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Home My WebLink About2008-03-04 - AGENDA REPORTS - FY 2008 2009 BUDGET (2)Agenda Item: Z— CITY OF SANTA CLARITA INTEROFFICE MEMORANDUM TO: Mayor Kellar and Members of the City Council Chair Berger and Members of the Planning Commission Chair Hauser and Members of the Parks, Recreation & Community Services Fenmiss' nFROM: P skamp, Cit Manager DATE; March 4, 2008 SUBJECT: FISCAL YEAR 2008-2009 BUDGET RECOMMENDED ACTION City Council, Planning Commission and Parks, Recreation & Community Services Commission receive the presentation on the state of the budget including the budget message, the City's fiscal status and outlook. BACKGROUND Each year the City goes through a budget process to develop the annual budget. The process is about six months, usually beginning in January and culminating in June with the adoption of a balanced annual budget. The budget process involves the City Council, the Executive Team, all City departments, and the community. Information on the budget process is being presented to the Council, the Planning Commission, and the Parks, Recreation & Community Services Commission for review and discussion. KRP: TH.js' S:WS\Budget 06-07\Study Session\3-4-08 Study Session memo.doc ,t City of Santa Clarita FY 2008-2009 Budget Study Session City Council Planning Commission Parks, Recreation and Community Services Commission March 4, 2008 Meeting Purpose ■ Introduce FY 2008-2009 Budget Theme and Priorities ■ Current and Future Challenges ■ Review the City's Revenue Health and . General Fund Financial Projections ■ Budget Calendar Highlights 1 Futuristic Approach. ■ Downtown Newhall Specific Plan ■ North Newhall Specific Plan ■ OVOV ■ Parks and Recreation Master Plan ■ Open Space Preservation District ■ Non -Motorized Plan ■ Enterprise Zone ■ Clean-up of the Whittaker Bermite Site ■ Cemex Opposition ■ South Santa Clarita Annexation ■ Public Safety including City Business Alliance and Neighborhood Watch Programs ■ Proactive Community Preservation Budget Theme... ""Designing Our 0 Future" 2 .J City Council Capital Priorities ■ Sports Complex Expansion ■ Central Park Expansion ■ Canyon Country Community Center o Old Town Newhall Library and Specific Plan ■ Cross Valley Connector ■ Joint County and.City Civic Center Current & Future Challenges ■ The Housing Market ■ Annexations (Castaic and West Ranch) ■ Infrastructure Needs ® Anticipated Growth 3 San Diego Budget Problems Endemic, City Government Short Sighted by: Lucas O'Connor Thu Feb 21, 2008 of 15:53:19 PM PST In what should come as little surprise given San Diego's general strategy of not looking past its own proverbial nose in most planning issues (plus hey, we're in California right?), a VALLE70 -- Vallejo Police and,firefighters will give up 6.5 percent of an 8-5 raise they received last year and accept SO percent of leave buyouts as part of a tentative agreement their unions reached with the city to try to avoid bankruptcy. M Brentwood announces city City lays Off 11 w4kerS layoffs I.PAI.MDALE — 14 Its first layoffs since 6y Hila.y ceeW 1997, the city of Palmdale has let go 11 employees in the, en lannin P g gineeiin� STAFF WRITER and building and safety de Partnient;S dui Article Launched: 02/01/2008 12:03:12 PM PST to the slumping housing and :fiiianeial: Brentwood officials announced the first employee markets.,-?; . layoffs In tha city's recent history Friday morning. •'-:;;=.i;:?•;r A S - The city cited a nearly 6,;'pe ci r decline in revenue from those Seven positions In development-related departmen• - ..... . :.three _ �e o mo ,� „o'vo Iimino,nA , e Report: Sacramento Needs to Cut 500 Jobs $40000 Vallejo Releases WON-by Jason Kobel,. Infernal News Vroeucar $1/'milli( $ Nearly 500 Sacramento city Jobs will need to go unfilled and tedto -d( 18-09 fis Cos`t-Curtin 9 several hundred employees could wind up out of a job to help the;ij( alre . Labor P 1 a n city handle Its current budget shortfall, a hew city report finds. _e depa Of the city's more than 5,200 jobs, about 500 will have to be cut 11ting in POSTE: 12:44 pm PST M—t, 1, 2008 from the budget to help Sacramento leaders make up a nearly � �. UPDATE-0: 1:07 pm PST Marcl, 1, 2008 $50 million shortfall in the 2008-09 fiscal year. San Diego Budget Problems Endemic, City Government Short Sighted by: Lucas O'Connor Thu Feb 21, 2008 of 15:53:19 PM PST In what should come as little surprise given San Diego's general strategy of not looking past its own proverbial nose in most planning issues (plus hey, we're in California right?), a VALLE70 -- Vallejo Police and,firefighters will give up 6.5 percent of an 8-5 raise they received last year and accept SO percent of leave buyouts as part of a tentative agreement their unions reached with the city to try to avoid bankruptcy. M i Good Business Budgeting policies and rvative City's Ith udget General Fund Base Budget.Snapshot . Assumes we add nothing ® Only a preliminary estimate ■ FY 2008-2009 General Fund Base Budget Includes: - Total Revenues: $86,981,516 - Total Operating Expenditures: $80,113,575 - Total Capital: $4,000,570 - Operating Reserve: $11,500,000 (15%) 5 General Fund Expenditure & Revenue Comparison General Fund Revenues Sales Tax Prop Tax in Lieu of VLF »1 FEMA/OES Property R imm burseents _ ' + { �. Tax Transfers In State Rev. Code Fines E ok V Development ' OtherTOT Parks & Franchise Interest Inco me Rec. Fees Real Prop. VLF Transfer Tax A Budget Calendar Highlights ■ Subcommittee Meeting — April 3 ■ Subcommittee Meeting — April 24 ■ Budget Study Session — May 6 ■ Optional Budget Study Session — May 14 ■ Subcommittee Meeting — May 28 ■ Planning Commission Budget Presentation — June 3 ■ PR&CS Budget Presentation — June 5 ■ City Council Budget Hearing — June 10 ■ City Council Budget Adoption — June 24 7