HomeMy WebLinkAboutCC AG PKT 2009-05-11 #PAGENDA STAFF REPORT
DATE: May 11, 2009
TO: Honorable Mayor and City Council
THRU: David N. Carmany, City Manager
FROM: Robbeyn Bird, CPA
Director of Administrative Services/Treasurer
SUBJECT: REVIEW OF THE FISCAL YEAR 2009/10 and 2010/11
OPERATING BUDGET, REDEVELOPMENT AGENCY
BUDGETS AND CAPITAL IMPROVEMENT PROGRAM
SUMMARY OF REQUEST:
Staff requests the City Council review the 2009/10 and 2010/11 Operating
Budget and Capital Improvement Program and make recommendations for any
changes deemed necessary to the budget document.
BACKGROUND:
On April 21 & 22, 2009, budget study sessions were held to review and also take
public input on the Proposed Operating Budget and Capital Improvement Program
for Fiscal Years 2009/10 and 2010/11. 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 via notice in the Sun Newspaper. Citizens
could purchase copies at the City Clerk's office or "check-out" copies at the Library.
At these meetings, a presentation of the operating and capital improvement budgets
was given to the City Council. Council asked for some minor modifications to the
budget document at that time, such as a listing of vehicles to be purchased. Since
the budget study sessions, several changes have been made to the budget
document based on errors or omissions discovered in the initial document. These
changes are summarized in Attachment A.
FISCAL IMPACT:
For Fiscal Year 2009/10, General Fund estimated revenues are projected to be
$26,909,300 compared to operating appropriations and transfers out of $42,687,300
resulting in an estimated fund balance decrease of $15,778,000. The decrease is
Agenda Item P
Page 2
due to various one-time Capital Improvement projects being funded by General Fund
reserves.
For Fiscal Year 2010/11, General Fund estimated revenues are projected to be
$27,277,800 compared to operating appropriations and transfers out of $27,140,300
resulting in an estimated fund balance increase of $137,500.
RECOMMENDATION:
Staff recommends that Council:
1) Encourage broad public dissemination and comment regarding the Operating
Budget and Capital Improvement Program for Fiscal Years 2009/10 and 2010/11;
and
2) Conduct a public hearing;
3) Make recommendations for any changes deemed necessary to the budget
document; and
4) Schedule further public review of the document for the June 8~' meeting.
SUBMITTED BY:
Robbeyn ird
Director of Administrative Services/
City Treasurer
NOTED AND APPROVED:
~~~
David N. Carmany
City Manager
Attachment(s)
A. Summary of Changes to the Budget Document
ATTACHMENT A
age No.
Old New CITY OF SEAL BEACH
SUMMARY OF CHANGES TO BUDGET DOCUMENT
2009/10
Description Amount
2009/11
Amount
16 16 Line items added to reflect all revenues Various Various
16 16 Increase in Asset Forfeiture -State 22,000 22,000
16 16 Increase in Asset Forfeiture -Federal 18,000 18,000
17 31 Analysis of Major Revenues -Updated ra hs and numbers Various Various
22 17 Adjusted so that revenues and expenditures are a ual 87,200 91,000
22 17 Vehicle replacement 316,600 410,600
32 26 Asset Forfeiture -State Revenue added 22,000 22,000
32 26 Asset Forfeiture -Federal Revenue increased 17,900 17,000
40 40 Increased Police Department expenditures -added salary for Lead CSO 95,800 N/A
41 41 Increased Police Department expenditures -added salary for Lead CSO N/A 99,000
43 43 To reflect changes made in the police department
74 76 Revised medical insurance amounts 362,900 362,900
75 77 Revised medical insurance amounts 362,900 362,900
78 80 Update salaries for error in revious version 688,900 716,400
80 82 Added Lead CSO osition 515,000 535,600
81 83 Added Lead CSO osition and u dated related benefit amounts 515,000 535,600
105 107 Revised ex enditure amts to correlate with ex ected revenue amounts 2,200 5,000
219 221 Revised General Fund carryover and 2009110 amounts 7,085,000 725,000