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Home My WebLink AboutMinutes - May 19, 2009 SSLODI CITY COUNCIL SHIRTSLEEVE SESSION CARNEGIE FORUM, 305 WEST PINE STREET TUESDAY, MAY 19, 2009 A. Roll Call by City Clerk An Informal Informational Meeting ("Shirtsleeve" Session) of the Lodi City Council was held Tuesday, May 19, 2009, commencing at 7:02 a.m. Present: Council Member Hitchcock, Council Member Johnson, Mayor Pro Tempore Katzakian, Council Member Mounce, and Mayor Hansen Absent: None Also Present: City Manager King, City Attorney Schwabauer, and City Clerk Johl B. Topic(s) B-1 General Presentation -Fiscal Year 2009/2010 General Fund Revenue Estimates and Various Funds' Fund Balance Estimates (CM) City Manager King provided a PowerPoint presentation regarding the fiscal year 2009-10 Draft Budget General Fund Revenue Estimates. Specific topics of discussion included unemployment rates in March, poor job market, sales tax in decline, steep drop in retail sales, business closures, 13 -year sales history, businesses hurting, property values declining, little home buying, State woes, Educational Revenue Augmentation Fund (ERAF) shift, fiscal sustainability, average general fund revenues, general fund reserve history, City policy regarding reserves, general fund by major sources, general fund history, property tax, property tax per capita, property tax distribution, sales and use tax, sales tax per capita, in -lieu franchise for electric (PILOT), in -lieu vehicle license fees (VLF), business license tax, transient occupancy tax (TOT), cable television franchise, natural gas franchise, fund balances, and department overviews of 2009-10 budget. In response to Mayor Hansen, Mr. King stated the VLF used to be 1 % and the current difficulty lies with both the back fill amount and the amount the State is charging to do the backfill. In response to Council Member Mounce regarding Stephen Qualls' email requesting the City Council contact legislators, Mr. King stated the City Council does have scheduled at the next Council meeting for adoption a formal resolution opposing State take aways from local government. In response to Council Member Johnson, Mr. King stated he is not sure how quickly the State will act if the propositions on the special election ballot do not pass as it is difficult to predict what the State will do and when. In response to Mayor Hansen, Mr. King stated the proposed change to the State budget represents about $6 billion if the propositions do not pass, with an additional amount for the gap through February. Council Member Mounce stated it is her understanding that the Governor does have two budgets ready to go: one if the propositions pass and one if they do not, which is of real concern to cities. In response to Council Member Mounce, Mr. King stated the electric reserve for Lodi still remains below the average in comparison with other agencies and may be a consideration if the State takes away additional funding from the City. Council Member Mounce requested a listing of electric reserves for other agencies. Continued May 19, 2009 In response to Mayor Pro Tempore Katzakian, Mr. King stated the sales tax numbers for the in - lieu VLF is reflective of both County numbers and per capita numbers. In response to Mayor Hansen, Mr. King stated staff is hopeful that the VLF number may go up if the dispute with the State over the amount and administration fee is resolved. In response to Mayor Hansen, Mr. Bartlam stated the new Holiday Inn Express is under construction and a completion date is not yet available. In response to Council Member Hitchcock, Mr. King stated staff is trying to be conservative with the budget based on what are realistic numbers for projections, without being overly conservative. Mr. King stated with respect to TOT numbers, Visit