HomeMy WebLinkAboutRES. No. 08-64CITY OF PALM DESERT
FINANCIAL PLAN
FISCAL YEAR 2008-2009
Item 2
RESOLUTION NO. 08-64
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM DESERT, CALIFORNIA, ADOPTING A PROGRAM
AND FINANCIAL PLAN FOR THE FISCAL YEAR JULY 1,
2008 THROUGH JUNE 30, 2009.
WHEREAS, the City Council has received and considered the proposed
Program and Financial Plan submitted by the City Manager on June 26, 2008; and
WHEREAS, after due notice, the City Council held a public hearing on the
proposed plan.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Palm Desert, California, that:
1. The amounts shown on Exhibit 1, "Estimated Revenues", are hereby
accepted as the Estimated Revenues for the 2008-09 Fiscal Year for each fund and
revenue source.
2. The amounts shown on Exhibit 2, "Appropriations" are hereby
appropriated, to the departments and activities indicated. The City Manager, or his duly
appointed representative, will have the authority to approve intra-departmental budgeted
line item variations; additional appropriations or inter -departmental budget transfers will
be specifically approved by further City Council action during the 2008-09 fiscal year as
the need arises.
3. The amounts shown on Exhibit 3,
"Continuing Appropriations, Existing Capital Projects", are hereby accepted as continuing
appropriations from the 2007-08 Fiscal Year. The amounts included in this exhibit include
all unexpended amounts from purchase orders and contracts encumbered by June 30,
2008.
PASSED, APPROVED AND ADOPTED
at the regular meeting of the Palm
day of June, 2008, by the following vote, to wit:
Desert City Council held on this 26th
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
RACHELLE KLASSEN, CITY CLERK JEAN BENSON, MAYOR
CITY OF PALM DESERT, CALIFORNIA
ix
PALM DESERT ESTIMATED REVENUES, Exhibit 1
CATEGORY/FUND
General Fund:
1. Sales tax
2. Transient occupancy tax
3. Property tax
4. Interest & Rental Income
5. Transfers in
6. Franchises
7. State subventions(VLF)
8. Building & grading permits
9. Reimbursements
10. Business license tax
11. Timeshare mitigation fee
12. Plan check fees
13. Property transfer tax
14. Other revenues
Totals General Fund
Actual Actual
FY 05-06 FY 06-07
17, 776, 928 17, 918, 375
8,126,574 8,632,657
5,034,600 5,380,481
3,203,932 4,740,689
1,083,587 1,130, 024
2,580,917 2,907,062
3,679,096 3,998,005
3,241,784 2,551,181
1,855,204 3,212,520
1,307,705 1,294,466
661,187 782,739
702,857 617,999
1,030,412 671,806
608,202 71,962
50,892,985 53,909,966
Fire Tax Fund:
1. Structural Fire Tax 3,100,615
2. Prop. A. Fire Tax 2,553,424
3. Reimbursements 1,130,396
4. Interest Income 71,426
5. Interfund Transfers In 982,498
Totals Fire Tax Fund 7,838,359
TOTAL FIRE AND GENERAL FD 58,731,344
Adopted
FY 07-08
19,500,000
8,150,000
5,500,000
2,800,000
1,400,000
2,750,000
4,000,000
2,100,000
2,246,100
1,440,000
750,000
500,000
900,000
210,000
52,246,100
Projected Budget
FY 07-08 FY 08-09
18, 500, 000 18, 500, 000
8,500,000 8,500,000
5,630,000 5,630,000
3,700,000 4,000,000
1,250,000 1,250,000
2,900,000 2,900,000
3,990,400 3,990,400
1,545,000 1,645,000
2,381,100 3,074,100
