HomeMy WebLinkAboutB Res No. 04-71 - City of Palm Desert Financial Plan FY 2004-2005CITY OF PALM DESERT
FINANCIAL PLAN
FISCAL YEAR 2004-2005
Item 2
RESOLUTION NO. 04-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM DESERT, CALIFORNIA, ADOPTING A PROGRAM
AND FINANCIAL PLAN FOR THE FISCAL YEAR JULY 1,
2004 THROUGH JUNE 30, 2005.
WHEREAS, the City Council has received and considered the proposed
Program and Financial Plan submitted by the City Manager on June , 2004; and
WHEREAS, after due notice, the City Council held a public hearing on the
proposed plan.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Palm Desert, California, that:
1. The amounts shown on Exhibit 1, "Estimated Revenues", are hereby accepted as
the Estimated Revenues for the 2004-05 Fiscal Year for each fund and revenue source.
2. The amounts shown on Exhibit 2, "Appropriations" are hereby appropriated, to the
departments and activities indicated. The City Manager, or his duly appointed
representative, will have the authority to approve intra-departmental budgeted line item
variations; additional appropriations or inter -departmental budget transfers will be
specifically approved by further City Council action during the 2004-05 fiscal year as the
need arises.
3. The amounts shown on Exhibit 3, "Continuing Appropriations, Existing Capital
Projects", are hereby accepted as continuing appropriations from the 2003-04 Fiscal Year.
The amounts included in this exhibit include all unexpended amounts from purchase orders
and contracts encumbered by June 30, 2004.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm
Desert City Council held on this day of June, 2004, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
RACHELLE KLASSEN, CITY CLERK ROBERT A. SPIEGEL, MAYOR
CITY OF PALM DESERT, CALIFORNIA
xii
PALM DESERT ESTIMATED REVENUES, Exhibit 1, Res#04-
1st Year 2nd Year
Actual Adopted Projected Budget Budget
CATEGORY / FUND FY 02-03 FY 03-04 FY 03-04 FY 04-05 FY 05-06
General Fund:
1. Sales tax 13,463,197 13,575,000 14,000,000 14,700,000 16,300,000
2. Transient occupancy tax 6,816,682 7,350,000 7,350,000 7,350,000 7,570,000
3. Property tax 3,078,046 2,850,000 3,300,000 3,400,000 3,475,000
4. interest 1,573,165 2,100,000 1,600,000 2,000,000 2,200,000
5. Transfers in 2,450,600 1,000,000 1,100,000 1,100,000 1,150,000
6. Franchises 2,211,901 2,150,000 2,300,000 2,350,000 2,400,000
7. State subventions(VLF) 2,633,734 2,600,000 1,900,000 2,798,000 2,860,000
8. Building & grading permits 968,686 862,400 934,000 932,500 932,500
9. Reimbursements 1,468,226 1,145,500 1,368,500 1,270,500 1,270,500
10. Business license tax 948,437 950,000 975,000 1,000,000 1,100,000
11. Timeshare mitigation fee 262,403 250,000 350,000 450,000 450,000
12. Plan check fees 826,168 565,000 570,000 570,000 570,000
13. Property transfer tax 689,147 450,000 550,000 450,000 450,000
14. Other revenues 1,299,867 737,393 614,000 670,000 670,500
Totals General Fund
38,690,259 36,585,293 36,911,500 39,041,000 41,398,500
PALM DESERT ESTIMATED REVENUES, Exhibit 1, Res#04-
CATEGORYFFUND
Fire Tax Fund:
1. Structural Fire Tax
2. Prop. A. Fire Tax
3. Interfund Transfers In
