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HomeMy WebLinkAbout2009-02-24 City Council Agenda Iem No 15CITY OF LADE (? LSI DREAM EXTREME. REPORT TO CITY COUNCIL TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ROBERT A. BRADY, CITY MANAGER DATE: FEBRUARY 24, 2009 SUBJECT: FISCAL YEAR 2008 -09 MID -YEAR BUDGET REPORT BACKGROUND On February 4, 2009, the City Council held a special meeting to provide an update on the status of the current fiscal year activity and establish a plan for maintaining a balanced budget for the remaining half of fiscal year 2008 -09. The City's General Fund was the only budget reviewed at the meeting. A review of the LLMD, Redevelopment Agency and Capital Improvement Plan will be done at the third quarter budget review in April 2009. DISCUSSION At the special meeting, the City Council directed staff to allocate $442,500 from the Supplemental Revenue Reserve Fund to cover the net deficit reported at the Mid -Year review. This brings the total fiscal year 2008 -09 allocation from this reserve to $1,015,000, leaving a remaining balance of $2,790,700. The use of the Supplemental Revenue Reserve reflects the desire of the City Council to avoid further layoffs, if possible, during the remainder of fiscal year 2008 -09. The total of all the City's reserve funds (reserve fund: $3,500,000 and supplemental reserve: $2,790,700) is $6,290,700. The report presented to City Council at the special meeting is included in this report. Staff was also directed to begin the process for the fiscal year 2009 -10 budgets and look at ways to achieve a balanced budget while minimizing the use of the Supplemental Revenue Reserve in future budgets. As part of the development of the fiscal year 2009- 10 budget, budget guidelines, a budget calendar and a position reclassification in the Human Resources Division are recommended in this report. Agenda Item No. 15 Page 1 of 26 Fiscal Year 2008 -09 Mid -Year Budget Report February 24, 2009 Page 2 of 6 Special Meeting Report — February 4, 2009 Revenue At mid -year, after analyzing all the revenues, an additional budget shortfall of approximately $1.1 is anticipated before any additional allocation of funds for the City's supplemental revenue reserve. Most of this additional decline in revenues in related to sales tax ($901,000) and fees ($331,600). There is also a significant decline in investment revenue of $300,000 (miscellaneous revenue) due to a reduction in interest rates. However, this decline will be offset by a sale of City -owned property to the Redevelopment Agency for the Pottery Court Affordable Housing Project. The proceeds from the sale are estimated at $450,000. The table below shows the proposed mid -year revenue budget adjustments before any additional allocation of funds from the Supplemental Revenue Reserve: Property taxes appear to be in line based upon taxes received and information obtained from the County of Riverside. Explanation of significant proposed revenue budget adjustments are noted below: Sales Tax ($901,000, 13% Decrease) Agenda Item No. 15 Page 2 of 26 FY'08-'09 Adjusted Bud et Mid -Year Proposed Budget Adjmts FY 2008 -2009 Mid- Year Adjusted Budget % of Changeto Adj Budget Revenues: Major Revenues: Sales Tax 7,829,300 901,000 6,928,300 - 13.0% Pro ert Tax 6,763,500 20,000 6,783,500 0.3% Franchise Tax 1,767,800 1,767,800 0.0% Building Permit Fee 300,000 300,000 0.0% Propeqy Transfer Tax 245,000 20,000 225,000 -8.9% Other Taxes 230,000 25,300 204,700 - 12.4% Other Licenses & Permits 817,800 44,800 773,000 -5.8% State and County Inter ov. Rev. 233,800 113,800 347,600 32.7% Fees 1 2,360,900 331,600 2,029,300 - 16.3% Fines and Forfeitures 541,000 22,000 519,000 -4.2% Miscellaneous Revenue 5,103,545 65,200 5,168,745 1.3% Supplemental Revenue 572,500 572,500 0.0% Unallocated Revenue Transfers 120,911 120,911 0.0% Transfers 3,289,000 3,289,000 0.0% Total Revenues 30,175,056 (1,145,700) 29,029,356 Property taxes appear to be in line based upon taxes received and information obtained from the County of Riverside. Explanation of significant proposed revenue budget adjustments are noted below: Sales Tax ($901,000, 13% Decrease) Agenda Item No. 15 Page 2 of 26 Fiscal Year 2008 -09 Mid -Year Budget Report February 24, 2009 Page 3 of 6 As the economy has continued its freefall, so has sales tax. Based on our review of information provided by our sales tax consultant based on their latest data, we are proposing a reduction of sales tax revenue. Fees ($331,600, 16.3% Decrease) This reduction in fees is related primarily to the continued decrease in development and housing activity in the City. We also reviewed other fees and are proposing reductions which are more conservative. Expenditures All City departments were requested to review their budgets for additional expenditures which could be cut from their respective budgets. Their efforts and hard work yield reductions in all departments, with a few exceptions, for a net reduction in expenditures of $703,200. An explanation of the significant increases and decreases by departments is noted below: Administrative Services ($49,800, 2.9% Increase) This increase is related to a significant increase in insurance cost. Risk Management is a division of Administrative Services and has a proposed adjustment of $53,000. Public Works ($137,000,4.5% Decrease) Agenda Item No. 15 Page 3 of 26 FY'08 -'09 Adjusted Budget Mid -Year Proposed Budget Ad'mts FY 2008 -2009 Mid- Year Adjusted Budget % of Changeto Adj Budget Ex enditures: Cit Council 283,709 10,500 294,209 16% City Treasurer 18,700 8,900 9,800 - 90.8% City Attorney 350,000 350,000 0.0% City Manager/ Information Systems 1,495,054 3,400 1,491,654 -0.2% City Clerk 256,5231 600 257,123 0.2% Administrative Services 1,687,500 1 49,800 1,737,300 2.9 9 % General Law Enforcement 9,372,000 3,500 9,368,500 0.0% Fire 1 4,498,100 46,000 4,452,100 -1.0% Community Development 2,472,880 12,800 2,460,080 -0.5% Public Works 3,185,514 137,000 3,048,514 -4.5% Parks and Recrea0on 2,912,326 23,100 2,935,426 0.8% Lake O era0ons and Aquatics 1,455,150 327,200 1,127,950 1 - 29.0% Non - Departmental - Operating 2,145,300 (248,400) 1,896,900 - 13.1% Total Operating Exp. 30,132,756 (703,200) 29,429,556 -2.4% An explanation of the significant increases and decreases by departments is noted below: Administrative Services ($49,800, 2.9% Increase) This increase is related to a significant increase in insurance cost. Risk Management is a division of Administrative Services and has a proposed adjustment of $53,000. Public Works ($137,000,4.5% Decrease) Agenda Item No. 15 Page 3 of 26 Fiscal Year 2008 -09 Mid -Year Budget Report February 24, 2009 Page 4 of 6 Reductions in contractual services in the Engineering, Street and Sidewalk and Weed Abatement Divisions are the primary source of the decrease in Public Works. Lake Operations and Aquatics ($327,200, 29.0% Decrease) EVMWD and the City of Lake Elsinore both contribute $650,000 annually to a Lake Management Fund. Agreement was made