HomeMy WebLinkAboutAgenda Report - February 15, 2012 I-01AGENDA ITEMT401
• CITY OF LODI
COUNCIL COMMUNICATION
TM
AGENDA TITLE: Adopt Resolutions Approving Fiscal Year 2011/12 Mid -year Budget Adjustments
MEETING DATE:
PREPARED BY:
February 15,2012
Deputy City Manager
RECOMMENDED ACTION: Adopt resolutions approving Fiscal Year 2011/12 mid -year budget
adjustmentsto:
1. Recognize additional revenues and/or appropriate funds for the following:
a. Parks, Recreation and Cultural Services
b. Public Safety Special Revenue Fund
c. Library Fund
d. Vehicle Replacement Fund
2. Appropriate General Fund Unreserved fund balance as follows:
a. Fund buy-out of Compensating Time Off balances for public safety
b. Write-off receivables associated with RedevelopmentAgency activities
c. Fund the remaining liability for the Dean Family Trust property purchase
d. Fund a reserve for Fire Station 2 replacement
BACKGROUND INFORMATION: Staff has presented informationto the City Council in Shirtsleeve
meetings on January 24 and February 7,2012. The meeting of
January 24 presented staff estimates of revenues. The meeting of
February 7 presented staff estimates of expenses/expenditures.
General Fund:
Revenue estimates for the General Fund are slightly lowerthan projected at initial budget adoption. No
budgetary adjustments are proposed for revenue at this time. Overall, revenue estimates are expected
to be $73,000 lowerthan initially budgeted. Total General Fund estimated revenue is $41,182,451.
The primary General Fund revenue sources are property taxes, sales taxes, PILOT, transfers from other
funds and vehicle license fees. Combined, these five revenue sources are expected to account for
approximately $33.5 million or almost 81 percent of General Fund revenue. The estimate is about
$126,000 lowerthan the amount originally budgeted for these accounts. On the bright side, card room
fees and a one-time correction of prior year agriculture lease revenue offsets the lowered revenue
estimates above. Other accounts show variances that account for the revenue shortfall of $73,000 noted
above.
APPROVED:
Bartlam, City Manager
At a department level, all departments are projected to show a savings against budget, except Economic
Development. The overage in Economic Development is related to a catch-up payment related to Visit
Lodi! associated with Transient Occupancy Tax collectionsfor the prior fiscal year and unbudgeted costs
associated with the Fireworks Task Force. The costs associatedwith the Fireworks Task Force are fully
funded. The table below shows the departmental variances within the General Fund.
Total savings against budget is $325,180 and is attributed to a variety of items. Salary and benefits
savings amount to approximately $693,000 and are attributable to vacant positions and changes in
medical costs. Utilities are showing a savings of approximately $68,000. Services and supply accounts
are estimated to be $193,000 higher than budget, mostly from increased vehicle repair/maintenance
costs and usage of agency temporary services. Variances in other accounts are in excess of budget by
about $240,000. The other accounts include transferring $220,000 of savings originating within the
Police Departmentto the Vehicle Replacement Fund to replace up to six units that have reached their
useful lives.
Parks, Recreation and Cultural Services
This is the first year for the consolidated Parks, Recreation and Cultural Services (PRCS) fund.
Projected revenues are as estimated in the initial budget. Expenditures are estimated to exceed the
current appropriations by about $140,000, but remain within the current year revenue stream. In the
consolidation process, the appropriation for the recreation instructors was not included in the original
budget ($85,000). Additionally, the initial appropriation for part-time staff throughout the department was
underestimated. Additional appropriations of about $109,000 are necessary to fund the part-time staff
requirements. Offsetting these increases are savings associated with medical costs, service and supply
accounts and equipment accounts. Net appropriation increase for this fund is $139,662.
Public Safety Special Revenue Fund
In the Governor's 2011/12 budget, cities were initially told that COPS grant funds would not be available.
Accordingly, the City did not budget for this revenue source. Very late in the budget cycle, COPS grant
funds were restored by shifting a General Fund revenue source to the restricted COPS Grant revenue
source. Additionally, the Police Department has been successful in securing other grant revenue
sources that were not included in the original budget. Council is requested to recognize the additional
revenue sources totaling $162,555 and to appropriate $152,316 toward current year expenditures.
Library Fund
Although the State eliminated many grant -revenue sources to libraries in their 2011/12 budget, the
Library staff has been very successful in seeking and receiving grants and donations to fund its
operations. Council is requested to recognize the additional revenue sources totaling $29,900 and
appropriate $11,050 toward current year expenses.
