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HomeMy WebLinkAboutSR-Cty Mngr/Exe Dir Financtl Pln-FY 2010-20-11CITY 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 2010-2011 DATE: JUNE 24, 2010 CONTENTS: 1. Resolution No. 2010-45(See item No. 2, City Budget) 2. Resolution No. 2010-46(See item No. 3, Appropriations Limit) 3. Resolution No. 573 (See item No. 4, Redevelopment Agency) 4. Resolution No.HA-43(See item No. 5, Housing Authority) 5. Resolution No. 2010,47(See 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. 2010- 45 , adopting a City program and financial plan for the Fiscal Year July 1, 2010, through June 30, 2011; 3. Adopt Resolution No. 2010-46, establishing the Appropriations Limit for the 2010-2011 Fiscal Year; 4. Waive further reading and adopt Resolution No573 , adopting a Redevelopment Agency program and financial plan for the Fiscal Year July 1, 2010, through June 30, 2011; 5. Waive further reading and adopt Resolution No. HA-43 , adopting a Housing Authority program and financial plan for the Fiscal Year July 1, 2010, through June 30, 2011; 6. Waive further reading and adopt Resolution No. 2010-47, setting the salary schedule, salary ranges and allocated classifications; 7 Approve Out -of -State Travel as listed in attached memo; and 8. Recess the Redevelopment Agency and Housing Authority meetings to the close of the City Council meeting. Staff Report Approve Financial Plan for FY 2010/2011 June 24, 2010 Page 2 of 2 Background/Fiscal Impact Presented for your consideration are the proposed Fiscal Year 2010-2011 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 nine percent (9%). There are no new positions recommended due to the current hiring freeze, and salaries have not increased per the Memorandum of Understanding (MOU). The City eliminated from the General Fund twelve (12) employees. These actions resulted in a total salary savings of $2.583 million and a reduction in staffing of eight percent (8%), from 150 positions in FY 09/10 to 138 positions in FY 10/11. Total General Fund revenues are anticipated to be $42,910,000, which is a nine percent (9%) decrease from the $46,982,000 in revenues collected during FY 2009-2010. Total General Fund expenses are anticipated to be $42,906,239, a nine percent (9%) decrease from the $46,957,546 in expenses during FY 2009-2010. 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 2010-2011 Budget. The requested changes discussed at the 2010 Budget study sessions have been incorporated into these documents. Submitted By: Paul S. Gibson, Director of Finance Budget approval stfrprt 10-111 ohn M. Wohlmuth, City Manager / Exec. Dir.