HomeMy WebLinkAboutFY 2005/06 BUDGET - Year-End AdjustmentsCITY OF PALM DESERT
FINANCE DEPARTMENT
STAFF REPORT
REQUEST: Approve amending the fiscal year 2005-2006 Budget as a result of
Year -End Adjustments. (Joint City and Redevelopment Agency Actions)
Date: August 24, 2006
CONTENTS: Resolution
Recommendation:
1. By Minute Motion, approve Resolution 06- 115 amending the fiscal year 2005-
2006 City Budget as a result of Year -End Adjustments; and
2. By Minute Motion, approve Resolution 532 amending the fiscal year 2005-2006
Redevelopment Agency Budget as a result of Year -End Adjustments.
Background:
Staff has completed a year-end analysis of the FY 2005-06 budget and financial position
of the City. The final revenues for the General & Fire Fund are estimated at $53 million
versus expenditures of $45 million budgeted, an $8 million increase in fund balance.
Sales Tax will end up at $17.2 million and T.O.T. at $7.9 million. We had significant
increase ($1 million) in the Building Permit, Business License and Charges for services
revenues. Property taxes were up $1 million along with Interest Earnings. Expenditures
continue to be lower than budgeted mainly within the following departments: Police,
Public Works Administration, and Street Resurfacing, which accounts for most of the
fund balance increase.
Gen &Fire Mid -Year
Original Budget Revised Budget Actual Est. Revenue/Exuense
Revenues 49,193,192 51,093,192 53,065,000
Expenses 49,082,294 52,800,641** 45,065,000
**(Includes carryover of budget from 04-05 for encumbrance purchase orders)
The needed department budget adjustments have no increase to the budget due to
transfers between department budgets. Following are the recommended changes:
• $6,600 for energy consultant for City Manager.
• $3,400 for additional Audit work on TOT and Waste Management.
• $320,000 for additional legal services on Indian Springs - $74,000, Silver Spur-$142,000,
Medical Marijuana Dispensaries, South Beach Restaurant, Corishe, Subdivisions,
Monterey 170.
• $37,000 to purchase computer equipment in Information Systems.
• $11,900 for Outside Agency Funding for increased contribution to the after -school
program which was not budgeted.
Year End Budaet Adiustments FY 05-06,
• $48,600 for salary increases for Building and Safety.
• $3,100 for actual cost of unemployment payments.
• $1,500 for Landscape Services salaries.
• Decrease $320,000 from. Police Services, $200,000 from Street Resurfacing to transfer
budget to departments listed previously.
Other Funds:
• $9,200 for Cities portion of Public Safety Grants .
• $2,000 for El Paseo Merchant Advertising.
• $13,900 for Presidents Plaza I maintenance and $4,200 for Presidents Plaza III
maintenance.
• $6,000,000 for park land purchase in Project Area 2.
Submitted By:
Paul S. Gibson
Director of Finance/City Treasurer
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OTHER
Approval:
Carlos Ortega, Manager
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RESOLUTION NO.06-115
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM DESERT, CALIFORNIA, AMENDING THE FISCAL YEAR 2005-2006
BUDGET AS A RESULT OF YEAR-END ADJUSTMENTS.
WHEREAS, as a result of a Year -End review of the budget, it is desirable to revise
the 2005-06 Budget;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm
Desert, California, that the 2005-06 Budget is hereby revised as follows:
1. The amounts shown in the column entitled "Revised Appropriations" in the
table entitled "City of Palm Desert, Year -End 2005-06 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 2005-06.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
City Council held on this 24th day of August, 2006, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
JIM FERGUSON, MAYOR
ATTEST:
RACHELLE KLASSEN, CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
RES: 06-115
Exhibit "A"
FUND/
DEPARTMENT
GENERAL FUND
Unemployment
Information Systems
Outside Agency
City Manager
Legal Services
Audit
Building & Safety
Landscape Services
Police Services
Street Resurfacing
CITY OF PALM DESERT
YEAR-END 2005-06 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
REVISED
APPROPRIATIONS
GENERAL FUND EXPENSE- NET CHANGE
Other Funds:
Presidents Plaza I
Presidents Plaza III
El Paseo Merchants Assoc.
CHANGE
INC/(DEC)
3,100
37,000
11,900
6,600
320,000
3,400
48,600
1,500
(320,000)
(200,000)
$( 141,100 )
$13,900
4,200
2,000
Public Safety Grants 9,200
RESOLUTION NO.532
A RESOLUTION OF THE PALM DESERT REDEVELOPMENT
AGENCY, PALM DESERT, CALIFORNIA, AMENDING THE FISCAL
YEAR 2005-06 BUDGET AS A RESULT OF YEAR END
ADJUSTMENTS
WHEREAS, as a result of Year -End review of the budget, it is desirable to revise
the 2005-06 Budget;
NOW, THEREFORE, BE IT RESOLVED by the Redevelopment Agency, Palm
Desert, California, that the 2005-06 Budget is hereby revised as follows:
The amount shown in the column entitled "Revised Appropriations" in the
table entitled "Palm Desert Redevelopment Agency, Mid -Year 2005-06
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 2005-
06.
PASSED, APPROVED AND ADOPTED, at the regular meeting of the Palm
Desert Redevelopment Agency held on this 24th day of August 2006, by the following
vote to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST:
Rachelle D. Klassen, Secretary
Jim Ferguson, Chairman
CADocuments and Settingsipyibsan%Local SettingsWemporary Intemet F1es\0LK11\2005-06 RDA Midyear Budget Resolution.doc
RES:532
Exhibit "A"
PALM DESERT REDEVELOPMENT AGENCY
YEAR-END 2005-06 BUDGET REVIEW
REVISED APPROPRIATIONS
OPERATING BUDGET
FUND/ REVISED CHANGE
DEPARTMENT APPROPRIATIONS INC/(DEC)
Project Area #2 Administration $6,000,000