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9.A. - Page 6 of 17
<br />Full -Time Equivalents (FTE) 567.66
<br />*Includes $8,484,050 of Utility Users' Tax revenue that is transferred to the Capital Projects Fund
<br />NOTE: Revenues and Expenditures are shown before transfers in/out
<br />Five -Year Capital Improvement Program (CIP)
<br />The Capital Improvement Program (CIP) is a valuable resource for achieving the City Council's strategic
<br />priorities. Transportation and Sewer are two of the largest funded functional areas within the FY 2020-21
<br />CIP. In recent years, City Council has reviewed a recommended CIP budget for the upcoming fiscal year in
<br />the spring, and approved a recommended CIP budget during the City Council budget sessions in June.
<br />Funding for capital projects is derived from many sources, with the Capital Outlay Fund, also known as
<br />Utility Users Tax (UUT) being the primary revenue source utilized for all capital improvement projects
<br />without dedicated revenue. Dedicated revenue sources are restricted to specific purposes, include park
<br />impact fees, water and sewer enterprise funds, and various transportation funds including Measure A and
<br />Measure W and Gas Tax revenues.
<br />These sources are expected to contribute approximately $156.8 million over the next five fiscal years,
<br />including approximately $31.8 million in FY 2020-21. The recommended Five -Year CIP includes 78 projects
<br />with an estimated cost of $395.5 million. Of this amount, $18.1 million is expected to be spent in FY 2020-
<br />21 and $377.3 million is expected to be spent in FY 2021-22 through FY 2024-25. These amounts do not
<br />include approximately $3.0 million yearly for staff resources.
<br />Page 6 of 9
<br />.AL .
<br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore
<br />441
<br />FY 2020-21
<br />Adopted
<br />Budget
<br />Revenues
<br />General Fund
<br />$
<br />148,254,980
<br />Special Revenue Funds
<br />11,551,152
<br />Capital Project Funds
<br />1,327,300
<br />Enterprise Funds
<br />91,765,466
<br />Internal Service Funds
<br />39,987,421
<br />Total Revenues
<br />$
<br />292,886,319
<br />Expenditures
<br />General Fund
<br />$
<br />142,667,653
<br />Special Revenue Funds
<br />14,199,633
<br />Capital Project Funds
<br />10,782,205
<br />Enterprise Funds
<br />84,858,489
<br />Internal Service Funds
<br />40,116,962
<br />Total Expenditures
<br />$
<br />292,624,942
<br />Net Change in Fund Balance/Net Position
<br />$
<br />261,377
<br />Full -Time Equivalents (FTE) 567.66
<br />*Includes $8,484,050 of Utility Users' Tax revenue that is transferred to the Capital Projects Fund
<br />NOTE: Revenues and Expenditures are shown before transfers in/out
<br />Five -Year Capital Improvement Program (CIP)
<br />The Capital Improvement Program (CIP) is a valuable resource for achieving the City Council's strategic
<br />priorities. Transportation and Sewer are two of the largest funded functional areas within the FY 2020-21
<br />CIP. In recent years, City Council has reviewed a recommended CIP budget for the upcoming fiscal year in
<br />the spring, and approved a recommended CIP budget during the City Council budget sessions in June.
<br />Funding for capital projects is derived from many sources, with the Capital Outlay Fund, also known as
<br />Utility Users Tax (UUT) being the primary revenue source utilized for all capital improvement projects
<br />without dedicated revenue. Dedicated revenue sources are restricted to specific purposes, include park
<br />impact fees, water and sewer enterprise funds, and various transportation funds including Measure A and
<br />Measure W and Gas Tax revenues.
<br />These sources are expected to contribute approximately $156.8 million over the next five fiscal years,
<br />including approximately $31.8 million in FY 2020-21. The recommended Five -Year CIP includes 78 projects
<br />with an estimated cost of $395.5 million. Of this amount, $18.1 million is expected to be spent in FY 2020-
<br />21 and $377.3 million is expected to be spent in FY 2021-22 through FY 2024-25. These amounts do not
<br />include approximately $3.0 million yearly for staff resources.
<br />Page 6 of 9
<br />.AL .
<br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore
<br />441
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