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HomeMy WebLinkAbout2010-03-09 City Council Item No. 16CITY OF LADE 0LSIf10RE r DREAM REPORT TO CITY COUNCIL TO: HONORABLE MAYOR AND MEMBERS OF THECITY COUNCIL FROM: ROBERT A. BRADY CITY MANAGER DATE: MARCH 9, 2010 SUBJECT: REPORT ON THE MID-YEAR STATUS ON THE FY 2009-10 BUDGET BACKGROUND The City on a quarterly basis reviews the status of the budget. This mid-year review of the fiscal year 2009-10 will focus only on the General Fund. The third quarter review will include the Landscape and Lighting Districts and the Capital Improvement Program (CIP). This report also includes a review of the audited fiscal year 2008-09 financial statements as they relate to the General Fund. The mid-year budget review also includes the following schedules: • Schedule of Revenue, Expenditure and Changes in Fund Balance o This includes a comparison of the fiscal year 2008-09 budget with the audited actual, o Fiscal year 2009-10 adopted budget, current budget through December 31, 2009 and the actual revenues and expenditures through December 31, 2009, o Fiscal year 2009-10 mid-year budget adjustments recommended and the fiscal year 2009-10 recommended adjusted budget, o Fund Balance activity and reserve balances. • Explanations of Fiscal Year 2009-10 Recommended Budget Adjustments. • Detail of Fiscal Year 2009-10 Department Recommended Budget Adjustments. AGENDA ITEM NO. 16 Page 1 of 13 Report on the Mid-Year Status of the Fiscal Year 2009-10 Budget March 9, 2010 Page 2 DISCUSSION Revenue At mid-year, the City is anticipating a reduction in revenues of $1. Explanation of significant revenue reductions are noted below: Sales Tax Based upon the continued decrease in sales tax in the 3'd Quarter 2009 compared to 3`d Quarter 2008 (-12.2°/x) and the lag of the recovery in the economy, we are projecting a decrease in our sales tax revenue for fiscal year 2009-10 of $128,000. This is our most conservative estimate based upon the information we received from our sales tax consultants. Property Tax The City staff also met with our property tax consultant to discuss our property tax revenue projections. The City of Lake Elsinore experienced a net taxable value decrease of -17.6% for the 2009/10 tax roll, which was more than double the estimated decrease that was originally projected. This decrease was significantly more than the decrease experienced countywide at -10.5%. Based on the revised information we received from our consultants, we are projecting a decrease of $836,700 in our fiscal year 2009-10 budget. Fire Tax Credit The property revaluation also affected our projected Fire Tax Credit revenue. The original FY 2009-10 adopted budget reflected an amount of $2,300,000 for the Fire Tax Credit. This amount has been revised to $1,885,044, a reduction of $414,956 in revenue to the City for FY 2009-10. SB211 RDA Pass Through Income The City will also be receiving $113,000 from the Redevelopment Agency as a result of the Redevelopment Agency Plan Amendments done in the prior year. The RDA plan amendment resulted in some new pass through amounts being due to various agencies and the City of Lake Elsinore is one of those agencies Page 2 of 13 Report on the Mid-Year Status of the Fiscal Year 2009-10 Budget March 9, 2010 Page 3 Expenditures A reduction in expenditures of $137,700 is being recommended. The explanations for these adjustments are included in the attached schedules. In addition, $300,000 being reduced from the transfers out to the General Fund Capital Fund (CIP) due to moving of stadium activities to the Redevelopment Agency. Fiscal Year 2008-09 Annual Audit The fiscal year 2008-09 audit financial statements reflect actually needing only $117,660 