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HomeMy WebLinkAbout2024-025 Operating Budget FY 2024-25RESOLUTION NO. 2024-25 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING THE FY 2024-25 ANNUAL OPERATING BUDGET AND ESTABLISHING THE CONTROLS ON CHANGES IN THE APPROPRIATIONS WHEREAS, the City Council (Council) has a policy of adopting an annual operating budget to plan expenditures and to match anticipated revenues available in various City accounts to make the most efficient use of the City’s limited resources for each fiscal year; and, WHEREAS, the City of Lake Elsinore (City) Municipal Code Section 3.04.010 defines the fiscal year for the City of Lake Elsinore as extending from July 1st of each year to and including June 30th of the following year. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: Section 1. The City of Lake Elsinore Annual Operating Budget is hereby approved and adopted for the 2024-25 fiscal year and as amended herein 2023-24 fiscal year for as attached per Exhibit A to this Resolution. Section 2. A copy of the City of Lake Elsinore Operating Budget hereby adopted and certified by the City Clerk shall be filed with the City Manager or a designated representative, and a further copy so certified shall be placed and shall remain on file in the Office of the City Clerk where it shall be available for inspection. Copies of the certified budgets shall be made available for the use of departments, offices, and agencies of the City. Section 3. That the following controls are hereby placed on the use and transfer of budget appropriations: (a) No expenditure of funds shall be made unless there is an unencumbered appropriation available to cover the expenditure. (b) The Department Director may prepare a transfer of appropriations within departmental budget accounts, with the approval of the City Manager. (c) The City Council must authorize transfers (appropriations) of funds from the Unreserved Fund Balance and transfers between departmental budget accounts. (d) The City Council must authorize any changes to the Schedule of Authorized Positions. The City Manager may authorize the hiring of temporary or part-time staff as necessary within the limits imposed by the controls listed above. (e) The City Manager may approve change orders on Public Works contracts approved by the City Council in amounts up to project contingency established by the City Council. (f) Outstanding encumbrances shown on the City books at June 30, 2024, that are approved by the City Manager, are hereby appropriated for such contracts or obligations for FY2024-25. (g) The City of Lake Elsinore Annual Operating Budget is hereby approved. DocuSign Envelope ID: 670EAF09-7AC6-41BC-8F34-720BE2C385B9 CC Reso. No. 2024-25 Page 2 of 2 Section 4. This Resolution shall take effect from and after the date of its passage and adoption. Passed and Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, this 11th day of June 2024. Steve Manos Mayor Attest: Candice Alvarez, MMC City Clerk STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF LAKE ELSINORE ) I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2024-25 was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of June 11, 2024 and that the same was adopted by the following vote: AYES: Council Members Sheridan and Magee; Mayor Pro Tem Tisdale; and Mayor Manos NOES: None ABSENT: Council Member Johnson ABSTAIN: None Candice Alvarez, MMC City Clerk DocuSign Envelope ID: 670EAF09-7AC6-41BC-8F34-720BE2C385B9 CITY OF LAKE ELSINORE, CALIFORNIA FY21-22 ACTUALS FY22-23 ACTUALS FY23-24 ADOPTED BUDGET FY24-25 PROPOSED BUDGET $Inc/(Dec) % Inc/ (Dec) Revenues: Sales Tax 16,445,263$ 15,746,683$ 17,543,480$ 17,087,000$ (456,480)$ -2.60% Property Tax 9,606,584 10,453,295 11,237,300 11,614,320 377,020 3.36% Franchise Tax 2,901,961 3,302,290 2,799,910 2,883,910 84,000 3.00% Building Permit Fee 1,511,782 953,803 1,420,310 1,462,920 42,610 3.00% Property Transfer Tax 621,757 368,479 367,610 378,640 11,030 3.00% Other Taxes 779,621 657,963 620,840 639,470 18,630 3.00% Licenses & Permits 1,711,503 1,901,867 2,043,390 2,104,390 61,000 2.99% Intergovernmental 181,362 347,004 443,490 516,800 73,310 16.53% Fees 5,408,860 3,614,438 5,944,390 6,337,620 393,230 6.62% Fines & Forfeitures 881,791 843,740 987,050 1,016,670 29,620 3.00% Tax Credit 3,722,847 3,869,416 4,248,380 5,382,550 1,134,170 26.70% Investment Earnings (619,754) 435,013 411,000 423,330 12,330 3.00% Reimbursements & Other 7,663,323 9,332,069 12,582,660 12,598,200 15,540 0.12% Special Assessments 5,659,438 5,957,127 6,989,360 7,194,960 205,600 2.94% Reimbursements - Public Safety 391,966 352,586 517,060 532,570 15,510 3.00% Reimbursements - Street Program 800,000 800,000 1,000,000 1,000,000 - 0.00% Total Revenues 57,668,304 58,935,773 69,156,230 71,173,350 2,017,120 2.92% Expenditures by Department: General Government: City Council 240,045$ 291,610$ 317,370$ 354,770$ 37,400$ 11.78% Community Support 564,015 405,457 624,060 604,260 (19,800) -3.17% City Clerk 703,549 741,437 901,650 1,095,020 193,370 21.45% City Attorney 667,277 851,967 676,210 675,190 (1,020) -0.15% City Manager 862,325 1,338,511 1,396,520 1,333,230 (63,290) -4.53% Administrative Services Finance 1,304,991 1,391,476 1,707,600 1,666,310 (41,290) -2.42% Human Resources 540,819 542,186 725,650 790,530 64,880 8.94% Public Safety: Police Services 15,876,391 16,727,969 18,652,220 19,531,030 878,810 4.71% Fire Services 8,015,325 9,409,288 11,004,250 12,136,450 1,132,200 10.29% Animal Services 814,818 906,465 984,500 1,209,040 224,540 22.81% Emergency Services 22,562 417,936 422,630 431,460 8,830 2.09% Community Development: Planning 1,328,697 1,966,663 2,714,590 2,242,660 (471,930) -17.38% Building & Safety 1,486,756 1,517,827 1,747,650 1,729,510 (18,140) -1.04% Code Enforcement 1,501,144 1,711,941 2,227,440 2,201,690 (25,750) -1.16% Economic Development 334,526 339,820 644,540 1,103,010 458,470 71.13% Fire Prevention 496,565 575,673 846,770 894,900 48,130 5.68% Public Services: Engineering 2,925,212 3,157,786 3,953,000 4,133,950 180,950 4.58% Public Works 3,803,629 4,254,745 5,263,920 4,808,110 (455,810) -8.66% Park Maintenance 2,941,158 3,417,791 4,061,510 4,031,600 (29,910) -0.74% Lake Maintenance 1,203,235 1,364,283 1,371,520 1,362,060 (9,460) -0.69% Community Services: Recreation 1,150,638 1,381,043 2,383,470 2,297,450 (86,020) -3.61% Community Center 767,923 869,954 1,165,950 1,395,710 229,760 19.71% Senior Center 492,561 692,979 856,740 910,810 54,070 6.31% Neighborhood Center - 650,318 1,063,070 1,039,070 (24,000) -2.26% Campground 484,300 - - - - 0.00% Non-Departmental - Operating 5,497,813 3,119,647 3,443,400 3,195,530 (247,870) -7.20% Total Expenditures 54,026,274 58,044,772 69,156,230 71,173,350 