with EVMWD regarding rebating the FY 08 -09 payment. Tentative agreement had been made in September 2008 to a rebate and $325,000 of the rebate was included in the first quarter budget adjustments. The entire amount was rebated by EVMWD and has been received by the City, thereby adding an additional $325,000 in budget reduction. Non - Departmental Operating (248,400, 13.1% Decrease) The decrease of $248,400 is due to a decrease in interest expense related to debt service. This corresponds to a decrease of the same amount in miscellaneous revenue related to lease rental revenue received from the Redevelopment Agency. This amount is tied into a variable interest rate and resulted in the decrease. A more complete discussion of this agreement is noted in the City's annual audited financial statements. Budget Shortfall The net deficit of the revenue decrease and expenditure reductions is $442,500. As directed by the City Council, staff is proposing that the deficit be funded by an allocation from the Supplemental Revenue Reserve. The reserve was established to supplement future years budget. There is currently $3,127,500 in the reserve. An additional $105,700 is proposed to be added to this reserve due to reduction in transfers to the City's General Fund CIP Fund. The net effect of the addition of $105,700 and the allocation of $442,500 to cover the additional shortfall in FY 08 -09 would leave a remaining balance in the reserve of $2,790,700. The total of all the City's reserve funds (reserve fund: $3,500,000 and supplemental reserve: $2,790,700) is $6,290,700. Agenda Item No. 15 Page 4 of 26 Fiscal Year 2008 -09 Mid -Year Budget Report February 24, 2009 Page 5 of 6 Fiscal Year 2009 -10 Budget Process The City Council has given staff direction to begin the budget process for fiscal year 2009 -10. The following items are included in this report as part of that process: 1. City Council's Budget Guidelines for Fiscal Year 2009 -10. 2. Budget Calendar for the preparation of the Fiscal Year 2009 -10 budget. 3. The reclassification of Sr. Human Resources Analyst (union position) to Human Resources Administrator (non -union position). Citv Council's Budget Guidelines for Fiscal Year 2009 -10 The City Council annually gives direction regarding the preparation of next year's budget. Based on that direction, staff is submitting a Budget Guideline report for fiscal year 2009- 10. As proposed, these guidelines are the standard by which the operating budget will be developed for all the City's entities. These guidelines are structured to reflect City Council's goals and objectives. A copy of these guidelines is attached to this report. Budget Calendar for the preparation of the Fiscal Year 2009 -10 budget A budget calendar has been developed to ensure that the budget preparation process moves along at a pace to allow citizen participation and timely submission of the budget before the start of fiscal year 2009 -10. A copy of this calendar is attached to this report. The reclassification of Sr. Human Resources Analyst Grade 65Z (union position) to Human Resources Administrator Grade 69Z (non -union position). The City Sr. Human Resources Analyst has been and will be involved in contract negotiations with the employees union, United Public Employees of California, LIUNA Local 777 (Union). Currently, this position is included in the Union and has the right to vote on Union contract issues. As the City anticipates possible contract negotiations with the Union during preparation