HomeMy WebLinkAboutRes 04-86 FY 2003/2004 Year-End AdjustmentsCITY OF PALM DESERT
FINANCE DEPARTMENT
STAFF REPORT
REQUEST: Approve amending the fiscal year 2003-2004 Budget as a result of Year -End
Adjustments.
Date: August 26, 2004
CONTENTS: Resolution
Recommendation:
1. By Minute Motion, approve Resolution 04- 86 Amending the fiscal year 2003-
2004 Budget as a result of Year -End Adjustments.
Background:
Staff has completed a year end analysis of the current budget and financial position of the
City. The final revenues for the General Fund are 37.9 million versus expenditures of
34 million. Sales Tax ended up at $15.1 million and T.O.T. at 7.6 million.
Original Budget Revised Budget Actual Est. Revenue/Expense
Revenues 36,585,293 36,585,293 37,900,000
Expenses 36,323,737 38,826,038 34,000,000
The following are additional amounts needed due to posting our year end accrual of
expenses. There are several departments that staff is requesting adjustments to, however,
the overall affect is no change to appropriations since we are transferring fund from one
department to another:
• $7,400 for optical imaging for Finance records.
• $200 for actual unemployment payments for crossing guards.
• $19,000 for auditing TOT, Waste Management and Time Warner Cable.
• $32,000 for General Services for Telephone maintenance contract.
• $66,000 for Outside Agency Funding for increase cost of Senior Center.
• Decrease $124,600 from Data Processing to transfer budget to departments listed
previously.
Other Funds:
• $5,000 for City -Wide Promotions Fund.
• $5,000 for El Paseo Merchants Advertising.
• $22,500 for Presidents Plaza I and III for maintenance.
• $10.4 Million for actual transfer of funds to cover Westfield Mall Parking.
Year End Budget Adjustments FY 03-04
Submitted By:
/a4e-MA
Approval:
RESOLUTION NO. Q4-86
Paul S. Gibson Carlos Ortega ity Manager
Director of Finance/City Treasurer
RESOLUTION NO.04-` 86
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2003-2004
BUDGET AS A RESULT OF YEAR-END ADJUSTMENTS.
WHEREAS, as a result of a Year -End review of the budget, it is desirable to revise
the 2003-04 Budget;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm
Desert, California, that the 2003-04 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 2003-04 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 2003-04.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
City Council held on this 26th day of August, 2004, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
ROBERT A. SPIEGEL, MAYOR
ATTEST:
RACHELLE KLASSEN, CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
FUND/
DEPARTMENT
CITY OF PALM DESERT
YEAR-END 2003-04 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
REVISED CHANGE
APPROPRIATIONS INC/(DEC)
GENERAL FUND
Finance 7,400
Unemployment 200
Audit 19,000
General Services 32,000
Outside Agency 66,000
Data Processing (124,600)
GENERAL FUND EXPENSE- NET CHANGE $( 0
Other Funds:
El Paseo Merchants $ 5,000
City - Wide Promotions $ 5,000
Presidents Plaza I & III Parking District $22,500
Town Center Parking Transfers Out $10,400,000
)
RES: 04- 86
Exhibit "A"