HomeMy WebLinkAboutItem No.22CITY OF LAKE ELSINORE
REPORT TO CITY COUNCIL
TO: MAYOR 8 CITY COUNCIL
FROM:. RON'NOLENDYK, CITY.XANAGER.
DATE: July 13, 1993
SUBJECT: Resolution NO. 93- 31eAdoption of the
Fiscal Year 1993 -94 Budget
Each year the City Manager presents to the City Council and
respective boards a budget with the financial plan and projects for
the fiscal year.
DIscussion
This year's budget is balanced and presents a fiscal plan in line
with the current economy.
It is important to note that the State is again looking at
traditional revenue sources to balance its own budget. The budget
reflects an additional $108,000.00 to be transferred to the State.
This amount could increase an additional $325,000 for Fiscal Year
1994 -95. Also we have isolated one time revenue-in the amount of
$500,000, see attached Exhibit A.
FISCAL IMPACT
Projected budgets presented are as follows and compared to the
previous year:
DESCRIPTION
F/Y 1992 -93 F/Y 1993 -94 % OF CHANGE
General Fund
$ 8,770,000
$9,000,300
2.6%
LLMD
985,000
1,015,500
3.1%
Cap. Projects
1,2481000
1,393,900
11.7%
Lake Ent. Fund
- --
1,689,900
- --
The Cityfs General Fund
will also increase development
fees to
cover the appropriation
of the GIS
system in the amount of
$250,000.00.
1. Following the Public Hearing, adopt Resolution No. 93-%
approving the Fiscal Year 1993 -94 budget, and authorize the
transfer of Drainage funds to cover the costs of the 1993
flood damage until FEMA funds are collected.
2. Consider one time funding allocation not to exceed $500,000 or
continue to a later date.
PREPARED
APPROVED
AGENDA
AGENDA ITEM NO. a : '
PAGE OF 3
RESOLUTION NO. 93 - NP
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING AND
ADOPTING THE BUDGET FOR FISCAL YEAR 1993 -94 AND
APPROPRIATING THE FUNDS NECESSARY TO MEET THE
EXPENDITURES SET FORTH THEREIN
WHEREAS, the City Manager has submitted to the City Council of
the City of Lake Elsinore a budget for Fiscal Year 1993 -94, having
proposed expenditures for the General Fund in the amount of
$9,000,300 and an additional appropriation of $250,000, for the GIS
Systems; and
WHEREAS, the City Manager has submitted to the City Council of
the City of Lake Elsinore a budget for Fiscal Year 1993 -94, having
proposed expenditures for the Lighting and Landscape Maintenance
District Fund in the amount of $1,015,500 and a budget for the new
Lake Enterprise Fund of $1,689,900; and
WHEREAS, the City Manager has submitted to the City Council of
the City of Lake Elsinore a budget for Fiscal Year 1993 -94 having
proposed expenditures for Capital Improvements and restricted funds
in the amount of $1,393,900; and
NOW, THEREFORE, the City Council of the City of Lake Elsinore,
California, does hereby find, determine and declare that the budget
for Fiscal Year 1993 -94 is hereby PASSED, APPROVED AND ADOPTED THIS
13th day of July, 1993, by.the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTAIN: COUNCILMEMBERS:
ATTEST:
VICKI LYNNE KASAD, CITY CLERK
APPROVED AS TO FORM AND LEGALITY:
JOHN R. HARPER, CITY ATTORNEY
GARY M. WASHBURN, MAYOR
AGENDA ITEf�: NO �713L
PAOE a OF 3
EXHIBIT A
The following
represents previous discussions regarding the
potential one
time revenue of $500,000 to the City. These
monies
are available
from a combination of Assessment District 93 -1,
Booking Fees and
other negotiations.
The uses for these funds proposed on June 3, 1993 were:
1)
Contract Senior Planner
$108,000
2)
City Facilities - New Carpet, Paint,etc.
20,000
3)
Additional training /Planning Commission
3,000
4)
Upgrade /New Computers & Software
50,000
5)
Charity Groups
15,000
6)
Police - Additional Overtime
70,000
7)
Consultant - Housing Programs (Grants)
50,000
-Rehabilitation — Methodist Church
184.000
$500,000
During the budget
study sessions, the following other possible uses
were identified by the Council.
1)
Nashland Property Acquisition
500,000
2)
Law Enforcement - CSO's /Private Security
175,000
3)
Kids on Track (After School Program)
76,000
4)
Century Perimeter Fencing
15,000
5)
Western Classic Productions
42,000
6)
Chamber of Commerce
195.000
1,003,000
Grand Total Considerations
1.503.000
AGENDA ITEM NO. ) 2-
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