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Home My WebLink AboutReso 21-2009RESOLUTION NO. 21-2009 CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION AMENDING THE 2008-09 OPERATING BUDGET TO ADJUST REVENUES AND EXPENDITURES AT MID-YEAR WHEREAS, staff has presented the City Council with a review of the City's finances midway through the 2008-09 fiscal year; and WHEREAS, it is recommended that the City Council review the 2008-09 Midyear Financial Report and approve the Midyear 2008-09 Budget Amendment Changes included as "Attachment 1"hereto. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San Francisco hereby amends the 2008-09 Operating Budget to reflect the changes shown on Attachment 1. ~ ~ ~ ~ ~ I hereby certify that the foregoing Resolution was regularly introduced and adopted b- the City Council of the City of South San Francisco at a regular meeting held on the 25th day of February, 2009 by the following vote: AYES: Councilmembers Pedro Gonzalez. Richard A. Garbarino. and Kevin Mullin Vice Mayor Mark Addiego and Ma.. o~Karyl Matsumoto NOES: ABSTAIN: None ABSENT: None Z~ A 'TEST: ity Clerk CITY OF SOUTH SAN FRANCISCO OPERATING BUDGET, MIDYEAR 2008-09 ATTACHMENT 1 summary ®f all budget Amendment Changes Midyear General Fund Budget Amendment (From Attachment 2) Amended Midyear Changes 2008-09 Projection Favorable/ (Unfavorable) Revenues and Other Financing Sources Sales Tax Transient Occupancy Tax Motor Vehicle In Lieu Fees Commercial Parking Tax Charges for Services Transfers In Total Revenues Operating Budget Expenditures Excess Vacation Payouts Provision for State Budget Hits Total Expenditures 12,135,229 11,572,467 (562,762) 6,571,732 6,183,000 (388,732) 5,015,520 4,958,000 (57,520) 2,231,798 2,107,000 (124,798) 6,002,200 6,052,200 50;000. 815,749 945,749 130,000 400,000 Redevelopment Agency Revenues ( From Attachment 4) Appeals and Settlements (300,000} Sewer Fund Revenues: (From Attachment 5 Charges for Service-SSF 14,976,600 Other Cities 5,093,500 Connection and Other Fees 610,000 Sewer Impact Fees 200,000 Developer/Other Contributions 0 Interest/Other Income 150,000 (953,812} 250,000 (250,000) 0 400,000 150,OOn (2,141,000) (1,841,000) 14,743,000 (233,600) 4,930,760 (162,740) 100, 000 (510, 000) 100, 000 (100, 000) 5,620,000 5,620,000 165,000 15,000 Total, Sewer Revenues 4,fi28,fifi0 CITY OF SOUTH SAN FRANCISCO OPERATING BUDGET, MIDYEAR 2008-09 ATTACHMENT2 GENERAL FUND SUMMARY Variance to Amended Budget % Variance, Actual Actual Adopted Amended tNidyea~ Favorable/ Favorable/ 2006-07 2007-08 2008-09 2008-09 Projectior ` (Unfavorable) (t" favorable) Revenues and Other Financing Sources _ Property Taxes 12,992,109 14,029,883 14,390,507 15,170,298 t5,170;298< - ERAF Refund from County 1,410,472 1,429,004 780,000 1,436,000 .