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Home My WebLink About2007-06-12 - AGENDA REPORTS - FY 2007 2008 BUDGET CIP (2)Agenda Item: Q vsC 1 CITY OF SANTA CLARITA JOINT CITY COUNCIL/REDEVELOPMENT AGENCY AGENDA REPORT L City Manager Approval: CONSENT CALENDAR Item to be presented by: Ken Pulskamp DATE: June 12, 2007 SUBJECT: FISCAL YEAR 2007-2008 ANNUAL OPERATING BUDGET AND FIVE YEAR CAPITAL IMPROVEMENT PROGRAM DEPARTMENT: City Manager's Office RECOMMENDED ACTION City Council 1. Adopt Resolution Making the Appropriations in the Amount Budgeted for Fiscal Year 2007-2008 2. Adopt Resolution Adopting the Five -Year Capital Improvement Program 3. Adopt Resolution Setting the Appropriations Limit for Fiscal Year 2007-2008 4. Adopt Resolution Electing to Receive All or a Portion of the Tax Revenues Pursuant to Health & Safety Codes 5. Adopt Resolution Approving the Loan of $1 million, from the General Fund to the Santa Clarita Redevelopment Agency (RDA) 6. Adopt Resolution Amending the Position Classification Plan 7. Approve the Adjustments to the 2006-2007 Budget submitted on Exhibit A and Exhibit B Redevelopment Agency: 8. Adopt a Resolution making the Appropriations in the Amount Budgeted for Fiscal Year 2007-2008 9. Adopt a Resolution Accepting a loan of $1 million, from the City of Santa Clarita General Fund, and approve Promissory Note to the City of Santa Clarita as submitted in Exhibit C. BACKGROUND The annual budget process began in January 2007. Study Sessions were held with the City R2e5.0. O`]-Lo12no. 0'7-413 �e . RDA 07-3 reso . U7 -L41 Adopfed: oq-N )- ReSO- Re5o. a -7-N S Re5o. RDA Or7_y Council on Febuary 6 and May 8, 2007. The proposed balanced budget was presented to the Council and a Public Hearing was held on May 22, 2007. The City's budget totals $159,048,379. This spending plan is consistent with the City Council's policy which is to ensure that on-going expenditures are under on-going revenues. For Fiscal Year 2007-2008, on-going expenditures total $124 million and on-going revenues total $144 million. The 2007-2008 Annual Budget and Five -Year Capital Improvement Program has been reviewed by the Planning Commission and the Parks, Recreation & Community Services Commission. On June 5, 2007, the Planning Commission made a finding that the Fiscal Year 2007-2008 Budget and Five -Year Capital Program was consistent with the General Plan. The first three Resolutions pertain to the adoption of the budget, adoption of the Five -Year Capital Improvement Program, and setting the appropriations limit, which is required by law. The fourth Resolution elects to receive all or a portion of the tax revenues pursuant to the Health and Safety Code Sections 33676 and 33607.5. The fifth Resolution allows the City Council to approve a loan to the Santa Clarita Redevelopment Agency in the amount of $1 million to start efforts with the County of Los Angeles to realize a new Newhall Library that will be the centerpiece of the redevelopment area. Funding for this project is consistent with implementation efforts associated with the Downtown Newhall Specific Plan. The sixth Resolution amends the City's Position Classification Plan. Finally it is necessary to make adjustment to the Fiscal Year 2006-2007 budget for year-end close. These adjustments are detailed in Exhibits A & B. This meeting concludes this year's budget process. By adopting the Resolutions and approving the attachments, the City Council is finalizing the Fiscal Year 2007-2008 Annual Budget and Capital Improvement Program, which will be effective July 1, 2007. ALTERNATIVE ACTIONS Other action as determined by the City Council / Redevelopment Agency. FISCAL IMPACT Adoption of the Fiscal Year 2007-2008 balanced budget provides a spending plan for the 2007-2008 fiscal year in the amount of $159,048,279. This spending plan is consistent with the City Council's policy which is to ensure that on-going expenditures are under on-going revenues. For Fiscal Year 2007-2008, on-going expenditures total $124 million and on-going revenues total $144 