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HomeMy WebLinkAboutBudget in BriefBUDGET IN BRIEF FISCAL YEAR 2018/2019 To fulfill the City’s promise of enhancing the quality of life for all residents, businesses, and visitors, each year a budget is established to allocate costs in the most efficient manner. As part of its commitment to transparency, Azusa provides this budget summary to keep residents informed about where City revenues are coming from and how they are spent. Values & Priorities As the City prepares its budget each year, City staff and elected leaders balance a number of guiding values and priorities to maximize the benefit of community resources. These priorities include: PUBLIC SAFETY, achieved by focusing on effective crime prevention, sustainable safety measures, and the capacity to respond quickly. FINANCIAL SUSTAINABILITY, achieved by developing revenue sources and aggressively seeking opportunities to reduce expenses. ENHANCED QUALITY OF LIFE, achieved by supporting healthy living opportunities, maintaining well-managed public spaces, and engaging with the community. A THRIVING ECONOMY, achieved by fostering economic development, encouraging tourism, and obtaining, retaining and supporting local business. TRANSPARENCY, RESPONSIBILITY & ACCOUNTABILITY, achieved by providing vital services, increasing citizen satisfaction, and maintaining open communication. Values & Priorities Public Safety, achieved by focusing on effective crime prevention, sustainable safety measures, and the capacity to respond quickly. Financial Sustainability, achieved by developing revenue sources and aggressively seeking opportunities to reduce expenses. Enhanced Quality of Life, achieved by supporting healthy living opportunities, maintaining well-managed public spaces, and engaging with the community. A Thriving Economy, achieved by fostering economic development, encouraging tourism, and obtaining, retaining and supporting local business. Transparency, Responsibility, and Accountability, achieved by providing vital services, increasing citizen satisfaction, and maintaining open communication. As the City prepares its budget each year, City staff and elected leaders balance a number of guiding values and priorities to maximize the benefit of community resources. These priorities include: Address: 213 E. Foothill Blvd. Azusa, CA 91702 Monday-Thursday: 7:00am to 5:30 pm Main Phone Number: (626) 812-5200 Connect with us: Azusa City Council Joseph R. Rocha, Mayor Robert Gonzales, Mayor Pro Tem Angel A. Carrillo, Council Member Edward J. Alvarez, Council Member Uriel E. Macias, Council Member ………………………………………………… To fulfill the City’s promise of enhancing the quality of life for all residents, businesses, and visitors, each year a budget is established to allocate costs in the most efficient manner. As part of its commitment to transparency, Azusa provides this budget summary to keep residents informed about where City revenues are coming from and how they are spent. …………………………………………………………… The City Council meets the 1st and 3rd Monday of each month at 6:30 pm at City Hall View the complete budget online at: www.AzusaCA.gov/189/Budgets Para recibir esta información en español, por favor llame al (626) 812-5200 Budget Highlights The budget expenditures and initiatives of the City of Azusa are aligned with the community’s goals. The 2018/19 budget expenditures were determined by the City Council, City Manager, and City staff after careful consideration of the residential and business needs of the Community. For more information: Please contact the Finance Department at Finance@AzusaCA.gov or (626) 812-5203 General Fund Budget is balanced with a projected change in fund balance of $1.9 million due to proceeds from one-time property sales of $2.9 million The uncommitted reserve fund balance is expected to increase to $11.2 million by the end of FY 18/19, inclusive of one-time revenues and expenditures Taxes provide approximately 70% of General Fund on-going revenues. Four major categories are: Property Taxes (27%), Sales Taxes (14%), Utility User Taxes (8%), Other Taxes (21%) The estimated uncommitted reserve fund balance includes $10.3 million of internally restricted funds set aside to mitigate potential areas of financial exposure and to address some of the City's long-term financial liabilities facebook.com/cityofazusa twitter.com/cityofazusa @azusacity Budget At A Glance FOR THE FISCAL YEAR 2018/19 57 percent ($24.1 million) of the budget goes to cover the cost of public safety services View the complete budget online at: www.AzusaCA.gov/189/Budgets General Fund Reserves One of the benchmarks used to assess the General Fund’s progress toward financial sustainability is the General Fund Reserve Policy. With the adoption of the FY 18/19 Budget, the City Council expanded the previous 15% reserve policy, adding three new reserve categories to internally restrict funds in order to address some of the City’s long-term financial liabilities and potential areas of financial exposure, such as claims expenses, aged infra- structure, and rising retiree benefits. Below is a list of the adopted reserve categories. GENERAL FUND RESERVES One of the benchmarks used to assess the General Fund’s progress toward financial sustainability is the General Fund Reserve Policy. With the adoption of the FY 18/19 Budget, the City Council expanded the previous 15% reserve policy, adding three new reserve categories to internally restrict funds in order to address some of the City’s long-term financial liabilities and potential areas of financial exposure, such as claims expenses, aged infrastructure, and rising retiree benefits. Below is a list of the adopted reserve categories. Budget-At -A-Glance: FY 2018/19 OPERATING DEFICIT: -$965,341 The General Fund is operating with a structural budget deficit. Fiscal Year 2018/19 Budget is balanced due to proceeds from one-time proporty sales of $2.9 million. Azusa is committed to sharing information with its citizens about the source of every dollar of revenue, as well as how each dollar is used for the benefit of the community. The General Fund Operating Budget is adopted by the City Council annually and is a forecast of revenues and expenditures for the fiscal year. RESERVE CATEGORY AMOUNT Budget Stabilization & Catastrophic Event $ 6,265,725 Capital & Infrastructure Replacement $ 1,500,000 Insurance $ 1,000,000 Retiree Benefits $ 1,500,000 Total Internally Restricted Reserves $ 10,265,725 REVENUES WHERE THE MONEY COMES FROM EXPENDITURES HOW THE MONEY IS USED Public Safety $ 24,137,407 56.8% General Government $ 9,914,446 23.3% Culture & Recreation $ 5,049,031 11.9% Community Development $ 2,500,310 5.9% Highways & Streets $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY  Provides 24/7 Police Services and Fire Protection GENERAL GOVERNMENT  Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance  Offers resources for community needs such as scholarship programs for local High School students CULTURE & RECREATION  Funds Recreation & Family Services and Library Services  Provides clean parks and well-groomed trees citywide  Offers community events such as Concerts in the Park and Citizenship programs COMMUNITY DEVELOPMENT  Provides a well-planned, zoned community with smart economic development projects that bring the best synergy to the City such as the pending Laemmle Theater Project HIGHWAY & STREETS  Maintains safe roads and sidewalks  Removes Graffiti from public