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2015-2016 Adopted Budget

Adopted Budget Fiscal Year 2015 2016 *

*NOTE:  This is a very large document and will take approximately 2 and a half minutes to upload or even longer depending on your internet connection.   
2015-2016 Budget Document
The City of Chino Hills' Finance Department completes an annual budget each fiscal year. It is presented to and adopted by the City Council typically the first meeting in June. The fiscal year runs from July 1st to June 30th each year.

Budget in Brief
The budget is the financial plan the City Council uses to establish programs and services to be provided by the City and to allocate funds necessary to carry out those programs and services.  The City’s total 2015-2016 budget consists of a $184,220,600 revenue projection and an expenditure allocation of $168,558,800.  (The expenditures include one-time capital improvement projects which are funded by savings.)  The General Fund Operating Revenues are $39.2 million and expenses are $38.3 million with a projected operating surplus of $867,700.  The General Fund reserve is approximately $23.7 million, which is about 60% of the General Fund Operating Budget.  To learn more about the City’s budget, view this "Budget in Brief."  For a hard copy of the "Budget in Brief" stop by City Hall.
 Photo of the FY 15 16 Approved Budget Cover    
Resolution Establishing The 2015/16 Fiscal Year Appropriation Limit
Cities are required to establish an appropriation limit for a new fiscal year by June 30 of the current fiscal year in accordance with Article XIIB of the California Constitution Gann Initiative. Each year the appropriation limit is modified by two factors. One factor is a population-based factor; the second is an economic –based factor. The population factor that may be selected is the greater of the percentage increase in the City’s population or the County’s population. The economic factor that may be selected is either (a) the percentage change in the state’s per capita personal income or (b) the percentage change in the City’s assessed valuation caused by new non-residential construction.

Appropriation Limit Calculations