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HomeMy WebLinkAboutCC Reso No 2020-004 Mid-Year Budget Status ReportRESOLUTION NO. 2020-004 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING THE FY 2019 -2020 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 1 st 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 AS FOLLOWS Section 1. The City of Lake Elsinore FY2019 -2020 Mid -Year Annual Operating Budget is hereby approved as amended for the 2019 -2020 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 at a regular meeting of the City Council of the City of Lake Elsinore, California, this 28th day of January 2020. Brian Istale Mayor Attest: Candice Alvarez, MMC City Clerk CC Reso. No. 2020 -004 Page 2 of 2 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF LAKE ELSINORE ) I, Candice Alvarez, MMC City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2020 -004 was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of January 28, 2020 and that the same was adopted by the following vote: AYES: Council Members Manos, Johnson, and Sheridan; Mayor Pro -Tem Magee; and Mayor Tisdale NOES: None ABSENT: None ABSTAIN: None Candice Alvarez; MC City Clerk CITY OF LAKE ELSINORE, CALIFORNIA SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE 2019 -20 MIDYEAR ANNUAL OPERATING BUDGET FY18 -19 ACTUALS FY19 -20 FY 19 -20 YTD FY19 -20 CURRENT ACTUALS@ MIDYEAR BUDGET 12/31/19 BUDGET Exhibit A to Resolution Inc /(Dec) % Inc/ (Dec) Revenues: 42,488,621 45,917,252 12,484,509 46,171,002 253,750 Expenditures by Department: Sales Tax 11,057,497 11,078,291 3,635,825 11,078,291 0.00% Property Tax 7,633,271 8,640,731 977,325 8,640,731 239,255 $ 0.00°/% Franchise Tax 2,537,975 2,580,900 522,752 2,580,900 136,990 0.00% Building Permit Fee 935,080 1,313,000 850,816 1,313,000 0.000/0 Property Transfer Tax 352,782 382,000 149,333 382,000 714,030 0.00% Other Taxes 592,836 605,010 193,137 605,010 0.00% Licenses & Permits 857,956 1,425,760 996,138 1,800,920 375,160 43.73% Intergovernmental 1,070,803 919,360 279,955 928,635 9,275 0.87% Fees 2,988,552 4,092,061 2,075,508 3,957,700 134,361) 4.50% Fines & Forfeitures 661,435 830,710 252,428 834,710 4,000 0.60% Tax Credit 2,870,714 3,155,210 822,677 3,171,580 16,370 0.57% Investment Earnings 538,371 212,010 135,850 212,010 6,700 0.00% Reimbursements & Other 4,719,365 4,625,049 1,416,589 4,394,695 230,354) 4.88% Special Assessments 4,569,983 4,727,460 4,941,120 213,660 4.68% Reimbursements - Public Safety 493,820 513,700 176,175 513,700 1,831,130 0.00% Reimbursements - Street Program 608,180 816,000 816,000 663,239 0.00% Total Revenues 42,488,621 45,917,252 12,484,509 46,171,002 253,750 Expenditures by Department: General Government: City Council 239,255 $ 221,510 125,958 227,010 $ 5,500 Community Support 75,798 136,990 48,446 136,990 City Treasurer City Clerk 559,101 714,030 216,433 714,030 City Attorney 498,100 508,800 103,089 508,800 City Manager 978,023 940,070 495,633 940,070 Administrative Services