The Pasadena City Council in June approved a balanced budget for the full-service City that began its new Fiscal Year 14 (FY 14) on July 1, 2013. The new budget represents the second year in a row that the City is not projecting a need to use reserve funds for operational expenses.
The FY 14 budget is the annual financial blueprint for 16 City departments; the City Council Office; the Successor Agency to the Pasadena Community Development Commission and the City’s three operating companies—The Rose Bowl Operating Company, which oversees the national historic landmark Rose Bowl Stadium, www.rosebowlstadium.com; the Pasadena Center Operating Company, in charge of the Pasadena Convention Center and the City’s Visitors Bureau, www.visitPasadenaCA.com; and the Pasadena Community Access Corp., www.PasadenaMedia.org,which oversees the public, education and government cable access TV stations serving Pasadena.
The approved FY14 budget totals $677.9 million, including a $531.2 million operating budget; capital appropriations of about $94.8 million; and $51.9 million in budgeted appropriations for the City’s three operating companies. About $202.6 million of the operating budget is the General Fund, from which most public services are funded. Capital improvement allocations include costs for water and electrical systems improvements; park upgrades and roadway improvements.
The budget document is produced by the Finance Department and the City Manager’s Office. For more detailed budget information visit www.cityofpasadena.net/Finance/Budget.