Budget
Estimate Budget
City Attorney
$445,9401
$418,343
($27,597)
City Clerk
$511,970
$485,005
($26,965)
City Manager
$411,050
$409,395
($1,655)
Economic Development
$568,350
$588,044
$19,694
Fire
$9,320,840
$9,317,474
($3,366)
Internal Services
$3,369,640
$3,265,690
($103,950)
Non Departmental
$9,067,890
$8,992,828
($75,062)
Police
$16,000,270
$15,926,523
($73,747)
Public Works
$1,559,390
$1,526,858
($32,532)
Total
$41,255,340
$40,930,160
($325,180)
Total savings against budget is $325,180 and is attributed to a variety of items. Salary and benefits
savings amount to approximately $693,000 and are attributable to vacant positions and changes in
medical costs. Utilities are showing a savings of approximately $68,000. Services and supply accounts
are estimated to be $193,000 higher than budget, mostly from increased vehicle repair/maintenance
costs and usage of agency temporary services. Variances in other accounts are in excess of budget by
about $240,000. The other accounts include transferring $220,000 of savings originating within the
Police Departmentto the Vehicle Replacement Fund to replace up to six units that have reached their
useful lives.
Parks, Recreation and Cultural Services
This is the first year for the consolidated Parks, Recreation and Cultural Services (PRCS) fund.
Projected revenues are as estimated in the initial budget. Expenditures are estimated to exceed the
current appropriations by about $140,000, but remain within the current year revenue stream. In the
consolidation process, the appropriation for the recreation instructors was not included in the original
budget ($85,000). Additionally, the initial appropriation for part-time staff throughout the department was
underestimated. Additional appropriations of about $109,000 are necessary to fund the part-time staff
requirements. Offsetting these increases are savings associated with medical costs, service and supply
accounts and equipment accounts. Net appropriation increase for this fund is $139,662.
Public Safety Special Revenue Fund
In the Governor's 2011/12 budget, cities were initially told that COPS grant funds would not be available.
Accordingly, the City did not budget for this revenue source. Very late in the budget cycle, COPS grant
funds were restored by shifting a General Fund revenue source to the restricted COPS Grant revenue
source. Additionally, the Police Department has been successful in securing other grant revenue
sources that were not included in the original budget. Council is requested to recognize the additional
revenue sources totaling $162,555 and to appropriate $152,316 toward current year expenditures.
Library Fund
Although the State eliminated many grant -revenue sources to libraries in their 2011/12 budget, the
Library staff has been very successful in seeking and receiving grants and donations to fund its
operations. Council is requested to recognize the additional revenue sources totaling $29,900 and
appropriate $11,050 toward current year expenses.
Vehicle Replacement Fund
As noted earlier under the General Fund discussion, staff is recommending transferring $220,000 of
savings originating in the Police Department to the Vehicle Replacement Fund to provide for the
replacement of up to six units that have reached the end of their useful lives. Council is requested to
recognize the transfer of these funds and appropriate same for expenditure this fiscal year.
2010/11 Unreserved Fund Balance
At the end of 2010/11, the General Fund found itself with an unexpected increase of approximately $1.9
million. This increase was the result of revenues coming in higherthan expected by about $560,000
combined with expenditure savings of about $1.3 million. The combined effect was a one-time increase
to fund balance of about $1.9 million. Staff is recommending that these one-time savings be used to fund
one-time expenses as noted below.
® Fund the buy-out of Compensating Time Off (CTO) balances for Public Safety
As part of the concession agreements with the Fire, Fire Mid -Management, Police, Police Mid -
Management and Dispatch bargaining units, these units agreed to minimize the amount of paid
overtime in exchange for allowing their CTO banks to increase up to a maximum of 480 hours. All
parties recognize that this practice has created operational issues as well as financial issues. As of
the pay period ending January 22, 2012, the aggregate liability of CTO balances for these five
bargaining units is $559,030. Staff is recommending that Council approve buying out this liability
before June 30, 2012 and appropriate $600,000 towards this end.
