,010 (751,780) (4,831,879) 1,159,765 6,236,771 (751,780) (4,997,788) 1,646,968
<br />Water & Recycled Water
<br />O&M 7,979,515 34,468,041 2,504,018 (35,732,435) 9,219,139 37,757,041 605,018 (37,107,342) 10,473,856
<br />Sewer 6,213,964 16,529,500 1,134,000 (17,698,417) 6,179,047 17,222,500 135,000 (17,423,410) 6,113,137
<br />Storm Drain (1) (349,860) 730,000 925,000 (1,804,428) (499,288) 730,000 625,000 (1,757,775) (902,063)
<br />Transit 727,615 539,450 50,000 (560,657) 756,408 528,630 50,000 (561,330) 773,708
<br />Total Enterprise Funds $15,874,492 $58,477,001 $3,911,238 ($61,002,232)$17,260,499 $62,717,942 $713,238 ($62,255,883)$18,435,796
<br />Internal Service Funds
<br />City Enhancement Fund $345,450 $1,500 - ($100,000)$246,950 $1,500 - ($100,000)$148,450
<br />Employee Benefits (2) 140,624 1,310,100 - (1,233,100) 217,624 1,310,100 - (1,233,100) 294,624
<br />Equipment Replacement 2,968,544 561,000 - (455,000) 3,074,544 561,000 - (275,000) 3,360,544
<br />Facilities Renovation 1,628,957 619,000 - (1,231,000) 1,016,957 619,000 - (876,000) 759,957
<br />Fire Apparatus Replacement 1,611,698 440,000 - (2,390,000) (338,302) 440,000 - - 101,698
<br />Golf Replacement 1,083,711 6,000 220,000 (539,000) 770,711 6,000 220,000 (345,000) 651,711
<br />Information Technology
<br />Replacement 514,244 386,000 - (300,000) 600,244 386,000 - (300,000) 686,244
<br />Park & Median Renovation (271,933) 1,118,000 - (925,000) (78,933) 1,118,000 - (1,025,000) 14,067
<br />PARS Section 115 Fund 27,022,137 - - - 27,022,137 - - - 27,022,137
<br />Retirees' Medical Reserve (2) 62,381 5,102,000 (905,000) (4,144,000) 115,381 5,344,000 (935,000) (4,349,000) 175,381
<br />Police Vehicle Replacement 1,597,926 413,000 - (765,850) 1,245,076 413,000 - (724,850) 933,226
<br />Public Art Acquisition 248,749 106,000 - (20,000) 334,749 106,000 - (25,000) 415,749
<br />Self-Insurance Retention 1,594,437 3,684,000 - (4,210,000) 1,068,437 4,122,050 - (4,648,050) 542,437
<br />Street Light Replacement 2,163,429 35,000 - (220,000) 1,978,429 35,000 - (220,000) 1,793,429
<br />Traffic Signal Replacement 804,196 12,000 - (450,000) 366,196 219,750 - (450,000) 135,946
<br />Vehicle Replacement 3,449,364 599,000 - (891,000) 3,157,364 599,000 - (971,000) 2,785,364
<br />Workers Compensation (3) (4,583,508) 2,601,000 - (2,291,430) (4,273,938) 3,348,000 - (2,291,430) (3,217,368)
<br />Total Internal Service Funds $40,380,406 $16,993,600 ($685,000) ($20,165,380)$36,523,626 $18,628,400 ($715,000) ($17,833,430)$36,603,596
<br />Special Revenue
<br />Abandoned Vehicle $123,954 $32,600 - ($30,000)$126,554 $32,600 - ($30,000)$129,154
<br />Asset Forfeiture 11,761 100 - (3,000) 8,861 100 - - 8,961
<br />FY 2023/2024 - FY 2024/25 Operating Budget
<br />Estimated Changes in Fund Balance
<br />1 The negative fund balance reflects a funding gap due to revenues remaining mostly static for the last several years.
<br />2 Beginning fund balance excludes GASB 31 adjustments (unrealized investment gain/loss), pension and retiree heath liabilities and long-term debt.
<br />3 The negative fund balance reflects the estimated future liability for outstanding workers’ compensation claims. The negative fund balance will be
<br /> eliminated over time with increased internal service charges.
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