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HomeMy WebLinkAbout2021-020 Mid-Year Budget Adjustment RESOLUTIONNO.2021-20 A RESOLUTION OFTHE CITY COUNCIL OFTHE CITY OFLAKE ELSINORE, CALIFORNIA,AMENDINGTHEFISCAL YEAR 2020-21ANNUALOPERATING BUDGETFORMID-YEARADJUSTMENTS Whereas,theCityCouncilhasapolicyofadoptinganannualoperatingbudgettoplan expendituresandtomatchanticipatedrevenuesavailableinvariousCityaccountstomakethe mostefficientuseoftheCity’slimitedresourcesforeachfiscalyear;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,THECITYCOUNCILOFTHECITYOFLAKEELSINORE,CALIFORNIA, DOESHEREBYRESOLVEASFOLLOWS: Section1.TheCityofLakeElsinoreFY2020-2021Mid-YearAnnualOperatingBudget isherebyapprovedasamendedforthe2020-2021fiscalyearperattachedExhibitA. Section2.ThisResolutionshalltake effectfromandafterthedateofitspassageand adoption. Passed and Adoptedat a regular meeting of the City Council of the City of Lake Elsinore, th California, this 9day of February 2021. Robert E. Magee Mayor Attest: Candice Alvarez, MMC City Clerk CC Reso. No. 2021-20 Page 2of 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. 2021-20was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of February 9, 2021 and that the same was adopted by the following vote: AYES:Council Members Tisdale, Johnson, and Manos; Mayor Pro Tem Sheridan; and Mayor Magee NOES:None ABSENT:None ABSTAIN:None Candice Alvarez, MMC City Clerk EXHIBIT A TO RESOLUTION CITY OF LAKE ELSINORE, CALIFORNIA SUMMARY OF REVENUES, EXPENDITURES, AND CHANGE IN FUND BALANCE 2020-21 MIDYEAR ANNUAL OPERATING BUDGET FY20-21 FY20-21 YTD FY20-21 FY19-20 CURRENT ACTUALS @ MIDYEAR % Inc/ ACTUALSBUDGET12/31/20BUDGET$Inc/(Dec)(Dec) Revenues: Sales Tax$ 10,896,995$ 9,972,320$ 4,380,508$ 11,810,320$ 1,838,00016.87% Property Tax 8,661,875 9,027,100 1,013,262 9,146,100 119,0001.37% Franchise Tax 2,575,865 2,541,000 147,050 2,537,000 (4,000)-0.16% Building Permit Fee 1,308,675 1,152,290 903,445 1,592,290 440,00033.62% Property Transfer Tax 328,668 393,460 196,585 393,460 - 0.00% Other Taxes 665,307 623,170 204,814 423,170 (200,000)-30.06% Licenses & Permits 1,639,414 1,846,790 1,560,463 2,136,790 290,00017.69% Intergovernmental 882,566 891,020 39,841 891,020 - 0.00% Fees 3,611,022 3,245,230 1,550,847 2,900,580 (344,650)-9.54% Fines & Forfeitures 576,144 696,990 179,633 446,990 (250,000)-43.39% Tax Credit 3,225,505 3,414,300 31,450 3,414,300 - 0.00% Investment Earnings 537,824 218,370 10,003 218,370 -0.00% Reimbursements & Other 2,698,415 4,036,290 1,376,754 3,915,550 (120,740)-4.47% Special Assessments 4,817,736 5,085,700 - 5,085,700 - 0.00% Reimbursements - Public Safety 397,331 518,830 144,563 518,830 - 0.00% Reimbursements - Street Program 890,482 702,280 - 702,280 - 0.00% Total Revenues 43,713,824 44,365,140 11,739,218 46,132,750 1,767,6104.04% Expenditures by Department: General Government: City Council$ 205,916$ 221,350$ 133,644$ 221,350$ -0.00% Community Support 125,032 134,330 