2,017,120 2.92% Excess of Revenues Over (Under) Expenditures 3,642,030 891,001 - - - Operating Transfers: Operating Transfers In - - - - - Operating Transfers out - - - - - Excess of Revenues Over (Under) Expenditures & Op Transfers In/(Out) 3,642,030 891,001 - - - Estimated Year-End Adjustments Fund Balance, Beg. of Year 14,735,680 18,377,710 19,268,711 19,268,711 SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE FY2024-25 UNAUDITED - GENERAL FUND FINANCIAL REPORT DocuSign Envelope ID: 670EAF09-7AC6-41BC-8F34-720BE2C385B9 CITY OF LAKE ELSINORE, CALIFORNIA FY21-22 ACTUALS FY22-23 ACTUALS FY23-24 ADOPTED BUDGET FY24-25 PROPOSED BUDGET $Inc/(Dec) % Inc/ (Dec) SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE FY2024-25 UNAUDITED - GENERAL FUND FINANCIAL REPORT Fund Balance, End of Year 18,377,710$ 19,268,711$ 19,268,711$ 19,268,711$ Detail of Fund Balance Nonspendable: Deposits and prepaid items 32,002$ 23,690$ 23,690$ 23,690$ Loans Receivable 1,000,000 1,000,000 1,000,000 1,000,000 Assigned Uncertainty reserve (20%) 10,805,255 11,608,954 13,831,246 14,234,670 Unassigned Unallocated reserve 6,540,453 6,636,067 4,413,775 4,010,351 Total Fund Balance (net) 18,377,710$ 19,268,711$ 19,268,711$ 19,268,711$ DocuSign Envelope ID: 670EAF09-7AC6-41BC-8F34-720BE2C385B9 BEGINNING FUND BALANCE REVENUES APPROPRIATIONS NET TRANSFERS IN/(OUT) PROJECTED ENDING FUND BALANCE FY2023-24 ADOPTED OPERATING BUDGETSFund: 100 GENERAL FUND 19,268,716 69,236,230 69,236,230 - 19,268,716 Fund: 101 SUPPLEMENTAL LAW ENF. (SLESF)3 220,000 220,003 - - Fund: 102 MEASURE Z 14,829,236 17,650,000 32,479,236 - - Fund: 103 THE ANCHOR 3,483 1,210,480 1,213,963 - Fund: 104 TRAFFIC OFFENDER FUND - 30,000 30,000 - - Fund: 106 AFFORDABLE HOUSING IN-LIEU 3,955,533 625,000 4,580,533 - - Fund: 107 DEVELOPER AGREEMENT 60,286 617,076 677,362 - Fund: 108 AMERICAN RESCUE PLAN 7,113,854 315,000 7,428,854 - - Fund: 110 STATE GAS TAX FUND (OPER & CIP)90,215 1,975,055 2,065,270 - - Fund: 114 SB1186 CAS EDUCATION FUND 55,458 15,000 2,500 - 67,958 Fund: 115 TRAFFIC SAFETY FUND - 175,000 175,000 - - Fund: 130 CITY-WIDE LLMD FUND - 2,174,187 2,174,187 - - Fund: 135 LLMD NO. 1 1,141,813 791,059 1,932,872 - - Fund: 155 NPDES - 1,198,170 1,198,170 - - Fund: 180 LAUNCH POINTE 14,189,520 5,087,000 5,898,193 - 13,378,327 Fund: 300 INSURANCE SERVICES 802,905 871,420 986,457 - 687,868 Fund: 305 INFORMATION SYSTEMS SERVICES 2,432,347 2,443,220 2,518,470 - 2,357,097 Fund: 310 SUPORT SERVICES 57,705 119,590 108,720 - 68,575 Fund: 315 FLEET SERVICES 2,149,324 1,881,720 1,834,035 - 2,197,009 Fund: 320 FACILITIES SERVICES 2,063,853 1,017,880 1,050,310 - 2,031,423 Fund: 330 CFD 2015-2S MAINTENANCE SERVICES FUND 7,775 432,460 440,235 - - Fund: 341 CFD 2017-1S MISSION TRAIL SERVICES FUND - 9,860 9,860 - - Fund: 342 CFD 2007-5S RED KITE SERVICES FUND - 15,900 15,900 - - Fund: 343 CFD 2006-2S VISCAYA SERVICES FUND 3,597 58,070 58,070 - 3,597 Fund: 344 CFD 2005-2S ALBERHILL RANCH SERVICES FUND 1,677 197,280 197,280 - 1,677 Fund: 358 CFD 2007-4S MAKENNA SERVICES FUND - 29,960 29,960 - - Fund: 362 CFD 2006-8S RUNNING DEER ESTATES SERVICE FUND 24,373 65,060 65,060 - 24,373 Fund: 367 CFD 2006-1S SUMMERLY SERVICE FUND 3,116 581,610 584,726 - - Fund: 373 CFD 2005-5S WASSON CANYON SERVICES FUND - 65,670 65,670 - - Fund: 650 CFD 2003-1S LAW, FIRE & PARAMEDIC SERVICES FUND 32,447 3,519,653 3,519,653 - 32,447 Fund: 651 CFD 2006-5S PARK, OPEN SPACE & STORM DRAIN SERVICES FUND - 119,591 119,591 - - Fund: 652 CFD 2007-1S LAW, FIRE & PARAMEDIC SERVICES FUND 924 119,641 119,641 - 924 Fund: 653 CFD 2009-1S PARK, OPEN SPACE & STREET LIGHT SERVICES FUND - 789,803 789,803 - - Fund: 655 CFD 2015-1S LAW, FIRE & PARAMEDIC SERVICES FUND 1,300 749,967 749,967 - 1,300 OPERATING BUDGET SUBTOTALS 68,289,460 114,407,612 142,575,781 - 40,121,291 FY2023-24 ADOPTED AD/CFD/LERA/PFA BUDGETSFund: 331 CFD 2006-1 IA CC SUMMERLY IMPROVEMENT FUND 312,882 194,740 497,540 - 10,082 Fund: 332 CFD 2006-1 IA B SUMMERLY IMPROVEMENT FUND 154,776 188,660 334,150 - 9,286 Fund: 333 CFD 2015-4 TERRACINA IMPROVEMENT FUND - 10,600 10,600 - - Fund: 334 CFD 2015-5 TRIESTE IMPROVEMENT FUND 114,942 168,740 273,740 - 9,942 Fund: 335 CFD 2003-2 IA E CANYON HILLS IMPROVEMENT FUND 269,610 185,800 424,760 - 30,650 Fund: 336 CFD 2006-1 IA FF SUMMERLY IMPROVEMENT FUND 172,511 227,270 390,570 - 9,211 Fund: 337 CFD 2016-2 CANYON HILLS IMPROVEMENT FUND 3,644,165 1,373,410 2,280,060 - 2,737,515 Fund: 338 CFD 2006-1 IA JJ SUMMERLY IMPROVEMENT FUND 602,964 346,230 930,580 - 18,614 Fund: 339 CFD 2006-1 IA KK SUMMERLY IMPROVEMENT FUND 556,875 284,520 825,080 - 16,315 Fund: 340 CFD 2006-1 IA EE SUMMERLY IMPROVEMENT FUND 555,406 306,000 838,310 - 23,096 Fund: 345 CFD 2003-2 IA D CANYON HILLS IMPROVEMENT FUND 2,238,703 1,966,040 4,204,743 - - Fund: 346 CFD 2014-1 SOUTHSHORE IMPROVEMENT FUND 7,219 400 6,620 - 999 Fund: 347 CFD 2006-1 IA A SUMMERLY IMPROVEMENT FUND 159,626 250,100 306,680 - 103,046 Fund: 350 CFD 98-1 SUMMERHILL IMPROVEMENT FUND 859,225 1,116,750 1,975,975 - - Fund: 351 CFD 2006-1 IA II SUMMERLY IMPROVEMENT FUND 784,525 449,510 1,234,035 - - Fund: 354 CFD 90-2 TUSCANY HILLS IMPROVEMENT FUND 1,079,785 1,101,660 2,181,445 - - Fund: 355 RAD 2021-1 CANYON HILLS IMPROVEMENT FUND 1,432,845 1,210,930 2,643,775 - - Fund: 357 CFD 2003-02 IA A CANYON HILL IMPROVEMENT FUND 1,708,262 1,006,940 2,715,202 - - Fund: 359 CFD 2021-1 IA 2 TUSCANY VALLEY IMPROVEMENT FUND - 10,500 10,500 - - Fund: 361 CFD 2022-2 LAKESHORE IMPROVEMENT - 10,600 10,600 - - Fund: 363 CFD 2023-1 LAKESIDE IMPROVEMENT FUND - 28,750 28,750 - - Fund: 364 CFD 2023-2 COASTAL MISSION TRAIL IMPROVEMENT - 42,900 42,900 - Fund: 366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT FUND 405,711 277,380 683,091 - - Fund: 368 CFD 2006-2 VISCAYA IMPROVEMENT FUND 840,548 533,850 1,374,398 - - Fund: 369 CFD 2004-3 IA 1 ROSETTA CANYON IMPROVEMENT FUND 3,033,976 1,761,690 4,795,666 - - Fund: 370 CFD 2006-1 IA HH SUMMERLY IMPROVEMENT FUND 637,718 352,450 990,168 - - Fund: 371 CFD 2005-1 SERENITY IMPROVEMENT FUND 1,164,032 687,200 1,851,232 - - Fund: 372 CFD 2005-2 IA A ALBERHILL RANCH IMPROVEMENT FUND 2,922,667 1,663,340 4,586,007 - - Fund: 374 CFD 2005-4 LAKE VIEW VILLAS IMPROVEMENT FUND 1,050 10,500 11,550 - - Fund: 375 CFD 2006-4 CLURMAN FUND 3,308 265,300 268,608 - - Fund: 376 CFD 2006-3 LA STRADA IMPROVEMENT FUND 2 10,500 10,502 - - Fund: 377 CFD 2006-6 TESSARA IMPROVEMENT FUND 374,161 249,560 623,721 - - Fund: 378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT FUND 4,112 139,690 143,802 - - Fund: 379 CFD 2022-1 ALBERHILL IMPROVEMENT FUND - 10,600 10,600 - Fund: 384 CFD 2003-2 IA B CANYON HILLS IMPROVEMENT FUND 2,731,349 2,073,940 4,805,289 - - Fund: 385 CFD 2004-3 IA 2 ROSETTA CANYON IMPROVEMENT FUND 3,175,922 