HomeMy Public PortalAbout15) 9B Fiscal Year 2013-14 Mid Year Budget Review, Treasurer's Report, Revenue, Expenditure and Capital Project Summary ReportsCity Council
February 18, 2014
Page 2 of 9
4. On January 21, 2014, the City Council held a second reading and adopted
resolutions and ordinances approving the Olson Company Project.
5. On February 4, 2014, the City Council approved Second Quarter budget
amendments in various accounts in the total amount of $47,745.
ANAlYSIS:
The FY 2013-14 Mid-Year Budget review process provides the City Council with an
opportunity to review and adjust original revenue projections and budgeted
appropriations based on six months of actual activity. Adjustments are a result of
changes in revenue projections based on actual revenue received from July 1, 2013
through December 31, 2013, as well as unanticipated expenditures due to information
that was not previously available. The City continues to show positive financial results.
It is through the significant diligence of staff by ensuring responsible spending. While
results have been positive, the City continues to monitor revenues closely and to strictly
control expenditures. Details of revenues and expenditures are detailed below.
1. FY 2013-14 GENERAl FUND REVENUES
A revenue analysis has been completed for the FY 2013-14 General Fund
revenues. Although some revenues are in line with projections, there are other
revenue estimates that require adjustments. The table below summarizes the
City's significant General Fund revenues and provides an overview of the
recommended changes based on mid-year review by staff.
FY2013-14
.
FY 1013-14 Revised Increase Percentage
Revenue Source Budget Projection (Decrease) . Change
.
Property Tax $ 2,450,000 $ 2,585,000 $ 135,000 6%
Sales Tax $ 1,738,000 $ 1,738,000 $ -0%
Other Taxes $ 715,000 $ 765,000 $ 50,000 7%
licences and Permits $ 1,003,000 $ 1,253,000 $ 250,000 25%
Motor Vehcile In lieu $ 3,250,000 $ 3,300,000 $ 50,000 2%
Charges for Services $ 1,279,300 $ 1,569,300 $ 290,000 23%
Court Fines $ 525,000 $ 615,000 $ 90,000 17%
Interest on Investments $ 445,000 $ 215,000 $ (230,000) -52%
Other Revenues $ 202,300 $ 419,300 $ 217,000 107%
$ -
Total $11 ,607,600 $12,459,600 $ 852,000 7%
The total General Fund revenue net adjustment is $852,000. The following are the
details of the revenue changes:
City Council
February 18, 2014
Page 3 of 9
~ Property Tax: Property taxes continue to be one of the City's strongest
revenue sources. Under Proposition 13, property is generally reassessed only
when there is a change in ownership. After which, its assessed value is
adjusted annually by an inflation factor not to exceed two percent. Temple
City's assessed valuations continue to increase and as reported earlier this
year, the median home prices have exceeded the pre-recession levels of
2007. Temple City is one in five cities in Los Angeles County that have
reached this significant milestone. Staff estimated an increase of 2% in
property tax revenues for FY 2013-14 during the budget process last spring.
However, after analyzing the increases in assessed valuations and property
tax receipts to date, it is anticipated receipts will be higher than originally
anticipated and an adjustment of $135,000 is recommended at this time, with
a revised projected revenue estimate of $2,585,000.
~ Sales Tax: Sales tax decreased slightly (i.e., $12,000) from the second
quarter in FY 2013-14 over the same quarter in FY 2012-13. Based on the
prior and current fiscal year's actual receipts received and with the continued
environment of a slower retail economy, no adjustment is recommended at
this time.
~ Other Taxes: Other tax revenues include franchise fees, transient occupancy
tax and real estate transfer tax. Franchise fees are fees collected from service
providers, who provide utility services to the residents, such as Athens
Services, The Gas Company, Southern California Edison and cable
television. There is not an adjustment recommended for franchise fees at this
time. A 10% transient occupancy tax is collected from each guest that rents a
room from any hotel located within the City. The tax is remitted directly to the
City by the hotel owners on a monthly basis. Similar to franchise fees, there is
not an adjustment recommended. Real estate transfer tax is a tax that is
collected when there is a change in ownership of all real properties. Staff is
recommending $50,000 increase for real estate transfer tax, as a result of an
increase in the number of sales of properties in the City, and actual receipts
collected in the first six months of FY 2013-14. The net adjustment for this
category is $50,000, with a new projected revenue estimate of $765,000.
~ License & Permits: License & permits include building permits, business
license fees, animal license fees, parking permit fees, impound fees,
temporary parking permits, code enforcement fees and temporary parking
permit fees. Based on the first six months of revenues received in FY 2013-
14, staff recommends the following adjustments: a $20,000 increase to the
business license fees; a $100,000 increase in the building permit fees as a
result of increased building activity and permits issued for the Gateway and
Olson projects; a $20,000 decrease to the parking permit fees; establish a
new line item for encroachment permit fees with a new budget of $120,000
(previously encroachment permit fees were accounted for with code
enforcement fees); an increase in animal licenses of $20,000; a decrease in
vehicle impound fees of $15,000; and finally, an increase in temporary
City Council
February 18, 2014
Page 4 of 9
parking permits of $25,000. These adjustments are recommended after
analyzing actual receipts collected in the first six months of FY 2013-14. The
net adjustment for this category is an increase of $250,000, with a new
projected revenue estimate of $1,253,000.
