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Home My WebLink AboutAgenda Statement 1979/06/28 Item 05...._..... _. CITY OF CHULA VISTA COUNCIL AGENDA STATEMENT Item No: S. ~~ For meeting of 6/28/79 ITEM TITLE RESOLUTION 96fi Approving the Adoption of the Final Budget for the Fiscal Yea July 1, 1979 through June 30, 1980 SUBMITTED BY City Manager ITEM EXPLANATION (4/5TN'S VOTE REQUIRED YES NO X ) Submitted herewith is the final Budget for the Fiscal Year 1979-80. This resolution reflects all changes made by the City Council during the Budget Sessions and the public hearings held for the benefit of the public. Total appropriations, as contained in Exhibit "A", are $19,895,960. This amount reflects all salary and fringe benefit adjustments for all recognized bar- gaining units except the Chula Vista Firefighters Association. The attached Budget Summary includes the Operations Contingency Fund approved by the City Council on June 26, 1979 and the Schedule of Interfund Transfers. Included in the Interfund Transfers Schedule is a transfer from the Federal Revenue Sharing Fund to the General Fund in the amount of $1,000,000 to help finance the salary and wage agreements approved by the City Council. GKG:jss rv~~ rr~: tXh1tS1~J Agreement Resolution X Ordinance Plat Notification List Other ENVIRONMENTAL DOCUMENT: Attached Submitted on FINANCIAL IMPACT STAFF RECOMMENDATION Adopt Resolution. BOARD/COMMISSION RECOMMENDATION COUNC I L ACT ION / Q~~ Qiir~ijLa~,,. l0 'dt~' 7~ ~, ~~n'~ ~~ r ~~)~' - ~~~ ~~t-~ ,~a ~b T -~ , °~ CITY OF CHULA VISTA PRELIMINARY BUDGET SUMMARY 1979-80 Fund General Fund Operations Contingency Fund Traffic Signal Fund Golf Course Revenue Fund Sewer Service Fund Parking Meter Fund Transit Service Fund Elderly and Handicapped Transit Redevelopment-Town Centre Redevelopment-Bayfront Redevelopment-Town Centre II Bond Interest & Redemption Open Space Districts 4lorker's Compensation Trust Public Liability Trust Unemployment Insurance Trust Traffic Safety Fund Cash Basis Fund Community Development Block Estimated Estimated Estimated Estimated Es'~imated Balance Property Other Total Interfund Total Operating Capital Balance 7/1/79 Tax Income Income Transfers Resources Budget Budget 6/30 80 - 1,165,000 9,488,295 11,253,295 3,053,560 (1) 14,306,855 13,298,860 - 1,007,995 3,498,000 - - - (3,49£,000)(2) - - - - 75,000 - 65,000 65,000 (56,000)(3) 84,000 - - 84,000 (31,300) - 304,000 304,000 (87,680)(4) 185,020 287,160 - (102,140) 297,800 - 1,020,000 1,020,000 (236,750)(5) 1,081,050 771,190 - 309>860 79,000 - 75,310 75,310 (5,000)(6) 149,310 70>400 - 78,910 109,400 - 1,124,000 1,124,000 28,000 (7) 1,261,400 1,324,720 - (63,320) 253,820 253,820 - 253,820 253,820 (49,700) - 60,000 60,000 - 10,300 93,480 - (83,180) - - 43,000 43,000 - 43>000 47,490 - (4,490) (25,860) - - - 12>110 (8) (13,750) 12,110 - (25>860) 157,000 99,200 88,215 187,415 4~~,680 (9) 394,095 250,510 - 143,535 47,650 - 92,923 92,923 - 140,573 108,000 32,573 356,000 - 26,000 26,000 130,000(10) 512,000 - 512,000 267,000 - 30,000 30,000 190,000(11) 487,000 - ~ 487,000 39,000 - - - 5,080(12) 47,080 - - 47,080 - - 211,000 217,000 (21,000)(13) - - - - 243,105 - - - - 243,105 - - 243,165 Grant - - 1,059,000 1,059,000 - 1,059,000 564,000 495,000 - Special Gas Tax fund - - 852,060 852,060 520,000 (14) 1,372,060 295,500 1,031,100 45,460 Sewer Income Fund 490 - 57,000 57,000 152,000 (15) 209,490 - - 209,490 Park Land Acquisition & Development Fund 400 - 77,500 77,500 219,600 (16) 297,500 - - 297,500 Federal Revenue Sharing 958,400 - 1•,004,729 1,004,729 (1,493,000)(17) 470,129 - - 470,129 Capital Improvement Fund 25,000 - 15,000 15,000 98,',400 (18) 1,022,400 - 982>400 40,000 Residential Construction Tax Fund 100 - 328,750 328,750 11n,000 (19) 438,850 - - 438,850 Special Capital Outlay Fund 300 - 8 000 8,000 1311,000 (20) 146,300 - - 146,300 Combined Fund Totals 6,046,785 1,864,200 16,289,602 18,153,802 - 24,260,587 17,377,240 2,568>5G0 4,314,847 Interfund Eliminations* - - (493,040) (493,040) - (493,040) (144,000)_ _(349_,0 - Net City Totals 6,046,785 1,864 ,200 15,79662 171_660,762 - 23,707,547 17,233,240_ 2,15960_ _ 4,3141 847 Central Garage Fund** _(70,000) - - 5201454 - _ 450,454 512,600 _ _ - __(62,146) * Interfund eliminations are utilized to adjust for income and expense recorded in more t!