from the Supplemental Revenue ("Rainy Day") Fund. The budgeted amount allocated was $1,015,000. This results in a savings to the General Fund of $897,340. This savings was the result of significant reduction in expenditures from Fire Services, Law Enforcement and the Lake and Park Departments. This savings is recommended to be use to offset the deficit. Also, due to changes to various fund balance reserves noted on our audit report, the Unallocated Revenue Fund increased $895,671. This resulted in our Unallocated Revenue Fund Balance increasing to $1,574,208. RECOMMENDATIONS The net deficit of the revenue decrease and expenditure reductions (including the decrease in the transfer out to the capital fund) is $1,142,500. As noted above, staff is recommending using the "savings" from the prior year Supplemental Revenue Fund of $897,340 and an additional $245,160 from the Fund to cover the shortfall. This would leave a balance of $1,395,540 in the "Rainy Day" Fund Prepared by: James R. Ril Director of Admt)"rative Services Approved by: Robert A. Brady ~y City Manager Page 3 of 13 Page 4 of 13 CITY OF LAKE ELSINORE FY 2009-10 MID-YEAR BUDGET REVIEW Schedule of Revenue, Expenditures and Changes in Fund Balance FY 2007-2008 Audited Actuals FY 2008-2009 Adjusted Budget FY 2008-2009 Audited Actuals FY 2008-2009 Variance-Budget vs Actual Over/ (Under) General Fund General Fund General Fund General Fund Fund 100 Fund 100 Fund 100 Fund 100 Revenues: Major Revenues: Sales Tax 8,518,799 6,928,300 6,772,651 (155,649) _Property Tax _ 6,823,418 6,783,500 6,698,456 _ (85,044) Property Tax-Prop 1A Securitization - - - - Franchise Tax 1,768,178 1,767,800 1,824,890 57,090 Building Permit Fee 1,189,661 300,000 382,1 41 82,141 _ Property Transfer Tax 213,922 225,000 _ 228,883 3,883 Other Taxes 240,464 204,700 _ 244,822 40,122 Other Licenses & Permits 1,116,074 773,000 897,884 124,884 State and County Intergov. Rev. 278,983 435,503 356,167 (79,336) Fees 3,010,016 3,765,600 3,548,413 (217,187) Fines and Forfeitures 589,206 519,000 552,490 _ 33,490 Miscellaneous Revenue 4,794,909 5,172,245 5,482,052 309,807 Total Revenues Before Operating Transfers In 28,543,631 26,874,648 26,988,849 114,201 Operating Transfers In 4,529,744 1,552,700 1,427,000 (125,700) Total Revenues 33,073,375 28,427,348 28,415,849 (11,499) Expen ditures: City Council/PSAC 450,469 348,509 351,137 2,628 City Treasurer _ 18,776 9,800 9,193 (607) City Attorney 433,313 350,000 424,445 74,445 City Manager/ Information Systems/Eton Dev 1,565,455 1,491,654 1,491,507 (147) City Clerk 228,571 257,123 _ 257,606 483 Administrative Services 1,687,309 1,732,100 _ 1,740,262 8,162 General Law Enforcement 9,991,659 9,368,500 9,112,285 (256,215) Fire _ 4,301,610 4,452,100 4,027,276 (424,824) Community Development 3,183,698 2,441,560 2,401,324 (40,236 Public Works 3,768,917 3,066,114 3,034,526 (31,588) Parks and Recreation 2,975,738 2,987,013 2,811,188 (175,825) Lake Operations and Aquatics 1,482,297 1,127,950 939,081 (188,869) Non-Departmental - Operating 2,195,179 1,943,400 1,933,679 (9,721) Total Operating Exp. 32,282,990 29,575,823 28,533,509 (1,042,314) Revenues Over Under) Expenditures 790,385 (1,148,475) (117,660) 1,030,815 Fund Balance Allocations: Unallocated Revenue Fund Balance- Budget Allocation Per City Council Approval During Fiscal Year - 133,475 (133,475) Subtotal 790,385 (1,015,000 (117,660) 897,340 Supplemental Revenue ('Rainy Da n 1,015,000 117,660 (897,340) Subtotal : 790,385 - - - Transfers Out to Gen. Fun105) CIP(Fund (2,461,754) (1,148,000) (1,251,256) 103,256 i Unallocated Revenue Fund Balance Allocation For Transfers Out to Gen. Fund CIP (Fund 105) 1,671,369 1,148,000 1,251,256 (103,256) P:IBudgel09-1012009-lOMid-Year Budgel12009-f0 