:>-Motor Vehicle in-lieu fee (VlFl: VlF was established in 1935 as a uniform
statewide tax, the VLF is a tax on the ownership of a registered vehicle in
place of taxing vehicles as personal property. By law, all revenues from the
VLF fund city and county services, but the state legislature controls the tax
rate and the allocation among local governments. In 2004, the Legislature
permanently reduced the VLF tax rate and eliminated state general fund
backfill to cities and counties. Instead, cities and counties now receive
additional transfers of property tax revenues in lieu of VLF. The budgeted in-
lieu VLF for FY 2013-14 is $3,321,400. Based on the first allocation the City
received in January 2014, a budget increase of $50,000 is recommended.
:>-Charges for Services: Charges for services are revenues received from
recreation fees, facility rental fees, zoning fees and plan check fees. These
revenues are reflected when services, classes or events are provided. Based
on the current revenues, staff recommends the following adjustments: an
$80,000 increase in zoning fees due to increased building activity; a $10,000
increase in the recreation fees; and a $200,000 increase in plan check fees
again, due to an increase in building activity. The net adjustment is $290,000
which brings this category to a new projection of $1,569,300.
:>-Court Fines: Court Fines are revenues collected from citations written from
both the Los Angeles County Sheriff's Department and authorized City staff.
Increased activity in this area warrants an increase in the estimate by
$90,000.
> Interest on Investments: The City receives interest on various investments
on a monthly, quarterly, semi-annually, or annual basis depending on the type
of investment. Currently, the City invests with Local Agency Investment Fund
(LAIF); Certificates of Deposit (CD); the Los Angeles County Investment Pool
(LACIP) and other various Federal notes and agencies. In addition
historically, the City received interest (i.e., $120,000) on the loan made to the
Former Redevelopment Agency (Agency). However, with the Agency now
dissolved, the City is no longer receiving that interest payment. Further, the
City's idle funds available for investment have been reduced as a result of the
near completion of Rosemead Boulevard Project. As a result of these two
primary factors, it is recommended the estimated revenue be reduced by
$230,000, for a new estimated of $215,000.
> Other Revenues: Other revenues include recyclable revenue, rental income,
sale of City property, donations and reimbursements. Staff recommends the
following adjustments to this category: a $20,000 reduction to the recyclable
revenue; a $20,000 increase in rental income primarily due to the recently
City Council
February 18, 2014
Page 5 of 9
acquired Primrose property; a $197,000 to other reimbursements due to the
reimbursement for the windstorm emergency expenses and debris removal;
and a $20,000 dollar increase in the sundry account based on actual
collections for the first six months of FY 2013-14. The net adjustment is
$217,000, bringing this category to a new projection of $419,300.
2. FY 2013-14 GENERAL FUND EXPENDITURES
The adoption of FY 2013-14 City Budget estimated total General Fund operating
expenditures of $11.7 million. The table below summarizes staff's
recommendations for adjustments to the Department's operating expenditures:
FY 2013-14 FY 2013-14 Increase Percent
Department Budget Revised (Decrease) Change
Expenditure Projection
Management Services $1,684,280 $2,082,280 $398,000 24%
(includes City Attorney)
Administrative Services $1,182,175 $1,182,175 $0 0%
Community Development $3,110,790 $3,380,790 $270,000 9%
Parks & Recreation $2,021,470 $2,056,470 $35,000 2%
Law Enforcement $3,799,295 $3,799,295 $0 0%
Totals $11,798,010 $12,501,010 $703,000 6%
The total General Fund mid-year operating net increase is $703,000 (Attachment
"B"). The following are the details of the adjustments: a request from the Temple
High School Rams Marching Band in the amount of $15,000 for new equipment
and uniforms for appearance in the 2015 Tournament of Roses Parade; an
additional appropriation for former City Manager's severance pay of $103,000 in
accordance with the employment agreement; a request of $280,000 one-time
expenditure for the City Attorney due to unanticipated legal fees during this fiscal
year, a $35,000 appropriation for a consultant to study park impact fees, $255,000
for additional contract services with Transtech for increased building activity related
services (offset by additional revenue); $36,000 re-appropriation from the previous
fiscal year for the Brush of Kindness program; and a reduction in operating
appropriations in the amount of $21,000 for mobile radios, proposed to be
budgeted in Equipment Replacement.
3. EQUIPMENTNEHICLE REPLACEMENT
The City adopted a budget for Equipment! Vehicle Replacement of $444,380 as
part of the FY 2013-14 City Budget of which $270,800 is funded by the General
City Council
February 18, 2014
Page 6 of9
Fund. Recommended net adjustments are also outlined in Attachment "B". Staff is
recommending the City defer replacement of the current telephone system in the
amount $58,500 and consider funding for this project in the next fiscal year. The
cost of GPS fleet monitoring system of $12,000 will be addressed in a vehicle
maintenance program staff is exploring. The re-appropriation, as discussed above,
from operations for mobile radios of $21 ,000 is recommended. An additional
server, at an anticipated cost of $25,000 for the televising of the City Council
meetings, is recommended to ensure compatibility with the upgrades recently
completed in the Council Chambers. This adjustment is a net reduction in the
EquipmenWehicle Replacement Budget of $24,500.
4. GENERAL FUND CAPITAL IMPROVEMENT PROJECTS (CIP)
Temple City has been very busy this year completing various projects. With the
adoption of FY 2013-14 City Budget, the City Council approved $19.8 million in
CIP expenditures, of which 18.7% of the total expenditures of $3.7 million were
funded by the General Fund.