40,603 183,080 48,75038.99% City Treasurer - - - - - 0.00% City Clerk 492,990 668,340 247,675 668,340 -0.00% City Attorney 604,449 509,940 255,197 509,940 -0.00% City Manager 1,012,966 952,320 542,152 1,054,450 102,13010.08% Administrative Services Finance 1,436,662 1,531,420 718,785 1,531,420 -0.00% Human Resources 490,406 480,900 222,214 480,900 -0.00% Public Safety: Police Services 13,087,713 14,538,480 4,047,508 14,538,480 -0.00% Fire Services 7,392,206 7,711,430 57,812 7,711,430 -0.00% Animal Services 750,391 754,550 332,284 754,550 -0.00% Community Development: Planning 1,074,763 1,490,520 548,377 1,551,440 60,9205.67% Building & Safety 1,489,195 1,687,490 779,579 1,687,490 - 0.00% Code Enforcement 1,329,781 1,329,780 639,775 1,329,780 - 0.00% Economic Development 285,188 264,680 106,075 264,680 - 0.00% Fire Prevention 520,913 700,678 136,725 700,678 - 0.00% Public Services: Engineering 2,031,887 2,467,150 932,522 2,627,982 160,8327.92% Public Works 2,817,411 3,039,920 1,476,053 3,039,920 - 0.00% Park Maintenance 2,596,273 2,916,320 1,116,597 2,916,320 - 0.00% Lake Maintenance 1,168,372 1,263,330 928,474 1,263,330 - 0.00% Community Services: Recreation 759,512 979,610 443,803 979,610 - 0.00% Community Center 1,139,557 1,087,990 355,797 1,087,990 - 0.00% Senior Center 450,810 539,750 231,346 539,750 - 0.00% Neighborhood Center 45,135 465,480 94,483 314,750 (150,730)-333.95% Campground - - - - - 0.00% Non-Departmental - Operating 2,492,335 1,972,730 1,039,345 2,165,810 193,0807.75% Total Expenditures 43,799,863 47,708,488 15,426,825 48,123,470 414,9820.95% Excess of Revenues Over (Under) Expenditures (86,039) (3,343,348) (3,687,607) (1,990,720) 1,352,628 Operating Transfers: Operating Transfers In - - - - - Operating Transfers out - - - - - Excess of Revenues Over (Under) Expenditures & Op Transfers In/(Out) (86,039) (3,343,348) (3,687,607) (1,990,720) 1,352,628 Estimated Year-End Adjustments Fund Balance, Beg. of Year 12,144,909 12,058,871 12,058,871 12,058,871 Fund Balance, End of Year$ 12,058,871$ 8,715,523$ 8,371,264$ 10,068,151 EXHIBIT A CONTINUED CITY WIDE ALL FUNDS SUMMARY FY2020-21 MID-YEAR OPERATING BUDGET NET PROJECTED BEGINNING FUND TRANSFERS ENDING FUND BALANCE REVENUESAPPROPRIATIONSIN/(OUT)BALANCE FY2020-21 ADOPTED OPERATING BUDGETS Fund:001 GENERAL FUND 12,058,871 46,132,750 48,123,470 - 10,068,151 Fund: 101 SUPPLEMENTAL LAW ENF. (SLESF) - 155,580 155,580 - - Fund: 104 TRAFFIC OFFENDER FUND - 32,800 32,800 - - Fund: 106 AFFORDABLE HOUSING IN-LIEU 4,225,878 381,000 55,680 155,000 4,706,198 Fund: 107 DEVELOPER AGREEMENT 62,112 47,000 89,148 - 19,964 Fund: 110 STATE GAS TAX FUND (OPER & CIP) (2,176) 1,467,953 1,463,777 - 2,000 Fund: 114 SB1186 CAS EDUCATION FUND 25,629 12,960 - - 38,589 Fund: 115 TRAFFIC SAFETY FUND - 330,450 330,450 - - Fund: 130 CITY-WIDE LLMD FUND 180,598 2,932,410 2,061,540 - 1,051,468 Fund: 135 LLMD NO. 1 1,254,946 713,910 591,720 - 1,377,136 Fund: 155 NPDES (70) 704,000 