Financial Update 1

Fund Balance Projections Final Adopted Budget Your Role in Improving the Department’s Financial Condition Questions/Answers 2

What is a Fund Balance? A fund balance is the difference between revenues and expenditures. Examples: Revenue: Property Taxes, Special Tax, Fee-for- Service Cities, Grants, Prevention Fees, Assistance by Hire, etc. Expenditures: Salaries & Employee Benefits, Services & Supplies, Capital Assets, etc. 3

Your Role Reducing Risk Buying Only What You Need Revenue Opportunities (e.g., Grants, Fees) Saving on Utilities Efficiency Efforts - Being Engaged with New Technology (e.g., ePCR) 4

Fund Balance & Reserves 5 The Department will actually need to move $50M± from reserves to balance the full cost of the Budget, but because of projected savings, the Department is estimating only $3.4 million of the $50M will be spent. At the end of , the difference will either roll over as fund balance into or be transferred back to reserves ActualBudgetProjection Revenue$982.0$1,030.1$1,025.0$1,053.6 Beginning Fund Balance Total Revenue$1,030.8$1,112.9$1,107.8$1,053.6 Less Expenditures985.21,067.21,067.91,057.0 Subtotal Use of Reserves Fund Balance$82.8$0.0 $ in Millions * *

Revenues: Final Adopted Budget 6

Revenue Property Tax Prop E - Special Tax Fee For Service Cities Other Revenue (Grants, Fees, Assistance by Hire, etc.) One-Time (Fund Balance & Use of Designations) 7

Expenditures: Final Adopted Budget 8

Salary & Employee Benefits Salary and Bonuses Industrial Accidents Overtime Health and Dental Insurance Life Insurance Retirement 401k and 457 (Horizons) Workers’ Compensation 9

Other Expenditures Services & Supplies Office supplies Travel Safety equipment Legal Fees Capital Assets – Equipment costing $5,000 or more Vehicles Apparatus 10

Other Expenditures Auto Settlements General Settlements Medical Malpractice Settlements Transfers to Special Funds Helicopter ACO Fund 11

Unfunded Items The following items total $598.8 million (1) : LA-RICS LMR (Land Mobile Radios) – $110.0 million (2) Radio Replacement – $72.0 million CAD Replacement – $35.0 million (3) LA-RICS Network Infrastructure – $2.1 million New Console/LA-RICS Transition – $2.0 million Helicopter Replacement – $122.3 million Replacement of 10 Fire Stations – $91.0 million Privacy and Access Facility Improvements – $70.0 million (3) National Pollution Discharge Elimination System – $41.0 million New Stations/Facilities – $18.8 million Facility Rehab – $18.0 million Barton Heliport Renovation Project – $16.6 million 12 (1) Does not include $191.9M for new headquarters facility. (2) LA-RICS cost should be shared with Sheriff, so the $110M may be $55M. (3) These items are partially funded in the Fire District’s forecast.

Q&A Any questions? 13