In order to further address the increase in operating expenditures, staff is
recommending the following reductions in the CIP project budgets:
•
•
City Hall Server Room HVAC
City Yard Building Re-Roofing
$25,000
$30,000
The cost to complete these projects (Attachment "B") will be less than originally
anticipated; as a result, it is recommended this savings be recognized at mid-year.
5. FUND BALANCE ANALYSIS
Attachment "C" provides an analysis of the fund balance. Estimated General Fund
Balance at June 30, 2014 is provided: at July 1, 2013, when the FY 2013-14 City
Budget was adopted; at December 31, 2013, when actual Fund Balance at July 1,
2013 was available due to completion of the audited Comprehensive Annual
Financial Report (CAFR) and includes budget adjustments approved by the City
Council for the first six months of operations; and at present if the recommended
adjustments are approved and implemented. While at the time of adoption of the
FY 2013-14 City Budget, an deficit of $4.8 million existed as a result of a conscious
decision on the City Council's part to commit to one-time, capital expenditures from
Reserves, in accordance with the City's adopted Budget Reserve Policy. The City
Council added to the deficit by approving a budget amendment in the amount of
$1,276,175 from the Economic Development Reserve for the appraisal and all
environmental site assessment work related to and the purchase of the 5922
Primrose Property, increasing the deficit to $6.2 million. However, with the revised
revenue estimates and recommended adjustments in appropriations, staff has
been able to reduce the deficit to $5.6 million.
The analysis further articulates the resources that are available in accordance with
City Council
February 18, 2014
Page 7 of9
the City's adopted Budget Reserve Policy. It is anticipated the City will be moving
into the FY 2014-15 City Budget process with a small unassigned Fund Balance of
$8,444, however Committed and Assigned Reserves for restricted purposes
remain intact.
6. CITY TREASURER'S REPORT
The Treasurer or Chief Fiscal Officer is required to render an annual statement of
Investment Policy to the legislative body of the local agency and to render a
monthly report containing specific information regarding investment and deposits to
the legislative body and the Chief Administrative Officer. The attached Treasurer's
Report (Attachment "D"), which is completed monthly and submitted to the City
Council on a monthly and quarterly basis, reflects the balance as of December 31,
2013.
7. REVENUE SUMMARY REPORT
This report (Attachment "E") is a summary of actual revenues for the period of July
1, 2013 to December 31, 2013. By the end of the second quarter the percent of
revenue received is generally 50% except for those types of revenues that are
received annually such as business licenses, animal licenses, parking permits and
franchise fees. Further, the major revenues, such as property tax and VLF, are not
received equally over a 12 month period, thus providing a skewed percentage of
actual receipts collected to date. Detailed discussions about revenue streams
have been addressed earlier in this report.
8. EXPENDITURE SUMMARY
REPLACEMENT
REPORT (INCLUDING EQUIPMENT
This report is a summary of actual expenditures for the period of July 1, 2013 to
December 31, 2013 (Attachment "F"). By the end of the second quarter the percent
expended is generally 50%. As is the City's policy, expenditures are kept to a
minimum. The programs that are contracted with Los Angeles County are
generally a month or two behind due to the County's timing invoicing the City.
Again, detailed discussions about the current status of expenditures have been
discussed earlier in this report.
9. CAPITAL IMPROVEMENT FINANCIAL STATUS REPORT
The second quarter expenditures (Attachment "G") reflect costs for thirteen
planned and completed projects: Citywide Park & Open Space Master Plan;
Additional Concrete for the Performing Arts Pavilion Area; Upgrade Sewer Line on
Longden Avenue from Rosemead Boulevard to Encinita Avenue; Rosemead
Boulevard Safety Enhancements and Beautification Project; Repaving of Streets
per Reassessment Pavement Management Index; Generator for pump at
Rosemead Boulevard; Redesign and Construction of Las Tunas Drive; Bicycle
Master Plan Implementation; Installation of 45 Separate Improvements around
City Council
February 18, 2014
Page 8 of 9
nine school sites; Public Parking Lot American Disability Act (ADA) Accessibility
Improvement Project; ADA Accessibility Improvement for Temple City Boulevard
Project; Council Chamber Renovation; and Rebuilt the roof for the City Yard
Buildings.
10. PROJECTS FUNDED WITH RESERVES
Many projects this year were funded with the Reserves (Attachment "H") in
accordance with the adopted Budget Reserve Policy. There will be savings in the
Reserve as a result of the following:
• General Plan Update -$190,000 in savings will be realized as a result of
combining the General Plan Update and the Specific Plan efforts;
• P3 Master Plan -$150,000 was budgeted for required zoning changes to
facilitate this project. It is anticipated these zoning changes will not take place
until next fiscal year; and
• Historic Preservation Ordinance -$26,000 in savings as the City Council
directed this discussion to take place as part of the General Plan Update.
These savings have been incorporated into reported Fund Balance designations in
Attachment "C".
11. ESTABLISHMENT OF NEW FUNDS
As part of the approval of the Development Agreement for the Olson Project, the
applicant will contribute to the City $157,000 for affordable housing, $168,000 for
park development, $150,000 for public art and $74,000 for sewer reconstruction
totaling $549,000 in the form of impact fees. These fees must be used for their
stated purposes within five years of the payment (estimated to be 2019). To
properly account for these fees, staff is requesting the authorization to create two
new funds: Affordable Housing and Public Art. Sewer reconstruction and parks
development funds already exist.
