PRESENTATION OVERVIEW 1 ST Quarter 1 st Quarter Recommended FY 2020 - - PowerPoint PPT Presentation
FY 2 2019 19 Three Pl ree Plus Ni Nine e 1 st Financial Repo Fi Report rt Quarter Cit ity C Council cil B B S Sessio ion Presente ted b d by Justina a Tate, B Budge dget D t Directo tor February 20, 20, 2019
Cit ity C Council cil “B “B” S ” Sessio ion Presente ted b d by Justina a Tate, B Budge dget D t Directo tor February 20, 20, 2019 2019
1ST Quarter Results - Budget Initiatives
1st Quarter Financial Status Report Recommended FY 2020 Budget Calendar
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Capital Budget $690 Million
24%
General Fund $1.26 Billion
44%
Restricted Funds $889 Million
32%
Library Human Services Non-Departmental Center City Animal Care Code Enforcement Health Finance Neighborhood & Housing Economic Development Municipal Court Mayor & Council City Attorney’s Office Human Resources Government & Public Affairs Planning Municipal Detention Center City Manager’s Office City Clerk’s Office 311 Customer Service City Auditor’s Office Budget Office Transfers Historic Preservation Municipal Elections Innovation Office
CPS Revenues $363M 28.8% Property Tax $361.9M 28.7% Sales Tax $295.3M 23.4% Other Resources $240.8M 19.1%
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Police* & Fire $794.4M
* INCLUDES PARK POLICE
OTHER DEPARTMENTS $283.6M
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in additional revenue
in less expense
Revenue Source ($ in Millions) 1st Quarter Variance FY 2019 3+9 Estimate Variance
Property Tax $0 $0 Sales Tax 1.6 2.1 CPS Energy (0.8) Other 1.6 0.2 Total $2.4 $2.3
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FY 2019 Projection
Budget $361.9 Projection $361.9 Variance $0
($ in Millions) FY 2019 1st Quarter
Budget $182.3 Actual $182.3 Variance $0
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($ in Millions)
$26.2 $23.7 $21.4 $30.8 $25.9 $25.0 $21.9 $31.0
Budget Actual October November January December Budget $71.3 Actual $72.9 Variance $1.6 Budget $295.3 Projection $297.4 Variance $2.1
January revenue was $200,000 above budget
2019 1st Quarter FY 2019 Projection
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$28.0 $25.0 $24.0 $31.0 $26.0 $26.0 $24.0 $27.0
Budget Actual October November January December
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($ in Millions) 1st Quarter FY 2019 Projection
Budget $77.2 Actual $76.4
Variance
($0.8)
Budget $363 Projection$363
Variance
$0.0 January revenues was $4 Million below budget
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6% 6% 7% 7% 2% 2% 1. 1.75 75%
Conve nventi ntion
Center er
Stat tate
City of San n Ant ntonio nio
Bexar ar County nty
35% 35% 15% 15%
Ar Arts ts Conve nventi ntion
Fa Facili cilitie ies Vis isit it S San Antoni
Histor tory & & Preserva vati tion
HOT OT Rat ate: 16. 16.75% 75% COSA HO A HOT Tax A Allo lloca catio ion
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1st Quarter ($ In Millions)
Budget dget Actua uals ls Varian ance $15 $15.4 $16 $16.3 $0. $0.9
FY 2019 Projection ($ in Millions)
Budget dget Proje jection Varian ance $70 $70.8 $72 $72.1 $1. $1.3
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Revenues
Expenses
FY 2019 Projection
Budget Actuals Variance
$7.9 $8.6 $0.7
Budget Projection Variance
$34.4 35.2 $0.8
1st Quarter Results FY 2019 Projection
Budget Actuals Variance
$8.2 $8.2 $0.0
Budget Projection Variance
$34.2 $33.8 $0.4
1st Quarter Results
($ in Millions)
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Revenues Expenses
FY 2019 Projection
Budget Actuals Variance
$32.3 $33.2 $0.9
Budget Projection Variance
$126.4 $132.2 $5.8
1st Quarter Results FY 2019 Projection
Budget Actuals Variance
$30.8 $30.3 $0.5
Budget Projection Variance
$126.5 $125.1 $1.4
1st Quarter Results
($ in Millions)
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Total Projects
1st Quarter Projects Completed
Scheduled Projects
Scheduled Projects
Scheduled Projects
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1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Unde Under 1 r 1 Roof Own wner O Occupie pied Re Rehab Homeb ebuyer er Assist stance ce Ne New Ho Housing Devel elopmen ent & & Ga Gap F p Fin inancing Ris isk M Mit itig igation Fund
$5.2 $5.25M $7.4 $7.4M $3.3 $3.3M $7.5 $7.5M $1M $1M
400 roofs replaced
81 Rehabilitations 139 Houses - Let’s Paint & Lead Based Paint programs
265 Residents assisted 380 single/multi family affordable housing units Policy presented to City Council in March
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$1.625 Million for Coordinated Housing System/LISC is on schedule
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Opening February 15 Partnering with Goodwill Industries and Communities in Schools:
youth in Year 1
programs
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March to September Community Input April 17 Mid-Year Review & Five Year Forecast April 18 Mid-Year Ordinance June 25 City Council Goal Setting Session August 8 Budget Proposal August to Mid September City Council Budget Worksessions & Community Input September 12 Budget Adoption
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Roll Back Rate Roll Back Rate
$3.77 Dollars
Less revenue to the City over 10 years Less General Fund Services in 2019 Average Monthly savings to average City Homeowner
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increases to Affordable Housing Program and other priorities
million in lost revenue over five-years
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