703,930 - - Fund: 180 LAUNCH POINTE 16,614,765 2,815,080 3,608,210 - 15,821,635 Fund: 300 INSURANCE SERVICES 1,397,068 756,750 760,820 - 1,392,998 Fund: 305 INFORMATION SYSTEMS SERVICES (271,096) 1,547,790 1,557,100 - (280,406) Fund: 310 SUPORT SERVICES 109,120 104,060 - 26,055 20,995 Fund: 315 FLEET SERVICES (614,548) 875,240 1,069,340 - (808,648) Fund: 320 FACILITIES SERVICES 329,740 592,890 630,140 - 292,490 Fund: 330 CFD 2015-2S MAINTENANCE SERVICES FUND - 105,644 - 109,190 3,546 Fund: 341 CFD 2017-1S MISSION TRAIL SERVICES FUND - 8,760 - 8,760 - Fund: 342 CFD 2007-5S RED KITE SERVICES FUND - 14,980 14,980 - - Fund: 343 CFD 2006-2S VISCAYA SERVICES FUND - 54,970 54,720 - 250 Fund: 344 CFD 2005-2S ALBERHILL RANCH SERVICES FUND - 185,670 184,670 - 1,000 Fund: 358 CFD 2007-4S MAKENNA SERVICES FUND - 27,180 27,030 - 150 Fund: 367 CFD 2006-1S SUMMERLY SERVICE FUND - 390,190 389,190 - 1,000 Fund: 373 CFD 2005-5S WASSON CANYON SERVICES FUND - 61,910 61,880 - 30 Fund: 650 CFD 2003-1S LAW, FIRE & PARAMEDIC SERVICES FUND - 3,114,110 3,114,100 - 10 Fund: 651 CFD 2006-5S PARK, OPEN SPACE & STORM DRAIN SERVICES FUND - 112,790 112,690 - 100 Fund: 652 CFD 2007-1S LAW, FIRE & PARAMEDIC SERVICES FUND - 112,740 112,740 - - Fund: 653 CFD 2009-1S PARK, OPEN SPACE & STREET LIGHT SERVICES FUND - 2,500 - 722,510 720,010 Fund: 654 CFD 2003-2S FIRE TAX SERVICES FUND - - - - - Fund: 655 CFD 2015-1S LAW, FIRE & PARAMEDIC SERVICES FUND - 190,920 189,920 - 1,000 35,282,712 64,713,603 66,434,099 155,000 33,717,216 OPERATING BUDGET SUBTOTALS FY2020-21 ADOPTED AD/CFD/LERA/PFA BUDGETS Fund: 331 CFD 2006-1 IA CC SUMMERLY IMPROVEMENT FUND 289,797 176,861 140,000 - 326,658 Fund: 332 CFD 2006-1 IA B SUMMERLY IMPROVEMENT FUND 401,857 178,729 164,720 - 415,866 Fund: 333 CFD 2015-4 TERRACINA IMPROVEMENT FUND - 10,500 10,500 - - Fund: 334 CFD 2015-5 TRIESTE IMPROVEMENT FUND 217,777 164,013 164,644 - 217,146 Fund: 335 CFD 2003-2 IA E CANYON HILLS IMPROVEMENT FUND 171,219 175,665 177,413 - 169,471 Fund: 336 CFD 2006-1 IA FF SUMMERLY IMPROVEMENT FUND 394,546 216,521 220,850 - 390,217 Fund: 337 CFD 2016-2 CANYON HILLS IMPROVEMENT FUND 2,253,148 1,100,000 1,114,180 - 2,238,968 Fund: 338 CFD 2006-1 IA JJ SUMMERLY IMPROVEMENT FUND 587,877 285,673 316,300 - 557,250 Fund: 339 CFD 2006-1 IA KK SUMMERLY IMPROVEMENT FUND - 33,318 15,100 - 18,218 Fund: 340 CFD 2006-1 IA EE SUMMERLY IMPROVEMENT FUND 524,122 276,963 282,500 - 518,585 Fund: 345 CFD 2003-2 IA D CANYON HILLS IMPROVEMENT FUND 2,917,296 2,953,732 1,821,664 1,858,100 - Fund: 346 CFD 2014-1 SOUTHSHORE IMPROVEMENT FUND 7,931 - - - 7,931 Fund: 347 CFD 2006-1 IA A SUMMERLY IMPROVEMENT FUND 534,311 241,260 246,090 - 529,481 Fund: 350 CFD 98-1 SUMMERHILL IMPROVEMENT FUND 2,234,798 1,150,554 1,150,550 - 2,234,802 Fund: 351 CFD 2006-1 IA II SUMMERLY IMPROVEMENT FUND 946 220,750 20,000 - 201,696 Fund: 354 CFD 90-2 TUSCANY HILLS IMPROVEMENT FUND 1,010,607 1,577,242 1,507,770 - 1,080,079 Fund: 357 CFD 2003-02 