HomeMy WebLinkAboutRes 05-67 FY 2004/05 Year End AdjustmentsCITY OF PALM DESERT
FINANCE DEPARTMENT
STAFF REPORT
REQUEST: Approve amending the fiscal year 2004-2005 Budget as a result of
Year -End Adjustments.
Date: August 25, 2005
CONTENTS: Resolution
Recommendation:
1. By Minute Motion, approve Resolution 05-_fiL Amending the fiscal year 2004-
2005 Budget as a result of Year -End Adjustments.
Background:
Staff has completed a year end analysis of the FY 2004-05 budget and financial position
of the City. The final revenues for the General Fund are estimated at $41.2 million
versus expenditures of $37.2 million Budgeted, a $4 million increase in fund balance.
Sales Tax will end up at $16.1 million and T.O.T. at $7.35 million. We had significant
increase ($2.3 million) in the Building Permit, Business License and Charges for services
revenues. Expenditures continue to be lower than budgeted mainly within the following
departments: Police, Public Works Administration, Traffic Safety, and Street Resurfacing
which accounts for most of the fund balance increase.
Mid -Year
Original Budget Revised Budget Actual Est. Revenue/Exaense
Revenues 39,041,000 40,241,000 41,200,000
Expenses 38,377,000 42,732,000** 37,200,000
**(Includes carryover of budget from 03-04 for encumbrance purchase orders)
The needed department budget adjustments have no increase to the budget due to
transfers between department budgets. The following is the recommended changes:
• $33,300 for optical imaging for Finance records (past 5 years).
• S13,750 for actual unemployment payments for terminated employees.
• $13,700 for additional legal services on Indian Springs.
• $654,000 for General Services for payment to the State for the General Fund contribution
for E.R.A.F..
• $30,250 for Outside Agency Funding for increase contribution to the after -school
program.
• $46,000 was increased by City Council for increase in City Managers salary and payment
to retiring Secretary.
0 $25,010 for property acquisition from the General Fund.
Year End Budget Adiustments FY 04-05
• Decrease $76,000 from Data Processing to transfer budget to departments listed
previously.
Decrease$ 3 00,000 from Police Services, $200,000 from Public Works Administration,
and $240,210 form Traffic Safety to transfer budget to departments listed previously.
Other Funds:
• $14,500 for additional repair and maintenance of Golf Course medians.
• $32,500 for Art in Public Places Maintenance Fund costs.
• $15,600 for Presidents Plaza I and III for maintenance.
• $114,200 for Housing Mitigation Fund transfer to Housing Fund.
• $218,400 for CDBG Block grants carryover of projects.
Submitted By:
Paul S. Gibson
Director of Finance/City Treasurer
Approval:
Carlos Ort a, Ci Manager
RESOLUTION NO.05- 67
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2004-2005
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 2004-05 Budget;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm
Desert, California, that the 2004-05 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 2004-05 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 2004-05.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
City Council held on this 25th day of August, 2005, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
BUFORD CRITES, MAYOR
ATTEST:
RACHELLE KLASSEN, CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
CITY OF PALM DESERT
YEAR-END 2004-05 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
FUND/ REVISED
DEPARTMENT APPROPRIATIONS
GENERAL FUND
Finance
Unemployment
General Services
Outside Agency
Data Processing
City Manager
Legal Services
Police Services
Public Works Administration
Traffic Safety
Development Services
Property Acquisitioin
GENERAL FUND EXPENSE- NET CHANGE
Other Funds:
Presidents Plaza I & III Parking District
AIPP Maintenance Fund
Golf Course Maintenance
Housing Mitigation Fund
Comm. Dev. Block Grant Fund
CHANGE
INC/(DEC)
33,300
13,750
654,000
30,250
(76,000)
46,000
13,700
(300,000)
(200,000)
(240,210)
200
25,010
0 )
$15,600
32,500
14,500
114,200
218,400
RES: 05- 67
Exhibit "A"