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HomeMy WebLinkAboutRes No. 09-1 - Amend FY 08-09 Budget - MD-YR Adjstmnts CITY OF PALM DESERT FINANCE DEPARTMENT Staff Report REQUEST: APPROVAL OF RESOLUTION NO. 09-1 AMENDING THE FISCAL YEAR 2008/2009 BUDGET AS A RESULT OF MID-YEAR ADJUSTMENTS DATE: FEBRUARY 12, 2009 CONTENTS: RESOLUTION 09-1 AMENDING THE FISCAL YEAR 2008/2009 BUDGET EXHIBITS DEMONSTRATING REDUCTIONS TO FY 08/09 BUDGET Recommendation: By Minute Motion, approve Resolution No. 09-1 amending the Fiscal Year 2008/2009 budget as a result of mid-year adjustments. Executive Summarv: The City Council directed staff to reconsider the City's 2008/2009 fiscal year financial plan to identify budget adjustments for consideration that will bring the City's current fiscal year budget into balance. To this end, staff identified $3,119,916 in reductions from operating expenditures, $2,200,000 in savings attributable to a canceled capital project to be reprogrammed as revenue to the General Fund; and, $339,000 in reimbursements from the Redevelopment Agency to the General Fund. These adjustments total $5,658,916, with the source of adjustments identified on Exhibit "A" (attached) and departmental category detail on Exhibit "B" (attached). There is $601,000 in proposed adjustments highlighted in the staff report called out for special consideration by the City Council. Should the City Council wish to keep any of these expenditures in the budget, there is approximately a $559,710 surplus, as presented, that creates some flexibility. Staff has also identified other potential capital expenditure savings in deferrals of projects that could be considered should additional or alternative adjustments be necessary, or should additional reductions in revenues be identified over the balance of the fiscal year. Palm Desert, like all cities in California, is subject to prevailing economic conditions. Unlike many of our sister cities, Palm Desert participated significantly in the economic growth over the prior years and was able to increase its Undesignated General Fund Reserves from $23,000,000 to $62,000,000 through its approved financial plans between 2003 and 2008. Going forward, management does not see this opportunity in the near term and views the proposed mid-year adjustments, under consideration, as a "down paymenY' on aligning the City's revenues and expenditures for Fiscal 2009/2010. Staff Report Approval of Resolution 09-1 Amending the Fiscal Year 2008/2009 Budget February 12, 2009 Page 2 of 3 Backqround: Staff has completed a mid-year analysis of the current budget and financial position of the City. Estimated revenues for the General Fund are $50.67 million (decrease in sales tax by 10% and interest earnings by 50%, increase in transfers in from Fund 400 in the amount of $2.2 million, RDA additional reimbursement of $339,000) versus estimated expenditures of $50.11 million (lower expenditures to original financial plan due to staff-recommended adjustments). M id-Year Oriqinal Budqet Revised Budget Revenues $53,231,500 $50,670,500 Expenses $53,230,706 $50,110,790 Staff reviewed all programs to determine if there were specific items that could be reduced or delayed for the remaining five months of the fiscal year due to the economic downturn. It was determined that two clerical positions could remain vacant for the remainder of the fiscal year; one in Public Works ($40,000), and the other in the Redevelopment Agency ($40,000). Following the most recent City Council meeting, Finance staff met with various department heads to reduce the expenditures by $5 million. Staff found an additional $1,854,029 in addition to the prior amount of $1,265,887 for a total of $3,119,916. Staff is also recommending that savings resulting from a capital project eliminated by City Council be transferred to the General Fund revenue in the amount of $2.2 million plus an additional $339,000 in reimbursements from RDA. The following budget adjustments are items that staff believes should be highlighted to City Council: • $(100,000) Eight of the nine positions are currently filled and funded by Account No. 110-4210-422-3040. It is recommended that one position still unfilled remain vacant for the remainder of the fiscal year ($100,000). • $(117,000) Represents