IA A CANYON HILL IMPROVEMENT FUND 1,774,681 911,964 930,200 - 1,756,445 Fund: 366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT FUND 338,300 250,714 255,730 - 333,284 Fund: 368 CFD 2006-2 VISCAYA IMPROVEMENT FUND 718,715 479,044 494,520 - 703,239 Fund: 369 CFD 2004-3 IA 1 ROSETTA CANYON IMPROVEMENT FUND 2,708,410 1,607,412 1,645,000 - 2,670,822 Fund: 370 CFD 2006-1 IA HH SUMMERLY IMPROVEMENT FUND 603,698 282,854 281,400 - 605,152 Fund: 371 CFD 2005-1 SERENITY IMPROVEMENT FUND 1,049,583 685,193 685,190 - 1,049,586 Fund: 372 CFD 2005-2 IA A ALBERHILL RANCH IMPROVEMENT FUND 2,723,730 1,505,000 1,535,100 - 2,693,630 Fund: 374 CFD 2005-4 LAKE VIEW VILLAS IMPROVEMENT FUND - 10,500 10,500 - - Fund: 375 CFD 2006-4 CLURMAN FUND - 10,500 10,500 - - Fund: 376 CFD 2006-3 LA STRADA IMPROVEMENT FUND 36,528 10,500 10,500 - 36,528 Fund: 377 CFD 2006-6 TESSARA IMPROVEMENT FUND 29,219 10,500 10,500 - 29,219 Fund: 378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT FUND 9,963 10,500 10,500 - 9,963 Fund: 384 CFD 2003-2 IA B CANYON HILLS IMPROVEMENT FUND 2,989,506 1,851,332 1,888,350 - 2,952,488 Fund: 385 CFD 2004-3 IA 2 ROSETTA CANYON IMPROVEMENT FUND 2,923,570 1,783,762 1,819,440 - 2,887,892 Fund: 386 CFD 2007-4 MAKENNA COURT IMPROVEMENT FUND 268,590 183,235 186,900 - 264,925 Fund: 387 CFD 2007-5 RED KITE IMPROVEMENT FUND 156,718 134,592 134,590 - 156,720 Fund: 388 CFD 2007-6 HOLIDAY INN EXPRESS IMPROVEMENT FUND 7,218 6,217 6,340 7,095 Fund: 389 CFD 88-3 WEST LAKE VILLAGES IMPROVEMENT FUND 2,302,745 2,504,669 2,360,860 - 2,446,554 Fund: 390 CFD 2003-2 IA C CANYON HILLS IMPROVEMENT FUND 2,154,372 798,779 818,750 - 2,134,401 Fund: 392 CFD 95-1 CIVIC CENTER IMPROVEMENT FUND 195,868 165,432 165,430 - 195,870 Fund: 393 CFD 93-1 COTTONWOOD HILLS IMPROVEMENT FUND 2,781,111 1,509,278 1,508,310 - 2,782,079 Fund: 394 CFD 2005-5 WASSON CANYON IMPROVEMENT FUND 565,439 281,562 287,190 - 559,811 Fund: 395 CFD 2018-1 WASSON CANYON II IMPROVEMENT FUND 4,398 10,500 10,500 - 4,398 EXHIBIT A CONTINUED CITY WIDE ALL FUNDS SUMMARY FY2020-21 MID-YEAR OPERATING BUDGET NET PROJECTED BEGINNING FUND TRANSFERS ENDING FUND BALANCE REVENUESAPPROPRIATIONSIN/(OUT)BALANCE Fund: 396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT FUND 3,104 10,500 - - 13,604 Fund: 397 CFD 2019-1 WESTLAKE IMPROVEMENT FUND - 10,500 - - 10,500 Fund: 400 LE FINANCING AUTHORITY FUND 9,663,329 557,775 561,220 - 9,659,884 Fund: 402 LEFFA 2017 LOCAL OBLIGATION BONDS FUND 4,363,921 - 290,550 - 4,073,371 Fund: 510 SARDA AREA I, II, III FUNDS (33,879,469) 7,818,010 9,248,940 - (35,310,399) Fund: 602 LE RECREATION AUTHORITY FUND 112,250 1,135,100 1,125,900 - 121,450 Fund: 603 PUBLIC PURPOSE TRUST - CARL GRAVES FUND 57,406 3,000 - - 60,406 Fund: 604 ENDOWMENT TRUST - ADOLPH KORN FUND 34,076 200 - - 34,276 Fund: 617 SARDA HOUSING FUND 45,097,745 120,000 505,000 2,255,171 46,967,916 Fund: 630 LAKE WATER MANAGEMENT ESCROW FUND 2,257,196 1,516,030 1,600,000 - 2,173,226 