HomeMy WebLinkAboutAgenda Report - June 3, 2009 K-01K moo 11
CITY OF LODI�y 3
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- -COUNCIL COMMUNICATION
AGENDA TITLE: Receive Budget Presentation, Invite Public Comments and Adopt
Resolution Approving the City of Lodi Financial Plan and Budget for the
Fiscal Year Beginning July 1, 2009 and Ending June 30, 2010 and
Approving the Fiscal Year 2009/10 Appropriation Spending Limit
MEETING DATE: June 3,2009
PREPARED BY: City Manager
RECOMMENDED ACTION: Receive Budget presentation, invite public comments and
adopt Resolution approving the City of Lodi Financial Plan
and Budget for the Fiscal Year Beginning July 1, 2009 and
ending June 30, 2010 and approving the Fiscal Year 2009/10 Appropriation Spending Limit.
BACKGROUND INFORMATION: The City Council will continue to receive the budget
presentation and the public is invited to comment on the
Fiscal Year 2009/10 budget. Council has previously
received information on this budget at Shirtsleeve meetings on May 5th, May 12th and May 19th.
A Special Council meeting was held on May 26th and another Special Meeting is scheduled for
June 2"d. The budget was reviewed by the Budget and Finance Committee and their
recommendations are included in the presentation.
The General Fund Budget for FY 2009/10 is balanced without the use of reserves. However, it
is expected that expenditures incurred during the current FY 08/09 will exceed revenues and
General Fund reserves will be drawn on.
Improvements have been made to the budget document itself. Summaries of full department
budgets are provided vs. a collection of division budgets. Narratives are clearer and more
concise. Additional supplemental information is included. This budget introduces the use of
footnotes to explain variances and key items.
Although not required, the public has been invited to make comments through an advertisement
in the Lodi News -Sentinel.
A resolution adopting the financial plan and budget is attached. Included in the budget resolution
is the adoption of the Appropriation Spending Limit for the 2009/10 fiscal year. This limit
represents the maximum spending authority for the City based upon population and inflation
changes over the last year. The 2009/10 Appropriation Limit is $77,022,287, an increase of
APPROVED:
Blair King anager
$794,752 over prior year. Details of the calculations are attached as Attachment 1 and Exhibits
A through G.
FISCAL IMPACT: The 2009/10 budget provides an expenditure plan for all funds. The all
funds budget is $170,270,688 a decrease of $16.8 million, or about 9% from the previous year,
and a two-year decline of approximately $43.4 million. The General Fund Budget is
$39,870,901, $2.4 million less than the previous year and $5.8 million less than two years ago.
Blair King, City M
2009-10 FINANCIAL PLAN AND BUDGET ATTACHMENT 1
APPROPRIATIONS SPENDINGLIMIT
2009-10 APPROPRIATIONS SPENDING I IT .
2009-10 APPROPRIATIONS SUBJECT TO LIMITATION
EXIIIBIT A
City of Lodi
Appropriations SpendingLimit
Fiscal Year 09-10
B. Adjustments Factors
C. Annual Adjustment
D. Other Adjustments
E. Total Adjustments
F. This Year's Limit
1 Population Yo 1.0042 (ExhibitB)
2 Inflation Yo 1.0062 (State Finance)
zea 1 (B*A)
None
794,752 (C+D)
(A+E)
City of Lodi
Appropriations Spending Limit
Growth Factors/Calculations
GROWTH FACTORS:
EXMIT B
87-88
3.47
5.72
3.33
88-89
4.66
4.96
3.32
89-90
5.19
2.52
220
90-91
4.21
226
2.23
91-92
4.14
1.19
2.64
92-93
-0.64
0.97
2.41
93-94
2.72
0.73
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
0.70
1.21
98-99
4.15
1.16
1.47
99-00
4.53
1.94
1.44
00-01
4.91
129
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
526
0.96
2.65
06-07
3.96
0.30
200
07-08
4.42
0.90
1.73
08-09
429
0.68
1.59
09-10
0.62
0.42
1.07
87-88 1.0347 x 1.0572 =1.0939
1.0939 x $22,654,787 = $24,782,072
88-89 1.0466x1.0496=1.0955
1.0985 x $24,782,072 = $27,223,106
89-90 1.0519 x 1.0252 =1.0784
1.0784 x $27,223,106 = $29,357,398