property  Uses special revenues to provide services such as transportation for seniors and disabled residents within the City Property Tax $ 11,123,805 26.7% Sales Tax $ 5,887,645 14.2% Utility User Tax $ 3,327,870 8.0% Other Taxes $ 8,750,385 21.1% Charges for Services $ 3,742,184 9.0% Cost Reimbursements $ 607,750 1.5% Transfers In $ 1,412,340 3.4% Fines & Penalties $ 1,152,925 2.8% License & Permits $ 3,083,635 7.4% Miscellaneous $ 389,990 1.0% Money & Property Use $ 2,055,200 4.9% Total $41,533,729 GENERAL FUND RESERVESSERVICES PROVIDED TO YOU FROM BUDGET GENREAL FUND RESERVES * Includes use of Capital & Infrastructure Replacement Reserve account of $690,485 Values & Priorities Public Safety, achieved by focusing on effective crime prevention, sustainable safety measures, and the capacity to respond quickly. Financial Sustainability, achieved by developing revenue sources and aggressively seeking opportunities to reduce expenses. Enhanced Quality of Life, achieved by supporting healthy living opportunities, maintaining well-managed public spaces, and engaging with the community. A Thriving Economy, achieved by fostering economic development, encouraging tourism, and obtaining, retaining and supporting local business. Transparency, Responsibility, and Accountability, achieved by providing vital services, increasing citizen satisfaction, and maintaining open communication. As the City prepares its budget each year, City staff and elected leaders balance a number of guiding values and priorities to maximize the benefit of community resources. These priorities include: Address: 213 E. Foothill Blvd. Azusa, CA 91702 Monday-Thursday: 7:00am to 5:30 pm Main Phone Number: (626) 812-5200 Connect with us: Azusa City Council Joseph R. Rocha, Mayor Robert Gonzales, Mayor Pro Tem Angel A. Carrillo, Council Member Edward J. Alvarez, Council Member Uriel E. Macias, Council Member ………………………………………………… To fulfill the City’s promise of enhancing the quality of life for all residents, businesses, and visitors, each year a budget is established to allocate costs in the most efficient manner. As part of its commitment to transparency, Azusa provides this budget summary to keep residents informed about where City revenues are coming from and how they are spent. …………………………………………………………… The City Council meets the 1st and 3rd Monday of each month at 6:30 pm at City Hall View the complete budget online at: www.AzusaCA.gov/189/Budgets Para recibir esta información en español, por favor llame al (626) 812-5200 Budget Highlights The budget expenditures and initiatives of the City of Azusa are aligned with the community’s goals. The 2018/19 budget expenditures were determined by the City Council, City Manager, and City staff after careful consideration of the residential and business needs of the Community. For more information: Please contact the Finance Department at Finance@AzusaCA.gov or (626) 812-5203 General Fund Budget is balanced with a projected change in fund balance of $1.9 million due to proceeds from one-time property sales of $2.9 million The uncommitted reserve fund balance is expected to increase to $11.2 million by the end of FY 18/19, inclusive of one-time revenues and expenditures Taxes provide approximately 70% of General Fund on-going revenues. Four major categories are: Property Taxes (27%), Sales Taxes (14%), Utility User Taxes (8%), Other Taxes (21%) The estimated uncommitted reserve fund balance includes $10.3 million of internally restricted funds set aside to mitigate potential areas of financial exposure and to address some of the City's long-term financial liabilities facebook.com/cityofazusa twitter.com/cityofazusa @azusacity Budget At A Glance FOR THE FISCAL YEAR 2018/19 57 percent ($24.1 million) of the budget goes to cover the cost of public safety services Budget Highlights The budget expenditures and initiatives of the City of Azusa are aligned with the community’s goals. The 2018/19 budget expenditures were determined by the City Council, City Manager, and City staff after careful consideration of the residential and business needs of the Community. ◆ General Fund Budget is balanced with a projected change in fund balance of $1.9 million due to proceeds from one- time property sales of $2.9 million ◆ The uncommitted reserve fund balance is expected to in- crease to $11.2 million by the end of FY 18/19, inclusive of one-time revenues and expenditures ◆ Taxes provide approximately 70% of General Fund on- going revenues. Four major categories are: Property Taxes (27%), Sales Taxes (14%), Utility User Taxes (8%), Other Taxes (21%) ◆ 57 percent ($24.1 million) of the budget goes to cover the cost of public safety services ◆ The estimated uncommitted reserve fund balance includes $10.3 million of internally restricted funds set aside to miti- gate potential areas of financial exposure and to address some of the City’s long-term financial liabilities Connect with us: Address: 213 E. Foothill Blvd. Azusa, CA 91702 Monday-Thursday: 7:00 am to 5:30 pm Main Phone Number: (626) 812-5200 facebook.com/cityofazusa twitter.com/cityofazusa @azusacity Azusa City Council Joseph R. Rocha, Mayor Robert Gonzales, Mayor Pro Tem Angel A. Carrillo, Council Member Edward J. Alvarez, Council Member Uriel E. Macias, Council Member The City Council meets the 1st and 3rd Monday of each month at 6:30 pm at City Hall For More Information: Please contact the Finance Department at Finance@AzusaCA.gov or (626) 812-5203 Para recibir esta información en español, por favor llame al (626) 812-5203 FISCAL YEAR 2018/19 GENERAL FUND BUDGET GENERAL FUND RESERVES One of the benchmarks used to assess the General Fund’s progress toward financial sustainability is the General Fund Reserve Policy. With the adoption of the FY 18/19 Budget, the City Council expanded the previous 15% reserve policy, adding three new reserve categories to internally restrict funds in order to address some of the City’s long-term financial liabilities and potential areas of financial exposure, such as claims expenses, aged infrastructure, and rising retiree benefits. Below is a list of the adopted reserve categories. Budget-At -A-Glance: FY 2018/19 OPERATING DEFICIT: -$965,341 The General Fund is operating with a structural budget deficit. Fiscal Year 2018/19 Budget is balanced due to proceeds from one-time proporty sales of $2.9 million. Azusa is committed to sharing information with its citizens about the source of every dollar of revenue, as well as how each dollar is used for the benefit of the community. The General Fund Operating Budget is adopted by the City Council annually and is a forecast of revenues and expenditures for the fiscal year. RESERVE CATEGORY AMOUNT Budget Stabilization & Catastrophic Event $ 6,265,725 Capital & Infrastructure Replacement $ 1,500,000 Insurance $ 1,000,000 Retiree Benefits $ 1,500,000 Total Internally Restricted Reserves $ 10,265,725 REVENUES WHERE THE MONEY COMES FROM EXPENDITURES HOW THE MONEY IS USED Public Safety $ 24,137,407 56.8% General Government $ 9,914,446 23.3% Culture & Recreation $ 5,049,031 11.9% Community Development $ 2,500,310 5.9% Highways & Streets $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY Provides 24/7 Police Services and Fire Protection GENERAL GOVERNMENT Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance Offers resources for community needs such as scholarship programs for local High School students CULTURE & RECREATION Funds Recreation & Family Services and Library Services