HomeMy WebLinkAboutSR - Proposed Financial Plan for FY 2009-2010CITY OF PALM DESERT
FINANCE DEPARTMENT
STAFF REPORT
REQUEST: CONSIDERATION OF THE ADOPTION OF THE CITY MANAGER'S
AND EXECUTIVE DIRECTOR'S PROPOSED FINANCIAL PLAN FOR
FISCAL YEAR 2009-2010
DATE: JUNE 25, 2009
CONTENTS: 1. Resolution No. 09 54(See item No. 2, City Budget)
2. Resolution No. 09 55(See item No. 3, Appropriations Limit)
3. Resolution No.560 0(See item No. 4, Redevelopment Agency)
4. Resolution No.HA 4 (See item No. 5, Housing Authority)
5. Resolution No. 09 -56See item No. 6, Salary Resolution)
6. Out -of -State Travel Memo (See item No. 7)
Recommendation:
By Minute Motion:
1. Convene the Redevelopment Agency and Housing Authority meeting to conduct
a joint public hearing on the proposed City, Agency and Housing Authority
budgets;
2. Waive further reading and adopt Resolution No. 09-5 t , adopting a City
program and financial plan for the Fiscal Year July 1, 2009, through June 30,
2010;
3. Adopt Resolution No. 09-55, establishing the Appropriations Limit for the
2009-2010 Fiscal Year;
4. Waive further reading and adopt Resolution No., adopting a Redevelopment
Agency program and financial plan for the Fiscal Year July 1, 2009, through June
30, 2010;
5. Waive further reading and adopt Resolution No. HA-,, adopting a Housing
Authority program and financial plan for the Fiscal Year July 1, 2009, through
June 30, 2010;
6. Waive further reading and adopt Resolution No. 09-5n, setting the salary
schedule, salary ranges and allocated classifications.
7. By Minute Motion approved Out -of -State Travel as listed in attached memo.
8. Recess the Redevelopment Agency and Housing Authority meetings to the close
of the City Council meeting
Staff Report
Approve Financial Plan for FY 2009/2010
June 25, 2009
Page 2of2
Background:
Presented for your consideration are the proposed Fiscal Year 2009-2010 operational budget
expenditures for the City of Palm Desert. This proposal meets all requirements of maintaining
an enhanced level of public services while still being fiscally conservative. The economic
downturn being experienced nationally impacts our budget, and as the City of Palm Desert
prepares for the next fiscal year, we do so under the realization of the current economic
condition.
Departments were asked to alter the method in developing their budget from previous years and
participate in a zero -based budgeting approach that would reduce their expenditures by a
minimum of fifteen percent (15%). There are no new positions recommended due to the current
hiring freeze, but salaries have increased per the required Memorandum of Understanding
(MOU) in the amount of two percent (2%).
The City has also explored offering early retirement incentives to eligible employees. This action
is aimed at reducing staffing levels and at this time the voluntary retirement has been accepted
by nine employees. Four layoffs were the result of additional adjustments in the amount of
$1.760 million to the General Fund, and an adjustment of $2.3 million in total revenue.
Total General Fund revenues are anticipated to be $46,982,000, which is a twelve percent
(12%) decrease from the $53,231,500 in revenues collected during FY 2008-2009. Total
General Fund expenses are anticipated to be $46,957,546, a twelve percent (12%) decrease
from the $53,230,706 in expenses during FY 2008-2009.
Staff is cognizant that the budget process is dynamic and anticipates ongoing economic issues
that will require monitoring as we progress through next fiscal year. Nonetheless, the City is
committed to fiscal responsibility coupled with effective resource management to provide the
highest level of service to the community.
Attached are the necessary documents to approve the City, Redevelopment Agency and
Housing Authority 2009-2010 Budget. The requested changes discussed at the 2009 Budget
study sessions have been incorporated into these documents.
Submitted By:
Paul S. Gibson, Director of Finance/City Treasurer
Approval:
M:i'Wohlmuth, City Manager/RDA Executive Director
Budget approval stfrprt 09-10
REGULAR PALM DESERT CITY COUNCIL MEETING JUNE 25, 2009
XVII. PUBLIC HEARINGS
E. CONSIDERATION OF THE ADOPTION OF THE CITY MANAGER'S AND EXECUTIVE
DIRECTOR'S PROPOSED FINANCIAL PLAN FOR FISCAL YEAR 2009-2010 (JOINT
CONSIDERATION WITH THE PALM DESERT REDEVELOPMENT AGENCY AND THE
PALM DESERT HOUSING AUTHORITY).
CITY COUNCIL, ATON
APPROVED DENTED
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