Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
CC RES 2002-045
RESOLUTION NO. 2002-45 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES APPROVING A BUDGET APPROPRIATION AND ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR FISCAL YEAR 2002-2003. WHEREAS, on April 30, 2002, the City Council conducted a public workshop to review the proposed budget for fiscal year 2002-2003; and WHEREAS, on June 12, 2002, the City Council conducted an advertised Public Hearing to receive public input regarding the proposed budget for fiscal year 2002-2003; BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: Section 1: That an Appropriation-Expenditure Budgeting Program showing budgetary categories by department is hereby adopted. By fund the adopted budget is per the attached Exhibit A with a total Estimated Beginning Unreserved Fund Balance of $16,660,998 and a total Estimated Ending Unreserved Fund Balance of$16,311,525. A. The City Manager is authorized to transfer certain Budget Appropriation Balances within functions and/or programs when he deems it necessary to do so in accordance with Chapter 3.32 of the Rancho Palos Verdes Municipal Code. B. Council approval will be required for any significant changes involving increased or decreased service levels. C. The Finance Director shall be responsible for constant monitoring of the budget and shall establish and implement appropriate control mechanisms necessary for said purpose, after approval of the City Manager. D. Deflator - A deflator procedure, to be administered by the City Manager, is hereby established for reducing appropriations in the event that projected revenues are reduced due to a reduction in the State subventions or other revenues that may fluctuate downward due to changes in economic conditions. For Fiscal Year 2002-2003, if total revenues, as estimated by the Finance Director, are insufficient, the amount of total Operating and Capital Budget Appropriation shall be reduced, as determined by the City Manager based on his assessment of total City needs. The City Council will be notified of any action regarding the Deflator within 15 days. Section 2: The 2002-2003 Revenue Budget is hereby adopted, establishing the following revenue and internal service fund contribution levels: General Fund $12,903,740 Street Maintenance (Gas Tax) Fund 897,100 Landscape/Street Lighting (1972 Act) Fund 331,420 Street Lighting (1911 Act) Fund 322,500 El Prado Lighting District Fund 1,390 Community Development Block Grant Fund 260,000 Recycling Fund 264,500 Solid Waste Fund 111,100 Air Quality Management Fund 49,600 Street Improvement/Transit (Proposition C) Fund 491,000 Transit (Proposition A) Fund 593,300 LLESS/COPS Fund 123,300 Habitat Restoration Fund 4,600 Subregion One Maintenance Fund 24,200 Parks/Building Maintenance (Measure A) Fund 65,000 Abalone Cove Sewer District Fund 20,250 Capital Improvement Projects Fund 12,600 Park Development (Quimby) Fund 29,900 Affordable Housing Set-Aside Fund 52,300 Development Impact Mitigation (EET) Fund 95,100 p p Bikeways Fund 16,000 Roadway Beautification Fund 6,000 Utility Undergrounding Under roundin Fund 6,000 Operating & Capital Fund Total $ 16,680,900 Internal Service Funds Contributions & Revenue: Equipment Replacement Fund $ 564,220 Buildin g Replacement lacement Fund 40,000 Employee Benefits Fund 610,270 Internal Service Fund Total $ 1,214,490 Section 3: The 2002-2003 Budget is hereby adopted, establishing the following transfers into the