Provides clean parks and well-groomed trees citywide Offers community events such as Concerts in the Park and Citizenship programs COMMUNITY DEVELOPMENT Provides a well-planned, zoned community with smart economic development projects that bring the best synergy to the City such as the pending Laemmle Theater Project HIGHWAY & STREETS Maintains safe roads and sidewalks Removes Graffiti from public property Uses special revenues to provide services such as transportation for seniors and disabled residents within the City Property Tax $ 11,123,805 26.7% Sales Tax $ 5,887,645 14.2% Utility User Tax $ 3,327,870 8.0% Other Taxes $ 8,750,385 21.1% Charges for Services $ 3,742,184 9.0% Cost Reimbursements $ 607,750 1.5% Transfers In $ 1,412,340 3.4% Fines & Penalties $ 1,152,925 2.8% License & Permits $ 3,083,635 7.4% Miscellaneous $ 389,990 1.0% Money & Property Use $ 2,055,200 4.9% Total $41,533,729 GENERAL FUND RESERVESSERVICES PROVIDED TO YOU FROM BUDGET GENREAL FUND RESERVES * Includes use of Capital & Infrastructure Replacement Reserve account of $690,485 GENERAL FUND RESERVES One of the benchmarks used to assess the General Fund’s progress toward financial sustainability is the General Fund Reserve Policy. With the adoption of the FY 18/19 Budget, the City Council expanded the previous 15% reserve policy, adding three new reserve categories to internally restrict funds in order to address some of the City’s long-term financial liabilities and potential areas of financial exposure, such as claims expenses, aged infrastructure, and rising retiree benefits. Below is a list of the adopted reserve categories. Budget-At -A-Glance: FY 2018/19 OPERATING DEFICIT: -$965,341 The General Fund is operating with a structural budget deficit. Fiscal Year 2018/19 Budget is balanced due to proceeds from one-time proporty sales of $2.9 million. Azusa is committed to sharing information with its citizens about the source of every dollar of revenue, as well as how each dollar is used for the benefit of the community. The General Fund Operating Budget is adopted by the City Council annually and is a forecast of revenues and expenditures for the fiscal year. RESERVE CATEGORY AMOUNT Budget Stabilization & Catastrophic Event $ 6,265,725 Capital & Infrastructure Replacement $ 1,500,000 Insurance $ 1,000,000 Retiree Benefits $ 1,500,000 Total Internally Restricted Reserves $ 10,265,725 REVENUES WHERE THE MONEY COMES FROM EXPENDITURES HOW THE MONEY IS USED Public Safety $ 24,137,407 56.8% General Government $ 9,914,446 23.3% Culture & Recreation $ 5,049,031 11.9% Community Development $ 2,500,310 5.9% Highways & Streets $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY GENERAL GOVERNMENT CULTURE & RECREATION COMMUNITY DEVELOPMENT HIGHWAY & STREETS Property Tax $ 11,123,805 26.7% Sales Tax $ 5,887,645 14.2% Utility User Tax $ 3,327,870 8.0% Other Taxes $ 8,750,385 21.1% Charges for Services $ 3,742,184 9.0% Cost Reimbursements $ 607,750 1.5% Transfers In $ 1,412,340 3.4% Fines & Penalties $ 1,152,925 2.8% License & Permits $ 3,083,635 7.4% Miscellaneous $ 389,990 1.0% Money & Property Use $ 2,055,200 4.9% Total $41,533,729 GENERAL FUND RESERVESSERVICES PROVIDED TO YOU FROM BUDGET GENREAL FUND RESERVES * Includes use of Capital & Infrastructure Replacement Reserve account of $690,485 Azusa is committed to sharing information with its citizens about the source of every dollar of revenue, as well as how each dollar is used for the benefit of the community. The General Fund Operating Budget is adopted by the City Council annually and is a forecast of revenues and expenditures for the fiscal year. GENERAL FUND RESERVES One of the benchmarks used to assess the General Fund’s progress toward financial sustainability is the General Fund Reserve Policy. With the adoption of the FY 18/19 Budget, the City Council expanded the previous 15% reserve policy, adding three new reserve categories to internally restrict funds in order to address some of the City’s long-term financial liabilities and potential areas of financial exposure, such as claims expenses, aged infrastructure, and rising retiree benefits. Below is a list of the adopted reserve categories. Budget-At -A-Glance: FY 2018/19 OPERATING DEFICIT: -$965,341 The General Fund is operating with a structural budget deficit. Fiscal Year 2018/19 Budget is balanced due to proceeds from one-time proporty sales of $2.9 million. Azusa is committed to sharing information with its citizens about the source of every dollar of revenue, as well as how each dollar is used for the benefit of the community. The General Fund Operating Budget is adopted by the City Council annually and is a forecast of revenues and expenditures for the fiscal year. RESERVE CATEGORY AMOUNT Budget Stabilization & Catastrophic Event $ 6,265,725 Capital & Infrastructure Replacement $ 1,500,000 Insurance $ 1,000,000 Retiree Benefits $ 1,500,000 Total Internally Restricted Reserves $ 10,265,725 REVENUES WHERE THE MONEY COMES FROM EXPENDITURES HOW THE MONEY IS USED Public Safety $ 24,137,407 56.8% General Government $ 9,914,446 23.3% Culture & Recreation $ 5,049,031 11.9% Community Development $ 2,500,310 5.9% Highways & Streets $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY Provides 24/7 Police Services and Fire Protection GENERAL GOVERNMENT Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance Offers resources for community needs such as scholarship programs for local High School students CULTURE & RECREATION Funds Recreation & Family Services and Library Services Provides clean parks and well-groomed trees citywide Offers community events such as Concerts in the Park and Citizenship programs COMMUNITY DEVELOPMENT Provides a well-planned, zoned community with smart economic development projects that bring the best synergy to the City such as the pending Laemmle Theater Project HIGHWAY & STREETS Maintains safe roads and sidewalks Removes Graffiti from public property Uses special revenues to provide services such as transportation for seniors and disabled residents within the City Property Tax $ 11,123,805 26.7% Sales Tax $ 5,887,645 14.2% Utility User Tax $ 3,327,870 8.0% Other Taxes $ 8,750,385 21.1% Charges for Services $ 3,742,184 9.0% Cost Reimbursements $ 607,750 1.5% Transfers In $ 1,412,340 3.4% Fines & Penalties $ 1,152,925 2.8% License & Permits $ 3,083,635 7.4% Miscellaneous $ 389,990 1.0% Money & Property Use $ 2,055,200 4.9% Total $41,533,729 GENERAL FUND RESERVESSERVICES PROVIDED TO YOU FROM BUDGET GENREAL FUND RESERVES * Includes use of Capital & Infrastructure Replacement Reserve account of $690,485 GENERAL FUND RESERVES One of the benchmarks used to assess the General Fund’s progress toward financial sustainability is the General Fund Reserve Policy. With the adoption of the FY 18/19 Budget, the City Council expanded the previous 15% reserve policy, adding three new reserve categories to internally restrict funds in order to address some of the City’s long-term financial liabilities and potential areas of financial exposure, such as claims expenses, aged infrastructure, and rising retiree benefits. Below is a list of the adopted reserve categories. Budget-At -A-Glance: FY 2018/19 OPERATING DEFICIT: -$965,341 The General Fund is operating with a structural budget deficit. Fiscal Year 2018/19 Budget is balanced due to proceeds from one-time proporty sales of $2.9 million. Azusa is committed to sharing information with its citizens about the source of every dollar of revenue, as well