• Write off RedevelopmentAgency Advances and Expenses
The City has had two failed attempts at creating a project area for redevelopment. I n the last State
budget, redevelopment agencies were dissolved. The City General Fund is carrying a receivable in
the amount of $316,480 that had been expected to be funded by tax increment funds had a project
area been established. Additionally, $326,592 has been spent out of City pooled funds that need to
be written off. In total, $643,072 must be written off related to the Redevelopment Agency. Staff is
recommending that Council approve writing off these receivables and appropriate $643,072 for this
purpose.
i Fund the remaining liability for the Dean Family Trustproperty purchase
The City purchased property from the Dean Family Trust when the new Public Safety building was
built. The City set aside funds to cover the initial term of the agreement. The original agreement has
been extended twice, but additional funding has not been added to cover the additional time. There
is currently $185,000 remaining of the original funds. The liability under the current extension is
$322,115. Staff is recommending that $138,000 be transferred from the General Fund to the Capital
Outlay fund to fully fund this liability.
® Fire Station 2 Reserve
Council has been made aware of the current living conditions at Fire Station 2 and has appropriated
$300,000 in the 2011/12 budget toward resolution. Staff believes that final resolution will cost
substantially more than the current appropriation. Staff is recommending that an additional amount of
$500,000 be transferred to the Capital Outlay fund and designated for the replacement of Fire Station
2.
The above four items total $1,881,072 and staff is recommending that General Fund reserves be
appropriated as noted above.
FISCAL IMPACT: General Fund: Reduce Salary and Benefit appropriations in Police and increase
Transfer Out to the Vehicle Replacement Fund by $220,000; no net impact on
appropriations. Reduce General Fund reserves and increase appropriations by
$1,881,072.
Parks, Recreation and Cultural Services: Increase appropriations by $139,662.
Public Safety Special Revenue Fund: Increase estimated revenue by $162,555
and appropriations by $152,316.
Library Fund: Increase estimated revenue by $29,900 and appropriations by
$11,050.
Vehicle Replacement Fund: Increase Transfer In and appropriations by
$220,000.
FUNDING AVAILABLE: General Fund reserves were derived from one-time savings and revenues
in 2010111, Other funds revenue sources consist of current year revenues
or grant sources that have been secured in the current year.
'4c,-t�
J&6 -an Avers —
Deputy City Manager
JAlja
RESOLUTION NO. 2012-12
A RESOLUTION OF THE LODI CITY COUNCIL,
AMENDING THE CITY OF LODI FINANCIAL PLAN
AND BUDGET FOR THE FISCAL. YEAR BEGINNING
JULY 1, 2011 AND ENDING JUNE 30, 2012
WHEREAS, the City Council adopted a balanced Financial Plan and Budget for Fiscal
Year 2011/12 on June 1, 2011; and
WHEREAS, the adopted 2011/12 Financial Plan and Budget was prepared in
accordance with the City Council's goals, budget assumptions, and policies; and
WHEREAS, revisions to the adopted 2011112 Financial Plan and Budget are necessary
to address additional revenues, operating changes, and expenditure estimates.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lodi does
hereby revise the adopted 2011/12 Financial Plan and Budget as follows:
1. Approve the additional appropriation of funds in the amount of $139,662 within
the Parks, Recreation and Cultural Services Fund to increase appropriations for
part-time staff salary and recreation instructors as noted on the attached
Appropriation Adjustment form.
2. Approve increases to revenues in the amount of $162,555 and appropriations in
the amount of $152,316 within the Police Special Revenue Fund to recognize
grant revenue and associated expenditures for grants not included in the original
budget approval, as noted on the attached Appropriation Adjustment form.
3. Approve increases to revenues in the amount of $29,900 and appropriations in
the amount of $11,050 within the Library Fund to recognize grant and donations
revenue and associated expenditures for grants and donations not included in
the original budget approval, as noted on the attached Appropriation Adjustment
form.
4. Approve increases to revenues and appropriations in the amount of $220,000
within the Vehicle Replacement Fund to fund the replacement of up to six units
for the Police Department.
Dated: February 15, 2012
hereby certify that Resolution No. 2012-12 was passed and adopted by the City
Council of the City of Lodi in a regular meeting held February 15, 2012, by the following votes:
AYES: COUNCIL MEMBERS — Hansen, Johnson, Katzakian, Nakanishi, and
Mayor Mounce
NOES: COUNCIL MEMBERS —None
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS—Nonce)
RA JOHL
City Clerk
2012-12
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•Intemal Services Dept.Bud..-tBud.qet Division
i i •
Please provide a description of the project, the total cost of the project, as well asjustification for the
requested adjustment. Ifyou need more space, use an additional sheet and attach to this form.
