HomeMy WebLinkAbout2012/05/22 Item 03CITY COUNCIL
AGENDA STATEMENT
~~ CITY OF
CHULA VISTA
MAY 22, 2012, Item 3
ITEM TITLE: QUARTERLY FINANCIAL REPORT FOR THE QUARTER ENDING
MARCH 31, 2012
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AMENDING THE FISCAL YEAR 2011/2012 BUDGET AND
APPROPRIATING FUNDS THEREFOR
SUBMITTED BY: DIRECTOR OF FINANCC~-Q~'K
REVIEWED BY: CITY MANAGER S~' I V
ASSISTANT CITY MANAGEP~{
4/STHS VOTE: YES ^X NO ^
SUMMARY
Section 504 (f) of the City Charter requires quarterly financial reports to be filed by the
Director of Finance through the City Manager.
The quarterly financial reports are intended to give the public and City Council an overview of
actual expenditures and revenues through March 31, 2012 as well as a projection of how the
City expects to end the current fiscal year. Staff is also requesting a number of budget
amendments to various funds to account for changes that have occurred since the adoption
of the budget.
ENVIRONMENTAL REVIEW
The Environmental Review Coordinator has reviewed the proposed activity for compliance
with the California Environmental Quality Act (CEQq) and has determined that filing of the
quarterly financial status report is not a "Project" as defined under Section 15378 of the State
CEClA Guidelines because it will not result in a physical change to the environment;
therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the actions
proposed are not subject to CEQA.
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MAY 22, 2012, Item 3
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RECOMMENDATION
That the City Council accept the Third Quarter Financial Report and adopt the
resolution amending the fiscal year 2011-12 budget.
BOARDS/COMMISSION RECOMMENDATION
Not applicable.
DISCUSSION
Attached for your consideration is the financial report for the third quarter of fiscal year
2011/12. The detailed financial report for the quarter ending March 31, 2012
(Attachment 1) discusses the financial outlook for the City's General Fund for fiscal year
2011/12.
The following chart summarizes the year end projections based on actual revenue and
expenditure trends through the third quarter.
~•
• ~ ~
Reserves-July 1, 2011 (audited) $11.90 $11.90
Revenues & Transfersln 125.7 125.0
Expenditures & Transfers Out (127.0) (125.4)
Projected Surplus/Deficit $0.00 ($0.4)
Projected Fund Balance-June 30, 2012 $11.90 $11.50
Percentage of Operating Budget 9.5% 9.2%
Overall, the third quarter financial projections reflect a deficit for the General Fund. The
projected $422,000 deficit is due to a one time appropriation for a capital project. Staff
will continue to review expenditures to identify potential savings to assist in mitigating
impacts to the General Fund reserves by year end. Staff will also continue to monitor
revenue trends and make adjustments as necessary.
General Fund Revenues -Based on activity through the end of the third quarter,
General Fund revenues improved slightly from the second quarter but continued to
track below budget expectations by approximately $664,000. Overall this represents a
projected shortfall of less than 1% of budgeted revenues. To follow is a brief summary
of some of the major revenue changes.
• Discretionary revenues:
o Property Tax revenues are trending lower than budget by approximately
$442,000 or -2% of anticipated property tax revenues. This projected
shortfall is due to assessed values remaining relatively flat from the prior
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MAY 22, 2012, Item ~
Page3of10
year and lower collections of delinquent taxes. Staff had assumed a 4%
growth in property tax revenues.
o Sales Tax revenues are trending higher than budget by approximately
$400,000 or +1% of anticipated sales tax revenues. The projected sales
tax revenues are based on information received from the City's sales tax
consultants, Hdl Companies, using actual sales tax received through the
first three quarters of calendar year 2011.
o Motor vehicle license fee (MVLF) revenues are trending lower than
budget by approximately $913,000 or -5% of anticipated MVLF revenues.
This projected shortfall is related to the State take away of MVLF
revenues of approximately $687,000. The State take away occurred in
August, shortly after the budget was adopted. The decrease in MVLF
revenues also reflects a smaller shortfall in MVLF in lieu revenues
projected at $226,000.
o Franchise Fee revenues are trending higher than budget by
approximately $260,000 or +3% of anticipated franchise fee revenues.
This projected increase is related to increased revenues realized in gas
and electricity.
• Program revenues:
o Charges for Services revenues are trending higher than budget by
approximately $774,000 or +11% of anticipated Charges for Services
revenues. This increase reflects a variety of changes in this category -
most notably it includes approximately $498,000 in reimbursement
revenue from the City's ambulance transport provider American Medical
Response (AMR) based on contract changes approved earlier this year.
Other notable increases include jail revenues and Fire construction
inspection fees.
o Fines, Forfeitures and Penalties revenue is trending lower than budget by
approximately $962,000 or -43% of anticipated Fines, Forfeitures, and
Penalties revenue. This decrease is a combination of various revenue
shortfalls -most notably decreased parking citations, code enforcement
violations, and negligent vehicle impound processirig fees.
o Licenses and Permits revenue is trending higher than budget by
approximately $330,000 or +40% of anticipated Licenses and Permits
revenue. This increase reflects higher than anticipated Housing Permits
and Building Permits.
• Variances in the other revenue categories net to a projected shortfall of
$106,500.
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MAY 22, 2012, Item .µ,
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General Fund Expenditures -Based on activity through the end of the third quarter,
General Fund expenditures are tracking below budget by approximately $206,000 which
represents a budget savings of less than 1%.
The following table reflects the projected year end expenditures by department.
City Council
Boards and Commissions
City Clerk
City Attorney
Administration
Information Technology Services
Human Resources
Finance
Non-Departmental
Animal Care Facility
Development Services (GF)
Police
Fire
Public Works
Recreation
Li bra rv
$ 1,286,619 $ 1,286,619 5 -
$ 40,076 $ 25,076 $ (15,000)
$ 1,407,780 $ 953,015 $ (454;765)
$ 2,255,035 $ 2,174,986 $ (80,049)
$ 1,698,163 $ 1,704,669 $ 6,506
$ 2,869,481 $ 2,869,481 $ -
$ 2,108,634 $ 2,102,188 $ (6,446)
$ 3,193,464 $ 3,133,114 $ (60,350)
$ 11,926,892 $ 12,045,078 $ 118,186
$ 2,137,321- $ 2,207,810 $ 70,489
$ 2,740,510 $ 2,750,409 $ 9,899
$ 41,987,896 $ 42,010,161 $ 22,265
$ 21,686,275 $ 22,107,095 $ 420,820
$ 23,513,855 $ 23,301,343 $ (212,512)
$ 3,312,411 $ 3,312,411 $ -
$ 3,517,601 $ 3,492,511 , $ (25,090)
Total Expenditures $ 125,682,013 $ 125,475,966 $ (206,047)
Note: As summarized in the above table, there are various departments that are projected to exceed
their expenditure budgets. No changes are recommended at this time for the Administration,
Development Services (General Fund), or Police departments. Staff will continue to monitor these
departments and make the adjustments as needed in order to end the year within budget. Should
transfers be needed for these departments they will be included as part of the year-end budget
adjustment report.