of the fiscal year 2009 -10 budget, staff is proposing the reclassification of this position to a new, exempt, non -union position of Human Resources Administrator, which would include involvement in Risk Management. This would resolve any potential conflict of interest issues. The budget impact of this reclassification will be a minor increase in salary of 0.6 %, with no change in benefit cost and would require no adjustment to the budget. Agenda Item No. 15 Page 5 of 26 Fiscal Year 2008 -09 Mid -Year Budget Report February 24, 2009 Page 6 of 6 FISCAL IMPACT The fiscal impact to the City's General Fund operating budget based on the Mid -Year budget adjustments proposed is as follows: Total Revenue Adjustments $(1,145,700) Total Expenditure Adjustments $( 703,200) Net Deficit $( 442,500) Allocation from Supplemental Revenue Reserve L442 .500 Transfer to CIP Adjustment $( 105,700) COMMENDATIONS 1. Approve the revenue and expenditure budget adjustments proposed for Mid -Year 2008 -09 2. Allocate $442,500 from the Supplemental Revenue Reserve Fund to cover Mid - Year 2008 -09 budget shortfall. 3. Approve the Proposed Budget Guidelines for Fiscal Year 2009 -10. 4. Approve the Budget Calendar for preparation of the Fiscal Year 2009 -10 budget. 5. Approve the reclassification of Sr. Human Resources Analyst Grade 65Z (union position) to Human Resources Administrator Grade 69Z (non -union position). Prepared by: James R. Ril Acting Director cMdministrative Services Approved by: Robert A. Brady City Manager / Executive Directo Agenda Item No. 15 Page 6 of 26 m J Q a C a m a J m 2 N rc r C d d >i 6 N � � a c W `m m K�J z a J 9 LL W o �d W m� � 5 =� N O LL LL q Q C c c m W C C L mU C m d J d W m O K d J N N . m a a m N rn N Page 7 of 26 m 0 o o m m I lay ° u�i�o° t o, lii c co cvM Woo m�o c O,o v O OI D f7 O O O m N N t0 V m 0 0 N O) O O O O N O O V O O> M N C J Mr V IW N� , ._9 OO OO OOOOOOIOO�o t0 m OOVmO�0000t000 (D O o M m E y e � ° o ° o ° O A ° om ° o tioin o viv ci n m m viooi - - o� r�cio CO L6rm M M i6 p y N mAA m t O O MNN N O r rmO V N M M�O�N N VI m Imlp NrMV VO47 �� V N V r N Q= tOMr N m� f7 N' i'- .m .� 00 ' Omm W ( N N N �p J O O,0 V M� -N'0N t7 O W I MM(ON �thrm m 'I ee ese sooaoo see o O vee m v o oo o V W m e o o- e >> OJ m M 1� O 'm 10 m m '0 q m �Oi 0) m A — N 0 (p t0 N D7 W N W A C' O Q f f l I r f �(J M> [O N'O m V mMM N ' ' N m mQ 00 NMM'C AO N :y3— n mD7mA AA m(On m V �-A M� m O O y m M ME W N M m f m M m m r WNW t n 0 O m107 N ( A O V O O W M r— O N n W N W V V N ( V V V m V �i � LL 0000000000 m0 �O m 0)00'V MOO O O' m m O O m M O� a 0000000000'CO�O m'0 m 000m mN0 m mm0 '0 O 000'ONOO On OM, 0 0 N'00 r mNM� N' 00 t0 -M O O m O N m m W NmmO M r O ��O0Of�(70� Qm�MmVOrNm MNOm '0 m N�im V O Nmh N 6646 m'Omn Wnm 'O'0 '0 N mV n i M 4p 10 M m O `• m q NAA MN N mN m'O� M— Cl! ` M MVNm MOd'�O�V� N N m N N M I 9 m h [O r N '0 M m I � O7 V r N f7 NIA N r r V N Q C O,� i LL f i n rn M v ma W m E N M V V V N V M CJ N ` 9 O N 00000 00000 i000� 000' 00 00 O O O O OO 01000000 00000 00000 O' O o O V V MOO ' W 00 Nm ' N m MOO(pOOm ' (ON LQ m O O r O r f O A'm °M�v ui vi co 0o m V '°n i`m N m I I I Q N N N N Y GI O O O O O O O O O O O O O c `I .m d N o000oo o o o a OO o m o N OOOOOOOOOOOOO O N o o rn m N W 00000 mA O a-OJ N N W20 n AO O m m m M m N a O V co N h 0 O V N A N N N O M Q) t 0 0 0 m O M m Q (O m M LL a m m r� r N 'O N C N,� HMV MM (7�N O)mm mNm NV VmmmO) Am�00 y O 'O n O1MM'0 m mAOmrmnW Arm AOm�W O mO1c O) l0 m V t0 A (p m VJ 0 O —i W O D m A V m07 V ORONM ' n M V A M V 40Mmf0 fOmnN m m A M m N V r m of M M N mM�-C M (h 0 (p A W O A V m W 0I N M n O m�M M m m M l Om(On t7 m M N m N mN M O m A m m O (p m O D w L0M A�-N NON 010r YJ O V Q NmOI V t0N(D co Mr r MOB N A m V m V d' m N Y Q LL 1 i f i I I I m N C W a m y O m f m m C N d J 6 m U D C U C m m' an x d d d J d c c m J m J m c m E m m 'Z 8 m E ¢ C c O ° m > w D c m > m J �•-m 0 _ lO m w u m m m i m c K m U'm �.... 