Report to Mayor and City Council
Monday, April 19, 2021
Discussion
SUBJECT:
Title
FISCAL YEAR 2022-2023 BUDGET WORKSHOP NO. 2 (CITY COUNCIL)
Body
I. SUMMARY
This is the second of three planned Budget Workshops being presented to the City Council before its considering adoption of the Fiscal Year 2022-2023 budget in June 21st, 2022. The first Budget Workshop took place on March 15, 2022 where staff presented detailed information on the City General funds revenues including forecast and 5 year forecast. This report includes updated information regarding the General Fund Reserve, projections for the Fiscal Year 2022-2023 General Fund personnel expenditures, departments' operating expenditures and a preliminary estimate of the Los Angeles County Sheriff contract. The third and final budget workshop on May 17th, 2022 will include Capital Improvement Projects, Special revenue Funds and Special Events fund.
The American Rescue Plan Act (ARPA) of 2021 was passed by both houses of the U.S. Congress and signed into law by President Biden March 11, 2021. The bill was intended to mitigate many of the worst financial effects of the COVID-19 pandemic and included $1.9 trillion in stimulus measures with the City of Carson receiving $17.7 million. On March 15th, 2022, Council approved appropriation of ARPA funds and the distribution is illustrated in Exhibit A.
Below are the General Fund revenue line items discussed in detail at the first Budget Workshop, including actual and revised forecast.
Revenues
FY 2021-22
FY 2022-23
Sales Tax
$32,912,000
$33,644,000
Property Tax
$17,732,016
$18,332,470
Transient Occupancy Tax (TOT)
$1,958,384
$1,583,384
Utility Users Tax (UUT)
$7,450,000
$8,500,000
Transaction and Use Tax (Measure K)
$13,900,000
$14,348,136
Oil Industry Business Tax (Measure C)
$4,700,000
$4,200,000
License and Permits
$2,900,000
$4,900,000
Franchise Tax
$9,500,000
$9,500,000
Fines and Forfeitures
$2,400,000
$3,706,754
Charges for Services
...
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