a reduction of the remainder of the summer concerts and the elimination of the movies in the park. A committee has been reviewing the feasibility of the program due to the low resident turnout. Council commemorative gifts could be reduced or eliminated. Lastly, elimination of funding for the KCET Film Festival is proposed. • $(12,000) Visitor Center will reduce cost of goods sold. • $(4,000) Decrease the amount and frequency of special awards, and issue more proclamations in presentation folders instead of frames. • $(100,000) Bus shelter projects that are currently in Fund 400 will be transferred to the special revenue fund Air Quality. • $(5,000) Cancel organized City employee appreciation picnic in exchange for a very informal "pot luck" picnic. G:\Finance\Niamh Ortega\Staff ReportsWpproval Of Resolution Amending Mid Year08-09 Budget V2.Docx Staff Report Approval of Resolution 09-1 Amending the Fiscal Year 2008/2009 Budget February 12, 2009 Page 3 of 3 • $(40,000) Parks and Risk Manager are recommending elimination of skate park supervision performed by CV Recreation. Risk Manager indicates that most cities do not have a supervised skate park. • $(140,000) Parks reduction relates to more accurate water and electricity costs for the newer parks (Freedom, University Parks). • $(68,000) Eliminate oversight by Coachella Valley Recreation and Parks District on Freedom, Homme Adams, Joe Mann and University Parks. • $(15,000) Eliminate park ambassador program and organize staff to provide the services of opening of bathrooms and picking up trash as necessary. Staff is recommending budget adjustments in an amount totaling $3,119,916. Revenue adjustments plus additional revenue of $2,200,000 (transfer from Fund 400) and $339,000 from RDA will offset a portion of the lower sales tax and interest earnings. If any items above are removed from the budget adjustments, and exceed the presented surplus, staff would add additional capital project transfer from Fund 400, if needed. Staff recommends approval of the resolution and attached exhibits amending the City budget for Fiscal Year 2008/2009. Staff recommends that the action be taken at this City Council meeting in order to ensure the additional budget savings. Submi By: Approval: . ` Paul S. Gibson J in cCarthy Director of Finance/City Treasurer nterim City Manager PSG:nmo CiTY COUNCIL�ON * APPROVED �"� DF.NtED-�-�- 1) Adopted Res. No. 09-1 as amended. RF EiVED OTHER Ha....�:.�....� 4-0 (Benson ABSENT) 2) By Minute Motion, authorized the MF,ETi DATE �f re-programming and transfer of funds AYES: � � `�'� � � from the Street Fair Fund, the ParkviewNOES: Office Building (Brothers Buildings) ABSENTi Fund, along with elimination of the ABSTAIN: carport project at the Parkview Office VERIFIED BY: Complex, approximately $1.65 million Original on File wfth Ci lerk's Offica in total, to the City's General Fund for unrestricted use. 3-1 (Spiegel NO, Benson ABSENT) G:\Finance\Niamh Ortega\Staff ReportsWpproval Of Resolution Amending Mid Year08-09 Budget V2.Docx RESOLUTION NO. 09-1 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2008-09 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 2008-09 Budget; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm Desert, California, that the 2008-09 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 2008-09 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 2008-09. 2. The amounts shown in the column entitled "Revised Estimated Revenue" in the table entitled "City of Palm Desert, Mid-Year 2008-09 Budget Review, Revised Estimated Revenues", attached hereto as Exhibit "A" —bottom of page, are hereby accepted as the Estimated Revenues for the 2008-09 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, 2009, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: ROBERT A. SPIEGEL, MAYOR ATTEST: RACHELLE KLASSEN, CITY CLERK CITY OF PALM DESERT, CALIFORNIA 09-1 Exhibit A City of Palm Desert Mid-Year Budget Adjustments A B C Item# Cuts Recommended CIP Rec. CIP if Needed 1 Public Works 995,000 2,200,000 1,650,000 2 Development Services 68,000 225,000 3 Civic Center Park 134,000 4 Parks Maint 258,391 5 City Manager 35,150 6 Office of Energy 80,000 7 Information System 65,000 8 Finance 7,000 9 Audit 20,000 10 General Services 10,000 