HomeMy Public PortalAbout10_10B_Mid-Year_Staff Report-MidYear 2021 Financial Report-01 11 2021_final ADMINISTRATIVE SERVICES DEPARTMENT
MEMORANDUM
DATE: January 19, 2021
TO: The Honorable City Council
FROM: Bryan Cook, City Manager
Via: Susan Paragas, Administrative Services Director
SUBJECT: FISCAL YEAR 2020-21 MID-YEAR FINANCIAL STATUS REPORT
RECOMMENDATION:
The City Council is requested to:
1.Receive and file the Mid-Year Fiscal Year 2020-21 (i.e., July 2020 to December
2020) Financial Status Review and related reports; and
2.Approve and authorize staff to revise revenue and expenditure budget estimates as
proposed.
BACKGROUND:
1.On June 16, 2020, the City Council approved a Fiscal Year 2020-21 (FY21)
Community Development Block Grant (CDBG) budget amendment to reflect the
Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020 allocation
for rental and business assistance. The FY21 Adopted Budget did not reflect
this amendment.
2.On June 29, 2020, the City Council approved Resolution No. 20-5479, adopting
the FY21 Operating Budget for all funding source in the amount of $30,116,805.
3.On June 29, 2020, the City Council adopted Resolution No. 20-5482 adopting
the FY21 Statement of Investment Policy.
4.On September 30, 2020, a $210,000 General Fund Capital Improvement Project
carryover was made for the Las Tunas Drive and Pavement Management
Projects to show the City’s maintenance of effort as authorized by Resolution
AGENDA
ITEM 10.B.
City Council
January 19, 2021
Page 2 of 7
No. 20-5479, Section 3.
5. On October 20, 2020, the City Council approved the funding of the Community
Development Director position and defunded the Planning Manager position
with a budget amendment of $7,265.
6. On December 1, 2020, the City Council adopted Resolution No. 20-5489,
approving the salary ranges for unrepresented part-time classifications
implementing the minimum wage effective on January 1, 2021 with a budget
amendment of $7,485.
ANALYSIS:
This report is to update the City Council with the status of the City's financial health for
the period of July 2020 to December 2020 of FY21 (Mid-Year). With the proposed
budget adjustments, the overall fiscal health of the City is projected to meet its operating
expenditures most especially in the General Fund (GF), the City’s primary operating
fund. Despite the health order restrictions from the coronavirus (COVID-19)
pandemic, the City’s GF is estimated to have an operating surplus based on the Mid-
Year data.
The City’s GF Tax revenues were stable these first six months of FY21 and is in line
with the adopted budget except for the Transient Occupancy Tax. However, revenues
from City services are lower than estimated, thus, budget amendments reducing the
adopted budgets are proposed. The impact of the COVID-19 restrictions were felt most
notably in Building Permit Fees, Zoning Fees and Recreation fees. The one-time
CARES Act allocation was a significant factor in achieving the GF surplus. Revenues
are further discussed below in the Revenue Summary Report.
The proposed budget amendments for GF expenditure reductions are directly from
salary savings of vacant positions and the corresponding Parks and Recreation’s cost
savings from the cancellation of programs. These proposed reductions were also a
factor in achieving the estimated GF surplus for FY21. Additional information is in the
Expenditure Summary Report, revenues may need to be further reduced which could
wipe away the estimated surplus for FY21. Staff will continue to monitor the impacts in
these next few months.
The Mid-Year FY21 Financial Status Report include the following reports:
1. City of Temple City Treasurer's Report;
2. City of Temple City Revenue Summary Report;
3. City of Temple City Expenditure Summary Report; and
4. City of Temple City Capital Improvement Financial Status Report.
City Council
January 19, 2021
Page 3 of 7
1. City Treasurer's Report
This report (Attachment “A”) is completed and submitted to the City
Council on a monthly basis, reflects the market value balances and
investments of $34,358,320 as of December 31, 2020. An additional
$1,786,687 is restricted for use towards Other Post-Employment
Benefits.
Interest rates continue to stay low. As of December 31, 2020, the State
of California’s Local Agency Investment Fund (LAIF) daily interest rate
was at 0.52% but continues to be higher than the rates for other
investment offerings. Staff will continue to monitor and analyze new
investment offerings when re-investing City funds to maximize its
earnings while staying within the guidelines and restrictions of the
Investment Policy.