Lodi is using some of the same numbers and, while the Hampton Inn is rack rate based, the Holiday Inn Express is occupancy based. In response to Mayor Hansen, Mr. King stated the City does not receive TOT from Flag City hotels as it goes to the County, but a bid assessment does go to the Lodi Conference and Visitors Bureau. In response to Mayor Hansen, Deputy City Manager Jordan Ayers stated receipts for Flag City show about $130,000 is revenue for both hotels for approximately a month. In response to Council Member Mounce, Mr. Schwabauer stated the agreement with Flag City created about $60,000 for the Conference and Visitors Bureau through the assessment. In response to Mayor Hansen, Mr. King confirmed that Universal AT&T is the second cable company that pays the City a franchise fee other than Comcast. In response to Mayor Hansen, Mr. Schwabauer stated a trench cut ordinance was previously considered by the City but it was not a priority. Mr. Schwabauer stated an additional 1 % infrastructure fee could be charged to the cable companies. In response to Council Member Mounce, Mr. Schwabauer stated the Legislature declared that AT&T cannot red line, although the legislation has no enforcement teeth so the practice continues. In response to Mayor Hansen, Mr. Schwabauer confirmed that Universal AT&T is already an up and running cable company. In response to Mayor Hansen, Mr. King stated the price of natural gas is going down which is the reason the corresponding number went down in the budget. In response to Council Member Hitchcock, Mr. Schwabauer stated in 2008-2009 the gas prices went up due to events such as Katrina. In response to Council Member Hitchcock, Mr. King stated for Police the department percentage compared to other departments increased, but the raw dollars decreased. In response to Council Member Hitchcock, Mr. King stated the $21,000 increase in non - departmental refers generally to transfers and debt service, which remains fixed although other numbers may fluctuate some. In response to Mayor Hansen, Mr. Bartlam stated there have been approximately four housing starts this fiscal year. N Continued May 19, 2009 In response to Mayor Hansen, Mr. Bartlam stated remodels and permits are up, however the value of the permits is down. In response to Council Member Johnson, Mr. King stated the Library Trust Fund numbers are included in the Library Fund. In response to Mayor Hansen, Mr. King stated for the Library the air conditioning was put in, remodel is continuing, new checkout counter is on its way, and there were some additional contributions to the youth area. In response to Mayor Hansen, Mr. King stated Proposition 42 was enacted approximately seven years ago and the City has seen funds from that source perhaps once or twice at the most. In response to Mayor Hansen, Mr. King confirmed the City Council could as policy strategically remove mistletoe infested trees in designated areas as opposed to other trees. In response to Council Member Hitchcock, Mr. King confirmed the tree trimming contract is approximately $40,000. In response to Mayor Hansen, Mr. King stated the next street project is anticipated to start in August or September based on CalTrans desire to pothole along the railroad line for toxic substances. In response to Mayor Hansen, Mr. Morrow stated the City should see some federal stimulus money in the next 90 days or so, on June 3 staff will be bringing forth some economic stimulus projects for Council consideration, and the application is due June 26. In response to Council Member Hitchcock, Mr. King stated economic stimulation is coming through predesignated programs, such as the Justice Assistance Grant and Community Oriented Policing Services grants, and there is no general assistance coming for cities. In response to Council Member