CONCLUSION:
As the economy slowly recovers providing for enhanced revenues and the City
continues with its best practices and conservative approach to fiscal management, (i.e.,
proactive Mid-Year Budget adjustments, leveraging resources and realistically
estimating a true spending plan for the remaining fiscal year) additional operating
expenditures (primarily one-time) are recommended to be funded. It is anticipated
another successful fiscal year will be complete at June 30, 2014.
City Council
February 18, 2014
Page 9 of 9
FISCAL IMPACT:
If the City Council approves the above mentioned FY 2013-14 Mid-Year adjustments,
the FY 2013-14 City Budget will be $37,611,260, with Reserves, in accordance with the
Budget Reserve Policy, of $15,825,857.
ATTACHMENTS:
A. FY 2013-14 Mid-Year General Fund Revenue Adjustments
B. FY 2013-14 Mid-Year General Fund Appropriation Adjustments
C. FY 2013-14 Fund Balance Analysis
D. City Treasurer's Report
E. Revenue Summary Report
F. Expenditure Summary Report
G. Capital Project Financial Status Report
H. General Fund Balances-Reserved and Unreserved at 6-30-14
Attachment A
CITY OF TEMPLE CITY
FY 2013-14 MID-YEAR GENERAL FUND REVENUE ADJUSTMENTS
Proposed
Original Budget Amendments Revised Budget
Real Estate Transfer Tax 01-810-32-3201 120,000 50,000 170,000
Property Tax Allocation 01-810-32-3211 2,450,000 135,000 2,585,000
Business License Fees 01-820-33-3301 200,000 20,000 220,000
Building Permit Fees 01-820-33-3303 460,000 100,000 560,000
Parking Permit Fees 01-820-33-3305 75,000 (20,000) 55,000
Encroachment Permit Fees 01-820-33-3306 0 120,000 120,000
Animal License Fees 01-820-33-3307 70,000 20,000 90,000
Vehicle Impound Fees 01-820-33-3309 35,000 (15,000) 20,000
Temp Parking Permit Fees 01-820-33-3311 113,000 25,000 138,000
In Lieu VLF 01-830-34-3430 3,250,000 50,000 3,300,000
Zoning Fees 01-840-35-3503 160,000 80,000 240,000
Recreation Fees 01-840-35-3505 590,000 10,000 600,000
Plan Check Fees 01-840-35-3508 460,000 200,000 660,000
Court Fines 01-850-36-3601 525,000 90,000 615,000
Interest~ Others 01-860-37-3703 250,000 (230,000) 20,000
Recycable Revenues 01-870-38-3809 50,000 (20,000) 30,000
Rental Income 01-870-38-3811 30,000 20,000 50,000
Other Reimbursement 01-870-38-3815 90,000 197,000 287,000
Sundry 01-870-38-3817 1,000 20,000 21,000
Total 8,929,000 852,000 9,781,000
Community Promotions
City Manager
Special Counsel
Private/Special Contract Services (Park Maintenance)
Private/Special Contract Services {Building)
Brush with Kindness {Housing)
Private/Special Contract Services {Emergency Services)
Special Equipment
Office Equipment
Special Equipment
Office Equipment
CIP {City Hall Server Room HVAC)
CIP {Rebuild the City Yard Buildings Roof)
CITY OF TEMPLE CITY
FY 2013~14 MlD~YEAR GENERAL FUND APPROPRIATIONS ADJUSTMENTS
01~910-41-4670
01-910-42-4106
01-910-43-4243
01~940-59-4231
01-930-54-4231
01-930-55-4934
01-950-64-4231
Total Operating
01-950~61-4840
01-970-81-4830
01~950-64-4840
01-970-81-4830
Total Equi.e.ment Replacement
60-980~81-4810 P14-09
60-980-81-4810 P14-11
Total Capitallmproveme!l!f!:oject'
Grand Total
Original Budget
Amount
7,500
206,93S
0
0
270,000
0
50,000
534,43S
12,000
168,500
1S,OOO
{See above)
195,500
40,000
3S,OOO
75,000
804,935
Proposed
Adjustments
15,000
103,000
280,000
35,000
255,000
36,000
{21,000)
703,000
(12,000)
{58,500)
21,000
25,000
{24,500)
(25,000)
(30,000)
{55,000)
623,500
Revised Budget
Amount
22,500
309,935
280,000
35,000
52S,OOO
36,000
29,000
1,237,435
0
110,000
36,000
2.5,000
171,000
15,000
5,000
20,000
1,428,435
Attachment B
Temple City High School Rams Marching Band Support for 2015 Tournament of Roses Parade
Former City Manger's Severence Pay in Accordance with Employement Agreement
City Attorney Legal Expenses