2. Revenue Summary Report
This report (Attachment “B”) is a summary of revenues by fund and
category for the period of July 1, 2020 through December 31, 2020. The
City has received $3.97 million (26.8% of estimated revenues) in the
General Fund to date. This represents a decrease of $454,730 (-10.3%)
of revenues for the same period last fiscal year.
The decrease in revenue collections is mainly attributable to the impacts
caused by the health order restrictions of the County of Los Angeles
Department of Public Health (“CLADPH”) as a result of the COVID-19
pandemic. The health orders limited the services and sales of
restaurants, retail stores, lodging and group gatherings such as the City’s
Parks and Recreation Department’s class offerings. Even though the
FY21 adopted budget included reductions in certain revenues due to the
pandemic, there were other revenue collections that were lower than
anticipated. Attachment C contains the list of proposed budget
adjustments for City revenues.
The City's General Fund revenues are summarized into seven
categories:
• Taxes include revenues from property taxes, sales taxes, real estate
transfer taxes and franchise fees. Primary revenue sources in this
category are property taxes and sales taxes. This category is
$103,930 lower (-4.5%) than the same period last year primarily due
to the sales tax revenues impacted by the health orders of the COVID-
City Council
January 19, 2021
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19 pandemic. Sales tax revenues are down by 18.1% or (-$132,980)
and Transient Occupancy Tax (TOT) revenues also decreased by
48.3% or (-$11,425). However, the Property Tax revenues increased
by 3.8% or $53,380 as a result in higher real estate property assessed
values. The adopted revenue budgets for Sales Taxes and Property
Taxes already reflect the anticipated changes. However, a budget
amendment to decrease the TOT revenue budget is proposed.
• Licenses and Permits include building permits, business license
fees, animal license fees, parking permits, impound fees, temporary
parking permits, code enforcement fees, in-lieu parking fees and
encroachment permit fees. Actual receipts for Mid-Year are lower
than prior year’s collections by $311,700 (-39.5%) primarily due to
reductions from the effects of COVID-19. The largest reductions
were (-$139,430) from Building Permit Fees and the Temporary
Parking Permit Fees (-$100,580) as overnight parking enforcements
have been suspended. Parking Permit Fees (longer term) and Code
Enforcement Fees were also affected with reductions of (-$35,150)
and (-$9,105) respectively. The revenue collections for these fees
are not at the rate of their budgeted estimates. Therefore, budget
reductions are proposed for these fees.
• Intergovernmental is usually the Motor Vehicle In-Lieu revenues
which are payments from the State of California that are received in
January and May each year. The $443,910 revenues recorded at mid-
year were the result of the one-time CARES Act funds allocated by the
California Department of Finance received from the federal
government’s stimulus act. The revenues were not budgeted in FY21
so a budget amendment is proposed.
• Charges for Services are from recreation fees, facility rental fees, zoning
fees, plan check fees and public works and engineering fees. These
revenues are reflected when services, classes or events are provided.
Actual receipts are significantly lower than the same period last year by
$222,675 (-31.4%). Recreation fees have dropped by -$228,650 or
almost (-100.0%), Facility Rental Fees (-$21,060 or $-100.0%), Zoning
and Fees (-$110,745 or -76.92%). Budget reductions are included in
the Budget Amendment proposals. The reduction in these revenues
were attributable to the restrictions from the COVID-19 pandemic.
Although, Plan Check Fees increased by $136,930 or 46.7% due to a
large project development that is moving forward despite COVID-19.
• Fines and Forfeitures reflect revenues received from court fines on a
monthly basis and parking citations issued by the Los Angeles County
City Council
January 19, 2021
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Sheriff’s Department and the City's Parking Control Officers. Actual
collections were $124,050 lower (-52.8%) than mid-year last year
possibly due to less citations as a result of the stay-at-home order from
the COVID-19 pandemic. A budget amendment is proposed.
