Page 43 - FY 2021-22 Supporting Information

2021-22 PROPOSED BUDGET
FOUR-YEAR GENERAL FUND BUDGET OUTLOOK
($ millions)

Proposed
2021-22 2022-23 2023-24 2024-25 2025-26
ESTIMATED GENERAL FUND REVENUE
General Fund Base (1) $ 6,687.3 $ 7,336.5 $ 7,148.0 $ 7,478.0 $ 7,750.5
Revenue Growth (2)
Property Related Taxes (3) 124.4 137.2 116.9 138.3 145.2
Business and Sales Taxes (4) 71.6 105.4 73.8 62.6 51.8
Utility Users Tax (5) (19.2) 2.8 5.5 8.0 10.4
Departmental Receipts (6) (126.6) 154.3 75.0 38.8 39.9
Other Fees, Taxes, and Transfers (7) (59.0) 73.9 58.8 24.8 18.1
American Rescue Plan (ARP) Fund Transfer (8) 677.2 (677.2) - - -
SPRF Transfer (9) (19.2) 15.0 - - -
Transfer from the Budget Stabilization Fund (10) - - - - -
Transfer from Reserve Fund (11) - - - - -
Total Revenue $ 7,336.5 $ 7,148.0 $ 7,478.0 $ 7,750.5 $ 8,015.9
General Fund Revenue Increase % 9.7% -2.6% 4.6% 3.6% 3.4%
General Fund Revenue Increase $ 649.2 (188.6) 330.0 272.5 265.4

ESTIMATED GENERAL FUND EXPENDITURES
General Fund Base (12) $ 6,687.3 $ 7,336.5 $ 7,286.2 $ 7,480.5 $ 7,654.6
Incremental Changes to Base: (13)
Employee Compensation Adjustments (14) 120.2 227.8 96.4 68.8 58.9
City Employees' Retirement System (15) 53.8 69.5 9.0 7.1 (35.8)
Fire and Police Pensions (15) (31.9) 43.1 20.0 (5.4) (63.0)
Workers' Compensation Benefits (16) (17.2) 0.2 8.3 8.9 10.2
Health, Dental, and Other Benefits (17) (9.0) 21.0 32.9 34.8 37.0
Debt Service (18) 14.7 (35.9) (5.7) 7.5 (1.7)
Delete Resolution Authorities (19) (87.3) - - - -
Add New and Continued Resolution Authorities (19) 79.4 - - - -
Delete One-Time Costs (20) (19.6) (249.0) - - -
Add One-Time Costs (20) 310.8 - - - -
Comprehensive Homeless Strategy (21) 111.8 (98.5) - - -
Unappropriated Balance (22) 83.5 (57.3) - - -
CTIEP-Municipal Facilities and Physical Plant (23) 52.1 (36.4) 4.9 4.1 4.0
CTIEP-Sidewalks (24) 8.4 6.8 - - -
CTIEP-Pavement Preservation (25) 15.3 9.8 3.0 3.1 3.1
Appropriation to the Reserve Fund (26) 37.7 (50.0) - - -
Appropriation to the Budget Stabilization Fund (27) - 23.7 (21.4) (2.3) -
Net - Other Additions and Deletions (28) (73.5) 74.9 46.9 47.5 39.9
Total Expenditures $ 7,336.5 $ 7,286.2 $ 7,480.5 $ 7,654.6 $ 7,707.2
Expenditure Growth % 9.7% -0.7% 2.7% 2.3% 0.7%
Expenditure Growth $ 649.2 (50.3) 194.3 174.1 52.6
TOTAL BUDGET GAP (29) $ - $ (138.3) $ (2.6) $ 95.8 $ 308.6
Incremental Increase $ - (138.3) 135.7 98.4 212.8

24