HomeMy WebLinkAboutCC Reso No 2017-005 FY 2016017 Annual Operating BudgetRESOLUTION NO. 2017-005
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, AMENDING THE FY 2016 -17 ANNUAL OPERATING BUDGET FOR
MID -YEAR ADJUSTMENTS
Whereas, the City Council has a policy of adopting an annual operating budget to plan expenditures
and to match anticipated revenues available in various City accounts in order to make the most
efficient use of the City's limited resources for each fiscal year; and,
Whereas, the City of Lake Elsinore Municipal Code Section 3.04.010 defines the fiscal year for the
City of Lake Elsinore as extending from July 1st of each year to and including June 30th of the
following year.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA,
DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. The City of Lake Elsinore FY2016 -17 Mid -Year Annual Operating Budget is hereby
approved as amended for the 2016 -17 fiscal year per attached Exhibit A.
Section 2. This Resolution shall take effect from and after the date of its passage and adoption.
Passed and Adopted on this 24th day of January,
ATTEST:
sin M. Domen, MMC
City Clerk
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
rt E.'Magee, K
I, Susan M. Domen, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that
Resolution No. 2017 -005 was adopted by the City Council of the City of Lake Elsinore, California,
at the Regular meeting of January 24, 2017, and that the same was adopted by the following vote:
AYES: Council Members Hickman, Manos and Tisdale; Mayor Pro Tern Johnson and Mayor Magee
NOES: None
ABSENT: None
ABSTAIN: None
Susan M. Domen, MMC
City Clerk
CITY OF LAKE ELSINORE, CALIFORNIA
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE
' 2016 -17 MIDYEAR ANNUAL OPERATING BUDGET
FY 16 -17 FY 16 -17
FY 14 -15 FY 15 -16 CURRENT MIDYEAR %
ACTUALS ACTUALS BUDGET BUDGET $ Inc /(Dec) Inc /(Dec)
Revenues:
Sales Tax
$
8,572,066
$
9,939,637
$
9,720,300
$
9,720,300
$
0.00%
Property Tax
6,221,584
6,523,663
7,068,582
7,068,582
-
0.00%
Franchise Tax
2,389,413
2,423,707
2,712,101
2,650,200
(61,901)
-2.28%
Building Permit Fee
1,496,211
1,953,331
2,000,000
2,275,000
275,000
13.75%
Property Transfer Tax
292,324
327,367
302,656
327,656
25,000
8.26%
Transient Occupancy Tax
451,490
487,423
330,000
480,000
150,000
45.45%
Other Licenses & Permits
823,567
1,738,911
1,054,211
1,280,561
226,350
21.47%
Intergovernmental
157,077
151,526
86,500
89,500
3,000
3.47%
Fees
3,609,823
3,569,065
3,540,768
3,539,187
(1,581)
-0.04%
Fines and Forfeitures
566,983
546,861
510,450
555,600
45,150
8.85%
Fire Service Tax Credit
2,193,315
2,288,085
2,478,981
2,478,981
-
0.00%
Investment Earnings
156,420
231,526
105,000
105,000
0.00%
Reimbursements and Other
4,250,470
4,151,929
5,799,289
5,843,337
44,048
0.76%
Special Assessments
3,636,515
3,791,923
3,870,804
3,598,979
(271,825)
-7.02%
Traffic Safety, Offender & Enforcement
569,291
564,024
705,500
734,510
29,010
4.11%
Reimbursements for Street Program
1,730,669
798,500
798,500
798,500
-
0.00%
Total Revenues
$
37,117,218
$
39,487,480
$
41,083,642
$
41,545,893
$ 462,251
1.13%
Expenditures by Department:
General Government:
City Council
$
276,871
$
306,828
$
233,864
$
233,864
$
0.00%
Community Support
-
33,534
89,200
89,200
0.00%
City Treasurer
-
-
-
-
0.00%
City Clerk
391,313
432,681
603,973
603,973
0.00%
City Attorney
431,103
587,691
500,000
500,000
0.00%
City Manager
461,453
592,447
758,121
758,121
0.00%
Administrative Services
Finance
1,035,529
1,355,936
1,736,024
1,736,024
0.00%
Human Resources
236,463
307,684
293,185
293,185
0.00%
Public Safety:
Police Services
10,830,422
11,462,439
12,431,410
12,431,410
0.00%
Fire Services
7,190,361
6,913,288
7,597,637
7,597,637
0.00%
Animal Services
788,635
804,184
839,200
839,200
0.00%
Community Development:
Planning
930,492
1,176,424
1,243,418
1,243,418
0.00%
Economic Development
204,559
373,533
440,896
440,896
0.00%
Building & Safety/Fire Prevention
1,057,782
1,361,712
1,711,526
1,722,026
10,500
0.61%
Code Enforcement /Graffiti
556,456
624,055
745,926
745,926
0.00%
Public Services:
Engineering
1,838,447
2,082,484
1,799,224
1,799,224
-
0.00%
Public Works /Weed Abatement
1,436,557
1,741,231
2,467,668
2,567,218
99,550
4.03%
Park Maintenance
1,394,701
1,590,228
2,041,631
2,041,631
-
0.00%
Lake Maintenance
1,317,837
1,498,080
1,376,069
1,376,069
0.00%
Community Services:
Recreation
714,603
692,706
926,806
926,806
0.00%
Community Center
457,542
610,588
834,773
929,773
95,000
11.38%
Senior Center
165,191
246,965
301,844
301,844
-
0.00%
Campground
34,017
410,502
337,630
482,630
145,000
42.95%
Internal Service:
Insurance
434,974
-
0.00%
Information Systems
584,010
0.00%
Support Services
5,992
0.00%
Fleet
383,293
-
0.00%
Facility Maintenance
236,290
-
-
0.00%
Non - Departmental - Operating
2,796,940
2,801,932
2,678,260
2,698,592
20,332
0.76%
Total Expenditures
$
36,191,836
$
38,007,153
$
41,988,285
$
42,358,667
$ 370,382
0.88%
Excess of Revenues Over (Under)
Expenditures
925,381
1,480,327
(904,643)
(812,774)
91,869
Operating Transfers In
-
-
80,885
80,885
-
Operating Transfers out
(186,4€39 )
(1,056,361j_
(2601000
(260,000
Excess of Revenues Over (Under)
Expenditures & Op Transfers In /(Out)
738,892
423,966
(1,083,758)
(991,889)
91,869
Fund Balance, Beg. of Year
11,232,051
11,970,943
12,394,909
12,394,909
Fund Balance, End of Year
$
11,970,943
$
12,394,909
$
11,311,151
$
11,403,020
(:7)CITY OF LAKE ELSINORE, CALIFORNIA
SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE
' 2016 -17 MIDYEAR ANNUAL OPERATING BUDGET
FY 16 -17 FY 16 -17
FY 14 -15 FY 15 -16 CURRENT MIDYEAR %
ACTUALS ACTUALS BUDGET BUDGET $ Inc /(Dec) Inc /(Dec)
Detail of Fund Balance
Nonspendable:
Deposits and prepaid items
Loans Receivable
Assigned
Uncertainty reserve (17.5 %)
Unassigned
Unallocated reserve
Total Fund Balance (net)
16,468 $ 29,015 $ 25,000 $ 25,000
1,000,000 1,000,000 1,000,000 1,000,0W
6,366,207 6,836,115 7,393,450 7,458,267
4,588,268 4,529,780 2,892,702 2,919,754
$ 11,970,943 $ ,12,394,909 $ 11,311,151 $ 11,403,020