HomeMy WebLinkAbout2004-05-25 - AGENDA REPORTS - PROPOSED FY 04/04 BUDGET (2)Agenda Item:_
CITY OF SANTA CLARITA
AGENDA REPORT
PUBLIC HEARING City Manager Approval:
Item to be presented by: Ken Pulskamp
DATE: May 25, 2004
SUBJECT: PROPOSED FISCAL YEAR 2004/2005 ANNUAL BUDGET AND
FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM
DEPARTMENT: City Manager
RECOMMENDED ACTION
The City Council/Redevelopment Agency conduct the public hearing on the Fiscal Year
2004/2005 Operating Budget and Five -Year Capital Improvement Program, and schedule the
budget for adoption at the June 8, 2004 joint City Council and Redevelopment Agency meeting.
BACKGROUND
This is a joint public hearing of the City Council and Redevelopment Agency on the proposed
Fiscal Year 2004/2005 Operating Budget, Redevelopment Agency Budget, and Five -Year Capital
Improvement Program.
The annual budget process is a six-month process, which begins in January 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 2004-2005 annual
budget. Similar to last year, we have had the challenge of developing a balanced budget while
faced with the uncertainties of the State budget deficit and the potential impacts to the City's
General Fund revenues.
Two Study Sessions were held, which provided the opportunity for City Council to receive
information and provide input on the proposed budget. On April 11, the City Council received
an overview of the budget, as well as an update of the State's budget. On May 4, the City
Council received a more detailed presentation of the proposed balanced budget for Fiscal Year
2004-2005, which included the Operating Budget, Redevelopment Agency Budget, and Capital
Improvement Program.
The Budget and Capital Improvement Program was presented to the Planning Commission on
May 18, 2004, who made a finding that the scheduled Fiscal Year 2004-2005 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, Recreation and Community Services Commission on May 19, 2004 and the Newhall
Redevelopment Committee on May 3, 2004.
Proposed appropriations total $119,600,500, broken down as follows:
Capital Projects
Personnel
Operations & Maintenance
Capital Outlay
TOTAL
$ 27,502,127
30,457,380
61,466,993
174,000
$119,600,500
The proposed Redevelopment Agency budget for 2004-2005 totals $710,800, which includes
$112,320 for Personnel and $603,680 for Operations and Maintenance.
The 2004-2005 Fiscal Year Operating Budget and 2005-2009 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 2004-2005 are projected at $119,910,179. Proposed appropriations for
Fiscal Year 2004-2005 total $119,600,500. The remaining $309,679 will roll into fund balance
to offset any unforeseen fluctuations in estimated revenues.