~ .1;136;000` - Sales Tax 12,753,418 12,481,431 12,715,229 12,135,229 '.11,572;467 (562,762) -4.6% Transient Occupancy Tax 5,959,034 7,098,285 6,450,000 6,571,732 `6,183,000 (388,732) -5.9% Motor Vehicle In Lieu Fees 4,617,897 4,875,710 5,015,520 5,015,520 4,958;000: (57,520) -1.1 °'° Revenue from Other Agencies 1,657,142 1,588,530 999,400 1,502,826 `1,502;826 - Franchise Fees 3,137,208 3,148,076 3,313,000 3,313,000 - `3,313;000: - Business License 653,339 659,703 1,052,000 1,052,000 ~1,052,000~ - Commercial Parking Tax 1,124,927 1,930,331 2,306,637 2,231,798 =`.2,107;000: (124,798) -5.6% Building and Fire Permits 4,957,891 3,125,990 3,520,000 2,580,683 2,580;683 - Charges for Services 6,628,277 6,332,600 5,818,200 6,002,200 fi,052,200 50,000 0.8°% Fines 1,043,528 1,077,003 1,140,000 1,140,000 1,140;000 - Interest 985,631 1,046,866 650,000 574,000 '< ~ 574,000 - Rent 2,693,837 2,509,670 2,686,281 2,586,281 2,586,281 - Administrative Charges 2,018,500 2,118,614 2,225,000 2,225,000 2,225,000 - Other 837,109 697,312 618,710 618,710 618,710' - Transfers In 993,120 925,089 815,749 815,749 945;749` 130,000 15.9% Subtotal Revenues 64,529,643 65,373,164 64,496,233 64,971,027 :64;01'7;214':` (953,812) 0.2% Plus Prior Year Carryovers 210,849 ;- ~210;849~ Tota! Revenues and Other - ~ ,` Financing Sources 64;529;643 65,373;164 64,496,233 65,181,876 64,228,064 ,.'t: `< (953,812) Variance to Amended Budget % Variance, Actual Actual Adopted Amended ="'M~dyear' Favorable/ Favorable/ 2006-07 2007-08 2008-09 2008-09 Projection'' (Unfavorable) (Unfavorable) Operating Budget Expenditures Administration 5,058,374 5,923,991 5,847,110 5,927,633 5,927;633 - Economic & Comm. Dev. 3,990,985 3,215,845 3,060,610 3,172,996 3;172;996;: - Fire 15,164,670 16,893,671 16,609,207 17,018,207 ~ 17,018,207 - Library 4,399,009 4,766,810 4,538,421 4,796,543 `4,?96;543; - Police 17,907,675 18,665,949 19,428,219 19,446,159 " T9,44,6,159 - Public Works 7,846,538 4,208,434 3,754,335 3,785,761 ~ ;3,785;761 - Parks and Recreation 4,927,347 10,828,733 10,711,990 10,711,990 10,711;990 - Excess Vacation Payouts 250,000• (250,000) Retiree Health Cost Increase 575,000 575;000` - Provision for State budget hits 400,000 400,000 0;• 400,000 100.0°0 2%Departmental Reductions (1,473,000)~ ~;~ (1;473,000): - Total Operating _ -: . Budget;Expenditures 59,294,598 , - 64;503,434 64,349,892 , 64,361,290 ` 64,211-;290 150;000 0:2% Operating Budget Impact ~ 5,235;045 ~ 869;730'..5 146,341 ~. 820,586_ ~~ ~ 16,774 5 + (803,812) CITY OF SOUTH SAN FRANCISCO OPERATING BUDGET, MIDYEAR 2008-09 A~i-fACHMENT 3 Total General Fund Operating and Capital Budget, & i~rojected Changes to General Fund Reserves Mid- Year Actual Actual Adopted Amended Projection 2006-07 2007-08 2008-09 Budget 2008-09 Net Operating Budget Impact (from Table I) $ 5,235,045 $ 1,205,630 $ 146,341 $ 820,586 $ 16,774 Less Transfers to Capital Projects: (826,253) (545,304} (1,403,500) (2,821,682) (2,813,826} Less Transfers to Retiree Health Fund (4,000,000) (500,000) (500,000) (500,000) Less Transfers to Debt Service (243,305) (210,000} (210,000) {150,000) (150,000) = Net Impact on General Fund Reserves $ 4,165,487 $ (3,549,674) $ (1,967,159) $ (2,651,096) $ (3,447,052) General Fund Reserves Projection I. Discretionary Reserves/ Liquid Reserves Available Emergencies 1,291, 000 1, 272,000 1, 290, 000 .1,278, 000 1,280, 000 Economic Contingencies 4,517,000 4,452,000 4,515,000 4,474;000 4,481,000 Designated for future Economic Development