Staff is pleased to present this budget workbook (Attachment A) which provides a preview of the FY 2018-19 Budget. The following are key points to consider while reviewing the FY 2018-19 Budget Workbook:
- General Fund Five Year Projections – The Five Year Projections represent staff’s current estimate of where the General Fund will be for each of the next five fiscal years. The projection serves as a tool to identify financial trends, shortfalls, and issues so that the City can proactively address them. The goal of the Five-Year Projections is to assess the City's ability over the next five years to:
- Continue current service levels based upon the City's operational goals;
- Preserve the City's long-term fiscal health by aligning operating revenues and costs; and
- Maintain the City's General Fund reserves based upon the City's fiscal policies.
It is important to stress that this projection is not a budget. It does not make expenditure decisions, but rather highlights the need to prioritize the allocation of City resources. The purpose of the projection is to provide an overview of the City's fiscal health based on various assumptions over the next five years and provide the City Council, departments and residents of Brea a "snapshot" of the City's financial outlook beyond the annual budget cycle. The five-year projection is intended to serve as a planning tool to bring a long-term perspective to the budget process.
- Fees – Staff has carefully reviewed fees for service, and recommends revising user fees in the Administrative Services, Community Development, Police Services and Public Works Departments. These user fees were evaluated independently by departments and were not included in the User Fee Study conducted by NBS Consulting which will be considered by City Council at a future date.
- Decision Packages (Recommended) – Decision packages are department requests for new programs, personnel, and/or equipment. The decision packages are organized by Fund and are not presented in any priority order. There are no General Fund decision packages presented. All decision packages included in the budget workbook are requests from other funds and have no impact to the General Fund.
- Decision Packages (Not Recommended) – Decision packages which are not recommended for funding appear in this section of the budget workbook. It should be noted if the current budget constraints did not exist, some of these decision packages could have been recommended for funding.
- Fund Summaries – This section of the workbook includes the fund summaries of those funds impacted by the approval of the proposed decision packages.
- New Fund – This section of the workbook includes information about the establishment of the new Paramedic Services Fund (174).
- S.P.O.T. – The City’s proposed Strategic Plan on Technology (S.P.O.T) for FY 2018-19 is outlined in this section of the workbook. All technology related requests are reviewed by the S.P.O.T Committee, and upon their recommendation, are submitted as proposed decision packages.
- Successor Agency – The Successor Agency to the Brea Redevelopment Agency’s expenditure summary is presented in this section of the workbook.
This presentation will also provide an opportunity to review the City’s proposed Seven Year Capital Improvement Program budget and is provided as Attachment B. |