The Elk Grove City Council unanimously adopted a healthy, balanced budget for the 2013-14 fi scal year.

THE CITY OF ELK GROVE’S BUDGET: 1) Maintains public services

2) Saves for a rainy day

3) Implements Economic Recovery

4) Invests in infrastructure

GENERAL FUND REVENUE: $54,785,000

Sales tax is the single largest source of revenue to the General Fund. For every dollar you spend on taxable sales in Elk Grove, 1¢ of your purchase supports critical services like public safety.

37%

17% 17%

15%

5%

9%

■ Sales Tax■ Property Tax■ Intergovernmental■ Other Taxes■ Operating■ Other Funds

Where does the money come from?

PRIMARY GOALS TO GUIDE OPERATIONS IN THE COMING YEAR

FY 2013-14FACT SHEETBUDGET

The City of Elk Grove’s budget maintains the current level of service to the residents of Elk Grove, with focused efforts on public safety and economic development.

Despite the recent years of economic distress, the City Council and City staff have been committed to balanced budgets that do not compromise service levels to residents. Through the involvement of the community in the budget process, the City has established:

The current budget limits the use of fund balance to one-time special projects and initiatives, with a remaining reserve fund of $14.8 million, a healthy savings for a rainy day.

Residents can expect to see a $237 million investment in the City’s infrastructure over the next five years including the construction of a state of the art aquatic complex and the purchase of land for a future professional soccer stadium, as well as continued progress on the future Civic Center, an Elk Grove Creek trail crossing as SR 99, the Grant Line road widening and bridge project, and three parks in Laguna Ridge. Additionally, the construction of the City’s new Special Waste Collection Center is almost complete, anticipated opening by Spring 2014.

The City continues to focus on job creation and business retention, as well as the development of a convention and visitor’s portal promoting Elk Grove as a recreational and cultural center, attracting visitors and tourists. Strategic planning of the 1,200-acre portion of the City known as the Southeast Planning Area, a “jobs oriented development,” continues and will be the foundation for a range of job opportunities supported by a balanced mix of residential and local retail uses. Additionally, the continued collaborative partnerships with local businesses will be enhanced with the Economic Development Incentive Fund which allows the City to offer grants or low-interest loans for specific projects meeting program criteria.

• Create a vibrant, diverse economy

• Grow and support safe, livable, attractive neighborhoods

• Promote Elk Grove as a recreational and cultural center that attracts visitors

• Serve as wise, responsible stewards of fi scal resources

• Develop an effi cient and effective City organization with a regional perspective

GENERAL FUND EXPENDITURES: $54,785,000

GENERAL FUND TOTAL RESERVES VERSUS CONTINGENCY POLICY

■ Police■ Revenue Neutrality■ Governance■ Administration■ Non-Departmental■ Code Enforcement■ Development Services■ Transit

■ Compensation■ Operating■ Internal Services■ Revenue Neutrality■ Transfers Out

The City has many funding sources to provide services to its residents, including property taxes. Your property tax dollars are allocated to many different agencies that also provide services within city limits.

Where does the money go?

How is the City positioned for the future?

How are other services in the City provided?

SERVICES PROVIDED BY THE CITY OF ELK GROVE

Animal controlAnnual neighborhood clean-upBuilding permits and inspectionsBusiness licensesCode enforcementPlanning servicesPublic safety

Storm water and fl ood controlStreet light maintenanceStreet sweeping and maintenanceTraffi c engineeringTransit servicesTrash and recycling collection

SERVICES NOT PROVIDED BY THE CITY OF ELK GROVE

FireLibrariesParks and recreation

SchoolsSewerWater

66%

9%

9%

6%4%2%

3%1%

Sacramento County19.2¢

*Elk Grove Unifi ed School District

44.2¢

*Los Rios Community College

5.9¢

City of Elk Grove

1.2¢

LibraryAuthority

2¢

OtherAgencies

2.7¢

Cosumnes Community

Service District20¢

Revenue Neutrality – City of Elk Grove to Sacramento County

4.8¢

The City Council has a policy that requires 15% to 20% of the annual General Fund expenditures to be kept on hand in a reserve, or rainy day, fund. The industry standard is eight percent.

The current reserve is set at 27%.

20,000,000

17,500,000

15,000,000

12,500,000

10,000,000

7,500,000

5,000,000

2,500,000 2009-10 2010-11 2011-12 2012-13 2013-14

Total Reserves 20% Contingency 15% Contingency

The public is encouraged to share feedback about the City of Elk Grove’s budget. Contact us through our one-stop City resource, Ask Elk Grove: via phone at 916-691-CITY (2489), email at askelkgrove@elkgrovecity.org, online at www.elkgrovecity.org/ask-elk-grove, or through our mobile phone app.

The budget is available in its entirety at www.elkgrovecity.org/finance.

*The dollar bill chart includes the Educational Revenue Augmentation Fund (ERAF) distribution.

14%

9%

9%

5%

63%