HomeMy WebLinkAboutReso 121-2005
RESOLUTION NO. 121-2005
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION AMENDING THE 2005-06 GENERAL FUND
OPERATING BUDGET TO INCREASE GENERAL FUND
REVENUES BY A TOTAL OF $1,176,672
WHEREAS, it is recommended that the City Council review the 2005-06 151 Quarter
Financial Report and approve the 151 Quarter 2005-06 General Fund Operating Budget Amendment
Changes included as "Attachment A" hereto, and shown in the "Variance" column of that
attachment.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco that the City Council hereby amends the 2005-06 General Fund Operating Budget to
increase General Fund Revenues by a total of$1,176,672.
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I hereby certify that the foregoing Resolution was regularly introduced and adopted by the
City Council of the City of South San Francisco at a regular meeting held on the 91h day of
November 2005 by the following vote:
AYES:
Councilmembers Richard A. Garbarino, Pedro Gonzalez and Karyl Matsumoto,
Mayor Pro Tern Joseph A. Femekes and Mayor Raymond L. Green
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST:
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Attachment A
1st Quarter 200E.-06 General Fund Op1erating Results
Unaudited
Amended Year-End Adopted Amended 2005-06 Variance
Actual Actual Budget Actual Budget Budget Projection Favorable
2002-03 2003-04 2004-05 2004-05 2005-06 2005-06 as of 1st Qtr (Unfavorable)
Revenues and Other
Financing Sources
Property Taxes 9,622,976 10,732,355 10,827,000 11,073,523 11,538,588 11,538,588 11,538,588
ERAF One Time Refund from
County 537,460 1,337,000 1,337,000 650,000 650,000 650,000
Sales Tax 12,194,963 11,287,900 11,207,000 10,975,749 11,525,384 11,525,384 11,405,384 -120,000
Transient Occupancy Tax 3,917,243 3,945,974 4,450,000 4,518,293 4,800,000 4,800,000 4,950,000 150,000
Motor Vehicle In Lieu Fees 3,622,146 2,780,323 2,965,405 2,977,291 2,735,600 2,735,600 3,782,272 1,046,672
Revenue from Other Agencies 1,286,721 1,220,479 1,221,813 1,215,737 1,238,536 1,361,838 1,361,838
Franchise Fees 1,873,804 2,602,529 2,710,000 2,761,183 2,850,000 2,850,000 2,850,000
Business License 1,878,853 1,579,865 1,700,000 1,736,742 1,625,000 1,625,000 1,625,000
Building and Fire Permits 2,054,709 2,459,659 2,518,240 2,514,234 2,790,000 2,790,000 2,890,000 100,000
Charges for Services 4,554,519 5,925,338 5,172,345 4,970,408 5,456,900 5,456,900 5,456,900
Fines 907,768 1,061,231 1,015,000 971,050 1,083,000 1,083,000 1,083,000
Interest 1,053,492 445,671 420,000 433,429 476,000 476,000 476,000
Net Change in Investment Value (304,194) -19,501
Rent 1 ,832,252 2,342,600 2,494,000 2,485,931 2,450,000 2,450,000 2,450,000
Administrative Charges 1,651,311 1,847,868 2,135,000 2,133,950 1,986,774 1,986,774 1,986,774
Other 468,139 543,992, 573,271 638,016 590,981 590,981 590,981
Transfers In 1,168,236 1,406,422 2,710,050 2,837,897 2,123,500 2,285,921 2,285,921
Total Revenues: $ 48,087,132 $ 50,415,471 53,456,124 53,56n,932 53,920,263 54,205,986 55,382,658 1,176,672
Plus Prior Year Carryovers 371,816 371,816
Total Revenues and Other
Financing Sources $ 48,087,132 $ 50,415,471 53,456,124 53,560,932 53,920,263 54,577,802 55,754,474 1,176,672
Expenditures
Employee Services 36,611,167 38,061,852 38,331 ,607 42,024,201 42,185,916 42,185,916
Non Salaries 14,658,888 15,858,654 14,43~1,024 12,227,346 12,723,170 12,723,170
Administration 6,387,828 5,017,940 5,507,447 5,24ti,808
Economic & Comm. Dev. 2,623,375 2,728,364 3,928,507 3,60~i,232
Fire 11,387,186 13,449,414 14,188,078 13,879,185
Library 3,953,664 4,469,946 4,501,720 4,41 a,823
Police 12,471,829 13,742,256 15,216,350 15,114,206
Public Works (formerly Maintenance
Services) 5,572,236 5,472,143 5,440,885
Recreation and Community Services 4,981,080 5,106,262 5,On,491
Subtotal, Operating
Budget Expenditures 51,270,055 53,920,506 52,770,631 54,251,547 54,909,086 54,909,086
Net Operating Budget Impact $ 48,087,132 $ (854,584) (464,382) 790,301 {331,284} (331,284) 845,388 1,176,672
Attachment A-1
Total General Fund Operating and Capital Budget,
& Projected Changes to General Fund Reserves
Net Impact on General Fund Reserves
Year End YHar Unaudited
Actual End Year End Amended Projected
2002-03 2003-04 2004-05 2005-06 2005-06
$ (604,005) $ (854,1184) 790,301 (331 ,284) 845,388
(733.000) 185.B30) (338,493) (373,330) (373,330)
(452,000) (103, '167) (136,154) (130,OOO) (130,000)
1,122,000
700,000 (243,B81)
(1,200,000)
(1,167,O05) $ (1,287,:362) 315,654 (834,614) 342,058
Net Operating Budget Impact (from Table I)
Less Transfers to Capital Projects:
Less Transfers to Debt Service
Plus (Minus) One-Time Transactions:
Plus Favorable Resolution of Genentech Property Ta,x
Settlement:
Plus (Minus) Favorable (Unfavorable) Reduction in funds
set aside for legal settlement:
Less Unfavorable Increase in Projected Workers'
Compensation liability:
IGeneral Fund Reserves Projection
::J
I. Discretionary Reservesl
Liquid Reserves Available
Emergencies
1,000,000
1,000,000
1,100,000
1,100,000
1,100,000
Economic Contingencies
3,500,000
3,500,000
3,500,000
3,500,000
3,800,000
Designated for future Economic Development Projects
3,600,000
3,600,000
3,600,000
3,600,000
3,600,000
Undesignated Reserve
4,323,000
3,852,647
4,090,072
3,166,533
4,788,351
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II. Non-Discretionary Reservesl
Reserves Already Committed
Encumbrances 283,000 270,693-'- 371,816 371,816
Advances to Other Funds 845,000
Inventory and other 51,000 93,754 75,000 75,000 75,000
Appropriated Capital Projects 391,000 388,544 284,404 373,330
Subtotal, Non Discretionary (Committed) Reserves $ 1,570,000 $ 752,991 731,220 820,146 75,000
Total General Fund Reserves $ 13,993,000 $ 12,705,638 13,021,292 12,186,679 13,363,351