1,340,000 1,340,000
900,000 900,000
500,000 500,000
680,000 680,000
205,000 322,000
52,021,500 53,231,500
5,077,402 5,050,000 5,300,000 5,400,000
1,592,526 1,900,000 1,500,000 1,500,000
682,547 719,000 715,000 715,000
115,203 100,000 100,000
1,852,000 1,852,000 1,852,000
9,319,678 9,521,000 9,467,000 7,715,000
63,229,644 61,767,100 61,488,500 60,946,500
Page 1-29
PALM DESERT ESTIMATED REVENUES, Exhibit 1
CATEGORY/FUND
Gas Tax Fund:
1. Gas Tax
2. Interest
Total Gas Tax
Traffic Safety Fund:
1. Vehicle Fines
2. Interest
Total Traffic Safety Fund
Measure A Fund:
1. Sales Tax
2. Reimbursements
3. Interest
Total Measure A Fund
Housing Mitigation Fund:
1. Development Fee
2. Reimbursements
3. Interest
Total Housing Mitigation Fund:
Actual Actual Adopted Projected Budget
FY 05-06 FY 06-07 FY 07-08 FY 07-08 FY 08-09
1,137, 815 1,247,382 1,330,000 1,292,000 995,000
20,854 32,493 20,000 40,000 30,000
1,158,669 1,279, 875 1,350,000 1,332,000 1,025,000
140,762
2,905
143,667
2,825,202
223,335
235,542
3,284,079
164,869
2,806
167,675
220,000
5,000
225,000
2,726,096 2,850,000
4,109,965 100,000
444,713 240,000
7,280,774 3,190,000
1,033,888 517,306
780,000
30,223 67,439
1,064,111 1,364,745
240,000
2,790,000
30,000
3,060,000
200,000
5,000
205,000
2,700,000
350,000
3,050,000
220,000
5,000
225,000
2,995,000
8,651,251
342,000
11, 988, 251
30,000 240,000
2,790,000
50,000 60,000
2,870,000 300,000
CDBG Block Grant Fund:
1. CDBG Block Grant 289,559 556,908 240,000 205,000 490,000
2. Reimbursements -
3. Interest 7,000 6,418 6,500 6,500 6,500
Total CDBG Fund 296,559 563,326 246,500 211,500 496,500
Child Care Program
1. Child Care Fee
2. Interest
Total Public Safety Fund
Public Safety Grant Fund:
1. Federal Grants
2. State Grants
3. CityMatching Contribution
4. Interest
Total Public Safety Fund
247,624
5,759
253,383
19,157
1,795
20,952
735,136
31,454
766,590
10,927
100,000
1,616
112,543
450,000
10,000
460,000
20,000
100,000
1,500
2,000
123,500
5,000
30,000
35,000
20,000
100,000
1,500
2,000
123,500
30,000
25,000
55,000
20,000
100,000
4,000
2,000
126,000
Page 1-30
PALM DESERT ESTIMATED REVENUES, Exhibit 1
Actual Actual Adopted Projected Budget
CATEGORY / FUND FY 05-06 FY 06-07 FY 07-08 FY 07-08 FY 08-09
New Construction Tax Fund:
1. Development Fee 500,000 543,349 400,000 175,000 50,000
2. Reimbursements
3. Interest 100,000 53,746 100,000 39,000 10,000
Total New Construction Fund 600,000 597,095 500,000 214,000 60,000
Drainage Facility Fund:
1. Development Fee 322,430 88,975 150,000 10,000 10,000
2. Reimbursements
3. Interest 212,002 306,230 230,000 230,000 200,000
Total Drainage Facility Fund 534,432 395,205 380,000 240,000 210,000
Park & Recreation Fund:
1. Development Fee
2. Reimbursements
3. Interest
Total Park & Recreation Fund
Sianalization Fund:
1. Development Fee
2. Reimbursements
3. Interest
Total Sianalization Fund
Fire Facilities Fund:
1. Development Fee
3. Interest
Total Fire Facilities Fund
Waste Recvclina Fund:
1. Waste Recycling Fee
2. Reimbursements
3. Interest
Total Waste Recycling Fund
Air Quality Management Fund:
1. Air Quality Fee
2. Reimbursements
3. Interest
Total Air Quality Fund