MID-YEAR Budget 3-9-10 Council meeting.xis,314,2010jrr Page 5 of 13 CITY OF LAKE ELSINORE FY 2009-10 MID-YEAR BUDGET REVIEW Schedule of Revenue, Expenditures and Changes in Fund Balance FY 2007-2008 Audited Actuals FY 2008-2009 Adjusted Budget FY 2008-2009 Audited Actuals FY 2008-2009 Variance-Budget vs Actual Over/ (Under) _ General Fund General Fund General Fund General Fund _ Fund 100 Fund 100 Fund 100 Fund 100 Fund Balance Activity & Detail: Beginning Unallocated Revenue 5,496,356 4,285,493 4,285,493 - Prior Period Adjustment (50,000) (50,000) Changes to Various Fund Balance Reserves Decreases/ (Increases) from Prior Year Encumbrances 320,765 _ 57,917 57,917 Specific Projects - - 615,001 615,001 Advance to other funds 179,048 209,947 209,947 Prepaid expenditures (39,307) 12,806 12,806 Total Changes to Various Fund Balance Reserves 460,506 - 895,671 895,671 Allocations : ~ - Per City Council Approval 133,475) - 133,475 Transfers Out to Gen. Fund CIP (Fund 105) 6;9 (1,148,000) (1,251,256) (103,256) Allocation to Supplemental Reserve (2,305,700) (2,305,700) - Total Allocations 69) (3,587,175) (3,556,956) 30,219 Ending Unallocated Revenue _ 93 4 698,318 1,574,208 875,890 Designated Reserve Balance: Reserve Balance L 00 3,500,000 3,500,000 - Supplemental Reserve Balance Beginning Balance 00 1,500,000 1,500,000 - Increase in Supplemental Reserve 2,305,700 2,305,700 - Allocation of Supplemental Reserve _ (1,015,000) (117,660) 897,340 Ending Bal. Supplemental Reserve Avail. 1,500,000 2,790,700 3,688,040 897,340 Total Designated Reserve Balance 5,000,000 6,290,700 7,188,040 897,340 Total General Fund Balance- F Designated & Unallocated 9,285,493 6,989,018 ,762,248 1,773,230 P.iBudget O9-1012009-fOMid-Year Budgetl2009-f0 MID-YEAR Budget 3-9-10 Council meeting.x1s,31412010jrr Page 6 of 13 CITY OF LAKE ELSINORE FY 2009-10 MID-YEAR BUDGET REVIEW Schedule of Revenue, Expenditures and Changes in Fund Balance FY 2009-2010 Adopted Budget FY 2009-2010 Current Budget at 12-31-09 FY 2009-2010 YTD Actuals at 12-31-09 FY 2009-2010 % YTD Actuals to Current Budget General Fund General Fund General Fund General Fund Fund 100 Fund 100 Fund 100 Fund 100 Revenues: Major Revenues: Sales Tax 6,423,000 6,423,000 1,708,453 26.60% Property Tax 6,446,700 5,760,877 828,836 14.39% Property Tax-Prop 1A Securitization - 685,823 - 0.00% Franchise Tax 1,840,000 1,840,000 335,320 18.22% Building Permit Fee 300,000 300,000 261,995 87.33% Property Transfer Tax 225,000 225,000 143,332 63.70% Other Taxes 196,000 196,000 71,654 36.56% Other Licenses & Permits 778,200 778,200 466,169 59.900/6 State and County Intergov. Rev. 221,100 221,100 45,653 20.65% Fees 1,889,600 1,914,380 677,506 35.39% Fines and Forfeitures 479,000 _ 479,000 145,555 _ 30.39% Miscellaneous Revenue 4,485,100 4,510,100 1,080,164 23.95% Total Revenues Before Operating Transfers In 23,283,700 23,333,480 5,764,637 24.71% Operating Transfers In 20,000 20,000 - 0.00% Total Revenues 23,303,700 23,353,480 5,764,637 24.68% Expenditures: _ City Council/ PSAC 278,613 264,518 - 163,187 61.69% City Treasurer 500 500 - 0.00% City Attorney 350,000 350,000 2,040 0.58% City Manager/ Information Systems/ Econ Dev 1,449,591 1,440,238 628,946 43.67% City Clerk 181,530 231,530 73,754 31.86% Administrative Services 1,601,035 1,568,964 909,752 57.980 General Law Enforcement 7,695,696 7,695,696 2,913,679 37.86% Fire 3,743,600 3,755,116 1,084,648 28.88% Community Development 1,792,749 1,800,155 861,226 47.84% Public Works 1,648,063 1,646,232 928,854 56.42% Parks and Recreation 2,741,696 2,664,436 1,290,829 48.456i. Lake Operations and Aquatics 1,070,475 1,055,883 472,975 44.79% Non-Departmental - Operating 1,533,451 1,761,845 638,225 36.22% Total Operating Exp. 