HomeMy WebLinkAbout2002-03-26 - AGENDA REPORTS - BUDGET AMEND (2)CITY OF SANTA CLARITA
AGENDA REPORT
CONSENT CALENDAR
DATE: March 26, 2002
City Manager Appro,
Item to be presented
SUBJECT: BUDGET AMENDMENT TO DEVELOPMENT REVENUES AND CITY
COUNCIL CONTINGENCY
DEPARTMENT: Administrative Services
RECOMMENDED ACTION
City Council approve appropriations of $200,000 in account number 1240-7401 and increase
estimated revenues as shown:
BACKGROUND
During the mid -year process, staff reviewed the estimated development revenues and
determined that development in Santa Clarita was going to remain flat or possibly decrease due
to the state of the economy at that time. Since that time, staff has reevaluated the effects of the
economy on development in Santa Clarita and determined that development in the area has
continued to exceed expectations. At this time, Development Revenues are, expected to exceed
the current year budget by approximately $200,000.
There has been a high demand on the Council Contingency account during this fiscal year with
the balance in the account currently at $145,006. Staff realizes the importance of this reserve
account to fund necessary items betweennow and the end of the fiscal year. Therefore, staff
is recommending that the increase in estimated revenues be utilized to increase the funding
in the Council Contingency Account.
Agenda Item
Current
Adjusted
Account #
Title
Budget
Budget
Change
001-4114
Conditional Use Permit
$ 43,530
$ 63,530
$ 20,000
001-4212
Electrical Permits
134,595
159,595
25,000
001-4213
Plumbing Permits
111,545
196,545
85,000
001-4214
Mechanical Permits
60,900
80,900
20,000
001-4217
Building Permits
2,069,495
2,099,495
30,000
001-6102
Building Plan Check
1,076.445
1.096.445
20.000
Total
$ 3,496,510
$ 3,696,510
$200,000
BACKGROUND
During the mid -year process, staff reviewed the estimated development revenues and
determined that development in Santa Clarita was going to remain flat or possibly decrease due
to the state of the economy at that time. Since that time, staff has reevaluated the effects of the
economy on development in Santa Clarita and determined that development in the area has
continued to exceed expectations. At this time, Development Revenues are, expected to exceed
the current year budget by approximately $200,000.
There has been a high demand on the Council Contingency account during this fiscal year with
the balance in the account currently at $145,006. Staff realizes the importance of this reserve
account to fund necessary items betweennow and the end of the fiscal year. Therefore, staff
is recommending that the increase in estimated revenues be utilized to increase the funding
in the Council Contingency Account.
Agenda Item
BUDGETAMENDMENT
March 26, 2002 — Page 2
ALTERNATIVE ACTION
Other action as directed by Council.
FISCAL IMPACT
The approval of this item will result in additional appropriations of $200,000 in the General
Fund, with an offsetting increase in estimated General Fund Revenues.
ATTACHMENTS
None.
SS:DS:hds
council\Bud Adj 09.26.02