HomeMy WebLinkAboutAgenda Report - November 3, 2004 I-04AGENDA ITEM t04
• CITY OF LODI
COUNCIL COMMUNICATION
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AGENDA TITLE: Discussion and update regarding Fiscal Year 2005106 Budget process
MEETING DATE: November 3, 2004
PREPARED BY: Finance Director
RECOMMENDED ACTION: That the City Council receive general outline of discussion regarding
the Fiscal Year 2005106 budget as per attached Exhibits and give
advice to city staff for preparation of the budget.
BACKGROUND INFORMATION: City staff began discussions about the upcoming budget at the
shirtsleeve meeting of October 12, 2004. The documents attached
herewith were distributed to the Mayor and City Council members at
that time. The discussion tonight is considered by staff to be
preliminary in nature and any advice or direction given by City
Council to staff will be incorporated to the extent possible in the
budget policies and the budget amounts to be proposed at later
dates.
City staff has scheduled shirtsleeve sessions in December of this year for further discussion of the Fiscal
Year 2005-06 budget.
FUNDING: Not applicable
J mes R. Krueger, Finance Director
APPROVED: L--- -
anet S. Keeirer, Interim City Manager
2005-06 Budget Overview
Agenda for 10-12-04 Shirtsleeve session
1) Review City of Lodi Financial Condition
a) Break out "other" portion of other sources and uses. (Exhibit A)
b) $1.3 million structural deficit and initial projection for 05-06 and future years (Exhibit A)
c) Net cost to operate (Total department Expenditures- Direct Revenues) (Exhibit B)
1) Objective is to resolve deficit by decreasing net cost to operate
2) Revenue Considerations:
a) No new revenues or revenue enhancements Impact of Citizen's sales tax initiative
I)Citizens sales tax initiative
b) Local Tourism Business Improvement District
c) 911 tax, fee (Review status)
d) We will continue to review all fees
3) Expenditure Considerations:
a) Pers costs, employee contribution ( All are meet and confer issues)
b) Health insurance, capping of City cost
c) Hiring freeze continuation until ? Only a short term measure
1) Current status and plan for remainder of this year
d) Develop department priorities and General Fund priorities.
e) Develop scenarios with priorities (Exhibit C)
4) Process and Timeline Considerations:
a) Calendar
b) Appointment of Budget Advisory Committee
c) All departments set priorities within each department based on core/mandatory programs
d) Develop service level reduction plans
e) Develop time line for implementation of reductions
1) Some reductions will be implemented in 04-05
11) Majority of reductions will be implemented in 05-06
20174-2d1t45 FII` ANC:It4L. PIAIN AND SC'M1MARY
CHAMNGES II,V FU BkL AN, CE - €,I7',IS-E RAI, Fi IND
20(4-2009 -T
El=nate (Ager Adjust or li•l.iminate One
1'ros�ecCi�e Fia�ncial
ReviscA
Sour(:eS and i tmc: 11cwmue:
Slates Aftu ts1imiii3tlon
Budgei
"ha Te .
Budr:R t
iJ 5e5 7'.XpeIt5B5 OF Trans eri
(A •i emporafy Itonl5
Revenues
Tax RVenueS
21,95IU30
1,88L695
23,831,92�
tacansea and Permits
1.,586,515
L586,115
Pines an Fotf7tu as
763 945
76,1045
Invesirne vl`ropcity xcvenues
770, 0
tetunvet une ital Revernues
4,05£,961
(69,0o0)
3,987,9171
Service Chary es
7,,3-52,06€)
(387,640)
1,964,42E1
Other Revenue
321,w35
121,235
'Fatal Revenue
31,6x06,8116
9770,675
32,M7,481
-Items
Revenue Items I43em€iii$d as fd#her:
SaEas Taxes and Service Chime
9W,00(j
Prnpetty "Faxes directed to Gtvurd I,umd
'Total Revenue after adjustments
(71 33,4€4i,481'^••^^^^-'^^� (1:81,'1,6)5)
- - 31,605,786
Expenditures
C )nesting Programs
PubhcSafcty
16,1$64,399
(678,91S)
16,787,441
Transl3o Eatscn
'.,158,690
(31:288)
2,127,402
Lenine, Cultural and Social 8endces
4,794,451
(331463)
4,4617985
Community dndliconomicDevclopmem
3,557,270
(406,0,,5)
3,151,215
(s`ene4-al GoverfiIlviit
9.476,549
(914;4m7
5,562141
Total Operating Programs
36,553,759
x;,363.532)
34,�i53[i227227
Total Expenditures
36,853,759
(2,363,532)
34,490.'x27 .--m—•�
1Lx enddtu- Items Icdentitled as Other:
�
Pen jncreases -�
589,940
Vaca cies
(52(1,(N)0)
Budget Savings
(700,€37x)?
Voluntary Leave Without ray
5€Afx1) (1n0,Ck�lli
No cash out nL Admin. Leie
(150 (xy))
Employee medicalptemittrn savitxg,s
(553,7(10)
Pay raise., not budgeted at dept leve3
)S 1 833
Total Expenditures including adjustments a,% xhnve
� 33,68:0
33,589,.306
Reveuuosll{`xpvnditures (OverlL rider)
(5,246,953)
3 344,297
(1,902,746)
0/ (701,8190
(1,983 41.4)
Other Sources (uses)
Operating I'ransfeaIn
6,380,227
(413,972)
59662.5.5
5,96,255
5,966,355 �f
Operating fxasr2ersOut
(,IA90,867)
(828,662)
(5,319,529)
f (5,319,529)
(5,31'9,529)/
Llimmate'1'r=Spo€utionDefici1:
a" 2v7yf))
Other Snurcas il.Tsys}
2,701,4 A
(1,027,267)
1,674,I37
Tel alOther Sources(Uses)
4;590,765
(2„�,G9,901)
2,320,864
619,93'
646,717
19etRevcnpea, Hal%rrditures 4nd Transfers
CA -_418,117
(7,336,7867
Food Balance Beginning of the Year
3,203,841
(1_431,910)
7,771,931
1 1.,771,931
2,790,4413
i%dlusLmcnt to Pune! Balance
Fund Balance End of the Year•
Resezved Far Debt Service
l�sl�imfried I1CSCil�
Usresea�re
2,547,652
357,17(}31
2'19(1'(48
Total Fund Holorace
2 S
357 fs4➢4
27190,448
2 19(1®4,9
___85&260
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