08 Draft FY Budget Presentation

FY 2023 Budget &
10-Year Transportation Program
August 4, 2022

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Overview
• Budget Process
• Financial Forecast
• FY2023 Transportation Budget Updates
–Operating Budget
–Capital Improvement Program
• 10-Year Transportation Program Summary

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FY 2023 BUDGET PROCESS

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• FY2021-2022 Sales Tax revenue projection $41 M
• FY 2022 to 2023 Sales Tax revenue projection 
$42.4 M, 3% change from FY2022
FY 2023 FINANCIAL FORECAST
FUNDING   
FY 23
City Sales Tax
41,418,288
$         
$ 
Transit Revenue
87,166
$                 
$ 
Interest 
622,838
$               
$ 
Other Intergovernmental
275,796
$               
$ 
Miscellaneous
4,098
$                   
$ 
FUNDING FORECAST TOTAL (From Budget, January 2022):
42,408,186
$         
$

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• Increase in Benefits, Salaries, Retirement 10%  
average
• Increase in Risk Management, Worker’s Comp, 
and Shop Charges by 9%
• Increase in Supplies Contracts 25%
• Contingency increased from $1M to $3M FY23
• Utilities increase by 29%
• Decrease in internal charges of 47%
Includes supplemental budget requests
FY 2023 FINANCIAL FORECAST

Operating, $15.97, 27%
Capital, $31.82, 55%
Contingency, $3.0
Debt Service, $6.70, 12%
Indirect Costs, $.64, 1%
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ESTIMATED TOTAL: $58.14 M
FY 2023 OVERALL BUDGET

Transit, $10.05, 43%
TSM, $1.38, 6
Right of 
Way, $1.0
5%
Streets, $.97, 4
Other, $2.48, 10%
Debt Service, $6.70, 
29%
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ESTIMATED TOTAL: $23.32 M
FY 2023 OPERATING BUDGET

SUPPLEMENTAL REQUESTS
ONE TIME
ONGOING
GO Street Light Mgmt. – Maintenance & Electricity 
$ 2,600
CIP O&M – Contracts & Water 
$ 75,400
Traffic Mitigation – Contracts & Supplies 
$ 50,000
TMC Advance Traffic Mgmt. System Upgrade 
$370,000
New FTE – Intelligent Transp. Systems Analyst 
$101,290
New FTE – Transportation GIS Technician 
$ 92,578
New FTE – Transportation Deputy Director
$169,085
New FTE – Transportation Financial Analyst 
$106,987
Transport Sales Tax Risk Post Incident Repairs
$200,000
Citywide Right-of-Way Landscape Refresh Program
$150,000
Internally Illuminated Street Name Signs
$ 40,000 
TOTAL:
$370,000
$1,046,766 
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FY 23 OPERATING BUDGET– SUPPLEMENTALS

Streets & Highway, $22.75, 
72%
Bicyle & 
Pedestrian, 
$1.35, 4%
TSM, …
Transit, $2.00, 6%
Other, $2.46, 8%
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ESTIMATED CAPITAL TOTAL: $31.82 M
FY 2023 CAPITAL BUDGET

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FY 2023 CIP BUDGET – NEW ADDITIONS
• AVIATION, $249 K
• STREETS & HIGHWAY, $11 M
• BICYCLE & PEDESTRIAN, $218 K
• TSM, $411 K

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FY2023-10 YR CAPTIAL PROGRAM
FUND 
CARRYOVER
FY23
FY24
FY25
FY26
FY27
FY28-30
Total:
4030 Sales Tax:
$5.8 
$16.1
$13.3
$6.0
$9.4
$4.7
$13.6
$68.9 M
2070 Sales Tax Op
$0.2
$9.7
$9.9
$10.1
$10.3
$10.5
$55.8
$106.5 M
Total:
$6.0 M
$25.8 M $23.2 M $16.1 M $19.7 M $15.2 M $69.4 M $175.4 M

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10-YR TRANSPORTATION PROGRAM
ESTIMATED COST: $506 M
CONTINGENCY: $35 M
Operating, $254.78, 50%

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PROGRAM REVENUE VS EXPENSE
$434M
$506M
$81M
$0M
$100M
$200M
$300M
$400M
$500M
$600M
Revenue Forecast
Expense
REVENUE FORECAST: $515 M
ESTIMATED EXPENSE: $506 M
REMAINING BALANCE: $9 M
FUND BALANCE POLICY: $4 M
AFTER 10% FB POLICY: $5 M

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Questions