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Home My WebLink AboutResolutions - No. 2014-98RESOLUTION NO. 2014-98 A RESOLUTION OF THE LODI CITY COUNCIL ADOPTING THE CITY OF LODI FINANCIAL PLAN AND BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 2014 AND ENDING JUNE 30, 2015, AND APPROVING THE 2014/15 APPROPRIATIONS SPENDING LIMIT WHEREAS, the City Manager submitted the 2014/15 balanced Financial Plan and Budget to the City Council on May 15, 2014; and WHEREAS, the 2014/15 Financial Plan and 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 6, May 20, June 3, and June 4, 2014, at the Carnegie Forum and on May 13, 2014 at the Lodi Library; and WHEREAS, the City Council is required to adopt the Appropriations Spending Limit for 2014/15; 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 2014/15 Financial Plan and Budget, as proposed by the City Manager, be approved as follows: Budget General Fund Police $17,405,020 Fire $9,967,970 Public Works $1,940,520 City Clerk $626,320 City Manager $414,420 City Attorney $490,810 Internal Services $3,367,710 Economic Development $488,280 Non -Departmental $8,890,010 Total General Fund $43,591,060 Other Funds Electric Utility $70,762,800 Water Utility $12,185,130 Wastewater Utility $19,723,250 Transit $4,162,210 Streets $3,951,680 Community Development $1,238,440 Parks, Rec & Cultural Services $5,800,190 Library $1,389,950 Transportation Development Act $39,400 Community Dev Block Grant $852,300 Public Safety Special Revenue $458,620 Capital Outlay $1,607,700 Equip & Vehicle Replacement $358,000 Debt Service $847,850 Benefits $8,364,940 Self Insurance $2,263,610 Trust and Agency $136,740 Fleet Services $1,820,120 Total Other Funds $135,962,930 Total $179,553,990 2. That the funds for the 2014/15 Financial Plan and 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 $368,961 from the 2013/14 level of $86,108,936 to the 2014/15 level of $86,477,897. Dated: June 4, 2014 I hereby certify that Resolution No. 2014-98 as passed and adopted by the City Council of the City of Lodi in a regular meeting held June 4, 2014, by the following votes: AYES: COUNCIL MEMBERS — Hansen, Johnson, Mounce, Nakanishi, and Mayor Katzakian NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None OHL-OLSON City Clerk 2014-98 2014-15 FINANCIAL PLAN AND BUDGET ATTACHMENT 1 APPROPRIATIONS SPENDING LIMIT 2014-15 APPROPRIATIONS SPENDING LIMIT Last Year's Limit 86,108,936 Adjustment Factors 1 Population % 1.0066 2 Inflation % 0.9977 Total Adjustment % 1.00428 Annual Adjustment 368,961 Adjustments None Total Adjustments 368,961 I3P) tT.O@lY� $ftm, . .. .; >: ..................... ................ . 2014-15 APPROPRIATIONS SUBJECT TO LIMITATION PROCEEDS OF TAXES 34,129,895 EXCLUSIONS APPROPRIATIONS SUBJECT TO LIMITATION 34,129,895 CURRENT YEAR LIMIT 86,477,897 EXHIBIT A City of Lodi Appropriations Spending Limit Fiscal Year 2014-15 A. Last Year's Limit r— 86,108,936 B. Adjustments Factors 1 Population % 1.0066 --- (Exhibit B) 2 Inflation % 0.9977 -- (State Finance) Total Adjustment % �– 128 C. Annual Adjustment 368,961 (B*A) D. Other Adjustments None E. Total Adjustments 368,961 (C+D) F. This Year's Limit 86,477,897 _7 (A+E) City of Lodi EXHIBIT B Appropriations Spending Limit Growth Factors/Calculations 88-89 4.66 4.96 3.32 89.90 5.19 2.52 2.20 90.91 4.21 2.26 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 9T-98 4.67 0.70 1.21 98-99 4.15 1.16 1.47 99-0(1 4.53 1.94 1.44 00-01 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 0405 3.28 0.75 2.54 05-06 5.26 0.96 2.65 06-07 3.96 0.30 2.00 07-08 4.42 0.90 1.73 08A9 4.29 0.68 1.59 09-10 0.62 0.42 I.07 10-11 2.54 0.61 0.97 11-12 2.51 0.61 0.97 IZ-13 3.77 0.77 1.05 13-14 5.12 0.57 0.95 1415 -0.23 0:66 1.10 87-88 1.0347 x 1.0572 =1.0939 = $24,782,072 1.0939 x $22,654,787 88.89 1.0466x1.0496=1.0985 $27,223,106 1.0985 x $24,782,072 89-90 1.0519 x 1.0252 =1.0784 a $29,357,398 1.0784 x $27,223,106 90-91 1.0421 x 1.0226 =1.0657 $31,286,179 1.0657 x 