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HomeMy WebLinkAboutCC AG PKT 2007-06-25 #Y AGENDA REPORT e DATE: June 25, 2007 TO: Honorable Mayor and City Council THRU: David N. Carmany, City Manager FROM: Greg Beaubien Interim Director of Administrative Servicesrrreasurer SUBJECT: Adoption of the Fiscal Year 2007/08 and 2008/09 Budget, Redevelopment Agency Budgets and Capital Improvement Program and establishing the Appropriation Limit for Fiscal Year 2007/08 SUMMARY OF REOUEST: e Staff requests the City Council adopt the Operating Budget, Community Redevelopment Agency Budget and Capital Improvement Program for Fiscal Year 2007/08 and 2008/09 and establish the Appropriation Limit for Fiscal Year 2007/08. Staff also requests Council adopt the attached resolution approving the fiscal year 2007/08 and 2008/09 appropriations by fund. The resolution also establishes the 2007/08 appropriations limit required under Article XIIB of the State Constitution. BACKGROUND: e On June 11 & 12, 2007 City Council met for a budget workshop to review and take public input on the Proposed Budget and Capital hnprovement Program for Fiscal Year 2007/08 and 2008109. The proposed budgets were prepared based on Council goals, state mandates and services the City provides. Copies of the budgets were made available to the public on the City's website and for purchase at the City Clerk's office and "check-out" at the three City Libraries. Notice of the Public Hearing was published as required by law in the Sun Newspaper. .' At these meetings, the City Council reached consensus on the following modifications to the Proposed Budget and Capital Improvement Program: 1. Add $1,100 in the Community Development Planning Department Contract Professional Services Account in Fiscal Year 2007/08 and 2008109 for Demographic Research Data from the Orange County Council ofOovemments. 2. Add $50,000 for additional sidewalk repairs in the Annual Concrete Rehabilitation Project funded by the General Fund in Fiscal Year 2007/08 and Fiscal Year 2008109. Agenda Item Y e 3. Reduce the appropriation for the Offshore Sand Pumping Project to $150,000 in Fiscal Year 2007/08 and establish a Oeneral Fund designation in the amount of$l,ooO,ooo. 4. Create a Perking In-lieu Special Revenue Fund. 5. Increase the Part-time Salaries appropriation in the City Manager Department to $10,000 to correct an error noted subsequent to the Budget Workshop in Fiscal Year 2008/09. The attached resolution approving the City's Operating Budget and Capitallmprovement Program includes the following actions: 1. Adopts the Proposed Operating Budget and Capital Improvement Program as modified by the City Council at the budget workshop held on June 11 & 12, 2007. 2. Create a Perking In-lieu Special Revenue Fund 3. Re-appropIiates all encumbrances from FY 2006107 for continued use in 2007/08. 4. Carries forward all capital project appropriation balances from FY 2006107 for continued use in FY 2007/08. 5. Authorizes the City Manager to make applOpriation transfers within functions and programs as long as such transfers do not increase the adopted annual budget appropriations. e FISCAL IMPAcr: For Fiscal Year 2007/08, General Fund estimated revenues are projected to be $24,060,600 compared to operating 1Ip1"opIiations and transfers out of $23,695,226 resulting in an estimated fund balance increase of$365,374. For Fiscal Year 2008/09, General Fund estimated revenues are projected to be $24,605,400 compared to operating applopriations and transfers out of $23,973,117 resulting in an estimated fund balance increase ofS632,283. RECOMMENDATION: Staff recommends that City Council adopt: The Operating Budget and Capital ImProvement Program for Fiscal Years 2007/08 and 2008/09 for all funds in the amount of$41,611,881 and 37,281,031 respectively. The attached resolutions approving the Fiscal Year 2007/08 and 2008/09 appropriations by fund. The 2007/08 appropriations limit required under Article XIIB of the State Constitution. e The creation of a Parking In-lieu Special Revenue Fund. Agenda Item e ~~na .o~~/_ . Greg Bea~i~ Interim Director of Administrative ServicesfI'reasurer NOTED AND APPROVED: cr..::t~ - 1 David N. Carmany City Manager e e Agenda Item e RESOLUTION NUMBER A RESOLUTION OF THE CITY COUNCfL OF THE CITY OF SEAL BEACH CALIFORNIA, ADOmNG THE FISCAL YEAR 2007/08 AND 20081119 OPERATING BUDGET SE'ITING THE APPROPRIATION LIMIT FOR FISCAL YEAR 2007/08 AND AUTHORIZING APPROPRIATIONS BY FUND e THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE: Section 1 To adopt the Fiscal Year 200712008 and 20081119 Oponolin8 Budsel and Capitallmpnwemon.. for the Ci\}' of ScaI Beach and the Seal Beach Redevelopmont Apncy for the nlCBl yom commen~ing July 1,2007 and ending June 30. 