as how each dollar is used for the benefit of the community. The General Fund Operating Budget is adopted by the City Council annually and is a forecast of revenues and expenditures for the fiscal year. RESERVE CATEGORY AMOUNT Budget Stabilization & Catastrophic Event $ 6,265,725 Capital & Infrastructure Replacement $ 1,500,000 Insurance $ 1,000,000 Retiree Benefits $ 1,500,000 Total Internally Restricted Reserves $ 10,265,725 REVENUES WHERE THE MONEY COMES FROM EXPENDITURES HOW THE MONEY IS USED Public Safety $ 24,137,407 56.8% General Government $ 9,914,446 23.3% Culture & Recreation $ 5,049,031 11.9% Community Development $ 2,500,310 5.9% Highways & Streets $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY Provides 24/7 Police Services and Fire Protection GENERAL GOVERNMENT Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance Offers resources for community needs such as scholarship programs for local High School students CULTURE & RECREATION Funds Recreation & Family Services and Library Services Provides clean parks and well-groomed trees citywide Offers community events such as Concerts in the Park and Citizenship programs COMMUNITY DEVELOPMENT Provides a well-planned, zoned community with smart economic development projects that bring the best synergy to the City such as the pending Laemmle Theater Project HIGHWAY & STREETS Maintains safe roads and sidewalks Removes Graffiti from public property Uses special revenues to provide services such as transportation for seniors and disabled residents within the City Property Tax $ 11,123,805 26.7% Sales Tax $ 5,887,645 14.2% Utility User Tax $ 3,327,870 8.0% Other Taxes $ 8,750,385 21.1% Charges for Services $ 3,742,184 9.0% Cost Reimbursements $ 607,750 1.5% Transfers In $ 1,412,340 3.4% Fines & Penalties $ 1,152,925 2.8% License & Permits $ 3,083,635 7.4% Miscellaneous $ 389,990 1.0% Money & Property Use $ 2,055,200 4.9% Total $41,533,729 GENERAL FUND RESERVESSERVICES PROVIDED TO YOU FROM BUDGET GENREAL FUND RESERVES * Includes use of Capital & Infrastructure Replacement Reserve account of $690,485 GENERAL FUND RESERVESOne of the benchmarks used to assess the General Fund’s progress toward financial sustainability is the General Fund Reserve Policy. With the adoption of the FY 18/19 Budget, the City Council expanded the previous 15% reserve policy, adding three new reserve categories to internally restrict funds in order to address some of the City’s long-term financial liabilities and potential areas of financial exposure, such as claims expenses, aged infrastructure, and rising retiree benefits. Below is a list of the adopted reserve categories. Budget-At -A-Glance: FY 2018/19 OPERATING DEFICIT: -$965,341 The General Fund is operating with a structural budget deficit. Fiscal Year 2018/19 Budget is balanced due to proceeds from one-time proporty sales of $2.9 million. Azusa is committed to sharing information with its citizens about the source of every dollar of revenue, as well as how each dollar is used for the benefit of the community. The General Fund Operating Budget is adopted by the City Council annually and is a forecast of revenues and expenditures for the fiscal year. RESERVE CATEGORY AMOUNT Budget Stabilization & Catastrophic Event $ 6,265,725 Capital & Infrastructure Replacement $ 1,500,000 Insurance $ 1,000,000 Retiree Benefits $ 1,500,000 Total Internally Restricted Reserves $ 10,265,725 REVENUES WHERE THE MONEY COMES FROM EXPENDITURES HOW THE MONEY IS USED Public Safety $ 24,137,407 56.8% General Government $ 9,914,446 23.3% Culture & Recreation $ 5,049,031 11.9% Community Development $ 2,500,310 5.9% Highways & Streets $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY Provides 24/7 Police Services and Fire Protection GENERAL GOVERNMENT Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance Offers resources for community needs such as scholarship programs for local High School students CULTURE & RECREATION Funds Recreation & Family Services and Library Services Provides clean parks and well-groomed trees citywide Offers community events such as Concerts in the Park and Citizenship programs COMMUNITY DEVELOPMENT Provides a well-planned, zoned community with smart economic development projects that bring the best synergy to the City such as the pending Laemmle Theater Project HIGHWAY & STREETS Maintains safe roads and sidewalks Removes Graffiti from public property Uses special revenues to provide services such as transportation for seniors and disabled residents within the City Property Tax $ 11,123,805 26.7% Sales Tax $ 5,887,645 14.2% Utility User Tax $ 3,327,870 8.0% Other Taxes $ 8,750,385 21.1% Charges for Services $ 3,742,184 9.0% Cost Reimbursements $ 607,750 1.5% Transfers In $ 1,412,340 3.4% Fines & Penalties $ 1,152,925 2.8% License & Permits $ 3,083,635 7.4% Miscellaneous $ 389,990 1.0% Money & Property Use $ 2,055,200 4.9% Total $41,533,729 GENERAL FUND RESERVESSERVICES PROVIDED TO YOU FROM BUDGET GENREAL FUND RESERVES * Includes use of Capital & Infrastructure Replacement Reserve account of $690,485 ◆ Provides 24/7 Police and Fire Services ◆ Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance ◆ Offers resources for community needs such as scholarship programs for local High School students ◆ Funds Recreation & Family and Library Services ◆ Provides clean parks and well-groomed trees and landscaping citywide ◆ Offers community events, recreational swimming, and after school, citizenship, and literacy programs ◆ Provides code enforcement services and a well-planned, zoned community with smart economic developments that bring the best synergy to the City such as the pending Laemmle Theater project ◆ Maintains safe roads and sidewalks ◆ Removes Graffiti from public property ◆ Uses special revenues to provide services such as transportation for seniors and disabled residents within the City GENERAL FUND RESERVESOne of the benchmarks used to assess the General Fund’s progress toward financial sustainability is the General Fund Reserve Policy. With the adoption of the FY 18/19 Budget, the City Council expanded the previous 15% reserve policy, adding three new reserve categories to internally restrict funds in order to address some of the City’s long-term financial liabilities and potential areas of financial exposure, such as claims expenses, aged infrastructure, and rising retiree benefits. Below is a list of the adopted reserve categories. Budget-At -A-Glance: FY 2018/19 OPERATING DEFICIT: -$965,341 The General Fund is operating with a structural budget deficit. Fiscal Year 2018/19 Budget is balanced due to proceeds from one-time proporty sales of $2.9 million. Azusa is committed to sharing information with its citizens about the source of every dollar of revenue, as well as how each dollar is used for the benefit of the community. The General Fund Operating Budget is adopted by the City Council annually and is a forecast of revenues and expenditures for the fiscal year. RESERVE CATEGORY AMOUNT Budget Stabilization & Catastrophic Event $ 6,265,725 Capital & Infrastructure Replacement $ 1,500,000 Insurance $ 1,000,000 Retiree Benefits $ 1,500,000 Total Internally Restricted Reserves $ 10,265,725 REVENUES WHERE THE MONEY COMES FROM EXPENDITURES HOW THE MONEY IS USED Public Safety $ 24,137,407 56.8% General Government $ 9,914,446 23.3% Culture & Recreation $ 5,049,031 11.9% Community Development $ 2,500,310 5.9% Highways & Streets $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY Provides 24/7 