Finance 1,461,133 1,543,590 709,458 1,545,650 2,060 Human Resources 437,163 525,200 266,721 525,200 Public Safety: Police Services 12,599,999 14,369,910 3,258,425 14,375,010 5,100 Fire Services 6,982,112 7,706,730 1,884,998 7,713,430 6,700 Animal Services 648,334 760,020 455,213 754,550 5,470) Community Development: Planning 1,051,281 1,128,530 562,568 1,136,030 7,500 Building & Safety 1,610,979 1,831,130 698,400 1,831,130 Code Enforcement 1,381,888 1,423,100 663,239 1,423,100 Economic Development 273,988 297,930 161,499 297,930 Fire Prevention /Weed Abatement 425,284 771,370 184,184 771,370 Public Services: Engineering 2,316,474 2,355,650 943,478 2,355,650 Public Works 2,763,045 2,794,990 1,224,664 2,817,540 22,550 Park Maintenance 2,321,046 2,741,510 1,344,236 2,825,580 84,070 Lake Maintenance 1,291,997 1,294,030 924,916 1,296,130 2,100 Community Services: Recreation 672,772 766,710 369,136 766,710 Community Center 1,127,645 1,323,110 674,817 1,323,110 Senior Center 400,408 549,540 202,109 549,540 Neighborhood Center 556,940 8,674 556,940 Non- Departmental - Operating 2,035,302 1,269,400 295,498 1,269,400 Total Expenditures 42,151,127 46,530,790 15,821,792 46,660,900 130,110 Excess of Revenues Over (Under) Expenditures 337,494 613,538) 3,337,283) 489,898) 123,640 Operating Transfers: Operating Transfers in Operating Transfers out 31,824) 609,270) 609,270) Excess of Revenues Over (Under) Expenditures & Op Transfers In /(Out) 305,670 1,222,808) 3,337,283) 1,099,168) 123,640 Fund Balance, Beg. of Year 11,839,239 12,144,909 12,144,909 12,144,909 Fund Balance, End of Year 12,144,909 $ 10,922,101 8,807,625 11,045,741 2.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.14% 0.00% 0.04% 0.10% 0.84% 0.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.82% 3.62% 0.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.31% Exhibit A continued CITY WIDE ALL FUNDS SUMMARY FY2019 -20 Mid -Year Operating Budget COMMUNITY FACILITIES DISTRICTS 330 Ending Fund 88,448 Beginning Fund Revenues Appropriations Balance, 176,861 485,403 Balance, including including transfers 6/30/2020, As Fund Fund Name 7/1/2019 transfers in) out) Projected 100 GENERAL FUND 12,144,909 46,171,002 47,270,170 11,045,741 SPECIAL REVENUE AND CAPITAL PROJECTS FUNDS 268,617 175,665 444,282 336 101 SUPPLEMENTAL LAW ENFORCEMENT SERVICE 216,521 131,634 131,634 CFD 2016 -2 CANYON HILLS IMPROVEMENT 104 TRAFFIC OFFENDER 3,333,542 36,699 36,699 579,893 105 MISC. GENERAL PROJECTS 467,414 782,510 1,249,924 106 AFFORDABLE HOUSING DIF 4,135,113 50,000 43,660 4,141,453 107 DEVELOPER AGREEMENT DIF 521 33,000 33,521 109 ROAD MAINTENANCE AND REHABILITATION (SB1) 1,098,968 1,051,396 2,150,364 110 GAS TAX 23,098 1,658,273 1,681,371 111 TRANSPORTATION UNIFORM MITIGATON 757,079) 10,031,909 9,274,830 112 MEASUREA 1,879,061 1,471,000 3,350,061 113 SB821 PEDESTRIAN SIDEWALK 180,021 588,386 768,407 114 SB1186 CASp EDUCATION PROGRAM 16,154 10,000 15,849 10,305 115 TRAFFIC SAFETY 338,304 338,304 116 CITY HALL /PUBLIC