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HomeMy WebLinkAboutA Proposed Financial Plan for Fiscal Year 2004-2005CITY OF PALM DESERT FINANCE DEPARTMENT STAFF REPORT REQUEST: CONSIDERATION OF THE ADOPTION OF THE CITY MANAGER'S AND EXECUTIVE DIRECTOR'S PROPOSED FINANCIAL PLAN FOR FISCAL YEAR 2004-2005 DATE: JUNE 24, 2004 CONTENTS: 1. Resolution No. 04 - (See item No. 2) 2. Resolution No. 04 - (See item No. 3) 3. Resolution No. (See item No. 4) 4. Resolution No.HA - (See item No. 5) 5. Resolution No. 04 - (See item No. 6) 6. Resolution No. 04- (See item No. 7) Recommendation: By Minute Motion: 1. Convene the Redevelopment Agency and Housing Authority meeting to conduct a joint -public hearing on the proposed City, Agency and Housing Authority budgets; 2. Waive further reading and adopt Resolution No. 04- , adopting a City program and financial plan for the Fiscal Year July 1, 2004, through June 30, 2005; 3. Adopt Resolution No. 04- , establishing the Appropriations Limit for the 2004-2005 Fiscal Year; 4. Waive further reading and adopt Resolution No. , adopting a Redevelopment Agency program and financial plan for the Fiscal Year July 1, 2004, through June 30, 2005; 5. Waive further reading and adopt Resolution No. HA- , adopting a Housing Authority program and financial plan for the Fiscal Year July 1, 2004, through June 30, 2005; Staff Report June 27, 2002 Page 2 of 2 6. Waive further reading and adopt Resolution No. 04 - , setting the salary schedule, salary ranges and allocated classifications. 7. Waive further reading and adopt Resolution No. 04- , setting the mileage reimbursement rate. 8. Recess the Redevelopment Agency and Housing Authority meetings to the close of the City Council meeting The Revised General Fund Revenue are estimated at $39,041,000 (Excludes Fire) and General Fund Expenditures are estimated at $38,376,768 or an increase in fund balance of $664,232. Submitted By: Paul S. Gibson, Director of Finance Approval: Carlos L. Ortega, C'i Manager/RDA Executive Director H:1WP511Bud 04-051Budget-final stfrprt 04-05.wpd