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(n U - 0 O O O M M M M N N N N N p O O O O O O O O 6 1 I N N N N NI H N N N N N N N N M y Ip O QQQQIQQQ<Y GM Q JMMM Q mMM O'l OJ M M M CJ th CI l7 l7 M M M M M M C d a W ° o N W N Agenda Item No. 15 Page 13 of 26 C w O � Z d d W a' W 9 Y � 5LL LL A r C U V `m ° o00 a ew W Mn e m n. 0 m r 4 'U vi of 'LN 0 m Q W O O O (f O O O Q � y Dl F O a 6 O K a i i m Q In 1� r th m N f N N � Q T Z O O O O O O Y 0 0 0 0 O m N a LL W El L_ ~ 00 O F � m N 0 0 O a i i �o N > F W Q N p LL m N V to p G � a m N a W ` NpFNNN N�f U >a I I y O y � w K O LL LL C O N y C a N� v LL C O C F p c U LL n Z ° O ° ° o y o y o 0 o N LL M � M MM Agenda Item No. 15 Page 14 of 26 d A a w d H d J W W C 5' LL O N O y C u� Ol d a Agenda Item No. 15 Page 15 of 26 W p O 1p O ,pO000, O OOOO O O O e N Q O X00 O O •CIO O O 1000000N 00 F O O :O 10_ O O W• O OIO O O I ;JI O O O O N O N O O _ O O N O W O O m O O CJ I O m 0 O O O e O N O N N b O O N � �i � O m N Q O W c e N N iN ! 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W Z d> 6 p ry K y 1' d C d K d K d w d LL' d K d U d U d K �: o U o U NI y d (7 d U' Q d C o U "' U W O d K d K, W K O d iLL o U d K U 9 -- A; ~ O J O O O O O O O O N p p O W O 0 0 0 O O O O O O O O O O O�� 0 0 9191 0 O 0 O 0 O 0 O 0 O'O 0 0 0 0 � 0 0 0 0 0 W O (� 9 0 0 o N 0 N 0 N 0 N N N N N N N N M m m Q N N T m m (O m 9 m m m f0 m m r LL (Il m m mmm m O m 0 m 0 m 0 m 0 m 0 mmm 0 0 o m C m oO m m o0 m m 0 m o m O m o m 0 m 0 m 0 m 0 m m m m m m y M M M M M M M M M M M M M M M M M CJ M m M MM m m M M M M M M y Ol d a Agenda Item No. 15 Page 15 of 26 O ° Z y � d J aI W 'O gLL LL N O y M � V W Agenda Item No. 15 Page 16 of 26 O Of a ' M H a m I I N I ,' W ^ W mF O y 0 I I � OLL Q I i rc n i K O 0 m M 0 O Q s�t2 ^ N m p m p Q S M O p ~ M N N O N G m H Q I N I O O m I m O y Q O O O n W , C V J O O V V N o Z J N O O O V N V O O O^ {+ F N N � N e" V O) V N N N ^ } i LL F 7 V O N E LL Ip 2 p V E U' N W N I- LL y 'C Q N D �2 v°i y� N O M n C E LL W O N Z Z c iLL a LL li LL LL LL LL U �. LLLL li ~ Q w w w W N W N W N� W N U y_ v U F O d' = c c c c c _N °1 " c am _y O O O O O O r`r� O O C O°° C ti C N @ @ 12 J O O° O O O O O O° O O O O O O O O I W O m O C> M W x W KIr 0 Ip (j y_h... O 9 O N m 1� ^ N. C� M M O M • M M OJ ^ri..^ OJ C OJ C t ^ICI^P^ M t l O . Ol � M l I I Agenda Item No. 15 Page 16 of 26 O Of a N D 0 Ol m d Y a ❑ O 0 ? m ao W o W E N Y N y g d r LL m d ❑ j N m LL U c 6 ❑ D C N c a o00 0 0 on ° 0 ° 0 0 0 0 0 ° o ° o ¢ OI!)M W O Ism {p NO M M i[1 r tO Of O 1` m r h� N fM1 W N d d OIQM N m N M N N I mmN Ind W Q W[Om N N t0 t� W m 1A Q Z a I di v m � o m m 0 I r LL j0 O O O O O O Soo. O O a O O O O O O O O O O O O O d . to o J .= v rvi of m ai m e i d � O a` D m I I ❑ N m Q N W F Of M W Q W ~ ( t d' IWO r iQ W O O Y] N In IA O N W O) d W o M n LL y rnam o O M ovQ 0000 0 0 000 O O N 01n Y1 0000 N O O O W 'J V '- tO W O 10' W . N W N O> IN M M N O m Q W N tD W_ M Q! O a y m QI 1 D a mom O o M ono ai 000 0 0 ' D O O O O r O O O O N Q O Q Q O Q m O O O O Q N O N O W q N N N F 1� O M OJ ! 