2,013,810 5,189,732 - - Fund: 386 CFD 2007-4 MAKENNA COURT IMPROVEMENT FUND 120,710 193,360 314,070 - - Fund: 387 CFD 2007-5 RED KITE IMPROVEMENT FUND 174,286 136,100 310,386 - - Fund: 388 CFD 2007-6 HOLIDAY INN EXPRESS IMPROVEMENT FUND 365 6,830 7,195 - - Fund: 389 CFD 88-3 WEST LAKE VILLAGES IMPROVEMENT FUND - 11,000 11,000 - - Fund: 390 CFD 2003-2 IA C CANYON HILLS IMPROVEMENT FUND 1,540,036 874,100 2,414,136 - - Fund: 392 CFD 95-1 CIVIC CENTER IMPROVEMENT FUND 177,174 165,540 342,714 - - Fund: 394 CFD 2005-5 WASSON CANYON IMPROVEMENT FUND 195,630 290,300 485,930 - - Fund: 395 CFD 2018-1 WASSON CANYON II IMPROVEMENT FUND 1,603 10,600 12,203 - - Fund: 396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT FUND 276 206,870 207,146 - - Fund: 397 CFD 2019-1 WESTLAKE IMPROVEMENT FUND 680,302 384,030 1,064,332 - - Fund: 398 CFD 2021-1 IA 1 TUSCANY VALLEY IMPROVEMENT FUND - 10,600 10,600 - - Fund: 400 LE FINANCING AUTHORITY FUND 8,885,902 559,120 853,025 - 8,591,997 CITY WIDE ALL FUNDS SUMMARY DocuSign Envelope ID: 670EAF09-7AC6-41BC-8F34-720BE2C385B9 BEGINNING FUND BALANCE REVENUES APPROPRIATIONS NET TRANSFERS IN/(OUT) PROJECTED ENDING FUND BALANCE CITY WIDE ALL FUNDS SUMMARY Fund: 402 LEFFA 2017 LOCAL OBLIGATION BONDS FUND 3,993,901 200,000 291,970 - 3,901,931 Fund: 403 LEFFA 2020A REVENUE REFUNDING BONDS 14,852,524 500,000 1,030,000 - 14,322,524 Fund: 404 LEFFA 2021 REVENUE REFUNDING BONDS 32,229,402 800,000 2,223,000 - 30,806,402 Fund: 405 LEFFA 2021B REVENUE REFUNDING BONDS 10,324,839 500,000 554,100 - 10,270,739 Fund: 406 LEFFA 2021A REVENUE REFUNDING BONDS 9,495 1,064,780 1,074,275 - - Fund: 407 LEFFA 2022A LEASE REVENUE BONDS 25,088,894 2,458,400 4,098,400 - 23,448,894 Fund: 510 SARDA AREA I, II, III FUNDS (26,600,129) 22,200,464 10,336,180 - (14,735,845) Fund: 603 PUBLIC PURPOSE TRUST - CARL GRAVES FUND - 6,700 6,700 - - Fund: 604 ENDOWMENT TRUST - ADOLPH KORN FUND - 2,000 2,000 - - Fund: 617 SARDA HOUSING FUND 61,084,501 7,699,835 1,050,000 - 67,734,336 Fund: 630 LAKE WATER MANAGEMENT ESCROW FUND 3,290,039 1,700,000 4,562,717 - 427,322 Fund: 631 DESTRATIFICATION EQUIPMENT REPLACEMENT FUND 503,977 200,000 50,000 - 653,977 Fund: 739 LEPFA 2014 SERIES B FUND 14,766,660 700,000 1,316,063 - 14,150,597 Fund: 740 LEPFA 2015 FUND 88,320,334 4,000,000 7,070,349 - 85,249,985 Fund: AD/CFD/LERA/PFA SUBTOTALS 269,589,594 65,411,489 87,209,472 - 247,791,615 FY2023-24 ADOPTED CAPITAL BUDGETFund: 105 GENERAL PROJECTS (OPER & CIP)72,256 - 72,256 - - Fund: 109 SB1 ROAD MAINTENANCE AND REHAB 104,813 1,738,445 1,843,258 - - Fund: 111 TUMF CAPITAL PROJECT FUND - 7,100,000 7,100,000 - - Fund: 112 MEASURE 'A' FUND 1,053,183 2,338,000 3,391,183 - - Fund: 113 SB821 FUND - 463,766 463,766 - - Fund: 116 CITY HALL/P.W. DIF FUND 935 405,000 405,935 - - Fund: 117 COMMUNITY CENTER DIF FUND 161,274 260,000 421,274 - - Fund: 118 LAKE SIDE FACILITIES DIF FUND 272,059 362,600 634,659 - - Fund: 119 ANIMAL SHELTER FACILITY DIF FUND 76 160,500 160,576 - - Fund: 121 TOTAL ROAD IMPROVEMENT PRGM (TRIP)16,686 500,500 517,186 - - Fund: 140 GEOTHERMAL FUND 13,739 500 14,239 - - Fund: 150 CDBG FUND - 1,042,020 1,042,020 - - Fund: 160 PEG GRANT FUND 84,300 21,630 105,930 - - Fund: 202 LA STRADA RBBD FUND 23,936 1,500 25,436 - - Fund: 203 SUMMERLY TRAFFIC INFRASTRUCTURE FEE (ELSP)3,375,321 160,000 3,535,321 - - Fund: 205 TRAFFIC IMPACT FEE FUND 94,214 915,000 