TOTAL FIRE AND GENERAL FD 43,840,259 41,435,293 41,761,500 44,598,000 47,756,500
1st Year 2nd Year
Actual Adopted Projected Budget Budget
FY 02-03 FY 03-04 FY 03-04 FY 04-05 FY 05-06
2,250,000
1,400,000
1,500,000
2,450,000
1,400,000
1,000,000
2,450,000
1,400,000
1,000,000
2,900,000
1,900,000
757,000
2,958,000
1,900,000
1,500,000
Gas Tax Fund:
1. Gas Tax 923,540 848,000 848,000 880,000 900,000
2. Interest 11,431 15,000 15,000 15,000 30,000
Total Gas Tax
934,971 863,000 863,000 895,000 930,000
Traffic Safety Fund:
1. Vehicle Fines 203,328 120,000 175,000 200,000 240,000
2. Interest 2,064 2,000 2,000 5,000 4,500
Total Traffic Safety Fund
205,392 122,000 177,000 205,000 244,500
Measure A Fund:
1. Sales Tax 2,177,816 2,100,000 2,200,000 2,275,000 2,350,000
2. Reimbursements 2,516,091 1,954,000 1,954,000 - -
3. Interest 113,240 44,678 40,000 70,000 75,000
Total Measure A Fund
4,807,147 4,098,678 4,194,000 2,345,000 2,425,000
Housing Mitigation Fund:
1. Development Fee 165,083 30,000 200,000 30,000 30,000
2. Interest 2,387 4,000 2,500 2,500 2,500
Total Housing Mitigation Fund:
167,470 34,000 202,500 32,500 32,500
CDBG Block Grant Fund:
1. CDBG Block Grant 217,612 400,000 400,000 400,000 400,000
2. Reimbursements 65,115
3. Interest 5,059
Total CDBG Fund
Public Safety Grant Fund:
1. Federal Grants
2. State Grants
3. CityMatching Contribution
4. Interest
287,786 400,000 400,000 400,000 400,000
32,986
176,122
8,383
1,509
32,000
121,700
3,300
1,000
32,000
100,000
6,400
1,000
32,000
100,000
6,400
1,000
32,000
100,000
6,400
1,000
Total Public Safety Fund
New Construction Tax Fund:
1. Development Fee
2. Reimbursements
3. Interest •
Total New Construction Fund
Drainage Facility Fund:
1. Development Fee
2. Reimbursements
3. Interest
219,000 158,000 139,400 139,400 139,400
408,541 200,000 420,000 200,000 200,000
86,890 100,000 80,000 80,000 80,000
495,431 300,000 500,000 280,000 280,000
221,752
160,981
113,763
50,000 200,000 50,000 50,000
100,000 50,000
90,000 30,000
Total Drainage Facility Fund 496,496 150,000 250,000 140,000 80,000
PALM DESERT ESTIMATED REVENUES, Exhibit 1, Res#04-
1st Year 2nd Year
Actual Adopted Projected Budget Budget
CATEGORY f FUND FY 02-03 FY 03-04 FY 03-04 FY 04-05 FY 05-06
Park & Recreation Fund:
1. Development Fee 207,154 50,000 30,000 30,000 30,000
2. Reimbursements
3. Interest 47,932 10,000 2,000 2,000 2,000
Total Park & Recreation Fund 255,086 60,000 32,000 32,000 32,000
Signalization Fund:
1. Development Fee
2. Reimbursements
3. Interest
118,868 10,000
24,186
40,000
100,000
5,000
10,000 10,000
1,000 1,000
Total Signalization Fund
143,054 10,000 145,000 11,000 11,000
Waste Recycling Fund:
1. Waste Recycling Fee 562,297 470,000 500,000 500,000 500,000
2. Reimbursements 159,351
3. Interest 68,592 50,000 50,000 50,000
Total Waste Recycling Fund
790,240 470,000 550,000 550,000 550,000
Air Quality Management Fund:
1. Air Quality Fee 49,227 40,000 50,000 50,000 50,000
2. Reimbursements 846
3. Interest 1,613 2,000 1,000 1,000 1,000
Total Air Quality Fund
51,686 42,000 51,000 51,000 51,000
City Wide Business Prom. Fund:
1. Business License 41 Day Use Fee(COD) 48,386 50,000 50,000 50,000 50,000
2. Reimbursements
3. Interest 1,081 1,000 1,000 1,000 1,000