2,290,439 1,669,108 1,800,000
164,713
160,696 227,795 200,000
2,615,848 1,896,903 2,000,000
200,000
200,000
50,000
175,000
225,000
159,983 134,252 150,000 50,000 50,000
10,834
43,458 72,613 45,000 40,000 60,000
214,275 206,865 195,000 90,000 110,000
129,330
2,179
131,509
592,518
61,629
187,828
841,975
223,794
11,810
235,604
596,697
104,181
290,151
991,029
125,000
5,000
130,000
600,000
100,000
200,000
900,000
40,000
10,000
50,000
600,000
100,000
200,000
900,000
40,000
5,000
45,000
600,000
100,000
250,000
950,000
59,752 60,026 60,000 60,000 60,000
4,025 7,756 5,000 5,000 10,000
63,777 67,782 65,000 65,000 70,000
Page 1-31
PALM DESERT ESTIMATED REVENUES, Exhibit 1
CATEGORY/FUND
Actual Actual Adopted Projected Budget
FY 05-06 FY 06-07 FY 07-08 FY 07-08 FY 08-09
Citv Wide Business Prom. Fund:
1. Business License -$1 Day Use Fee(C( 46,508 46,734 50,000 47,000 50,000
2. Reimbursements
3. Interest 4,374 6,670 5,000 5,000 5,000
Total Business Prom. Fund 50,882 53,404 55,000 52,000 55,000
Art in Public Places Fund:
1. Development Fee 484,902 836,120 500,000 300,000 350,000
2. Reimbursements 3,550
3. Interest 81,258 132,595 100,000 100,000 80,000
Total AIPP Fund 566,160 972,265 600,000 400,000 430,000
AIPP Maintenace Fund:
1. AIPP Transfers In 7,198 7,204 7,000 7,000 57,200
2.Reimbursements
3. Interest 6,991 7,200 7,200 7,000
Total AIPP Maint. Fund 14,189 7,204 14,200 14,200 64,200
Golf Course Maint/Improv Fund:
1. Time Share Mitigation & Amenity Fees 437,760 646,971 635,709 578,476 580,000
2. Reimbursements
3. Interest 107,551 157,448 100,000 126,327 100,000
Total Golf Course Maint. Fund 545,311 804,419 735,709 704,803 680,000
Retiree Health Fund:
1. General Fund Contribution 574,700 580,900 540,000 1,100,000 750,000
2. Reimbursements
3. Interest 507,521 630,819 500,000 300,000 500,000
Total Retiree Health Fund 1,082,221 1,211,719 1,040,000 1,400,000 1,250,000
El Paseo Merchant Fund:
1. El Paseo Merchant Fee(Business Lice
Total El Paseo Fund
2010 Capital Proiect Reserve:
1. State, Federal, CVAG Reimb.
2. General Fund Transfer In
3. Interest
Total Capital Project Fund
Parks Fund:
1. Reimbursements
Total Parks Fund
257,466 244,252 260,000 230,000 230,000
257,466 244,252 260,000 230,000 230,000
6,082,736
216,615
780,687
7,080,038
12,728,267
7,000,000
914,722
20, 642, 989
500,000
500,000
2,476,600
550,000
3,026,600
225,569 328,879 200,000 - 250,000
225,569 328,879 200,000 250,000
Page 1-32
PALM DESERT ESTIMATED REVENUES, Exhibit 1
CATEGORY/FUND
Drainage Fund:
1. Interest
Total Drainage Fund
Actual Actual Adopted Projected Budget
FY 05-06 FY 06-07 FY 07-08 FY 07-08 FY 08-09
197,633 166,013
197,633 166,013
100,000
100,000
100,000
100,000
Signal Fund:
1. Interest 11,655 17,229 10,000 10,000
Total Signal Fund 11,655 17,229 10,000 10,000
Library Fund:
1. General Fund Transfers In 325,257 335,000 350,000 350,000 350,000
Total Library Fund 325,257 335,000 350,000 350,000 350,000
Building Maint. Fund:
1. Interest 126,427 187,444 125,000 125,000 125,000
Total Building Maint. Fund 126,427 187,444 125,000 125,000 125,000
Parkview Office Complex Fund:
1. Rent/Leases of Buildings 864,447 915,975 864,000 932,000 939,600