1,009,214 - - Fund: 211 STORM DRAIN CIP FUND 3,077,017 320,000 3,397,017 - - Fund: 221 QUIMBY FUND 88,140 227,100 315,240 - - Fund: 231 LIBRARY CIP DIF FUND 1,327,151 145,000 1,472,151 - - Fund: 232 FIRE PROTECTION DIF FUND 578,661 435,000 1,013,661 - - Fund: 500 CAPITAL IMPROVEMENT PLAN FUND 11,117,276 74,805,496 85,922,772 - - Fund: 540 SARDA DIAMOND STADIUM FUND - 3,474,526 3,474,526 - - Fund: 605 PUBLIC IMPROVEMENTS IN-LIEU FUND 1,677,760 125,500 1,803,260 - - Fund: 606 AB2766 AIR POLLUTION REDUCTION FUND 302,030 74,300 376,330 - - CAPITAL BUDGET SUBTOTALS 23,440,825 95,076,383 118,517,210 - - TOTALS 361,319,878$ 274,895,484$ 348,302,463$ -$ 287,912,906$ DocuSign Envelope ID: 670EAF09-7AC6-41BC-8F34-720BE2C385B9 BEGINNING FUND BALANCE REVENUES APPROPRIATIONS NET TRANSFERS IN/(OUT) PROJECTED ENDING FUND BALANCE FY2024-25 ADOPTED OPERATING BUDGETSFund:100 GENERAL FUND 19,268,711 71,173,350 71,173,350 - 19,268,711 Fund: 101 SUPPLEMENTAL LAW ENF. (SLESF)- 267,000 267,000 - - Fund: 102 MEASURE Z 9,482,026 17,044,000 26,526,026 - - Fund: 103 THE ANCHOR - 1,020,980 1,020,980 - Fund: 104 TRAFFIC OFFENDER FUND - 30,570 30,570 - - Fund: 106 AFFORDABLE HOUSING IN-LIEU 4,440,533 500,000 4,940,533 - - Fund: 107 DEVELOPER AGREEMENT 445,134 204,000 649,134 - Fund: 108 AMERICAN RESCUE PLAN - 4,762,435 4,762,435 - - Fund: 110 STATE GAS TAX FUND (OPER & CIP)377,446 2,007,248 2,384,694 - - Fund: 114 SB1186 CAS EDUCATION FUND 66,596 22,000 2,100 - 86,496 Fund: 115 TRAFFIC SAFETY FUND - 235,000 235,000 - - Fund: 130 CITY-WIDE LLMD FUND 104,088 2,109,162 2,213,250 - - Fund: 135 LLMD NO. 1 754,447 821,140 809,120 - 766,467 Fund: 155 NPDES 4,802 1,551,150 1,555,952 - - Fund: 180 LAUNCH POINTE 14,189,520 5,501,900 6,500,808 - 13,190,612 Fund: 300 INSURANCE SERVICES 1,467,000 967,710 1,059,690 - 1,375,020 Fund: 305 INFORMATION SYSTEMS SERVICES 2,532,002 2,203,990 2,103,634 - 2,632,358 Fund: 310 SUPORT SERVICES 57,705 127,496 115,906 - 69,295 Fund: 315 FLEET SERVICES 2,149,324 1,142,210 1,161,475 - 2,130,059 Fund: 320 FACILITIES SERVICES 2,063,853 1,158,610 1,178,286 - 2,044,177 Fund: 330 CFD 2015-2S MAINTENANCE SERVICES FUND - 581,145 581,145 - - Fund: 341 CFD 2017-1S MISSION TRAIL SERVICES FUND - 10,305 10,305 - - Fund: 342 CFD 2007-5S RED KITE SERVICES FUND - 16,220 16,220 - - Fund: 343 CFD 2006-2S VISCAYA SERVICES FUND - 59,230 59,230 - - Fund: 344 CFD 2005-2S ALBERHILL RANCH SERVICES FUND - 199,900 199,900 - - Fund: 358 CFD 2007-4S MAKENNA SERVICES FUND - 30,910 30,910 - - Fund: 362 CFD 2006-8S RUNNING DEER ESTATES SERVICE FUND - 114,580 114,580 - - Fund: 367 CFD 2006-1S SUMMERLY SERVICE FUND - 591,180 591,180 - - Fund: 373 CFD 2005-5S WASSON CANYON SERVICES FUND - 66,990 66,990 - - Fund: 650 CFD 2003-1S LAW, FIRE & PARAMEDIC SERVICES FUND - 3,589,940 3,589,940 - - Fund: 651 CFD 2006-5S PARK, OPEN SPACE & STORM DRAIN SERVICES FUND - 121,980 121,980 - - Fund: 652 CFD 2007-1S LAW, FIRE & PARAMEDIC SERVICES FUND - 122,040 122,040 - - Fund: 653 CFD 2009-1S PARK, OPEN SPACE & STREET LIGHT SERVICES FUND - 805,580 805,580 - - Fund: 654 CFD 2003-2S FIRE TAX SERVICES FUND - - - Fund: 655 CFD 2015-1S LAW, FIRE & PARAMEDIC SERVICES FUND - 1,037,740 1,037,740 - - OPERATING BUDGET SUBTOTALS 57,403,187 120,197,691 136,037,683 - 41,563,195 FY2024-25 ADOPTED AD/CFD/LERA/PFA BUDGETSFund: 331 CFD 2006-1 IA CC SUMMERLY IMPROVEMENT FUND 312,882 195,270 508,152 - - Fund: 