Total Business Prom. Fund 49,467 51,000 51,000 51,000 51,000
Art in Public Places Fund:
1. Development Fee 326,183 250,000 250,000 200,000 100,000
2. Reimbursements 2,227
3. Interest 36,978 44,000 15,000 15,000 15,000
Total AIPP Fund
365,388 294,000 265,000 215,000 115,000
AIPP Maintenace Fund:
1. AIPP Transfers In 2,252 3,000 3,000 3,000
2.Reimbursements
3. Interest 6,966 17,000 1,000 1,000 1,000
Total AIPP Maint. Fund 9,218 17,000 4,000 4,000 4,000
PALM DESERT ESTIMATED REVENUES, Exhibit 1, Res#04-
1 st Year 2nd Year
Actual Adopted Projected Budget Budget
CATEGORY / FUND FY 02-03 FY 03-04 FY 03-04 FY 04-05 FY 05-06
Golf Course MainUlmprov Fund:
1. Time Share Mitigation & Amenity Fees 656,807 926,000 326,000 300,000 300,000
2. Reimbursements
3. Interest 30,247 15,000 5,000 5,000 5,000
Total Golf Course Maint. Fund
687,054 941,000 331,000 305,000 305,000
Retiree Health Fund:
1. General Fund Contribution 520,500 418,000 418,000 418,000 418,000
2. Reimbursements
3. Interest 92,046 50,000 300,000 200,000 200,000
Total Retiree Health Fund 612,546 468,000 718,000 618,000 618,000
El Paseo Merchant Fund:
1. El Paseo Merchant Fee(Business License)
202,195 180,000 200,000 200,000 200,000
Total El Paseo Fund
2010 Capital Project Reserve:
1. State, Federal, CVAG Reimb.
2. General Fund Transfer In
3. Interest
202,195 180,000 200,000 200,000 200,000
2,788,382 11,409,751 1,000,000 10,389,000
6,574,079
397,124 100,000 50,000 25,000
Total Capital Project Fund
9,759,585 11,409,751 1,100,000
10,439,000 25,000
Library Fund:
1. General Fund Transfers In 85,000 83,000 83,000 100,000 150,000
2. Reimbursements
3. Interest
Total Library Fund
85,000 83,000 83,000 100,000 150,000
Parkview Office Complex Fund:
1. Rent/Leases of Buildings 843,814 822,000 822,000 826,500 850,000
2. State Reimbursements
3. Interest 7,982 52,500 8,400 8,400 8,400
Total Parkview Office Fund 851,796 874,500 830,400 834,900 858,400
Equipment Maint. Fund:
1. General Fund Transfer In 3,208,063 213,000 213,000 193,000 213,000
2. Reimbursements
3. Interest 843 0
Total Equipment Maint. Fund
3,208,906 213,000 213,000 193,000 213,000
Desert Willow Golf Fund:
1. Golf Course & Resturant Revenue 7,452,934 7,531,879 7,864,786 8,081,900 8,243,538
2. Reimbursements
3. Interest
Total Desert Willow Fund 7,452,934 7,531,879 7,864,786 8,081,900 8,243,538
14� DESE T APPROPR TION.
FISC IL YEAR 2Qd4 Wx 05 ail `;, ,`
DEPARTMENT TITLE
APPROPRIATIONS
FY 2004-2005
GENERAL FUND
City Council
City Clerk
Elections
Legislative Advocacy
City Attomey
Legal Special Services
City Manager
Community Services
Finance
Independent Audit
Human Resources
General Services
Data Processing
Unemployment Insurance
261,410
374,650
53,000
61,600
144,000
345,000
672,350
1,431,100
1,274,825
50,000
752,800
396,700
855,150
Insurance 522,500
Interfund Transfers 1,100,000
Police Services 11,508,700
Animal Regulation 190,000
Nuisance Abatement
P.W-St Light/Traffic Sfty 618,000
Development Services 603,300
Public Works- Admin 2,508,301
Public Works -Street Maint 1,690,200
PW-Street Resurfacing 1,300,000
PW-Curb & Gutter 170,000
PW-Cross Gutter
PW-Tie in Paving 35,000
PW-Striping 77,500
PW-Corp. Yard 70,800
PW-Equipment 260,000
PW-Public Bldg-Opr/Maint. 451,900