Consul ant for Park Impact Fees
Transtech Contract for Building Activities
Reappropriate from Previous Fiscal Year
Reappropriate Funding for Radio Purchase
GPS Fleet Monitoring System
Telephone System Upgrade
KR NIDA Radio Purchase
Internal Server-Video Broadcasting
City Hall Server Room HVAC
Rebuild the City Yard Buildings Roof
CITY OF TEMPLE CITY
FY 2013-14 FUND BAlANCE ANALYSIS
FY 2013-14 Budget Amendments (Jul-Dec) and
Adopted Budget Actual Fund Balance (6-30-13}
Estimated Fund Balance July 1, 2013
Designated $
Nonspendable $ 12,795
Committed $ 4,500,000 $ 3,500,000
Assigned $ 16,150,000 $ 16,150,000
Unassigned $ 1,523,532 $ 1,367,474
Total Fund Balance Before Reserves $ 22,173,532 $ 21,030,269
Reserved (Internal Purposes)
City Loan (Calabee's) $ 335,418 $ 335,418
City Loan (Chamber) $ 4,600 $ 4,600
City Loans (Homeowners) $ 56,775 $ 56,775
CRA Loans $ $
Total Fund Balance July 1, 2013 $ 22,570,325 $ 21,427,062
Revenues $ 11,607,600 $ 11,607,600
Transfers In $ 110,586 $ 110,586
Estimated Expenditures $ (11,713,765) $ (11,798,010)
Operating Surplus/Deficit $ 4,421 $ (79,824)
Estimated Equip/Vehicle Replacement $ (270,800) $ (270,800)
ClP/Transfers Out $ (2,231,906) $ (1,231,906)
Use of Reserves for Specific Projects $ (2,335,000) $ (4,611,175)
Surplus/Deficit $ (4,833,285) $ (6,193,705)
Estimated Fund Balance June 30, 2014 $ 17,737,040 $ 15,233,357
* Estimated Fund Balance Designations at June 30, 2014, in accordance with the General Fund Budget Reseve Policy
Nonspendable
Committed
Erne rgen cy /Dis asters
Liquidity
local Economic Uncertainty
Assigned
Fleet Management
Facilities Management
Technology Replacement
Economic Development
Opportunitues for One"Time Expenditures
Unassigned
Internal Reserves (City Loans}
$ 1,000,000
$ 2,000,000
$ 500,000
$ 400,000
$ 3,690,000
$ 30,000
$ 3,403,825
$ 4,384,000
$
$
$
$
$
$
12,795
3,500,000
11,907,825
8,444
396,793
15,825,857
Attachment C
FY 2013-14
Mid-Year Budget Review
$ 12,795
$ 3,500,000
$ 16,150,000
$ 1,367,474
$ 21,030,269
$ 335,418
$ 4,600
$ 56,775
$
$ 21,427,062
$ 12,459,600
$ 110,586
$ (12,501,010)
$ 69,176
$ (246,300)
$ (1,176,906)
$ (4,247,175)
$ (5,601,205)
$ 15,825,857 "'
CITY OF TEMPLE CITY
TREASURER'S REPORT
December31, 2013
Cash in Bank *
Wells Fargo Bank-Checking
Payroll
-Merchant Card
US Bank -Checking
Camellia Fund •
East West Bank -Monthly Market Account
Wells Fargo Bank-Checking
Petty Cash
LAIF
Effective Quarter to Date Yield 12/31/13 0.260%
MorqanStanley SmithBarney *
Certificates of Deposit
Weighted Average to Date Yield 12/31/13 1.079%
Government Securities
Weighted Average to Date Yield 12/31/13 0.733%
Corporate Fixed Income
Weighted Average to Date Yield 12/31/13 1.500%
Money Market
Mutual Securities *
Government Securities
Weighted Average to Date Yield 12/31/13 1.564%
Money Market
US Bank*
Certificates of Deposit
Weighted Average to Date Yield 12/31/13 0.837%
Los Angeles County Pool Investment Fund *
As of 12/31/13 0.640%
OPEB Investment
As of 11/30/13
TOTAL
PRIOR MONTH STATUS
Total
Based on Bank Statements
$
$
COST VALUE
756,588.58
28,881.40
17,226.41
21,033.80
160,000.00
12,492.67
2,100.00
1,925,403.17
4,353,000.00
747,000.00
508,250.00
775,324.74
6,662,420.00
3,750.29
3,279,000.00
3,000,000.00
1 ,000,000.00
23,252,471.06
24,607,449.66
$
$
Attachment D
MARKET VALUE
756,588.58
28,881.40
17,226.41
21,033.80
160,000.00
12,492.67
2,100.00
1,926,495.49
4,370,136.73
748,044.15
508,805.83
775,324.74
6,530,105.00
3,750.29
3,279,000.00
3,016,924.87
1,073,736.86
23,230,646.82
24,626,485.92
All investments are placed in accordance with the City of Temple City's Investment Policy. The above summary provides sufficient cash flow
liquidity to meet the next six month's estimated expenditures. This report is in accordance with Government Code Section 53646.
