HomeMy WebLinkAboutRES. No. 07-49 CITY OF PALM DESERT
FINANCIAL PLAN
FISCAL YEAR 2007-2008
Item 2
RESOLUTION NO. 07-49
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,
2007 THROUGH JUNE 30, 2008.
WHEREAS, the City Council has received and considered the proposed
Program and Financial Plan submitted by the City Manager on June 28, 2007; 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 2007-08 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 2007-08 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 2006-07 Fiscal
Year. The amounts included in this exhibit include all unexpended amounts from
purchase orders and contracts encumbered by June 30, 2007.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm
Desert City Council held on this 28nd day of June, 2007, by the following vote, to
wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
RACHELLE KLASSEN, CITY CLERK RICHARD KELLY, MAYOR
CITY OF PALM DESERT, CALIFORNIA
ix
PALM DESERT ESTIMATED REVENUES, Exhibit 1
Actual Actual Adopted Projected Budget
CATEGORY I FUND FY 04-05 FY 05-06 FY 06-07 FY 06-07 FY 07-08
General Fund:
1. Sales tax 15,453,148 17,776,928 18,200,000 18,200,000 19,500,000
2.Transient occupancy tax 7,715,624 8,126,574 7,900,000 8,100,000 8,150,000
3. Property tax 4,003,585 5,034,600 4,600,000 5,000,000 5,500,000
4. Interest& Rental Income 1,861,872 3,203,932 2,315,000 2,900,000 2,800,000
5.Transfers in 1,156,747 1,083,587 1,200,000 1,200,000 1,250,000
6. Franchises 2,439,134 2,580,917 2,650,000 2,650,000 2,750,000
7. State subventions(VLF) 3,736,860 3,679,096 3,850,000 3,850,000 4,000,000
8. Building &grading permits 2,234,106 3,241,784 2,070,000 2,000,000 2,150,000
9. Reimbursements 2,169,497 1,855,204 1,587,000 1,550,000 2,396,100
10. Business license tax 1,226,916 1,307,705 1,200,000 1,300,000 1,400,000
11.Timeshare mitigation fee 526,271 661,187 600,000 700,000 750,000
12. Plan check fees 701,215 702,857 800,000 500,000 500,000
13. Propertytransfertax 1,099,665 1,030,412 700,000 500,000 900,000
14. Other revenues 321,758 608,202 389,000 200,000 200,000
Totals General Fund 44,646,398 50,892,985 48,061,000 48,650,000 52,246,100
Fire Tax Fund:
1. Structural Fire Tax 2,700,000 3,100,615 3,862,000 3,862,000 4,400,000
2. Prop.A. Fire Tax 1,568,610 2,553,424 1,900,000 2,553,000 2,550,000
3. Reimbursements 440,402 1,130,396 712,000 715,000 719,000
4. Interest Income 71,426
5. Interfund Transfers In 762,594 982,498 1,852,000 1,852,000 1,852,000
TOTAL FIRE AND GENERAL FD 50,118,004 58,659,918 56,387,000 57,632,000 61,767,100
Page 1-29
PALM DESERT ESTIMATED REVENUES, Exhibit 1
Actual Actual Adopted Projected Budget
CATEGORY/FUND FY 04-OS FY OS-06 FY 06-07 FY 06-07 FY 07-08
Gas Tax Fund:
1. Gas Tax 860,222 1,137,815 906,000 1,278,640 1,330,000
2. Interest 10,378 20,854 14,000 20,000 20,000
Total Gas Tax 870,600 1,158,669 920,000 1,298,640 1,350,000
Traffic Safety Fund:
1.Vehicle Fines 165,764 140,762 200,000 200,000 220,000
2. Interest 2,237 2,905 5,000 5,000 5,000
Total Traffic SafetV Fund 168,001 143,667 205,000 205,000 225,000