The most significant variances are reflected in the following departments:
• City Clerk-the projections included in the Third Quarter Financial Report reflect
net savings of approximately $454,000 in the City Clerk budget. This largely
reflects the projected savings from the Elections budget. The projected
expenditures reflect the cost of the June election and one ballot measure.
• Public Works -The projections for the Third Quarter Financial Report for the
Public Works Department estimated savings of $212,000. The projections reflect
savings in personnel services and utility costs that are projected to be lower than
budgeted levels. Savings in Personnel Services reflect savings due to vacancies.
• Non-Departmental -the projections included in the Third Quarter Financial
Report reflect net deficit of approximately $118,000. This variance is largely due
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MAY 22, 2012, Item 3
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to a reduction in the Non-Departmental CIP budget to reflect the closure of
capital improvement budgets funded through Redevelopment. The Non-
Departmental budget continues to reflect savings in the Supplies and Services
category from lower than expected unemployment insurance costs.
• Fire -the projections for third Quarter Financial Report reflect that the Fire
Department will exceed their budget by approximately $420,000 which is largely
due to a projected overage in Personnel Services. The projection for Constant
Minimum Staffing in the Fire Department has improved from what was
previously reported. Personnel costs due to injury leave and other personnel
issues resulted in an increased use of Constant Minimum Staffing overtime.
Although there has been improvement, the department is still projected to
exceed the budget in this category by approximately $373,000. Also contributing
to the Fire department projected overage is the need to replace personal
protective equipment and unanticipated costs in fleet maintenance. The Fire
Department is projected to mitigate this deficit and remain under its budgeted
net cost with unanticipated American Medical Response (AMR) revenue and
better than expected fire inspection revenue.
As stated earlier, the third quarter financial projections indicate some potential
challenges. Staff will continue reviewing expenditures to identify potential savings to
assist in mitigating any impacts to the General Fund reserves by year end. Staff will also
continue to monitor revenue trends and make adjustments as necessary.
FISCAL YEAR 2011-12 BUDGET TRANSFERS AND APPROPRIATION REQUESTS
For government entities, a budget creates a legal framework for spending during the
fiscal year. After the budget is approved there are circumstances that require
adjustments to the approved budget. Per the City Charter, the City Council may amend
the budget through a 4/5th vote.
General Fund:
Staff is requesting various budget amendments in the General Fund. The fiscal impact
of the budget amendments is noted with each requested change.
• The Recreation Department -Approval is requested for an appropriation in the
amount of $4,540 based on unanticipated revenues in the form of a grant from
the Friends of Parks and Recreation. The grant funding will pay for recreational
swimming at the City's two pools for the month of June during the school
summer break. Loma Verde Pool will be open for recreational swimming on
Mondays, Wednesdays and Fridays from 12:00 - 2:30 pm, and Parkway Pool will
be open for recreational swimming on Tuesdays and Thursdays from 12:00 pm -
2:30 pm., and Saturdays from 12:00 pm - 3:00 pm.
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MAY 22, 2012, Item 3
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• The Public Works Department -Approval is requested for an appropriation in
the amount of $120,000 based on unanticipated recycling revenues from the
State. A minor CIP project will be created with these funds. The project will
allow the department to address building repairs associated with vandalism at
various city facilities and other repairs, (ranging from $7,000 to $10,000 per
improvement) that will aid in reducing a backlog of various building maintenance
projects. This will include painting, stucco and drywall, electrical and roofing
repairs required at various City facilities.
• Fire Department -The Fire Department is requesting an appropriation in the
amount of $133,000 for the brush management program. This appropriation will
budgeted as a minor CIP project and will be fully offset by unanticipated
recycling revenues from the State. Funds will be used to provide vegetation
management for Rice Canyon.
As noted in the previous section there are various departments that are projected to
exceed their expenditure budgets. No changes are recommended at this time for
Administration, Development Services (General Fund), or Police. Staff will continue to
monitor these departments and make the adjustments as needed in order to end the
year within budget. Should transfers be needed for these departments they will be
included in the year-end budget adjustment report. Staff is recommending various
transfers in order to conclude fiscal year 2011-12 operations without incurring operating
deficits in individual expenditure categories. Staff recommends a transfer to the Animal
Care Facility that will be offset with a reduction in the Non-Departmental budget. Staff
also recommends an inter-department transfer in the Library department. Finally, an
appropriation is recommended to address projected overages in the Fire Department,
this appropriation will be fully offset by unanticipated revenue. All of these changes
result in no net impact to the General Fund. Below is a brief description of the
recommended changes:
• Transfer from Non-Departmental to the Animal Care Facility (ACF) -The third
quarter projections reflect savings in the Non-Departmental budget related to
savings in unemployment insurance. The transfer of $70,500 from Non-
Departmental to the ACF will not negatively impact the Non-Departmental
budget.
o ACF - A transfer of $70,500 is recommended to address a projected
overage in the Personnel Services of the Animal Care Facility budget.
These additional costs are a result of the addition of contracted spay and
neuter clinics services at the Sweetwater Animal Shelter for newly
adopted animals and additional hourly staffing needed to maintain
current service levels. The clinics are revenue offset but due to other
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MAY 22, 2012, Item_~
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revenue shortfalls a transfer from Non-departmental is recommended to
address the needs in Personnel Services.
• Library -Approval is requested for an inter-departmental transfer in the library
department to align the budget with projected expenditures. The most recent
projections for the Library department indicate that they will exceed their
Personnel Services budget and Supplies and Services budget. However, there
are sufficient savings in the department's Utilities budget to offset these
expenditures. Increased personnel services costs are due to hourly wages costs
resulting from the opening of the Otay Ranch Town Center Library. Supplies and
services costs are also due to materials purchased for the opening of the Otay
Ranch Town Center Library. Staff recommends a transfer of $40,000 to
Personnel Services and $45,000 to Supplies and Services from the Utilities
budget ($85,000).
