HomeMy WebLinkAbout2005-06-14 - AGENDA REPORTS - ANNUAL BUDGET FIVE YEAR CIP (2)Agenda Item:
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CITY OF SANTA CLARITA
AGENDA REPORT
PUBLIC HEARING City Manager Approval:
Item to be presented by: Ken Pulskamp
DATE: June 14, 2005
SUBJECT: PROPOSED FISCAL YEAR 2005/2006 ANNUAL BUDGET AND
FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM
DEPARTMENT: City Manager's Office
RECOMMENDED ACTION
The City Council/Redevelopment Agency conduct the public hearing on the Fiscal Year
2005/2006 Operating Budget and Five -Year Capital Improvement Program, and schedule the
budget for adoption at the June 28, 2005, 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 2005/2006 Operating Budget, Redevelopment Agency Budget, and Five -Year Capital
Improvement Program.
The FY 2005/2006 budget process was a six month process, which began in January. The City
Council Budget Subcommittee has been involved in the budget process since the beginning and
played a significant role in the development of the proposed FY 2005/2006 budget. Unlike last
year, the City's fiscal and budget outlook is much more stable. With the overwhelming passage of
Proposition lA last November, we are now better able to project our General Fund revenue and
better plan our operating and capital expenditures.
The Proposed Budget and Capital Improvement Program was presented to the Planning
Commission on May 2, 2005, and on June 7, 2005, the finding was made by the Commission that
the proposed FY 2005/2006 Capital Budget and Five -Year Capital Improvement Plan was
consistent with the goals and policies of the General Plan. Additionally, the Proposed
FY2005/2006 Operating and Capital Budget was presented to the Parks, Recreation and
Community Services Commission and the Newhall Redevelopment Committee.
The Proposed FY 2005/2006 Proposed Budget appropriations totals $134,375,242, as follows:
Capital Budget
Personnel
Operations & Maintenance
Capital Outlay
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$30,698,730
32,500,252
70,319,010
857,250
$134,375,242
The proposed Redevelopment Agency budget for FY 2005/2006 totals $747,254, which includes
$117,270 for Personnel and $629,984 for Operations and Maintenance.
The 2005/2006 Fiscal Year Operating Budget and Five -Year Capital Improvement Program
represents the City's commitment to maintaining the quality of life enjoyed by all Santa Clarita
residents.
ALTERNATIVE ACTIONS
Other action as determined by the City Council/Redevelopment Agency.
FISCAL IMPACT
Revenues for Fiscal Year 2005/2006 are projected at $141,302,400. Proposed appropriations for
Fiscal Year 2005/2006 total $134,375,242.
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