332 CFD 2006-1 IA B SUMMERLY IMPROVEMENT FUND 154,776 190,290 345,066 - - Fund: 333 CFD 2015-4 TERRACINA IMPROVEMENT FUND - 252,110 252,110 - - Fund: 334 CFD 2015-5 TRIESTE IMPROVEMENT FUND 114,942 169,830 284,772 - - Fund: 335 CFD 2003-2 IA E CANYON HILLS IMPROVEMENT FUND 269,610 184,630 454,240 - - Fund: 336 CFD 2006-1 IA FF SUMMERLY IMPROVEMENT FUND 172,511 230,790 403,301 - - Fund: 337 CFD 2016-2 CANYON HILLS IMPROVEMENT FUND 3,644,165 1,350,780 4,994,945 - - Fund: 338 CFD 2006-1 IA JJ SUMMERLY IMPROVEMENT FUND 602,964 346,010 948,974 - - Fund: 339 CFD 2006-1 IA KK SUMMERLY IMPROVEMENT FUND 556,875 284,090 840,965 - - Fund: 340 CFD 2006-1 IA EE SUMMERLY IMPROVEMENT FUND 555,406 305,790 861,196 - - Fund: 345 CFD 2003-2 IA D CANYON HILLS IMPROVEMENT FUND 2,238,703 1,979,760 4,218,463 - - Fund: 346 CFD 2014-1 SOUTHSHORE IMPROVEMENT FUND 7,219 3,000 10,219 - - Fund: 347 CFD 2006-1 IA A SUMMERLY IMPROVEMENT FUND 159,626 255,000 414,626 - - Fund: 350 CFD 98-1 SUMMERHILL IMPROVEMENT FUND 859,225 1,110,400 1,969,625 - - Fund: 351 CFD 2006-1 IA II SUMMERLY IMPROVEMENT FUND 784,525 446,670 1,231,195 - - Fund: 354 CFD 90-2 TUSCANY HILLS IMPROVEMENT FUND 1,079,785 100,000 1,179,785 - - Fund: 355 RAD 2021-1 CANYON HILLS IMPROVEMENT FUND 1,432,845 1,223,040 2,488,055 - 167,830 Fund: 357 CFD 2003-2 IA A CANYON HILL IMPROVEMENT FUND 1,708,262 1,006,890 2,715,152 - - Fund: 359 CFD 2021-1 IA 2 TUSCANY VALLEY IMPROVEMENT FUND - 10,500 10,500 - - Fund: 361 CFD 2022-2 LAKESHORE IMPROVEMENT FUND - 10,500 10,500 - Fund: 363 CFD 2023-1 LAKESIDE IMPROVEMENT FUND - 10,500 10,500 - Fund: 366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT FUND 405,711 276,810 682,521 - - Fund: 368 CFD 2006-2 VISCAYA IMPROVEMENT FUND 840,548 545,860 1,386,408 - - Fund: 369 CFD 2004-3 IA 1 ROSETTA CANYON IMPROVEMENT FUND 3,033,976 1,790,000 4,823,976 - - Fund: 370 CFD 2006-1 IA HH SUMMERLY IMPROVEMENT FUND 637,718 346,240 983,958 - - Fund: 371 CFD 2005-1 SERENITY IMPROVEMENT FUND 1,164,032 685,200 1,849,232 - - Fund: 372 CFD 2005-2 IA A ALBERHILL RANCH IMPROVEMENT FUND 2,922,667 1,670,070 4,592,737 - - Fund: 374 CFD 2005-4 LAKE VIEW VILLAS IMPROVEMENT FUND 1,050 10,500 11,550 - - Fund: 375 CFD 2006-4 CLURMAN FUND 3,308 319,020 322,328 - - Fund: 376 CFD 2006-3 LA STRADA IMPROVEMENT FUND - 10,500 10,500 - - Fund: 377 CFD 2006-6 TESSARA IMPROVEMENT FUND 374,161 230,070 604,231 - - Fund: 378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT FUND 4,112 237,290 241,402 - - Fund: 379 CFD 2022-1 ALBERHILL IMPROVEMENT FUND - 106,860 106,860 - Fund: 384 CFD 2003-2 IA B CANYON HILLS IMPROVEMENT FUND 2,731,350 2,044,020 4,775,370 - - Fund: 385 CFD 2004-3 IA 2 ROSETTA CANYON IMPROVEMENT FUND 3,175,922 1,969,420 5,145,342 - - Fund: 386 CFD 2007-4 MAKENNA COURT IMPROVEMENT FUND 120,710 193,710 314,420 - - Fund: 387 CFD 2007-5 RED KITE IMPROVEMENT FUND 174,286 134,600 308,886 - - Fund: 388 CFD 2007-6 HOLIDAY INN EXPRESS IMPROVEMENT FUND 365 6,870 7,235 - - Fund: 390 CFD 2003-2 IA C CANYON HILLS IMPROVEMENT FUND 1,540,035 877,600 2,417,635 - - Fund: 392 CFD 95-1 CIVIC CENTER IMPROVEMENT FUND 177,174 165,440 342,614 - - Fund: 394 CFD 2005-5 WASSON CANYON IMPROVEMENT FUND 195,630 296,010 491,640 - - Fund: 395 CFD 2018-1 WASSON CANYON II IMPROVEMENT FUND 1,603 10,500 12,103 - - Fund: 396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT FUND 276 325,080 325,356 - - Fund: 