following funds: General Fund $ 101,510 Street Maintenance (Gas Tax) Fund 1,234,710 COPS/LLESS/CLEEP Fund 5,000 Abalone Cove Sewer District Fund 35,000 Capital Improvement Projects Fund 1,450,140 Roadway Beautification Fund 100,000 Resolution No. 2002-45 Page 2 of 6 5 Equipment Replacement Fund 387100 Building Replacement Fund 1007000 Improvement Authority Funds 95,000 Total Transfers In $ 311597460 Section 4: The 2002 -2003 Budget is hereby adopted, establishing the following transfers from the following funds: General Fund $ 275307835 Landscape /Street Lighting (1972 Act) Fund 270,000 Community Development Block Grant Fund 407000 Recycling Fund 112,000 Street Improvement/Transit (Proposition C) Fund 1317115 Measure A Maintenance Fund 597510 Bikeways /Pedestrian Fund 16,000 Total Transfers Out $ 31159,460 Section 5: The 2002 -2003 Operating and Capital Improvement Budget Programs are hereby adopted, establishing the following allocations and directing the City Manager to amend the preliminary budget to reflect said amounts: City Council $ 967794 City Attorney 170007000 City Manager 3907620 Administrative Services /City Clerk 5407919 Community Outreach 1831680 Personnel 70,360 Finance 7717080 Information Technology 2867967 Public Safety - Sheriff 21760,202 Public Safety - Neighborhood Watch 41360 Public Safety - Special Programs 85,286 Public Safety - Animal Services 1521100 Public Safety - Emergency Preparedness 133,280 Public Works - Administration 761,890 Public Works - Public Building Maintenance 3251570 Public Works - Park/Trail Maintenance 5721570 Planning and Code Enforcement 171627920 Building and Safety 6997100 Resolution No. 2002 -45 Page 3of6 Code Enforcement View Restoration Recreation - Administration Recreation - Open Recreation Recreation - Abalone Cove Shoreline Park Recreation - Special Events Recreation - Facility Use Recreation - Point Vicente Interpretive Center Recreation - REACH Subtotal General Fund Street Maintenance Street Landscape Maintenance Traffic Signal Maintenance Portuguese Bend Road Maintenance 1321730 2897930 390,130 1301000 381370 18,950 837790 101,160 75,830 $ 11, 258, 588 $ 11505,410 342,480 789570 116,850 Subtotal Street Maintenance (Gas Tax) Fund $ 21043,310 Landscape /Street Lighting (1972 Act) Fund Street Lighting (1911 Act) Fund El Prado Lighting District Fund Community Development Block Grant Fund Recycling Fund Solid Waste (AB939) Fund Air Quality Management Fund Street Improvement/Transit (Proposition C) Fund Transit (Proposition A) Fund LLESS /COPS Fund Habitat Restoration Fund Subregion One Maintenance Fund Parks /Building Maintenance (Measure A) Fund Capital Improvement Projects Fund Park Development (Quimby) Fund Roadway Beautification Fund Utility Undergrounding Fund Subtotal Allocations Internal Service Funds: Equipment Replacement Fund Building Replacement Fund Employee Benefits Fund $ 60,885 350,200 900 2201000 1431640 107,440 43,960 31370 4981843 284,465 71500 39,500 50,000 1,440,140 561000 1007000 20, 000 $ 3,426, 843 $741,472 707000 609,650 Subtotal Internal Service Allocations $ 114211122 Resolution No. 2002 -45 Page 4 of 6 Subtotal Internal Service Allocations $ 1,421,122 Total Allocations $ 18,149,863 PASSED, APPROVED and ADOPTED the 12th day of June 2002. A .TEST: MA •a' )c CITY CLERK S ate of California ) County of Los Angeles )ss City of Rancho Palos Verdes ) I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2002-45 was duly and regularly passed and adopted by the said City