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HomeMy WebLinkAbout2003-06-10 - AGENDA REPORTS - ANNUAL BUDGET AND CIP (2)PUBLIC HEARING DATE: SUBJECT: DEPARTMENT: Agenda Item:YE1 S )P �L CITY OF SANTA CLARITA AGENDA REPORT City Manager Approval: Item to be presented by: June 10, 2003 !Ken Pul ulskamp PROPOSED FISCAL YEAR 2003/2004 ANNUAL BUDGET AND CAPITAL IMPROVEMENT PROGRAM City Manager RECOMMENDED ACTION The City Council / Redevelopment Agency conduct the public hearing on the Fiscal Year 2003/2004 Operating Budget and Five -Year Capital Improvement Program, and schedule the budget for adoption at the June 24, 2003 City Council and Redevelopment Agency meetings. BACKGROUND This is a joint public hearing of the City Council and Redevelopment Agency on the Fiscal Year 2003/2004 Operating Budget, Redevelopment Agency Budget, and Five -Year Capital Improvement Program. The annual budget process began in January 2003 at the department level. The City Council Budget Subcommittee has been involved in the budget process since January and has played a significant role in the development of the proposed 2003-2004 annual budget. This year's budget process was impacted by the uncertainties of the State budget deficit and the potential impacts to the City's revenue. On May 13, 2003 the City Council received for review the proposed balanced budget for Fiscal Year 2003-2004 which included the Operating Budget, Redevelopment Agency Budget, and Capital Improvement Program. A budget study session was held on May 20, 2003 where the Fiscal Year 2003-2004 budget was reviewed and discussed. On June 3, 2003, staff presented the Budget and Capital Improvement Program to the Planning i k�, t r urs u �a+ Commission who made a finding that the scheduled Fiscal Year 2003-2004 capital projects as well as the Five-year Capital Improvement Program is consistent with the goals and policies of the General Plan. Additionally, staff presented the Budget and Capital Improvement Program to the Parks and Recreation Commission on June 5, 2003. The proposed budget has total appropriations of $163,125,812. This includes $67,963,542 in Capital Projects, $27,584,812 in Personnel costs, $59,269,341 in Operations and Maintenance, and $8,308,117 in Capital Outlay. This reflects a $40,000 increase to the proposed total budget presented to the Council on May 13. This increase is going towards the sheriff budget to address personnel classifications. The proposed Redevelopment Agency budget for 2003-2004 totals $871,325 which includes $300,000 in Capital Projects, $100,750 for Personnel and $470,575 for Operations and Maintenance. The 2003-2004 Fiscal Year Operating Budget and 2004-2008 Capital Improvement Program represents the City's ongoing commitment to provide the community with the utmost quality and level of service attainable. ALTERNATIVE ACTIONS Other action as determined by the City Council / Redevelopment Agency. FISCAL IMPACT Revenues for Fiscal Year 2003-2004 are projected at $146,826,137 with an additional $16,299,675 of fund balance dollars being appropriated for one-time uses, for total resources of $163,125,812. Total appropriations for Fiscal Year 2003-2004 total $163,125,812 which is in line with total revenues. CITY OF SANTA CLARITA NOTICE OF PUBLIC HEARING PUBLIC NOTICE IS HEREBY GIVEN; A Public Hearing will be held before the City Council of the City of Santa Clarita to consider the proposed budget for fiscal year 2003/2004 and the Proposed five-year Capital Improvement Program for 2004/2008 in the City of Santa Clarita. The budget will be heard by the City Council in the City Hall Council Chambers, 23920 Valencia Blvd., 1st Floor, the 10' day of June, 2003, at or after 6:00 p.m. If you wish to challenge this order in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the City Council, at, or prior to, the public hearing. Proponents, opponents, and any interested persons may appear and be heard on this matter at that time. Further information may be obtained by contacting Elena Galvez, Management Analyst, (661) 255-4317, Santa Clarita City Hall, 23920 Valencia Blvd., Suite #300, Santa Clarita, CA. Dated: May 16, 2003 Sharon L. Dawson, CMC City Clerk Publish Date: May 20, 2003 CITY OF SANTA CLARITA NOTICE OF PUBLIC HEARING PUBLIC NOTICE IS HEREBY GIVEN - A Public Hearing will be held before the Redevelopment Agency of the City of Santa Clarita to consider the proposed Redevelopment Agency budget for Fiscal Year 2003/2004. The budget will be heard by the Redevelopment Agency in the City Hall Council Chambers, 23920 Valencia Blvd., 1' Floor, the 10' day of June 2003, at or after 6:00 p.m. Proponents, opponents, and any interested persons may appear and be heard on this matter at that time. Further information may be obtained by Elena Galvez, Management Analyst, and (661) 255-4317, Santa Clarita City Hall, 23920 Valencia Blvd., Suite #304, Santa Clarita, CA. Dated: May 16, 2003 Sharon L. Dawson, CMC City Clerk Publish Date: May 20, 2003 PublicHearings. Redevbud03-04