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Home My WebLink AboutResolutions - No. 2010-84RESOLUTION NO. 2010-84 A RESOLUTION OF THE LODI CITY COUNCIL ADOPTING THE CITY OF LODI FINANCIAL PLAN AND BUDGET FORTHE FISCALYEAR BEGINNINGJULY 1, 2010 AND ENDING JUNE 30,2011, AND APPROVING THE 2010/11 APPROPRIATIONS SPENDING LIMIT WHEREAS, the City Manager submitted the 2010/11 balanced Financial Plan and Budget to the City Council on May 19,2010; and WHEREAS, the 2010/11 Financial Plan and Budgetwas prepared in accordance with the City Council's goals, budget assumptions, and policies; and WHEREAS, the City Council conducted public budget meetings on April 6, May 5, May 18, May 19, May 25, and June 2,2010, at the Carnegie Forum; and WHEREAS, the City Council is required to adopt the Appropriations Spending Limitfor 2010/11; and WHEREAS, the Appropriations Spending Limit and the annual adjustment factors selected to calculate the Limit are part of the Financial Plan and Budget. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lodi as follows: 1. That the 2010/11 Financial Plan and Budget, as proposed by the City Manager, be approved as follows: Other Funds Electric Utility 76,618,920 Water Utility 11.528.790 Transit 6.113.210 Budget General Fund Police $15,970,480 Fire 9,125,280 Public Works 1,709,690 Parks 2,292,770 City Clerk 606,100 City Manager 564,600 City Attorney 468,150 Internal Services 3,411,600 Economic Development 583,050 Non -Departmental 6,590,030 Total General Fund $41,321,750 Other Funds Electric Utility 76,618,920 Water Utility 11.528.790 Transit 6.113.210 Streets 5,903,360 Community Development 1,065,500 Recreation 2,004,790 Community Center 1,850,570 Library 1,427,930 Transportation Development Act 50,000 Community Dev Block Grant 1,065,500 Public Safety Special Revenue 119,000 Capital Outla 1,727,000 Equip & Vehicle Replacement 198,500 Debt Service 1,673,820 Benefits 6,999,300 Self Insurance 2,803,000 Trust and Agency__ 520,280 Fleet Services 2,052,770 Total Other Funds $138,011,890 Total $179,333,640 3. That the Appropriations Spending Limit be decreased by $1,498,463 from the 2009/10 level of $77,022,286 to the 2010/11 level of $75,523,822. Dated: June 2, 2010 ------------------------------------------------------------------- ------------------------------------------------------------------- hereby certify that Resolution No. 2010-84 as passed and adopted by the City Council of the City cf Lodi in a regular meeting held June 2, 2010, by the following votes: AYES: COUNCIL MEMBERS— Hitchcock, Hansen, Johnson, Mounce, and Mayor Katzakian NOES: COUNCIL MEMBERS— None ABSENT: COUNCIL MEMBERS— None ABSTAIN: COUNCIL MEMBERS— None. RA OHL City Clerk 2010-11 FINANCIAL PLAN AND BUDGET APPROPRIATIONS SPENDING LIMIT 2010-11 APPROPRIATIONS SPENDING LIMIT 2010-11 APPROPRIATIONS SUBJECT TO LIMITATION EXIIIBIT A city of Lodi. Appropriations SpendingLimit Fiscal Year 2010-11 A. Last Year's Limit 77,022,286 1 B. Adjustments Factors 1 Population % 1.0061 (ExhibitB) 2 Inflation yo (State Finance) Total Adjustment To 0.98055 (B1*B2) G Annual Adjustment (B*A) D. Other Adjustments None E. Total Adjustments (C+D) F. This Year's Limit (A+E) City ofLodi EXHIBIT B Appropriations SpendingLimit Growth Factors/Calculations 88-89 4:86 4.96 332 89-90 519 2.52 2.20 90-91 421 236 223 91-92 4.14 1.19 2.64 92-93 -0.64 097 241 93-94 272 0.73 213 94-95 0.71 051 1.57 95-96 4.72 1.31 1S 96-97 4.67 1.68 1.85 97-98 4.67 0.70 121 98-99 4.15 1.16 1.47 99-00 453 194 1'44 00-01 4.91 1.29 1.78 01-02 782 1.90 271 02-03 -127 214 307 03-04 2.31 1.69 286 04-05 328 0.75 2.54 05-06 526 0.96 265 06-07 3-% 0.30 200 07-08 4.42 0.90 1.73 08-09 429 088 1'59 09-10 0.62 0.42 1.07 1611 -2.54 0.61 0.97 87-08 1.0347 x 1.0572 = 1.0939 1.0939 x $22,654,787 - $24,782,072 88-89 1.0466x1.0496=1.0985 