• Use of Money and Property category is interest earned on City
investments from LAIF, Certificates of Deposit (CD), and bond
investments. Local Agency Investment Fund interest is received on a
quarterly basis and other investment interests from CDs, Government
Securities and Corporate Bonds are received monthly, semi-annually or
when the account matures. There is a variance between the interest
income received in mid-year FY21 compared to prior year of (-$102,220)
and is as a result of lower interest rates earned on investments. The
interest income in the FY21 adopted budgets have been reduced in
anticipation of the low rates.
• Other Revenue category reflects revenues received on a monthly
basis from reimbursement for recyclable revenue, rental income and
reimbursement of administrative charges from the Lighting and
Landscape District (LLD) and other miscellaneous sources.
Collections are lower by $34,065 (-30.1%) than the same period in
the prior FY due to a decrease in activities. The adopted budgets
have been reduced based on the FY21 estimates.
Non-General funding sources (i.e., Special Revenue Funds) are received
from various funds such as Gas Tax, Proposition A, Proposition C,
Measure R, LLD and CDBG. Some revenues are received on a monthly
basis while others are received when reimbursement requests are
submitted to the other governmental agencies (i.e., or State of California
or Los Angeles County). Actual revenues received are currently lower by
$113,300 (-4.2%) than the same period last year primarily due to
decrease in sales tax revenues as a result of the impacts of the COVID-
19 pandemic. The voter-approved sales tax revenue measures that
receive allocations: Proposition A and C (for public transit) and Measure
R and M (for major street resurfacing and rehabilitation). The estimated
budget allocations in FY21 have been adjusted to reflect the anticipated
reductions in sales tax revenues collected. However, the Bus Pass Sales
budget warrants a reduction as the purchases are currently made at the
various transportation centers due to the closure of City Hall to the
community.
City Council
January 19, 2021
Page 6 of 7
3. Expenditure Summary Report
This report (Attachment “D”) is a summary of expenditures for the period
of July 1, 2020 through December 31, 2020. At mid-year, the percent
expended is generally 50%. However, some payments are made in one
lump-sum for the annual expenses of programs (i.e. memberships,
insurance premiums and CalPERS’ lump-sum contribution) which skew
the reported expenditure percentage. Conversely, programs with lower
percentages spent is attributable to the timing of the invoices submitted
to the City. (i.e. invoicing for contracts with Los Angeles County that
typically have a lag time of one or two months).
The Administrative Services Department (ASD) was over the 50.0%
measurement mark for mid-year at 78.2% of its budgeted expenditures.
As discussed above, the primary cause for this was due to the lump-sum
annual payments for general liability insurance premiums and
contributions as well as information technology maintenance support.
In addition, the LLD fund is at 62.3% of their budget and was a result of
a payment for a front-loader vehicle ($170,500) that was approved by
Council in FY 2019-20. Lastly, higher expenditure balances in the
Emergency Services division were due to items purchased to help
mitigate the spread of COVID-19. However, the mid-year total
expenditures for all funds are only 27.5% of the annual budget.
In Attachment “E,” staff is requesting adjustments to various personnel
budgets as a result of vacant positions. Not all vacancies will remain
unfilled this fiscal year as several essential vacancies will be filled within
the next two months as reflected in the attachment. The total salary
savings is estimated at $589,390 of which $525,820 will be from the GF,
$4,305 from Gas Tax Fund and $59,265 for the Lighting and Landscape
District Fund.
4. Fund Balance Estimate
With the proposed budget adjustments to the GF, the estimated
operating revenues over operating expenditures results in a surplus of
$156,060 and is an increase of $103,430 from the adopted estimated
operating surplus of $52,630. However, with the one-time budgets and
CIP projects which include new rollovers from prior year, the FY21 GF
net balance is (-$243,940). The new estimated fund balance at June 30,
2021 is $19.85 million of which $5.81 million is unrestricted.
City Council
January 19, 2021
Page 7 of 7
5. Capital Improvement Financial Status Report
The Mid-Year Capital Improvement Program (CIP) Projects expenditures
(Attachment “F”) is budgeted for a total of $11.42 million and currently
reflect costs for two CIPs, Primrose Park at $52,959 and Las Tunas Drive
Resurfacing at $821,081.
With the significant second surge in the COVID-19 positive cases and deaths,
the health orders will continue to impact of the City’s financial health. Not filling
vacant positions provide relief to the GF budget. However, keeping essential
positions vacant is not sustainable to the operations of the City at a longer term.