Measure A Fund:
1.Sales Tax 2,385,026 2,825,202 2,420,500 2,900,000 2,850,000
2. Reimbursements 554,830 223,335 10,800,000 - 100,000
3. interest 84,258 235,542 75,400 250,000 240,000
Total Measure A Fund 3,024,114 3,284,079 13,295,900 3,150,000 3,190,000
Housinq MitiQation Fund:
1. Development Fee 145,030 1,033,888 200,000 300,000 240,000
2. Reimbursements 2,790,000
3. Interest 1,424 30,223 2,500 30,000 30,000
Total Housinq Mitiqation Fund: 146,454 1,064,111 202,500 330,000 3,060,000
CDBG Block Grant Fund:
1.CDBG Block Grant 588,527 289,559 400,000 432,000 240,000
2. Reimbursements 96,952 - 25,000 - -
3. Interest 6,944 7,000 7,000 7,000 6,500
Total CDBG Fund 692,423 296,559 432,000 439,000 246,500
Child Care Proqram
1. Child Care Fee - 247,624 30,000 500,000 450,000
2. Interest 2,840 5,759 5,000 5,000 10,000
Total Public SafetY Fund 2,840 253,383 35,000 505,000 460,000
Public Safetv Grant Fund:
1. Federal Grants 37,591 19,157 31,500 30,000 20,000
2. State Grants 100,000 - 100,000 105,000 100,000
3. CityMatching Contribution 17,459 - - 1,500 1,500
4. Interest 1,102 1,795 1,000 2,000 2,000
Total Public Safetv Fund 156,152 20,952 132,500 138,500 123,500
Page 1-30
PALM DESERT ESTIMATED REVENUES, Exhibit 1
Actual Actual Adopted Projected Budget
CATEGORY/FUND FY 04-05 FY 05-06 FY 06-07 FY 06-07 FY 07-08
New Construction Tax Fund:
1. Development Fee 570,486 500,000 500,000 500,000 400,000
2. Reimbursements 563,461 -
3. Interest 104,576 100,000 100,000 150,000 100,000
Total New Construction Fund 1,238,523 600,000 600,000 650,000 500,000
Drainacae Facilitv Fund:
1. Development Fee 389,685 322,430 200,000 200,000 150,000
2. Reimbursements 21,333 -
3. Interest 102,663 212,002 100,000 200,000 230,000
Total Drainaqe Facilitv Fund 513,681 534,432 300,000 400,000 380,000
Park 8 Recreation Fund:
1. Development Fee 1,071,648 2,290,439 250,000 750,000 1,800,000
2. Reimbursements 6,156 164,713
3. Interest 61,505 160,696 50,000 175,000 200,000
Total Park 8� Recreation Fund 1,139,309 2,615,848 300,000 925,000 2,000,000
Siqnalization Fund:
1. Development Fee 162,437 159,983 100,000 150,000 150,000
2. Reimbursements 5,201 10,834 -
3. Interest 16,466 43,458 20,000 40,000 45,000
Total Siqnalization Fund 184,104 214,275 120,000 190,000 195,000
Fire Facilities Fund:
1. Development Fee 129,330 - 130,000 125,000
3. Interest - 2,179 - 5,000 5,000
Total Fire Facilities Fund - 131,509 - 135,000 130,000
Waste Recvclinq Fund:
1.Waste Recycling Fee 564,167 592,518 600,000 600,000 600,000
2. Reimbursements 119,215 61,629 50,000 85,000 100,000
3. Interest 88,098 187,828 100,000 200,000 200,000
Total Waste Recvclinq Fund 771,480 841,975 750,000 885,000 900,000
Air Qualitv Manaaement Fund:
1.Air Quality Fee 52,438 59,752 54,000 60,000 60,000
2. Reimbursements - -
3. Interest 2,851 4,025 2,000 5,000 5,000
Total Air Qualitv Fund 55,289 63,777 56,000 65,000 65,000
Page 1-31
PALM DESERT ESTIMATED REVENUES, Exhibit 1
Actual Actual Adopted Projected Budget
CATEGORY I FUND FY 04-OS FY 05-06 FY 06-07 FY 06-07 FY 07-08
City Wide Business Prom. Fund:
1. Business License-$1 Day Use Fee(C( 46,278 46,508 50,000 50,000 50,000
2. Reimbursements - -
3. Interest 1,379 a,374 1,000 3,000 5,000
Total Business Prom. Fund 47,657 50,882 51,000 53,000 55,000
Art in Public Places Fund:
1. Development Fee 425,460 484,902 250,000 500,000 500,000
2. Reimbursements 7,130 -
3. Interest 34,905 81,258 45,000 100,000 100,000
7otal AIPP Fund 467,495 566,160 295,000 600,000 600,000
AIPP Maintenace Fund:
1.AIPP Transfers In 12,518 7,198 - 10,000 7,200
2.Reimbursements
3. Interest 4,620 6,991 5,000 8,000 7,000
Total AIPP Maint. Fund 17,138 14,189 5,000 18,000 14,200
Golf Course MainUlmarov Fund:
1. Time Share Mitigation&Amenity Fees 332,306 437,760 450,000 636,000 635,709
2. Reimbursements
3. Interest 53,317 107,551 60,000 60,000 100,000
Total Golf Course Maint. Fund 385,623 545,311 510,000 696,000 735,709
Retiree Health Fund:
1.General Fund Contribution 543,300 574,700 540,000 540,000 540,000
2. Reimbursements
3. Interest 431,146 507,521 410,000 410,000 500,000
Total Retiree Health Fund 974,446 1,082,221 950,000 950,000 1,040,000
EI Paseo Merchant Fund:
1. EI Paseo Merchant Fee(Business Lice 227,848 257,466 230,000 265,000 260,000
Total EI Paseo Fund 227,848 257,466 230,000 265,000 260,000
2010 Capital Proiect Reserve:
1. State, Federal,CVAG Reimb. 3,147,841 6,082,736 6,400,000 430,048 -
2. General Fund Transfer In 7,433,030 216,615 3,000,000
3. Interest 485,780 780,687 234,000 434,000 500,000
Total Capital Proiect Fund 11,066,651 7,080,038 6,634,000 3,864,048 500,000
Parks Fund:
1. Reimbursements 225,569 209,000 231,000 200,000
Total Parks Fund - 225,569 209,000 231,000 200,000
Page 1-32
PALM DESERT ESTIMATED REVENUES, Exhibit 1
Actual Actual Adopted Projected Budget
CATEGORY/FUND FY 04-05 FY 05-06 FY 06-07 FY 06-07 FY 07-08
Drainaqe Fund:
1. Reimbursements 197,633 87,000 100,000 100,000
Total Drainage Fund - 197,633 87,000 100,000 100,000
Sianal Fund:
1. Interest 11,655 3,400 10,000 10,000
Total Siqnal Fund - 11,655 3,400 10,000 10,000
Library Fund:
1. General Fund Transfers In 83,158 325,257 535,000 350,000 350,000
Total Library Fund 83,158 325,257 535,000 350,000 350,000
Buildinq Maint. Fund:
1.General Fund Transfers In - 126,427 - 300,000 125,000
Total Buildin�l Maint. Fund - 126,427 - 300,000 125,000
Parkview Office Comqlex Fund:
1. RenULeases of Buildings 868,815 864,447 882,000 882,000 864,000
2.State Reimbursements 30,070 -
3. Interest 47,894 113,688 10,000 100,000 100,000
Total Parkview Office Fund 946,779 978,135 892,000 982,000 964,000
Equipment Maint. Fund:
1.General Fund Transfer In 212,137 411,241 213,000 213,000 450,000
2. Reimbursements 878,506
3. Interest 59,182 128,312 50,000 128,000 128,000
Total Equipment Maint. Fund 271,319 1,418,059 263,000 341,000 578,000
Liab Reserve Fund:
1. Interest - 148,882 - 150,000 150,000
Total Liab. Reserve Fund - 148,882 - 150,000 150,000
Landscape& Liphtina Districts:
1. General Fund Transfer In - 72,550 56,906 56,906 75,000
2.Taxes 299,590 295,846 295,846 387,934
Total Landscape 8� Liqhtinq - 372,140 352,752 352,752 462,934
Business Improvement Districts:
2.Taxes 185,621 210,137 210,137 199,497
Total Business Improvement - 185,621 210,137 210,137 199,497
Desert Willow Golf Fund:
1.Golf Course&Resturant Revenue 9,024,694 9,865,842 9,728,565 10,425,615 10,425,615
2. Reimbursements
3. Interest
Total Desert Willow Fund 9,024,694 9,865,842 9,728,565 10,425,615 10,425,615
Page 1-33
Exhibit 2 - RES, 07-�9
CITY OF PALM DESERT APPROPRIATIONS ,I
FOR FISCAL YEAR 2007-2008
DEPARTMENT TITLE APPROPRIATIONS
FY 2007-2008
GENERALFUND
City Council 403,814
City Clerk 521,904
Elections -
Legislative Advocacy 63,000
City Attorney 216,000
Legal Special Services 273,000
City Manager 700,907
Community Services 1,786,800
Finance 1,812,454
Independent Audit 80,000
Human Resources 855,100
General Services 580,300
Information Technogy 1,400,140
Unemployment Insurance 25,000
Insurance 648,500
Interfund Transfers 2,625,000
Police Services 14,436,425
Animal Regulation 240,000
P.W-St Light/Traffic Sfty 628,000
Development Services 1,144,800
Public Works- Admin 3,286,900
Public Works-Street Maint 2,186,050
PW-Street Resurfacing 2,300,000
PW-Corp. Yard 83,500
PW-Equipment 430,000
PW-Public Bldg-Opr/Maint. 644,350
PW-Portola Community Center 83,700
NPDES-Storm Water Permit 50,000
Community Promotions 2,112,690
Marketing 1,172,337
Visitors Information Center 709,100
Building & Safety 3,237,400
Planning & Community Dev 1,058,950
Office of Energy Management 440,700
PW- Park maintenance 1,384,034
PW- Civic Center Park 1,469,918
PW-Landscape Services 2,165,750
Outside A enc Fundin 975,000
TOTAL GENERAL FUND 52,231,523
Exhibit 2 - RES, 07-49
CITY OF PALM DESERT APPROPRIATIONS ��
FOR FISCAL YEAR 2007-2008
FUND NAME APPROPRIATIONS
FY 2007-2008
TRAFFIC SAFETY 225,000
GAS TAX 1,350,000
MEASURE A 8,705,000
COMMUNITY DEVELOPMENT 351,500
CHILD CARE PROGRAMS 67,500
PUBLIC SAFETY GRANTS 135,000
NEW CONSTRUCTION TAX 933,650
PROP AFIRE TAX 8,855,671
PARK AND REC 946,000
SIGNALIZATION 750,000
FIRE FACILITY FUND 3,504,271
WASTE RECYLCING FEES 706,103
AIR QUALITY MGMT 30,000
CITY WIDE BUSINESS PROM 51,000
PARK & RECREATION 140,000
BUlLDING MAINTENANCE 635,000
2010 PLAN RESERVES 17,975,000
DRAINAGE 3,037,052
L I B RARY 442,500
ART IN PUBLIC PLACES 316,404
MAINTENANCE OF ART 124,000
Enterprise Fund - Parkview Office Compix 880,520
Enterprise Fund - Desert Willow 10,464,702
Equipment Replacement Fund 540,100
GOLF COURSE IMPROVEMENTS 745,000
Retiree Health 250,000
Exhibit 2 - RES, 07- 49
CITY OF PALM DESERT APPROPRIATIONS II
FOR FISCAL YEAR 200T-2008
FUND NAME APPROPRIATIONS
FY 2007-2008
DEBT SERVICE FUNDS
Debt Service - 83-1 -
Debt Service - 84-1 r -
Debt Service - 87-1 167,255
Debt Service - 92-1 -
Debt Service - 94-1 -
Debt Service - 94-2 115,000
Debt Service - 94-3 126,100
Debt Service - CFD91-1 A 2,006,204
Debt Service - CFD98-1 163,545
Debt Service - 01-1 179,728
Debt Service - Highlands 208,676
Debt Service - Univ. Park 2,617,875
P.D. Financing Auth-RDA 30,527,440
P.D. Financin Auth-Cit 2,467,533
TOTAL 38,579,356
SPECIAL ASSESSMENT FUNDS
EL PASEO MERCHANTS 260,000
LANDSCAPE & LIGHTING ZONES 360,010