Council at regular meeting thereof held on June 12, 2002. hD /4 `f CITY CLERK f Resolution No. 2002-45 Page 5 of 6 CITY OF RANCHO PALOS VERDES SUMMARY-2002 FIVE-YEAR FINANCIAL MODEL Exhibit A Fund Balance Budgeted Resources Budgeted Appropriations Fund Bal Fund Bal Fund Bal Fund Bal Fund Bal Fund 6/30/2002 Revenues Transfers In Expenditures Transfers Out 6/30/2003 6/30/2004 6/30/2005 6/30/2006 6/30/2007 Unrestricted GENERAL 7,588,850 12,903,740 101,510 (11,258,588) (2,530,835) 6,804,677 7,100,602 7,459,505 7,958,239 8,649,218 Restricted by Council Action CIP 72,352 12,600 1,450,140 (1,440,140) - 94,952 100,000 104,000 108,680 113,571 UTILITY UNDERGROUNDING 210,600 6,000 - (20,000) - 196,600 183,131 170,056 157,259 143,885 ROADWAY BEAUTIFICATION 206,000 6,000 100,000 (100,000) - 212,000 219,420 228,197 238,466 249,197 EQUIP REPLACEMENT 1,814,420 564,220 38,100 (741,472) - 1,675,268 1,735,169 1,845,376 1,969,318 2,098,837 BLDG REPLACEMENT 1,413,052 40,000 100,000 (70,000) - 1,483,052 1,617,376 1,758,571 1,911,327 2,062,777 EMPLOYEE BENEFITS 11,666 610,270 - (609,650) - 12,286 12,716 13,225 13,820 14,442 Subtotal 3,728,090 1,239,090 1,688,240 (2,981,262) - 3,674,158 3,867,812 4,119,425 4,398,869 4,682,708 Restricted by Law or External Agencies GAS TAX 3,347 897,100 1,234,710 (2,043,310) - 91,847 14,380 1,384 5,101 3,950 1972 ACT 221,155 331,420 - (60,885) (270,000) 221,690 193,531 176,487 171,341 178,131 EL PRADO LIGHTING 8,750 1,390 - (900) - 9,240 9,665 10,154 10,713 11,297 CDBG - 260,000 - (220,000) (40,000) - 0 0 0 0 1911 ACT 925,892 322,500 - (350,200) - 898,192 871,224 845,179 819,715 790,549 RECYLCING FUND 583,087 264,500 - (143,640) (112,000) 591,947 601,880 615,755 633,750 652,964 SOLID WASTE 760,530 111,100 - (107,440) - 764,190 769,773 776,696 784,755 790,212 AIR QUALITY MGT 33,397 49,600 - (43,960) - 39,037 44,168 49,301 54,485 59,390 PROPOSITION C 6,619 491,000 - (3,370) (131,115) 363,134 105,026 491,115 254,594 14,363 PROPOSITION A 297,681 593,300 - (498,843) - 392,138 488,586 587,485 689,587 76,545 LLESS/COPS/CLEEP 157,671 123,300 5,000 (284,465) - 1,506 94 5,075 6,579 4,248 HABITAT RESTORATION 163,350 4,600 - (7,500) - 160,450 166,066 172,708 180,480 188,602 SUBREGION ONE MAINT 825,622 24,200 - (39,500) - 810,322 797,271 786,424 777,641 767,134 MEASURE A 235,529 65,000 - - (59,510) 241,019 173,142 185,168 198,613 171,763 AB COVE SEWER DIST 30,250 20,250 35,000 (50,000) - 35,500 41,830 48,603 55,903 63,531 QUIMBY 108,978 29,900 - (56,000) - 82,878 54,541 23,471 17,677 11,315 Pd AFFORD HOUSING IN LIEU 981,838 52,300 - - - 1,034,138 52,833 54,946 57,419 60,003 En ENVIRON EXCISE TAX 355 95,100 - - - 95,455 124,233 73,103 20,155 5,724 t�-, BIKEWAYS 8 16,000 - - (16,000) 8 8 8 8 8 rt HOUSING SET ASIDE 578,213 133,000 - (50,000) - 661,213 751,714 850,531 958,948 1,073,471 H. 0 • DEBT SERVICE 362,985 1,142,650 - (1,065,300) - 440,335 514,406 594,805 677,553 770,364 ,.b RDA-PORT BEND 1,042,989 15,500 - (160,010) - 898,479 760,614 614,476 458,078 287,381 aq . RDA-AB COVE - - - - - - 0 0 0 0 tv IMPROV AUTH-PORT BEND 128,001 6,000 95,000 (99,100) - 129,901 127,223 121,908 113,693 101,733 ch © IMPROV AUTH-AB COVE 434,353 41,000 - (103,700) - 371,653 309,974 248,031 184,969 114,264 • N Subtotal 7,890,600 5,090,710 1,369,710 (5,388,123) (628,625) 8,334,272 6,972,182 7,332,812 7,131,754 6,196,941 ch Lr, GRAND TOTAL 19,207,539 19,233,540 3,159,460 (19,627,973) (3,159,460) 18,813,106 17,940,596 18,911,742 19,488,862 19,528,867 6/24/20027:47 AM