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August 2008 home page

Del Mar City Budget, 2008-2009
August 2008

 

The table below summarizes the city's budget for the next fiscal year, recently adopted by the City Council. Some interesting items to note are: The budget is balanced with a healthy contingency reserve of over $1million; Transient occupancy tax is money paid by those who rent hotel rooms here; “Race track” is our share of the "handle", i.e., money that is bet at races; The clean water fund represents the amount we pay to comply with state and federal unfunded mandates; The capital improvement fund is the amount we accumulate for large long-term needs; Much of the money under “lifeguard” and “beaches and parks” is to provide services to visitors.

Revenues   Expenditures  
  $   $
Property Tax
3,676,141
(a)
Sheriff
1,694,739
(g)
Sales Tax
1,563,694
(b)
Fire
1,933,756
Transient Occupancy Tax
1,750,000
Lifeguard
782,423
(h)
Other Taxes
588,563
(c)
Other public safety
628,137
(i)
Charges for Services
543,456
(d)
General government
3,955,123
Parking and Traffic Fees
1,397,198
(e)
Public works
723,353
(j)
Race Track
242,431
Beaches & parks
1,015,891
(k)
Other Sources
992,594
Other
880,121
(m)
Grants, Capital and Other
1,607,023
Water fund
2,620,578
Special Fund Revenue
1,167,836
(f)
Wastewater fund
4,797,768
 
Water
2,406,427
Clean Water fund
507,402
Clean Water
392,900
Capital expenditures
2,275,163
Sewer
5,120,648
 
Use of Fund Balance
365,553
 

 

Reserves
  $
Contingency 1,104,929
Revenue loss 500,000
Open space 544,913
Capital improvement 846,108

(a) Includes Property Tax, and Property Tax in Lieu of VLF

(b) Includes Sales and Use Tax, Property Tax in Lieu of Sales Tax and Safety Sales Tax

(c) Includes Franchise Tax, Business License Tax and Real Property Transfer Tax

(d) Planning, Engineering and Building Services

(e) Includes Fines and Forfeitures and Parking Meter Income

(f) Excludes any grant funding included above, and Open Space race track revenue

(g) Patrol and Traffic Enforcement

(h) Lifeguard Services Only

 

   
 

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