BUSINESS IMPROVEMENT DISTRICT 183,735
TOTAL SPECIAL ASSESSMENT 803,745
CITY OF PALM DESERT Exhibit 3
CAPITAL IMPROVEMENT PROGRAM NO.07�9
EXISTING PROJECTS IN FISCAL YEAR 2006-07 CONTINUED TO FY 2007-2008
PROJECT TITLE E5TIMATED ACCOUNT FUNDING FY 200b07
PROJECT NUMBERS SOURCES to FY07-OB
TOTAL FOR •see Nare
LIFE OF
PROJECT
Genera!Fund 110
None
Measure A Fund 213
Portola/I-101nterchange ROW/Deaign 2,403,506 213-4351-433.40-01 Measure A Fund 213 1,704,742
Portola Street/Dinah Shore Extension 359,368 213-4365-433.40-01 Measure A Fund 213 212,865
Monterey Medfan!mp(Hovley&Country Club) 70,000 213-4371-433.40-01 Measure A Fund 213 56,303
Monterey Ave Utility Relocation 500,000 213-4378-433.40-01 Measure A Fund 213 500,000
Fred Waring Turn Pockets 600,000 213-4383-433-40-01 Measure A Fund 213 600,000
Cook Street from Fred Waring to Frank S. 9,000,000 213-4385-433.40-01 Measure A Fund 213 8,596,543
Monterey Ave Ramp Modification 8,270,000 213-4389-433.40-01 Measure A Fund 213 4,349,306
Dinah Shore Imp(Miriam to Key Largo Ave) 315,000 213-4561-433.40-01 Measure A Fund 213 199,694
Housina MitJaation Fund 214
Falcon Crest Home Loans 2,790,000 214-4698-466.40-01 Housing Mitigation FD 214 2,130,000
New Constructlon Tax Fund 231
Flre Station Improvements(Town Center/
Portola Statfons) 170,062 231-4220-422.40-0t New Const. Tax FD 231 78,184
Civic Center Park Storage 100,000 231-4340-433.40-01 New Const. Tax FD 231 100,000
Qrainaae Fund 232
Portola Ave/Dinah Shore Extenalon 310,000 232-4365-433.40-01 Drainage Fund 232 309,432
Cook and Country Club Drainage 4,345,000 232-4375-433.40-01 Drainage Fund 232 3,991,317
Park&Rec Facllities Fund 233
Freedom Trail Bicycle and Golf Cart Path 100,000 233-4544-454.40-01 Park 8�Rec Fac.FD 233 100,000
Hlkfng Trall 50,000 233-4636-454.40-01 Park 8 Rec Fac.FD 233 33,878
Civic Center Park Improvementa 2,610,000 233-4668-454.40-01 Park 8 Rec Fac.FD 233 2,306,477
TraHic Slanals Fund 234
Frank Sinatra&Gerald Ford 215,000 234-4264-422.40-01 Signalization FD 234 215,000
Hwy 111-Monterey-Hwy 74 Traffic Signal 50,000 234-4621-433.40-01 Signalization FD 234 50,000
Recvclino Fund 236
Presidents'Plaza I Renovation 480,000 236-4436-422.40-01 Recycling Fund 236 480,000
Air Oualltv Mant Fund 238
Bus Shelter Improvement Program 80,000 238-4354-433.40-01 Air Quality Mgnt Fund 238 80,000
Cavlta/Prol Reserve Pund 400
City Hall Facifltiea 200,000 400-4161-415.40-01 Year 2010 Fund 400 75,704
Other City Owned Buildinga 100,000 400-4164-415.40-01 Year 2010 Fund 400 92,758
Washington Street Medlans Study 115,000 400-4353-433.40-01 Year 2010 Fund 400 115,000
Bus Stop Relocation Continuing 400-4354-433.40-01 Year 2010 Fund 400 140,300
Monterey Ave Bridge expansion jointa 100,000 400-4355-433.40-01 Year 2010 Fund 400 27,000
Westfield Bua Bay Project 535,602 400-4357-433.40-01 Year 2010 Fund 400 127,602
Portola Ave�Whitewater Bridge 12,483,938 400-4359-433.40-01 Year 2010 Fund 400 188,361
Monterey Ave-Hovley W.to Country
Club Dr.(MIC) 95,000 400-4371-433.40-01 Year 2010 Fund 400 91,651
Monterey Avenue Improvements 50,000 400-4386-433.40-01 Year 2010 Fund 400 50,000
