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HomeMy WebLinkAboutAgenda Report - June 15, 2005 I-01 PHAGENDA ITEM CITY OF LODI COUNCIL COMMUNICATION AGENDA TITLE: Continuation of Public hearing to adopt by resolution the 2005-06 Financial Plan and Budget and the 2005-06 Appropriations Spending Limit MEETING DATE: June 15,2005 PREPARED BY Finance Director RECOMMENDED ACTION: That Council receive public testimony from the public hearing held over from June 1, 2005 and consider adoption by resolution of the Fiscal Year 2005-06 Financial Plan and Budget and the 2005-06 Appropriations Spending Limit. BACKGROUND INFORMATION: Council has received the budget document and has heard presentations by City staff on May 4, 2005, May 11, 2005, May 18, 2005, May 24, 2005 and June 1, 2005 in regards to the Fiscal Year 2005-06 Financial Plan and Budget. There were no comments received from the public on June 1, 2005, and public testimony may be received at the meeting on June 15, 2005. Staff from all departments will be available to answer questions and respond to comments from the public or Council. The proposed budget as submitted by the City Managertotaled $158,365,276. Adjustments totaling $768,184 are hereby submitted for your consideration and will result in a total budget of $159,133,460. Responses to the questions from Council from the meetings on the dates enumerated above and any corrected pages to be included in the budget documentwere provided to Council at the meeting on June 1,2005. The budget adoption is scheduled to occur June 15,2005. Attachments related to the Appropriations Limitation calculation are attached herewith. Staff requests that the Appropriations Spending Limit be increased by $3,899,179 to an amount of $66,082,118. FISCAL IMPACT: Not applicable FUNDING AVAILABLE: Not applicable qJm�esR. Krueger, Finance Dir ctor APPROVED: ^ 7 r King, City Manager 2005-06 FINANCIAL, PLAN AND BUDGET APPROPRIATIONS SPENDING LIMIT wvt ft Ls I o 16.161 v g1 gal - . 2005.06 APPROPRIATIONS SUBJECT TO LIMITATION City off—AA Appropriatio s Spending Limit Ilo'cal Year 05-06 A. Last Ycar°s Iaasai( R, AE .justmeslts Factors 1 Population % i.0i19ts� mxlj mt 9) 2 Inflation % �� 1.026, (State Finance) Total Adjustment % I.01:627 � (BI -82) C. Annual Adjustment 3,09,i79� = (I3*A) I). [)titer Adjustments None E. Total Attiustments 31899,179 (('+t)) F. This Year's Limit -665,68-2, —n (A+L) City of Lodi Appropriations Npendiasg Liana. Growth Facto"IC slculations 88.89 4.66 4.96 3.32 89-90 5 1 �) 2.52 2.20 90-91 4.21 2.36 1.23 91-92 4.14 1,1'3 2.64 92-93 -11.64 0,97 2.41 93-94 1.72 1L73 2.13 94-95 0,71 0.51 1.57 95-96 4.72 1.31 1.59 96-97 4.67 1.68 1.85 97-98 4.67 (€.70 1.21 98-99 4.15 1.16 1.47 99-(€1) 4.55 t.44 1.44 Oil -()1 4.91 1.29 1.78 01-02 7.82 1.90 2.71 02-03 -1.27 2.14 3.07 03-04 2.31 1.69 2.86 04-05 3.28 0.75 2.54 05-06 5.26 1196 2.65 87-88 1.0347 x 1.0572-1.D939 1.0939 x $22,654,787 $24,782,072 88-89 1.0466x,1.0496-1.4985 1.0985 x $24,782,072 - $27,223,106 89-90 1..0519 x 1.0252 - t.0784 1.0784 x $27,223,106 _ $29,357,398 9(1-91 1.0421 x; 1.0226 X1.0657 