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CC RES 1997-055 RESOLUTION NO. 97-55 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 1997-98. WHEREAS, the City Council has conducted four public workshops to review the proposed budget for fiscal year 1997-98; and WHEREAS, the City Council has conducted an advertised Public Hearing to receive public input regarding the proposed budget for fiscal year 1997-98; 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 total Beginning Unreserved Fund Balance of$13,216,620 and a total Estimated Ending Unreserved Fund Balance of$10,768,703. A. The City Manager is authorized to transfer certain Budget Appropriation Balances between 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 1997-98 Fiscal Year, 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 1997-98 Revenue Budget is hereby adopted, establishing the following revenue and internal service fund contribution levels: General Fund $ 916671150 Street Maintenance (Gas Tax) Fund 8167000 Landscape/Street Lighting (1972 Act) Fund 3681000 Street Lighting (1911 Act) Fund 2831700 EI Prado Lighting District Fund 11000 Community Development Block Grant Fund 110381825 Recycling Fund 657000 Solid Waste (AB939) Fund 1087000 Air Quality Management Fund 601500 Street Improvement/Transit (Proposition C) Fund 3687000 Transit (Proposition A) Fund 4271000 COPS/LLESE Fund 1071000 Capital Improvement Projects Fund 117601900 Park Development (Quimby) Fund 131000 Development Impact Mitigation (Envir. Excise Tax) Fund 297000 County (Measure "A") Park Improvement Fund 310001000 Bikeway/Pedestrian Improvement Fund 16,500 Operating & Capital Fund Total $ 1811291575 Internal Service Funds Contributions & Revenue: Equipment Replacement Fund 4911660 Employee Benefits Fund 451,070 Internal Service Fund Total $ 9421730 SECTION 3: The 1997-98 Budget is hereby adopted, establishing the following transfers into the following funds: General Fund $ 1091788 Street Maintenance (Gas Tax) Fund 7901450 Capital Improvement Projects Fund 6,033,500 Total Transfers In $ 619331738 SECTION 4: The 1997-98 Budget is hereby adopted, establishing the following transfers from the following funds: General Fund $ 217201000 Landscape/Street Lighting (1972 Act) Fund 3751450 Community Development Block Grant Fund 591788 Recycling Fund 1151000 Street Imrpovement/Transit (Proposition C) Fund 8281500 Air Quality Management Fund 501000 County (Measure "A") Park Improvement Fund 310001000 Bikeway/Pedestrian Imrpovement Fund 35,000 Total Transfers Out $ 711831738 -2- RESOL. NO. 97-55 SECTION 5: The 1997-98 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 $ 491190 City Manager 2851700 City Attorney 4031000 City Clerk/Administrative Services 3697990 Community Outreach 981080 Finance 4811390 Personnel 801870 Public Safety - Sheriff 214007000 Public Safety - Neighborhood Watch 51900 Public Safety - Special Programs 761315 Public Safety -Animal Services 1281200 Public Safety - Emergency Preparedness 391130 Public Works -Administration 5861510 Public Works - Public Building Maintenance 2671400 Public Works - Park/Trail Maintenance 4041980 Planning and Code Enforcement 112361660 Building and Safety 4291720 Recreation -Administration 2061820 Recreation - Open Recreation 1051440 Recreation -Abalone Cove Shoreline Park 321190 Recreation - Special Events 87500 Recreation - Facility Use 661570 Recreation - Point Vicente Interpretive Center 2477600 Recreation - REACH 62,340 Subtotal General Fund $ 810721495 Street Maintenance 113781980 Street Landscape Maintenance 2477470 Traffic Signal Maintenance 721980 Portuguese Bend Road Maintenance 93,150 Subtotal Street Maintenance (Gas Tax) Fund $ 117921580 Landscape/Street Lighting (1972 Act) Fund 521740 Street Lighting (1911 Act) Fund 2981250 EI Prado Lighting District Fund 11000 Community Development Block Grant Fund 9791037 Recycling Fund 1061010 -3- RESOL. NO. 97-55 Solid Waste (AB939) Fund 1111810 Air Quality Management Fund 887810 Street Improvement/Transit (Proposition C) Fund 21380 Transit (Proposition A) Fund 3631380 COPS/LLESE Fund 517600 Capital Improvement Projects Fund 813251900 Park Development (Quimby) Fund 81,500 Subtotal Allocations $ 2073271492 Internal Service Funds: Equipment Replacement Fund 4591920 Employee Benefits Fund 521,420 Subtotal Internal Service Allocatons $ 9811340 Total Allocations $ 2113087832 PASSED, APPROVED, AND ADOPTED THE 17TH DAY F JUNE, 1997. MAYGK ATTEST: CITY CLERK State 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. 97-55 was duly and regularly passe and adopted by the said City Council at regular meeting thereof held n June 17,1997. 7r A/ ,o CITY CLERK CITY F RANCHO PALOS VERDES -4- RESOL. NO. 97-55 CITY OF RANCHO PALOS VERDES SUMMARY OF FUND BALANCE STATUS FISCAL YEAR 1997-98 ESTIMATED RESOURCES- TOTAL BUDGETED APPROPRIATIONS: TOTAL ESTIMATED FUND 1997/98 RESOURCES 1997/98 APPROPRIATIONS FUND BALANCE 1997/98 TRANSFERS ESTIMATED TRANSFERS 1997/98 BUDGETED FOR BALANCE FUND 6/30/97 REVENUE IN FOR 1997198 OUT EXPENDITURES 1997198 6/30/98 001 GENERAL FUND 2,740,370 9,667,150 109,788 1295179308 2,720,000 8,072,495 10,792,495 1,724,813 102 STREET MAINTENANCE(Gas Tax)FUND 199,187 816,000 790,450 198059637 0 1,792,580 197929580 13,057 103 LANDSCAPE/STREET LIGHTING(1972 Act)FUND 339,897 368,000 0 7079897 375,450 52,740 4289190 279,707 111 STREET LIGHTING(1911 Act)FUND 702,400 283,700 0 986,100 0 298,250 298,250 687,850 109 EL PRADO LIGHTING DISTRICT FUND 2,770 1,000 0 3,770 0 1,000 1,000 29770 110 COMMUNITY DEVELOPMENT BLOCK GRANT FUND 0 1,038,825 0 190389825 59,788 979,037 190389825 0 112 RECYCLING FUND 319,220 65,000 0 384,220 115,000 106,010 221,010 163,210 X 113 SOLID WASTE(AB939)FUND 489,215 108,000 0 5979215 0 111,810 111,810 485,405 114 AIR QUALITY MANAGEMENT FUND 108,574 60,500 0 1699074 50,000 88,810 138,810 30,264 115 STREET IMPROVEMENT/TRANSIT(Proposition C)FUND 699,897 368,000 0 1,0679897 828,500 2,380 8309880 2379017 928 116 TRANSIT(Proposition A)FUND 525,308 427,000 0 952,308 0 363,380 3639380 588,928 117 COPS/LLESS FUND 95,900 107,000 0 2029900 0 519600 61,600 151,300 330 CAPITAL IMPROVEMENT PROGRAM FUND 6,392,735 1,760,900 6,033,500 14,1879135 0 893259900 893259900 5,861,235 334 PARK DEVELOPMENT(Quimby)FUND 370,949 13,000 0 3839949 0 81,500 819500 302,449 338 DEVELOPMENT IMPACT MITIGATION(EET)FUND 211,229 29,000 0 2409229 0 0 0 240,229 339 PARKS(Measure A) FUND 0 3,000,000 0 390009000 3,000,000 0 39x,000 0 340 BIKEWAY/PEDESTRIAN IMPROVEMENT FUND 18,969 16,500 0 359469 35,000 0 359000 469 .# 7 r:�c ........:.... :... ? .9�. . :. .t .t. TRANSFERS TO REDEVELOPMENT AGENCY FROM GENERAL FUND 200,000 TRANSFERS TO MAINTENANCE AUTHORITY FROM GENERAL FUND 50,000 .: :. ::7 ::1: ` '7 t. �:.. �.