PW-Portola Community Center 74,600
PW- Auto Fleet
NPDES-Storm Water Permit
Community Promotions
Marketing
Civic Art Committee
Visitors Information Center
Building & Safety
Building - Demolition
Code Enforcement
Business Support
Planning & Community Dev
Environmental Conservation
PW- Park maintenance
PW- Civic Center Park
PW-Landscape Services
Outside Agency Funding
TOTAL GENERAL FUND
40,000
1,745,300
895,909
376,500
2,425,600
895,673
1,240,800
1,683,500
563,600
656,500
38,376,768
FUND NAME
APPROPRIATIONS
FY 2004-2005
TRAFFIC SAFETY
GAS TAX
MEASURE A
HOUSING MITIGATION FEE
COMMUNITY DEVELOPMENT
PUBLIC SAFETY GRANTS
PROP AFIRE TAX
NEW CONST TAX
DRAINAGE FACILITY
205,000
895,000
1,860,000
32,500
400,000
139,400
6,562,000
84,000
PARK AND REC 657,500
SIGNALIZATION 638,500
WASTE RECYLCING FEES 200,000
AIR QUALITY MGMT 38,000
CITY WIDE BUSINESS PROM 51,000
PARK & RECREATION 210,000
2010 PLAN RESERVES 12,259,000
DRAINAGE 2,320,000
LIBRARY 320,000
ART IN PUBLIC PLACES 666,408
MAINTENANCE OF ART 50,000
Enterprise Fund - Parkview Office Complx 435,850
Enterprise Fund - Desert Willow 8,466,277
Equipment Replacement Fund 289,000
GOLF COURSE IMPROVEMENTS
Retiree Health
391,000
100,000
FUND NAME
APPROPRIATIONS
FY 2004-2005
DEBT SERVICE FUNDS
Debt Service - 83-1
Debt Service - 84-1 r
Debt Service - 87-1
Debt Service - 92-1
Debt Service - 94-1
Debt Service - 94-2
Debt Service - 94-3
Debt Service - CFD91-1 A
Debt Service - CFD98-1
Debt Service - 01-1
P.D. Financing Auth-RDA
P.D. Financing Auth-City
TOTAL
SPECIAL ASSESSMENT FUNDS
271 El Paseo Merchants
LANDSCAPE & LIGHTING ZONES
277 BUSINESS IMPROVEMENT DISTRICT
TOTAL SPECIAL ASSESSMENT
\bud97\bud-exhi.xlw
347,464
181,187
4,349
10,604
113,049
105,216
753,861
2,013,035
167,187
17,837,918
2,819,582
21,533,870
200,000
345,807
165,932
711,739
CITY OF PALM DESERT
Exhibit 3
CAPITAL IMPROVEMENT PROGRAM NO. 04-
EXISTING PROJECTS IN FISCAL YEAR 2003-04 CONTINUED TO FY 2004-2005
PROJECT TITLE
ESTIMATED
PROJECT
TOTAL FOR
LIFE OF
PROJECT
ACCOUNT
NUMBERS
FUNDING
SOURCES
FY 2002-03
to FY03-04
• SEE NOTE
General Fund 110
None
Measure A Fund 213
Monterey Ave/Freeway Loop
Measure A Fund 213
10,809
Palm Desert High Street Improvements
Measure A Fund 213
453,852
Hwy 111 @ Desert Crossing/Toys "R" Us
Measure A Fund 213
263
Portola/1-10 Interchage
Measure A Fund 213
764,990
Portola Street Improvments
Measure A Fund 213
1,250,218
Monterey Median Improvements
Measure A Fund 213
70,000
Dinah Shore Improvements
Measure A Fund 213
315,000
San Pablo Ave @ Hwy 111 (MIC)
Measure A Fund 213
83,532
Monterey Ave @ Park View Drive/COD
Measure A Fund 213
70,985
New Construction Tax Fund 231
Corporation Yard Improvements
New Const. Tax FD 231
2,796,017
Civic Center Park Storage
New Const. Tax FD 231
100,000
Community Gardens
New Const. Tax FD 231
10,000
Fire Station Expansion (Mesa View
Fire Station No. 67)
231-4624-433.40-01
New Const. Tax FD 231
1,003,691
Drainage Fund 232
Portola AvelDinah Shore Extension
Drainage Fund 232
310,000
Portola Strom Drain - Extend North t
to Frank Sinatra
Drainage Fund 232
3,351,055
Park & Rec Facilities Fund 233
Civic Center Amphitheater
2,010,000
233-4668-454.40-01
Park & Rec Fac. FD 233
1,677,868