Johnson, Mr. King stated the Department of Justice grant was initially based on crimes and population; although, later everyone in the County had to come together and decide within one month as to how the funding would be split. Mr. King stated the energy grant was based on per capita numbers. In response to Council Member Hitchcock, Mr. King stated the stimulus money could be used for projects, and not necessarily operations, and there is a problem with not knowing how much money will be received or when. In response to Council Member Hitchcock, Mr. King stated he is not aware of any guaranteed money from the stimulus programs other than police, although the amount will not be received until September. He stated that money will likely be used to fill vacancies. In response to Council Member Hitchcock, Mr. King stated that, while the City expects to retain its range of services, the service levels will likely decline. Mr. King stated the services that may decline could include browning out an engine, a response with a truck or engine rather than both, delayed report generation in Police, and a continuation of the Friday Library closure. In response to Mayor Hansen, Mr. King stated a summary of the service level reductions will be incorporated into the budget departmental presentations. C. Comments by Public on Non -Agenda Items Continued May 19, 2009 Myrna Wetzel asked staff to look into the dying trees on Church Street between Kettleman Lane and the Vine/Tokay Street area. D. Adjournment No action was taken by the City Council. The meeting was adjourned at 8:24 a.m. ATTEST: Randi Johl City Clerk E Ah CITY OF LODI COUNCIL COMMUNICATION M AGENDA TITLE: General Presentation— Fiscal Year 2009/2010 Genbral Fund Revenue Estimatesand Various Funds' Fund Balance Estimates MEETING DATE: May 19,2009 PREPARED B Y City Manager RECOMMENDED ACTION: Receive presentation — Fiscal Year 2009/2010 General Fund Revenue Estimates and Various Funds' Fund Balance estimates. BACKGROUND INFORMATION: The Fiscal Year 2009/2010 Financial Plan and Budget has been provided to the City Council. A presentation will be made at the May 201" Regular Council Meeting. In the context of a Shirtsleeve Meeting, an informal presentation concerning General Fund revenues and the estimated balances of other various funds will be presented on May 19th. 5 Blair King, City Man er APPROVED: Blair King, GiWanager FY 2009/10 Draft Budget General Fund Revenue Estimates Lodi City Council May 19, 2009 Unemployment rates in March Lodi San Joaquin County Stockton California 12.5% 16.4% 19.7% 11.2% 50,800 unemployed people looking for work in San Joaquin County Source: California Economic Development Department, March 2009 figures 25 20 15 10 5 0 }i i lai }i i lai }i i lai e -Y lai Month Unemployment rates, Jan. 2005 -March 2009 Lodi Stockton S J C State • 16.8% year -over -year decline for fourth quarter of calendar year 2008 OF Sales tax in decline TxC�CALIFORNIA SALES TAX YEAR OVER YEAR PERCENT CHANGE Percent Change 20.00% 16.00% 12.00% 4.00% 0.00% -4.000/o -8.00°,6 Steep drop in retail sales ORMUNER k AWRIA ".2%, 1■�1� �1 • Geweke Chrysler/Dodge/Kia • Geweke RV • Plummer Cadillac/GMC • Mervyns • Ace Hardware • Carrow's • Mr. Pickles • Party World • Frames & Fine Things • Flower Shop CITY OF LODI MAJOR INDUSTRY GROUPS -'13 YEAR HISTORY er v vru n.s. Acijustad by moving retroactive payments with an absolute value of $5,000 or more Into the quarter the sale was generated Chart Descr#on. This chart compares sales tax for the Major Industry Groups. The prior 92 fiscal years are shown graphicaNy for historical reference purposes. Allocations have heen adjusted to reflect economic data. S Industry Groups Years Shown Reflect the Period in Which the Sales Occurred - Point of Sale lThousends] t,sa0 General CmmmerGaotk , / 1% ooneb=air 0_ a�rrr 00 r 1.820 rrrr�0rr° 00 aullem-247 1A40 aaueb-35 .... • ■ 000/ ■ t.ze° 8=near MdIn!