1.0657 x $29,357,398 $31,286,179 91-92 1.11414), 1.026 --0689 1.0689 x $31,286,179 533,441,797 92-93 .99.36 x 1.,0241 -1.01175 U1175 x 33,441,797 $34,027,028 93-94 1.0272 x 1,0213 - 1.0491 1.0491x 34,027,ms - $35,697,755 94,95 1.0071 x 1.0157 = 1.0229 1.0229 x 35,697,755 $36,515,234 95-96 1.0472 x 1.0131 =1.0609 1..0609 x 36,515,234 $38,739,012 96-97 1.0467x1.0168=1.0643 1,0643 x 38739012 $41,229,332 97-98 1.0467x1.0071h---1.0540 1, 05411x 41„229,332 $43,456,825 98-99 1, 0415x 1.111160=1.053 6 1.0536x 43,456,3125 545,785,303 99-00 1,0.453x 1.0194=1.0656 1.0656x45,785,303 $48,787,849 00-01 1,0491x 1.0129=1.0(26 1.11626x48,7l§7,849 $51,843,597 111-02 1.0782x 1.0194-1.09117 $56,959,824 1.0986858 02-03 .9873x 1.0214=1.00}143 $57,439,894 1.00842822 03-04 1,02310,0169=1-0404 $59,759,913 L04039039 04 -(Es 1.0328x1.0075=1.040546 $62,182,939 1.040546 05-06 L0526x1.01196-1.061270496 :SCs6,082,118 1,06.270496, 05-06 Aliproprinlimis Subjval to Limit: $31.625,055 47.86% $661,1182.1118 2005-06 Budget and Financial Plan Revenue Summary Revised Jixie 15,2005 Section IV Page 4 Electric Utility Fund Expenditures Detail Revised June 15, 2005 Section V Page 89 Electric UtilityFund Expenditures Detail Revised June 15,2445 Section V Page 92 Electric Utility Fund Expenditures Detail Revised June 15, 2©G5 Section V Page 98 ElWrIc Utility Fund Expenditures Detail Revised June 15, 2005 Section V Page 99 Electric Utility Fund Expenditures Detail Revised June 15, 2€ 0 Section V Page 105 Electric Utility Fund Expenditures Detail Revised June 15,2005 Section V Page 107 Electric Utility Fund Expenditures retail Revised .lune 15 200.5 Section V Page 108 Electric Utility Fund Expenditures Detail Revised June 15.2005 Section V Page 111 Electric Utility Fund Expenditures Retail RiMsed June 15,2005 Section V Page 115 RESOLUTION NO. 2005-120 A RESOLUTION OF THE LODI CITY COUNCILADOPTING THE 2005-06 OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR THE FISCALYEAR BEGINNING JULY 1,2005 AND ENDING JUNE 30,2006, AND FURTHER APPROVING THE 2005-06 APPROPRIATION SPENDING LIMIT WHEREAS, the City Manager submitted the 2005-06 balanced Operating and Capital Improvement Budget to the City Council on May 11,2005; and WHEREAS, the 2005-06 Operating and Capital Improvement Budget was prepared in accordance with the City Council's goals, budget assumptions, and policies; and WHEREAS, the City Council conducted public budget meetings on May 4, May 11, May 18, and May 24 at the Carnegie Forum; and WHEREAS, the City Council is required to adopt the Appropriations Spending Limit for 2005-06; and WHEREAS, the Appropriations Spending Limit and the annual adjustment factors selected to calculate the Limit are part of the Financial Plan and Budget. follows: NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lodi as That the 2005-06 Operating and Capital Improvement Budget, as proposed by the City Manager and amended by the City Council (with the exclusion of the Lodi Conference and Visitors Bureau element, voted on separately and reflected in Resolution 2005-121), be approved as follows: 1 Includes