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RPVCCA_CC_SR_2013_02_05_F_Median_Maintenance_Budget_Adjustment_FY12-13CrrvOF MEMORANDUM TO: FROM: DATE: SUBJECT: REVIEWED: HONORABLE MAYOR &CITY COUNCIL MEMBERS LES M.JONES II,INTERIM DIRECTOR OF PUBLIC W~ FEBRUARY 5,2013 MEDIAN MAINTENANCE BUDGET ADJUSTMENT FY 1 -13 CAROLYN LEHR,CITY MANAGER~C!L RECOMMENDATION 1.Reaffirm the budgeted median maintenance expenditure for FY12-13,which will result in a revised estimated June 30,2013 ending fund balance of $86,640 in the Beautification-Recycling fund. 2.Approve Resolution 2013-_,A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES,AMENDING RESOLUTION 2012-43,THE BUDGET APPROPRIATION FOR FISCAL YEAR 2012-13,FOR A BUDGET ADJUSTMENT TO THE CITY'S BEAUTIFICATION-RECYCLING FUND BACKGROUND On November 20,2012 the City Council directed City staff to cease the Neighborhood Beautification Grants (NBG)Program.Additionally,Council directed staff to refund the Recycling Revenue received from the City's two residential trash haulers,EDCO and Universal Waste Systems,Inc.to residential ratepayers.These two haulers annually provide the total amount of $296,000 to the City as recycling rebatelrevenues as a compensation for the sale of recyclable materials collected at curbside. As a result of the Council's direction,the remaining recycling revenue for the current fiscal year and all future potential funds are to be returned as a rebate/credit to the residential trash ratepayers in the City.This credit process is presently being coordinated with the trash haulers and will be presented to the Solid Waste Subcommittee shortly.The ratepayer credit will be retroactive to January 1,2013.Therefore,the City will receive only half of the revenue for FY12- 13,which is $148,000 less than the originally planned amount of $296,000. F-1 Median Maintenance FY 12-13 Funding February 5,2013 Page 2 In the past few years the City has bUdgeted the recycling rebatelrevenue in the following manner:a)approximately $96,500 of expenditures for the NBG program;and b)about $193,000 is transferred to the City's median maintenance program in the Street Maintenance- Non Pavement fund,based on a City Council decision during the 2009 budget process. Currently,the FY12-13 budget includes appropriations for median improvements projects funded with recycling money that have not yet been constructed,however,which are planned to be constructed in the near future. DISCUSSION For several years,recycling revenues have been the income source for both the NBG program to neighborhood groups,and for funding approximately $193,000 of the City's annual $238,000 median maintenance budget.Furthermore,based upon immediate plans for bUdgeted and in- design median improvement projects,the median maintenance budget is expected to increase from $238,000 to $285,000 in FY14-15. The estimated June 30,2013 Beautification-Recycling fund balance based on the current FY12- 13 budget is $155,040.This fund balance is sufficient to absorb the reduced revenue,yet still provide for a full year of median maintenance during FY12-13.As a result of this revenue loss, the structural budget for median maintenance will need to be re-balanced for FY13-14 and beyond.If the median maintenance program is to remain intact,it is likely that other ongoing programs will need to be cut by about $200,000. Staff is not requesting a decision regarding long-term median maintenance funding at this time; however,it will be necessary to solve the structural deficit during the 2013 budget process or prior to initiating bids for median improvements,whichever occurs first. CONCLUSION Approving staff's recommendations will allow for the continuance of current contracted median maintenance services through the end of the fiscal year.The continuance and level of service beyond that date will be an item of consideration for funding in the structural budget for the next fiscal year. FISCAL IMPACT If City Council