Staff will keep monitoring City revenues in the next few months and will inform
Council when significant impacts are determined.
CITY STRATEGIC GOALS:
The City Council is requested to receive and file the Mid-Year FY21 Financial Status
Report to further City's Strategic Goal to promote Good Governance.
FISCAL IMPACT:
This item does not have an impact on the FY21 Budget.
ATTACHMENTS:
A. Treasurer's Report-Mid-Year FY21
B. Revenue Summary Report-Mid-Year FY21
C. Proposed Revenue Budget Amendments-Mid-Year FY21
D. Expenditure Summary Report-Mid-Year FY21
E. Proposed Expenditure Budget Amendments-Mid-Year FY21
F. Capital Improvement Financial Status Report-Mid-Year FY21
ATTACHMENT A
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ATTACHMENT APage 2 of 7
ATTACHMENT APage 3 of 7
ATTACHMENT APage 4 of 7
ATTACHMENT APage 5 of 7
ATTACHMENT APage 6 of 7
ATTACHMENT A
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CITY OF TEMPLE CITY
REVENUE SUMMARY REPORT - ALL FUNDS
MID-YEAR ENDING - DECEMBER 31, 2020
2019-20 2019-20 PERCENT 2020-21 2020-21 PERCENT
BUDGET YEAR TO DATE RECEIVED BUDGET YEAR TO DATE RECEIVED
JUL-DEC JUL-DEC
Taxes 6,423,690$ 2,324,574$ 36.2%6,141,125$ 2,220,645$ 36.2%
Licenses and Permits 1,561,000 789,016 50.5%1,472,340 477,314 32.4%
Intergovernmental 4,817,905 0 0.0%5,018,620 443,910 8.8%
Charges for Services 1,383,350 708,829 51.2%1,420,135 486,153 34.2%
Fines, Forfeitures, & Penalties 500,000 235,082 47.0%400,000 111,029 27.8%
Use of Money and Property 215,000 250,113 116.3%155,000 147,894 95.4%
Other Revenue 218,000 113,179 51.9%185,400 79,115 42.7%
Total General Fund Revenue 15,118,945$ 4,420,793$ 29.2% 14,792,620$ 3,966,061$ 26.8%
Total Special Revenue Funds 7,228,080$ 2,721,479$ 37.7%5,550,850$ 2,608,166$ 47.0%
TOTAL REVENUE 22,347,025$ 7,142,272$ 32.0% 20,343,470$ 6,574,227$ 32.3%
ATTACHMENT B
Page 1 of 1
Current Budget Proposed Revised
Account Budget Budget Budget
Revenue Description Number Amount Adjustment Amount Explanation
General Fund:
Building Permit Fees 01-820-33-3303 $792,830 ($232,830)$560,000 Lower collections than anticipated
Code Enforcement Fees 01-820-33-3313 56,900 (15,450)41,450 Lower collections than anticipated
Court Fines 01-850-36-3601 400,000 (88,970)311,030 Lower collections than anticipated
Facility Rental Fees 01-840-35-3510 54,000 (40,500)13,500 Lower collections than anticipated
Intergovernmental 01-830-34-3428 0 443,910 443,910 CARES Act allocation
Parking Permit Fees 01-820-33-3305 76,560 (38,280)38,280 Lower collections than anticipated
Recreation Fees 01-840-35-3505 505,000 (252,500)252,500 Cancellation of classes and events
Temp Parking Permit Fees 01-820-33-3311 150,000 (75,000)75,000 Suspension of Enforcement
Transient Occupancy Tax 01-810-32-3209 48,000 (36,200)11,800 Lower collections than anticipated
Zoning Fees 01-840-35-3503 270,140 (101,820)168,320 Lower collections than anticipated
Total General Fund Revenue Amendments 2,353,430$ (437,640)$ 1,915,790$
Non-General Fund:
Proposition A
Bus Pass Sales (MTA)15-840-35-3507 $37,545 ($27,220)$10,325 Lower bus pass purchases
