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HomeMy WebLinkAboutCC RES 2016-85RESOLUTION NO. 2016-85 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2015-2016 BUDGET AS A RESULT OF YEAR-END ADJUSTMENTS WHEREAS, as a result of a mid -year review of the budget, it is desirable to revise the Fiscal Year 2015-2016 Budget to reflect actual revenues and expenses; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm Desert, California, that the Fiscal Year 2015-2016 Budget is hereby revised as follows: 1. The amounts shown in the column entitled "Revised Appropriations" in the table entitled "City of Palm Desert, Year End 2015-2016 Budget Review, Revised Appropriations Operating Budget", attached hereto as Exhibit "A", are hereby appropriated to the departments, activities and projects identified therein as the Operating Budget for Fiscal Year 2015-2016. 2. The amounts shown in the column entitled "Revised Estimated Revenue" in the table entitled "City of Palm Desert, Year End 2015-2016 Budget Review, Revised Estimated Revenues", attached hereto as Exhibit "B", are hereby accepted as the Estimated Revenues for the Fiscal Year 2015-2016 for each fund and revenue source. PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert City Council held on this 10th day of November, 2016, by the following vote, to wit: AYES: AARNIK, JONATHAN, TANNER, WEBER, and SPIEGEL NOES: NONE ABSENT: NONE ABSTAIN: NONE OBERT A. SPTEGV'L, MAttO 7 ATTEST: GK-t- , n RACI'IELLE D. KLASSEN, CI CLERK / CITY OF PALM DESERT, CALIFORNIA RESOLUTION NO. 2016-85 [This page has intentionally been left blank.] RESOLUTION NO. 2016-85 City of Palm Desert Year -End Budget Adjustments Fiscal Year 2015-2016 Exhibit A Proposed Budget Department Category Adjustment (Decrease) City Clerk 1104111-4112200 Ins Prem - Dental/Vision $ 8,000 Medical charge separation 1104111-4321000 Req Legal Advertising $ 4,900 Additional legal advertising Total City Clerk $ 12,900 City Manager 1104130-4100100 Salaries $ 129,200 Severance Total City Manager $ 129,200 Special Programs 1104132-4112200 Ins Prem - Dental/Vision $ 500 Medical charge separation Total Special Programs $ 500 Unemployment 1104191-4112600 Unemployment Ins. State (No Budget) $ 7,020 Year-end adjustment on case by case basis Total Unemployment $ 7,020 General Services YE Adj and true up Unf Liab paymet for Valuation 1104159-4111500 Retiremt Contrib (Intl Unf Liab Pymts) $ 487,255 per. 14-15, 15-16 and est 16 17 Total Energy $ 487,255 Traffic Safety 1104250-4351400 Utilities - Electric $ 6,900 Electric services Total Public Wk Building Maint. $ 6,900 Public Works -Park Maint 1104611-4332001 Landscaping Services $ 12,400 Additional landscaping maintenance Total Landscaping $ 12,400 Capital Outlay 110XXXX-4XXX00 Y/E Adjustment various depts $ 110,500 Financial Stmt Adj done at YE Total Capital $ 110,500 Interfund Transfers Out 1104199-4501000 Interfund Transfers $ 282,000 Cover compensated absences 1104199-4501000 Transfer fm GF to Retiree Health $ 480,000 Total Interfund Transfers $ 762,000 Total General Fund Appropriations I $ 1,528,675 I ADDED - ALL OTHER FUNDS Traffic Safety (210) 2104199-4501000 Interfund Transfers $ 30,300 Interfund Transfers $ 30,300 Transfer to GF for Street Resurfacing Public Safety Police Grants (229) 2294210-4391400 COPS AB3229 $ 22,000 Additional program funds 2294210-4392000 PACT Position $ 178,300 To budget for approved program expenditures Total Public Safety Police Grants (229) $ 200,300 Art in Public Places (436) 4364650-4400100 Capital Outlay $ Total AIPP $ ISF-Compensated Absences (577) 5774195-4102000 10,100 To budget for Capital project 10,100 Comp Payable Changes $ 292,900 Total ISF-Compensated Absences $ 292,900 YE adjustment for compensated absences Exhibit A -approve Res amending year-end budget 2015-2016 Page 1 RESOLUTION NO. 2016-85 City of Palm Desert Year -End Budget Adjustments Fiscal Year 2015-2016 Proposed Revenue Adjustments: Revenue Adjustment 1100000-3111030 Property Taxes $ 786,000 1100000-3133000 Sales Tax $ 495,000 1100000-3611000 Interest Earnings $ 367,500 1100000-3188300 Transient Occupancy Tax $ 366,000 1100000-3188330 Transient Occupancy Tax - Short Term $ 309,000 Total General Fund Revenue Adjustments I $ 2,323,500 I OTHER FUNDS: Retiree Health Fund (576) 5760000-3910000 Transfers In (From General Fund) $ 480,000 Total Retiree Health Revenue I $ 480,000 I Traffic Safety (210) 2100000-3511100 Public Safety Police Grants (229) 2290000-3423001 2290000-3347204 Interfund Transfers $ Exhibit B Residual Pymt Inc former RDA property sales Interest Rates up Non -Convention Hotels Increase Short-term Rental Increase 33,000 Additional funds collected Interfund Transfers I $ 33,000 I COPS AB3229 $ 22,000 PACT Position $ 178,300 Total Public Safety Police Grants (229) I $ 200,300 I ISF-Compensated Absences (577) 5770000-3910000 Comp Payable Changes Total ISF-Compensated Absences I$ Additional program funds To budget for approved program expenditures 282,000 Transfer In to cover Comp Payable liability 282,000 I Exhibit A -approve Res amending year-end budget 2015-2016 Page 2