1 O I D oo0 0 0 0 oo0 0000 0 0 o00 0 0 0 000 0000 0 0 D N a W Q N N m O 1A Q N O In W �p m VI O I[l In r m N to 1` W N m� QI Dl LL d M b Q O Q A N N Q Q I M W Y WW NN 0 M N �M 1 mom m d O ¢ R Q Q N W W VI W N N W m M O I I sl o�N W Fo r o� v M Mmm ❑ ev v v o NIA vv vvv v r v 2 2 2 v NNN ml d d m ❑ >> m o d o E E E N d d z ! I I O y z0 U Z y Z y ! K~ K ! W N o O U?Z O g j0 U � `d C Q e O¢ LL OI 00,W w D I d -4 W R' W W 7 N Q W y W J LL . WOO d zDw a w a o Zzg L, .�WwZDE jo °�� k a oo yOz <a ¢ w 0 �ZjN� Z W �" ~ U U a U U [) U 0 w < a u W m a m 0 0 N m a Agenda Item No. 15 Page 17 of 26 a d D m C Y n d wm o� d o d E E °o w N J Y W m g �Y m LL W d O � m m IL U e O 9 LL R N D O�O W OOOO�TO N O N O tO O O a C]O�r�O W 10 QOOR ( 1Q Iq O m0>'V Or OQV I mM'ON W W 00 a `Om W ^Mv� W r. 0 V roN( U h0 M ( M N O r V' Z O 0] Q O f m I LL i V ! 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K NW s ZJZ U Z y W Q Z K W a U R r J Z y•• Z O O W M1' R Z U O _l U y O_ U W O r< J U W U Q W y O Z LL U' Z Z a W O y 1 Z w ¢ Q_ r r > i U U y W (9 r W O ZTT J ' LL J Z O W- W W W r � Z U W Z O< X Q¢ JJCC y J LL J J K W¢ W J w W w y¢ } W y W w' U W J y- W J 4- W y¢ W W W y OLL'�> W �. Z 2 N Z W W j�W r NU' UK Ow.' wJ Ii w Ii 0 W W y U r Y Q F O J JJJJ K2 J�`L¢ZyLL QZQ LL'LL'O.�FU�LLJWZr W x WyO IL Y. U U K r O 0 Q rQUQ ~ LL LL ' Z Q�4'R'_Y w N W Q r > f J Z y m 2 0 -< r W LL J W WU W W ?� J O O Z K p Z W W >_ Q W W Z W O U J w U> OOaxJ y y (� W O OJ w2 QWJw¢<<<<w x 3 ww�¢ Z. O KrOOOUWKKM�f/1 f/!O W �¢Uy U' 0¢ - -w aa�aJrr wO3ryrc U J J> J J - ¢. u rc x O p LL O : H M N m m nWO�NMP m O N lh P y m N O U 1? O A SbS UI R'� N1?t?C1 v 1 w O O O O O O O O O O O O O Z J Ct Ct Cj C� O O O O O Nw N N N N N N N N N O O O O O O O O O O O O O O O O O O O A O I� A O A O�O A A O n O O ^I O Q LL 3 U N N N N N N N N N N N N N N N N N N N N N N N N N O N N N N N N N N N A a W O O N W a Agenda Item No. 15 Page 19 of 26 W m � m O N ° Z � O H ;o W H W w Q � j J m _ LL O S m y » } m LL � 0 a] Agenda Item No. 15 Page 20 of 26 r N a OR a S o• S r oo e m • o • °O 4 a °i ° o Nm a gg ,T o I N y ' N 0 Q• ry • O• p'• e � �, n `D m �I o m CQ N N o 0 1� a� mI as °o o �I OOOOOIh ae a �I a �g - a g y r mO OIH OOOOO�OI e4y N H S O n � 0 �N � �• i N O Q r O O O N O W F O N,n N i�i ry N O 9, � V o e M Q r N W , � tO • ,O •I� 1m i Of N I F O? A 2 ` N Q l'] Q m I i M W W a �yymA W r (OoJ N A O nm O N N N R Of m m y �n yOy VVAO Yl yy'N_WN Iqo Or i p, rA_ z (ONOO�V WO, MM 1"A 1'1 m N T Q W w W J Y U• F J K a Q=om WOJFO J W W Q (n W LL V RR t ^ p N N LL # W LL F W ] FmW�d W M1' WH W 00000 G WF-JZ y Ow nwa- 0 0 w IzLLO 0• zzzzzz » » » J y wLLW z F y LL LL' 0 5 0 JdO 2 f 0W0 Z LLLLLLLLLLLL Q MW p.6 y y F -�w ZZW�g O �Z Q � 000000 1- FFFFI -jr j 6 J W LL W U W w >} O z SOW R' y y. W y. O Q O Q J O F y y Q y W O F F K J Q YI 1- O Q U W F K K K K K K y yLL. y,J W f� (� W > LL W OJ 0 w wwww > ( O J > W O N��JNNyNW W W W W W 410FWQU)Q Z Z Z Z Z Z r J Q Z z- Q LL W LL O g, O w O 0 a LL O U f LL . W F y LL y Q F W Z rc ��0rn a 0 r-a am'�oa�Q m?oow y����rr K Q y Q ateq M 0 u i ¢w ° ywmmrn� U' QIE m$ ° nn °O m ° ae ° ° ° ° . Gv y F ° m rnrn ° a I. t <v rnrn. Agenda Item No. 15 Page 20 of 26 r N a D C LL a_ W <.) K m 0 d y D d J � � gM �w 0 0 00 M 0 V 0 D t v O 0 N Q a0 o O oO onoo M a N O N O N O N N O :(] (9 v OO N t0 N N I i ' I, �, I 'o E p J O O O N O m , f M N N O i I o ' 0 m O } N I I LL a a LL I I N I i M O M j i O W• O NNO N O N M NM m 0 ! al Z N D C LL a_ W <.) K m 0 d y D d J � � gM �w 0 0 00 M 0 V 0 D t v O 0 N Q O a` Q 0 0 d c d a d m 0 E c a y p 0 y 0 0 0 p 0 0 C-, am 0 U :vi N ? 