~ /1----
TRACk L. HAUSE
CITY TREASURER
2012-13 2012-13
BUDGET YEAR TO DATE
JUL-DEC
--------------------------------------------------
Taxes 4,720,200 1,548,638
Licenses and Permits 1,245,000 717,031
Intergovernmental 3,321,400 0
Charges for Services 865,760 379,870
Fines, Forfeitures, & Penalities 525,000 218,946
Use of Money and Property 455,000 108,620
Miscellaneous 218,500 111,578
------------------------------------------------
Total General Fund Revenue 11,350,860 3,084,683
Total Special Revenue Funds 5,128,470 1,660,022
--------------------------------------------
TOTAL REVENUE 16,479,330 4,744,705
========::::::===== ==============
2013-14 2013-14
BUDGET YEAR TO DATE
JUL-DEC
----------------------------------------------
4,903,000 1,563,736
1,003,000 678,638
3,250,000 25,110
1,279,300 808,076
525,000 258,933
445,000 59,962
202,300 118,821
--------------------------------------------
11,607,600 3,513,276
4,320,320 1,897,508
------------------------------------------
15,927,920 5,410,784
=========== ==============
PERCENT
RECEIVED
-------------------------
32%
68%
1%
63%
49%
13%
59%
------------------------
30%
44%
------------------------
34%
==============
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ADMINISTRATIVE SERVICES DEPARTMENT
Support Services
Insurance/Benefits
Accounting
Purchasing
COMMUNITY DEVELOPMENT DEPARTMENT
Planning
Building
Housing
PARKS & RECREATION DEPARTMENT
Recreation/Human Services
Public Transportation
Parks -Maintenance/Facilities
Trees & Parkways
2012-13 2012-13
BUDGET YEAR TO DATE
JUL-DEC
------------------------- -------------------------
161,445 68,862
910,305 315,048
222,700 167,959
70,925 1,134
284,670 101,869
-------------------------------------------
1,650,045 654,872
199,075 93,849
822,360 1,152,174
480,115 232,853
135,950 51,832
------------------------------------------------
1,637,500 1,530,708
609,260 286,033
399,440 144,880
571,045 190,705
------------------------ ------------------------
1,579,745 621,618
1,057,280 451,538
753,330 253,234
829,985 354,853
500,865 217,900
---------------------------------------------
3,141,460 1,277,525
2013-14 2013-14
BUDGET YEAR TO DATE
JUL-DEC
----------------------------------------------
198,575 102,502
1,002,540 481,815
222,000 141,943
0 0
325,425 123,046
-----------------------------------------
1,748,540 849,306
179,210 87,530
582,415 332,080
520,890 276,610
148,200 56,382
------------------------------------------
1,430,715 752,602
2,261,490 354,816
645,175 386,162
169,500 120,417
---------------------------------------------
3,076,165 861,395
1,227,485 589,423
792,875 260,599
849,025 397,413
559,395 300,437
---------------------------------------------
3,428,780 1,547,872
PERCENT
EXPENDED
-------------------------
52%
48%
64%
0%
38%
----------------------
49%
49%
57%
53%
38%
-------------------------
53%
16%
60%
71%
----------------------
28%
48%
47%
54%
54%
----------------------
45%
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2012-13 2012-13 2013-14 2013-14 PERCENT
BUDGET YEAR TO DATE BUDGET YEAR TO DATE EXPENDED
JUL-DEC JUL-DEC
-------------------------------------------------------------------------------------------------------------------------
COMMUNITY DEVELOPMENT DEPARTMENT
PUBLIC SAFETY DIVISION
Law Enforcement 3,835,218 1,203,234 3,989,295 1 ,662,166 42%
Traffic Engineering 8,280 145 8,280 3,534 43%
Animal Control 186,530 82,956 199,615 98,139 49%
Emergency Services 94,405 27,114 160,755 63,003 39%
Community Preservation 664,225 273,384 484,770 242,363 50%
Parking Administration 266,780 132,052 394,320 216,972 55%
------------------------------------------------------------------------------------------------------------
5,055,438 1,718,885 5,237,035 2,286,177 44%
PUBLIC WORKS DIVISION
Administration & Engineering 211,870 71,899 265,580 134,602 51%
Street Cleaning 122,340 41,317 122,340 43,977 36%
Traffic Signal Maintenance 156,800 29,245 151,800 33,185 22%
Traffic Signs & Strip Maint. 172,325 20,283 225,620 71,833 32%
Street Maintenance 262,500 12,772 122,500 56,485 46%
Sidewalk Maintenance 165,000 3,405 165,000 55,547 34%
Solid Waste Management 8,690 4,542 58,690 7,275 12%
Street Lighting 349,630 122,161 373,285 133,320 36%
-------------------------------------------------------------------------------------------------------------------
1,449,155 305,624 1,484,815 536,224 36%
MAINTENANCE DIVISION
General Government Buildings 245,300 155,026 288,240 150,624 52%
Parking Facilities 216,775 86,165 162,340 88,140 54%
Graffiti Abatement 33,620 9,785 26,400 14,613 55%