-:1! - 0 ■ otdeh=953 go ■ 000 1 A00 8uidingM. ConshucW 00■ 00_ � `1 011tleb=94 �•�•� �� r' .7777 Padawanb And H°Ee1s . r. r r ■ r � • ■ ■ n ■ ■ 7! OutlCl5=188 err7./700 +r rrr r�rrr+rr�;rr ;•}.r..■r■��r 720 rtiPrr:: r FoodAd0mg5 0 nnnnnnuennnn dw{ r...r..r.r!•r rur 540 oullels=B5 /�I+ ��'�'••■■. n,mnmm�'nnmrummm�mnn�u'un' rr'�`r"'ejnNrrrnPenm■umnnuunwr Yr�......mmnw nnnnn rrnnr, rr 360 MCI Fiscal Year 96!97 971'98 90799 991N 001'01 01102 02M 03704 64106 05106 06707 071,08 06,109 Sales tax revenue nearly at 2001 levels MPCITY OF LODI MAJOR INDUSTRY GROUPS - 13 QUARTER HISTORY Aqu§M by WW" ne"Clto payM& is WtOk W aneauta vawa of SUM er mdn mmdhe quvwtho aiewus pM(a%d Chert Aesmp7om This drartmmpaw salsa tax for tFe dAajwkmka y Graupx The prig 12querkm are ahown_gWhwafly farhiawwal reference purposes. Alfocadions have Ween a*sted to reflect econorrdc dada. 8 lnduspy Groups Clwrbra ShoNm ROW 1iw Pedod kl Which the Sales Gcwrrsd - Pah[ oTSwk [n+ouarrttdal 700 Generel Go�aana Gwds AAre'e-987 wreu•rr � �r�� \ au,�aa.aMdNdusty of 00■ ae7ieuranatiae iiotey _ _ o�r�=iae Fueiand8emw8t*m 1), ah=36 Buil*-g MdC4-tvdu Wmeh•9r �.�r�.�� , iOukb `r�..� �rrr...r..... rr ox 13 quarter trend: 960 Down 18.3 percent 480 ��■!!!��■ 426 .�. rr rrLrarr+; ++• rr ifA:..•r•wr rrrrr ,r+r,. r �• 710 140 70 Co 1 1 1 v W WWTWWW WW W •Down $640,800 year-to-year in property tax revenue • Value assessments back to 2003 and even earlier New Home Sales and Recessions 1,600 1,400 a 0 1,200 of a� 1,000 En Wm m C $00 600 m C 400 W En 200 pppp ppM W Npppppp 0WNpppp 1G 1� 1r C�4 0�0 ONO C0 0�0 C�0 C�0 C�N Cn CO O 0 C�0 0�0 C7 G7 7 G1 G7 G1 G1 O O O O O O O O C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C C A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A A http://wv,rw.calculatedriskbiog.com/ • Economic plunge • Housing market/mortgage crisis • Credit crunch • Chronic State budget problems • Annual amount diverted: $3,095,166 $3,000,000 $2,500,000 N $2,000,000 L 0 $1,500,000 $1,000,000 $500,000 Educational Revenue Augmentation Fund Funds shifted to schools from City of Lodi S�, SO SP S� �� SP O� o� o`L o"' off` o`' o� OA lz% o� o�` o� o" 01, o1 Oo �o �o �o �o Oo �o Oo �o �0 �.°' �.°' �.°' �.°' �0 0cp 000 00� 000% 00� 000 00� 000 00�" 00� 00� � ti ti ti ti ti ti ti ti ti ti Fiscal Year Fiscal sustainability Source: March 2009 list serve poll of California cities' fiscal officers (72 cities) California cities' General Fund reserve levels 60% 50% 40% 30% 50.0% 20% 29.4% 10% 9.6% 0% Most common Average Lodi Source: March 2009 list serve poll of California cities' fiscal officers (72 cities) General Fund reserve history $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 General Fund reserve City policy: Minimum unrestricted General Fund reserve should equal 15% — $6 million for FY 2009/10 — Anticipated June 30, 2008 figure was $4.5 million (11.3%), actual was $4.2 million (10.5%). — Projected June 30, 2009: $3.8 million (9.6%). — City Council votes for June 30, 2010 reserve goal: • $3.8 million — 3 • $4.2 million — 2 General Fund by major sources Revenue from Operating Transfers In 15% Operating Fees 4°/fl Investments, Licenses & Fines & Forfeitures 1% Charges for Services 1% Other Revenue Tax Revenues 66% Tax Revenues 26,4781675 Operating Transfers In 5,932,983 Revenue from Others 4,681,271 Operating Fees 1,4321032 Investments, Licenses & Permits 520,550 Fines & Forfeitures 384,000 Charges for Services 2461940 Other Revenue 194,450 Grand Total 395870,901 General Fund • Overall decrease of ~$2.4M or 5.6% • Decrease of ~$5.8M since 2007/08 budget • Many revenue sources are reflecting the economic downturn 50,000,000 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 General Fund history Note: HSS and Recreation -specific revenue has been removed from 2008-09 and 2009-10 General Fund — major sources 5011 Property Taxes-CY Secured 8,475,000 5031 Sales & Use Tax 7,479,255 5081 In -lieu Franchise -E. U. 6,976,670 4210 Operating Transfers In 5,932,983 5499 In -lieu - VLF 4,197,771 5036 Business License Tax 975,000 5051 Waste Removal Franchise 941,500 5207 Late Pmt -Utilities 780,000 5361 Rent 449,100 5054 Cable TV Franchise 425,000 5034 Transient Occupancy Tax 411,000 5201 Veh Code -Moving Violation 290,000 5032 Public Safety -Prop 172 266,000 5084 Admin fees-CVW 246,940 5602 Sch Drug Suppression 238,000 5053 Gas Franchise 205,000 6121 Engineering Fees 148,282 5035 Real Prop. Transfer Tax 140,000 Property Tax 12,000,000 9,288,762 9,210,180 10,000,000 9,016,000 8,375,001 8,475,000 8,000,000 6,000,000 4,000,000 2,000,000 0 Actuals Actuals Actuals Budget Estimate 2005-06 2006-07 2007-08 2008-09 2009-10 Property Tax Per Capita Comparison — Budget Amounts FY 2008/09 $180 $159.11 $160 $142.29 $140 $120 $109.39 $105.19 $100 $80 $60 $40 $20 $- Tracy Lodi Stockton Gait Manteca Property Tax • A government levy, on both real and personal property, based on the market value (as assessed by the County Assessor's office) of the property • Proposition 13 placed cities in a position of becoming more dependent on funds from the state. This transferred to the state more power over cities than it otherwise would have possessed • Proposition 8 allows the County Assessor to reduce assessed valuations when market values are lower than assessed values • County Assessor reduced values in 2008/09 and is also reducing assessed values for the 2009/10 fiscal year • 6.4% decrease Property Tax Distribution Taxing Entity % Share City of Lodi General Fund 16.6% LUSD 27.3% SJ County General Fund 22.0% Delta College 3.8% Other 2.6% ERAF 27.7% Sales and Use Tax 12,000,000 9,811,944 10,136,958 10,000,000 9,299,105 8,956,000 8,000,000 7,479,255 6,000,000 4,000,000 2,000,000 0 Actuals Actuals Actuals Budget Estimate 2005-06 2006-07 2007-08 2008-09 2009-10 Sales Tax Per Capita Budget Amounts FY 2008/09 $160 $145.56 $140 $133.19 $138.05 $130.01 $120 $100 $80 $61.56 $60 $40 $20 $- Tracy Lodi Stockton Manteca Galt In -lieu Franchise — Electric (PILOT) PILOT (%) 12.50% 12.00% 11.50% 11.00% 10.50% 10.00% 9.50% 9.00% 2003 2004 2005 2006 2007 2008 In -lieu Franchise — Electric (PILOT) • Municipal utilities are extensions of state and local governments - as such, they are generally not subject to federal or state income taxes • Municipal utilities may provide payments in lieu of taxes (transfers to the general fund and contributions of services to state and local governments) • PILOT is set by formula adopted by the City Council in 2007 • Formula is $6,779,000 plus the annual growth in customers • FY 2009/10 amount includes $500,000 that was waived in 2005 due to difficult economic times for the Electric Utility In -lieu Vehicle License Fees 5,000,000 4,640,000 4,503,172 4,265,591 4,197,771 3,980,281 4,000,000 3,000,000 2,000,000 1,000,000 0 Actuals Actuals Actuals Budget Estimate 2005-06 2006-07 2007-08 2008-09 2009-10 Business License Tax 1,200,000 1,069,401 1,040,830 1,039,000 1,000,000 973,430 975,000 800,000 600,000 400,000 200,000 0 Actuals Actuals Actuals Budget Estimate 2005-06 2006-07 2007-08 2008-09 2009-10 Business License Tax • Business tax is paid at a rate determined by the business classification established by resolution of the City Council • The tax rate for all businesses is set by Resolution of the City Council • The City is seeing a downturn in the number of businesses licensed • City actively searches for unlicensed businesses • Expected reduction of 6.5% Transient Occupancy Tax 600,000 500,000 495,300 476,000 3 400,000 395,947 300,000 200,000 100,000 0 Actuals Actuals Actuals Budget