24,087,000 24,235,113 9,968,115 41.13% Revenues Over (Under) Expenditures _783,300) (881,633) (4,203,478) Fund Balance Allocations: Unallocated Revenue Fund Balance- Budget Allocation Per City Council Approval During Fiscal Year - 48.333 - Subtotal (783,300) (833,300) (4,203,478) Supplemental Revenue ("Rainy Day") Allocation 11100,000 1,150,000 Subtotal 316,700 316,700 (4,203,478) Transfers Out to Gen. Fund CIP (Fund 105) (316,700) (316,700) (16,666) 5.26% Unallocated Revenue Fund Balance Allocation For Transfers Out to Gen. Fund CIP (Fund 105) P:1Budget09-1012009-IOMid-Year BudgetTO09-10 MID-YEAR Budget 3-9-10 Council meeting.xls,3142010jrr Page 7 of 13 CITY OF LAKE ELSINORE FY 2009-10 MID-YEAR BUDGET REVIEW Schedule of Revenue, Expenditures and Changes in Fund Balance FY 2009-2010 Adopted Budget FY 2009-2010 Current Budget at 12-31-09 FY 2009-2010 YTD Actuals at 12-31-09 FY 2009-2010 % YTD Actuals to Current Budget General Fund General Fund General Fund General Fund Fund 100 Fund 100 Fund 100 Fund 100 Fund Balance A tivi & Detail: Beginning Unallocated Revenue 1,574,208 1,574,208 Prior Period Adjustment - - Changes to Various Fund Balance Reserves Decreases/ (Increases) from Prior Year Encumbrances Specific Projects Advance to other funds _ Prepaid expenditures Total Changes to Various Fund Balance Reserves Alloca tions Per City Council Approval (48,333) Transfers Out to Gen. Fund CIF (Fund 105) Allocation to Supplemental Reserve - Total Allocations (48,333) Ending Unallocated Revenue 1,574,208 1,525,875 Designated Reserve Balance: Reserve Balance 3,500,000 3,500,000 Supplemental Reserve Balance Beginning Balance 2,790,700 3,688,040 Increase in Supplemental Reserve Allocation of Supplemental Reserve _ (1,100,000) (1,150,000) T I Ending Bal. Supplemental Reserve Avail. 1,690,700 2,538,040 Total Designated Reserve Balance 5,190,700 6,038,040 Total General Fund Balance- Designated & Unallocated 6,764,908 7,563,915 P:IBudget09-10p009-IOMid-Year Budgetl2009-f0 MID-YEAR Budget 3-9-10 Council mee6ng.x1s,31412010jm Page 8 of 13 CITY OF LAKE ELSINORE FY 2009-10 MID-YEAR BUDGET REVIEW Schedule of Revenue, Expenditures and Changes in Fund Balance i FY 2009-2010 Current Budget at 12-31-09 FY 2009-2010 Mid- Yr. Recommended Adjustments FY 2009-2010 Mid-Yr. Recommended Adjusted Budget % Increase/ (Decrease) vs Current Budget General Fund General Fund _ General Fund General Fund Fund 100 Fund 100 Fund 100 Fund 100 Reven ues: Major Revenues: Sales Tax 6,423,000 (128,000) 6,295,000 -1.99% Property Tax 5,760,877 (836,700) _ 4,924,177 -14.52% Property Tax-Prop 1 A Securitization 685,823 - 685,823 0.00% Franchise Tax 1,840,000 - 1,840,000 0.00% Building Permit Fee 300,000 100,000 400,000 33.33% Property Transfer Tax 225,000 100,000 325,000 44.44% Other Taxes 196,000 - 196,000 0.00% Other Licenses & Permits 778,200 - 778,200 0.00% State and Countylntergov. Rev. 221,100 - 221,100 0.00% Fees 1,914,380 (518,500) 1,395,880 -27.08% Fines and Forfeitures 479,000 5,000 484,000 1.04% Miscellaneous Revenue 4,510,100 (302,000) 4,208,100 -6.70% Total Revenues Before Operating Transfers In 23,333,480 (1,580,200) 21,753,280 -6.770/ Operating Transfers In 20,000 201000 0.00% Total Revenues 23,353,480 (1,580,200) 21,773,280 Expenditures: City Council/ PSAC 264,518 11,600 276,118 4.39% City Treasurer 500 500 0.00% City Attorney 350,000 - 350,000 0.00% City. Manager/ Information Systems/ Econ Dev 1,440,238 (12,500) 1,427,738 -0.87% City Clerk 231,530 (8,800) 222,730 -3.80% Administrative Services 1,568,964 (7,000) 1,561,964 -0.45% General Law Enforcement 7,695,696 - 7,695,696 0.00% Fire 3,755,116 - 3,755,116 _ 0.00% Community Development 1,800,155 (6,000) 1,794,155 -0.33% Public Works 1,646,232 1,646,232 0.00% Parks and