Civic Center Park Playground Equipment
Park & Rec Fac. FD 233
100,000
Traffic Signals Fund 234
Kansas Street @ Hovley East
Signalization FD 234
62,074
Portola & Gerald Ford
Signalization FD 234
208,466
Recycling Fund 236
Recycling program
Continuing
236-4195-454.30-90
Recycling Fund 236
0
Capital Pro' Reserve Fund 400
Fred Waring Drive Widening
Year 2010 Fund 400
1,305,343
City Hall Facilities
Continuing
400-4161-415.40-01
Year 2010 Fund 400
249,503
Bus Stop Relocation
Continuing
400-4354-433.40-01
Year 2010 Fund 400
35,300
Redesign & Renovate LL&D
Year 2010 Fund 400
369,476
Fugitive Dust Control Measures
Year 2010 Fund 400
338,370
Monterey Ave - Hovley W. to Country
Club Dr. (MIC)
45,000
400-4371-433.40-01
Year 2010 Fund 400
45,000
Neighborhood Traffic Control
100,000
400-4565-422.40-01
Year 2010 Fund 400
92,155
Major street sidewalk program
Continuing
400-4616-433.40-01
Year 2010 Fund 400
574,918
Major street landscaping
Continuing
400-4614-433.40-01
Year 2010 Fund 400
1,579,622
Sewer Laterals Installations
Year 2010 Fund 400
23,723
Civic Center Well Site
1,305,000
400-4674-454.40-01
Year 2010 Fund 400
1,011,037
Community Gardens
Year 2010 Fund 400
25,000
Facade Program
Continuing
400-4800-454.38-75
Year 2010 Fund 400
560,408
Drainage Facilities Fund 420
Nuisance water inletldrywell program
Continuing
420-4291-433.40-01
Drainage Fund 420
1,008,704
CITY OF PALM DESERT Exhibit 3
CAPITAL IMPROVEMENT PROGRAM NO. 04-
EXISTING PROJECTS IN FISCAL YEAR 2003-04 CONTINUED TO FY 2004-2005
PROJECT TITLE
ESTIMATED
PROJECT
TOTAL FOR
LIFE OF
PROJECT
ACCOUNT
NUMBERS
FUNDING
SOURCES
FY2002-03
to FY03-04
• SEE NOTE
CP Parks & Rec Facilities Fund 430
CC Bonce BaII/Crts/Picnic
77,000
430-4612-454.40-01
Park & Rec Fac. FD 430
77,000
CC Handball Courts
51,000
430-4635-454.40-01
Park & Rec Fac. FD 430
51,000
Hiking Trail
201,000
430-4636-454.40-01
Park & Rec Fac. FD 430
201,000
Teen Center
895,000
430-4637-454.40-01
Park & Rec Fac. FD 430
895,000
Palma Village Park
430-4649-433.40-01
Park & Rec Fac. FD 430
967,800
CC Restrooms
430-4674-454.40-01
Park & Rec Fac. FD 430
149,172
Amphitheater
100,000
430-4668-454.40-01
Park & Rec Fac. FD 430
64,833
Art In Public Places Fund 436
Continuing
AIPP FD 436
512,129
AIPP Projects
CP S/inalization Fund 440
250,000
440-4594-422.40-01
Signalization FD 440
195,652
Traffic Signal Coordination
TOTAL EXISTING PROJECTS
NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2003-04 TO 2004-05
Continuing appropriations are amounts which have been appropriated in FY 2003-04 and are not expected to be expended by
June 30, 2004. These funds are primarily for capital budgets and specific programs that overlap fiscal years. When authorized,
continuing appropriation amounts are added to the new fiscal year budget amounts in order to track all approved spending.
The exact amount of appropriations for canyover In each fund indicated will be determined at the end of the fiscal year during the
preparation of financial statements. This amount will include: 1) purchase orders and contracts encumbered totals and
2) unencumbered balances as of June 30, 200 for appropriations approved by the City Council through the last meeting in
June, 2004.
22,970,965