Mid Year 2011/12 BudgetAdjustments
a Increase appropriations for Recreationinstructors and part-time staff in the PRCSdepariment
b. Increase estimated revenuesfor restored COPS grant and omer grants received since budget adoption and appropriate estimated 2011/12
c Increase estimated revenuesfor grants received since budget adoption and appropriate a portion of Same toward book purchases
d. Recognize additional transfer from Police Departmentand appropriate funds for replacementof six vehicles
If Council has authorized the appropriation adjustment, complete the following:
Meeting Date: 2115/12 Res No: Attach copy of resolution to this form.
Department Head Signature:
Deputy City Managerllntemat Services Manager
Submit wmpleted form b the Budget Divisionwith any required documentation.
Final approval wilI be provided in electronic copy format.
FUND #
BUS. UNIT #
ACCOUNT #
ACCOUNT TITLE
AMOUNT
A.
SOURCE OF
FINANCING
a. 347
3205
Unreserved Fund Balance
$
139,662.00
b. 235 5605 Police State Safety Grant $
100,000.00
234 5566 Local Law Enf Block Grants $
62,555.00
C. 210 5651 Grants $
29,900.00
d. 120 6341 Revenue by Transfer $
220,000.00
B.
USE OF
FINANCING
a. 347
347219
7323
Professional Services
$
85,000.00
347 347313 7103 Part Time Sala $
54,662.00
b. 230 2301201 7306 Safety Equipment $
73,000.00
234 2341205 7718 Grant Equipment $
55,000.00
235 2351001 7718 Grant Equipment $
34,555.00
C. 210 210801 7308 Books and periodicals $
11,050.00
d. 120 1201031 7851 Vehicles and Equipment $
220,000.00
Please provide a description of the project, the total cost of the project, as well asjustification for the
requested adjustment. Ifyou need more space, use an additional sheet and attach to this form.
Mid Year 2011/12 BudgetAdjustments
a Increase appropriations for Recreationinstructors and part-time staff in the PRCSdepariment
b. Increase estimated revenuesfor restored COPS grant and omer grants received since budget adoption and appropriate estimated 2011/12
c Increase estimated revenuesfor grants received since budget adoption and appropriate a portion of Same toward book purchases
d. Recognize additional transfer from Police Departmentand appropriate funds for replacementof six vehicles
If Council has authorized the appropriation adjustment, complete the following:
Meeting Date: 2115/12 Res No: Attach copy of resolution to this form.
Department Head Signature:
Deputy City Managerllntemat Services Manager
Submit wmpleted form b the Budget Divisionwith any required documentation.
Final approval wilI be provided in electronic copy format.
RESOLUTION NO. 2012-13
A RESOLUTION OF THE LODI CITY COUNCIL
AMENDING THE CITY OF LODI 2011112 FINANCIAL
PLAN AND BUDGET BY APPROVING $1,881,072
APPROPRIATION DRAWING DOWN GENERAL FUND
FUND BALANCE
WHEREAS, the City Council adopted a balanced Financial Plan and Budget for
Fiscal Year 2011112 on June 1, 2011; and
WHEREAS, the adopted 2011112 Financial Plan and Budget was prepared in
accordance with the City Council's goals, budget assumptions, and policies; and
WHEREAS, the audited financial statements for the City for the year ended June
30, 2011, reflected an increase in the General Fund fund balance of $1,894,642; and
WHEREAS, the source of the increased fund balance is primarily from one-time
revenue increases and one-time expenditure reductions; and
WHEREAS, staff has identified one-time uses for the increased fund balance as
noted below:
1. Fund the buy-out of Compensating Time Off balance for Public Safety
(up to $600,000)
2. Fund the write-off of Redevelopment Agency advances and expenses (up
to $643,072)
3. Fund the remaining liability for the Dean Family Trust purchase (up to
$138,000)
4. Add funding to the Fire Station 2 Reserve (up to $500,000).
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lodi
does hereby amend the adopted 2011112 Financial Plan and Budget by approving the
attached Appropriation Adjustment, which draws down General Fund fund balance in
the amount of $1,881,072 and appropriates such funds for the four purposes noted
above.