Police Services and Fire Protection GENERAL GOVERNMENT Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance Offers resources for community needs such as scholarship programs for local High School students CULTURE & RECREATION Funds Recreation & Family Services and Library Services Provides clean parks and well-groomed trees citywide Offers community events such as Concerts in the Park and Citizenship programs COMMUNITY DEVELOPMENT Provides a well-planned, zoned community with smart economic development projects that bring the best synergy to the City such as the pending Laemmle Theater Project HIGHWAY & STREETS Maintains safe roads and sidewalks Removes Graffiti from public property Uses special revenues to provide services such as transportation for seniors and disabled residents within the City Property Tax $ 11,123,805 26.7% Sales Tax $ 5,887,645 14.2% Utility User Tax $ 3,327,870 8.0% Other Taxes $ 8,750,385 21.1% Charges for Services $ 3,742,184 9.0% Cost Reimbursements $ 607,750 1.5% Transfers In $ 1,412,340 3.4% Fines & Penalties $ 1,152,925 2.8% License & Permits $ 3,083,635 7.4% Miscellaneous $ 389,990 1.0% Money & Property Use $ 2,055,200 4.9% Total $41,533,729 GENERAL FUND RESERVESSERVICES PROVIDED TO YOU FROM BUDGET GENREAL FUND RESERVES * Includes use of Capital & Infrastructure Replacement Reserve account of $690,485 Proceeds from one-time property sales of $2.9 million helped the General Fund to achieve a balanced budget for FY 18/19. With removal of the one-time proceeds, the General Fund’s budget is structurally imbalanced with an operating deficit of $1.0 million. The City is tasked in the upcoming years to explore ways to enhance its revenue base in order to keep up with rising costs while maintaining quality services to the Community. RESUMEN DEL PRESUPUESTO AÑO FISCAL 2018/2019 Para cumplir con la promesa de la Ciudad de mejorar la calidad de vida para todos los residentes, empresas, y visitantes, se establece un presupuesto para asignar costos en la forma más eficiente. Como parte de su compromiso de transparencia, la Ciudad de Azusa provee este resumen presupuestario para mantener informados a los residentes sobre de donde provienen los ingresos Municipales y como son gastados. Valores y Prioridades Mientras la Ciudad prepara su presupuesto anual, el per- sonal de la Ciudad y funcionarios electos consideran un número de valores y prioridades rectoras para maximizar los beneficios de recursos comunitarios. Estas prioridades incluyen: SEGURIDAD PÚBLICA, lograda a través del enfoque en la prevención eficaz de delincuencia, sostenibilidad de medidas de seguridad, y la capacidad de responder rápidamente. SOSTENIBILIDAD FINANCIERA, lograda a través del desarrollo de fuentes de ingresos y la búsqueda agresiva de oportunidades para reducir gastos. MEJORAR LA CALIDAD DE VIDA, alograda a través del apoyo de oportunidades para vidas sanas, mantener espacios públicos bien administrados, y participar con la comunidad. UNA ECONOMÍA PRÓSPERA, lograda a través de fomentar el desarrollo economíco, estimular turismo, y obtener, retener y apoyar a empresas locales. TRANSPARENCIA, RESPONSABILIDAD, Y RENDICIÓN DE CUENTAS, logrado a través de proveer servicios fundamentales, aumentar la satisfacción de la ciudadanía, y mantener canales de comunicación abiertos. Values & Priorities Public Safety, achieved by focusing on effective crime prevention, sustainable safety measures, and the capacity to respond quickly. Financial Sustainability, achieved by developing revenue sources and aggressively seeking opportunities to reduce expenses. Enhanced Quality of Life, achieved by supporting healthy living opportunities, maintaining well-managed public spaces, and engaging with the community. A Thriving Economy, achieved by fostering economic development, encouraging tourism, and obtaining, retaining and supporting local business. Transparency, Responsibility, and Accountability, achieved by providing vital services, increasing citizen satisfaction, and maintaining open communication. As the City prepares its budget each year, City staff and elected leaders balance a number of guiding values and priorities to maximize the benefit of community resources. These priorities include: Address: 213 E. Foothill Blvd. Azusa, CA 91702 Monday-Thursday: 7:00am to 5:30 pm Main Phone Number: (626) 812-5200 Connect with us: Azusa City Council Joseph R. Rocha, Mayor Robert Gonzales, Mayor Pro Tem Angel A. Carrillo, Council Member Edward J. Alvarez, Council Member Uriel E. Macias, Council Member ………………………………………………… To fulfill the City’s promise of enhancing the quality of life for all residents, businesses, and visitors, each year a budget is established to allocate costs in the most efficient manner. As part of its commitment to transparency, Azusa provides this budget summary to keep residents informed about where City revenues are coming from and how they are spent. …………………………………………………………… The City Council meets the 1st and 3rd Monday of each month at 6:30 pm at City Hall View the complete budget online at: www.AzusaCA.gov/189/Budgets Para recibir esta información en español, por favor llame al (626) 812-5200 Budget Highlights The budget expenditures and initiatives of the City of Azusa are aligned with the community’s goals. The 2018/19 budget expenditures were determined by the City Council, City Manager, and City staff after careful consideration of the residential and business needs of the Community. For more information: Please contact the Finance Department at Finance@AzusaCA.gov or (626) 812-5203 General Fund Budget is balanced with a projected change in fund balance of $1.9 million due to proceeds from one-time property sales of $2.9 million The uncommitted reserve fund balance is expected to increase to $11.2 million by the end of FY 18/19, inclusive of one-time revenues and expenditures Taxes provide approximately 70% of General Fund on-going revenues. Four major categories are: Property Taxes (27%), Sales Taxes (14%), Utility User Taxes (8%), Other Taxes (21%) The estimated uncommitted reserve fund balance includes $10.3 million of internally restricted funds set aside to mitigate potential areas of financial exposure and to address some of the City's long-term financial liabilities facebook.com/cityofazusa twitter.com/cityofazusa @azusacity Budget At A Glance FOR THE FISCAL YEAR 2018/19 57 percent ($24.1 million) of the budget goes to cover the cost of public safety services Revise el presupuesto completo en línea visitando: www.AzusaCA.gov/189/Budgets Fondos de Reserva de la Cuenta General Uno de los puntos de referencia utilizados para evaluar el progreso de la Cuenta General hacia la sostenibilidad financiera es la Política de Reserva de la Cuenta General. Con la adopción del Presupuesto del Año Fiscal 18/19, el Concejo Municipal expandió la previa política de reserva de 15%, agregando tres nuevas categorías de reserva para restringir internamente los fondos para así tratar con algunas responsabilidades financieras de largo plazo de la Ciudad y posibles áreas de exposición financiera, tal como gastos por reclamos, infraestructura antigua, y con los incrementos a las prestaciones de jubilación. A continuación está una lista de las categorías de reservas adoptadas DÉFICIT PRESUPUESTARIO : -$965,341 CATEGORÍA DEL FONDO DE RESERVA CANTIDAD Estabilización Presupuestaria & Evento Catastrófico $ 6,265,725 Reemplazo de Capital e Infraestructura $ 1,500,000 Aseguranza $ 1,000,000 Prestaciones de Jubilación $ 1,500,000 Total de Fondos de Reserva Restringidos Internamente $ 10,265,725 Ingresos DE DONDE PROVIENE EL DINERO Expenditures Gastos LA FORMA EN QUE SE USA EL DINERO Seguridad Pública $ 24,137,407 56.8% Gobierno General $ 9,914,446 23.3% Cultura & Recreación $ 5,049,031 11.9% Desarrollo Comunitario $ 2,500,310 5.9% Autopistas & Vías $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY  Provides 24/7 Police Services and Fire Protection GENERAL GOVERNMENT  Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance  Offers resources for community needs such as scholarship programs for local High School students CULTURE & RECREATION  Funds Recreation & Family Services and Library Services  Provides clean parks and well-groomed trees citywide  Offers community events such as Concerts in the Park and Citizenship programs COMMUNITY DEVELOPMENT  Provides a well-planned, zoned community with smart economic development projects that bring the best synergy to the City such as the pending Laemmle Theater Project HIGHWAY & STREETS  Maintains safe roads and sidewalks  Removes Graffiti from public property  Uses special revenues to provide services such as transportation for seniors and disabled residents within the City Impuestos Prediales $ 11,123,805 26.7% Impuestos de Ventas $ 5,887,645 14.2% Impuestos a Usuarios de Servicios Públicos $ 3,327,870 8.0% Otros Impuestos $ 8,750,385 21.1% Cobros por Servicios $ 3,742,184 9.0% Reembolsos de Costos $ 607,750 1.5% Transferencias a la Cuenta $ 1,412,340 3.4% Multas & Sanciones $ 1,152,925 2.8% Licencias y Permisos $ 3,083,635 7.4% Misceláneo $ 389,990 1.0% Uso de Dinero & Propiedad $ 2,055,200 4.9% Total $41,533,729 *Incluye el uso de $690,485 de la cuenta de Reserva de Reemplazo de Infraestructura & Capital Values & Priorities Public Safety, achieved by focusing on effective crime prevention, sustainable safety measures, and the capacity to respond quickly. Financial Sustainability, achieved by developing revenue sources and aggressively seeking opportunities to reduce expenses. Enhanced Quality of Life, achieved by supporting healthy living opportunities, maintaining well-managed public spaces, and engaging with the community. A Thriving Economy, achieved by fostering economic development, encouraging tourism, and obtaining, retaining and supporting local business. Transparency, Responsibility, and Accountability, achieved by providing vital services, increasing citizen satisfaction, and maintaining open communication. As the City prepares its budget each year, City staff and elected leaders balance a number of guiding values and priorities to maximize the benefit of community resources. These priorities include: Address: 213 E. Foothill Blvd. Azusa, CA 91702 Monday-Thursday: 7:00am to 5:30 pm Main Phone Number: (626) 812-5200 Connect with us: Azusa City Council Joseph R. Rocha, Mayor Robert Gonzales, Mayor Pro Tem Angel A. Carrillo, Council Member Edward J. Alvarez, Council Member Uriel E. Macias, Council Member ………………………………………………… To fulfill the City’s promise of enhancing the quality of life for all residents, businesses, and visitors, each year a budget is established to allocate costs in the most efficient manner. As part of its commitment to transparency, Azusa provides this budget summary to keep residents informed about where City revenues are coming from and how they are spent. …………………………………………………………… The City Council meets the 1st and 3rd Monday of each month at 6:30 pm at City Hall View the complete budget online at: www.AzusaCA.gov/189/Budgets Para recibir esta información en español, por favor llame al (626) 812-5200 Budget Highlights The budget expenditures and initiatives of the City of Azusa are aligned with the community’s goals. The 2018/19 budget expenditures were determined by the City Council, City Manager, and City staff after careful consideration of the residential and business needs of the Community. For more information: Please contact the Finance Department at Finance@AzusaCA.gov or (626) 812-5203 General Fund Budget is balanced with a projected change in fund balance of $1.9 million due to proceeds from one-time property sales of $2.9 million The uncommitted reserve fund balance is expected to increase to $11.2 million by the end of FY 18/19, inclusive of one-time revenues and expenditures Taxes provide approximately 70% of General Fund on-going revenues. Four major categories are: Property Taxes (27%), Sales Taxes (14%), Utility User Taxes (8%), Other Taxes (21%) The estimated uncommitted reserve fund balance includes $10.3 million of internally restricted funds set aside to mitigate potential areas of financial exposure and to address some of the City's long-term financial liabilities facebook.com/cityofazusa twitter.com/cityofazusa @azusacity Budget At A Glance FOR THE FISCAL YEAR 2018/19 57 percent ($24.1 million) of the budget goes to cover the cost of public safety services Puntos Sobresalientes del Presupuesto Los gastos e iniciativas presupuestarias de la Ciudad de Azusa están alineados con las metas comunitarias. Los gastos presupuestarios del 2018/19 fueron determinados por el Concejo Municipal, el Gerente Municipal, y el personal de la Ciudad después de una cuidadosa consideración de las necesidades de los residentes y de las empresas de la Comunidad. ◆ El Presupuesto de la Cuenta General es equilibrado con un cambio proyectado en el equilibrio de la cuenta de $1.9 millones debido a los fondos de las ventas de propiedad, solo una vez, de $2.9 millones. ◆ El saldo no comprometido de la cuente de reserva se espera que aumente a $11.2 millones para fines del Año Fiscal 18/19, incluyendo los ingresos y gastos de una sola vez. ◆ Los impuestos proveen aproximadamente el 70% de los ingresos continuos de la Cuenta General. Las cuatro categorías principales son: Impuestos Prediales (27%), Impuestos sobre las Ventas (14%), Impuestos a los Usuarios de Servicios Públicos (8%), Otros Impuestos (21%) ◆ El 57 por ciento ($24.1 millones) del presupuesto se utiliza para cubrir el costo de los servicios de seguridad pública ◆ El estimado del saldo no comprometido de la cuenta de reserva incluye $10.3 millones de fondos internamente restringidos apartados para mitigar posibles áreas de exposición financiera y para tratar con algunas responsabilidades financieras de largo plazo de la Ciudad. Conéctese con Nosotros Domicilio: 213 E. Foothill Blvd. Azusa, CA 91702 Lunes - Jueves: 7:00 am to 5:30 pm Número de Teléfono Principal: (626) 812-5200 facebook.com/cityofazusa twitter.com/cityofazusa @azusacity Concejo Municipal de Azusa Joseph R. Rocha, Mayor Robert Gonzales, Mayor Pro Tem Angel A. Carrillo, Council Member Edward J. Alvarez, Council Member Uriel E. Macias, Council Member El Concejo Municipal se reúne el 1er y 3er lunes de cada mes a las 6:30 pm en el Concejo Municipal Para Más Información: Favor de comunicarse con el Departamento de Finanzas Finance@AzusaCA.gov o (626) 812-5203 Para recibir esta información en español, por favor llame al (626) 812-5203 PRESUPUESTO DE LA CUENTA GENERAL DEL AÑO FISCAL 2018/19 DÉFICIT PRESUPUESTARIO : -$965,341 CATEGORÍA DEL FONDO DE RESERVA CANTIDAD Estabilización Presupuestaria & Evento Catastrófico $ 6,265,725 Reemplazo de Capital e Infraestructura $ 1,500,000 Aseguranza $ 1,000,000 Prestaciones de Jubilación $ 1,500,000 Total de Fondos de Reserva Restringidos Internamente $ 10,265,725 Ingresos DE DONDE PROVIENE EL DINERO Expenditures Gastos LA FORMA EN QUE SE USA EL DINERO Seguridad Pública $ 