HomeMy WebLinkAboutRes 2014-05 - FY 13-14 Mid-yr Adjstmnts CITY OF PALM DESERT
FINANCE DEPARTMENT
STAFF REPORT
Request: Adopt Resolution No. 2014- 05 authorizing the fiscal year budget
amendment to provide appropriation and estimated revenues of
unobligated General fund as of June 30, 2014.
Date: February 13, 2014
Contents: Resolution No. 2014-�_
Recommendation
Waive further reading and adopt Resolution No. 2014-05
Back4round
Staff has completed a mid-year analysis of 2013/14 fiscal year budget and financial
position of the City. The estimated revenues for the General Fund are $46.992 million
versus estimated expenditures of $46.864 million (includes transfers between accounts
made below). The following is an explanation of either the increase in revenue or
increase in appropriation for various funds:
Mid-Year
OriQinal Budaet Revised Budqet
Revenues $46,517,500 $ 46,992,500
Expenses $46,508,694 $ 46,814,264
City Clerk 12,000 Municipal Code update and Citywide
Records Mana ement Consultant
City Manager 70,000 Hire new Assistant City Manager (6 Months
with benefits lus tem ora hel —clerical
Buildin and Safe 70,000 Hire tem ora Buildin Ins ector
Economic Develo ment 5,000 Courtes Carts maintenance & re air
Marketin 25,000 Rewrite Tourism website & combine w/e- ov
Information Technology 25,000 Rewrite E-Gov website (Upgrade, Search
engine, save on future programing, resolve
current issues with accessibili .
Landsca e Services 98,570 Extra Landsca e Maintenance & Overtime
TOTAL Additional $305,570
General Fund A ro .
' � Resolution No. 2014-05
Staff Report
Approve Resolution Authorizing FY2013-2014 Budget Amendment for Appropriations
February 13, 2014
Page 2 of 2
Revenue:
Buildin /Subdivision Fees 150,000 Increase fee collection over rior ear
Plan Check Fees 200,000 Increase fee collection over rior ear
Transient Occupancy Tax 425,000 Convention/Non-Convention/Short-term
& Short Term Rentals rentals u over ori inal bud et estimate.
Sales Tax (300,000) First two quarters lower than anticipated
bud et -3% and flat 3`d uarter
Total General Fund $475,000
Revenue Increase:
Fiscal Impact
This resolution will allow the Director of Finance to make the budget adjustments for
fis.cal year 2013/14 as of June 30, 2014.
Submitted by: Approval:
,
!l� � '
Paul S. Gibson, Finance Director ohn M. Wohlmuth, City Manager
CITY COUNCIL A�TION
APPROVED � nFrrrFn
R IVED OTHER
,
MEETII�IG DA �' �� � �
AYES:i' . '� `. � ' ' � Q
NOES: '
ABSEN'I:
ABSTAIN:
VERIFIED BY: r "
Original on File with City Cl k's Oftice
H:\WP51\BUDGEl1SR-Mid Year approp t0 bUCiget 2�13-14.dOCX
RESOLUTION NO. 2014 05
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM DESERT,
CALIFORNIA, AMENDING THE FISCAL YEAR 2013-14 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 2013-14 Budget;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm
Desert, California, that the 2012-13 Budget is hereby revised as fo!lows:
1. The amounts shown in the column entitled "Revised Appropriations" in the table
entitled "City of Palm Desert, Year-End 2013-14 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 2013-14.
2. The amounts shown in the column entitled "Revised Estimated Revenue" in the
table entitled "City of Palm Desert, Year-End 2013-14 Budget Review, Revised
Estimated Revenues", attached hereto as Exhibit "B", are hereby accepted as the
Estimated Revenues for the 2013-14 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, 2014, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
VAN TANNER, MAYOR
ATTEST:
RACHELLE KLASSEN, CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
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