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Home My Public Portal About2020-03-10 Item 11 PresentationCity of Millbrae Mid-Year Update for Fiscal Year 2019-20 Operating Budget March 10, 2020 Overview Fiscal Year 2019-20 Mid-Year Proposed Adjustments to Operating Budget for Fiscal Year 2019–20 Fiscal Year 2019-20 Mid-Year –General Fund Revenues - 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 Property Tax Sales Tax Transient Occupancy Tax All other Revenues As of 2-28-20 Budget Actual 64% 41% 60%63% Percentages represent amount collected year-to-date. Fiscal Year 2019-20 Mid-Year –General Fund Revenues Revenues Decline by $228,411 Property Tax $(207,697) Sales and Use Taxes $ 5,796 Franchise Fees $ 21,466 Transient Occupancy Tax (TOT)$ 121,534 Business Licenses $ 29,910 Use of Money and Property $ 84,652 Grants $(127,000) Service Charges $ 36,317 Operating Transfer In $(193,389) Fiscal Year 2019-20 Mid-Year –General Fund Expenditures - 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000 16,000,000 18,000,000 20,000,000 Central Government Public Safety Public Works Community Development Transfers Out As of 2-28-20 Budget Actual 51% 70% 56% 47%31% Percentages represent amount collected year-to-date. Fiscal Year 2019 –2020 Mid-Year General Fund Expenditures* Expenditures Decline $622,235 Police UAL Refund $(1,058,435) Correction to PD/Fire OPEG $ 304,200 Services and Supplies $ 132,000 *Includes Capital Outlay Fiscal Year 2019 –2020 Mid-Year General Fund Special Projects Special Projects Roll Forward Development Impact Fees $104,730 Business Improvement District Contract $ 65,000 Finance System Upgrade $ 61,508 Information Technology Upgrades $151,508 Fee Study $ 11,079 Fiscal Year 2019 –2020 Other Funds Proposed Adjustments -Expense Measure W Sales and Use Tax Revenue $ 140,000 Community Center Fund Sale of Capital Assets $2,250,000 Capital Outlay: Buildings $1,900,000 Fiscal Year 2019 –2020 Enterprise Funds Proposed Adjustments Sanitation Fund Salary & Benefits; and Services and Supplies $ 320,000 Sewer Modernization Fund Interest Income $ 65,000 Water Fund Services & Supplies $ 125,000 Storm Water Fund Services & Supplies $ 1,500 Garage Services & Supplies $ 10,500 Requested Action Receive a Fiscal Year 2019-20 Mid-Year Budget Update Adopt a resolution Amending the Fiscal Year 2019-20 Budget Questions ?