11 Unemployment 15,000 12 Insurance 60,000 13 Police 500,000 14 Retiree Health 100,000 15 Workers Comp 100,000 16 Building&Safety 75,100 17 Planning 65,000 19 Community Services 48,000 170,000 20 Marketing 211,000 21 Human Resources 75,000 22 Community Promotions 117,825 23 Visitor Center 38,000 24 City Council 15,500 25 City Clerk 17,500 26 Legislative Advocacy 9,450 Total 3,119,916 2,200,000 2,045,000 27 Capital Improv Projects 2,200,000 ** Total General Fund 5,319,916 2,045,000 ** CIP will be transfer from fund 400 to General Fund and treated as a revenue transfer in Revenue Adjustments 28 Sales Tax (2,500,000) 29 Interest Earnings (2,600,000) 30 Transfer In (Fm 400-CIP) 2,200,000 ** 31 Transfer In (Fm 850-RDA) 339,000 Total Revenue Adjustments (2,561,000) CITY OF PALM DESERT EXHIBIT"B" Proposed Mid-Year Budget Adjustments Building&Safety Prof-Architectual/Engineering $ 31,100.00 Conference, Seminars, Workshops $ 7,750.00 Printing/Duplicating $ 20,000.00 Other accounts $ 16,250.00 Total Building&Safety $ 75,100.00 Parks & Recreation Civic Center Park Contracting $ 68,000.00 Salaries $ 22,500.00 Contracting-Skate Park Supervision $ 40,000.00 Other accounts $ 3,500.00 Total Civic Center Park $ 134,000.00 Parks Utilities-Water $ 100,000.00 Utilities- Electric $ 40,000.00 Landscape Services $ 100,000.00 Other accounts $ 18,391.00 Total Parks $ 258,391.00 Total Parks& Recreation $ 392,391.00 Office of the City Manager Special Events $ 7,000.00 Conferences/Seminars $ 17,359.00 Local meetings $ 7,000.00 Other accounts $ 3,791.00 Total Office of the City Manager $ 35,150.00 Finance Department Professional Computer Services $ 65,000.00 Liability& Property Damage Insurance $ 60,000.00 Police Services $ 500,000.00 Workers Compensation $ 100,000.00 Retiree Health Premium $ 100,000.00 Other accounts $ 52,000.00 Total Finance $ 877,000.00 Office of Energy Management AB811 Advertising/Promotion $ 80,000.00 Total Office of Energy Management $ 80,000.00 mid-year budget summary Page 1 of 3 Printed:2/5/2009 CITY OF PAIM DESERT EXHIBIT"B" Proposed Mid-Year Budget Adjustments Public Works Professional Services $ 150,000.00 Traffic/Striping $ 175,000.00 Curb/Gutter/ADA Retrofit Program $ 200,000.00 R/M Medians $ 150,000.00 Special Programs-Water Conservation $ 140,000.00 Other accounts $ 180,000.00 Total Public Works $ 995,000.00 Community Services Human Resources Recruitment advertising $ 20,000.00 City-wide Training $ 30,000.00 Temporary Help $ 20,000.00 Other accounts $ 5,000.00 Total Human Resources $ 75,000.00 Community Affairs Legislative Advocacy $ 9,450.00 Community Promotions-concerts, recognition $ 117,825.00 Total Community Affairs $ 127,275.00 Marketing Promotional $ 35,000.00 Media Buys $ 135,000.00 Other accounts $ 41,000.00 Total Marketing $ 211,000.00 Special Programs Professional -Other $ 15,000.00 Conferences/Seminars $ 15,000.00 Other accounts $ 18,000.00 Total Special Programs $ 48,000.00 Visitor Center Cost of goods sold $ 12,000.00 Printing/Duplicating $ 4,000.00 Capital Office Equipment $ 6,000.00 Other accounts $ 16,000.00 Total Visitor Center $ 38,000.00 City Clerk Professional - Municipal Codes updates $ 5,000.00 Advertising $ 3,000.00 Capital and Other Office Equipment $ 5,000.00 Other accounts $ 4,500.00 Total City Clerk $ 17,500.00 mid-year budget summary Page 2 of 3 Printed:2/5/2009 CITY OF PALM DESERT EXHIBIT"B" Proposed Mid-Year Budget Adjustments City Council Supplies-special awards $ 4,000.00 Professional - consulting services $ 2,500.00 Committee Member Conferences $ 4,000.00 Other accounts $ 5,000.00 Total City Council $ 15,500.00 Total Community Services $ 532,275.00 Community Development Printing/Duplicating $ 50,000.00 Other accounts $ 15,000.00 Total Community Development $ 65,000.00 Development Services Professional Services $ 40,000.00 Office Equipment $ 10,000.00 Safety Program $ 10,000.00 Other accounts $ 8,000.00 Total Development Services $ 68,000.00 Total City-wide Adjustments $ 3,119,916.00 CIP Portola @ Whitewater Fund 400 $ 2,200,000.00 TOTAL ADJUSTMENTS&CIP $ 5,319,916.00 * Total adjustments $ 5,319,916.00 RDA Reimbursement $ 339,000.00 Total including RDA Reimbursement $ 5,658,916.00 ** CIP-additional projects if necessary $ 2,045,000.00 mid-year budget summary Page 3 of 3 Printed:2/5/2009