0 O Z a Q y [ C y O a' W C 0 E} EE . a p 0 U OO F~ 0 00 ... t@ 0 U'UO- SmKmUUJ� pMOOON�O A N Mlp Y1 'J N Of O W O OJ A A A O A O e a v a a a a v NN a v v 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 2 2 2 Z Z 2 2 2 Z Z - W W W W W W W W W W W W W 50 u.UaaJ t+l'M --, t �+ Vd�V OM N T a 2 2 ZZZ I m W W W W W O N Q7 N Agenda Item No. 15 Page 21 of 26 a0 o o oO o onoo o a N O N O N O N N O :(] W N O N N O Q I, I 'o E p J m O a` Q 0 0 d c d a d m 0 E c a y p 0 y 0 0 0 p 0 0 C-, am 0 U :vi N ? 0 O Z a Q y [ C y O a' W C 0 E} EE . a p 0 U OO F~ 0 00 ... t@ 0 U'UO- SmKmUUJ� pMOOON�O A N Mlp Y1 'J N Of O W O OJ A A A O A O e a v a a a a v NN a v v 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 2 2 2 Z Z 2 2 2 Z Z - W W W W W W W W W W W W W 50 u.UaaJ t+l'M --, t �+ Vd�V OM N T a 2 2 ZZZ I m W W W W W O N Q7 N Agenda Item No. 15 Page 21 of 26 CITY OF LADE LSI110RE � DREA City Council's Budget Guidelines for Fiscal Year 2009/2010 The City Council annually gives direction regarding the preparation of the next year's budget. This report lists the Proposed Budget Guidelines for Fiscal Year 2009/2010. As proposed, these guidelines are the standard by which the operating budget will be developed. These guidelines are structured to reflect City Council's goals and objectives and provide the framework in which the operating budget for all the City's entities in Fiscal Year 2009/2010 will be prepared. Fiscal Year 200912010 budget Guide lines Guideline: Budget proposals should be reflective of the City Council's Goals and Objectives. The budget should exhibit priorities established by the City Council in its Long -term Financial Planning. Guideline: The policies established with the adoption of the annual budget will be communicated to the community through the City Website and quarterly budget reports. Guideline: Proposed General Fund departmental budgets for Fiscal Year 2009/2010 will be set at a spending level that will be free from reliance upon non - recurring revenue sources or deficit spending. The City will not commit to spending more than a conservatively prepared estimate of recurring revenues. Departments must submit proposed budgets within these spending limitations. 1 Agenda Item No. 15 Page 22 of 26 City Council's Budget Guidelines for Fiscal Year 2009/2010 (continued) Guideline: Budgets will be prepared which adhere to a policy that emphasizes: • A fiscally balanced budget • An operationally balanced budget • Maintenance of an adequate reserve for emergencies • Development of locally controlled, new long- term recurring revenue streams Guideline: The City will maintain a minimum of a 10% (of adopted recurring appropriations) Undesignated General Fund Balance through June 30, 2010. This will ensure a General Fund reserve of approximately 3.5 million. Financial and service stability will continue to be the primary objective in developing the annual operating budget for Fiscal Year 2009/2010. Guideline: While the budget detail will be prepared for Fiscal Year 2009/2010, departmental budgets will include an analysis of the longer -range impacts (up to five years) of the Fiscal Year 200912010 budget on continued service levels. Guideline: The City's Five Year Capital Improvement Program (CIP) will be prepared on the same schedule as the review and adoption process of the City's Operating Budget. This will provide coordination of the two activities and facilitate project tracking. The portion of the Five Year CIP which relates to Fiscal Year 200912010 will be included in the operating budget. Guideline: The City's budget will contain a program commitment to actively pursue improved intergovernmental relations that include seeking financial assistance such as grants, relief from unfunded mandates, and assumption of a leadership role in regional and statewide organizations. 