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01 - - Mid-Year Budget Review Presentation - 2/8/2011
CITY OF COSTA MESA Fiscal Year 2010 — 2011 Mid Year Budget Update City Council Study Session February 8, 2011 Projected Fiscal Year 2010-11 (in millions) FY 10-11 Total Revenues and Transfers In $ 91.8 Total Expenditures and Transfers Out 93.2 Net change in Fund Balance ($ 1.4) Total Fund Balance $ 40.1 Reserved - $15 million (includes RDA Loan) Unreserved designated - $25 million (includes Emergency Reserve) z Historical Revenues (in millions) Change P/Y $ 1.5 ($ 11.8) ($1.2) ($0.6) 3 Historical Expenditures (in millions) (Prof) FY 07-08 FY 08-09 FY 09-10 FY 10-11 Total Revs $ 103.3 $ 93.4 $ 89.5 89.8 Total Trans In 2.1 0.2 2.9 2.0 Total $ 105.4 $ 93.6 $ 92.4 91.8 Change P/Y $ 1.5 ($ 11.8) ($1.2) ($0.6) 3 Historical Expenditures (in millions) Change P/Y $ 11.1 ($ 0.5) ($ 13.2) ($ 6.6) 4 (Prof) FY 07-08 FY 08-09 FY 09-10 FY 10-11 Total Exp $ 106.8 $ 108.0 $ 94.4 $ 93.1 Total Trans Out 5.7 5.0 5.4 0.1 Total $ 112.5 $ 113.0 T99.8 93.2 Change P/Y $ 11.1 ($ 0.5) ($ 13.2) ($ 6.6) 4 12 Year Historical — Revenues vs. Expenditures Revenues �Ezpentl0uws 110 (Prof) 199 FY 07-08 FY 08-09 FY 09-10 FY 10-11 90 $ 107.4 $ 93.6 $ 92.4 $ 91.8 80 112.5 113.0 99.8 93.2 70 ($ 5.1) ($ 19.4) ($ 7.4) ($ 1.4) so $ 68.3 $ 48.9 $ 41.5 $ 40.1 4n fYWW %WU1 %01@ ryMw %P]W rypLpS Lry p ry01P. ryWpp rym14 %1611 % .lural PWM Mual IeNtl ReWel tlutl itlU, u.l Fd.. uf .4 Muel Ttlual AJoNeO Pray Historical Fund Balance (in millions) 6 (Prof) FY 07-08 FY 08-09 FY 09-10 FY 10-11 Total Rev & T.I. $ 107.4 $ 93.6 $ 92.4 $ 91.8 Total Exp & T.O. 112.5 113.0 99.8 93.2 Net change in FB ($ 5.1) ($ 19.4) ($ 7.4) ($ 1.4) Total F.B. $ 68.3 $ 48.9 $ 41.5 $ 40.1 6 GENERAL FUND - FUND BALANCE TWELVE YEAR HISTORICAL $00,000 $70,000.. $50,000. $50,000 $40,000 $30,000 ,000 .2ws.esv .1019.193 . -' 099 a4053,657 $33.3 m ♦1760309 -5.076J!69 Use of FB DDD JSi 35] -3.925.911 090 -19 451.079\ 000 _.. ].336.661 /3971 ODO A,421.5/1 $20,000,000 99-00 00-01 01-02 02-03 03-04 04-05 05-06 06-07 07-06 06-09 09-10 10-11 10-11 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Adopted Proj ] $60,00( $50,000 $40,000 $30,000 $20,000 $10,00 GENERAL FUND - CASH BALANCE SIX YEAR HISTORICAL July 05 Jan 06 July 06 Jan O] July 07 Jan 09 July09 Jan09 July09 Jan 10 July10 Jantt a 2 CITY OF COSTA MESA Fiscal Year 2010 — 2011 Budget Update City Council Study Session February 8, 2011