• Fire Department -Approval is requested for an appropriation in the amount of
$420,800 for increased personnel. services ($373,200) and supplies and services
costs ($47,600). As discussed in the previous section, the increase in personnel
services costs are due to injury leave and other personnel issues which resulted
in an increased use of Constant Minimum Staffing overtime. Increased supplies
and services costs are due to higher than anticipated costs for replacing personal
protective equipment and unanticipated costs in fleet maintenance. These costs
will be fully offset by appropriating unanticipated American Medical Response
(AMR) revenue and better than expected fire inspection revenue.
In summary, the proposed changes to the General Fund will result in the appropriation
of $678,673 that is offset by additional revenue. The other requested adjustments are
cost neutral. These changes result in no net fiscal impact to the General Fund.
Other Funds:
The following reflects the proposed budget changes to other funds. The fiscal impact of
the budget amendments is noted with each requested change.
American Recovery Reinvestment Act (ARRA) Fund -The following Transfers/Changes
are requested to be approved for the ARRA Fund:
• Cilantro Store Program - A transfer in the amount of $75,000 is requested from
the other expenses expenditure category to the services supply category for the
Cilantro Store Program in order to align the budget with actual expenditures.
• Southern Border Narcotics Grant Program -Approval of a transfer of $185,000
from the supplies and services expenditure category to the personnel services
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MAY 22, 2012, Item
Page 8 of 10
category in the Southern Border Narcotics Grant Program. The transferred funds
will be utilized to fund personnel costs of a police agent assigned to this
program.
• Energy Efficiency & Conservation Block Grant (EECBG) -Approval of transfers of
$18,760 and $50,000 from the Supplies and Services and the CIP Project
Expenditures budget categories, respectively, to the Other Expenses category
are requested within the American Recovery & Reinvestment Fund. The
requested transfer of funds would allow the City to utilize unencumbered Energy
Efficiency & Conservation Block Grant (EECBG) funds to continue providing
incentives to residents completing home energy upgrades under the Chula Vista
Home Upgrade, Carbon Downgrade Program.. To date, approximately 90 local
homeowners have participated in the incentive program and reduced their
energy use by 24% on average.
Park Acquisition and Development (PAD) Funds -The City historically deposited all Park
Acquisition and Development (PAD) fees into a single fund. Within that fund, the City
administratively tracked the balance of PAD funds for each development area in the
City. In fiscal year 2010-11, a new fund was created to account for PAD fees collected in
western Chula Vista separately from PAD fees collected in eastern Chula Vista. The
proposed transfer establishes the initial fund balance of the new Western PAD Fee Fund
and completes the administrative task of separating the PAD fee monies into Eastern
and Western PAD Fee funds. An appropriation of $615,985 will be added to the PAD
fund for this transfer; a corresponding transfer in of an equal amount will be added to
the Western PAD fund.
State Library Act Fund -the fiscal year 2011-12 budget included an appropriation of
$200,000 for costs related to opening the Library Storefront at the Otay Ranch Town
Center. A transfer of $70,000 from the Capital expenses category to the Supplies and
Services category is needed to align the budget with actual expenditures. This transfer
will allow the costs for office equipment and furnishings that do not meet the threshold
for capital equipment to be posted to the correct object. There is no net fiscal impact
resulting from this transfer.
Home Program -Approval of a transfer in the amount of $464,000 from the Capital
expense category to Non-CIP Capital expense category for the Home Program. The
Home Program is a down payment assistance program for low income first time
homebuyers funded with Federal HOME grant funds. The transfer of funds will facilitate
the tracking of expenses related to this program allowing for improved administration of
program funds.
Parking Meter Fund -Approval of an increase in the amount of $50,000 in the Other
Expenses category is requested for the Parking Meter Fund. This increase in requested
to address an overage in the Parking Meter Fund resulting from increased pass-through
fees collected on Chula Vista parking citations and remitted to the County of San
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MAY 22, 2012, Item
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Diego. All parking citations issued in the City include the collection of the full pass-
through fee to be remitted to the County. This increased expenditure is fully offset by
parking citation revenues collected in excess of budgeted revenues.
In summary, the proposed Non-General Fund changes will result in an increase in
appropriations in the amount of $615,985 in Park Acquisition and Development Fund
and a $50,000 increase for the Parking Meter Fund.
DECISION MAKER CONFLICT
Staff has reviewed the decision contemplated by this action and has determined that it
is not site specific and consequently, the 500-foot rule found in California Code of
Regulations section 18704.2(a)(1) is not applicable to this decision.
CURRENT YEAR FISCAL IMPACT
There is no fiscal impact resulting from accepting the Quarterly Financial Report.
Additional appropriations requests amending the FY 2011-12 budget are fully offset by
corresponding revenues, transfers or expenditure savings.
Approval of the resolution amending the fiscal year 2011/12 budget will result in the
following appropriations. The resulting fiscal impacts to various funds are also listed in
the following table.