Total Non-GF Budget Amendment $37,545 ($27,220)$10,325
CITY OF TEMPLE CITY
FY 2020-21 MID-YEAR REVENUE PROPOSED BUDGET AMENDMENTS
ATTACHMENT C
Page 1 of 1
CITY OF TEMPLE CITY
EXPENDITURE SUMMARY REPORT - ALL FUNDS
MID-YEAR ENDING - DECEMBER 31, 2020
2019-20 2019-20 PERCENT 2020-21 2020-21 PERCENT
BUDGET YEAR TO DATE EXPENDED BUDGET YEAR TO DATE EXPENDED
JUL-DEC JUL-DEC
MANAGEMENT SERVICES DEPARTMENT
City Council 194,190$ 76,341$ 39.3%156,405$ 68,743$ 44.0%
City Manager 1,035,480 530,974 51.3%895,620 436,186 48.7%
City Manager (Library Project)1,500,000 1,500,227 100.0%0 0 0.0%
City Attorney 320,000 130,355 40.7%300,000 105,560 35.2%
Elections 116,800 2,044 1.8%0 0 0.0%
City Clerk 358,485 184,963 51.6%382,735 177,670 46.4%
3,524,955$ 2,424,904$ 68.8%1,734,760$ 788,159$ 45.4%
PUBLIC SAFETY DIVISION
Law Enforcement 4,860,065$ 1,966,722$ 40.5%5,145,410$ 1,614,558$ 31.4%
Traffic Engineering 38,110 23,922 62.8%28,965 8,410 29.0%
Emergency Services 164,740 93,720 56.9%170,760 127,317 74.6%
Parking Administration 317,430 124,902 39.3%306,900 89,307 29.1%
5,380,345$ 2,209,267$ 41.1%5,652,035$ 1,839,591$ 32.5%
ADMINISTRATIVE SERVICES DEPARTMENT
Support Services/Human Resources 143,015 73,737 51.6%137,605 150,529 109.4%
Personnel/Risk Management 731,610 577,728 79.0%787,705 811,293 103.0%
Accounting 644,580 318,602 49.4%677,490 310,185 45.8%
Purchasing 332,120 351,839 105.9%325,140 236,260 72.7%
1,851,325 1,321,906 71.4%1,927,940 1,508,267 78.2%
PARKS & RECREATION DEPARTMENT
Recreation/Human Services 1,405,035 568,312 40.4%1,573,435 305,223 19.4%
Public Transportation 939,735 297,305 31.6%738,210 138,686 18.8%
Parks-Maint./Facilities 1,210,755 654,606 54.1%1,109,105 506,486 45.7%
Trees & Parkways 724,935 386,169 53.3%909,175 566,461 62.3%
4,280,460 1,906,392 44.5%4,329,925 1,516,857 35.0%
ATTACHMENT D
Page 1 of 2
CITY OF TEMPLE CITY
EXPENDITURE SUMMARY REPORT - ALL FUNDS
MID-YEAR ENDING - DECEMBER 31, 2020
2019-20 2019-20 PERCENT 2020-21 2020-21 PERCENT
BUDGET YEAR TO DATE EXPENDED BUDGET YEAR TO DATE EXPENDED
JUL-DEC JUL-DEC
COMMUNITY DEVELOPMENT DEPARTMENT
COMMUNITY ENHANCEMENT DIVISION
Planning 743,770 455,335 61.2%823,085 306,415 37.2%
Building 723,850 282,850 39.1%660,760 221,972 33.6%
Housing 558,500 103,481 18.5%564,915 270,629 47.9%
Community Preservation 620,365 314,646 50.7%506,540 264,662 52.2%
2,646,485 1,156,312 43.7%2,555,300 1,063,678 41.6%
INFRASTRUCTURE & MAINTENANCE DIVISION
Administration & Engineering 672,545 288,459 42.9%698,710 203,779 29.2%
Traffic Signal Maintenance 156,500 53,772 34.4%156,500 31,105 19.9%
Traffic Signs & Strip Maint.119,365 56,454 47.3%131,005 57,410 43.8%
Street and Sidewalk Maintenance 396,000 148,434 37.5%643,965 123,249 19.1%
Solid Waste Management 9,000 1,878 20.9%9,000 0 0.0%
Street Lighting 374,070 132,428 35.4%395,970 28,328 7.2%
General Government Buildings 329,500 180,527 54.8%289,185 137,324 47.5%
Parking Facilities 110,980 56,521 50.9%100,205 55,420 55.3%
2,167,960 918,472 42.4%2,424,540 636,615 26.3%
