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CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16 OPERATING AND CIP
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY 15-16
OPERATING AND CIP BUDGET
CITY OF MORGAN HILL
FY15-16
OPERATING AND CIP BUDGET
CITY
From a dollar standpoint, the GF’s fund balance is forecasted to decrease from $12 million at the conclusion of FY 14-15
to $9.7 million by the end of FY 19-20 primarily due to the aforementioned additional investments in the City’s street
infrastructure and unfunded OPEB and PERS liabilities (all of which are further explained in subsequent sections of the
Budget Message).
From a spending perspective, the Council has discretion on how to spend approximately $23.3 million of the $33.7 mil-
lion in GF revenue. This is due to the fact that over $10 million in GF revenue is related to a specific service and can only
be used to provide that service (e.g. recreation services). The City Manager's budget recommends that the Council
allocate its discretionary funds as depicted in the following chart. As demonstrated, public safety continues to be the
number one priority as 79 percent will be for Police and Fire services. The remaining 21 percent of discretionary reve-
nue is appropriated to pay for economic development, finance, human resources, City Clerk, recreation services, envi-
ronmental services, street, parks, public facility, and downtown maintenance, City Attorney, and City Manager ser-
vices.
Year End Projection Adopted Forecast
Forecast
Forecast
Forecast
14-15
15-16
16-17
17-18
18-19
19-20
Beginning Balance
$12.82
$12.19
$11.57
$11.00
$10.53
$10.08
Revenues/Transfers In
33.25
33.73
34.34
35.42
36.65
37.68
Expenditures/Transfers Out*
(33.88)
(34.36)
(34.91)
(35.90)
(37.09)
(38.00)
Ending Balance
$12.19
$11.57
$11.00
$10.53
$10.08
$9.77
GF Fund Balance/Reserves (%)
37%
34%
32%
30%
28%
26%
Operating Margin
$(0.63)
$(0.62)
$(0.57)
$(0.47)
$(0.44)
$(0.31)
*Includes Anticipated Salary Savings
General Fund 5 Year Forecast
(in millions of dollars)