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MAY 22, 2012, Item ,~
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Summary of Budget Appropriations and Amendments by Department and/or Fund
General Fund:
Public Works Minor ClP Expense For City Building Repair 3 120000 $ 120000 $ -
FireDepartmenl Minor ClP EZpense FOr Brush Management $ 133,333 $ 133,333 $ -
Fire DeparVnent To address Personnel SeMCes Proj. Overage $ 373,200 $ 373,200 $ -
Fire DeparUnent To address Supplies and Seances Proj. Overage $ 47,600 $ 47,600 $ -
Recrealion Appropriation of donation Friends of Parks & Rec. $ 4,540 $ 4,540
Various Inter-Dept Transfers:
Animal Care Facility To atltlress Personnel Services Proj. Overage $ 70,500 $ - $ 70,500
Non-Departmental Projected Supplies and Seances Savngs $ (70,500) $ - $ (70,500)
Intra-Department Transfer
Library To address Personnel Services Proj. Overage $ 40 000 $ - $ 40,000
Library To address Supplies and Services Proj. Overage $ 45 000 $ - $ 45,000
Library Projected Utility Savings $ (85,000) $ - $ (85,000)
Subtotal General Fund $ 678,673 $ 678,673 8 -
Other FUnds:
ARRA-Cilantro Store Prog. Transfer from Other Expenses $ (75,000) $ - $ (75,000)
ARRA- CilanVO Store Prog. Transfer to Supplies and Services $ 75,000 $ - $ 75,000
ARRA- S. Bortler Narwtics Prog. Transfer to Personnel Services $ 185,000 $ - $ 185,000
ARRA- S. Border Narcotics Prog. Transfer From Supplies and Services $ (185,000) $ - $ (185,000)
ARRA-Energy Efficiency Conserv. Transfer From Supplies and Services $ (16 760) $ - $ (18,7fi0)
ARRA-Energy Efficiency Conserv. Transfer From ClP Project Expenditures $ (50,000) $ - $ (50,000)
ARRA-Energy Efficiency Conserv. Transfer to Omer Elyenses $ 68,760 $ - $ 68,760
Western PAD fee Fund Transfer Western PAD Fund Balance From PAD $ - $ 615,985 $ (615 985)
Park PCquisition & Development Transfer Western PAD Fund Balance From PAD $ 615,985 $ - $ 615,985
Parking Meter Fund To address increase in Pass Through Fees $ 50,000 $ 50,000 $ -
Home Program Transfer from Capital Expense $ (464,000) $ - $ (464,000)
Home Program Transfer to Non-DIP Capital expense $ 464,000 $ 464,000
State Library PCt Funtl Transfer From Capital Expenses $ (70 000) $ - $ (70,000)
State LibraryACt FUnd Transfer to Supplies and Services $ 70000 $ - $ 70,000
Subtotal Other Funds $ 665,985 $ 665,985 $ -
I Total All Funtls $ 1,344,658 $1 ,344,658 $ -
ONGOING FISCAL IMPACT
There are no ongoing fiscal impacts resulting from the budget amendments described
above.
ATTACHMENTS
1. Third Quarter Financial Report
Prepared by: Angelica Aguilar, Budget and Analysis Manager, Finance Department
3-10
~V fj
/~~
C11Y OF
CHULA VISTA
OVERVIEW
This financial report summarizes the City's General
Fund financial position for the fiscal year through
March 31, 2012 and projecting out to June 30, 2012.
The purpose of this report is to provide the City
Council, Management and the Citizens of Chula Vista
an update on the City's fiscal status based on the most
recent financial information available.
ECONOMIC UPDATE
The National Forecast' - In his March 2012 report,
UCLA Anderson Forecast Senior Economist David
Shulman details how the unseasonably warm winter
weather drove the consumer economy. The impact of
the mild winter manifested in several respects,
including an unusually low number of workers being
kept away from their jobs and lower home-heating bills
(aided by plummeting natural gas prices, which helped
offset higher gasoline prices) -all of which acted as
stimulants for the labor markets. But, Shulman writes,
"We suspect that once the weather and the seasonal
adjustment factors normalize in March and April, the
economic data won't look so ebullient." Shulman also
writes that "the stronger employment data are not
appearing to translate into stronger overall GDP
growth." He argues that part of the recent gains in
employment was a response to prior growth, not
expectations for future growth.
The California Forecast2 - In the California report,
Senior Economist Jerry Nickelsburg discusses how the
state's unemployment rate is historically the same or
slightly higher than the U.S. rate. The U.S. as a whole
saw a decline in its overall labor force, as discouraged
workers removed themselves from actively seeking
employment. In California, the same removal from the
labor force did not occur, and this accounts for much of
the difference in rates between the state and the
nation.
The California forecast is for employment growth of 1.9
percent in 2012, 2.0 percent in 2013 and 2.6 percent in
2014. Payrolls will grow more slowly, at 1.3 percent,
1.9 percent and 2.5 percent, respectively. Real
personal income growth is forecast to be 2.4 percent in
'Source: UCLA Anderson Forecast, March 2012
s Source: UCLA Anderson Forecast, March 2012
Quarterly Financial Report
Third Quarter Ending March 31, 2012
May 2012
2012, followed by 2.1 percent in 2013 and 3.2 percent in
2014.
The San Diego Forecast3 -The USD Burnham-Moores
Center for Real Estate's Index of Leading Economic
Indicators for San Diego County rose 0.9 percent in
January. The advance was led by improvement in
consumer confidence, local stock prices and the
indicator for initial claims for unemployment insurance.
Help wanted advertising and the outlook for the national
economy were also up solidly. The only component that
declined in January was building permits. After a stretch
of six months that alternated between advancing and
declining, the January 2012 USD Index was the third
straight month that exhibited an increase in the index.
October's decline pushed the string of alternating
declines and advances in the USD Index to six straight
months. With no turning point being signaled, the
outlook for the local economy remains unchanged from
what was previously reported: positive but weak growth
through at least the first half of 2012. The chart below
reflects the San Diego Index of Leading Economic
Indicators from January 2007 to January 2012.
San Diego Index of Leading Economic Indicators
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3Source: University of San Diego School of Business
Administration, USD Index of Leading Economic
Indicators, November 2011; retrieved from URL:
htto~//home. sandiego.edu/-agin/usdlei/index.html
3-1 1
QUARTERLY FINANCIAL REPORT
THIRD QUARTER OF 2011/12
Page 2 of 7
GENERAL FUND SUMMARY
continue to monitor revenue trends and make
adjustments as necessary.
General Fund Reserves -The General Fund Reserve
policy was established to ensure that the City's
finances are managed in a manner which will:
1. Continue to provide for the delivery of quality
services
2. Maintain and enhance service delivery as the
community grows in accordance with the General
Plan
3. Minimize or eliminate the need to raise taxes and
fees because of temporary revenue shortfalls
4. Establish the reserves necessary to meet known
and unknown future obligations and ability to
respond to unexpected opportunities.
In November 2009, the City Council approved a
resolution updating the City's General Fund Reserve
Policy. As part of the update, the policy set a new
long-term goal for a higher level of reserves; increasing
the policy for reserve levels from 8% to 15%. The City
started the current fiscal year with an available reserve
of 9.5%.
The fnal audited numbers for fiscal year 2010/11 were
presented to Council in January 2012. The following
table reflects the audited General Fund reserves as of
July 1, 2011.
.-
Reserves-July 1,2011 ..
