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CC RES 2016-026 RESOLUTION NO. 2016-26 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 2016- 2017. WHEREAS, on June 21, 2016, the City Council conducted an advertised Public Hearing to receive public input regarding the draft budget for FY16-17; BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: Section 1: That a revenue and expenditure/expense budget is hereby adopted. The adopted budget, by fund, is per Exhibit A with a total Estimated Ending Fund Balance of$45,839.454 for all City funds as of June 30, 2017, exclusive of the City's Improvement Authority. A. The City Manager is authorized to transfer certain Budget Appropriation Balances within functions and/or programs when deemed necessary to do so in accordance with Chapter 3.32 of the Rancho Palos Verdes Municipal Code. B. City Council approval will be required for any significant changes involving increased or decreased service levels. C. 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 by the City Manager. Section 2: The FY16-17 Revenue Budget is hereby adopted, establishing the following revenue and internal service fund contribution levels: GENERAL $28,614,000 BEAUTIFICATION FUND 900 CIP 1,054,400 GAS TAX 842,600 1972 ACT 260,200 EL PRADO LIGHTING 2,300 1911 ACT 555,600 WASTE REDUCTION 208,100 AIR QUALITY MANAGEMENT 50,300 PROPOSITION C 649,100 PROPOSITION A 781,300 PUBLIC SAFETY GRANTS 100,200 MEASURER 489,600 HABITAT RESTORATION 4,900 SUBREGION 1 MAINTENANCE 2,700 MEASURE A 90,000 ABALONE COVE SEWER DISTRICT 55,400 GINSBURG CULTURAL ARTS BUILDING 300 DONOR RESTRICTED CONTRIBUTIONS 2,800 QUIMBY 5,900 LOW-MODERATE INCOME HOUSING 44,400 AFFORDABLE HOUSING IN LIEU 1,900 ENVIRONMENTAL EXCISE TAX 23,200 COMMUNITY DEVELOPMENT BLOCK GRANT 192,400 BICYCLE& PEDESTRIAN ACCESS 82,500 WATER QUALITY/FLOOD PROTECTION 8,000 TOTAL GOVERNMENTAL& ENTERPRISE FUND REVENUES $34,123,000 EQUIPMENT REPLACEMENT $ 132,000 TOTAL INTERNAL SERVICE FUND REVENUES $ 132,000 Section 3: The FY15-16 Budget is hereby adopted, establishing the following transfers into the following funds: GENERAL $ 190,000 CIP 5,200,000 ABALONE COVE SEWER DISTRICT 208,000 ............................................................................................. ........................................ ......... .......................... *TOTAL OPERATING TRANSFERS IN $ 5,598,000 *Does not include $38,000 transfer in for Improvement Authority-Abalone Cove Section 4: The FY15-16 Budget is hereby adopted, establishing the following transfers from the following funds: GENERAL $ 5,446,000 PUBLIC SAFETY GRANTS 100,000 MEASURE A 90,000 TOTAL OPERATING TRANSFERS OUT $ 5,636,000 Resolution No.2016-26 Page 2 of 4 Section 5: The FY15-16 Operating and Capital Improvement Budget Programs are hereby adopted, establishing the following allocations. City Council $ 126,500 City Manager 795,700 Legal Services 940,000 City Clerk 575,900 Community Outreach 81,500 RPV TV 228,400 Personnel 417,400 Finance 1,296,900 Information Technology- Data 1,133,500 Information Technology-Voice 105,000 Public Safety-Sheriff Services 5,369,200 Special Safety Programs 676,800 Animal Control 117,000 Emergency Preparedness 205,100 Public Works Administration 2,282,200 Traffic Management 298,000 Storm Water Quality 579,600 Public Building Maintenance 578,700 Parks Maintenance 869,600 Sewer Maintenance 69,000 Planning 1,545,600 Building&Safety Services 886,800 Code Enforcement 136,300 View Restoration/Preservation 347,200 N CC P 75,000 Geology 150,000 Recreation Administration 838,000 Other Recreation Facilities 214,000 Fred Hesse Jr. Park 186,900 Robert E. Ryan Park 110,600 Ladera Linda Community Center 90,600 Abalone Cove Shoreline Park 105,800 Special Events 216,700 Point Vicente Interpretive Center 375,700 