and Capital Projects 5,610,000 4,399,131 3,695,589 3,743,000 3,743,000 Designated for Post-Employment Health Benefits 3,000,000 ated Reserve d i U 5,261,260 5,858,732 4,120,734 5,464,798 4,659,841 es gn n Subtotal, Discretionary (Available) Reserves $ 19,679,260 $ 15,981,863 $ 17,621,323 $ 14,959,798 $ 14,163,841 II. Non-Discretionary Reserves/ Reserves Already Committed Encumbrances 677,478 210,849 Advances to Other Funds Inventory and Other 55,425 45,210 45,210 45,210 45,210 Appropriated Capital Projects 793,615 1,418,182 Subtotal, Non Discretionary (Committed) Reserves 1,526,518 1,674,241 45,210 45,210 45,210 Total General Fund Reserves 21,205,778 17,656,104 17,666,533 $ 15,005,008 $ 14,209,051 Q c a~ Q L 1~ O ._ V O N Ol CO Lf') M M (~ I~ 11~ N l0 Ch O I~ GO (~ N O ~ I~ tI7 d' b t17 N O O ~ N ~ ,-a L!7 ll"1 M 'd' O N O (~ O~ I~ 00 O CO d" d' ~ 117 I`~ ~ ,-- O~ M i--i O M O Lf') ~ Q~ O M *-~ N ~--~ M LI7 d" N 0 ~' ~ ~ ~ ~ ~ 0~ ~ CU .. V .U oZS ~ . G` U w ii i.L = ~ ~ ~ ~ ~ 'O O O. LZ v a~ L /O ~ ~. ~ V ,~ _ _ ~L O L ~ ~ ~ ~ ~ O ~ Q. ~ ~ O W O _ = C ~ w 'd aO+ ~> ~ ~ V C .+.~ .v ~7 vi C W .~ 01 C ~ ._ ~ ~ 0 ~ V ~ ~ = V1 O ~ .Y L ~ ~ i to ~ •~ V riH ~ ~ ~ ~ ~ ' g ~ U G? U 1` ~ .fl .O W O a ~ '~ ~ = Ri fl' ' ,~ O = ~ D1 ~ ~ ~ ~ ~ C _ ,~ ~ y- C ~ ~ ~ ~ ~ ~ ~ ~ ~ ~'-~°- ~'~s o c I~ . ~'' '~ cC O .~ ~? 4.. O ~ c3i c ~, L ,~ fl. 3~~c~n ~~s~ C1" a~ ry _ U ~G' ~ fC v, fl.~~-~O.a "G C. O O ~ (n ?r L fl. _: Q ~ ~ ~~U'C ~.~ ~ E-- -~ ~ .=c ac=Oa~e ~ .~O,~o~a~~~ ~ ~ ~ r~=~V~=r~ ra O a U ~ ~ ~ ~ o ~ ~ o' o > ~ ~.aN > ~° ~z ~ fC ~ ~y cn~~~ a~ ~~- ATTACHMENT 4 MERGED REDEVELOPMENT PROJECT AREA SUMMARY Summary of Revenues and Expenditures Vartance t~ Amended Budget °I° Vartance, Actual Adopted Amended Protected Favorable! Favorable 2007-08 2008-09 2008-09 2008-09 (Unfavorable) (Unfavorable) REVENUES Gross Tax Increment Allocated Gateway 8,519,479 8,173,154 8,853,961 8,853,961 - 0.0°/ Shearwator 3,847,502 3,334,927 5,936,854 5,936,854 - 0.0% Downtown 12,749,421 12,602,501 18,197,328 18,197,328 - O.D% EI Gamina 3,445,927 3,954,947 3,826,538 3,826,538 - 0.0% Subtotal 26,562,329 28,065,529 36,814,681 36,814,681 - 0.0°/a Lass ERAF shift - (1,760,000} (1,760,000) - Adjustments: QtherAppeals & Settlements (753,117) - (300,000} (2,141,000) 1,841,000 Adjustments: County Admin & Other (445,530) (260,655) {368,147) (366,147) - D.0°/ Event 104,859 105,000 105,000 105,000 - O.D% lnleresl & Other 3,324,354 1,274,000 1,274,OOD 1,274,000 - 0.0% TOTAL SOURCES OF FUNDS: 30,792,895 29,163,874 35,765,534 33,924,534 1,641,000 6'.3% Vartance to Amended Budget % Variance, Actual Adopted Amended Projec#ed Favorable/ Favorable 2007-08 2008-09 2008-D9 2008-09 (Unfavorable) (Unfavorable) EXPENDfTURES Radavelopmont Activltles 2,836,585 4,357,835 4,832,757 4,632,757 - 0.0% Prior Year Tax AdJustmeni 8,416,485 3,800,000 - - 0.0% CapilalOullay 36,506 61,000 83,OOD 83,000 - 0.0% Debt 5ervlce 4,853,913 5,115,751 5,115,751 5,115,751 - O.D% Special Projaols 900,000 900,OOD 900,000 - D.0% County 5et11ement 823,872 850,000 850,000 85D,000 - 0.0% Transfers to LowlModerate Income Housing Fund 5,561,843 5,583,106 7,332,936 7,332,936 - 0.0°0 Pass Through Payments to Taxlng Enifties - Gateway 324,034 463,043 641,623 641,823 - 0.0% Shearwater 1,003,929 884,2!34 1,678,592 1,678,592 - 0,0°!