Recreation 2,664,436 155,000) 2,509,436 -5.82% Lake Operations and Aquatics 1,055,883 40,000 1,095,883 3.79% Non-Departmental - Operating 1,761,845 1,761,845 0.00% ; r Total Operating Exp. 24,235,113 (137,700) 24,097,413 -0.57% . Revenues Over (Under) Expenditures (881,633) (1,442,500) (2,324,133) Fund B alance Allocations: Unallocated Revenue Fund Balance- Budget Allocation Per City Council Approval During Fiscal Year 831.633 48,333 Subtotal (50,000) (1,442,500) (2,275,800) Supplemental Revenue ('Rainy Day") Allocation 1,150,000 1,142,500 2,292,500 Subtotal 1,100,000 Transfers Out to Gen. Fund CIP(Fund 105) (316,700) 300,000 (16,700) Unallocated Revenue Fund Balance Allocation For Transfers Out to Gen. Fund CIP (Fund 105) (783,300) P.kBudget09-1012009-IOMid-Year BudgetT009-10 MID-YEAR Budget 3-9-10 Council meedng.x1s,3N12010jm Page 9 of 13 CITY OF LAKE ELSINORE FY 2009-10 MID-YEAR BUDGET REVIEW Schedule of Revenue, Expenditures and Changes in Fund Balance FY 2009-2010 Current Budget at 12-31-09 FY 2009-2010 Mid- Yr. Recommended Adjustments FY 2009-2010 Mid-Yr. Recommended Adjusted Budget % Increase/ (Decrease) vs Current Budget General Fund General Fund General Fund General Fund Fund 100 Fund 100 Fund 100 Fund 100 Fund Balance A tivi & Detail: Beginning Unallocated Revenue 1,525,875 1,574,208 1,574,208 Prior Period Adjustment - - - Changes to Various Fund Balance Reserves Decreases/ (increases) from Prior Year Encumbrances Specific Projects - - - Advance to other funds Prepaid expenditures Total Changes to Various Fund Balance Reserves - - Allocations Per City Council Approval (831,633) (48,333) Transfers Out to Gen. Fund CIP (Fund 105) - Allocation to Supplemental Reserve - - Total Allocations (831,633) (48,333) Ending Unallocated Revenue 694,242 1,574,208 1,525,875 Designated Reserve Balance: Reserve Balance - 3,500,000 Supplemental Reserve Balance Beginning Balance 2,538,040 3,688,040 Increase in Supplemental Reserve Allocation of Supplemental Reserve (1,150,000) (1,142,500) (2,292,500) _ Ending Bal. Supplemental Reserve Avail. 1,388,040 1,395,540 Total Designated Reserve Balance 1,388,040 4,895,540 Total General Fund Balance- Designated & Unallocated 2,082,282 6,421,415 P.kBudget09-1012009-IOMid-Year Budgetl2009-10 MID-YEAR Budget 3-9-10 C0uncilmeet1ng.x1s,314i2010Jff Page 10 of 13 CITY OF LAKE ELSINORE FY 2009-10 Mid-Year Budget Review Explanation of Recommended Budget Adjustments FY 2009-2010 Mid-Year Recommended Adjustments General Fund Explanation for Recommended Adjustment or Other Comment Revenues: Major Revenues: Sales Tax (128,000) Decrease is based on the most recent analysis done by our Sales Tax Consultants. Property Tax (836,700) Decrease is based on the most recent analysis done by our Property Tax Consultants. Property Tax-Prop 1A Securitization No change for budget. Payment 1 of 2 received 1-15-2010 for $342,911 Building Permit Fee 100,000 Increase based on 87.3% of original budget received at 12.31.09 and conservative projection for the next six months. Property Transfer Tax 100,000 Increase based on 63.7% of original budget received at 12-31-09 and increase in sales of homes in the City. Fees (518,500) Decrease is due Stadium related fees and costs from the RDA ($475,000) no longer being handled through the General Fund, and the net decrease in building & safety fees related to fire review and structure abatement ($43,500 Fines and Forfeitures 5,000 Increase is due to increase in fines related to various violations. Miscellaneous Revenue (302,000) Net decrease is primarily due to the reduction in the annual Fire Tax credit to the City, which is a reduction of $415,000 for the budget, offset by $113,000 from the RDA related to a SB211 Pass through