Fund: 631 DESTRATIFICATION EQUIPMENT REPLACEMENT FUND 439,772 283,200 233,200 (150,000) 339,772 Fund: 725 LEPFA 2010 SERIES A FUND 669 - - - 669 Fund: 726 LEPFA 2010 SERIES B FUND 278 - - - 278 Fund: 727 LEPFA 2010 SERIES C FUND 18,905,350 - 2,195,610 - 16,709,740 Fund: 732 LEPFA 2012 SERIES B FUND 10,953,699 - 1,313,710 - 9,639,989 Fund: 733 LEPFA 2012 SERIES A FUND 2,774,943 - 229,620 - 2,545,323 Fund: 734 LEPFA 2013 SERIES C FUND 10,091,240 - 569,170 - 9,522,070 Fund: 735 LEPFA 2012 SERIES C FUND 5,148,991 - 288,660 - 4,860,331 Fund: 736 LEPFA 2013 SERIES A FUND 3,282,337 - 205,910 - 3,076,427 Fund: 737 LEPFA 2013 SERIES B FUND 375,971 - 431,910 - (55,939) Fund: 738 LEPFA 2014 SERIES A FUND 7,126,663 - 461,970 - 6,664,693 Fund: 739 LEPFA 2014 SERIES B FUND 16,556,619 - 1,263,670 - 15,292,949 Fund: 740 LEPFA 2015 FUND 97,956,928 - 6,727,100 - 91,229,828 Fund: 741 LEPFA 2015 SERIES A FUND 2,775,241 - 148,520 - 2,626,721 Fund: 742 LEPFA 2015 SERIES B FUND 1,814,996 - 1,855,250 - (40,254) Fund: AD/CFD/LERA/PFA SUBTOTALS 241,838,285 34,088,067 51,710,927 2,105,171 226,320,596 FY2020-21 ADOPTED CAPITAL BUDGET Fund: 105 GENERAL PROJECTS (OPER & CIP) 89,530 1,063,046 1,033,046 (119,530) - Fund: 109 SB1 ROAD MAINTENANCE AND REHAB 1,005,912 1,124,387 - (2,130,299) - Fund: 111 TUMF CAPITAL PROJECT FUND (643,692) 9,602,163 - (8,958,471) - Fund: 112 MEASURE 'A' FUND 1,819,763 1,202,000 - (2,545,806) 475,957 Fund: 113 SB821 FUND - 245,523 - (245,523) - Fund: 116 CITY HALL/P.W. DIF FUND - 86,616 - (86,616) - Fund: 117 COMMUNITY CENTER DIF FUND - 59,453 - (59,453) - Fund: 118 LAKE SIDE FACILITIES DIF FUND 80,079 61,000 - (141,079) - Fund: 119 ANIMAL SHELTER FACILITY DIF FUND (136) 20,100 - (19,964) - Fund: 121 TOTAL ROAD IMPROVEMENT PRGM (TRIP) 11,569 200 495,938 484,169 - Fund: 140 GEOTHERMAL FUND 13,857 200 - - 14,057 Fund: 150 CDBG FUND (64,386) 541,101 20,812 (455,903) - Fund: 160 PEG GRANT FUND 37,616 18,700 - - 56,316 Fund: 202 LA STRADA RBBD FUND 24,190 21,000 - - 45,190 Fund: 203 SUMMERLY TRAFFIC INFRASTRUCTURE FEE (ELSP) 2,700,470 660,000 - - 3,360,470 Fund: 205 TRAFFIC IMPACT FEE FUND 935,003 470,000 - (926,000) 479,003 Fund: 211 STORM DRAIN CIP FUND 716,740 95,000 - (811,740) - Fund: 220 STREET LIGHTING FUND 1 230 - - 231 Fund: 221 QUIMBY FUND 517,917 161,000 - (54,000) 624,917 Fund: 231 LIBRARY CIP DIF FUND 1,259,812 85,000 40,000 (1,304,812) - Fund: 232 FIRE PROTECTION DIF FUND 182,133 104,000 - - 286,133 Fund: 401 LE FINANCING AUTHORITY CONSTRUCTION FUND - - - - - Fund: 500 CAPITAL IMPROVEMENT PLAN FUND 8,451,922 13,935,217 34,961,088 15,589,367 3,015,418 Fund: 540 SARDA DIAMOND STADIUM FUND 514,536 4,057,060 4,571,596 - - Fund: 605 PUBLIC IMPROVEMENTS IN-LIEU FUND 608,426 1,037,000 - - 1,645,426 Fund: 606 AB2766 AIR POLLUTION REDUCTION FUND 412,511 62,000 - (474,511) - CAPITAL BUDGET SUBTOTALS 18,673,773 34,711,996 41,122,480 (2,260,171) 10,003,118 TOTALS$ 295,794,770$ 133,513,666$ 159,267,506$ -$ 270,040,930