° Downtown 3,072,717 3,049,710 4,197,903 4,197,903 - D.0% EI Camino 264,941 317,467 290,641 290,641 - 0.0% Subtotal, Pass Through Payments 4,655,621 4,714,514 6,808,760 6,808,760 - 0.0% Capital Projects Tax Increment-Funded Protects, Current 14,661,748 1,235,800 2,575,800 2,575,800 - D.0°o Tax Increment Carryovers trom Prior Year 3,814,061 3,814,061 - Subtotal, Capital ProJocts 14,661,748 1,236,800 6,389,861 6,389,861 - 0,0% TOTAL USES OF FUNDS: 41,646,572 32,313,065 32,313,065 - Excess of Revenues over (under} Expenditures (1 t ,053,678) 3,462,468 1,611,468 Fund Balance 12,565,840 14,177,408 MIDYEAR REVIEW, 2D06-09 Sewer Fund Attachment 5 REVENUES Summary o8 Revenues, Expenditures, and Changes in Fund 3atance Operations: Charges for Service-SSF Other Cities Connection and Other Fees State Revolving Loan and Dond Funds Sewer Impact Fees Developer/Other Contributions Interest/Other Income Transfers In Advances from Redevelopment Agency Total Revenues and Other Sources of Funding: EXPENDffURES Operating Expenses Debt Serv(ce Capital Expenditures Transfers Out to CIP Total F~cpenditures Net Income Total Fund Balance Emergency Capital Repairs Reserve (SRF Reserve) Reserved for East of 101 Sewer Protects Undesignated Reserve, End of Year Change firom Adopted Actual Adopted Amended Mid-Year Favorable) 2007-08 2DD8-D9 2D0&09 20D6-49 (Unfavorable) Change 13, 455, 322 4,768,793 67,255 4,279,521 106,512 755,615 2,415 93,OOD 1,700,000 25,228,433 14,976,600 14,976,6D0 i4,743,D00 5,093,500 5,093,500 4,930,760 61D,000 610,000 100,OOD 3,321,239 3,321,239 200,000 200,040 100,D00 5,fi20,000 150, 000 150, 000 165, Doa (233,600) -1.6°io (162,740) -3.2'/° (510,000) -83.6% (100,000) -50.0% 5,620,000 15,000 10.0% 21,030,100 21,030,100 28,979,999 4,628,660 22.0% 12,074,634 13,112,814 13,112,814 13,112,814 0 O.D% 5,571,953 5,805,000 5,805,ODD 5,726,300 (78,700) -1.4% 15,462,768 1,073,000 13,586,180 13,586,18D 12,513,180 123,670 151,800 151,800 151,600 0 0.0% 33,333,026 20,142,614 32,655,794 82,577,094 12,434,480 61.7% (8,104,593) 887,486 (3,597,095) 3,823,413 4,810,899 326,31.8 ___ __ 1,480, 000 1,877,000 3,D85,836 (2,568,979) (642,423) 1,018,297 " Capital Improvement Protects Include key East of 101 Infrastructure improvemen#s that will be funded through development f~ years as development occurs. Advances from the Redevelopment Agency will allow the Sewer Fund to complete these prole development. All advances wli! be paid back over approximately 5 years with Interest. Note: RDA Advance 1,7DD,000 1,751,000 1,781,430 2008-09 is the las# of an approved 5 year rate program that was used to fund the Wet Weather program. 'Over the nexi 6 mo the funding needs for the next five years, and folding the necessary rate increases Into the next year's budget. The Sewer Fund consists of the Water Quality Gantral Plant Division, the Sewer Maintenance Division, and planned Sewer capital protect expenses. S:IEudgat Quarterly ReportstM)dyear 20g6-09lsesver mid year hind t1B-09 v2jrmxls 2/i7/~009