The URL can be used to link to this page

Home My WebLink AboutMd-yr Budget Adjstmnts - Legal Svcs Acct ' . h9EET � QAr� �.:�.�� h3T3�JEa i0 � • CJ " �� CITY OF PALM DESER �a �'ASSED T(l 2ND RER�1�3G FINANCE DEPARTMENT �� Staff Report REQUEST: Approve amending the Fiscal Year 2007-2008 Budget as a result of Mid- Year Adjustments. DATE: February 14, 2008 CONTENTS: Resolution 08- 11 Amending the Fiscal Year 2007-08 Budget. .�. ,-a = =� .�-, . Recommendation: By Minute Motion, approve Resolution 08- 1i amending the Fiscal Year 2007- 2008 Budget as a result of Mid-Year Adjustments. Background: Staff has completed a mid-year analysis of the current budget and financial position of the City. The estimated revenues for the General Fund are $52.246 million (no changes to original budget) versus estimated expenditures of $52.231 million (no changes to original budget). No adjustments are needed for the Fire Fund; all excess expenditure savings will be used toward improvements to their buildings. Mid-Year Oriqinal Budqet Revised Budqet Revenues $52,246,100 $52,246,100 Expenses $52,231,523 $52,231,523 The following are additional amounts needed due to Mid-Year Budget review of expenses. There are several departments that staff is requesting adjustments to, however, the overall affect is no change to the General Fund budget. • $12,000 Additional funds needed to cover the two-day City Council goal- setting retreat. Account No. 110-4110-410-3090 • $10,000 Additional funds needed to cover Street Maintenance Division's overtime for emergency work during year. Account No. 110-4310-433-1002 • $56,208 Transfer of budget of $21,208 from the Parks Maintenance account to Landscape Services division for Freedom Park water which was being charged to wrong account, plus additional $35,000 for Freedom Park water for remaining fiscal year. Account No. 110-4614-453-3510 ' Staff Report Amend Fiscal Year 2007-2008 Budget as a Result of Mid-Year Adjustments February 14, 2008 Page 2 of 2 ---- • $95,000 Increase of nuisance abatement projects requires an increase in _ budget which will be offset by reimbursement by property owner. Account No. 110-4420-422-3050 • $20,000 Additional funds needed to cover financial feasibility study on annexation of Bermuda Dunes which was originally budgeted in last year's budget, but the money was not actually encumbered and spent until this fiscal year. Account No. 110-4470-412-3115 • $230,000 Additional funds needed for unexpected litigation costs dealing with �..�. Indian Springs Mobile Home Park, County billboards, and employee-related matters. Account No. 110-4121-411-3015 Mid-Year Budqet Review 2007-08 Paqe 2 • $25,900 Additional funds needed to cover balloting process and engineer's report to create two new landscape and lighting districts for Silver Spur and Sandcastle. Funds will be reimbursed back to General Fund upon completion of the establishment of these districts. 110-4260-422-3090 • $(369,108) Decrease Sheriff Department budget due to 9 deputy positions not filled for the last 6 months. 110-4210-422-3040 Other Funds Appropriation Adiustments: TRAFFIC SIGNALS FUND (234) • $ 676,258 Expenditure related to the traffic signals completed at the intersection of Highway 74 and Shadow Mountain Drive. The traffic signal fund is reimbursing the Capital Project Fund for the expenditures. Staff recommends approva( of the resoiution amending the City Budget. Submitted by: Approval: -.� : �/C;�� Paul S. Gibson Carlos L. Orte Director of Finance/City Treasurer City Manager G:�FinanceWiamh OrtegalStaff ReportsWlid Year 2007-2008 Budget.Doc RESOLUTION NO. 08-11 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, - CALIFORNIA, AMENDING THE FISCAL YEAR 2007-08 BUDGET AS A RESULT OF MID-YEAR 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 February, 2008, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: JEAN BENSON, MAYOR ATTEST: RACHELLE KLASSEN, CITY CLERK CITY OF PALM DESERT, CALIFORNIA CITY OF PALM DESERT RESOLUTIONf 08-11 MID-YEAR 2007-2008 BUDGET REVIEW EXHIBIT"A" ' REVISED APPROPRIATIONS UND/DEPARTIIiIENT CFlANGE�•� �, �'r �-�:`,�'`'�,, '�- - y� �. ��'j � .` ', "�r " \y ! '��~�_�s�� i �.x) � 1[CY�� .r� :. ' y,r:'' - ��;�" r INC! EC�k� p�. �rl,��. �. .. .�` �•�►PPROP T Q�� . , �: _ . _ ... . _ . . �a. i_' ENERALzFUND: _ ity Council 12,000 City Council two-day Goal-setting retreat 12,000 treet Maintenance Overtime 10,000 Extra emergency work �tal Street Maint. 10,000 andscape Services Utilities-Water 56,2�8 Freedom Park water costs-transfer from Parks Maint. �tal Landscape 56,208 uilding 8�Safety Nuisance abatement 15,000 Increase number of nuisance abatement �tal Building 8 Safety 15,000 ommunity Development 20,000 Financial feasibility study on annexation of Bermuda Dunes �tal Comm. Dev. 20,000 egal Litigation Services Prof. -Legal 230,000 Additional legal for Indian Springs Mobile, billboards &employee issues. otal Legal Services 230,000 evelopment Services Prof. - Engineering 25,900 Balloting and engineering of new Landscape & Lighting 25,900 olice Services Prof. -Sheriff Department (369,108) 9 Deputy positions not filled during first 6 months otal Police Services (369,108) OTAL GENERAL FUND: - �THER FUNDS APPROPRIATION NEEDED: raffic Signal Fund 676,258 Transfering Tra�c Signal cost from Capital Project Fund