HomeMy WebLinkAbout01/12/2006 CC Study Session Reports
AGENDA
CITY COUNCIL STUDY SESSION
CITY OF LAKE ELSINORE
183 NORTH MAIN STREET
LAKE ELSINORE, CALIFORNIA
THURSDAY, JANUARY 12,2006 - 4:00 P.M.
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If you are attending this City Council Study Session please park in the Parking
Lot across the street from the Cultural Center. This will assist us in limiting the
impact of meetings on the Downtown Business District. Thank you for your
cooperation!
CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE
PUBLIC COMMENTS - AGENDIZED ITEMS - 3 MINUTES
DISCUSSION ITEM
a. Mid Year 2005-2006 Budget Review- Council Goals, Department/Division
Goals and Service Indicators.
ADJOURNMENT
CITY OF LAKE ELSINORE
MID-YEAR BUDGET REVIEW
FY 2005-2006
JANUARY 12, 2006
Mid-Year Budget Overview
. General Fund
. elP
· Major Goals
. Service Indicators
. LLMD
. RDA
. Fiscal Year 2006-07 Budget Process
Mid-VeIN' Budrt Review, Py 200S.06
2
Proposed Mid-Year Adjustments-
Revenue Increase
(Decrease)
Property Tax $ 677,900
Motor Vehicle in Lieu (VLF) (337,000)
Building Permit Fees 600,000
Sales Tax 363,500
Franchise Tax 212,000
Transfers (656,000)
All Other 116,100
Total $ 976,500
Mid-Year BudgellWvicw, Py ZOOS.06 3
1
Proposed Mid-Year Adjustments
Expenditures
Increase
(pecreasc:,)
City Manager $ 115,000
Community Development Dept. 189,400
Non-Dept. - Operating (180,000)
Non-Dept. - Capital 411,800
All Other Expenditures ~
Total $625,700
Mid.Year Bud(ec Review, FY 2005-06 4
Review - Adjusted 2005-06 Budget
Estimated General Fund (GF) Revenue $27,712,800
Estimated GF Operating Expenditures (27,025,400)
Balanced Budget $ 687,400
Mid- Y Uf Budget Review, FY 2005-06 5
General Fund
Una1located Revenue
Un allocated Revenue at 6/30/05 $4,267,151
GF 2005-06 Budget - Rev-Exp 687.400
Unallocated Revenue at 7/1/06 $4,954,551
Mid- Y car B~ge( Review, FYZOO5-06 6
2
General Fund
UnaBocated Revenue - Proposed
Unallocated Revenue at 7/1/06 $ 4,954,551
Fund an addition to the Reserve (500,000)
Establish a Supplemental Revenue Fund ($1,500,00Q)
Unallocated Revenue at 7/1/06 $ 2,954,551
Mid-YclU' B~ Review, FV 2005..06 7
LLMD & RDA
Mid-Yeal' Budrt Review, fY 2005.06
8
CIP
Mid-Year Budget Review, FY 2005-06
9
3
Proposed 2006-07 Budget Process
4/20/06 Study Session 1- Operating Budget
5/18/06 Study Session 2 - CIP Budget,
LLMD & RDA Budget
6/13/06 Council Meeting - Adopt Budget
Mtd-Yu.. 8udrt Review, FY 2005-06 10
City Council-
Comments
Questions?
or
Budget Input
Mid-Yeal' Budget IU:view. FY 2005-06
11
CITY OF LAKE ELSINORE
MID-YEAR BUDGET REVIEW
FY 2005-06
The End
JANUARY 12, 2006
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