2009. Said budgets to control expenditures in the following amounts which reflect interfund transfen and chlU'pl: ADDronrlltlons bv Fund FY 2007/08 FY 20081119 Genen! Fund S 23,695,226 S 23,973,117 Street Ughtin8 154,500 160,000 Asset Forfeiture S1ale & Federal 14.000 Supphunental Law Enforcement Grant 159,150 158,450 Park Improvement Fund 50,000 Air Quality Improvement Fund 31,350 31,850 Tidelands Beach Fund 1,827,500 1,643,\50 Stale GII Tax Fund 475,000 475,000 Measure M Fund 400,000 400,000 Roberti-Z'Berg-Hani. Urban Opon Space Fund \30,000 Community Development Block Grant 200,000 Police Grants 22,234 22,234 Cleep Grant 13,000 Traffic Congestion Relief Fund 350,000 350,000 Community Facilities District 2002-01 25,000 25,000 Community Facilities District 2002..()2 143,000 143,000 Community Facilities District 2005-01 110,000 110,000 Water Operations Enterprise Fund 3,577,660 3,733,970 Sewer Operations Enterprise Fund 773,840 803,140 Sewer Capital Enterprise Fund (Note I) 212,92\ 208,670 Capitall'n>jec1s Fund 6,037,250 2,325,000 RDA~Riverfi'ont Project Area Law &: Moderate Houlinl Fund 564,000 294,500 RDA.Riverfront Project Area 290,650 42,050 RDA.R.jverfront Project Area Debt Service Fund 734,100 735,400 RDA.Riverfront Project Area Tax Increment Fund 1,621,500 1,646.500 Appropriations S 41,611,881 S 37,281,031 (Note 1) Includes Sewer expenditures that are recorded u fixed assets. Section 2 That all encumbrances fTom FY 2006107 are ~propriated for continued use in FY 2007/08. Section 3 That all capital project appropriation balances from FY 2006107 are carried forward for use in FY 2007108. SectlOD 4 That the City Manager is hereby authorized to make appropriation transren within and between functions and programs. in accordance with FilCll Policy, u lonl as such transfers do not increase the adopted annual budget appropriations. e Sec:tioa 5 That for fiscal year ending June 30, 2008 the City of Seal Beach establishes an appropriations limit ofS2.1.110.607, thereby demonstratinl compliance with Article XlIIB ofrhe State Constitution. e Section 6 Establish a Park tn-lieu Special Revenue Fund PASSED, APPROVED AND ADOPTED by the City Council of the City ofSea1 Beach on the 2~th day of June 2007 by the following vote: AYES: NOES: ABSENT: Councilmemben Councilmemben Councilmemben Mayor A TIEST: Linda Devine, City Clerk STATE OF CALIFORNIA) COUNTY OF ORANGE )SS CITY OF SEAL BEACH ) I, Linda Dovin.. City Clerk ofSea1 Beach, CaJifbmia, do hereby comlY that the following resolution is the original copy of Resolution Number_ on file in the office of the City Clerk, pused, approved, and adopted by the City Council of the City ofSeal Beach, at a regular meeting thereofheld on the 2Sth day of June 2007. CityCIerl< e e Paula Goetz 225 - 16th St. Seal Beach \ C./":J...SI07 Resident since 1941 - I have been thru several downpourings of rain over the years. Our end of town gets severe water damage. My family has dried out our belongings and tried to salvage our washer, dryer, and regfrigerator more than once. In the 2004 flooding, we invited our neighbors Sue and Devin Dunbar and their girls to stay with us while their home was drying out and repairs were done over a three week period. The drains are long overdue to be made better. I read that there is "Rainy Day" money in the city coffers that can be used for this purpose. Please use it now. Don't wait until next winter or the next. At summers end, our city has large tractors moving sand to build a berm and protect the homes on the beach from the winter waves. Several Seal . Beach residents donated money to rebuild the pier when it was tom apart from fowl weather a few years ago. My family donated to that. The Seal Beach Navy base got busy and used their money to cut a drain in the road that leads from the base onto Bay Blvd. to cut down on the rain water run off that would come down to Electric Avenue. Nobody asked for their help; they just stepped up to the plate and fixed what they saw was a problem. Please take the money we can use and fix our drainage system. The pump doesn't always take care of water buildup. Thank You ~ ~~'cfo~ ~