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CITY OF COLTON <br />FISCAL YEAR 2015-16 ADOPTED BUDGET <br /> <br />EXPENDITURES <br />Fiscal Year 2015-16 citywide Adopted Budget expenditures amount to $140.8 million, an increase of approximately <br />$5.9 million, or 4.4 percent, compared to the Fiscal Year 2014-15 Adopted Budget of $134.9 million and an <br />decrease of $37.6 million compared to the current Fiscal Year 2014-15 budget. The primary reason for the large <br />discrepancy between budget years relates to capital projects and grant expenditures. Capital projects and grant <br />expenditures are typically appropriated in the year the project initiates or the year the grant is accepted and unspent <br />appropriations are carried forward until expended. Details of major expenditure categories are discussed below. <br /> <br />SALARY AND BENEFITS <br />Salary and benefits costs in the citywide Fiscal Year 2015-16 Adopted Budget total $40.0 million, a $2.6 million, or <br />7.0 percent increase compared to the Fiscal Year 2014-15 Adopted Budget of $37.4 million. The Fiscal Year 2015-16 <br />salary and benefits category comprises 28.4 percent of citywide expenditures compared to 27.7 percent in the Fiscal <br />Year 2014-15 original adopted budget and 21.0 percent of the current Fiscal Year 2014-15 budget. The primary <br />reasons for the increase in salaries and benefits costs are increased City CalPERS contributions for pensions, the <br />addition of required contributions toward PERS unfunded pension liabilities for the safety unit, and modest salary <br />and related benefits increases for employee bargaining groups consistent with negotiated MOUs. <br /> <br />MAINTENANCE AND OPERATIONS <br />The Fiscal Year 2015-16 citywide maintenance and operations budget, inclusive of contracted services, totals $76.8 <br />million compared to $78.4 million in the current Fiscal Year 2014-15 budget, which represents a 2.0 percent budget <br />reduction. <br /> <br />CAPITAL IMPROVEMENTS <br />The Fiscal Year 2015-16 citywide capital improvements budget totals $7.1 million compared to $36.4 million in the <br />current Fiscal Year 2014-15 budget. Most large capital improvement projects take many years to complete. The <br />entire project cost is appropriated in the year the project begins, and unspent appropriations are carried forward until <br />the project is complete. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />8-xx