SUB TOTAL PROGRAM EXPENDITURES 19,851,530 9,937,251 50.1% 18,624,500 7,353,167 39.5%
CAPITAL IMPROVEMENT FUND 5,437,890 507,291 9.3% 11,422,000 874,041 7.7%
EQUIPMENT REPLACEMENT 240,000 0 0.0%18,400 2,950 16.0%
CDBG LOAN REPAYMENT 0 35,000 0.0%0 49,209 0.0%
TOTAL EXPENDITURES 25,529,420 10,479,542 41.0%30,064,900 8,279,367 27.5%
ATTACHMENT D
Page 2 of 2
Current Proposed Revised
Account Budget Budget Budget
Department/Program Reappropriations Number Amount Adjustment Amount Explanation
General Fund:
Management Services Department
City Clerk:
Salaries-Full-Time 01-910-45-4010 188,650 (17,720)170,930 Salary Savings-vacancy (2 months)
City Manager:
Salaries-Full-Time 01-910-42-4010 471,615 (98,090)373,525 Salary savings-vacancy
Parking Administration:
Salaries-Part-Time 01-950-67-4015 112,375 (23,365)89,010 Salary savings-vacancy (9 months)
Community Development Department
General Government/Building
Salaries-Full-Time 01-970-81-4010 55,220 (3,370)51,850 Salary Savings-vacancy (2 months)
Infrastructure & Maint.-Parking Facilities
Salaries-Full-Time 01-970-82-4010 41,010 (2,145)38,865 Salary Savings-vacancy (2 months)
Parks and Recreation Department
Human Services:
Recreation Specialists 01-940-57-4272 123,000 (61,500)61,500 Cancellation of classes
Salaries-Full-Time 01-940-57-4010 246,285 (35,255) 211,030 Salary savings
Salaries-Part-Time 01-940-57-4015 635,485 (254,155) 381,330 Salary savings-programs & events
cancellations
Parks-Maintenance/Facilities
Salaries-Full-Time 01-940-59-4010 379,050 (30,220)348,830 Salary Savings-vacancy (2 months)
Total General Fund Budget Amendments 2,252,690$ (525,820)$ 1,726,870$
Non-General Fund:
Gas Tax
Salaries-Full-Time (Traffic Signals/Striping) 21-960-074-4010 64,310$ (3,205)$ 61,105$ Salary Savings-vacancy (2 months)
Salaries-Full-Time (Street & Sidewalk) 21-960-075-4010 17,705 (1,100)16,605$ Salary Savings-vacancy (2 months)
Lighting and Landscape District
Salaries-Full-Time (Street Lighting)47-960-78-4010 17,920 (1,140)16,780 Salary Savings-vacancy (2 months)
Salaries-Full-Time (Trees & Parkways) 47-970-83-4010 253,660 (48,745)204,915 Salary Savings-vacancy (1 positions at
2 months)
Salaries-Part-Time (Trees & Parkways) 47-970-83-4015 37,485 (9,380)28,105 Salary Savings-vacancy (2 months)
Total Non-GF Budget Amendment 326,770$ (63,570)$ 263,200$
CITY OF TEMPLE CITY
FY 2020-21 MID-YEAR EXPENDITURE PROPOSED BUDGET AMENDMENTS
Page 1 of 1
ATTACHMENT E
Page 1 of 1
CAPITAL IMPROVEMENT PROGRAM PARKS - MAINTENANCE/FACILITIES
PROJECT DETAIL ACCT. NO. XX-980-59-6010
Year To Date
No.Project Funding Source Budget Expenditure Balance
P20-01 Live Oak Park Community Center Improvement (R) Measure A *425,000 - 425,000
P19-14 Primrose Park and Parking Lot Construction (E) State Parks Grant 2,900,000 52,959 2,847,041
P20-03 Replace Conduit and Wiring Temple City Park (N) Park Acquisition *15,000 - 15,000
P21-02 City Yard Front Building Environmental (N) CDBG 25,000 - 25,000
Assessment
Recap of Funding Sources CDBG 25,000 - 25,000
Park Acquisition 15,000 - 15,000
State Parks Grant 2,900,000 52,959 2,847,041