$11.9
$11.9
(audited)
Revenues & Transfers In 125.7 125.0
Expenditures 8 Transfers Out (125.7) (125.4)
Projected SurpluslDeficit $0.0 ($0.4)
Projected Fund Balance- $11 9 $11 5
June 30, 2012
Percentage of Operating Budget 9.5% 9.2%
The third quarter financial projections indicate that
there continue to be some challenges in the General
Fund. The projected deficit is $422,000 for the current
year. Staff will be recommending budgetary
adjustments to various departmental budgets in order
to avoid deficits in specific expenditure categories.
Staff is currently reviewing expenditures to identify
potential savings to assist in mitigating impacts to the
General Fund reserves by year end. Staff will also
Based on activity through the end of She third quarter,
General Fund revenues are tracking below budget
expectations by approximately $664,000, which
represents a projected shortfall of less than 1%.
Variances in the City's major revenue sources are
discussed in further detail in the revenue section of this
report. Program revenues continue to be challenging as
there were some unanticipated revenue shortfalls in
parking citations, code enforcement violations, and
negligent vehicle impound processing fees. Some
positive trends in program revenue include the
reimbursement revenue from American Medical
Response (AMR) based on contract changes approved
earlier this year and better than expected revenues from
Housing Permits and Building Permits.
Based on activity through the end of the third quarter,
General Fund expenditures are tracking below budget
by approximately $206,000 which represents a budget
savings of less than 1%. There are various departments
that are projected to exceed their expenditure budgets
that include: Fire, Animal Care Facility and Police
departments. Staff will continue to monitor these
departments and make the adjustments as needed in
order to end the year within budget. Should transfers be
needed for these departments they will be included as
part of the year-end budget adjustment report. Most of
the savings are reflected in the City Clerk and Public
Works departments. City Clerk departmental savings
reflect savings for election costs and Public Works
department savings reflect personnel service savings
due to vacant positions.
Revenues
Reflected in the following table are discretionary and
departmental programmatic revenues. The projections
indicate both discretionary and programmatic revenues
are trending down when compared to budget. Updated
sales tax figures and other revenues may help to
mitigate some of the projected shortfalls. Staff will
continue to monitor revenue trends and make
adjustments as necessary.
3-12
QUARTERLY FINANCIAL REPORT
THIRD QUARTER OF 2011/12
Page 3 of 7
General Fund Revenues
Property Takes $ 25,230,494 $ 24,788,3fi7 $ (442,127)
Sales Tax $ 19,837,472 $ .20,094,856 $ 257,384
Motor Vehicle License Fees $ 17,201,233 $ 16,287,965 $ (913,268)
Other Revenues $ 14,389,933 $ 14,485,824 $ 95,891
Transfers From Other Funds $ 12,472,414 $ 12,101,985 $ (370,449)
Franchise Fees $ 7,533,386 $ 7,793,000 $ 259,614
Charges for Sertices $ 7,088,768 $ 7,863,152 $ 774,384
Sales Tax in lieu $ 6,Sfi3,322 $ 6,701,782 $ 138,460
Utility Users Taxes $ 3,240,633 $ 3,405,335 $ 164,702
Olher Agency Revenue $ 2,699,027 $ 2,fi4fi,163 $ (52,864)
Use of Money antl Property $ 2,285,498 $ 2,412,780 $ 126,682
Fines, Forteitures & Penalties $ 2,199,885 $ 7,238,315 $ (961,570)
Transient Occupancy Taxes $ 2,086,377 $ 2,108,878 $ 22,501
Business License Tax $ 1,213,000 $ 1,192,875 $ (20,785)
Real Property Transfer Tax $ 849,816 $ 777,016 $ (72,800)
Licenses and Permits $ 825,630 $ 1,155,699 $ 330,069
Total Revenue $ 125,71fi,888 $ 125,053,312 E (663,576)
Sales Tax (Sales Tax and Sales Tax in lieu) -Sales
tax is projected to be the City's largest revenue source,
representing 21.1 percent of General Fund revenues in
the fiscal year 2011/12 adopted budget.
City staff has received sales tax data from the City's
sales tax consultant, HdL Companies, for the fourth
quarter of calendar year 2011. They report that the
change in sales tax receipts between fourth quarter
calendar year 2011 and fourth quarter calendar year
2010 increased by 7.9 percent Statewide, by 7.8
percent in San Diego County and 4.5 percent in Chula
Vista.
Sales tax projections for sales tax and sales tax in-lieu
for the current fiscal year indicate that sales tax is
tracking close to budget with a slight positive trend.
Based on the most recent report received from the HdL
Companies, the City is expected to realize an
additional $395,900 in sales tax when compared to
budget.
The following chart represents actual sales tax
collections since fiscal year 2007/08. Fiscal year
2011/12 is projected and does not reflect actual
collections.
Sales Tax
Property Taxes -The City of Chula Vista receives
property tax revenue based upon a 1.0 percent levy on
the assessed value of all real property. Property tax is
the City's second largest revenue source, representing
20.2 percent of General Fund revenues in the fiscal year
2011/12 adopted budget.
Property tax projections remain unchanged from the
second quarter, and indicate that these revenues are
trending down when compared to budget. This shortfall
is due to assessed values remaining relatively flat from
prior year. A projected shortfall of $442,100 is projected
for this revenue category, a shortfall of approximately -
1.7%. The following chart represents actual property tax
collections since fiscal year 2007/08. Fiscal year
2011/12 is projected and does not reflect actual
collections.
Property Tax
53s.v
529.3 $29.3
$30.0
$28J $24.7 $24.8
Szs.o
szo.o
5ss.o '
510.0
ss.o ii
So 0
FV08 ARUaI FY09 Actual FYIO AQUaI fY13 AQual FYII Proj
3-13
QUARTERLY FINANCIAL REPORT
THIRD QUARTER OF 2011/12
Page 4 of 7
Motor Vehicle License Fee (VLF). With the State
Budget Act of 2004, the allocation of VLF revenues to
cities and counties was substantially changed. For FY
2005/06 and beyond, the majority of VLF revenues for
each city will grow essentially in proportion to the
growth in the change in gross assessed valuation. Due
to the new formula by the State, 96% of the City's VLF
revenues fluctuate with changes in assessed values in
the City. The other 4 percent of VLF revenues
received by the City are based on a per capita formula.
Franchise Fees -Franchise fee revenues are generated
from public utility sources such as San Diego Gas &
Electric (2% on gas and 1.25% on electricity), trash
collection franchises (9.05% fee), and cable franchises
(5% fee) conducting business within City limits. SDG&E
collects the franchise fee from Chula Vista customers
and remits these revenues to the City. Trash franchise
fees and cable fees are based on fixed rates and
remitted to the City on a monthly and quarterly receipt of
the revenues respectively.