Killelea Substation $1,450,000; Henning & McClane Substations $535,000; and new Municipal Service Center $125,000, all funded with bond proceeds of $2,110,000. City Manager City Council Proposed Adiustments Approved General Fund Police $13,006,961 $13,006,961 Fire 8,098,576 8,098,576 Public Works 6,745,037 6,745,037 Parks and Recreation 3,678,018 3,678,018 Community Center 1,282,700 1,282,700 City Clerk 511,585 511,585 City Manager 2,421,686 2,421,686 Community Events 100,000 100,000 CityAttomey 395,820 5,000 400,820 Finance 2,245,987 2,245,987 Non -Departmental 5,356,634 (23,628) General Fund Total 43,843,000 (18,628) 43,824,372 Electric Utility Fund 65,050,494 (10,000) 65,040,494' Water Utility Fund 8,053,069 15,000 8,068,069 Wastewater Utility Fund 16,644,171 413,600 17,057,771 Library Fund 1,594,596 1,594,596 1 Includes Killelea Substation $1,450,000; Henning & McClane Substations $535,000; and new Municipal Service Center $125,000, all funded with bond proceeds of $2,110,000. Community Development Fund 1,964,680 1,964,680 Community Development Block Grant/Home Fund 150,000 150,000 Streets Fund 5,525,036 20,000 5,545,036 Transit Fund 3,873,892 3,873,892 Benefits Fund 5,993,099 5,993,099 Self Insurance Fund 2,921,137 2,921,137 Capital Outlay Fund 930,730 252,106 1.,182,836 Debt Service Fund 1,676,372 96,106 1:,772,478 Equipment and Vehicle Replacement Fund 145.000 145,000 Total All Funds 158,365,276 768,184 159,133,460 2. That the funds for the 2005-06 Operating Budget are appropriated as summarized in the document on file in the City Clerk's Office; and 3. That the Appropriations Spending Limit be increased by $3,899,179 from the 2004-05 level of $62,182,939 to the 2005-06 level of $66,082,118. Dated: June 15,2005 I hereby certify that Resolution No. 2005-120 was passed and adopted by the City Council of the City of Lodi in a regular meeting held June 15, 2005, by the following vote: AYES: COUNCIL MEMBERS— Hansen, Hitchcock, Johnson, Mounce, and Mayor Beckman NOES: COUNCIL MEMBERS— None ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS— None SUSAN J. BLACKSTON City Clerk 2005-120 2005-06 FINANCIAL PLAN AND BUDGET APPROPRIATIONS SPENDING LIMIT 2005-00 ANI'IZOrRIAT1ONS SPENDING LIMIT ast Year's Limit djustmc»t Factors I Population % I.0096 2 Inflation % 1.0526 otal Adjustment % 0mmil Adjustment Idjustments otal Adjustments 00S-00 AI'PROPWATIONS SPENDING LIMIT AMOUNT 62,182,939 1.0627 3,899,179 None 3,899,179 66,082,11E zoos -06 APPROPRIATIONS SUBJECT TO LIMITATION I AMOUNT PROCEEDS OFTAXES 31,625,055 EXCLUSIONS - APPROPRIATIONS SUBJECT TO LIMITATION 31,625,055 CURRENT YEAR LIMIT 66,082,118 A. Last fear's limit 62,182,934 D. Adjtutnients Factors 1 Population % 1.U1l9G (Exhibit B) 2 Inflation % 1.953C (Stat. kinmea) Total Adjustment % 1.0627 (BI •B2) G. Aunual Adjustment (U* A) 1). Other Adjustments { Nutu .-- L`;. Tutu) Adjustments F. 