24,137,407 56.8% Gobierno General $ 9,914,446 23.3% Cultura & Recreación $ 5,049,031 11.9% Desarrollo Comunitario $ 2,500,310 5.9% Autopistas & Vías $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY  Provides 24/7 Police Services and Fire Protection GENERAL GOVERNMENT  Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance  Offers resources for community needs such as scholarship programs for local High School students CULTURE & RECREATION  Funds Recreation & Family Services and Library Services  Provides clean parks and well-groomed trees citywide  Offers community events such as Concerts in the Park and Citizenship programs COMMUNITY DEVELOPMENT  Provides a well-planned, zoned community with smart economic development projects that bring the best synergy to the City such as the pending Laemmle Theater Project HIGHWAY & STREETS  Maintains safe roads and sidewalks  Removes Graffiti from public property  Uses special revenues to provide services such as transportation for seniors and disabled residents within the City Impuestos Prediales $ 11,123,805 26.7% Impuestos de Ventas $ 5,887,645 14.2% Impuestos a Usuarios de Servicios Públicos $ 3,327,870 8.0% Otros Impuestos $ 8,750,385 21.1% Cobros por Servicios $ 3,742,184 9.0% Reembolsos de Costos $ 607,750 1.5% Transferencias a la Cuenta $ 1,412,340 3.4% Multas & Sanciones $ 1,152,925 2.8% Licencias y Permisos $ 3,083,635 7.4% Misceláneo $ 389,990 1.0% Uso de Dinero & Propiedad $ 2,055,200 4.9% Total $41,533,729 *Incluye el uso de $690,485 de la cuenta de Reserva de Reemplazo de Infraestructura & Capital GENERAL FUND RESERVES One of the benchmarks used to assess the General Fund’s progress toward financial sustainability is the General Fund Reserve Policy. With the adoption of the FY 18/19 Budget, the City Council expanded the previous 15% reserve policy, adding three new reserve categories to internally restrict funds in order to address some of the City’s long-term financial liabilities and potential areas of financial exposure, such as claims expenses, aged infrastructure, and rising retiree benefits. Below is a list of the adopted reserve categories. Budget-At -A-Glance: FY 2018/19 OPERATING DEFICIT: -$965,341 The General Fund is operating with a structural budget deficit. Fiscal Year 2018/19 Budget is balanced due to proceeds from one-time proporty sales of $2.9 million. Azusa is committed to sharing information with its citizens about the source of every dollar of revenue, as well as how each dollar is used for the benefit of the community. The General Fund Operating Budget is adopted by the City Council annually and is a forecast of revenues and expenditures for the fiscal year. RESERVE CATEGORY AMOUNT Budget Stabilization & Catastrophic Event $ 6,265,725 Capital & Infrastructure Replacement $ 1,500,000 Insurance $ 1,000,000 Retiree Benefits $ 1,500,000 Total Internally Restricted Reserves $ 10,265,725 REVENUES WHERE THE MONEY COMES FROM EXPENDITURES HOW THE MONEY IS USED Public Safety $ 24,137,407 56.8% General Government $ 9,914,446 23.3% Culture & Recreation $ 5,049,031 11.9% Community Development $ 2,500,310 5.9% Highways & Streets $ 897,876 2.1% Total $42,499,070* Property Tax $ 11,123,805 26.7% Sales Tax $ 5,887,645 14.2% Utility User Tax $ 3,327,870 8.0% Other Taxes $ 8,750,385 21.1% Charges for Services $ 3,742,184 9.0% Cost Reimbursements $ 607,750 1.5% Transfers In $ 1,412,340 3.4% Fines & Penalties $ 1,152,925 2.8% License & Permits $ 3,083,635 7.4% Miscellaneous $ 389,990 1.0% Money & Property Use $ 2,055,200 4.9% Total $41,533,729 GENERAL FUND RESERVESSERVICES PROVIDED TO YOU FROM BUDGET GENREAL FUND RESERVES * Includes use of Capital & Infrastructure Replacement Reserve account of $690,485 Azusa está comprometida a compartir información con su ciudadanía sobre las Fuentes de cada dólar de ingreso, también en que forma se utiliza cada dólar para el beneficio de la comunidad. El Presupuesto Operativo de la Cuenta General es aprobado por el Concejo Municipal anualmente y es una estimación de los ingresos y gastos para el año fiscal. DÉFICIT PRESUPUESTARIO : -$965,341 CATEGORÍA DEL FONDO DE RESERVA CANTIDAD Estabilización Presupuestaria & Evento Catastrófico $ 6,265,725 Reemplazo de Capital e Infraestructura $ 1,500,000 Aseguranza $ 1,000,000 Prestaciones de Jubilación $ 1,500,000 Total de Fondos de Reserva Restringidos Internamente $ 10,265,725 Ingresos DE DONDE PROVIENE EL DINERO Expenditures Gastos LA FORMA EN QUE SE USA EL DINERO Seguridad Pública $ 24,137,407 56.8% Gobierno General $ 9,914,446 23.3% Cultura & Recreación $ 5,049,031 11.9% Desarrollo Comunitario $ 2,500,310 5.9% Autopistas & Vías $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY  Provides 24/7 Police Services and Fire Protection GENERAL GOVERNMENT  Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance  Offers resources for community needs such as scholarship programs for local High School students CULTURE & RECREATION  Funds Recreation & Family Services and Library Services  Provides clean parks and well-groomed trees citywide  Offers community events such as Concerts in the Park and Citizenship programs COMMUNITY DEVELOPMENT  Provides a well-planned, zoned community with smart economic development projects that bring the best synergy to the City such as the pending Laemmle Theater Project HIGHWAY & STREETS  Maintains safe roads and sidewalks  Removes Graffiti from public property  Uses special revenues to provide services such as transportation for seniors and disabled residents within the City Impuestos Prediales $ 11,123,805 26.7% Impuestos de Ventas $ 5,887,645 14.2% Impuestos a Usuarios de Servicios Públicos $ 3,327,870 8.0% Otros Impuestos $ 8,750,385 21.1% Cobros por Servicios $ 3,742,184 9.0% Reembolsos de Costos $ 607,750 1.5% Transferencias a la Cuenta $ 1,412,340 3.4% Multas & Sanciones $ 1,152,925 2.8% Licencias y Permisos $ 3,083,635 7.4% Misceláneo $ 389,990 1.0% Uso de Dinero & Propiedad $ 2,055,200 4.9% Total $41,533,729 *Incluye el uso de $690,485 de la cuenta de Reserva de Reemplazo de Infraestructura & Capital GENERAL FUND RESERVES One of the benchmarks used to assess the General Fund’s progress toward financial sustainability is the General Fund Reserve Policy. With the adoption of the FY 18/19 Budget, the City Council expanded the previous 15% reserve policy, adding three new reserve categories to internally restrict funds in order to address some of the City’s long-term financial liabilities and potential areas of financial exposure, such as claims expenses, aged infrastructure, and rising retiree benefits. Below is a list of the adopted reserve categories. Budget-At -A-Glance: FY 2018/19 OPERATING DEFICIT: -$965,341 The General Fund is operating with a structural budget deficit. Fiscal Year 2018/19 Budget is balanced due to proceeds from one-time proporty sales of $2.9 million. Azusa is committed to sharing information with its citizens about the source of every dollar of revenue, as well as how each dollar is used for the benefit of the community. The General Fund Operating Budget is adopted by the City Council annually and is a forecast of revenues and expenditures for the fiscal year. RESERVE CATEGORY AMOUNT Budget Stabilization & Catastrophic Event $ 6,265,725 Capital & Infrastructure Replacement $ 1,500,000 Insurance $ 1,000,000 Retiree Benefits $ 1,500,000 Total Internally Restricted Reserves $ 10,265,725 REVENUES WHERE THE MONEY COMES FROM EXPENDITURES HOW THE MONEY IS USED Public Safety $ 24,137,407 56.8% General