HomeMy WebLinkAboutSupplemental Item CC #1
City of Downey
Proposed Budget
Fiscal Year 2010-2011
Proposed Total City Budget
By Major Fund Type
$147,486,765
General Fund
Enterprise Funds
$67,909,933
$ 26,026,509
46%
18%
Special Revenue
Funds
$53,550,323
36%
General Fund Operating Budget
$67,909,933
Public Works
General Gov't
Development
Community
$4,962,541
$5,778,698
Services
Services
7%
9%
$2,335,366
$6,964,946
3%
10%
Fire
Police
$17,080,449
$30,787,933
25%
46%
General Fund Revenues
$59,934,397
Permits & Fines
Intergovt'al
$2,757,800
Other Revenue
$2,432,397
Property Taxes
Interest and Rent
5%
$2,149,610
4%
$21,038,606
$3,448,040
4%
34%
6%
Service Fees
$5,161,191
Sales Taxes
9%
$11,220,429
Other Taxes
19%
$11,726,325
19%
General Fund Operations
(Excluding Transfers)
80,000,000
Revenues
75,000,000
Expenditures
70,000,000
65,000,000
60,000,000
55,000,000
50,000,000
45,000,000
40,000,000
2004-052005-062006-072007-082008-092009-102010-11
Fiscal Year
Revenue Concerns
•General Fund Revenues 9 %
($5.6 m)
–Taxes10 %
–Fines & forfeitures13 %
–Charges for services6 %
•Golf Course Revenues7 %
($215,000)
•Water Utility Revenues5 %
($510,000)
Fiscal Uncertainty
•Lingering State deficit ($19.1 billion)
•Deferral of Gas Tax revenues until April 2011
•Economic recovery duration
•Auto dealership closures
•Property taxes as housing market stabilizes
•Water Fund Operations
•Equipment replacement
Service Levels
•Modified hiring freeze for non-critical
positions (8% Citywide vacancy)
•City labor agreements
•Maintain expected service levels
•Minor reduction to available programs
•Eliminated contract building inspectors
•Expand sanitary sewer maintenance
Opportunities & Challenges
•$45.6 m in Capital Projects (streets, sewer,
RDA)
•Downey Regional Medical Center
•Third year that most equipment and
requests for new programs deferred
•Status of water system
•Attracting new businesses and retaining
existing
•Theatre operation