'llis Year's Limit tifi,ti>i2,11R (A+E) City III Lodi E\ 141 BIT B Appropriations Spending Limit Growth Factor-dCalculatississ FACTORS: %hicresise $7-N8 3.47 S.72 3.33 4.66 4.96 3.32 911-91 4.21 2.26 223 91-92 4.14 1.19 2.64 92-93 -0.04 (1.97 2.41 93-94 272 11.73 2.13 94-95 11.71 (1.51 1.57 95-96 4.72 1.31 1159 96-97 4.67 1.68 1.85 97-98 4.67 0,70 1.21 98-'19 4.15 1.16 1.47 99-00 4.53 1.94 1.44 4.91 1.29 1.78 7.82 1911 2.71 02-03 -1.27 2.14 3117 W-04 2.31 1.69 2,86 (14-05 3.28 11.75 2.54 526 0,96 2.65 CALCULATIONS: -i wwiWo. 17. 147-88 1.(1347 x 1,0572 = 1.0939 1.0939 x $22,654,787 524,782,072 88-89 1.11466% 1.0496=1.0985 1.09,45 x $24,782,072 $27,223,10f, 89.4)(1 1.0519 x 1.0252 = 1,0784 1.0784 x 527,223,1(16 $29,157,19)1 9o-91 1.11421 x 1.0226 m1,0697 1.0657 3, $29,357,398 $31,286,179 91-92 1.0414 x 1,0264 =1.11689 1,0689 x $31,2M,179 533.44 1,797 92-93 99362 JM241 =1.(1[75 1.11175x 33,441,797 $34,1127,1128 Al 94 1.11272 , 1.(121-1 - I.fM 91 1.11491 x 34,1127,028 $35,697,755 94-95 1.0071 x 1.11157 - 1.11229 1.11129 x 3.5,6097,755 $36,515,234 95-96 1.0471 x 1.11131 =1.UOU9 I.06O9 x 36,515,234 $38,739,012 96-97 1.0467x 1.0168-1.(1643 LOW x 38739012 _ $41,229,332 97-98 1.046%1.00710-1.115411 1.054(Ix 41,229,332 = $43,456,825 98-99 1.0415% LU 1160=1,0536 14O536x 43,456,825 545,785,303 99-00 1.0453 % 1.0194-140656 1.11556x45,785,3(13 548,787,849 00-01 1.449h;1.0129=1.0626 L{1626x48,787,849 $51,843,597 01-02 1.07-41xi.0190-1.0947 $56,959,824 1.{1986858 (12-03 .9873%1.0214-1.00843 $57,439,894 I.(W42822 (13-04 1.0231x1.0169-1,04(4 $59,759,913 1.040139039 04-05 1.O32$x 1,0075=1.040546 $62,182,939 1.11411546 05-06 1.11526% I.0096=1.06270496 S66,082,118 1.06270496 (15-416 Approprialiuns Subjwl (u Limit: $31-6 5-05� = 47,X6% $66,0X2,11% RESOLUTION NO. 2005-121 A RESOLUTION OF THE LODI CITY COUNCIL APPROVING FUNDING IN THE AMOUNT OF $123,500 TO THE LODI CONFERENCEAND VISITORS BUREAU FOR FISCALYEAR 2005-06 WHEREAS, the City Manager submitted the 2005-06 balanced Operating and Capital Improvement Budget to the City Council on May 11,2005; and WHEREAS, the Lodi City Council approved the 2005-06 Operating and Capital Improvement Budget at its meeting of June 15, 2005 (Resolution 2005-120) with the exclusion of the Lodi Conference and Visitors Bureau element. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lodi that it hereby approvesfunding in the amount of $123,500 to the Lodi Conferenceand Visitors Bureau for fiscal year 2005-06. Dated: June 15,2005 I hereby certify that Resolution No. 2005-121 was passed and adopted by the City Council of the City of Lodi in a regular meeting held June 15, 2005, by the following vote: AYES: COUNCIL MEMBERS — Hansen, Hitchcock, Johnson, and Mounce NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS— None ABSTAIN: COUNCIL MEMBERS — Mayor Beckman SUSAN J. BLAC STON City Clerk 2005-121 NOTICE OF CONTINUED PUBLIC HEARING CITY COUNCIL CITY OF LODI NOTICE IS HEREBY GIVEN that the June 1, 2005 public hearing of the City Council of the City of Lodi to consider adoption of the 2005-06 Financial Plan. Budget. and Appropriations Spending Limit has been continued to June 15, 2005 at the hour of 7:00 p.m. in the Council Chamber, Carnegie Forum, 305 W. Pine Street, Lodi, California. Posted June 2,2005 SUSAN J. BLACK'S'fON CITY CLERK Of the City of Lodi