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HomeMy WebLinkAbout2001-06-07 - AGENDA REPORTS - FOLLOW-UP BUDGET (2)CITY OF SANTA CLARITA INTEROFFICE MEMORANDUM TO: Mayor Weste & Members of the City Council FROM: George Caravalho, City Manage DATE: June 7, 2001 SUBJECT: FOLLOW-UP TO THE 2001-2002 BUDGET STUDY SESSION E City Council discuss outstanding budget issues and provide staff with direction. RM-TWTITU Z11-1 _11 On May 8, 2001, the City Council received for review the proposed 2001-2002 Fiscal Year Budget and the 2002-2006 Five-year Capital Improvement Program. At the May 15, 2001 Study Session staff presented the Council with a complete overview of the proposed $127.1 million budget, which included a presentation on the City's Operating Budget and the Capital Improvement Budget. At the May 29, 2001 Study Session staff responded to those issues identified at the May 15 Study Session and Council directed staff to form a Budget Sub -Committee with two Councilmembers and staff to evaluate potential budget adjustments. At tonight's City Council Budget Study Session, staff will present the proposed budget adjustments, be available to discuss any other issues the Council would like to address, and receive direction from the City Council. GACXG.- BudgdOl\,Wy uniam g-7atajjmpm dw PROPOSED BUDGET ADJUSTMENTS FISCAL YEAR 2001-02 ;V&*1e10A• • • Via Princessa - Cla bourne to Magic Mtn. 1,300,000 375,000 2001-02 Slurry Seal 375,000 Reduces General Fundortion to $960,000 WhitneyCyn Improvements 200,000 Leaves a balance of $300,000 Domestic Violence Investigator 125,000 Position being funded with continued Grant Sheriff Liability - Double budget 500,000 Identified 2000-01 Expenditure Savin s 500,000 Senior Services Provided Fy00-01Pro Tax Rev Exceeding Estimates 600,000 No additional $ FY00 01 Sales Tax Rev Exceeding Estimates 1,000,000 FY00-01 Development Rev below Estimates 1,000,000) 4001000 FY01-02 Potential new fees 700,000 Reflects effective date of October 1, 2001 Community Services Grant Program 100,000 Remaining balance $100,000 STAR P ram 3rd pa ment to COC 00,000 600,000 Remainingbalance 00,000 0o D(30Defer 2 years effmants are proposed in FY01-02 Defer Park Rehabilitation Pro ram 55,000 Remainin balance $55,000 Defer Signal Modification Program 160,000 Defer to FY2002-03 B & T Funds to urchase ROW section of Beazer 300,000 Swap Gap Closure GF Match with Gas Tax 110,000 Reduce Pubs & Subs; Ads; Travel & Training 50,000 Tree Maintenance Grant 50,000 A new grant for maintaining trees currently paid by general fund City Council Contin envy 500,000 Remaining Balance $1,000,000 Reduce Professional & Contractual Services 92,030 Re resents 2.b% reductionrmide ADDITIONAL OPTIONS FOR CONSIDERATION: HaskellC Approach 375,000 Leave Funding Reduce Remainin Slurry Project 960,000 Reminder. Franchise Fee Commitment Leave Fundin Grossing Guards 275,000 Could be rovided by schools Leave Fundin $150,000 Ree Programs; $50,000 Leave Funding - Senior Services Provided 220,000 Trans rtation; $20,000 Public Info No additional $ Post one fillip new= to 01/01/02 167,000 Leave Fun ng Delay purchase of Beazer property to FY02-03 4001000 Leave Funding SLOE Tll UND)J ' ,397 QOdf . CITY OF SANTA CLARITA INTEROFFICE MEMORANDUM TO: George Caravalho, City Manager FROM: Barbara Boswell, Accounting Manager tb �� . Elena Galvez, Management Analyst 60 r DATE: June 7,'2001 SUBJECT: RECAP OF JUNE 1, 2001 BUDGET COMMITTEE MEETING The budget committee met on Friday June 1, 2001, to identify funding for the potential acquisition of the Reuther Avenue Business Park and Beazer Back Country properties, as well as reducing the Infrastructure Bank Loan. During the meeting the committee was able to identify funds through reducing line items, delaying projects, and adjusting revenue estimates in the total amount of $6,700,000.;' The attached sheet summarizes the funding identified, as well as options that were considered, but it was decided to not adjust the funding levels. Please review the attached summary and provide any comments/changes that you feel necessary. If you would like to discuss this with us, we would be happy to meet at your convenience. Attachment cc: Steve Stark, Director of Administrative Services s:\tin\barbara\wordUwdptcommiaeemcapmemo.doc City of Santa Clarita STAR Program . Proposed Costs 2001-02 Maintain Current Level of Service $368,343 (4'h, Wh, and 6'" Grades 12 Month Contract) Convert Traditional Schools to Ten Month Contract $337,312 (Maintain Year -Round Schools at 12 months) Convert Traditional Schools to Ten Month Contract & $273,021 Decrease Number of Lessons Taught in 4'" Grade to Four Convert Traditional Schools to Ten Month Contract & $236,963 Eliminate the 40' Grade Completely *` All of the estimates are based on an increase of approximately 2% in the number of classes taught (from 270 to 276). The impact of converting the traditional schools to a ten month contract means STAR deputies would not work in the city's summer programs.