payment. Expenditures: City Council/ PSAC 11,600 Increase is due to services carried from prior year and LAFCO fees. City Manager/ PIO/ IT/ Econ Dev (12,500) Decrease is due primarily to reduction in consulting and printing costs. City Clerk (8,800) Decrease is due to reduction in training and education cost. Administrative Services (7,000) Decrease is due to freeze in hiring part-time cashier. Community Development (6,000) Decrease in Community Development is primarily due to reduction in various costs in contractual services and materials and supplies. Parks and Recreation (155,000) Net Decrease is due primarily to Stadium maintenance cost ($175,000) no longer handled through the General Fund, offset by increase in costs for Inland Film Commission : $5,000, part-time help at Terra Cotta Gym: $10,000; and repairs needed at the Skate Park: $5,000. Lake Operations and Aquatics 40,000 Increase is due primarily to seasonal temporary personnel services costs and equipment repair. Transfers Out to Fund 105 300,000 This reduction is related to the Stadium Capital Repair agreement no longer being handled through the General Fund. Supplemental Revenue 1,142,500 This recommended increase in "Rainy Day" Fund of $1.150 million is broken down by taking the "savings" of $897,340 from FY 2008-09, plus requesting an additional $245,160 to cover the budget shortfall. P.Oudget09-1012009-IOMid-Year BudgeA2009-10 MID-YEAR Budget 3-9-10 Council meeting.xls,aI42010,jrr Page 11 of 13 CITY OF LAKE ELSINORE FY 2009-10 Mid-Year Department Recommended Budget Adjustments Object Code Department/Division FY 2009-2010 Mid- Yr. Recommended Aditj-qtmpnt CITY COUNCIL 20-02 Community Promotion 8,300 20-18 Publications & Membership 6,800 20-22 Travel & meeting (3,000) 30-30 Office Supplies _ 500 Total City Council 11,600 CITY CLERK 20-23 Training and Education (8,800) CITY MANAGER'S OFFICE CITY MANAGER/ ADMINISTRATION 20-02 Community Promotion 500 20-18 Publications & Membership (500) 20-22 Travel & meeting (500) 30-30 Office Supply (2,200) 30-33 Special Dept Supply 200 2,500 ECONOMIC DEVELOPMENT 20-01 Advertising (3,900) 20-18 Publications & Membership 6,500 20-22 Travel & Meeting 600 2,000 INFO TECH GIS 20-01 Advertising (2,000) 30-30 Office Supply 10,000 12,000 Total City Manager's Office 12,500 ADMINISTRATIVE SERVICES FINANCE DIVISION 10-20 P.T Employee 7,000 Total Administrative Services 7,000 P.,IBudget09-1012009-f0Mid-YearBudget12009-10 MID-YEAR Budget 3-9-10 Council meeting.x1s,31412010jrr Page 12 of 1 CITY OF LAKE ELSINORE FY 2009-10 Mid-Year Department Recommended Budget Adjustments Object Code Department/Division FY 2009-2010 Mid- Yr. Recommended Adiijqtmpnt COMMUNITY DEVELOPMENT PLANNING & ZONING 30-30 Office Supply (2,000) 30-33 Special Dept Supply 1,000 3,000 BUILDING & SAFETY 3043 Special Dept Supply (1,000) CODE ENFORCEMENT 20-22 Travel & meeting (1,000) 30-33 Special Dept Supply 1,000 2,000 Total Community Development 6,000 PARKS AND RECREATION COMMUNITY SERVICE ADMINISTRATION 20-02 Community Promotion 9,200 20-20 Professional Svcs_ (9,200) 20-20 Inland Empire Film Commission 5,000 5,000 LAKE COMMUNITY CENTER 10-20 P.T Employees-Terra Cotta Gym 10,000 20-16 Repairs at Skate Park 5,000 DIAMOND STADIUM 20-20 Professional Svcs-Move Stadium to RDA (175,000) Total Parks and Recreation 155,000 LAKE & AQUATICS RESOURCES LAKE ADMINISTRATION 10-20 P.T Employees-Summer Season 10,000 20-15 Equipment Maintenance-Vessel repair 30,000 40,000 TOTAL OPERATING EXPENDITURES (137,700) TRANSFER TO GEN. FUND CIP (FUND 105) Stadium Capital Fund Moved to RDA Reduction of transfer out 300,000 TOTAL TRANSFER OUT 300,000 P.,Wudget09-1012009-10Mid-YearBudget12009-10 MID-YEAR Budget 3-9-10 Council meeting.xis,31412010jff Page 13of1