HomeMy WebLinkAboutReso 117-2008RESOLUTION NO. 117-2008
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING VARIOUS BUDGET ACTIONS
THAT ALLOW STAFF TO CLOSE THE BOOKS FOR FISCAL
YEAR 2007-08
WHEREAS, staff recommends authorizing various budget changes as described below.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco hereby approves various budget actions shown that allows staff to close books for the
2007-08 fiscal year. Taking these actions will result in a General Fund Undesignated Reserve of
approximately $5.4 million as of June 30, 2008. Those budget actions are:
• Add $104,000 to the City Attorney's Office to cover litigation, covered by additional
recovery from a delinquent hotel operator.
• Add $409,00() to the Fire Department Budget to cover higher gasoline costs and a
high number of final leave balance paymen;.s for long term employees who were
retiring.
• Add $116,000 to the Non-departmental. Budget to cover a pending property tax
judgment.
• Add $1.3 million to the Oyster Point Fund budget to cover interest expense on the
advance made by the Redevelopment Agency.
• Confirm the Reserves shown on Exhibit A-2
• Authorize the Finance Director to make final adjustments to revenues and
expenditures and Reserves as a result of any audit comments that occur during the
final external auditor review, in conformance with generally accepted accounting
standards.
~ ~ * ~ ~ ~
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 17t" day of December, 2008
by the following vote:
AYES: Councilmembers Pedro Gonzalez, Richard A. Garbarino, and Kevin Mullin,
Vice Mayor Mark Addie~o and Ma o~Karyl Matsumoto
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST: ~ ' ,,~
° City lerk
,~
__ ~' ~,
CITY OF SOUTH SAN FRANCISCO OPERATING BUDGET, 2007-OS
Exhibit A-1
GENERAL FUND SUMMARY, YEAR-END 2007-08
Variance to Final
Midyear Final Amended Amended Budget
Actual Actual Adopted Budget Budget Actual Favorable/
2005-06 2006-07 2007-08 2007-OB 2007-OS 2007-08 (Unfavorable) Percent
Revenues and Other
Financing Sources
Property Taxes 11,776,863 12,992,109 13,487,768 13,954,334 13,954,334 14,029,883 75,549 0.5%
°
ERAF Refund from County 1,871,955 1.410,472 750,000 1,311,000 1,311,000 1,429,004 118,004 ,0
9.0
0
5%
Sales Tai: 12,251,284 12,753,418 13,370,000 12,419,046 12,419,046 12,481,431 62,385 .
7%
12
Transient Occupancy Tax 5,469,708 5,959,034 5,900,000 6,300,000 6,300,000 7,098,285 796,285 .
1
8%
Motor Veh~cfe In Lieu Fees 4,460,748 4,617,897 4,788,000 4,788,000
252
493
1 4,788,000
858
388
1 4,875,710
530
1
588 87,710
199,672 .
14.4%
Revenue from Other Agencies 1,522,527 1,657,142
7
208 1,006,500
000
350
3 ,
,
000
150
3 ,
,
3,150,000 ,
,
3,148,076 (1,924) -0.1%
Franchise Fees 2,858,554
614
516 3,13
,
653
339 ,
,
630,000 ,
,
657,000 657,000 659,703 2,703 0.4%
Business License
Cornrnercial Parking Tax ,
1,140,846 ,
1,124,927 1,200,000 1,756,537 1,756,637 1,930,331
990
125
3 173,694
(609
010) 9.9%
-16.3%
Budding and Fire Permits 4,727,494 4,957,891 4,275,000 3,735,000
6
200 3,735,000
623
937
5 ,
,
332
600
6 ,
394,977 6.7%
Charges for Services 5,736,520
085
89 6,628,277
528
043
1 5,376,200
000
125
1 ,
5,37
1,i 25,000 ,
,
1,125,000 ,
,
1,077,003 (47,997) -4.3%
Fines ,
8
495
767 ,
,
631
985 ,
,
750,000 850,000 850,000 1,046,866 196,866 23.2%
Interest
Net Chanoe Investment Value ,
-54,909 ,
66,204
020
3
020
2
603
020
603
2 299,068
2,509,670 299,068
(93,350)
-3.6%
Rent 2,526,995
774
986
1 2,693,837
500
016
2 ,
2,60
2,119,000 ,
,
2,119,000 ,
,
2,119,000 2,118,614 (386) 0.0%
Administrative Charges ,
,
783
639 ,
,
837
109 569,250 569,250 569,250 697,312 128,062 22.5%
Other ,
579
2
293 ,
120
993 897,500 897,500 958,235 925,089 (33,146) -3.5%
Transfers In ,
, ,
Total Revenues: 61,479,819 64,529,643 62,197,238 62,863,480 63,622,003 65,373,164 1,751,161 2.8%
Plus Prior Year Carryovers fi77,478
Total Revenues and Other
819
479
$ 61
64,529,643
62,197,238
63,540,958
63,622.003
65,373,164
Financing Sources ,
,
Variance to Final
Midyear Final Amended Amended Budget
Actual Actual Adopted Budget Budget
2007-08 Actual
2GJ7-OB Favorable!
