FY 2 2019 19 Three Pl ree Plus Ni Nine e 1 st Financial Repo Fi Report rt Quarter Cit ity C Council cil “B “B” S ” Sessio ion Presente ted b d by Justina a Tate, B Budge dget D t Directo tor February 20, 20, 2019 2019
PRESENTATION OVERVIEW 1 ST Quarter 1 st Quarter Recommended FY 2020 Budget Results - Budget Financial Calendar Initiatives Status Report 2
FY 2019 CITY BUDGET $2.8 Billion Capital Budget General Fund $690 Million $1.26 Billion 44% 24% Restricted Funds $889 Million 32% 3
FY 2019 General Fund Budget: $1.26B CPS Revenues Library Other Resources Human Services $363M Non-Departmental $240.8M Center City 28.8% Animal Care 19.1% Code Enforcement Health Finance OTHER Neighborhood & Housing Police* Economic Development DEPARTMENTS Municipal Court Mayor & Council & Fire $283.6M City Attorney’s Office Human Resources $794.4M Government & Public Affairs Planning Municipal Detention Center Sales Tax City Manager’s Office City Clerk’s Office $295.3M Property Tax 311 Customer Service City Auditor’s Office 23.4% $361.9M Budget Office Transfers 28.7% Historic Preservation Municipal Elections * INCLUDES PARK POLICE Innovation Office 4
General Fund FY 2019 Year End Projection $2.3 Million $800,000 in additional revenue in less expense 5
General Fund Revenues FY 2019 First Quarter Results FY 2019 1 st Quarter Revenue Source 3+9 Estimate ($ in Millions) Variance Variance Property Tax $0 $0 Sales Tax 1.6 2.1 CPS Energy (0.8) 0 Other 1.6 0.2 Total $2.4 $2.3 6
Property Tax ($ in Millions) • Certified Tax Roll received from Bexar Appraisal District in July • Little deviation in the revenue received between Budget and estimate FY 2019 1 st Quarter FY 2019 Projection Budget $182.3 Budget $361.9 Actual $182.3 Projection $361.9 Variance $0 Variance $0 7 7
Sales Tax ($ in Millions) Budget Actual 2019 FY 2019 $31.0 $30.8 1 st Quarter Projection $25.9 $26.2 $25.0 $23.7 $21.9 $21.4 Budget $71.3 Budget $295.3 Actual $72.9 Projection $297.4 Variance $1.6 Variance $2.1 October November December January January revenue was $200,000 above budget 8 8
CPS Energy ($ in Millions) 1 st Quarter FY 2019 Projection Budget Actual Budget $77.2 Budget $363 Actual $76.4 $31.0 Projection $363 $28.0 $26.0 $26.0 $27.0 $25.0 $24.0 $24.0 Variance Variance ($0.8) $0.0 October November December January January revenues was $4 Million below budget 9 9
GENERAL FUND FY 2019 YEAR END PROJECTION FY 2018 Year 3+9 End Report Projections $ $ 14 Mil Million $ 3 3 M Milli illion on 10
1 st Res Restri ricted Fu Funds Quarter
HOTEL OCCUPANCY TAX RATE HOT OT Rat ate: 16. 16.75% 75% COSA HO A HOT Tax A Allo lloca catio ion 35% Stat tate Conve nventi ntion on 6% 6% Arts Ar ts Fa Facili cilitie ies 7% 7% 15% City of San n 35% 1. 1.75 75% Bexar ar Ant ntonio nio Vis isit it S San 15% County nty 2% 2% Antoni onio Histor tory & & Preserva vati tion on Conve nventi ntion on Center er 12
HOTEL OCCUPANCY TAX REVENUES 1 st Quarter FY 2019 Projection ($ In Millions) ($ in Millions ) Budget dget Proje jection Varian ance Budget dget Actua uals ls Varian ance $70 $70.8 $72 $72.1 $1.3 $1. $15.4 $15 $16 $16.3 $0.9 $0. 13 13
DEVELOPMENT SERVICES FUND ($ in Millions) Expenses Revenues 1st Quarter Results 1st Quarter Results Budget Actuals Variance Budget Actuals Variance $7.9 $8.6 $0.7 $8.2 $8.2 $0.0 FY 2019 Projection FY 2019 Projection Budget Projection Variance Budget Projection Variance $34.4 35.2 $0.8 $34.2 $33.8 $0.4 14
SOLID WASTE FUND ($ in Millions) Revenues Expenses 1st Quarter Results 1st Quarter Results Budget Actuals Variance Budget Actuals Variance $32.3 $33.2 $0.9 $30.8 $30.3 $0.5 FY 2019 Projection FY 2019 Projection Budget Projection Variance Budget Projection Variance $126.4 $132.2 $5.8 $126.5 $125.1 $1.4 15
1 st Bud udge get Ini t Initiat ative ves Quarter
STREET MAINTENANCE PROGRAM 2 nd Quarter $110 Million 187 Scheduled Projects 3rd Quarter 1,214 395 Scheduled Projects Total Projects 4th Quarter 1 st Quarter 365 129 Projects Scheduled Projects Completed 138 Projects completed by March FY 2020 17
SIDEWALK PROGRAM 1 st Quarter 4 Miles 2 nd Quarter 7 Miles 3 rd Quarter 12 Miles 4 th Quarter 17 Miles 40 Miles to be completed in FY 2019 18
Affordable Housing: $26.1 Million Unde Under 1 r 1 Roof Own wner O Occupie pied Homeb ebuyer er Ne New Ho Housing Ris isk M Mit itig igation Re Rehab Assist stance ce Devel elopmen ent & & Fund Gap F Ga p Fin inancing $5.2 $5.25M $7.4 $7.4M $3.3 $3.3M $7.5M $7.5 $1M $1M 400 roofs 265 Residents 380 single/multi Policy presented 81 Rehabilitations 139 Houses - Let’s Paint to City Council in replaced assisted family affordable & Lead Based Paint housing units March programs $1.625 Million for Coordinated Housing System/LISC is on schedule 19 19
YOUTH RE-ENGAGEMENT Opening February 15 Partnering with Goodwill Industries and Communities in Schools: Serve over 600 opportunity youth in Year 1 250 enrolled in education programs 140 enrolled in Job Training 20
March to Recommended Community Input September Mid-Year Review & Five Year April 17 Forecast April 18 Mid-Year Ordinance City Council Goal Setting June 25 Session August 8 Budget Proposal City Council Budget August to Mid Worksessions & Community September Input September 12 Budget Adoption 21
Pro Proper perty Tax Rev Reven enue C e Cap
Sen Senat ate Bi e Bill 2 2 Red educes ces P Proper erty ty Tax R ax Rollback ck R Rat ate Roll Back Rate Roll Back Rate 23
If a 2.5% cap had been in place during the past decade $304 $82 $3.77 Million Million Dollars Average Monthly Less revenue to Less General savings to average the City over Fund Services in City Homeowner 10 years 2019 24
Impact of 2.5% Revenue Cap on future City Budgets • Significantly impacts capacity to continue increases to Affordable Housing Program and other priorities • Anticipated to impact City’s FY 2021 Budget • A 1% reduction in revenue cap equates to $68 million in lost revenue over five-years 25
SUMMARY • Better General Fund Ending Balance • Uncertainty in State Budget • Recommend reserving better ending balance for FY 2020 Budget 26
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