397 CFD 2019-1 WESTLAKE IMPROVEMENT FUND 680,302 384,280 1,064,582 - - Fund: 398 CFD 2021-1 IA 1 TUSCANY VALLEY IMPROVEMENT FUND - 10,500 10,500 - - CITY WIDE ALL FUNDS SUMMARY DocuSign Envelope ID: 670EAF09-7AC6-41BC-8F34-720BE2C385B9 BEGINNING FUND BALANCE REVENUES APPROPRIATIONS NET TRANSFERS IN/(OUT) PROJECTED ENDING FUND BALANCE CITY WIDE ALL FUNDS SUMMARY Fund: 400 LE FINANCING AUTHORITY FUND 8,885,902 289,000 565,000 - 8,609,902 Fund: 402 LEFFA 2017 LOCAL OBLIGATION BONDS FUND 3,993,901 160,000 293,550 - 3,860,351 Fund: 403 LEFFA 2020A REVENUE REFUNDING BONDS 14,852,524 489,600 1,764,600 - 13,577,524 Fund: 404 LEFFA 2021 REVENUE REFUNDING BONDS 32,229,401 750,000 2,260,000 - 30,719,401 Fund: 405 LEFFA 2021B REVENUE REFUNDING BONDS 10,324,838 404,000 575,900 - 10,152,938 Fund: 406 LEFFA 2021A REVENUE REFUNDING BONDS 9,495 1,065,505 1,075,000 - - Fund: 407 LEFFA 2022A REVENUE REFUNDING BONDS 25,088,893 4,061,890 22,785,580 - 6,365,203 Fund: 510 SARDA AREA I, II, III FUNDS (26,600,129) 22,366,153 9,636,180 - (13,870,156) Fund: 603 PUBLIC PURPOSE TRUST - CARL GRAVES FUND 59,341 4,500 640 - 63,201 Fund: 604 ENDOWMENT TRUST - ADOLPH KORN FUND 33,724 1,500 630 - 34,594 Fund: 617 SARDA HOUSING FUND 61,084,500 7,077,550 1,050,000 - 67,112,050 Fund: 630 LAKE WATER MANAGEMENT ESCROW FUND 3,290,039 1,650,000 4,940,039 - - Fund: 631 DESTRATIFICATION EQUIPMENT REPLACEMENT FUND 503,977 100,000 603,977 - - Fund: 739 LEPFA 2014 SERIES B FUND 14,766,659 611,320 1,331,320 - 14,046,659 Fund: 740 LEPFA 2015 FUND 88,320,333 3,752,520 7,197,520 - 84,875,333 Fund: 741 LEPFA 2015 SERIES A FUND 2,754,250 100,000 156,390 - 2,697,860 Fund: AD/CFD/LERA/PFA SUBTOTALS 272,436,905 65,195,838 109,220,053 - 228,412,690 FY2024-25 ADOPTED CAPITAL BUDGETFund: 105 GENERAL PROJECTS (OPER & CIP)21,355 - 21,355 - - Fund: 109 SB1 ROAD MAINTENANCE AND REHAB 1,848,842 1,861,959 3,710,801 - - Fund: 111 TUMF CAPITAL PROJECT FUND - 10,000,000 10,000,000 - - Fund: 112 MEASURE 'A' FUND 756,373 2,303,000 3,059,373 - - Fund: 113 SB821 FUND - 150,000 150,000 - - Fund: 116 CITY HALL/P.W. DIF FUND 72,316 204,000 276,316 - - Fund: 117 COMMUNITY CENTER DIF FUND 312,412 104,000 400,000 - 16,412 Fund: 118 LAKE SIDE FACILITIES DIF FUND 55,032 165,000 220,032 - - Fund: 119 ANIMAL SHELTER FACILITY DIF FUND - 40,600 40,600 - - Fund: 121 TOTAL ROAD IMPROVEMENT PRGM (TRIP)- 491,675 491,675 - - Fund: 140 GEOTHERMAL FUND 14,039 300 14,339 - - Fund: 150 CDBG FUND - 1,317,890 1,317,890 - - Fund: 160 PEG GRANT FUND 8,223 15,600 23,823 - - Fund: 203 SUMMERLY TRAFFIC INFRASTRUCTURE FEE (ELSP)3,485,332 35,000 3,520,332 - - Fund: 205 TRAFFIC IMPACT FEE FUND 171,912 456,000 627,912 - - Fund: 211 STORM DRAIN CIP FUND 3,416,359 260,000 3,676,359 - - Fund: 221 QUIMBY FUND 2,864 128,500 131,364 - - Fund: 231 LIBRARY CIP DIF FUND 883,546 51,000 934,546 - - Fund: 232 FIRE PROTECTION DIF FUND 828,879 120,000 948,879 - - Fund: 500 CAPITAL IMPROVEMENT PLAN FUND 17,796,382 82,690,615 100,486,997 - - Fund: 540 SARDA DIAMOND STADIUM FUND 423,660 1,463,371 1,887,031 - - Fund: 605 PUBLIC IMPROVEMENTS IN-LIEU FUND 1,830,067 100,000 1,930,067 - - Fund: 606 AB2766 AIR POLLUTION REDUCTION FUND 116,655 66,000 182,655 - - CAPITAL BUDGET SUBTOTALS 32,044,248 102,024,510 134,052,346 - 16,412 TOTALS 361,884,340$ 287,418,039$ 379,310,082$ -$ 269,992,297$ DocuSign Envelope ID: 670EAF09-7AC6-41BC-8F34-720BE2C385B9