Report to Mayor and City Council
Tuesday, May 04, 2021
Discussion
SUBJECT:
Title
FISCAL YEAR 2021-2022 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 2021-2022 budget in June 2021. The first Budget Workshop took place on March 16, 2021 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 2021-2022 General Fund personnel expenditures, departments' operating expenditures and a preliminary estimate of the Los Angeles County Sheriff contract. The third and final budget workshop 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 includes $1.9 trillion in stimulus measures with a preliminary estimate indicating that the City of Carson will be receiving about $20 million. Staff will return at later date to propose to the City Council a framework for the use of the ARPA funds.
Below are the General Fund revenue line items discussed in detail at the first Budget Workshop, including actual and forecast.
Revenues
FY 2021-22
FY 2022-23
FY 2023-24
Sales Tax
$27,355,883
$30,049,000
$31,551,450
Property Tax
$16,972,574
$17,295,053
$17,640,954
Transient Occupancy Tax (TOT)
$1,935,000
$1,958,384
$1,997,385
Utility Users Tax (UUT)
$7,450,000
$7,450,000
SUNSET
Transaction and Use Tax (Measure K)
$13,900,000
$14,348,136
$14,706,839
Oil Industry Business Tax (Measure C)
$4,700,000
$4,700,000
$4,700,000
License and Permits
$2,900,000
$2,900,000
$2,900,000
Franchise Tax
$9,500,000
$9,...
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