Fred Waring Drive Widening(Sound Wall/
Widening) Continuing 400-4399-433.40-01 Year 2010 Fund 400 5,642,342
Presidents'Plaza I Parking Lot Repaving 1,263,000 400-4436-422.40-01 Year 2010 Fund 400 1,263,000
F.I.N.D Building 1,300,000 400-4437-433.40-01 Year 2010 Fund 400 1,300,000
L(ghting Retrofit Project Continuing 400-4511-442.39-11 Year 2010 Fund 400 50,913
Community Gardens 125,000 400-4546-454.40-01 Year 2010 Fund 400 125,000
Council Chamber 75,000 400-4563-433.40-01 Year 2010 Fund 400 58,647
Fred Waring at San Pasquel 100,000 400-4565-422.40-01 Year 2010 Fund 400 81,955
Sewer Laterals Installations Continuing 400-4598-433.40-01 Year 2010 Fund 400 23,723
Monterey Ave/Dinah Shore Landscaping 197,220 400-4645-433.40-01 Year 2010 Fund 400 127,019
I-10/Monterey Ave Landscaping 100,350 400-4646-433.40-01 Year 2010 Fund 400 81,849
CITY OF PALM DESERT Exhibit 3
CAPITAL IMPROVEMENT PROGRAM NO.07-49
EXISTING PROJECTS IN FISCAL YEAR 2006-07 CONTINUED TO FY 2007-2008
PROJECT TITLE ESTIMATED ACCOUNT FUNDING FY 2006�07
PROJECT NUMBERS SOURCES to FY07-08
TOTAL FOR •see Nore
IIFE OF
PROJECT
Drainaae Facilities Fund 420
Cook-Gerald Ford Drainage 262,810 420-4542-433.40-01 Drainage Fund 420 262,810
CP Parka&Rec Facilitiea Fund 430
Satellite Yard Renovation 345,000 430-4340-433.40-01 Park&Rec Fac.FD 430 324,720
CC Bocxe BalUCrts/Picnic 77,000 430-4612-454.40-01 Park&Rec Fac.FD 430 77,000
CC Handball Courts 100,000 430-4635-454.40-01 Park 8 Rec Fac.FD 430 100,000
Hiking Trail Continuing 430-4636-454.40-01 Park&Rec Fac.FD 430 39,435
Civic Center Park Improvements Continuing 430-4668-454.40-01 Park&Rec Fac.FD 430 314,574
CC Restrooms 325,000 430-4674-454.40-01 Park&Rec Fac.FD 430 325,000
Ar!In Pubflc Places Fund 436
AIPP Projects Continuing 436-4650-454.40-01 AIPP FD 436 391,000
CP Sianallzatlon Fund 440
Traftic Signal Coordination 250,000 440-4594-422.40-01 Signalization FD 440 191,686
TOTAL EXISTING PROJECTS $37,782,790
' NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2006-07 TO 2007-08
" NOTE:DUE TO TIMING OF EVENTS,NO CONTRACT HAS BEEN OBTAIN,HOWEVER,FUNDS NEED TO BE CARRIED OVER TO
PREVENT SHORTING IN COMING FISCAL YEAR.
Continuing appropriations are amounfs which have been appropriafed in FY 200i6-07 and are not expected to be e�qoended by
June 30,2007. These lunds are primanfy fa capRal budgets and specifk programs that overlap fiscal years. When aufhorized,
continuing appropnation amounts are added to the new liscal year budget amounts in order ro track all approved spend�g.
The exact amount ol appropriations lor carryover in each lund indicated wiU be determined at the end ol the/iscal year during the
preparation ol lmancia!statements. Thrs amount will rncluofe: 7)purchase orders arrd carbacts encumbered totals and
2)unencumbered balances as oi June 30,20071or appropriations approved by the Cify Council through the last meeting in
June,2007.
AMOUNT ARE SUBJECT TO CHANGE DUE TO PROJECTS THAT THE COUNCIL APPROVES PRIOR TO JUNE 30,2007
Note:Above amounta are aa ot June 15,2007