adopts Staffs recommendations,the Beautification-Recycling revenue budget will be reduced by $148,000,and the Beautification-Recycling expenditure budget will be reduced by $79,600 to reflect the cancelation of the NBG program.The revised estimated Beautification-Recycling fund balance at June 30,2013 will be $86,640 ($155,040 budgeted fund balance,less $148,000 revenue reduction,plus $79,600 expenditure reduction). Attachments: Resolution 2013- Excerpt from the 2012 Five-Year Financial Model for the Beautification-Recycling Fund W:\LAUREN\STAFFRPT\budgel\20130205 MEDIAN MAINT FINAL .doc F-2 RESOLUTION NO.2013- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES,AMENDING RESOLUTION 2012-43,THE BUDGET APPROPRIATION FOR FISCAL YEAR 2012-13,FOR A BUDGET ADJUSTMENT TO THE CITY'S BEAUTIFICATION-RECYCLING FUND WHEREAS,Section 3.32 of the Rancho Palos Verdes Municipal Code provides that all expenditures in excess of budgeted allocations must be by supplemental appropriation of the City Council;and WHEREAS,on June 19,2012,the City Council of the City of Rancho Palos Verdes adopted Resolution 2012-43,approving a spending plan and authorizing a bUdget appropriation for the 2012-13 fiscal year;and WHEREAS,the City of Rancho Palos Verdes desires that the budget appropriation for the FY 2012-13 Street Maintenance-Non Pavement be increased;and WHEREAS,a budget increase in the Street Maintenance-Non Pavement is necessary to authorize the expenditure of additional funds for the maintenance of City medians: BE IT,THEREFORE,RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: The following adjustment(s)be made to the following fund(s): Recycling Fee Revenue Grants to other Entities Expenditure Public Works Overhead Charges Expenditure Verified by Finance:\U) 212-3012-367-10-00 ($148,000) 212-3012-431-93-00 ($75,000) 212-3012-431-94-20 ($4,600) PASSED,APPROVED,AND ADOPTED THIS FEBRUARY 5,2013. MAYOR ATTEST: CITY CLERK Resolution No.2013- Page 1 of 2 F-3 State of California ) County of Los Angeles )ss City of Rancho Palos Verdes ) I,CARLA MORREALE,City Clerk of The City of Rancho Palos Verdes,hereby certify that the above Resolution No.2013-was duly and regularly passed and adopted by the said City Council at a regular meeting thereof held on February 5,2013. CITY CLERK CITY OF RANCHO PALOS VERDES W:\LAUREN\STAFFRPT\budget\RESOLUTION NO.docx F-4 CITY OF RANCHO PALOS VERDES 2012 FIVE-YEAR FINANCIAL MODEL -(BY FUND) EXHIBIT B To Street Maintenance fund (median maintenance)I (b) ~ ~ 296,000 296,000 3,110 4,254 299,110 300,254 14,6701 15,414 15,276 138 15,800 16,000 16,300 16,600 17,000 17,500 6,8331 75,000 0 75,000 150,000 75,000 75,000 75,000 75,000 75,000 4,300 I 6,400 61,100 (54,700)4,500 4,600 4,700 4,800 4,900 5,000 25,80311 96,81411 76,37611 20,4381 170,300 I 95,600 I 96,000 96,400 1 96,900 II 97,500 I I 21,582.1 111,300 186,460 189,750 195,090 I 200,900 a 207,610 480,754\500,500 I 0 500,500 500,500 250,000 0 0 210,000 I 165,200 165,200 0 116,000 193,000 196,800 201,000 690,75411 665,700 II 165,200 I 500,500 616,500 443,000 196,800 201,000 1,367,251 858,102 858,102 0 916,780 411,580 155,040 147,990 142,080 137,080 207,408 299,110 300,254 1,144 281,600 282,060 285,750 291,490 297,800 305,110 (25,803)(96,814)(76,376)20,438 (170,300)(95,600) (96,000)(96,400)(96,900)(97,500) (690,754)(665,700) (165,200)500,500 (616,500) (443,000)(196,800)(201,OOO)(205,900)(211,400) 858,102 394,698 916,780 I 522,0821 411,580 I 155,040 a 147,990 a 142,080 II 137,080 a 133,290 (k) (e) (b) (b) Beautification Grants Beautification revenue Operations &maintenance Personnel services To CIP fund -Street Improvements (median projects) Interest eamings Plus:Revenues less:Transfers Out BEAUTIFICATION FUND SUMMARY BEAUTIFICATION FUND NET BEFORE TRANSFERS Beginning Fund Balance Less:Expenditures Total Revenue Transfers Out BEAUTIFICATION FUND DETAIL {Fund-212 Total Transfers Out Ending Fund Balance Total Expenditures Revenues Expenditures F - 5