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Home My WebLink AboutFY 2007/08 Md-yr Adjstmnts - Legal Services . . h1��T' � DATE� - � �� _ �fl"�T3�JE0 TO `�j - C� - �' CITY OF PALM DESER � ��1SSED TO 2ND RERBING FINANCE DEPARTMENT � -- Staff Report REQUEST: Approve amending the Fiscal Year 2007-2008 Budget as a result of Year Adjustments. 0 DATE: February 14, 2008 � � � ` � c-, CONTENTS: Resolution 08- 11 Amending the Fiscal Year 2007-08 Budget. � .�. ^a -"� �=� Q � � z N � O Recommendation: � � � By Minute Motion, approve Resolution 08- 11 amending the Fiscal Year 200 - � � � 2008 Budget as a result of Mid-Year Adjustments. � � Q `�.' � ❑ Background: � Staff has completed a mid-year analysis of the current budget and financial position o 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 a �+ Page2of2 - � ,�--- � +� • $15,000 Increase of nuisance abatement projects requires an increase in�� _ budget which will be offset by reimbursement by property owner. Account No.� �, N 110-4420-422-3050 '� � u o �n +� o e� • $20,000 Additional funds needed to cover financial feasibility study or� � o annexation of Bermuda Dunes which was originally budgeted in last year a � � budget, but the money was not actually encumbered and spent until this fiscalN �.� year. Account No. 110-4470-412-3115 a y � � � � $230,000 Additional funds needed for unexpected litigation costs dealing witl� � � � �..��,. Indian Springs Mobile Home Park, County billboards, and employee-relatec� � � - matters. Account No. 110-4121-411-3015 � �� 0o w Mid-Year Budqet Review 2007-08 PaQe 2 � +� � � � N r+ oo • $25,900 Additional funds needed to cover balloting process and engineer's`� � � report to create two new landscape and lighting districts for Silver Spur anda� A Sandcastle. Funds will be reimbursed back to General Fund upon completion of o the establishment of these districts. 110-4260-422-3090 � � � u u • $(369,108) Decrease Sheriff Department budget due to 9 deputy positions not� � � filled for the last 6 months. 110-4210-422-3040 �, ° p w ++ o O O y i-� p � Other Funds Appropriation Adiustments: ° a ; u � a+ TRAFFIC SIGNALS FUND (234) A � � • $ 676,258 Expenditure related to the traffic signals completed at the�, ; � intersection of Highway 74 and Shadow Mountain Drive. The traffic signal fund is� � � �I reimbursing the Capital Project Fund for the expenditures. � �a `" N � ap, a Staff recommends approval of the resolution amending the City Budget. A � ,� � N •� +� �. ed v y � � O ''Ly Submitted by: Approval: o b � � � � aq�', �d f �� y '/ � ��„ , d D o w � O �+ O Paul S. Gibson Carlos L. Orte p a� �, Director of Finance/City Treasure�ITY COUNC�L�v��r � � � � A P P R O V�D D E N I E D a a N � � REC�I�JED OTHER -� M�,E�'�I�� A`T� , . '�'.`z'�� /7 / ��C' ar�CF� �3Ca�S" - �.1��T`I'• G:\Finance\Niamh Ortega\Staff Reports\Mid Year�t7ah�l�e� e � ._ SIEFdIF1ED BY• G :��i_qina� on.�'.zle wit City Cl�rk' s Offic� 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 entitied "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 Dese�t 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 RESOLUTION# 08-11 MID-YEAR 2007-2008 BUDGET REVIEW EXHIBIT"A" ' REVISED APPROPRIATIONS _ _ . . .. . _ +. .�y y:"ly r�'2�,t• � r�'Rf d i �,�yo `� UND/DEPARTMENT , CHANGE � �'�� RE1�IS Q�� , " '`i � :s � :_ ��r=', ' �� - INC/(bEGI .�`��' ,.�.: .�� APPRQPRjATION__,..: . .,b. � � ENERAL FUND: � _ ity Council 12,000 City Council two-day Goal-setting retreat 12,000 treet Maintenance Overtime 10,000 Extra emergency work otal Street Maint. 10,000 andscape Services Utilities-Water 56,208 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 otal Comm. Dev. 20,000 egal Litigation Services Prof. -Legal 230,000 Additional legal for Indian Springs Mobile, billboards &employee issues. otal Lega! Services 230,000 evelopment Services Prof. - Engineering 25,900 Balloting and engineering of new Landscape & Lighting 25,9Q0 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 Traffic Signal cost from Capital Project Fund