REACH 41,300 Recreation Support Services 84,300 Non-departmental 837,100 SUBTOTAL GENERAL FUND EXPENDITURES $22,987,900 Resolution No.2016-26 Page 3 of 4 Street Maintenance - Pavement Management $ 245,000 Street Maintenance - Non-Pavement 1,380,500 Traffic signal maintenance 10,000 SUBTOTAL GAS TAX FUND EXPENDITURES $ 1,635,500 CIP $ 6,902,500 1972 ACT 241,500 EL PRADO LIGHTING 800 1911 ACT 487,000 WASTE REDUCTION 278,600 AIR QUALITY MANAGEMENT 50,000 PROPOSITION C 538,000 PROPOSITION A 638,300 HABITAT RESTORATION 166,500 SUBREGION 1 MAINTENANCE 44,800 ABALONE COVE SEWER DISTRICT 249,400 DONOR RESTRICTED CONTRIBUTIONS 460,000 COMMUNITY DEVELOPMENT BLOCK GRANT 192,400 QU I M BY 575,000 BICYCLE& PEDESTRIAN ACCESS 82,500 WATER QUALITY/FLOOD PROTECTION 2,343,800 SUBTOTAL OTHER FUNDS EXPENDITURES $13,251,100 EQUIPMENT REPLACEMENT $ 687,000 SUBTOTAL INTERNAL SERVICE FUNDS EXPENDITURES $ 687,000 PASSED, APPROVED and ADOPTED the 21St day of June 2016. ATTEST: :yor City Clerk State of California ) County of Los Angeles ) City of Rancho Palos Verdes ) I, Carla Morreale, City Clerk of the City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2016-26 was duly and regularly passed and adopted by the said City Council at regular meeting thereof held on June 21, 2016. City Clerk Resolution No.2016-26 Page 4 of 4 CITY OF RANCHO PALOS VERDES FY 16-17 FUND SUMMARY Fund Balance FY16-17 Estimated Resources1 FY16-17 Estimated Appropriations' Fund Balance Fund 6/30/2016 Revenues Transfers In Expenditures Transfers Out 6/30/2017 General Fund Balance I 12,224,036 12,594 136 Restricted Amount(Policy Reserve) (10,531,405) (11,443,950) GENERAL FUND Unrestricted Surplus 1,692,631 28,614,000 190,000 (22,987,900) (5,446,000) 1,150,186 Restricted by Council Action BEAUTIFICATION FUND 1,255 900 - - - 2.155 CIP 20,402,507 1,054,400 5,200,000 (6.902,500) - 19,754,407 EQUIPMENT REPLACEMENT 2,865,804 132,000 - (687,000) - 2,310,804 BUILDING REPLACEMENT - - - - - - EMPLOYEE BENEFITS - - - - - - Subtotal 23,269,566 1,187,300 5,200,000 (7,589,500) - 22,067,366 Restricted by Law or External Agencies STREET MAINTENANCE 952,336 842,600 - (1,635,500) - 159,436 1972 ACT 27,898 260,200 - (241,500) - 46,598 EL PRADO LIGHTING 24,010 2,300 - (800) - 25,510 CDBG - 192,400 - (192,400) - 0 1911 ACT 1,784,350 555,600 - (487,000) - 1,852,950 WASTE REDUCTION 436,067 208,100 - (278,600) - 365,567 AIR QUALITY MANAGEMENT 103,382 50,300 - (50.000) - 103,682 PROPOSITION C 304,998 649,100 - (538,000) - 416,098 PROPOSITION A 381,666 781,300 - (638,300) - 524,666 PUBLIC SAFETY GRANTS 27,202 100,200 - - (100,000) 27,402 MEASURER 1,631,622 489,600 - - - 2.121,222 HABITAT RESTORATIONI 1,444,712 4,900 - (166,500) - 1,283,112 SUBREGION 1 MAINTENANCE 798,296 2,700 - (44,800) - 756.196 MEASURE A - 90,000 - - (90,000) 0 ABALONE COVE SEWER DISTRICT 55,929 55,400 208,000 (249,400) - 69,929 GINSBURG CULTURAL ARTS BUILDING 102,329 300 - - - 102.629 DONOR RESTRICTED CONTRIBUTIONS 873,200 2,800 - (460,000) - 416,000 QUIMBY 2,431,981 5,900 - (575,000) - 1,862,881 LOW-MOD INCOME HOUSING 55,519 44,400 - - - 99,919 AFFORDABLE HOUSING IN LIEU 589,132 1,900 - - - 591,032 ENVIRONMENTAL EXCISE TAX 139,348 23,200 - - - 162,548 BIKEWAYS 97 82,500 - (82,500) - 97 WATER QUALITY/FLOOD PROTECTION 2,526,248 8,000 - (2,343.800) - 190,448 Subtotal 14,690,322 4,453,700 208,000 (7,984.100) (190.000), 11,177.922 Subtotal for City's Funds 50,183,924 34,255,000 5,598,000 (38,561,500) (5,636,000) 45,839,424 Improvement Authorities IMPROV AUTH-PORTUGUESE BEND 279,509 1,100 - (114,900) - 165,709 IMPROV AUTH-ABALONE COVE 1,034,006 3,400 38,000 (74,600) - 1,000,806 Subtotal 1.313,515 4.500 38,000 (189,500) - 1,166,515 GRAND TOTAL _ 51,497,439 34,259,500 5,636,000 I (38,751,000) (5,636,000) 47,005,939 I Resolution No.2016-26 Exhibit A Page 1 of 1