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Budget

2017-2018 Adopted Budget
Adopted Budget Fiscal Year 2017 2018
           
2017-2018 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 2017-2018 budget consists of a $172,579,000 revenue projection and an expenditure allocation of $187,067,800.  (The expenditures include one-time capital improvement projects which are funded by savings.)  The General Fund Operating Revenues are $40.3 million and expenses are $39.5 million with a projected operating surplus of $1,823,600.  The General Fund reserve is approximately $32.6 million, which is about 83% 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 Budget Cover fiscal year 17 18    

Resolution Establishing the 2017/18
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