---------------------------------------------------------------------------------------------------------------
495,695 250,976 476,980 253,377 53%
SUB TOTAL PROGRAM EXPENDITURES 15,009,038 6,360,208 16,883,030 7,086,953 42%
SUB TOTAL PROGRAM EXPENDITURES
CAPITAL IMPROVEMENT FUND
EQUIPMENT REPLACEMENT
TRUST FUND
TEMPLE CITY TREE RESTORATION PROGRAM
TOTAL EXPENDITURES
CDBG LOAN REPAYMENT
GRAND TOTAL
2012-13
BUDGET
15,009,038
16,702,610
260,685
0
0
31,972,333
==============
27,460
31,999,793
==============
2012-13
YEAR TO DATE
JUL-DEC
6,360,208
521,428
93,118
3,379
0
6,978,133
:::=========::;;===
35,936
7,014,069
==============
2013-14
BUDGET
16,883,030
19,832,605
444,380
0
0
37,160,015
===::::::======
0
37,160,015
===========
2013-14
YEAR TO DATE
JUL-DEC
7,086,953
6,655,277
204,697
3,573
1,548
13,952,048
==========:::::===
21,537
13,973,585
:============c:==
PERCENT
EXPENDED
42%
34%
46%
0%
0%
38%
==============
0%
38%
======;:::=======
CAPITAL IMPROVEMENT PROGRAM
PROJECT DETAIL
No. Project
P12-02 Citywide Park & Open Space Master Plan (D)
P13-01 Additional Concrete for Performing Arts Area (D)
P14-01 Repair Operable Walls in Community Center (D)
P14-02 Installation of Hand Dryers in Park Restrooms (D)
P14-03 New Playground Equipment for Temple City (D)
Park
Recap of Funding Sources
TOTAL CIP-PARKS MAINTENANCE I FACILITIES
CITY OF TEMPLE CITY
FINANCIAL STATUS REPORT
JUL 13-Dec 13
Funding Source
General Fund
General Fund
General Fund
General Fund
General Fund
BCR
General Fund
Beverage Container
Recyclable
Budget
70,000
15,000
10,500
6,000
9,000
15,000
101,500
9,000
110,500
(E) = Essential (N) = Necessary (M) = Mandated (R) = Routine
---·----
PARKS-MAINTENANCE/FACILITIES
ACCT. NO. 60-980-59-4810
Year To Date
Expenditure Balance
50,807 19,193
325
15,000
10,500
15,000
51,132 59,693
(D) = Discretionary
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CAPITAL IMPROVEMENT PROGRAM
PROJECT DETAIL
No. Project
P12-07 Citywide Traffic Calming Study Master Plan
P14-04 Citywide Traffic Calming Implementation
Recap of Funding Sources
TOTAL CIP-TRAFFIC ENGINEERING
(E) = Essential (N) = Necessary
(N)
(N)
CITY OF TEMPLE CITY
FINANCIAL STATUS REPORT
JUL 13-Dec 13
Funding Source
MeasureR
General Fund
General Fund
MeasureR
Budget
100,000
150,000
150,000
100,000
250,000
(M) = Mandated (R) = Routine
TRAFFIC ENGINEERING
ACCT. NO. 60-980-62-4810
Year To Date
Expenditure Balance
100,000
150,000
250,000
(D) = Discretionary
CAPITAL IMPROVEMENT PROGRAM
PROJECT DETAIL
No. Project
P14-05 Street Sweeping Signage
Recap of Funding Sources
TOTAL CIP-PARKING ADMINISTRATION
(E) = Essential (N) = Necessary
-----
(D)
--~ -------
CITY OF TEMPLE CITY
FINANCIAL STATUS REPORT
JUL 13-Dec 13
Funding Source
Gas Tax
Gas Tax
Budget
300,000
300,000
300,000
(M) = Mandated (R) = Routine
STREET CLEANING
ACCT. NO. 60-980-72-4810
Year To Date
Expenditure Balance
300,000
-300,000
(D) = Discretionary
I
CAPITAL IMPROVEMENT PROGRAM
PROJECT DETAIL
No. Project
P08-07 Upgrade Sewer Line on Longden from
Rosemead to Encinita
P08-11 Rosemead Boulevard Improvement Project
P12-04 Citywide Upgrade Traffic Street Signage
P13-02 Repaving of Streets per Re-assessment
Pavement Management Index
P13-03 Generator for pump at Rosemead Boulevard
P13-04 Redesign and Construction of Las Tunas Drive
(E) = Essential (N) = Necessary
(N)
(N)
(M)
(E)
(N)
(N)
---. ----. -
CITY OF TEMPLE CITY
FINANCIAL STATUS REPORT
JUL 13-Dec 13
Funding Source
Sewer Reconstruction
Environment Protection
Agency
Prop A
PropC
Prop 1 B
MeasureR
Lighting/Landscape District
Surface Transp. Progr. Local
Highway Safety lmpr Prog
SAFE LU
Rubberized Asphalt ConcretE
Grant
Gas Tax
GF-Cal Trans
GF -Eco Dev Fd Reserve
Bicycle Transportation Acct
Congestion Mitigation and
Air Quality
MeasureR
Gas Tax
Gas Tax
Prop C
Budget
400,000
194,000
594,000
1,500,000
1,580,645
14,465
794,230
2,000,000
1,007,815
340,000
719,920
110,250
1,350,000
332,970
1,000,000
443,000
2,249,985
13,443,280
300,000
150,000
1,200,000
(M) = Mandated (R) = Routine
STREET CONSTRUCTION
ACCT. NO. 60-980-75-4810
Year To Date
Expenditure Balance
41,750 552,250
6,208,992 7,234,288
300,000
2,588 147,412
244 (244)
7,178 1 '192,822
(D) = Discretionary
CAPITAL IMPROVEMENT PROGRAM
PROJECT DETAIL
No. Project
P13-12 Bicycle Master Plan Implementation-
Installation of 12.6 Miles of Class II & Ill
Bicycle Lanes
P13-13 Installation of 45 Separate Improvements
around Nine School Sites
P14-06 Slurry Seal Program
P14-07 Catch Basin Inserts
Recap of Funding Sources
TOTAL CIP-STREET CONSTRUCTION
(E) = Essential (N) = Necessary
(N)
(N)
(N)
(E)
CITY OF TEMPLE CITY
FINANCIAL STATUS REPORT
JUL 13-Dec 13