million. ATTACHMENTS Resolution Making the Appropriations in the Amount Budgeted for Fiscal Year 2007-2008 Resolution Adopting the Five -Year Capital Improvement Program Resolution Setting the Appropriations Limit for Fiscal Year 2007-2008 Resolution Electing to Receive All or a Portion of the Tax Revenues Pursuant to Health and Safety Codes Resolution Approving the Loan to the Santa Clarita Redevelopment Agency Resolution Amending the Position Classification Plan Exhibits A & B - Fiscal Year 2006-2007 Adjustments Exhibit C - Promissory Note to the City of Santa Clarita Resolution for the Santa Clarita Redevelopment Agency Adopting the Annual Budget for Fiscal Year 2007-2008 and Making the Appropriations for the Amount Budgeted Resolution of the Santa Clarita Redevelopment Agency Accepting a Loan from the City of Santa Clarita EXHIBIT A CITY OF SANTA CLARI TA Budget Adjustments (ALL FUNDS) Fiscal Year 2006.2007 Revenue Adjustments 001 6116 Fee to Expedite-B&S 001 61402 Fee to Expedite-Dev. Srvos Revenue Total Exoendjture Adjustments 211 7441 COPS Grant 108 74954 BJA Grant 001 4210 PermiVPlan Check 001 4312 Development Services 356 2279 Landscape Maint. District Expenditure Total Exhibit A Budget Adjustments Description $ 46,185 Expedited Plan Check revenue $ 60,605 Expedited Plan Check revenue Is 106,790 Budget Adjustments Description 8001 $ 3,774.34 Appropriation of grant fund interest 8001 $ 725.03 Appropriation of grant fund Interest $016 $ 46,185 Expedited plan check expenditures 8016 $ 60,605 Expedited plan check expenditures 7371 $ 225,000 Appropriation correction $ 336,289.37 EXHIBIT B CITY OF SANTA CLARITA Budget Transfers (ALL FUNDS) Fiscal Year 2006-2007 Dept Fund Division Acct. AcoountMtle Budoet Transfer Description AS 001 2220 7011 Regular Employees $ (12,000) Salary Savings AS 001 2221 8001 Contractual Services $ 12,000 Coverage for personnel vacancies In mall services AS 001 2221 $001 Contractual Services $ (16,000) Transfer to correct account AS 001 2221 7015 Temporary Employees $ 16,000 Original base budget location AS 001 2314 7015 Temporary Employees $ (16,000) Temporary Employee savings ' AS 001 2314 8110 Professional Services $ 16,000 Consultant for Oak Tree Data Collection CD 104 3311 8001 Contractual Services $ (20,000) Transfer to correct account CD 104 3335 8001 Contractual Services $ 20,000 Corrected account for mid -year DP CD 001 3110 7011 Regular $ (49,815) Salary Savings CD 001 3110 7101 Health $ (8,046) Salary Savings CD 001 3110 7110 Life Insurance $ (129) Salary Savings CD 001 3110 7115 Disability $ (334) Salary Savings CD 001 3110 7120 Medicare $ (722) Salary Savings CD 001 3110 7130 Workers Compensation $ (1,732) Salary Savings CD 001 3110 7140 PERS $ (9,740) Salary Savings CD 001 3110 7150 Deferred Comp $ (1,500) Salary Savings CD 001 3110 7160 Unemployment $ (150) Salary Savings CD 001 3110 8003 Anexation Services $ 72,168 Consultant Services for las Lomas PRCS 001 P2001-001 8001 Contractual Services $ (8,000) Contractual Services PRCS 001 7631 8001 Contractual Services $ 8,000 Public art fountain PRCS 001 7361 8110 Professional Services $ (25,194) Professional Services PRCS 7632 8110 Professional Services $ 25,194 Concerts in the Park CMO 001 1210 8110 Professional Services $ (12,000) Professional Services PRCS 001 7100 8117 Graphics $ (20,000) Admin Graphics PRCS 001 7100 8110 Professional Services $ (10,000) Admin Professional Services PRCS 001 7633 7312 Special Events $ (5,228) Special Events PRCS 001 7631 7308 Printing $ (11,899) Transfer to correct account PRCS 001 7631 7310 Advertising $ (3,465) Transfer to correct account PRCS 001 7611 8110 Professional Services $ 62,592 Graphics for Multiple Events DMO 001 1210 7011 Salary Savings $ ` (62,368.10) Salary Savings CMO 001 1210 8110 Professional Services $ 14,000 Temporary Salary CMO 001 1210 8610 Equipment $ 5,368 AudloftV CMO DOt 1210 7312 Graphic Design $ 12,000 Graphics Standards Consultant CMO 001 1210 7307 Office Supplies $ 3,500 Office Furniture CD 001 3110 8110 Professional Services $ 27,500 Professional Services Exhibit 8