~an one (1 ) fund. ** The Central Garage Fund is a revolving fund and is shown above for information purposes only. 9~~y ~ r z ~ SCHEDULE OF INTERFUND TRAP~SFERS ~ 1979-80 TO AMOUNT FROM (1) $ 217,000 Traffic Safety Fund 236,750 Sewer Service Fund _ 2,000,000 Operations Contingency Fund 1,000,000 Federal Revenue Sharing Fund General Fund $3,453,750 Transit Service Fund $ (60,000) Worker's Compensation Fund (130,000) Public Liability Fund (190,000) Unemployment Fund ( 8,080) Town Centre II Fund ____512,110) $ (400,190) General Fund Net Total General Fund $3,053,560 (2) General Fund $(2,000,000) Park Lard Acquisition And Development Fund (426,000) Residential Construction Tax Fund (262,000) Sewer Income Fund (152,000) Special Capital Outlay Fund (138,000) Special Gas Tax Fund (520,000) $(3,498,000) Operations Conti~igency Fund (3) Capital Improvement Program Fund $ (56,000) Traffic Signal Fend ~ 7 • PURPOSE General Fund Support General Fund Support Operating Capital Fire Department Employee Salaries 7/1/19 until Expended Subsidy Reserve Requirement Reserve Requirement Reserve Requirement Loan Operating Capital Operating Capital Operating C«pital Operating Capital Operating Capital Operating Capital Capital Project ~ ~ r i ~ SCHEDULE OF INTERF UND TRANSFERS Continued) ~ TO AMOUNT FROM (4) Golf Course Revenue Fund $ 34,000 Park Land Acquisition Fund Bond Interest and Redemption Fund $ (49,680) Capital Improvement Program Fund 72 000) $ (121,680) Golf Course Revenue Fund Net Total Golf Course Revenue Fund $ (87,680) (5) General Fund $ (236,750) Sewer Service Fund (6) Capital Improvement Program Fund $ (5,000) Parking Meter Fund (7) Capital Improvement Program Fund $ (32,000) Transit Service f~"und Transit Service Fund 60,000 General Fund Net Total Transit Service Fund $ 28,000 (8) Town Centre II Fund $ 12,110 General Fund (9) Bond Interest and Redemption Fund $ 49,680 Golf Course Revenue Fund (10) Worker's Compensation Fund $ 130,000 General Fund (11) Public Liability Trust Fund $ 190,000 General Fund (12) Unemployment Insurance Trust Fund $ 8,080 General Fund 7 ~ ~ PURPOSE Loan $10,000 for Project GC-02; $24,000 for Project GC-03 Debt Service General Fund Support Capital Project Capital Project Subsidy Loan Debt Service P,eserve Requirement Reserve Requirement Reserve Requirement ~ ~ 7 T' i ~ ~ 4 T 7 SCH EDULE OF INTERF UND TRANSFERS (Continued) ~ TO AMOUNT FROM PURPOSE (13) General Fund $ (217,000) Traffic Safety Fund General Fund Support '' (14) Special Gas Tax Fund $ 520,000 Operations Contingency Fund Operating Capital (15) Sewer Income Fund $ 152,000 Operations Contingency Fund Operating Capital (16) Park Land Acquisition and Development Fund $ 426,000 Operations Contingency Fund Operating Capital Capital Improvement Program Fund $ (172,400) Capital Projects Golf Course Revenue Fund _34,000) Loan: $10,000 for Project GC-02; $24,000 for Project $ (206,400) Park Land Acquisition and GC-03, Development Fund Net Total Park Land Acquisition and Development Fund 219,600 (17) General Fund $(1,000,000) Fire Department Employee Salaries 7/1/79 until Capital Improvement Program Expended Fund (493,000) Capital Projects $(1,493,000) Federal Revenue Sharing (18) 72,000 Golf Course Revenue Fund Capital Projects 5,000 Parking Meter Fund Capital Projects 32,000 Transit Service Fund Capital Projects 56,000 Traffic Signal Fund Capital Projects 172,400 Park Land Acquisition and Development Fund Capital Projects 493,000 Federal Revenue Sharing Capital Projects 152,000 Residential Construction Tax Capital improvement Program Fund Capital Projects Fund $ 982,400 r ~ ~ s ~ ~ a SCHEDULE OF INTERFUND TRANSFERS (Continued) ~ TO AMOUNT (19) Residential Construction Tax Fund $ 262,000 Capital Improvement Program Fund 152 000) Net Total Residential Construction Tax Fund $ 110,000 (20) Special Capital Outlay Fund $ 138,000 FROM PURPOSE Operations Contingency Fund Operating Capital Residential Construction Tax Fund Capital Projects Operations Contingency Fund Operating Capital ,~