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CC RES 1986-052RESOLUTION N0. 86 -52 A RESOLUTION OF THE CITY COUNCIL OF 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 schedu- les and benefits, except as hereinafter changed by resolution or ordinance of the City Council. B. An Appropriation- Expenditure System which will show budgetary cate- gories by department /program. Co Operating Budget Expenditures, as intended for use in 1985 -87, including any carry -over balances from fiscal year 1985 -86. D. Operating Budget Appropriation Balance transfers between functions and /or programs by the City Manager when he deems it necessary to do so. E. Existing service levels; Council approval will be required for any significant changes involving increased or decreased service levels. F. Constant monitoring of the budget by the Director of Finance who shall establish and implement appropriate control mechanisms necessary for said purpose, with approval of the City Manager. G. A monthly report prepared for each department and /or program and /or project indicating any changes in services levels and the progress each en- tity has achieved or failed to achieve and the reasons for said status, if they have not obtained results. Each Director 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 evalu- ated as to their performance in an annual performance appraisal conducted by the City Manager in February of each year, H. A deflator procedure, to be administered by the City Manager, for reducing appropriations in the event that projected revenues are lower due to a reduction in the State subventions or other revenues that may fluctu- ate downward due to changes in economic conditions. For 1985 -87 biennial Fiscal Year, if total revenues, are insufficient, the amount of the Total Operating Budget Appropriation shall be reduced, by the City Manager based on his assessment of total City needs. 7,02CP /RES4.1 Section 2: The 1985 -87 Operating Budget Programs are hereby adopted, as amended, tablishing the following expenditure levels: 1985 -86 1986 -87 1985 -87 11 City Council $ 203000 $ 21,500 $ 413500 2, City Manager 162J125 206 , 803 368,928 3* City Attorney 105,000 145 , 000 2503000 4* Community Services 199,923 2061730 406 , 653 5, City Clerk 79,388 643505 1431893 6, Finance Department 349,370 362,9950 7121320 7, Environmental Services: 702CP /RES4.3 -2- Planning $ 316 , 843 $ 361 ,189 $ 678 , 032 Building /Safety 3293160 3553180 684 , 340 8. Leisure Services Recreation Programs $ 341,228 $ 3713404 $ 712, 632 User Fee Programs 365,671 4153141 7803812 90 Public Works 21397,675 21794,723 53192,398 10. Public Safety 1,358,400 1,5963054 22954,454 11, Non - Departmental 101,700 107,500 209,200 12. P.V. Transit 6839677 839,350 1,523,027 130 Equip. Replacement/ Operation & Mainte- $ 24,000 $ 55,000 $ 79,000 nance Total Operating - Expenditures $6.%834)160 $7 , 903 , 029 $14)7373189 Section 3: Operating Budget Revenues are hereby adopted establishing a revenue base by which City expenditures will be judged. 1986 -87 1985 -87 $6,838,825 $11)6671355 1985 -86 I* General Fund $4)828,530 2, Gas Tax Funds 639,800 3. Traffic Safety Funds 134,800 4. Reimbursement Funds 21,570 5, Prop. A Transit 6531600 6. Prop. 43 Park Bond Funds -0- 7 . General Revenue Sharing 1653551 8. Transfer from Reserves 402,903 TOTAL REVENUES $6.18463754 702CP /RES4.3 -2- 1986 -87 1985 -87 $6,838,825 $11)6671355 7201300 1,291,100 1281800 263.1600 27 ,460 493030 8321379 114851979 1123000 112,000 38,000 203,551 110741530 1,477,433 $9,7723294 $161550,048 Resoluti n No. 86 -52 Section 4: The City Council does hereby establish dedicated reserves as listed below to identify surplus funds set aside for a particular pur- pose. Any expenditures related to these activities shall be charged against the appropriate dedicated reserve. 1. Litigation Reserves $125)000 2. Cable T.V. Reserves $ 531000 Section 5: The City Council hereby establishes an unappropriated con- tingency reserve as listed below which shall only be available for econmic uncertainces and /or emergencies: $300,000 Section 6: Attached Exhibit "A" reflects fund balances projected at June 30, 1987. These projections are based upon estimated balances, reve- nues, and expenditures presented in various City documents. PASSED, APPROVED and ADOPTED on August 5, 1986. AYES: HUGHES, McTAGGART , BACHARACH AND MAYOR HINCHLIFFE ABSTAIN: NONE NOES: RYAN MAYOR ATTEST: CITY CLERK S to 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. 86 -52 was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on August 5, 1986. City Cle City of fahcho Palos Verdes 702CP /RES4.2 -3- Resolution No. 86 -52 FUND BALANCE SUMMARY IV- GENERAL FUND DESCRIPTION 85 -86 Estimated Balance 6/30/86 $121002000 Estimated Revenues 5,296,456 Estimated Expenditures (494579251) Transfer out to Gas Tax Fund (2479084) Transfer out to Traffic Safety (35 121) Loan to Redevelopment Agency (85,000) Designated for Economic Uncertainties Capital Projects 128,000 Tree Removal Appropriation from C.H. Bldg. Fund (100)000) Year End Balance $19600,000 GAS TAXES DESCRIPTION 85 -86 Estimated Balance 6/30/86 $ 502000 Estimated Revenues 7069300 Estimated Expenditures (195609685) Capital Projects (new non carry -over) (14,230) Transfer in from General Fund 8189615 Year End Balance _0.- TRAFFIC SAFETY DESCRIPTION 85_86 Estimated Balance 6/30/86 S -0- Estimated Revenues 1341800 Estimated Expendiutres (1511010) Transfer in from General Fund 16 210 Year End Balance Exhibit v'A" #701K -A15 -4- 86 -8' $1,600,000 5,628,825 (51142)849) (190201050) (54)4S0) -0- (300,000) -0- (100,0010) $ 611,446 86 -87 $ .0- 720,000 (197409050) -0- 190201050 mom 86 -87 $ .0- 128,800 (183,280)