Estimate 2005-06 2006-07 2007-08 2008-09 2009-10 Cable TV Franchise Natural Gas Franchise 300,000 250,000 250,000 200,860 205,378 201,850 205,000 200,000 150,000 100,000 50,000 0 Actuals Actuals Actuals Budget Estimate 2005-06 2006-07 2007-08 2008-09 2009-10 Department 2008109 Ratio 20091'10 Proposed Budget 2009110 Ratio Change 2008109 vs. 2009110 Ratio Change City Clerk 1.35% $548,540 1.38% $29,271 0.03% City Manager 1.39% $538,610 1.35% $9,404 -0.04% City Attorney 1.22% $462,890 1.16% $40,252 -0.06% Internal Services Department 9.44% $3,667,493 9.20% $71,060 -0.24% Non -Departmental 4.50% $2,241,933 5.62% $21,893 1.12% Economic Development 1.24% $477,627 1.20% ($43,865) -0.04% Police 35.84% $14,955,058 37.51% ($766,418) 0.67% Fire 21.99% $87696,662 21.81% ($803,812) -0.18% Public Works 5.82% $1,962,141 4.92% $280,284 -0.90% Parks 5.74% $2,251,918 5.65% $144,189 -0.09% Library 3.45% $1,352,031 3.39% $111,043 -0.06% Community Development 0.54% $213,100 0.53% $17,503 -0.01% Community Center 2.98% $1,166,095 2.92% $95,777 -0.05% Recreation 1.26% $494,132 1.24010 $40,583 -0.02% Streets MOE 2.24°lo $842,671 2.11 % ($108,267) -0.13% Total 100.00% $39,870,901 100.00% ($2,539,835) Audited Audited Estimated 2006-07 2007-08 2008-09 2008-09 2009-10 Actuals Actuals Budget Actuals Budget General Fund Fund Balance (Net Assets) Beginning Fund Balance (Net Assets) Unreserved 3,048,435 4,175,522 4,534,293 4,159,007 3,831,962 Revenues 43,728,599 44,487,632 42,229,193 42,083,695 39,870,901 Expenditures 42,601,512 44,504,147 42,709,952 42,410,740 39,870,901 Net Difference (Revenues Less Expenditures) 1,127,087 (16,515) (480,759) (327,045) - Fund Balance (Net Assets) Ending Fund Balance (Net Assets) Unreserved 4,175,522 4,159,007 4,053,534 3,831,962 3,831,962 General Fund Balance 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Electric Utility Enterprise Fund Fund Balance (Cash) Beginning Fund Balance (Cash) Unreserved Revenues Expenditures Net Difference (Revenues Less Expenditures) Fund Balance (Cash) Ending Fund Balance (Cash) Unreserved Audited Audited 2006-07 2007-08 Actuals Actuals Estimated 2008-09 2008-09 2009-10 Budget Actuals Budget 3,631,402 5,162,284 10,909,302 11,339,624 13,072,819 70,702,774 69,734,050 74,471,805 74,663,718 73,752,410 69,171,892 63,556,710 73,091,069 72,930,523 72,634,564 1,530,882 6,177,340 1,380,736 1,733,195 1,117,846 5,162,284 11,339,624 12,290,038 13,072,819 14,190,665 Electric Utility Enterprise Fund Balance 16, 000, 000 14, 000, 000 12, 000, 000 10, 000, 000 8,000,000 6,000,000 4,000,000 2,000,000 0 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Wastewater Utility Enterprise Fund Fund Balance (Cash) Beginning Fund Balance (Cash) Unreserved Revenues Expenditures Net Difference (Revenues Less Expenditures) Fund Balance (Cash) Ending Fund Balance (Cash) Unreserved Audited Audited 2006-07 2007-08 Actuals Actuals Estimated 2008-09 2008-09 2009-10 Budget Actuals Budget 1,866,805 4,956,069 9,971,095 6,766,472 4,568,929 17,957,059 38,421,977 21,457,272 15,532,196 13,821,930 14,867,795 36,611,574 30,497,223 17,729,739 16,230,611 3,089,264 1,810,403 (9,039,951) (2,197,543) (2,408,681) 4,956,069 6,766,472 931,144 4,568,929 2,160,248 Wastewater Utility Fund Balance 8,000,000 7,000,000 6,000,000 570002000 4,000,000 370002000 2,000,000 1,000,000 0 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Audited Audited Estimated 2006-07 2007-08 2008-09 2008-09 2009-10 Actuals Actuals Budget Actuals Budget Water Utility Enterprise Fund Fund Balance (Cash) Beginning Fund Balance (Cash) Unreserved 946,119 (475,262) 8,953,566 13,434,921 15,761,074 Revenues 11,489,976 23,293,009 13,297,945 14,645,918 14,186,738 Expenditures 12,911,357 9,382,826 15,523,008 12,319,765 12,500,365 Net Difference (Revenues Less Expenditures) (1,421,381) 13,910,183 (2,225,063) 2,326,153 