WORKS FACILITIES DIF 65,910 70,000 135,910 117 COMMUNITY CENTER FACILITIES DIF 28,978 50,000 78,978 118 LAKESIDE FACILITIES DIF 60,922 60,000 120,922 119 ANIMAL SHELTER FACILITIES DIF 109 30,000 30,109 121 TOTAL ROAD IMPROVEMENT PROGRAM 17,228 495,538 512,766 130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 643,180 2,021,123 2,664,303 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST- NO. 1 729,880 645,769 1,375,649 140 GEOTHERMAL WELL 21,194 200 9,000 12,394 150 COMMUNITY DEVELOPMENT BLOCK GRANT 13,199) 940,400 927,201 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 27,639 1,084,910 1,112,549 160 PUBLIC EDUCATION GOVERNMENT GRANT 20,118 20,000 40,118 202 LA STRADA RBBD 203 ELSP - SUMMERLYTRAFFICINFRASTRUCTUREFEE 2,054,070 440,000 2,494,070 205 TRAFFIC IMPACT FEE 4,936,973 450,000 5,386,973 211 STORM DRAIN C.I.P. 415,021 100,000 515,021 220 STREET LIGHTING C.I.P. 2,500 2,500 221 QU I M BY ACT 66477 212,168 2,500 214,668 231 LIBRARY FACILITIES DIF 1,806,027 60,600 1,866,627 232 FIRE PROTECTION FACILITIES DIF 511 75,000 75,511 500 CAPITAL IMPROVEMENT PLAN 10,654,363 33,255,067 43,909,430 605 PUBLIC IMPROVEMENT IN -LIEU 103,815 17,000 120,815 606 AB2766 AIR POLUTION REDUCTION 329,166 35,000 364,166 617 HOUSING 44,612,789 430,000 880,000 44,162,789 630 LAKE WATER MANAGEMENT ESCROW 1,883,017 1,516,030 1,600,000 1,799,047 631 DESTRATIFICATION EQUIPMENT REPLACEMENT 395,788 283,200 383,200 295,788 INTERNAL SERVICES FUNDS 300 INSURANCE SERVICE 1,387,870 742,810 742,810 1,387,870 305 INFORMATION SYSTEMS SERVICE 451,875 1,198,810 1,197,540 453,145 310 SUPPORT SERVICE 37,567 102,480 99,760 40,287 315 FLEET SERVICE 290,330 733,820 1,024,150 320 FACILITIES SERVICE 698,456 590,360 618,590 670,226 COMMUNITY FACILITIES DISTRICTS 330 CFD 2015 -2S MAINTENANCE SERVICES 88,448 88,448 331 CFD 2006 -1 IA -CC SUMMERLY IMPROVEMENT 308,542 176,861 485,403 332 CFD 2006 -1 IA -B SUMMERLY IMPROVEMENT 415,972 178,729 594,701 333 CFD 2015 -4 TERRACINA IMPROVEMENT 10,500 10,500 334 CFD 2015 -5 TRIESTE IMPROVEMENT 226,942 164,013 390,955 335 CFD 2003 -2 IA -E CANYON HILLS IMPROVEMENT 268,617 175,665 444,282 336 CFD 2006 -1 IA -FF SUMMERLY IMPROVEMENT 402,883 216,521 619,404 337 CFD 2016 -2 CANYON HILLS IMPROVEMENT 2,233,542 1,100,000 3,333,542 338 CFD 2006 -1 IA -JJ SUMMERLY IMPROVEMENT 579,893 312,399 892,292 339 CFD 2006 -1 IA -KK SUMMERLY IMPROVEMENT 13,680 13,680 340 CFD 2006 -1 IA -EE SUMMERLY IMPROVEMENT 533,412 276,963 810,375 341 CFD 2017 -1S PUBLIC SAFETY SERVICES S,928 5,928 342 CFD 2007 -SS RED KITE SERVICES 14,688 14,688 Exhibit A continued CITY WIDE ALL FUNDS SUMMARY IFY2019 -20 Mid -Year Operating Budget Fund Fund Name 343 CFD 2006 -25 VISCAYA SERVICES 344 CFD 2005 -25 ALBERHILL RANCH SERVICES 345 CFD 2003 -2 IA -D CANYON HILLS IMPROVEMENT 346 CFD 2016 -1 SOUTHSHORE IMPROVEMENT 347 CFD 2006 -1 IA -A SUMMERLY IMPROVEMENT 350 CFD 98 -1 SUMMERHILL IMPROVEMENT 351 CFD 2006 -1 IA -II SUMMERLY IMPROVEMENT 354 CFD 90 -2 TUSCANY HILLS IMPROVEMENT 357 CFD 