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CC RES 2022-041 RESOLUTION NO. 2022-41 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 2022-23. WHEREAS, on June 7, 2022, the City Council opened a duly published Public Hearing to receive public input regarding the budget for FY 2022-23; WHEREAS, on June 21, 2022, the City Council continued the Public Hearing to receive public input on the revised budget for FY 2022-23; 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 $59,731,424 for all City funds as of June 30, 2023, exclusive of the City's Improvement Authorities. 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 FY 2022-23 Revenue Budget is hereby adopted, establishing the following Governmental and Internal Service Fund contribution levels: GENERAL $ 35,727,000 CI P 200,000 GAS TAX 2,160,700 1972 ACT 200 EL PRADO LIGHTING 200 1911 ACT 808,000 WASTE REDUCTION 194,600 Al R QUALITY MANAGEMENT 55,500 PROPOSITION C 846,800 PROPOSITION A 1,023,900 PUBLIC SAFETY GRANTS 151,200 MEASURER 640,400 MEASURE M 1,316,300 HABITAT RESTORATION 12,400 SUBREGION 1 MAINTENANCE 14,000 MEASURE A 90,200 ABALONE COVE SEWER DISTRICT 52,000 DONOR RESTRICTED CONTRIBUTIONS 43,300 CDBG 60,000 FEDERAL GRANTS 1,104,000 STATE GRANTS 100 ARPA 4,952,600 QUI MBY 10,000 LOW-MODERATE INCOME HOUSING 31,600 AFFORDABLE HOUSING I N LIEU 4,300 ENVIRONMENTAL EXCISE TAX 22,400 BICYCLE & PEDESTRIAN ACCESS 110,000 MEASURE W 682,000 TOTAL GOVERNMENTAL FUND REVENUES ti*".***- `' $ 50,313,700 Section 3: The FY 2022-23 Budget is hereby adopted, establishing the following transfers into the following funds: GENERAL $ 300,000 CIP 6,123,900 SUBREGION 1 MAINTENANCE 50,000 EMPLOYEE PENSION FUND 400,000 *TOTAL OPERATING TRANSFERS IN $ 6,873,900 *Excludes $15,000 transfers-in from the General Fund to the Improvement Authority- Portuguese Bend Resolution No. 2022-41 Page 2 of 6 Section 4: The FY 2022-23 Budget is hereby adopted, establishing the following transfers from the following funds: GENERAL $ 6,588,900 PUBLIC SAFETY GRANTS 250,000 MEASURE A 50,000 TOTAL OPERATING TRANSFERS OUT $ 6,888,900 *Includes $15,000 transfers-out from the General Fund to the Improvement Authority- Portuguese Bend Section 5: The FY 2022-23 Operating and Capital Improvement Budget Programs are hereby adopted, establishing the following allocations. I I Resolution No. 2022-41 Page 3 of 6 City Council $ 110,700 Legal Services 950,000 Public Safety-Sheriff Services 7,254,000 Public Safety-Special Programs 373,700 City Manager 823,000 City Clerk 665,800 Community Outreach 73,400 Emergency Preparedness 210,800 Human Resources 473,300 Information Technology-Data 1,055,700 Information Technology-Voice 131,000 RPV TV 220,100 Finance 1,491,500 Non-departmental 2,524,300 Community Development Administration 823,600 Planning 1,334,100 Building&Safety Services 866,800 Code Enforcement 272,400 View Restoration/Preservation 390,400 Geology 150,000 Animal Control 288,000 Public Works Administration 2,939,700 Traffic Management 364,500 Storm Water Quality 1,000 Public Building Maintenance 528,250 Parks Maintenance 847,200 Street Landscape Maintenance 663,000 Trails&Open Space Maintenance 379,150 Fuel Modification 650,400 Vehicle Maintenance 63,000 Sewer Maintenance 35,000 Recreation Administration 1,276,300 Fred Hesse Jr. Park 213,600 Robert E. Ryan Park 120,200 Ladera Linda Community Center 58,700 Abalone Cove Shoreline Park 213,100 Special Events 419,300 Point Vicente Interpretive Center 470,500 REACH 72,000 Recreation Support Services 28,300 City Run Sports&Activities 11,500 Contract Classes 65,000 Volunteer Program 5,000 Park Rangers 389,300 Parking Enforcement 108,300 Eastview Park 84,400 Open Space Management 238,300 SUBTOTAL GENERAL FUND EXPENDITURES $30,727,600 Resolution No. 2022-41 Page 4 of 6 Street Maintenance - Pavement Management $ 265,000 Street Maintenance - Landscape Maintenance 715,100 Right-of-Way Improvements (CI P) 1,700,000 } Nc9\ Y: XIS SUBTOTAL GAS TAX FUND EXPENDITURES 2,680 100 CIP I $ 9,283,000 EL PRADO LIGHTING I 500 1911 ACT 476,100 WASTE REDUCTION 254,300 AIR QUALITY MANAGEMENT 140,000 PROPOSITION C 900,000 PROPOSITION A 777,200 MEASURE R 1,400,000 MEASURE M 1,066,000 FEDERAL GRANTS 105,000 ARPA 3,697,000 STATE GRANTS 210,000 HABITAT RESTORATION 222,000 SUBREGION 1 MAINTENANCE 43,600 ABALONE COVE SEWER MAI NTENANCE 208,800 DONOR RESTRICTED CO NTRI BUTI ONS 14,600 COMMUNITY DEVELOPMENT BLOCK GRANT 150,000 ENVIRONMENTAL EXCISE TAX 64,000 BICYCLE & PEDESTRIAN ACCESS 110,000 MEASURE W 596,000 :...: :}$�J•l�•�•'kZ. {??,.`�"gMr,Y�`i'C<.iF.:`�:�?nn.{•1 AY'h4`T'P`y' SUBTOTAL OTHER FUNDS EXPENDITURES }" � 14� 1 `-y $ 191 718 100 f EQUIPMENT REPLACEMENT $ 602,700 EMPLOYEE PENSION SERVICE FUND $ 242,000 END1TURES 844 700 SUBTOTAL INTERNAL SERVICE FUNDS EXP $ , Resolution No. 2022-41 Page 5 of 6 PASSED, APPROVED and ADOPTED the 21st day of June 2022. 4414,7-Peto ATTEST: David L. ry, May of Ma o� eresa aoka, City Clerk State of California ) County of Los Angeles ) City of Rancho Palos Verdes ) I, Teresa Takaoka, City Clerk of The City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2022-41 was duly and regularly passed and adopted by the said City Council at regular meeting thereof held on June 21, 2022. ' esa Takaoka, City Clerk Resolution No. 2022-41 Page 6 of 6 CITY OF RANCHO PALOS VERDES FY 2022-23 FUND SUMMARY EXHIBIT A FY2022-23 Resources FY2022-23 Appropriations Estimated Transfers Ending Fund Fund Fund Balance Transfers Out Out Balance No. Fund 06/30/2022 Revenues Transfers In Expenditures CIP Other 06/30/2023 101 General Fund Balance 28,338,235 35,727,000 300,000 30,727,600 6,123,900 465,000 27,048,735 101 Restricted Amount(Policy Reserve) (13,140,569) (15,363,800) General Fund Unrestricted Balance 15,197,666 35,727,000 300,000 30,727,600 6,123,900 465,000 11,684,935 Restricted by City Council Action 330 CIP 37,183,150 200,000 6,123,900 9,283,000 - 29,224,050 681 Equipment Replacement 2,381,672 313,800 - 602,700 - - 79,172 682 Employee Pension Fund 640,000 - 400,000 242,000 - - 798,000 Subtotal Restricted by City Council Action 40,204,822 513,800 6,523,900 10,127,700 - - 30,101,222 Restricted by Law or External Agencies 202 Gas Tax 1,390,861 2,160,700 - 2,680,100 - - 871,461 203 1972 Act 29,325 200 - - - - 29,525 209 El Prado Lighting 39,737 200 - 500 - - 39,437 211 1911 Act 1,665,463 808,000 - 476,100 - - 1,997,363 213 Waste Reduction 269,084 194,600 - 254,300 - - 209,384 214 Air Quality Management 151,123 55,500 - 140,000 - - 66,623 215 Proposition C 509,299 846,800 - 900,000 - - 456,099 111 216 Proposition A 1,609,538 1,023,900 - 777,200 - - 1,856,238 217 Public Safety Grants 103,005 151,200 - - - 250,000 4,205 220 Measure R 1,821,860 640,400 - 1,400,000 - - 1,062,260 221 Measure M 148,478 1,316,300 - 1,066,000 - - 398,778 222 Habitat Restoration 286,672 12,400 - 222,000 - - 77,072 223 Subregion 1 Maintenance 747,815 14,000 50,000 43,600 - - 768,215 224 Measure A 101,636 90,200 - - - 50,000 141,836 225 Abalone Cove Sewer District 157,321 52,000 208,800 - - 521 228 Donor Restricted Contributions 814,341 43,300 - 14,600 - - 843,041 310 CDBG 90,055 60,000 - 150,000 - - 55 331 Federal Grants - 1,104,000 - 105,000 - - 999,000 332 State Grants 7 100 210,000 - - (209,893) 333 ARPA 4,309,800 4,952,600 3,697,000 - - 5,565,400 334 Quimby 701,520 10,000 - - - - 711,520 336 Low-Mod Income Housing 315,431 31,600 - - - - 347,031 337 Affordable Housing In Lieu 880,011 4,300 - - - - 884,311 338 Environmental Excise Tax 90,758 22,400 - 64,000 - - 49,158 340 Bikeways 28,000 110,000 - 110,000 - - 28,000 343 Measure W 662,627 682,000 - 596,000 - - 748,627 Subtotal Restricted by Law or External Agencies 16,923,767 14,386,700 50,000 13,115,200 - 300,000 17,945,267 TOTAL GOVERNMENT FUNDS 72,326,255 50,627,500 6,873,300 53,970,500 6,123,900 765,000 59,731,424 I Resolution No.2022-41 Exhibit A Page 1 of 1