Dated: February 15, 2012
I hereby certify that Resolution No. 2012-13 as passed and adopted by the City
Council of the City of Lodi in a regular meeting held February 15, 2012, by the following
votes:
AYES: COUNCIL MEMBERS— Hansen, Johnson, Katzakian,
Nakanishi, and Mayor Mounce
NOES: COUNCIL MEMBERS — None
ABSENT: COUNCIL MEMBERS— None
ABSTAIN: COUNCIL MEMBERS—None
R JOHL
City Clerk
2012-13
1 AAit
2. JV#
Please provide a description of the project, the total cost of the project, as well as justification for the
requested adjustment. ifyou need more space. use an additional sheet and attach to thla form
Appropriating Unreserved Fund Balanceto:
a Buyout Compensating Time Off balances for Police, Police Mid -Management. Fire, Fire Mid -Management and Dispatch units
b. Transfer funds from the General Fund to the Redevelopment Agency Fund and write off accumulated expenses
c Transfer funds to the Capital Outlay Fund to fund the remaining liabilityfor the Dean FamilyTrust property purchase
d. Transfer additional funding to the Capital 0 Way Fund designated for Fire Station 2
If Council has authorized the appropriation adjustment,
Meeting Date: 2/15/12 R s No: Attach copy of resolutionto this form.
Department Head Signature:
Deputy C iManagerllntemal Services Manager Date
Submit completed form to the Budget Division with any required documentation
Final appmvalwill to pmvided in electronic copy format.
2011/12 Mid -Year Budget
Review
City Council Meeting
February 15, 2012
Economic Climate
. City revenues holding their own
. Property tax dropped less than Assessor
initially projected (3.4% vs 4.0%)
. More than our 2.0% estimated decline
. Foreclosures lower than surrounding areas
. Unemployment tracks State,, not San
Joaquin County
. Sales tax slightly higher than budget
2
General Fund
(before proposed use of Reserves)
General Fund
Fund Balance
Beginning Fund Balance Unreserved
Revenues
Expenditures
Net Difference (Revenues Less Expenditures)
Fund Balance
Ending Fund Balance Unreserved
Audited
Estimated
Budget to
2010-11
2011-12 2011-12
Est. Actuals
Actuals
Budget Actuals
Variance
3,896,576 3,961,428 5,597,678 1,636,250
41,889,230 41,255,340
40,188,128 41,255,340
1,701,102 -
41,182,451
(72,889)
40,930,160
(325,180)
252,291
252,291
5,597,678 3,961,428 5,849,969 1,888,541
3
Departmental Variances
Department
2011/12 Budget
2011/12
Estimate
Over/ (Under)
Budget
City Attorney
$4452940
$4182343
($27,597)
City Clerk
$5119970
$4859005
($26,965)
City Manager
$411,050
$409,395
($1,655)
Economic Development
$568,350
$588,044
$199694
Fire
$9,320,840
$9,3179474
($3,366)
Internal Services
$3,3699640
$39265,690
($1039950)
Non Departmental
$99067,890
$89992,828
($759062)
Police
$16,000,270
$151926,523
($73,747)
Public Works
$1,559,390
$19526,858
($329532)
Total
$41,255,340
$40,930,160
($325,180)
0
Parks, Recreation & Cultural
Services
Parks, Recreation & Cultural Svcs Fund
Fund Balance
Beginning Fund Balance Unreserved
Revenues
Expenditures
Net Difference (Revenues Less Expenditures)
Fund Balance
Ending Fund Balance Unreserved
Audited
Estimated
Budget to Est.
2010-11
2011-12 2011-12
Est. Actuals
Actuals
Budget Actuals
Variance
(506,981)
(514,128)
(846,381) (332,253)
3,454,406
5,955,390
5,955,390 -
3,793,806
5,785,940
5,925,602 139,662
(339,400)
169,450
29,788 (139,662)
(846,381) (344,678) (816,593) (471,915)
5
Parks, Recreation & Cultural
Services Variances
. Costs for recreation instructors not in original
budget ($85,,000)
. Part-time staff usage over budget by
$109,F000
. Offsetting savings in medical costs, service
and supply for child care program and fuel
and lubes for equipment
. Increase appropriation by $139,F662
0
Police Special Revenue Fund
Police Special Revenue Fund
Fund Balance
Beginning Fund Balance Unreserved
Revenues
Expenditures
Net Difference (Revenues Less Expenditures)
Fund Balance
Ending Fund Balance Unreserved
Audited
Estimated
Budget to Est.