For the 2011-12 fiscal year, the Governor signed 5689.
Provisions in SB89 shift hundreds of millions of Vehicle
License Fee revenues to fund the state law
enforcement grants.
Statewide, 5889 takes $130 million of city general
revenue and shifts it to save state law enforcement
grant programs. Less than $100 million of these police
grant funds will go back to cities.
The City of Chula Vista is estimated to lose
approximately $687,029 due to the State take away.
This estimated loss will be offset by one-time VLF
back-payments received from the State in the current
fiscal year.
In addition to the shortfall discussed above, there is a
shortfall of approximately $226,000 in the State Motor
Vehicle License in lieu revenue due to assessed values
remaining relatively flat from prior year.
The combined effect of both of these impacts indicates
a short-fall of $913,000 in VLF revenue for the current
fiscal year, unchanged from the second quarter.
The following chart reflects actual VLF revenue since
fiscal year 2007/08. Fiscal year 2011/12 is projected
and does not reflect actual collections.
Motor Vehicle License Fees
~
„ Szs.o
i; -
i
g $20.0 $19.8 $19.9 ~~
$17.] $16.9
$16.3
$SS.o ~~,
riao
Ss.o ~~~
$o.°
fY08 Actual FY09 ARUaI FV10 ARUaI FVIl ARUaI FYII Groj
Current projections for Franchise Fee revenues are
unchanged from the second quarter. They indicate that
these revenues are trending to exceed budget by
approximately $259,600; an increase of approximately
3.3% when compared to budget. The following chart
reflects actual Franchise Fee revenue since fiscal year
2007/08. Fiscal year 2011/12 is projected and does not
reflect actual collections. The chart reflects the drop off
in Franchise Fee revenues due in part to lower natural
gas prices and the loss of revenue from the closure of
the South Bay Power Plant.
Franchise Fees
Transient Occupancy Tax (TOT) -The City receives 10
percent of hotel and motel room rates for stays less than
30 days. Current projections for TOT revenues indicate
that TOT revenues are tracking slightly above the
budgeted level.
The following chart reflects actual TOT revenue since
fiscal year 2007/08. Fiscal year 2011/12 is projected
and does not reflect actual collections.
3-14
QUARTERLY FINANCIAL REPORT
THIRD QUARTER OF 2011/12
Page 5 of 7
Transient Occupancy Tax (TOT) Expenditures
c $2J
~
E 52.5 _..--sz9 _.__
',.
Sz.D 5z.1 Sz.1 '.........
$z.o - - -- --- !...
$1.5 _-__ _--- ----...__ ..... _._
Si o _.._.....- -- __
$D.5 _.__...._._ __ _..
FV08 Acual FY09 Actual FYIO ARUaI FV11 Actual FY12 Proj
Utility Users Tax (UUT) -The City adopted its Utility
Users Tax (UUT) in 1970. The City of Chula Vista
imposes a UUT on the use of telecom at the rate of 5%
of gross receipts and the UUT on natural gas services
is $0.00919 per therm and $0.00250 per kilowatt on
electricity services, which equates to approximately a
1 % tax.
Current projections for UUT revenues indicate these
revenues are tracking above the budget level by
$164,000. The following chart reflects actual UUT
revenue since fiscal year 2007/08. Fiscal year 2011/12
is projected and does not reflect actual collections.
$10.0
~
$9.1
_°- $9.0
~ $8.0 $7.8
7-
$zo
$fi.D
$4.9
$s.o _---- _ - ---
$4.0 - -- 3-4--
$3.0
$2.0 ~_ _..__.-__ __.--
$1.0 ~ -
FY08 Actual FY09 ARUaI FY10 Adual FY11 Adual FY12 Proj
Utility Users Tax (UUT)
The General Fund's Amended Budget reflects the
Council adopted budget of $124.6 million and mid-year
appropriations of $1.0 million approved by City Council.
The following table reflects the General Fund amended
budget and actual expenditures by department as of
March 31, 2012. In total, Departments have expended
70 percent of the General Fund budget after 75 percent
of the fiscal year has elapsed.
General Fund Expenditures as of 3/31/2012
.- i
City Council $ 1,286,619 $ 877,796 68%
Boards&Comissions $ 40,076 $ 3,604 9%
City Clerk $ 1,407,780 $ 468,131 33%
City Attorney $ 2,255,035 $ 1,350,801 60%
Administration $ 1,698,163 $ 1,241,572 73%
Info Tech Services $ 2,869,481 $ 2,143,948 75%
Human Resources $ 2,108,634 $ 1484,353 70%
Finance $ 3,193,464 $ 2,287736 72%
Non-Departmental $ 11,926,892 $ 7,576,759 64%
Animal Care Services $ 2,137,321 $ 1,606,327 75%
Development Svcs (GF) $ 2,740,510 $ 1,978,167 72%
Police $ 41,987,896 $ 30,362,614 72%
Fire $ 21686,275 $ 15,989,055 74%
Public Works $ 23,513,655 $ 16,144,297 69%
Recreation $ 3,312,411 $ 2,325,473 70%
Libra $ 3,517,601 $ 2,351,898 67%
Total General Funtl $ 125,682,013 $ 88,192,731 70%
The following table reflects the projected June 30, 2012
expenditures for the General Fund by Department.
•~
City Council $ 1,286,619 $ 1,286,619 $ -
Boards & Commissions $ 40,076 $ 25,076 $ (15,000)
City Clerk $ 1,407,780 $ 953,015 $ (454,765)
City Attorney $ 2,255,035 $ 2,174,9861 $ (80,049)
Administration $ 1,698,163 $ 1,704,669 i $ 6,506
Infonna[ion Tech Sncs $ 2,869,481 $ 2,869,481 $ -
Human Resources $ 2,108,634 $ 2,102,188 $ (6,446)
Finance ~ $ 3,193,464 $ 3,133,114 $ (60,350)
Non-Departmental $ 11,926,892 $ 12,045,078 $ 118,186
Animal Care Facility $ 2,137,321 $ 2,207,810 $ 70,489
Dev SerHCes (GF) I $ 2,740,510 $ 2,750,409 $ 9,899
Police I $ 41,987,896 $ 42,010,161 $ 22,265
Fire $ 21,686,275 $ 22,107,095 $ 420,820
Public Works $ 23,513,855 $ 23;301,343 $ (212,512)
Recreation $ 3,312,411 $ 3,312,411 $ -
Library $ 3,517,601 $ 3,492,511 $ (25,090)
Total F~cpenditures I $ 126,682,013 $ 126,476,966 ~ $ (206,047)
3-15
QUARTERLY FINANCIAL REPORT
THIRD QUARTER OF 2011/12
Page 6 of 7
Year-end projections indicate that based on activity
through the end of the second quarter, General Fund
expenditures are tracking below budget by
approximately $206,000, which represents a budget
savings of less than 1 %.
