23-0620_ORANGE, COUNTY OF_F2a_PowerPointAdoption of Budget for Fiscal Year 2023-24
and Related Matters
Item F2a
June 20, 2023
Budget Workshop
•On May 2 and 16, staff reviewed proposed budget with City
Council, and provided information regarding:
•Financial status of City
•Detailed recommendations regarding General Fund balance projected
to be $7 million in excess of reserve targets ($22.5 million)
2
2023-24 General Fund Budget Summary
•Budgeted revenues exceed budgeted operating expenditures by
$3.3 million
•As directed by Council, staff added to the budget $6.9 to be
spent on one-time projects and initiatives primarily to enhance
and refurbish public facilities
3
Third Amendment of Sheriff Contract
•Five-year agreement approved June 2020
•Proposed amendment establishes funding for this budget period
•Budgeted for a potential 10% increase (labor negotiations)
•Added one deputy and one vehicle (Parking Maintenance Fund)
4
Housing Authority Budget
•Budgeted revenue -$484,000 (rental and investment
income)
•Budgeted expenditures -$285,000 (program expenditures)
5
Recommendations
1.Adopt budget resolution
2.Adopt seven-year CIP resolution
3.Approve seven-year Measure M2 CIP
4.Adopt appropriations limitation (Gann Limit)
5.Adopt debt service levy for Measure Y bonds
6.Approve funding of General Fund reserve targets
6
Recommendations
7.Approve revised investment policy
8.Approve third amendment of law enforcement agreement
9.Adopt resolution amending Personnel and Classification Plan
10.Approve appointment of Matisse Reischl as Assistant City
Manager
11.Approve and authorize City Manager to sign Notice of Intent
for County animal shelter
7
Thank you
QUESTIONS?