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 $312X179 = $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 94-05 1.0071 x 1.0157 =1.0229 1.0229 x 35M7,755 = $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 = $41229,332 97-98 1.0467x1.0070=1.0540 1.0540x 41,229,332 = $43,456,825 98-99 1.0415x1.01160=1.0536 1.0536x 43,456,825 $45,785.303 99.00 1.0453x1.0194=1.0656 1.0656x45,785,303 $48,787,849 00.01 1.0491x1.0129=1.0626 1.0626x48,787,849 $51,843,597 01.02 1.0782x1.0190=1.0987 356,959,824 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 $62,182,99 1.040546 05-06 1.0526x1.0096=1.06270496 $66,082,118 1.06270496 06-07 1.0396x1.0030=1.0427188 $68,9051086 1.0427188 07-08 1.0442x1.0090=1.0535978 $72.598226 1.0535978 08-09 1.0429x1.0068=1.0499917 $76227,535 1.0499917 09.10 1.0062x1.0042=1.01042604 $77,022286 1.01042604 10.11 .9746x1.0061=.98054506 $75523,822 0.98054506 10.11 Appropriations Subject to Limit: $31.809.427 42.12% $75,523,822 %ZT'Z6 (Q-3) (56V t I L`£b) (V alglyXg) ZZ8`£ZS`SL *V) LZP'608`T£ -- W alglltXa) 10 (,d alglRXg) I LZV608 T� £ —_7j 22SM'S, = LZ6 08 T� Nouv.LII1 n oZ.L0afaas SATOILvrdiodaav 0 .LIUMM JUWII (HH(fMfl)'daA0 'a iliwil HvHA lKaw Ifla 'Q smolSfll3x2[ 'S SaXV1. 30 SQ33Ooxi 'V TT-OTOZ Inax IMSM lPo'I3o ,clO City of Lodi Fiscal Year 2010-11 COURT ORDERS Subtotal FEDERAL MANDATES Subtotal QUALIFIED CAPITAL OUTLAYS Subtotal QUALIFIED DEBT SERVICE Subtotal TOTAL EXCLUDABLE (Copy to Exhibit C & G) EXCLUDED APPROPRIATIONS None None None None None I City of Lodi Schedule to Match User Fees to Costs Fiscal Year 2010-11 Public Safety Fees Parks and Recreation Fees Community Center Fees Community Development Fees PW Engineering Fees Library Fees Total 308,750 25,145,760 1,458,810 4,297,560 428,000 1,850,570 328,820 1,065,500 280,620 717,770 45,000 2,850,0 1,427,930 34,505,090 0 0 0 0 0 0 R Fiscal Year 2010-11 TAXES P=pettyTaxes Sales& Use Tax Business License Tan Franchise Tax Transient Occupancy Tax Real Property -DocumentaryTax T. -Tia Franchise Tax FROM STATE Motor Vehicle In Lieu State H-wayMaintenance Gras Tax Cigarette tax TransportationDevelopment Act TDA-Pedestrian/Bike Path SB 300 TransportationPartnership Measure Funds State Reimbursements -POST Public Library grants PERS Rebate SB90 Reimbursements Asset SeizureFunds/Auto Theft Drug Suppression Grant State special grants Traffic Congestion Relief State STIP reimbursement LOCALLYRAISED Fines, Forfeitures, Penalties Licenses and permits Rent of City Property Development Fees USER FEES (from Exhibit E) OTHER MISCELLANEOUS Sale of Property Restitution -Damage to Property Otherrevenue Interfund Transfer6 SUBTOTAL (for Exhibit G) EXHIBIT F Calculation -Proceeds of Taxes 8,308,480 8 L4 8,797,140 266,000 9,063,1 1,180,000 1,180,0 1665 800 1,665,8 400,000 400,0 104,410 104,4 F 976170 6.976.6 4,335 000 4,335,000 11400 11,400 1002,460 1,002 460 712,2701 0 1,586,570 1,586,570 33,600 33,600 0 0 1427 750 1427 750 60,000 60,000 571000 57,000 0 0 45,000 45,000 0 0 238,000 238,000 120,000 120,000 631310 631,310 0 0 1.270,0001 1270,000 556,550 556,550 793,2001 793,200 712,2701 712,270 INTEREST EARNINGS 41.921 (from Exhibit G) TOTAL REVENUE 49,815,580 (use for Exhibit C) RESERVE WITHDRAWALS (IncludingappropriatedFund Balance) TOTAL OF THESE FUNDS OTHER FUNDS NOT INCLUDED I 121.854.780 GRANDTOTALBUDGET EXHIBIT G InterestEaraings Produced by Taxes Cityof Lodi Fiscal Year 2010-11 A NON-INTERESTTAX PROCEEDS 31,767,500 "(Exhibit F) B. MINUS EXCLUSIONS 0 (Exhibit D) C. NET INVESTED TAXES 31,767,50(11 (A -B) D. TOTAL NON-INTEREST BUDGET 49,749,920 "(ExhibitF) E. TAX PROCEEDSAS PERCENT —63.85% OF BUDGET (CID) F. INTERESTEARNINGS 65,6601 G. AMOUNT OF INTEREST EARNED 41927 (E+F) FROM TAXES H. AMOUNT OF INTEREST EARNED ON NON -TAXES 23,733 (F -G) I. Take the result ofsteps#G & H Copy on to Exhibit F