The major projected expenditure variances are
reflected in the following departments:
• City Clerk -the projections included in the Third
Quarter Financial Report reflect net savings of
approximately $455,000 in the City Clerk budget.
This largely reflects the projected savings from the
Elections budget. The projected expenditures
reflect the cost of the June election and one ballot
measure.
Public Works -The projections for the Third
Quarter Financial Report for the Public Works
Department estimated savings of $212,000. The
projections reflect savings in personnel services
and utility costs that are projected to be lower than
budgeted levels. Savings in Personnel Services
reflect savings due to vacancies.
Non-Departmental -The projections included in
the Third Quarter Financial Report reflect net
deficit of approximately $118,000. This variance is
largely due to a reduction in the Non-Departmental
CIP budget to reflect the closure of capital
improvement budgets funded through
Redevelopment. The Non-Departmental budget
continues to reflect savings in the Supplies and
Services category from lower than expected
unemployment insurance costs.
Police -The projections included in the Second
Quarter Financial Report reflected that the Police
Department will exceed their budget by
approximately $130,500, which was largely due to
a projected overage in Personnel Services. The
projection for the Third Quarter Financial Report
indicates that the Police Department will mitigate
most of the deficit by improving their projected
savings levels across various expenditure
categories.
Fire -The projections for Third Quarter Financial
Report reflect that the Fire Department will exceed
their budget by approximately $420,000 which is
largely due to a projected overage in Personnel
Services. The projection for Constant Minimum
Staffing in the Fire Department has improved from
what was previously reported. Personnel costs
due to injury leave and other personnel issues have
resulted in an increased use of Constant Minimum
Staffing overtime. Although there has been
improvement in this area, the department is still
projected to exceed the budget in this category by
approximately $373,000. Also contributing to the
Fire department projected overage is the need to
replace personal protective equipment and
unanticipated costs in fleet maintenance. The Fire
Department is projected to mitigate this deficit and
remain under its budgeted net cost with
unanticipated American Medical Response (AMR)
revenue and better than expected fire inspection
revenue.
Mid-Year Budget Amendments
Mid-year appropriations approved through three quarters
of the fiscal year totaled $808,885 with offsetting
revenues resulting in no net impact to the General Fund.
The Council approved the following budget amendments
during the third quarter:
N Evidence Conhol Assistant 8 fioutly $ 1fi5, 000 $ 165,000 $ -
Histodc Preservation Commission § - $ 2.825 $ 12,825)
Regional Forensic Lab $ 84,051 $ 80,810 $ 3,233
GootlOCh Donation -Rohr park trash bins $ 12,000 $ 12,000 $ -
State E-911 reimbursement for CAD interface $ 120,453 $ 120,453 $ -
Rutlgetcleanupitem-vadaus $ 101,402 $ 101402 $ -
Counly Grant br Centennial History Walk $ 20,000 $ 20,000 $ -
Appropriatiansapproved in 8econtl Lluarter: $ -
DonationforROOks $ 45,000 $ 45,000 $ -
Misc Recreation budget changes $ 390,030 $ 390,030 $ -
ACF Caltery Expansion CIP $ 150,000 $ 150,000 $ -
AppropdaticnsapprovadinihirdCuarter: $ -
Library Fountlation Donation $ 50,000 $ 50,000 $ -
EliminatianofRDAFundeh3rtlA~e.CIP § - $ (2,500,000) $ 2,500,000
Transfer to RDA for Elimination of 3rd Aye.CIP § $ 2,500,000 $ (2,500,0001
Ellminatlan of RDA Funded Meln SI. CIP $ - $ (500,000) $ 500,000
2nd Guader Cleanup $ 3,624 $ 3,200 $ 424
Banita/LOng Canycn Project $ $ 466,000 $ (466,000)
Council ApProPriations E 1,141,E60 E 1, 10fi,]28 $ 04,832
3-16
QUARTERLY FINANCIAL REPORT
THIRD QUARTER OF 2011/12
Page 7 of 7
Budget Transfers
The following table reflects the administrative budget
transfers that been approved through the third quarter.
Adjustment for Personnel Servlces to
travel/conferences/ and City Council $ 3,000 Supplies 8 Services
meetings _
Realign butlget and adjust wage City Council $ 5,416 Supplies 8 Services to
relaletl objects Personnel Berates
Transfer to account for copier
Atlministration
, $ 4,577 Personnel Services to
costs Supplies 8 Sernces
Transfer to align budget with Non-Dept $ 13,840 Capital to Supplies 8
actual expenditures Services
Hcurty Wages for Otay Ranch Library $ 15,000 Capital to Supplies 8
Library Storefiront SerHCes
Pressure Washer Purchase Public Wodcs § 7602 Capital to Supplies 8
Seances
personnel Services to
ACF Public Clinics ACF $ 15,000 Supplies 8 Services
Transfer to align budget with City Council Supplies 8 Serdces to
actual expenditures $ 700 Personnel Berates
3-17
RESOLUTION NO. 2012-
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA
AMENDING THE FISCAL YEAR 2011/2012 BUDGET AND
APPROPRIATING FUNDS THEREFOR
WHEREAS, On June 21, 2011 the City Council of the City of Chula Vista adopted a $124.6
million General Fund budget for fiscal year 2011-12; and
WHEREAS, subsequently staff has identified various budget adjustments in the form of
transfers and new appropriations that are recommended for approval; and
WHEREAS, these budget adjustments are necessary in order. to properly reflect the
expenditures that are programmed to fund the City's operations in the current fiscal year; and
WHEREAS, Council Policy 220-02 "Financial Reporting and Transfer Authority", requires
that the City Council approve budget transfers between departments and/or amounts greater
than $15,000; and
WHEREAS, a budget appropriation of $4,540 is recommended in the Recreation
department based on unanticipated donated revenue from the Friends of Parks and Recreation.