Funding Source
General Fund
Bicycle Transportation Acct
General Fund
Safe Routes To School
Gas Tax
General Fund
General Fund
GF-Eco Dev Fd Reserve
GF-Cal Trans
Prop A
PropC
Prop 1B
Gas Tax
MeasureR
Sewer Reconstruction
Lighting/Landscape District
Surface Transp. Progr. Locai
Highway Safety lmpr Prog
SAFE LU
Rubberized Asphalt Concret<
Grant
Environment Protect Agency
Bicycle Transportation Acct
Safe Routes To School
Congestion Mitigation and
Air Quality
Budget
48,350
479,900
528,250
52,000
431,900
483,900
125,000
66,500
166,850
1,000,000
332,970
1,500,000
2,780,645
14,465
1,625,000
1,094,230
400,000
2,000,000
1,007,815
340,000
719,920
110,250
194,000
922,900
431,900
2,249,985
16,890,930
(M) = Mandated (R) = Routine
STREET CONSTRUCTION
ACCT. NO. 60-980-75-4810
Year To Date
Expenditure Balance
23,587 504,663
16,413 467,487
125,000
66,500
6,300,752 10,590,178
(D) = Discretionary
I
CAPITAL IMPROVEMENT PROGRAM
PROJECT DETAIL
No. Project
P14-08 ADA Barrier Removal Program
P14-14 Public Parking Lot ADA Accessibility
Improvement Project
P14-15 ADA Accessibility Improvement Temple
City Boulevard Project
Recap of Funding Sources
TOTAL CIP-SIDEWALK MAINTENANCE
(E) = Essential (N) = Necessary
(M)
(M)
(M)
----~ -----
CITY OF TEMPLE CITY
FINANCIAL STATUS REPORT
JUL 13-Dec 13
Funding Source
CDBG
CDBG
CDBG
CDBG
Budget
75.000
115,000
105,000
295,000
295,000
(M) = Mandated (R) = Routine
SIDEWALK MAINTENANCE
ACCT. NO. 60-980-76-4810
Year To Date
Expenditure Balance
75.000
10,760 104,241
9,345 95,656
20,104 274,896
(D) = Discretionary
CAPITAL IMPROVEMENT PROGRAM
PROJECT DETAIL
No~ Project
P10-05 Council Chamber Renovation
P13-06 Remote/Motorizing Access Gate for City Yard
P13~08 Redesign City Hall Lobby, Conference Room
and Management Office
P14-09 City Hall Server Room HVAC
P14-10 Repainting Inside City Hall
P14~ 11 Rebuild the Roof for the City Yard Buildings
P14-16 Purchase of 5922 Primrose
Recap of Funding Sources
TOTAL CIP-GEN GOV'T BLDGS
(E) = Essential (N) = Necessary
-
(N)
(D)
(D)
(D)
(D)
(D)
(D)
CITY OF TEMPLE CITY
FINANCIAL STATUS REPORT
JUL 13-Dec 13 ~ ~ ~
Funding Source
General Fund
General Fund
General Fund
General Fund
General Fund
General Fund
General Fund
General Fund
Budget
340,000
7,000
28,000
40,000
30,000
35,000
1 ,276,175
1 ,756,175
1,756,175
(M) = Mandated (R) = Routine
GENERAL GOVERNMENT BUILDINGS
ACCT. NO. 60-980-81-4810
Year To Date
Expenditure Balance
282,801 57,199
7,000
28,000
40,000
30,000
488 34,512
1,276,175
283,289 1,472,886
(D) = Discretionary
CAPITAL IMPROVEMENT PROGRAM
PROJECT DETAIL
No. Project
P14-12 South Parking Lot
P14-13 Demolition and Site Preparation for 5800
Temple City Blvd. Parking Lot
Recap of Funding Sources
TOTAL CIP-GEN GOV'T BLDGS
(E) ~ Essential (N) ~ Necessary
(D)
(D)
CITY OF TEMPLE CITY
FINANCIAL STATUS REPORT
JUL 13-Dec 13
Funding Source
Gas Tax
General Fund
General Fund
Budget
30,000
200,000
230,000
230,000
(M) ~ Mandated (R) ~ Routine
PARKING FACILITIES
ACCT. NO. 60-980-82-4810
Year To Date
Expenditure Balance
30,000
200,000
-230,000
(D) ~ Discretionary
----
CITY OF TEMPLE CITY
AOOPTEO BUDGET
FY 2013-2015
General Fund Balances
Reserved and Unreserved at 6-30-14
Appropriations
Committed
Emergency /Disasters $ 1,000,000
Liquidity $ 2,000,000
OPEB $ 1,000,000
Local Economic Uncertainty $ 500,000
Assigned
Fleet Management
Facilities Management $ 4,000,000
P3 Masterplan $ {150,000)
Council Chamber Remodel $ (310,000)
Technology Replacement $ 200,000
Document Imagining $ (45,000)
Automation of personnel processes $ (15,000)
Community Development Permit Software $ (110,000)
Economic Development $ 8,000,000
Rosemead Blvd Enhancements (FY 2012-14) $ {1,000,000)
5800 Temple City Boulevard (FY 2012-13) $ (1,050,000)
General Plan Update {2 Years) $ (750,000)
Las Tunas/Rosemead Specific Plan $ {650,000)
Economic Development Strategy $ {25,000)
Five Year Strategic Plan $ {40,000)
Opportunities for One-Time Expenditures $ 4,600,000
Housing Element $ {15,000)
Sign Code Update $ {55,000)
Complete Neighborhood Imitative $ (40,000)
Historic Preservation Ordinance $ {30,000)
Analysis of Waste Management Contract $ {50,000)
Analysis of Public Safety Contract $ {50,000)
Unreserved
Internal Reserves (City Loans)
Total Fund Balance
Attachment H
Expenditure
Balance Account Number
$ 4,500,000
$ 400,000
01-930-53-4231
60-980-81-4810 Pl0-05
$ 3,540,000
01-910-45-4231
01-910-46-4231
01-930-54-4231
$ 30,000
01-930-53-4231
01-930-53-4231
01-910-42-4231
01-930-53-4231
$ 4,485,000
01-930-53-4231
01-930-53-4231
01-950-65-4231
01-930-53-4231
01-960-77-4231
01-950-61-4231
$ 4,360,000
$ 174,408
$ 286,207
$ 17,775,615