Measure A 425,000 - 425,000
TOTAL CIP - PARKS MAINTENANCE / FACILITIES 3,365,000 52,959 3,312,041
* Reappropriations from FY 2019-20 to FY 2020-21
(E) = Essential (N) = Necessary (M) = Mandated (R) = Routine (D) = Discretionary
JULY 2020 to DECEMBER 2020
PRELIMINARY FINANCIAL STATUS REPORT
CITY OF TEMPLE CITY
Page 1 of 4
ATTACHMENT F
JULY 2020 to DECEMBER 2020
PRELIMINARY FINANCIAL STATUS REPORT
CITY OF TEMPLE CITY
CAPITAL IMPROVEMENT PROGRAM STREET CONSTRUCTION
PROJECT DETAIL ACCT. NO. XX-980-75-6010
Year To Date
No.Project Funding Source Budget Expenditure Balance
P19-05 Safe Clean Water Program (Green Street Impr) (M) Measure W *76,000 - 76,000
P19-07 Pavement Management Street Resurfacing (E) General Fund *105,000 - 105,000
Measure R **1,244,000 - 1,244,000
Road Maintenance and
Repair Act *356,000 - 356,000
Measure M *400,000 - 400,000
Total Pavement Management 2,105,000 - 2,105,000
P19-08 Sidewalks and Cub Ramps ADA Improvements (M) Transportation Development 71,000 - 71,000
Account *
P20-04 Bridge Repair and Maintenance (E) Road Maintenance and 125,000 - 125,000
Repair Act *
P20-05 Las Tunas Drive Resurfacing (E) General Fund *105,000 - 105,000
Proposition C **2,900,000 821,081 2,078,919
Road Maintenance and
Repair Act **864,000 - 864,000
Measure M **736,000 - 736,000
Total Las Tunas Drive 4,605,000 821,081 3,783,919
P20-06 Rosemead Boulevard Median Irrigation (N) Lighting/Landscape 75,000 75,000
Retrofit District *
* Reappropriations from FY 2019-20 to FY 2020-21
** Reappropriations from FY 2019-20 to FY 2020-21 and new adopted budget
(E) = Essential (N) = Necessary (M) = Mandated (R) = Routine (D) = Discretionary
Page 2 of 4
ATTACHMENT F
JULY 2020 to DECEMBER 2020
PRELIMINARY FINANCIAL STATUS REPORT
CITY OF TEMPLE CITY
CAPITAL IMPROVEMENT PROGRAM STREET CONSTRUCTION
PROJECT DETAIL ACCT. NO. XX-980-75-6010
Year To Date
No.Project Funding Source Budget Expenditure Balance
Recap of Funding Sources General Fund 210,000 - 210,000
Proposition C 2,900,000 821,081 2,078,919
Measure W 76,000 - 76,000
Transportation Development
Account 71,000 - 71,000
Measure R 1,244,000 - 1,244,000
Road Maintenance and Repair
Act 1,345,000 - 1,345,000
Measure M 1,136,000 - 1,136,000
Lighting/Landscape District 75,000 - 75,000
TOTAL CIP - STREET CONSTRUCTION 7,057,000 821,081 6,235,919
(E) = Essential (N) = Necessary (M) = Mandated (R) = Routine (D) = Discretionary
Page 3 of 4
ATTACHMENT F
JULY 2020 to DECEMBER 2020
PRELIMINARY FINANCIAL STATUS REPORT
CITY OF TEMPLE CITY
CAPITAL IMPROVEMENT PROGRAM STREET LIGHTING
PROJECT DETAIL ACCT. NO. XX-980-78-6010
Year To Date
No.Project Funding Source Budget Expenditure Balance
P21-03 LED Lighting (R) Lighting/Landscape 1,000,000 - 1,000,000
District
Recap of Funding Sources Lighting/Landscape 1,000,000 - 1,000,000
District
TOTAL CIP - STREET LIGHTING 1,000,000 - 1,000,000
(E) = Essential (N) = Necessary (M) = Mandated (R) = Routine (D) = Discretionary
GRAND TOTAL 11,422,000 874,041 10,547,959
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ATTACHMENT F