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Home My WebLink AboutRes 08-85 FY 2007-2008 Budget Year-End Adjstmnt CITY OF PALM DESERT FINANCE DEPARTMENT STAFF REPORT REQUEST: Approve amending the fiscal year 2007-2008 Budget as a result of Year-End Adjustments. DATE: August 28, 2008 CONTENTS: Resolution 08-$�Amending the Fiscal Year 2007-08 Budget. Recommendation: 1. By Minute Motion, approve Resolution 08- a5 Amending the fiscal year 2007-2008 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 estimated revenues for the General Fund are $52.2 million versus estimated expenditures of $50 million. Year-End Oriqinal Budqet Revised Budqet Revenues $52,246,100 $52,246,100 Expenses $52,231 ,523 $50,000,000 The following are additional amounts needed due to Year-End Budget review of expenses. There are several departments that staff is requesting adjustments to, however, the overall affect to appropriations is a decrease of expense by 2,225,000. • City Council —Increases is necessary for higher retirement contribution and Health benefits. � City Manager—lncreases is necessary for salary increase given to City Manager along with increase of retirement contribution. • Legal Services — Increase due to actual billings by both Best, Best & Krieger and Richard Watson (see attached backup for details). • Finance— Increase due to higher cola then what was budgeted 2% versus 3% along with increase of retirement contribution. • General Services— Increase is due to sales tax audit findings. • Police Services—Decrease is due to vacant sheriff deputy positions. • Public Works Admin. - Increase due to higher cola then what was budgeted 2% versus 3% along with increase of retirement contribution. • Street Resurfacing— Unspent Street Resurfacing funds. • Park Maintenance—Unspent Park Maintenance funds. • Marketing—Portion of$200,000 that was added during budget session, but not included in final budget. • Office of Energy- Increase due to higher cola then what was budgeted 2%versus 3%along with increase of retirement contribution. • City Clerk - Increase due to higher cola then what was budgeted 2% versus 3% along with increase of retirement contribution. YEAR-END BUDGET 2007-2008 Other Funds Appropriation Adiustments: CDBG Fund — Carryover of CDBG fundir�g that was paid out in 2007-2008. President Plaza I and III along with Section 29 and Alessandro Alley BID needs additional funds to cover increased cost for utilities and trash. Staff recommends approval of the two resolutions amending the City Budget. Su itted By: Appr I: Paul S. Gibson -�rCarlos Ortega, i Manager Director of Finance/City Treasurer .:�:�rY c�v�rc��cmxc�r�: APPROVED DEI'�I�:33 R CEIVED CTH�R AQ( �•/llo. - M��'ING D�,TE � �2 • U �YES:�i' C � � /" �� ,�'i;�� 2�10ES o � .AB�ENT: _ .�BSTAIN: � �, __ VERIFISD Y: Original on Fil� wi City Cl.erk° s Office CITY OF PALM DESERT RESOLUTION YEAR-END 2007-2008 BUDGET REVIEW EXHIBIT��A�� REVISED APPROPRIATIONS FUND/DEPARTMENT CHi4►NC3E � � � REYf�Fa ; ' INC%(DEC) �� APPROPR�ATI�NS ` GENERAL FUND: . City Council 30,000 Retirement Contribution and Health Benefit Increases City Manager 95,000 Salary Increase and Retirement Contribution Increase Legal Services 330,000 Additional Legal Billings up to June Finance 50,100 Salary Increase and Retirement Contributions General Services 55,000 Sales Tax Audit Findings Police Services (1,000,000) Vacant Sheriff Deputy positions Public Works Admin. 90,000 Salary Increase and Retirement Contributions Street Resurfacing (1,170,100) Unspent Street Resurfacing Funds Park Maintenance (750,000) Unspent Park Maintenance Funds Planning & Comm. Dev (200,000) Unspent Comm. Dev. Funds Marketing 105,000 Portion of 200,000 that was added during Budget Session Office of Energy 80,000 Salary and Retirement Contribution Increase City Clerk 60,000 Salary and Retirement Contribution Increase TOTAL GENERAL FUND: (2,225,000) Estimated General Fund Expenditures = 49 Million Versus Original Budget of 52 Million CDBG Fund 146,000 President Plaza Parking I 23,000 Electric and Trash Cost increases President Plaza Parking III 5,000 Electric and Trash Cost increases Alessandro Alley BID 3,000 New District Section 29 BID 13,500 New