1,686,373 Fund Balance (Cash) Ending Fund Balance (Cash) Unreserved (475,262) 13,434,921 6,728,503 15,761,074 17,447,447 FY 2009/10 Budget Community Development Fund Fund Balance (Net Assets) Beginning Fund Balance (Net Assets) Unreserved Revenues Expenditures Net Difference (Revenues Less Expenditures) Fund Balance (Net Assets) Ending Fund Balance (Net Assets) Unreserved Audited Audited 2006-07 2007-08 Actuals Actuals Estimated 2008-09 2008-09 2009-10 Budget Actuals Budget 78,692 (167,024) (454,604) (702,127) (713,886) 1,821,426 1,479,536 1,615,148 1,367,691 1,478,891 2,067,142 2,014,639 1,628,438 1,379,450 1,210,238 (245,716) (535,103) (13,290) (11,759) 268,653 (167,024) (702,127) (467,894) (713,886) (445,233) Community Development Fund Balance 200,000 100,000 0 -100,000 -200,000 -300,000 -400,000 -500,000 -6002000 -700,000 -800,000 Audited Audited Estimated 2006-07 2007-08 2008-09 2008-09 2009-10 Actuals Actuals Budget Actuals Budget Community Center Fund Fund Balance (Net Assets) Beginning Fund Balance (Net Assets) Unreserved - - - - - Revenues - - 1,938,531 1,943,849 1,859,673 Expenditures - - 1,938,531 1,943,849 1,859,673 Net Difference (Revenues Less Expenditures) - - - - - Fund Balance (Net Assets) Ending Fund Balance (Net Assets) Unreserved Audited Audited Estimated 2006-07 2007-08 2008-09 2008-09 2009-10 Actuals Actuals Budget Actuals Budget Recreation Fund Fund Balance (Net Assets) Beginning Fund Balance (Net Assets) Unreserved - - - - 49 Revenues - - 1,798,838 1,717,115 1,844,318 Expenditures - - 1,763,730 1,717,066 1,844,318 Net Difference (Revenues Less Expenditures) - - 35,108 49 - Fund Balance (Net Assets) Ending Fund Balance (Net Assets) Unreserved - - 35,108 49 49 Recreation Fund Balance 60 50 40 30 20 10 0 2008-09 2009-10 Library Fund Fund Balance (Net Assets) Beginning Fund Balance (Net Assets) Unreserved Revenues Expenditures Net Difference (Revenues Less Expenditures) Fund Balance (Net Assets) Ending Fund Balance (Net Assets) Unreserved Audited Audited 2006-07 2007-08 Actuals Actuals Estimated 2008-09 2008-09 2009-10 Budget Actuals Budget 659,023 659,572 659,885 685,687 79,758 1,664,914 1,764,025 2,200,294 2,271,047 1,453,901 1,664,365 1,737,910 2,826,159 2,876,976 1,419,910 549 26,115 (625,865) (605,929) 33,991 659,572 685,687 34,020 79,758 113,749 Library Fund Balance 800,000 700,000 600,000 500,000 400, 000 300,000 200, 000 100,000 0 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 Street Fund Fund Balance (Net Assets) Beginning Fund Balance (Net Assets) Unreserved Revenues Expenditures Net Difference (Revenues Less Expenditures) Fund Balance (Net Assets) Ending Fund Balance (Net Assets) Unreserved Audited Audited 2006-07 2007-08 Actuals Actuals Estimated 2008-09 2008-09 2009-10 Budget Actuals Budget 5,737,407 6,546,231 4,772,818 7,907,130 8,512,374 5,295,890 5,612,485 4,667,659 5,369,737 3,563,013 4,487,066 4,251,586 8,424,384 4,764,493 3,120,826 808,824 1,360,899 (3,756,725) 605,244 442,187 6,546,231 7,907,130 1,016,093 8,512,374 8,954,561 1 111 111 • 111 111 111 111 . 111 111 . • 111 111 . 111 111 . � 111111 . 111 111 . 111 111 . 111 1 11 1� 11� 1 11 1. 11.1 11 1: 11: 1• 11• 1 Audited Audited Estimated 2006-07 2007-08 2008-09 2008-09 2009-10 Actuals Actuals Budget Actuals Budget Transit Fund Fund Balance [Cash] Beginning Fund Balance (Cash) Unreserved 851,427 213,212 360,309 1,478,458 1,856,155 Revenues 3,355,922 4,923,545 7,002,481 6,873,513 4,232,831 Expenditures 3,994,137 3,658,299 7,338,156 6,495,816 4,070,445 Net Difference (Revenues Less Expenditures) (638,215) 1,265,246 (335,675) 377,697 162,386 Fund Balance [Cash] Ending Fund Balance (Cash) Unreserved 213,212 1,478,458 24,634 1,856,155 2,018,541 Transit Fund Balance 22 500, 000 2,000,000 1,500,000 12 000, 000 500,000 0 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10