529,357,398 = 91-92 1.0414 x 1.0264 -1.0689 1.0689 x $31,286,179 92-93 .9936 x 1.0241=1.0175 1.0175 x 33,441,797 93-94 1.0272 x 1.0213 =1.0491 1.0491x 34,027,028 94-95 1.0071 x 1.0157 =1.0229 1.0229 x 35,697,755 95-96 1.0472 x 1.0131=1.0609 1.0609 x 36,515,234 96-97 1.0467x1.0168=1.0643 1.0643 x 38739012 97-98 1.0467x1.0070=1.0540 1.0540x 41,229,332 98-99 1.0415x1.01160=1.0536 1.0536x 43,456,825 99-00 1.0453x1.0194=1.0656 1.0656x45,785,303 00-01 1.0491x1.0129=1.0626 1.0626x48,787,849 01-02 1.0782x1.0190=1.0987 1.0986858 02-03 .9873x1.0214=1.00843 1.00842822 03-04 1.0231x1.0169=1.0404 1.04039039 04.05 1.0328x1.0075=1.040546 1.040546 05.06 1.0526xi.0096-1.06270496 1.06270496 06.07 1.0396x1.0030=1.0427188 1.0427188 07-08 1.0442x1.0090=1.0535978 1.0535978 08-09 1.0429x1.0068=1.0499917 1.0499917 09-10 1.0062x1.0042=1.01042604 1.01042604 10-11 .9746x1.0061=.98054506 0.98054506 11-12 1.0251x1.0061=1.03135311 1.03135311 12-13 L0377x1.0077=1.04569029 1.04569029 13-14 1.0512-1.0057=1.05719184 1.05719184 14-15 0.9977x1.0066=1.00428482 1.00428482 14-15 Appropriations Subject to Limit: $34,129,895 $86,477,897 $33,441,797 $34,027,028 $35,697,755 $36,515,234 538,739,012 541,229,332 $43,456,825 545,785,303 $48,787,849 $51,843,597 $56,959,824 $57,439,894- $59,759,913 $62,182,939 $66,082,118 $68,905,066 $72,598,226 $76,227,535 $77,022,286 $75,523,822 $77,891,729 $81,4.50,62.5 $86,108,936 $86,477,897 39.47% APPROPRIATIONS SUBJECT TO LIMITATION City of Lodi Fiscal Year 2014-15 A. PROCEEDS OF TAXES B. EXCLUSIONS C. APPROPRIATIONS SUBJECT TO LIIIIITATION D. CURRENT YEAR LIMIT 34,129,895 C �0 34,129,895 �-86,477,897 EXHIBIT C (Exhibit F) (Exhibit D) (A -B) (Exhibit A) E. OVER(UNDER) LIMIT �— (52,348,001) (C -D) 34.129.895 = 39.47% 86,477,897 EXCLUDED APPROPRIATIONS City of Lodi Fiscal Year 2014-15 EXHIBIT D COURT ORDERS Subtotal None FEDERAL MANDATES Subtotal None QUALIFIED CAPITAL OUTLAYS Subtotal None QUALIFIED DEBT SERVICE Subtotal None TOTAL EXCLUDABLE None (Copy to Exhibit C & G) C City of Lodi EXHIBIT E Schedule to Match User Fees to Costs Fiscal Year 2014-15 Public Safety Fees 368,650 27,372,990 0 Parks and Rec/Cultural Fees 1,860,360 5,800,190 0 Community Development Fees 359,000 1,238,440 0 PW Engineering Fees 516,610 999,940 0 Library Fees 40,000 1,389,950 0 Total 3,144,620 36,801,510 0 City of Lodi Fiscal Year 2014-15 TAXES: Property Taxes Sales & Use Tax Business License Tax Franchise Tax Transient Occupancy Tax Real Property -Documentary Tax 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 Traffic Congestion Relief State STIP reimbursement LOCALLY RAISED 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 Transfers SUB -TOTAL (for Exhibit G) INTEREST EARNINGS (from Exhibit G) TOTAL REVENUE (use for Exhibit C) RESERVE WITHDRAWALS (Including appropriated Fund Balance) TOTAL OF THESE FUNDS OTHER FUNDS NOT INCLUDED GRAND TOTAL BUDGET EXHIBIT F Calculation - Proceeds of Taxes 8,502,480 8502480 10 190,000 330,000 10,520,000 1,5 f 0,000 1,510,000 1376,720 1,776,720 50,000 550,000 550,000 0,000 130,000 7,033,360 7 033,360 4,410,350 11,400 4,410,350 11,400 1.594,640 1594 1,962,500 0 1,300,000 1,300,000 39,400 39,400 0 0 875,000 875,000 40,000 40,000 10,000 10,000 0 0 50,000 50,000 0 0 301 Al 0 301,410 1,356,460 1356 460 0 0 0 0 1,437,400 (,437,400 708,540 708,840 1,962,500 1,962,500 425,280 425,280 34,102,910 18,406,360 52 509,270 26,985 14,565 41,550 34 129,895 18,420,925 52,550,820 0 52.550,820 1 I ti,433,(i40 169,034.460 Interest Earnings Produced by Taxes City of Lode Fiscal Year 2014-15 A. NON-INTEREST TAX PROCEEDS B. MINUS EXCLUSIONS C. NET INVESTED TAXES D. TOTAL NON-INTEREST BUDGET E. TAX PROCEEDS AS PERCENT OF BUDGET F. INTEREST EARNINGS G. AMOUNT OF INTEREST EARNED FROM TAXES H. AMOUNT OF INTEREST EARNED ON NON -TAXES I. Take the result of steps #G & H Copy on to Exhibit F EXHIBIT G 34,102,910 A(ExhibitF) -- 01 (Exhibit D) 34,102,910 (A -B) 1 — 52,509,270 -(Exhibit F) �! 64.95% (C/D) �— 41,550 �— 26,955 (E `F) F__r 14,565 (F -G)