Dana Point's FY 09-10 Budget Hoping for a Soft Hit

Dana Point's FY 09-10 budget is hoping to be hit soft by the downturn in real estate and hotel occupancy.  Dana Point remains fairly optimistic on property taxes not taking as much as a hit as inland cities because the city has unique coastal appeal.  http://www.danapoint.org/index.aspx?page=1

The city also banks on high end resort hotels for transient occupancy tax revenue.  One of the hotels, the St. Regis, is possibly up for foreclosure sale.  The market for high end hotel rooms is very soft because tourist and corporate travel dollars have shrunk.  As a result, transient occupancy tax revenue will be down this year.  This revenue stream will recover once the economy recovers enough to allow spending on luxury travel to happen.

Dana Point's budget is taking in about $5 million less than the same time last year, but only spending about $2 million less.  The city showing increases in budgets for most departments. Non-departmental, which is software, printers, phones, mailing, and potted plant rentals, is taking the biggest hit at losing over $3 million from the budget.

A summary comparing the FY 08-09 and FY 09-10 budget during June of each year follows.

Revenues	FY 08-09	FY 09-10	$ Change	% Change
Taxes & Franchises	$27,248,600	$24,653,000	-$2,595,600	-9.53%
Licenses & Permits	825,000	530,100	-294,900	-35.75%
Fines & Forfeitures	480,000	473,000	-7,000	-1.46%
Use of Money & Property	1,605,500	841,000	-764,500	-47.62%
Intergovernmental	410,900	260,000	-150,900	-36.72%
Charges for Services	1,313,000	1,146,500	-166,500	-12.68%
Other	25,000	45,000	20,000	80.00%
Operating Transfers	1,680,812	659,000	-1,021,812	-60.79%
Total Revenues & Transfers In	$33,588,812	$28,607,600	-$4,981,212	-14.83%
Expenditures	FY 08-09	FY 09-10	$ Change	% Change
City Council	$169,059	$170,673	$1,614.00	0.95%
City Manager	495,402	569,832	74,430	15.02%
Administrative Services	933,308	1,076,701	143,393	15.36%
Public Information Services	178,048	122,600	-55,448	-31.14%
City Clerk	536,259	512,682	-23,577	-4.40%
Community Development	2,780,515	2,996,738	216,223	7.78%
Public Works	5,980,753	6,048,220	67,467	1.13%
Public Safety	8,943,875	9,580,250	636,375	7.12%
City Atty	621,050	628,700	7,650	1.23%
Community Services	1,373,722	1,512,612	138,890	10.11%
Parks	3,073,582	2,991,449	-82,133	-2.67%
Facilities	707,104	618,654	-88,450	-12.51%
Risk Management	834,200	587,700	-246,500	-29.55%
Non-Departmental	4,302,425	1,262,395	-3,040,030	-70.66%
Operating Transfers	0	0	0	0.00%
Total Revenues & Transfers In	$30,929,302	$28,679,206	-$2,250,096	-7.27%