2. State Reimbursements
3. Interest 113,688 186,618 100,000 140,500 90,000
Total Parkview Office Fund 978,135 1,102,593 964,000 1,072,500 1,029,600
Eauipment Maint. Fund:
1. General Fund Transfer In 411,241 393,103 450,000 450,000 200,000
2. Reimbursements 878,506
3. Interest 128,312 206,053 128,000 128,000 200,000
Total Equipment Maint. Fund 1,418,059 599,156 578,000 578,000 400,000
Liab Reserve Fund:
1. Interest 148,882 220,739 150,000 200,000 200,000
Total Liab. Reserve Fund 148,882 220,739 150,000 200,000 200,000
Landscape & Lighting Districts:
1. General Fund Transfer In
2. Taxes
Total Landscape & Lighting
Business Improvement Districts:
2. Taxes
Total Business Improvement
Desert Willow Golf Fund:
1. Golf Course &
2 Resturant Revenue
3. Interest
Total Desert Willow Fund
72,550 72,550
299,590 299,590
372,140 372,140
185,621 185,621
185,621 185,621
9,865,842
7,883,535
2,465,619
56,906
295,846
352,752
56,906
295,846
352,752
210,137 210,137
210,137 210,137
7,929,448
2,496,167
8,211,559
2,529,902
70,000
328,243
398,243
442,629
442,629
8,418,036
2,575,303
9,865,842 10, 349,154 10,425, 615 10,741,461 10, 993, 339
Page 1-33
Exhibit 2 - RES, 08-64
CITY OF PALM DESERT APPROPRIATIONS
FOR FISCAL YEAR 2008-2009
DEPARTMENT TITLE APPROPRIATIONS
FY 2008-2009
GENERAL FUND
City Council
City Clerk
Elections
Legislative Advocacy
City Attorney
Legal Special Services
City Manager
Community Services
Finance
Independent Audit
Human Resources
General Services
Information Technogy
Unemployment Insurance
Insurance
Interfund Transfers
Police Services
Animal Regulation
P.W-St Light/Traffic Sfty
Development Services
Public Works- Admin
Public Works -Street Maint
PW-Street Resurfacing
PW-Corp. Yard
PW-Equipment
PW-Public Bldg-Opr/Maint.
PW-Portola Community Center
NPDES-Storm Water Permit
Community Promotions
Marketing
Visitors Information Center
Building & Safety
Planning & Community Dev
Office of Energy Management
PW- Park maintenance
PW- Civic Center Park
PW-Landscape Services
Outside Agency Funding
'TOTAL GENERAL FUND
471,800
648,900
61,900
63,000
233,000
495,000
799,900
2,020,100
2,011,200
80,000
983,400
591,200
1,459,450
25,000
463,500
620,000
14,741,513
240,000
678,000
1,021,900
3,771,800
2,387,900
2,650,000
83,500
500,000
700,450
98,907
50,000
1,868,190
1,430,458
781,400
2,352,730
1,884,750
651,100
1,602,736
1,441,816
2,562,900
703,306
53,230,706 I
Exhibit 2 - RES, 08-64
CITY OF PALM DESERT APPROPRIATIONS
FOR FISCAL YEAR 2008-2009
FUND NAME APPROPRIATIONS
FY 2008-2009
TRAFFIC SAFETY 225,000
GAS TAX 1,825,300
MEASURE A 11,642,200
Housing Mitigation Fee 2,300,000
COMMUNITY DEVELOPMENT 511,000
CHILD CARE PROGRAMS 1,500,000
PUBLIC SAFETY GRANTS 130,000
Drainage 4,960,600
PROP A FIRE TAX 9,193,000
PARK AND REC 585,000
SIGNALIZATION 530,200
FIRE FACILITY FUND
WASTE RECYLCING FEES 762,600
AIR QUALITY MGMT 30,000
CITY WIDE BUSINESS PROM 50,000
PARK & RECREATION 60,000
BUILDING MAINTENANCE 1,750,000
2010 PLAN RESERVES 9,274,700
DRAINAGE 2,200,000
SIGNALIZATION 25,000
LIBRARY 442,500
ART IN PUBLIC PLACES
MAINTENANCE OF ART
Enterprise Fund - Parkview Office Complx
Enterprise Fund - Desert Willow
