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CC RES 1985-059RESOLUTION N0. 85 -59 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES APPROVING A BUDGET APPROPRIATION AND ADOPTING THE OPERATING BUDGET FOR FISCAL YEAR 1985 -87, THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES does hereby resolve as follows: Section 1: That an Appropriation - Expenditure Budgeting System is hereby adopted. The system consists of: A. Present Personnel Policies and Procedures, including salary schedules and benefits, except as hereinafter changed by resolution or ordinance of the City Council, B. An Appropriation- Expenditure System which will show budgetary categories by department. C. This system will appply to Operating Budget Expenditures as intended for use in 1985 -87, including any carry -over balances from fiscal year 1984 -85. D. The City Manager is authorized to transfer Operating Budget Appropriation Balances between functions and /or programs when he deems it necessary to do so. E. Budget system assumes existing service levels; Council approval will be required for any significant changes involving increased or decreased service levels. F. The Director of Finance 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. G. A monthly report shall be prepared for each department and /or program and /or project indicating any changes in service levels and the progress each entity has achieved or failed to achieve and the reasons for said status, if they have not obtained results. Each manager shall be accountable for achieving results of his /her organization unit based upon the objectives set for each unit by the City Manager and City Council and shall. be evaluated as to their performance in an annual performance appraisal conducted by the City Manager in February of each year. H. 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 1985 -87 biennial Fiscal Year, if total revenues, as estimated by the Finance Director, is insufficient, the amount of Total Operating Budget Appropriation shall be reduced, as determined by the City Manager based on his assessment of total City needs. 702CP /RES.1 Section 2: The 1985 -87 Operating Budget Programs are hereby adopted, establishing the following expenditure levels: 702CP /RES.2 -2- Resolution No. 85 -59 C -1 1985 -87 1985 -86 1986 -87 Approved Budget 1. City Council $ 20,000 $ 201000 $ 40,000 2. City Manager $ 162,225 1713250 333,475 3. City Attorney $ 105,000 115,000 2201000 4. Community Services $ 199,175 206,526 4053701 5* City Clerk $ 793388 613650 141, 038 6. Finance Department $ 349,370 362,950 712,320 7. Environmental Services: Planning Division $ 3063675 313,970 620,645 Bldg. Safety Division $ 329,160 344 , 710 67 3 , 870 8. Leisure Services: Recreation Programs $ 321,470 341,725 663,195 Recreation Classes $ 3651365 4043390 769,755 9. Public Works $2,397,675 21451,723 45849,398 10. Public Safety $1,358,400 1,4261400 21784,800 11. Non - Departmental $ 100,700 104,000 204,700 12. P. V. Transit $ 6831677 762,450 1,446,127 TOTAL OPERATING EXPENDITURES $6)778,280 $7)086,744 $133865)024 Section 3: Operating Budget Revenues are hereby adopted establishing a revenue base by which City expenditures will be judged. 1985 -87 1985 -86 1986 -87 Approved Budget 1. General Fund $4,829,030 5,1241030 91953,060 2. Gas Tax Funds $ 706,300 720,000 1,426,300 3. Traffic Safety Funds $ 134 , 800 138 , 800 2731600 4. Reimbursement Funds $ 21,570 20,440 42,010 5. Prop A Transit $ 702,600 7981200 13500,800 6. Transfer from Reserves $ 402,903 3211024 7233927 TOTAL OPERATING REVENUES $6,797,203 7,122,494 13,919,697 702CP /RES.2 -2- Resolution No. 85 -59 C -1 Section 4: The City Council does hereby establish dedicated reserves as listed below to identify surplus funds set aside for a particular purpose. Any expenditures related to these activities shall be charged against the appropriate dedicated reserve. 1. Litigation Reserves $ 125,000 2, Cable T.V. Reserves $ 27,900 Section 5: Attached Exhibit "A" reflects fund balances projected at 6/30/87. These projections are based upon estimated balances, revenues, and expenditures presented in various City documents. PASSED, APPROVED and ADOPTED this 17thday of September , 1985 �'ins. fancli ' Verdes ATTEST: 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. 85 -59 was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on the 17th day of September, 1985. City Clerk, ty of Rancho Palos Verdes 702CP /RES.3 -3- Resolution No. 85 -59 FUND BALANCE SUMMARY GENERAL FUND DESCRIPTION 85 -86 86 -87 Estimated Balance 6/30/85 $1,100,000 $ 652,412 Estimated Revenues 41829,030 5,124,030 Estimated Expenditures (4)3551118) (41586,014) Transfer out to Gas Tax Fund (8183615) (867)860) Transfer out to Traffic Safety (16.$210) -0- Loan to Redevelopment Agency (58)675) (250,000) Capital Projects (128,000) -0- Sidewalk Appropriation from C.H. Bldg. Fund (1001000) (100)000) Year End Balance $ 652,412 $ 172,568 GAS TAXES DESCRIPTION 85 -86 86 -87 Estimated Balance 6/30/85 $ 50,000 -0- Estimated Revenues 706,300 720,000 Estimated Expenditures (1)5743915) (11587,860) Transfer in from General Fund 818,615 867,860 Year End Balance -0- -0- TRAFFIC SAFETY DESCRIPTION 85 -86 86 -87 Estimated Balance 6/30/85 $ -0- -0- Estimated Revenues 1343800 138,800 Estimated Expenditures (151)010) (135,780) Transfer in from General Fund 16,210 -0- Year End Balance -0- 31020 702CP /FBS 1.1 Exhibit "A" -4- Resolution No. 85 -59 Estimated Balance 6/30/85 Estimated Revenues Estimated Expenditures Year End Balance PROP A (TRANSIT) 85 -86 $ 375,000 702 , 600 ( 683, 677 ) $ 393j923 86 -87 $ 393,923 7981200 (762,450) $ 429,673 702CP /FBS1.2 -5- Resolution No. 85 -59