Government $ 9,914,446 23.3% Culture & Recreation $ 5,049,031 11.9% Community Development $ 2,500,310 5.9% Highways & Streets $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY Provides 24/7 Police Services and Fire Protection GENERAL GOVERNMENT Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance Offers resources for community needs such as scholarship programs for local High School students CULTURE & RECREATION Funds Recreation & Family Services and Library Services Provides clean parks and well-groomed trees citywide Offers community events such as Concerts in the Park and Citizenship programs COMMUNITY DEVELOPMENT Provides a well-planned, zoned community with smart economic development projects that bring the best synergy to the City such as the pending Laemmle Theater Project HIGHWAY & STREETS Maintains safe roads and sidewalks Removes Graffiti from public property Uses special revenues to provide services such as transportation for seniors and disabled residents within the City Property Tax $ 11,123,805 26.7% Sales Tax $ 5,887,645 14.2% Utility User Tax $ 3,327,870 8.0% Other Taxes $ 8,750,385 21.1% Charges for Services $ 3,742,184 9.0% Cost Reimbursements $ 607,750 1.5% Transfers In $ 1,412,340 3.4% Fines & Penalties $ 1,152,925 2.8% License & Permits $ 3,083,635 7.4% Miscellaneous $ 389,990 1.0% Money & Property Use $ 2,055,200 4.9% Total $41,533,729 GENERAL FUND RESERVESSERVICES PROVIDED TO YOU FROM BUDGET GENREAL FUND RESERVES * Includes use of Capital & Infrastructure Replacement Reserve account of $690,485 DÉFICIT PRESUPUESTARIO : -$965,341 CATEGORÍA DEL FONDO DE RESERVA CANTIDAD Estabilización Presupuestaria & Evento Catastrófico $ 6,265,725 Reemplazo de Capital e Infraestructura $ 1,500,000 Aseguranza $ 1,000,000 Prestaciones de Jubilación $ 1,500,000 Total de Fondos de Reserva Restringidos Internamente $ 10,265,725 Ingresos DE DONDE PROVIENE EL DINERO Expenditures Gastos LA FORMA EN QUE SE USA EL DINERO Seguridad Pública $ 24,137,407 56.8% Gobierno General $ 9,914,446 23.3% Cultura & Recreación $ 5,049,031 11.9% Desarrollo Comunitario $ 2,500,310 5.9% Autopistas & Vías $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY  Provides 24/7 Police Services and Fire Protection GENERAL GOVERNMENT  Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance  Offers resources for community needs such as scholarship programs for local High School students CULTURE & RECREATION  Funds Recreation & Family Services and Library Services  Provides clean parks and well-groomed trees citywide  Offers community events such as Concerts in the Park and Citizenship programs COMMUNITY DEVELOPMENT  Provides a well-planned, zoned community with smart economic development projects that bring the best synergy to the City such as the pending Laemmle Theater Project HIGHWAY & STREETS  Maintains safe roads and sidewalks  Removes Graffiti from public property  Uses special revenues to provide services such as transportation for seniors and disabled residents within the City Impuestos Prediales $ 11,123,805 26.7% Impuestos de Ventas $ 5,887,645 14.2% Impuestos a Usuarios de Servicios Públicos $ 3,327,870 8.0% Otros Impuestos $ 8,750,385 21.1% Cobros por Servicios $ 3,742,184 9.0% Reembolsos de Costos $ 607,750 1.5% Transferencias a la Cuenta $ 1,412,340 3.4% Multas & Sanciones $ 1,152,925 2.8% Licencias y Permisos $ 3,083,635 7.4% Misceláneo $ 389,990 1.0% Uso de Dinero & Propiedad $ 2,055,200 4.9% Total $41,533,729 *Incluye el uso de $690,485 de la cuenta de Reserva de Reemplazo de Infraestructura & Capital SEGURIDAD PÚBLICA ◆ Provee Servicios Policiales y de Bomberos 24/7 GOBIERNO GENERAL ◆ Provee fondos para funciones municipales fundamentales como: para la oficina del Gerente Municipal, servicios de la Secretaría Municipal, Recursos Huma- nos & Gestión de Riesgo, Información y Tecnología (IT por sus siglas en inglés) y Finanzas. ◆ Ofrece recursos para las necesidades comu- nitarias tal como programas de becas para estudiantes de las Preparatorias locales. CULTURA & RECREACIÓN ◆ Provee fondos para los Servicios de Recreación & Familia y de la Biblioteca ◆ Provee parques limpios y árboles bien podados y servicios de paisajismo de jardinería por toda la ciudad. ◆ Ofrece eventos comunitarios, natación recreativa, y programas después del horario escolar, de ciudadanía y de alfabetización. DESARROLLO COMUNITARIO ◆ Provee servicios de cumplimientos de código y comunidades zonificadas, bien- planificadas con desarrollo económico inteligente lo cual provee la mejor siner- gia a la Ciudad tal como el proyecto en proceso del Teatro Laemmle. AUTOPISTAS Y CALLES ◆ Mantiene vías y aceras segurass ◆ Elimina Graffiti de propiedades públicas ◆ Utiliza ingresos especiales para proveer servicios tal como transporte para resi- dentes de edad avanzada y discapacita- dos dentro de la Ciudad. Los fondos de las ventas de propiedad, de solo una vez, de $2.9 millones ayudaron a que la Cuenta General lograra un presupuesto equilibrada para el Año Fiscal 18/19. Con la eliminación de los fondos recibidos una sola vez, el presupuesto de Cuenta General está desequilibrado estructuralmente con un déficit operativo de $1.0 millones. La Ciudad tiene la responsabilidad en los próximos años de explorar maneras de mejorar su base de ingresos para mantenerse al tanto con el incremento de los costos mientras mantiene la calidad de servicios para la Comunidad. EL DÉFICIT OPERATIVO: -$965,341 DÉFICIT PRESUPUESTARIO : -$965,341 CATEGORÍA DEL FONDO DE RESERVA CANTIDAD Estabilización Presupuestaria & Evento Catastrófico $ 6,265,725 Reemplazo de Capital e Infraestructura $ 1,500,000 Aseguranza $ 1,000,000 Prestaciones de Jubilación $ 1,500,000 Total de Fondos de Reserva Restringidos Internamente $ 10,265,725 Ingresos DE DONDE PROVIENE EL DINERO Expenditures Gastos LA FORMA EN QUE SE USA EL DINERO Seguridad Pública $ 24,137,407 56.8% Gobierno General $ 9,914,446 23.3% Cultura & Recreación $ 5,049,031 11.9% Desarrollo Comunitario $ 2,500,310 5.9% Autopistas & Vías $ 897,876 2.1% Total $42,499,070* PUBLIC SAFETY  Provides 24/7 Police Services and Fire Protection GENERAL GOVERNMENT  Funds critical city functions such as: City Manager’s office, City Clerk services, Human Resources & Risk Management, IT and Finance  Offers resources for community needs such as scholarship programs for local High School students CULTURE & RECREATION  Funds Recreation & Family Services and Library Services  Provides clean parks and well-groomed trees citywide  Offers community events such as Concerts in the Park and Citizenship programs COMMUNITY DEVELOPMENT  Provides a well-planned, zoned community with smart economic development projects that bring the best synergy to the City such as the pending Laemmle Theater Project HIGHWAY & STREETS  Maintains safe roads and sidewalks  Removes Graffiti from public property  Uses special revenues to provide services such as transportation for seniors and disabled residents within the City Impuestos Prediales $ 11,123,805 26.7% Impuestos de Ventas $ 5,887,645 14.2% Impuestos a Usuarios de Servicios Públicos $ 3,327,870 8.0% Otros Impuestos $ 8,750,385 21.1% Cobros por Servicios $ 3,742,184 9.0% Reembolsos de Costos $ 607,750 1.5% Transferencias a la Cuenta $ 1,412,340 3.4% Multas & Sanciones $ 1,152,925 2.8% Licencias y Permisos $ 3,083,635 7.4% Misceláneo $ 389,990 1.0% Uso de Dinero & Propiedad $ 2,055,200 4.9% Total $41,533,729 *Incluye el uso de $690,485 de la cuenta de Reserva de Reemplazo de Infraestructura & Capital