Funds will be utilized to pay for recreational swimming at the City's two pools (Loma Verde and
Parkway) for the month of June during the school summer break; and
WHEREAS, a budget appropriation of $120,000 is recommended in the Public Works
department based on unanticipated recycling revenues from the State. These funds will be
utilized to complete building repairs associated with vandalism at various city facilities and for
minor capital improvement projects (CIP); and
WHEREAS, a budget appropriation of $133,000 is recommended in the Fire Department
for a brush management program to provide vegetation management services to Rice Canyon,
this appropriation will be fully offset by unanticipated recycling revenues from the State; and
WHEREAS, a transfer of $70,500 from the Non Departmental budget to the Animal Care
Facility budget is recommended to address a projected overage in the Personnel Services of the
Animal Care Facility budget, additional costs are a result of the addition of contracted spay and
neuter clinics services at the Sweetwater Animal Shelter for newly adopted animals and
additional hourly staffing needed to maintain current service levels. The clinics are revenue
offset but due to other revenue shortfalls a transfer from Non-departmental is recommended to
address the needs in Personnel Services; and
WHEREAS, approval is requested for an intra-departmental transfer in the Library
department to align the budget with projected expenditures due to the opening of the Otay
3-18
Resolution No.
Page 2
Ranch Center Library, the recommended transfer is from the Utilities budget ($85,000) to
Personnel Services ($40,000) and Supplies and Services ($45,000); and
WHEREAS, approval is requested for an appropriation in the amount of $420,800 for
increased personnel services ($373,200) and supplies and services costs ($47,600) in the Fire
Department. The increase in personnel services costs is due to injury leave and other personnel
issues resulting in the increased use of Constant Minimum Staffing overtime. Increased supplies
and services costs are due to higher than anticipated costs for replacing personal protective
equipment and unanticipated costs in fleet maintenance. These appropriations will be fully
offset by appropriating unanticipated American Medical Response (AMR) revenue and better
than expected fire inspection revenue resulting in no impact to the City's General Fund; and
WHEREAS, a transfer in the amount of $75,000 in the ARRA Fund is requested from the
other expenses expenditure category to the services supply category for the Cilantro Store
Program; and
WHEREAS, approval of a transfer of $185,000 in the ARRA Fund is requested from the
supplies and services expenditure category to the personnel services category in the Southern
Border Narcotics Grant Program; and
WHEREAS, approval of a transfer of $68,760 in the ARRA Fund is requested, $18,760
from the supplies and services and $50,000 from CIP project expenditures to the other expenses
category ($68,760) in the Energy Efficiency & Conservation Block Grant (EECBG) Program; and
WHEREAS, staff recommends an appropriation of $615,985 in Park Acquisition and
Development Fund's Transfers Out expense category from the available fund balance of that
fund to complete the separation of the Eastern PAD fund and the Western PAD fund. This
appropriation will allow for the transfer of the fund balance of the Western PAD fund, a Transfer
In of $615,985 will be also be added to the Western PAD fund; and
WHEREAS, a transfer of $70,000 in the State Library Act Fund from the Capital expenses
category to the Supplies and Services category is requested in order to align the budget with
actual expenditures; and
WHEREAS, a transfer of $464,000 in the Home Program Fund from the Capital expenses
category to the Non-CIP Capital expense category is requested in order to align the budget with
actual expenditures allowing for improved administration of HOME grant funds; and
WHEREAS, a budget appropriation of $50,000 to Parking Meter Fund other expenses is
requested to address overages in pass-through fees collected on Chula Vista parking citations
and remitted to the County of San Diego to be fully offset by over-realized parking citation
revenues.
3-19
Resolution No.
Page 3
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula Vista does
hereby approve the following appropriations and/or transfers:
.,
r.
General Fund:
Public WOrks $ - $ - $ - $ - $120,000 $ - $ - $ 120,000 $ 120,000 $ -
Recreation $ - $ 4,540 $ - $ - $ - $ - $ - $ 4,540 $ 4,540 $ -
FireDeperMent $ - $ - $ - $ - $133,333 $ - $ - $ 133,333 $ 133,333 $ -
Inler-Dept Transfers: $ -
MimalCareFaciliry $ 70,500 $ - $ - $ - $ - $ - $ - $ 74500 $ - $ 70,500
Non-Departmental $ - $ (70,500) $ - $ - $ - $ - $ (70,500) $ - $ 170,500)
Library(inira-dept Vans(er) $40,000 $ 45,000 $ - $ (85,000) $ - $ - $ - $ - $ - $ -
Fire Department $373,200 $ 47,fi00 $ - $ - $ - $ - $ - $ 420,800 $ 420,800 $ -
TotalGeneratFUntl $483,700 $ 2fi,640 $ - $ (85,000) $253,333 $ - $ - $ 678,673 $ 678,673 $ -
Other Funds:
ARRA-infra-tlept transfer:
Cilantro to Stores Program $ - $ 75,000 $175,000) $ - $ - $ - $ - $ - $ - $
SW 9ortler Narcotlcs Program $185,000 $1185,000) $ - $ - $ - $ - $ - $ - $ - $
Energy ERCiency Conservdtlan Prag. $ - $ (18,760) $ 68,760 $ - $ - $ (50,000) $ - $ - $ - $ -
HomeProgam $464,000 $(464,000) $ - $ -
ParkACqulsltlon&Oe~eiopment (PAD) $ - $ - $ - $ - $ - $ - $615,985 $ 615,985 $ - $(615,985)
Western PPD Fund $ - $ - $ - $ - $ - $ - $ - $ 615,985 $ 615,985
Parking Meter Fund $ - $ - $ 50,000 $ - $ - $ - $ - $ 50,000 $ 50,000 $ -
StateLibraryACtFund $ - $ 70,1700 $ - $ - $ - $ (70,000) $ - $ - $ - $ -
Total Other Funds $185,000 $ (58,760) $ 43,760 $ - $464,000 $(584,000) $615,985 $ 665,985 $ 665,985 $ -
Total Budget Amendments ~ ~. $666,700 $(32,1201$'43,760 $ -(85,000) $717,333 $(5&1,000) $615,985 $1,344,658 $1,344,658 $
Presented by
as to form by
Maria Kachadoorian (~ Glen'. Godgi
Director of Finance/Treasurer -City ttorney
3-20