FROM:
Finance
SUBJECT:
Title
Fiscal Year 2024/25 Fontana Fire District Supplemental Budget
End
RECOMMENDATION:
Recommendation
1. Approve the recommended Fiscal Year 2024/25 Supplemental Budget adjustments.
2. Adopt Resolution No. FFD 2024-002, of the Fontana Fire Protection District establishing an appropriations limit of $191,938,135, pursuant to Article XIII (B) of the California Constitution for Fiscal Year 2024/2025.
3. Authorize the carryforward of the available budget at fiscal yearend to the following fiscal year for all capital improvement projects and obligations funded with grants and other one-time funding.
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COUNCIL GOALS:
• Operate in a businesslike manner by ensuring that the public debate is based on accurate information.
• Practice sound fiscal management by producing timely and accurate financial information.
• Practice sound fiscal management by living within our means while investing in the future.
• Practice sound fiscal management by fully funding liabilities and reserves.
• Practice sound fiscal management by developing long-term funding and debt management plans.
• Invest in the City’s infrastructure (streets, sewers, parks, etc.) by maintaining and improving the city's existing infrastructure.
• Invest in the City’s infrastructure (streets, sewers, parks, etc.) by providing for the development of new infrastructure.
DISCUSSION:
Each Year, the Fontana Fire District adopts a budget committing fiscal staff resources to the accomplishment of its goals. During the year, actual revenues and expenditures are carefully monitored against the approved budget.
The Operating Budget for the Fire Protection District, as adopted on June 13, 2023, as part of the two-year budget process, includes revenues of $65.5 million, transfers in of $224,150, expenditures of $68.8 million, and transfers out in the amount of $224,150.
The proposed Supplemental Budget Report increases revenues by $7.7 million, decreases appropriations by $3.0 million, and increases both transfers in and out by $5.0 million.
As a result of these adjustments, the Fiscal Year 2024/25 revised budget includes revenues of $73.2 million, transfers in of $5.2 million, expenditures of $65.8 million and transfers out of $5.2 million resulting in a net increase in fund balance of $7.4 million.
The Fontana Fire District is currently in negotiations with the San Bernardino County Fire Protection District for compensation in the amount of $24.9 million for fire protection and ALS/Paramedic Services provided to areas outside of the Fontana Fire District. Once negotiations are completed, any required budget adjustments will be presented to Council for approval in the 2024-25 First Quarter Budget Report.
FISCAL IMPACT:
The fiscal impact associated with the approval of this item includes an increase in revenues of $7.7 million, a decrease in appropriations of $3.0 million, an increase in transfers of $5.0 million, and is detailed in the attached schedules.
MOTION:
Approved staff recommendations.