Equipment Replacement Fund
GOLF COURSE IMPROVEMENTS
Retiree Health
872,900
100,000
1,044,184
10,797,808
714,000
660,000
1,010,000
Exhibit 2 - RES, 08-64
CITY OF PALM DESERT APPROPRIATIONS
FOR FISCAL YEAR 2008-2009
FUND NAME
IDEBT SERVICE FUNDS
Debt Service - 04-02 SECTION 29
Debt Service - 94-2
Debt Service - 94-3
Debt Service - CFD91-1 A
Debt Service - CFD98-1
Debt Service - 01-1
Debt Service - Highlands
Debt Service - Univ. Park
P.D. Financing Auth-RDA
P.D. Financing Auth-City
(TOTAL
ESPECIAL ASSESSMENT FUNDS
EL PASEO MERCHANTS
LANDSCAPE & LIGHTING ZONES
BUSINESS IMPROVEMENT DISTRICT
(TOTAL SPECIAL ASSESSMENT
APPROPRIATIONS
FY 2008-2009
1,298,098
110,500
115,000
2,122,900
132,186
177,900
186,187
4,317,259
31,136,850
2,442,240
42,039,120
230,000
396,130
404,810
1,030,940
CITY OF PALM DESERT
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2007-08 CONTINUED TO FY 2008-2009
PROJECT TITLE
General Fund 110
Professional / Technical
Professional / Technical
Measure A Fund 213
Portola/I-10 Interchange ROW / Design
Portola Street / Dinah Shore Extension
Monterey/ Fred Waring to Country Club
Monterey Ave Ramp Modification
Housing Mitigation Fund 214
None
New Construction Tax Fund 231
Civic Center Park Storage
Drainage Fund 232
None
Park & Rec Facilities Fund 233
Freedom Trail Bicycle and Golf Cart Path
Community Center Feasibility Study
Hiking Trail (Trail Re -Naturalization)
Civic Center Park Improvements
Traffic Signals Fund 234
Frank Sinatra & Gerald Ford
Hwy 111 - Monterey - Hwy 74 Traffic Signal
Fire Facilities Fund 235
New North Sphere Fire Station
Recvclina Fund 236
Presidents' Plaza I Renovation
Air Quality Mamt Fund 238
Bus Shelter Improvement Program
Capital Proi Reserve Fund 400
Frank Sinatra & Portola
Alessandro Improvements
Washington Street Medians Study
Bus Stop Construction
Westfield Bus Bay Project
Portola Ave @ Whitewater Bridge
Saks 5th Avenue Parking easement
Monterey - Country Club to Gerald Ford
Monterey Ave - Hovley W. to Country
Club Dr. (MIC)
Fred Waring Drive Widening (Sound Wall /
Widening)
Presidents' Plaza I Parking Lot Repaving
F.I.N.D. Building
Portola Wall & Aesthetic
Community Gardens
Council Chamber
Sewer Laterals Installations
Monterey Ave/Dinah Shore Landscaping
1-10 / Monterey Ave Landscaping
Children's Discovery Museum
ESTIMATED
PROJECT
TOTAL FOR
LIFE OF
PROJECT
ACCOUNT
NUMBERS
150,000 110-4470-412.30-90
15,000 110-4132-411.30-90
6,534,000 213-4351-433.40-01
250,000 213-4365-433.40-01
500,000 213-4368-433.40-01
8,270,000 213-4389-433.40-01
100,000 231-4340-433.40-01
100,000 233-4544-454.40-01
400,000 233-4602-454.40-01
176,000 233-4636-454.40-01
2,610,000 233-4668-454.40-01
215,000 234-4264-422.40-01
300,000 234-4621-433.40-01
3,504,271 235-4270-422.40-01
480,000 236-4436-422.40-01
80,000 238-4354-433.40-01
704,000 400-XXXX-XXX.XX-XX
1,478,524 400-4341-433.40-01
115,000 400-4353-433.40-01
Continuing 400-4354-433.40-01
535,602 400-4357-433.40-01
12,483,938 400-4359-433.40-01
750,000 400-4361-466.40-01
550,000 400-4363-433.40-01
95,000 400-4371-433.40-01
Continuing 400-4399-433.40-01
1,263,000 400-4436-422.40-01
1,300,000 400-4437-433.40-01
