HomeMy WebLinkAboutBudget 25-26 PresentationOperating & Capital Improvement Budget
FISCAL YEAR 2025-26
Proposed Budget
City of Seal Beach Budget
City Council
Strategic Goals &
Objectives
Department Goals
& Performance
Measures
Financial Plans Challenges &
Opportunities
The Budget is a Policy Document, a Financial Plan, an
Operations Guide, and Communication Device
FISCAL YEAR 2025-26
Proposed Budget
May/JuneMayMarch to
April
January
to
February
December
Budget Development
Finance Develops
Salary & Benefit
and Revenue
Estimates; Public
Works Begins
Assessment for
Capital Projects
Budget Kickoff;
Departments
Review Budget
Goals and Priorities,
Prepare Operating
and Capital Budgets
Budget Balancing
and Development
of the Proposed
Budget
STUDY SESSION
Budget
Workshops with
the City Council
and Community,
and a Q&A
Budget
Adoption
FISCAL YEAR 2025-26
Proposed Budget
FISCAL YEAR 2025-26
Proposed Budget
Key Operational Focus Areas
»Maintaining Emergency Response
»Funding Fire Response and Medical Emergency Services
»Community Engagement and Outreach
»Recreation
»Alternative Transportation
»Maintaining Streets, Roads, and Public Facilities
»Maintaining Seal Beach’s Desirable Neighborhoods & Beaches
»Maintaining High Quality Essential City Services
»Maximizing Flexibility in Staffing Levels
»Maintaining the City’s Policy Reserve of 25 Percent
»Reducing the City’s Unfunded Pension Liability
»Seeking Opportunities for Cost Recovery and Efficiencies
FISCAL YEAR 2025-26
Proposed Budget
Aligning Goals, Objectives & Performance Metrics
Strengthen Public Safety Initiatives
Assess & Maintain
Infrastructure
Ensure Fiscal Stability &
Efficiency in Governance
Improve Outreach
& Engagement
Expand Strategic Technology
Investments
Ensure Continued
Excellence in City Services
Promote & Enhance A
Strong Local Economy
Attract & Retain a
Skilled Workforce
Protect Our Coastal
Environment & Resources
FISCAL YEAR 2025-26
Proposed Budget
Proposed Budget – All Funds
$82.8 M $108.8 M
$27.4 M
Total Revenues
Includes Special
Funds
Capital Outlay
Ongoing All Funds Capital
Improvement Projects
Total Expenditures
Includes Special
Funds and Capital
Improvement Projects
Change is Automatic – Progress is Not
FISCAL YEAR 2025-26
Proposed Budget
Property Tax Revenue, $16.3M
Sales and Use Tax, $14.6M
Utility Users Tax,
$5.4M Transient Occupancy Tax, $1.9M
Franchise Fees, $1.2M
Business License/Barrel Tax, $.8M
Licenses and Permits, $.9M
Intergovernmental, $.2M
Charges for Services, $3.3M
Fines and Forfeitures, $1.6M
Use of Money and Property, $1.M
Other Revenue, $.1M
Transfers in from Other Funds, $.8M
General Fund Operating Revenues
$48.2 M
FISCAL YEAR 2025-26
Proposed Budget
General Fund Operating Expenditures
Regular Salaries, $11.M
Retirement , $6.3M
Other Pay & Benefits,
$5.8M
Maintenance &
Operations, $25.M
$48.1 M
FISCAL YEAR 2025-26
Proposed Budget
Planning for the Future
$1.5M $250K
FLEET FUND
Vehicle Replacement
ECONOMIC CONTINGENCY
Buffer Against Economic
Uncertainty/Volatility
PENSION PAYDOWN
Reducing Unfunded
Liabilities
25%
RESERVE TARGET
City Council Policy For
Emergency Preparedness
$300K
FISCAL YEAR 2025-26
Proposed Budget
Cost Recovery Schedule
Cost Recovery/Fee Schedule
•When a service/program provides a benefit to specific individuals/groups, it is appropriate for the
individual(s) receiving that benefit to pay for the cost of that service.
•Full Cost Recovery and Fee Schedule every 3-4 Years
WHEREAS, the City Council desires that annually the City Manager may update the fees, charges, rates,
and fines based on the annual percentage change in the all-urban Consumer Price Index for Los Angeles-
Long Beach-Anaheim, CA (CPI). If the CPI does not change or goes down in a given year, no change shall
be made to the fee schedule that year.
•Current fee resolution adopted in 2023 authorizes an annual inflationary adjustment to be
applied in between comprehensive studies
•The annual update represents an interim CPI adjustment year, adjustment for FY 2025-26 is 3.3%
(annual change in regional CPI)
•Other minor changes are proposed to enhance fee schedule clarity and improve correlation between
services provided and costs recovered: Example include addition of late fee charge for reservations
•Effective date July 1, 2025
FISCAL YEAR 2025-26
Proposed Budget
Recommended Action
Recommended
Action
Adopt the Fiscal Year 2025-26
Operating and Capital Improvement
Budget, Set the Appropriations Limit
for Fiscal Year 2025-26, and Authorize
the Use of the Cost Recovery Schedule
for Use in Fiscal Year 2025-26
FISCAL YEAR 2025-26
Proposed Budget