90-91
1.0421 x 1.0226 =1.0657
1.0657 x $29,357,398 =
$31,286,179
91-92
1.0414 x 1.0264 =1.0689
1.0689 x $31,286,179 =
$33,441,797
92-93
.9936 x 1.0241 =1.0175
1.0175 x 33,441,797 =
$34,027,028
93-94
1.0272 x 1.0213 = 1.0491
1.0491x 34,027,028 =
$35,697,755
94-9s
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
1.0467x1.0070=1.0540
1.0540x 41,219,332 =
$43.456` ,825
98-99
1.0415x1.01160=1.0536
1.0536x 43,456,825
$45,785,303
99-00
1.0453 x 1.0194=1.0656
1.0656x45,785,303
$48,787,849
00-01
1.0491 x1.0129=1.0626
1.0626x48,787,849
$51,843.597
01-02
1.0782x1.0190=1.0987
$56,959,824
1.0986858
02-03
.9873x1.0214=1.00843
$57,439,894
1.00842822
03-04
1.0231x1.0169=1.0404
$59,759,913
1.04039039
04-05
1.0328x1.0075=1.040546
$62,182,939
1.040546
05-06
1.0526x1.0096=1.06270496
$66,082,118
1.06270496
06-07
1.0396x1.0030=1.0427188
$68,905,066
1.0427188
07-08
1.0442x1.0090=1.0535978
$72.598,226
1.0535978
08-09
1.0429x1.0068=1.0499917
$76,227,535
1.0499917
09-10
1.0062x1.0042=1.01042604
$77,022,287
1.01042604
09-10 Appropriations Subject
to Limit:
h'c A, 0� 1��1�1��x�saa�„ =
waU
39.75%
$77,022,287
APPROPRIATIONS SUBJECT TO LIMITATION
City of Lodi
Fiscal Year 09-10
A. PROCEEDS OF TAXES
B. EXCLUSIONS
C. APPROPRIATIONS SUBJECT TO LIMITATION
D. CURRENT YEAR LIMIT
E. OVER(UNDER) LIMIT
30 614117
0
m 614 117
77,022,287
(46,408,169)1
30,614,117 = 39.75%
77,022,287
EXHMIT C
(Exhibit F)
(Exhibit D)
(A -B)
(Exhibit A)
(C -D)
EXCLUDED APPROPRIATIONS
City of Lodi
Fiscal Year 09-10
EXIIIBIT D
COURT ORDERS
Subtotal None
FEDERAL MANDATES
Subtotal
QUALIFIED CAPITAL OUTLAYS
Subtotal None
QUALIFIED DEBT SERVICE
Subtotal None
TOTAL EXCLUDABLE
I Nam -
(Copy to Exhibit C & G)
City of Lodi
Schedule to Match User Fees to Costs
Fiscal Year 09-10
Public Safety Fees
305,000
23,651,720
Parks and Recreation Fees
1,327,188
4,096,236
Community Center Fees
443,578
1,859,673
Community Development Fees
441,000
1,210,238
PW Engineering Fees
216,032
945,540
Library Fees
50,000
1,419,910
Total
2,782,798
33,183,317
EXEnIT E
0
0
0
0
0
0
0
City of Lodi
Fiscal Year 09-10
Property Taxes
Sales & Use Tax
Business License Tax
Franchise Tax
Transient Occupancy Tax
Real Property-DocumentaryTax
In -Lieu Franchise Tax
FROM STATE
Motor Vehicle In Lieu
State H -way Maintenance
Gas Tax
Cigarette tax
Transportation Development Act
TDA-Pedestrian/Bike Path
SB 300 Transportation Partnership
Measure K Funds
State Reimbursements -POST
Public Library grants
PERS Rebate
SB90 Reimbursements
Asset Seizure Funds/Auto Theft
Drug Suppression Grant
State special grants
State STIP reimbursement
LOCALLY RAISED
Fines, Forfeitures, Penalties
Licenses and permits
Rent of City Property
DevelopmentFees
USER FEES
(from Exhibit E)
OTHER MISCELLANEOUS
Sale of Property
Restitution-Damageto Property
Other revenue
Interfund Transfers
SUB -TOTAL
(for Exhibit G)
INTEREST EARNINGS
(from Exhibit G)
TOTALREVENUE
(use for Exhibit C)
RESERVE WITHDRAWALS
(Including appropriated Fund Balance)
TOTAL OF THESE FUNDS
OTHER FUNDS NOT INCLUDED
GRANDTOTALBUDGET
EXIHBIT F
Calculation- Proceeds of Taxes
8,475,000
8,475,000
7,479,255
266,000 7,745,255
1089 750
1,089,750
1,641,000
1,641,000
411,0001
411,000
n
n
6,976,670 1
6,976,670
4,335,771
4,335,771
11,405
11,405
1,062,000,
1062 000
n
1 976
5932983
n
n
900,000
900,000
50,000
50,000
0
0
238,000
238,000
100,000,
100,000
n I
n
1,231000 1,231,000
694,595 694,595
789,475 789,475
07) n71 07) n71
3,500
3,500
0
0
503,390
503,390
5,932,983
5932983
30 614117 1 17 541648 1 48,155,765
Interest Earnings
Produced by Taxes
City of Lodi
Fiscal Year 09-10
EXHIBIT G
A. NON-INTEREST TAX PROCEEDS
0,548,446 -(Exhibit F)
B. MINUS EXCLUSIONS
(Exhibit D)
C. NET INVESTED TAXES
3n u & j (A -B)
D. TOTAL NON-INTEREST BUDGET
Ag ns2 afL; ^(Exhibit F)
E TAXPROCEEDSASPERCENT
OF BUDGET��_g� (C/D)
F. INTEREST EARNINGS
G. AMOUNT OF INTEREST EARNED �ry��� ; (E*F)
FROM TAXES
H. AMOUNT OF INTEREST EARNED
ON NON -TAXES 37,629 (F -G)
L Take the result of steps#G & H
Copy on to Exhibit F