2010-11
2011-12 2011-12
Est. Actuals
Actuals
Budget Actuals
Variance
223,572
296,173
203,034
(93,139)
388,541
166,730
329,285
162,555
409,079
252,655
404,971
152,316
(20,538)
(85,925)
(75,686)
10,239
203,034 210,248 127,348 (82,900)
7
Police Special Revenue Fund
Variances
• Revenue
. COPS Grant (not budgeted) ($100k)
. Law Enforce Block Grant ($41k)
. State Special Grants ($26k)
• Expenditures
. Asset seizure expenses ($73k)
. JAG grant expenses ($52k)
. Avoid the 10 expenses ($16k)
. Sobriety Checkpoint expenses ($10k)
. Increase Estimated Revenue ($162,555) and
Appropriations ($152,316)
Library
9
Audited
Estimated
Budget to Est.
2010-11
2011-12
2011-12
Est. Actuals
Actuals
Budget
Actuals
Variance
Library Fund
Fund Balance
Beginning Fund Balance Unreserved
49,996
53,139
56,458
3,319
Revenues
1,456, 696
1,400,720
1,430,620
29,900
Expenditures
1,450,234
1,434,950
1,446,000
11,050
Net Difference (Revenues Less Expenditures)
6,462
(34,230)
(15,380)
18,850
Fund Balance
Ending Fund Balance Unreserved
56,458
18,909
41,078
22,169
9
Library Variances
. Revenue
. Grants ($32k)
. Fines and Fees ($4k)
. Donations($5k)
. Expenditures
. Books ($11k)
. Increase Estimated Revenue ($29,900)
and Appropriations ($11,,050)
10
Vehicle Replacement Fund
11
Audited
Estimated
Budget to Est.
2010-11
2011-12
2011-12
Est. Actuals
Actuals
Budget
Actuals
Variance
Vehicle and Equipment Replacement Funds
Fund Balance
Beginning Fund Balance Unreserved
2,143,899
2,285,570
2,326,360
40,790
Revenues
413,614
401,250
621,250
220,000
Expenditures
231,153
345,552
565,533
219,981
Net Difference (Revenues Less Expenditures)
182,461
55,698
55,717
19
Fund Balance
Ending Fund Balance Unreserved
2,326,360
2,341,268
2,382,077
40,809
11
Vehicle Replacement Fund
. Increase Estimated Revenue and
Appropriations by $220,000
. Additional funds transferred from Police to
fund additional replacements in the current
year
12
2010/11 Unreserved Fund
Balance
. Audit for FY 2010/11 showed increase
to General Fund Unreserved Fund
Balance of about $1.9 million
. Derived from:
. Revenue increases of $560,,000
. Expenditure savings of $1.3 million
13
Proposed Uses
. Propose using one-time funding for
one-time uses
. Four proposals totaling $1,,881,,072
14
Proposed Use 1
. Buy-out Compensating Time Off
balances for Public Safety ($600,000)
. Increased balances due to concessions
. Police Department ($392,000)
. Fire Department ($208,000)
. Eliminates liability
15
Proposed Use 2
. Write off Redevelopment Agency
Expenses ($643,072)
. Carrying receivable that was expected to
be paid by tax increment funds
. State elimination of Redevelopment
Agencies makes it clear that funding will
not materialize
16
Proposed Use 3
. Fund Dean Family Trust property
purchase ($138.,000)
. Funding set aside for initial purchase
. Extended twice
. Additional funding required through 2017
17
Proposed Use 4
. Establish additional Fire Station 2
Reserves ($500,000)
. $300,,000 set aside in FY 2011/12 budget
. Additional funding expected to be needed
IN
General Fund
(after proposed use of Reserves)
General Fund
Fund Balance
Beginning Fund Balance Unreserved
Revenues
Expenditures
Net Difference (Revenues Less Expenditures)
Fund Balance
Ending Fund Balance Unreserved
Audited
Estimated
Budget to
2010-11
2011-12 2011-12
Est. Actuals
Actuals
Budget Actuals
Variance
3,896,576 3,961,428 5,597,678 1,636,250
41,889,230 41,255,340
40,188,128 41,255,340
1,701,102 -
41,182,451
(72,889)
42,811,232
1,555,892
(1,628,781)
(1,628,781)
5,597,678 3,961,428 3,968,897 7,469
19
Action Requested
• Adopt resolution recognizing additional revenues
and/or appropriating tunds for:
• Parks, Recreation & Cultural Services
• Police Special Revenue Fund
• Library Fund
• Vehicle Replacement Fund
• Adopt resolution appropriating General Fund
Unreserved Fund Balance to:
• Fund CTO buy-outs
• Write off Redevelopment Agency receivables
• Fund Dean Family Trust purchase liability
• Fund additional Fire Station 2 Reserve
20
Questions?