HomeMy WebLinkAbout060822-08.1 Power Point Budget-CIP
2022/23 BUDGET &
Capital Improvement Program
CELEBRATING 40 YEARS OF INCORPORATION
JULY 1, 1982 – JULY 1, 2022
June 8, 2022
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ACTIONS FOR CONSIDERATION
Resolution No. 42-2022 - Approving the 2022/23 Operating Budget and Appropriation Limit;
Resolution No. 43-2022 - Approving the Five-Year CIP and appropriating funds for 2022/23 capital projects;
Resolution No. 44-2022 SA - Approving the 2022/23 Operating Budget for the Successor Agency;
Resolution No. 45-2022 - Approving the 2022/23 Master Fee Schedule
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2022- a major milestone
July 1 – 40 years of City(Town)hood!
June 8, 1982 – Passage of Measure B – vote to incorporate – YES – 5,772; NO – 4,850
Measure B Pledge – better Police, Parks, Public Works and Planning
1982 population – 26,445
First Budget (1983/84) - $4,443,505
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Budget and CIP Process
Draft Budget and CIP released & posted on Town website on April 29, 2022
Public Study Sessions to consider Draft Budget and CIP on May 10, May 17 & May 24, 2022
Public Hearing to consider approving 2022/23 Budget and CIP on June 8, 2022
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Purpose of the Budget & CIP
Establish and review the highest priorities for municipal service delivery to meet unique community needs.
Identify, plan for and fund one-time capital & ongoing capital maintenance needs.
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Budget & CIP Format
Unchanged from 2021/22
Summaries and program/project pages updated, including descriptions, goals & highlights, funding sources
Ten-Year Forecast updated to cover years through 2031/32
Master Fee Schedule updated
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“Small Town Atmosphere,
Outstanding Quality of Life”
Why we’re here - Our Mission:
Deliver superior municipal services that make people’s lives better.
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Keep residents, businesses and property safe
Provide well-maintained public facilities
Protect our environment, preserve our history and retain our special
character
Celebrate the diversity of our Town and value all members of our
community
Provide opportunities that support residents’ growth and enrichment
Promote and support economic vitality and growth
Represent and promote Danville’s best interests
Celebrate community through family oriented special events
Effectively engage and communicate with residents and businesses
To carry out the mission, we:
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ENSURE ONGOING Fiscal Sustainability
Focus on Vision, Mission & Priorities
Combine approaches to deliver service
Invest in partnerships and technology
Don’t borrow… maintain healthy reserves
Estimate conservatively
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NAVIGATING Covid-19
Helped protect & keep our community
safe
Ensured the safety of our Town
employees
Took steps to support and assist local
businesses
Took steps to ensure Town’s fiscal
well-being
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budget – KEY POINTS
Balanced Budget for 2022/23
Strong recovery from COVID-19; aided by Cares Act and ARPA
Many services re-imagined & adapted
Healthy reserves maintained – Operating & Capital
No unfunded liabilities - period.
Overall fiscal condition – positive and sustainable
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2022/23 Revenue Forecast*
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Major Revenues – General Fund
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Major Revenues – Special revenue
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2022/23 RECOMMENDED
Expenditures & tRANSFERS
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Expenditures by Department
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Expenditures by Category
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Recommended Fund Transfers
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2022/23 LLAD Fund Activity
G.F. Subsidy Increases from $1,100,000 to $1,300,000; available LLAD Fund Balance increased from $3,117,941 to $3,456,427.
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TOWN STAFFING – TOTAL FTE
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Appropriation Limit
Appropriation limit set by statute
Limits amount of General Fund revenue that can be appropriated in any fiscal year (proceeds of taxes only)
2022/23 limit is $49,825,433
Actual 2022/23 G.F. revenues subject to limit is $24,054,155
Danville is well below the appropriation limit
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Ten-Year Forecast
Revenues – Increase from $38.5 million to $44.2 million
Expenditures – Increase from $35.8 million to $43.5 million
Transfers – Average $3.4 million annually
Former CDA repayment to Town retired in 2025/26
2001 COPs retired in 2026/27; 2001 TRBs retired in 2028/29
LLAD increase required by 2025/26
Operations are sustainable for the ten-year period
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Master Fee Schedule
Town adopts a Master Fee Schedule for User and Cost Recovery Fees
Fee Schedule is reviewed annually
For 2022/23 - 5.2% CPI adjustment recommended for all fees
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CAPITAL IMPROVEMENT PROGRAM – Key Points
Recommend funding 38 capital projects with total appropriations of $18.05 million, without debt.
ARPA Local Fiscal Recovery Funds provide a major boost toward economic recovery.
Major Projects include Downtown Improvements (A-362), Multi-Sport Skate Park (B-616), Town Green & Arts District (B-628), Diablo Road Trail (C-055) and Pavement Management Program (C-610).
“Full plate” of projects to deliver
Estimated available CIP General Purpose fund balance is sufficient to fund currently planned projects for next 5 years
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Summary – Budget & CIP
2022/23 Budget is balanced
Adapting service delivery to capture the best pre & post pandemic approaches; expenditures and service levels largely restored
Operating reserve equivalent to 38.6% of total Operating Budget; 54.5% of G.F. Budget (exceeds minimum 20% required)
Town has no unfunded pension or OPEB liabilities
Funds 38 capital projects totaling $18.05 million - no debt.
Overall fiscal condition is excellent
Town is continuing on a fiscally sustainable course
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Recommendation
Conduct public hearing. Consider and approve:
Resolution No. 42-2022 - Approving the 2022/23 Operating Budget and Appropriation Limit;
Resolution No. 44-2022 SA - Approving the 2022/23 Operating Budget for the Successor Agency;
Resolution No. 43-2022 - Approving the Five-Year CIP and appropriating funds for 2022/23 capital projects;
Resolution No. 45-2022 - Approving the 2022/23 Master Fee Schedule
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