2 Agenda Item No. 15 Page 23 of 26 City Council's Budget Guidelines for Fiscal Year 2009/2010 (continued) Guideline: Reflect a commitment to the citizens and the business community by making it easy to access the Adopted Operating Budget, Comprehensive annual Financial Report, and Capital Improvement Budget documents along with corresponding quarterly reports through the City of Lake Elsinore's website. Guideline: Citizen participation is encouraged by providing an opportunity for public review and comment of the proposed budget. City Council's Top Priorities: 1. To achieve a balanced budget while minimizing the use of the Supplemental Revenue Reserve. 2. Maintaining the City's 10% Fund Balance Reserve of adopted recurring appropriations. This is critical to the ongoing stability of the City's finances. ic3 Agenda Item No. 15 Page 24 of 26 CITY OF LAKE ELSINORE BUDGET CALENDAR FISCAL YEAR 2009 -10 JANUARY 2009 • January 15, 2009: Budget Committee Meeting • January 23, 2009: Mid -Year FY 2008 -09 budget adjustments reviewed with the Departments. FEBRUARY 2009 • February 3, 2009: Mid -Year FY 2008 -09 budget adjustments prepared and distributed to City Council. • February 4, 2009: Mid -Year FY 2008 -09 Special Meeting to review City budget. • February 12, 2009: Budget Committee Meeting. • Development of budget guidelines for use in preparing FY 2009- 10 budgets. • February 24, 2009: Mid -Year Budget Adjustments presented to City Council for approval. • February 24,2009: FY 2009 -10 Budget guidelines presented to City Council for approval. MARCH 2009 • March 5, 2009: FY 2009 -10 Budget workshop with the City Manager, department directors and managers and key staff. • March 5, 2009: Distribution of FY 2009 -10 budget preparation instructions at budget workshop. • March 12, 2009: Budget Committee Meeting. • Departments to prepare FY 2009 -10 revenue estimates, budget request and proposed CIP project request. 1 Agenda Item No. 15 Page 25 of 26 APRIL 2009 • April 9, 2009: Budget Committee Meeting. • 3r Quarter FY 2008 -09 Budget Review. • FY 2009 -10 Revenue estimates submitted by departments to Finance. • FY 2009 -10 Revenue estimates compiled and analyzed by Finance. • FY 2009 -10 Budget request submitted by departments to Finance. • FY 2009 -10 Proposed CIP projects submitted to Finance. • FY 2009 -10 Proposed CIP projects reviewed and prepared for Director of Public Works review. • FY 2009 -10 Revenue estimates, budget requests and CIP projects analyzed and prepared for City Manager review with Department Directors, Managers and Director of Administrative Services. MAY 2009 • FY 2009 -10 Preliminary operating and CIP budgets prepared. • May 14, 2009: Study session with City Council to review FY 2009- 10 preliminary budgets for City, RDA, LLMD and CIP. • May 19, 2009: Preliminary CIP review with Planning Commission for General Plan compliance. • Prepare agenda reports and budget documents for FY 2009 -10 proposed operating budgets and CIP. JUNE 2009 • June 9, 2009: Present FY 2009 -10 Proposed Operating Budgets and Capital Improvement Plan projects to City Council for adoption. 2 Agenda Item No. 15 Page 26 of 26