(Unfavorable)
Percent
2005-06 2006-07 2007-OS 2007-08
Expenditures
344
4
882
058.374
5
5,409,774
5,752,911
5,742,952
5,923,991
(181,039)
-3.2%
Administration
Economic & Comm. Dev. ,
,
3,430,070 ,
3.990,985 3,703,647 4,095,128 3,222,928
301
8 3,215,845
671
16
893 7,083
370)
(408 2.5%
Fire 14,826,794 15,164,670
9 15,528,484
606
580
4 16,142,516
70fi
4
668 16,4
5,
4,785,503 ,
,
4,766,810 ,
18,693 0.4%
Library 4,064,638
302
259
16 4.399,00
675
907
17 ,
,
18,888,620 ,
,
18,$88,620 18,671,565 18,665,949 5,616 0.0%
Poi~c•e
Public VVOrks ,
,
7,136,058 ,
.
7,846,538 8,286,334 8,302,765 4,235,779
1
351 4,208,434
733
10
828 27,345
618
2 0.6%
0.0%
Parks 8 Recreation 4,631,304 4,927,347 5,158,427 5,162,987 ,
10,83 ,
, ,
Subtotal, Operating
i
511
230
55
294,598
59
61,556,092
63,013,633
63,975,379
64,503,434
(528,055} -0.8%
tures
Budget Expend ,
, ,
Net Operating Budget Impact $ 6,249.308 S 5,235,045 $ 641,146 ~ 527,325 S (353,375) $ 869,730
CITY OF SOUTH SAN FRANCISCO OPERATING BUDGET, 2007-08
Exhibit A-2
Total General Fund Operating and Capital Budget,
& Projected Changes to General Fund Reserves
Actual Actual Adopted Midyear Actual
2005-06 2006-07 2007-08 2007-08 2007-08
Net Operating Budget Impact (from Table f) 6,249,308 $ 5,235,045 $ 641,146 $ 527,325 $ 869,730
Less Transfers to Capital Projects: (471,129) (826,253) (1,030,300) (1,914,411) (545,304)
Less Transfers to Debt Service (130,000) (243,305) (150,000) (210,000) (210,000)
Less Transfer of Retiree Health Reserve to Benefits
(4,000;000)
Fund {1):
= Net Impact on General Fund Reserves $ 5,648,179 $ 4,165,487 $ (539,154) $ (1,597,086) $ {3,885,574)
General Fund Reserves Projection
I. Discretionary Reserves!
Liquid Reserves Available
Emergencies 1,200,000 1,291,000 1,244,OD0 1,257,000 1,307,000
Economic Contingencies 4,211,000 4,517,000 4,354,000 4,400,000 4,576,000
Designated for future Economic Development and Capital
000
4
950
610,000
5
3,504,700
4,256,589
4,399,131
Projects ,
, ,
Designated for Post-Employment Health Benefits
Undesignated Reserve
Subtotal, Discretionary (Available) Reserves
II. Non-Discretionary Reserves!
Reserves Already Committed
Encumbrances
Advances to Other Funds
Inventory and Other
Appropriated Capital Projects
Subtotal, Non Discretionary (Committed) Reserves
Total General Fund Reserves
~ 1 i .Authorized by Council in the Midyear Budget Amendment
3,000,000 1,000,000 4,000,000
5,890,360 5,261,260 6,992,929 5,649,893 5,437,445
$ 16,251,360 $ 19,679,260 $ 17,095,629 $ 19,563,482 $ 15,719,576
408,357 677,478
45,210 55,425
335,364 793,615
210, 849
45,210 45,210 45,210
1,344,569
$ 788,931 1,526,518 45,210 45,210 i,6uu,6~u
$ 17,040,291 21,205,778 17,140,839 19,608,692 $ 17,320,204