District (� �� BEST BEST &KRIEGER� ,�,� ATTORNEYS AT LAW Accounting Summary for The City of Palm Desert, Our Client#72500 Accounting Summary for The Redevelopment Agency of the City of Patm Desert, Our Client# 76956 For Services Through June 30, 2008 ,� � 3�.::,. ��: � . �: �:; 72500.00001 Retainer 18,774.00 225,288.00 72500.00010 Code Violations 870.48 15,629.38 72500.00011 Planning Commission - 72500.00053 Fox Canyon - 72500.00073 Rent Review 3.45 72500.00163 Claims-General 2,908.57 72500.00192 Garbage 987.00 72500.00196 Cove Comm Public Safety Commission - 72500.00199 Public Bidding 201.00 72500.00203 Mobilehome Parks-General - 72500.00343 Audit Letters 7.00 72500.00433 Sunterrace-AD 94-2 - 72500.00447 Feirbelmann Code Enforcement 705.00 72500.00452 Knutson, Chris � Didi - 72500.00496 Silver Spur HOA 1988 Agreement 998.10 72500.00510 Westfield/Wea Palm Desert - 72500.00513 Indian Springs Litigation 752.00 752.00 72500.00551 Capela - 72500.00552 Crest 574.20 14,250.60 72500.00610 Metzler - 72500.00611 Todd 788.75 72500.00612 Prieto - 72500.00616 Phil and Carole Adams 56.10 72500.00617 Julian - 72500.00625 Conflict of Interest - 72500.00626 Transient Occupancy Tax (TOT) 756.90 72500.00630 Entrada Del Paseo � 78.30 78.30 72500.00633 Re: Deutsch - 72500.00640 Brown Act 66.93 72500.00641 Bighorn/Cornishe/Franzia 3,525.30 72500.00662 Feibelmann, Hans 352.50 ji/dje/pdsumm/7/9/2008 page 1 � �� BEST BEST �L KRIEGER, I'�,� ATTORNEYS AT LAW Accounting Summary for The City of Paim Desert, Our Client#72500 Accounting Summary for The Redevelopment Agency of the City of Palm Desert, Our Client# 76956 For Services Through June 30, 2008 72500.00759 Adv. Adams/Galeaizi 78.30 365.40 72500.00761 Greenscape Landscape 1,426.99 72500.00762 Massage Business 1,195.50 72500.00763 Indian Ridge CFD 704.70 72500.00764 Code Enforcement- Sanchez 4,129.45 72500.00765 EI Paseo Land 433.80 6,874.89 72500.00766 Stagliano, Victor(Code Enforcement) 708.02 1,538.02 72500.00767 Development Agreement- Bernard 261.00 72500.00768 Kim Russell Watson, Jr(Code Enforcement) 18.61 982.11 72500.00769 Interpretation of Chapter 9.50 261.00 704.70 72500.00770 Les Charles Snyder(Code Enforcement) 2,355.39 2,966.39 72500.00771 Richard Santiago (Code Enforcement) 940.00 940.00 72500.00772 Sage Place 1,409.40 1,409.40 72500.00773 Gustavo � Roselia Coronado (Code Enforce 3,966.85 3,966.85 City Totals 482,074.87 Lr�s �2��,,�� ,a�J�v� , I.tSs `I�- ��s'� .. S,�FS�. I � z��,�� ji/dje/pdsumm/7/9/2008 page 3 RESOLUTION NO. 08- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2007-08 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 2007-08 Budget; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm Desert, California, that the 2007-08 Budget is hereby revised as follows: 1. The amounts shown in the column entitled "Revised Appropriations" in the table entitled "City of Palm Desert, Mid -Year 2007-08 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 2007-08. 2. The amounts shown in the column entitled "Revised Estimated Revenue" in the table entitled "City of Palm Desert, Mid -Year 2007-08 Budget Review, Revised Estimated Revenues", attached hereto as Exhibit "B", are hereby accepted as the Estimated Revenues for the 2007-08 Fiscal Year for each fund and revenue source. PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert City Council held on this day of August, 2008, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: JEAN BENSON, MAYOR ATTEST: RACHELLE KLASSEN, CITY CLERK CITY OF PALM DESERT, CALIFORNIA EXHIBIT A Revised Budget City of Palm Desert Legal Expenditures Year to Date Year to Date Balance 458,000.00 826,680.45 (368,680.45) Agency Best, Best & Krieger (Excludes Retainer -Separate Acct) Richard, Watson General Various Indian Springs Vs. County of Riverside Billboards Total Liebert BAAR, Kenneth Endeman Jeffery Patte Ayotte Employee 130,103.98 232,336.62 72,292.03 323.00 435,055.63 Total Legal Services Actual Cost -June 276,618.76 435,055.63 2,934.75 4,232.76 50,465.46 1,795.00 4,343.05 51,235.04 826,680.45 For Detail of Best,Best & Krieger - See attached Summary. Jun-08 Employee Relation - HR Rent, issues Rent issues Rent issues Court Recording Settlement - Employee