150,000 400-4438-433.40-01
Continuing 400-4546-454.40-01
75,000 400-4563-433.40-01
Continuing 400-4598-433.40-01
1,277,220 400-4645-433.40-01
820,350 400-4646-433.40-01
500,000 400-4800-433.39-02
FUNDING
SOURCES
General Fund 110
General Fund 110
Measure A Fund 213
Measure A Fund 213
Measure A Fund 213
Measure A Fund 213
New Const. Tax FD 231
Park & Rec Fac. FD 233
Park & Rec Fac. FD 233
Park & Rec Fac. FD 233
Park & Rec Fac. FD 233
Signalization FD 234
Signalization FD 234
Fire Facilities Fund 235
Recycling Fund 236
Air Quality Mgmt Fund 238
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Year 2010 Fund 400
Exhibit 3
NO. 08-64
FY 2007-08
to FY08-09
• SEE NOTE
150,000
11,256
5,698,618
217,865
500,000
4,338,583
100,000
100,000
398,566
154,046
2,306,477
215,000
300,000
3,504,271
480,000
80,000
704,000
1,478, 524
115,000
100,000
85,472
1,290,595
750,000
550,000
91,415
0
1,216,718
1,300,000
125,990
125,825
33,647
23,723
1,109, 752
801,849
500,000
CITY OF PALM DESERT
CAPITAL IMPROVEMENT PROGRAM
EXISTING PROJECTS IN FISCAL YEAR 2007-08 CONTINUED TO FY 2008-2009
PROJECT TITLE
Drainage Facilities Fund 420
None
Exhibit 3
NO. 08-64
ESTIMATED ACCOUNT FUNDING FY 2007-08
PROJECT NUMBERS SOURCES to FY08-09
TOTAL FOR * SEE NOTE
LIFE OF
PROJECT
CP Parks & Rec Facilities Fund 430
Satellite Yard Renovation 345,000 430-4340-433.40-01 Park & Rec Fac. FD 430 324,720
CC Bocce Ball/Crts/Picnic 77,000 430-4612-454.40-01 Park & Rec Fac. FD 430 77,000
CC Handball Courts 100,000 430-4635-454.40-01 Park & Rec Fac. FD 430 100,000
Civic Center Park Improvements Continuing 430-4668-454.40-01 Park & Rec Fac. FD 430 273,444
Civic Center Restrooms 325,000 430-4674-454.40-01 Park & Rec Fac. FD 430 325,000
Art In Public Places Fund 436
AIPP Projects Continuing 436-4650-454.40-01
CP Signalization Fund 440
None
Building Maintenance Fund 450
Remodeling the CC Chamber Restrooms 100,000 450-4161-415.40-01
TOTAL EXISTING PROJECTS
AIPP FD 436 277,000
Building Maint. Fund 450 100,000
* NOTE: APPROPRIATIONS AND/OR ENCUMBRANCES FOR REBUDGET/CARRYOVER
FROM FISCAL YEAR 2007-08 TO 2008-09
$30,434,356 I
** NOTE: DUE TO TIMING OF EVENTS, NO CONTRACT HAS BEEN OBTAINED, HOWEVER, FUNDS NEED TO BE CARRIED OVER TO
PREVENT SHORTING IN COMING FISCAL YEAR.
Continuing appropriations are amounts which have been appropriated in FY 2007-08 and are not expected to be expended by
June 30, 2008. These funds are primarily for capital budgets and specific programs that overlap fiscal years. When authorized,
continuing appropriation amounts are added to the new fiscal year budget amounts in order to track all approved spending.
The exact amount of appropriations for carryover in each fund indicated will be determined at the end of the fiscal year during the
preparation of financial statements. This amount will include: 1) purchase orders and contracts encumbered totals and
2) unencumbered balances as of June 30, 2008 for appropriations approved by the City Council through the last meeting in
June, 2008.
AMOUNTS ARE SUBJECT TO CHANGE DUE TO PROJECTS APPROVED BY COUNCIL PRIOR TO JUNE 30, 2008
Note:Above amounts are as of February 29, 2008