2003 -2 IA -A CANYON HILLS IMPROVEMENT 366 CFD 2005 -6 CITY CENTER TOWNHOMES IMPROVEMENT 367 CFD 2006 -15 SUMMERLY SERVICES 368 CFD 2006 -2 VISCAYA IMPROVEMENT 369 CFD 2004 -3 IA -1 ROSETTA CANYON IMPROVEMENT 371 CFD 2005 -1 SERENITY IMPROVEMENT 372 CFD 2005 -2 IA -A ALBERHILL RANCH IMPROVEMENT 373 CFD 2005 -55 WASSON CANYON SERVICES 374 CFD 2005 -4 LAKEVIEW VILLAS IMPROVEMENT 37S CFD 2006 -4 CLURMAN IMPROVEMENT 376 CFD 2006 -3 LA STRADA IMPROVEMENT 377 CFD 2006 -6 TESSARA IMPROVEMENT 378 CFD 2006 -8 RUNNING DEER ESTATES IMPROVEMENT 384 CFD 2003 -2 IA -B CANYON HILLS IMPROVEMENT 385 CFD 2004 -3 IA -2 ROSETTA CANYON IMPROVEMENT 386 CFD 2007 -4 MAKENNA COURT IMPROVEMENT 387 CFD 2007 -5 RED KITE IMPROVEMENT 388 CFD 2007 -6 HOLIDAY INN EXPRESS IMPROVEMENT 389 CFD 88 -3 WEST LAKE VILLAGES IMPROVEMENT 390 CFD 2003 -2 IA -C CANYON HILLS IMPROVEMENT 392 CFD 95 -1 CIVIC CENTER IMPROVEMENT 393 AD 93 -1 COTTONWOOD HILLS IMPROVEMENT 394 CFD 2005 -5 WASSON CANYON IMPROVEMENT 395 CFD 2018 -1 WASSON CANYON II IMPROVEMENT 396 CFD 2019 -2 NICHOLS RANCH IMPROVEMENT 397 CFD 2019 -1 WESTLAKE IMPROVEMENT 650 CFD 2003 -15 LAW,FIRE, PARAMEDIC SERVICES 651 CFD 2006 -55 PARK, OPEN SPACE, STORM DRAIN SERVICES 652 CFD 2007 -1S LAW,FIRE, PARAMEDIC SERVICES 653 CFD 2009 -15 PARK,OPEN SPACE,STREET LIGHT SERVICES 654 CFD 2003 -25 FIRE TAX SERVICES 655 CFD 2015 -15 LAW, FIRE, PARAMEDIC SERVICES SPECIAL FINANCING DISTRICTS 602 LE RECREATION AUTHORITY 2013 400 LE FACILITIES FINANCING AUTHORITY 2016 A 402 LEFFA 2017 LOCAL OBLIGATION BONDS SUCCESSOR AGENCY FUNDS 510 SARDA AREA I, II, & III 540 SARDA DIAMOND STADIUM TRUST FUNDS 603 PUBLIC - PURPOSE TRUST- CARL GRAVES 604 ENDOWMENT TRUST - ADOLPH KORN MEMORIAL Totals 182,613 182,613 Ending Fund Beginning Fund Revenues Appropriations Balance, Balance, including including transfers 6/30/2020, As 7/1/2019 transfers in) out) Projected 47,461,286) 53,642 53,642 44,044,661) 181,049 181,049 2,940,663 1,821,664 4,762,327 5,269 200 5,269 572,587 241,260 813,847 34,017,146 2,282,272 1,150,554 3,432,826 710 710 913,951 1,577,242 2,491,193 1,780,151 911,964 2,692,115 418,742 250,714 669,456 381,564 381,564 813,515 479,044 1,292,559 2,925,613 1,607,412 4,533,025 1,217,562 685,193 1,902,755 2,838,372 1,505,000 4,343,372 60,667 60,667 8,373 10,500 18,873 12,851 10,500 23,351 6,491 10,500 16,991 8,504 10,500 19,004 9,642 10,500 20,142 2,992,007 1,851,332 4,843,339 3,030,958 1,783,762 4,814,720 293,635 183,235 476,870 164,492 134,592 299,084 15,865 6,217 22,082 3,378,085 2,504,669 5,882,754 2,192,212 798,779 2,990,991 248,094 165,432 413,526 3,027,840 1,509,278 4,537,118 515,138 281,562 796,700 138 10,500 10,638 2,206 2,206 1,988 1,988 3,045,615 3,045,615 110,480 110,480 110,527 110,527 705,899 705,899 182,613 182,613 1,222,755 1,119,225 103,530 9,921,259 557,775 557,775 9,921,259 4,484,555 466,582 4,017,973 47,461,286) 7,818,010 4,401,385 44,044,661) 2,975,701 2,975,701 54,265 3,000 57,265 32,760 200 32,960 99,877,684 143,264,571 $ 209,125,109 34,017,146