HomeMy Public PortalAbout13) 9A Fiscal Year 2014-15 City Budget - First Quarter Budget AmendmentsAGENDA
ITEM 9.A.
ADMINISTRATIVE SERVICES DEPARTMENT
DATE: November 18 2014
TO: The Honorable City Council
MEMORANDUM
FROM: Bryan Cook, City Manager
Via: Tracey L. Hause, Administrative Services Director
By: Lee Ma, Accountant
SUBJECT: FISCAL YEAR (FY) 2014-15 CITY BUDGET - FIRST QUARTER BUDGET
AMENDMENTS
RECOMMENDATION:
The City Council authorizes staff to revise various budgeted appropriations for the FY
2014-15 City Budget as indicated in Attachment "A" to ensure actual spending levels are
within budgeted appropriations during the current fiscal year.
BACKGROUND:
1. On June 3, 2014, the City Council approved the FY 2014-15 City Budget.
2. On August 5, 2014, the City Council approved a budget amendment in the amount
of $26,500 to host and co-sponsor the 2015 Sing Tao Lunar New Year Street
Festival. To offset the cost to the City, Sing Tao will reimburse the City $10,000.
3. On September 2, 2014, the City Council approved a budget amendment in the
amount of $15,000 for relocation of a streetlight pursuant to contractual terms with
the Temple City Gateway LLC.
4. On September 16, 2014, the City Council approved a budget amendment in the
amount of $41,610 to purchase a telephone system from KTS Networks.
ANALYSIS:
Throughout the fiscal year, staff monitors revenues and expenditures and makes
recommendations for revised revenue estimates and adjustments to appropriations
quarterly, if necessary, and at mid -year. For the first quarter budget amendments, staff
is only recommending the appropriation adjustments in Attachment "A" be made at this
City Council
November 18, 2014
Page 2 of 2
time to ensure actual spending levels in individual line items are within budgeted
appropriations as of September 30, 2014.
Staff is requesting $40,000 for As -Needed Economic Development Services, which may
include appraisal services, evaluation of lease terms and agreements, and overall market
analysis for individual and specific commercial areas and sites. This $40,000 is requested
from Unassigned General Fund Fund Balance. Staff will regularly report back to City
Council on the use of the fund and specific services rendered. The City has issued and
received responses to an RFP for As -Needed Economic Development Services.
CONCLUSION:
These recommended appropriation adjustments are necessary to ensure actual spending
levels in individual line items do not exceed budgeted appropriations at the close of the
first quarter of FY 2014-15.
FISCAL IMPACT:
This item has an impact on the FY 2014-15 City Budget. If the City Council approves the
recommended appropriation adjustments, an additional $575,000 of which $50,000 is for
the General Fund, will be added to the Estimated Revenues, $1,705,895 to the
Appropriations from re -appropriation and carry over amounts from the last fiscal year, and
a $40,000 new funding from General Fund for this year As -Needed Economic
Development Services.
ATTACHMENT:
A. FY 2014-15 First Quarter Revenue and Appropriation Adjustments
Revenue Description
PW/Engineering Fees
Affordable Housing Fees
Sewer Reconstruction
Congestion Management Fees
Park Acquisition
Public Art Fees
Total Revenue Adjustments
CITY OF TEMPLE CITY
FY 2014-15 FIRST QUARTER REVENUE ADJUSTMENTS
78,000 575,000
Page 1 of 2
653,000
Orginal Budget
Proposed
Revised Budget
Account Number
Amount
Adjustments
Amount
Explanation
01-840-35-3512
-
50,000
50,000
Eningeering fees will now be accounted for in a separate
line item
32-840-35-3513
-
150,000
150,000
Linden Walk- Development Impact Fees
33-840-35-3502
60,000
71,000
131,000
Linden Walk- Development Impact Fees
35-840-35-3506
1,000
(1,000)
-
This fee is no longer collected
46-840-35-3504
17,000
161,000
178,000
Linden Walk- Development Impact Fees
51-840-35-3514
-
144,000
144,000
Linden Walk- Development Impact Fees
78,000 575,000
Page 1 of 2
653,000
CITY OF TEMPLE CITY
FY 2014-15 FIRST QUARTER APPROPRIATION ADJUSTMENTS
Department/Progam Account Number
City Manager ,
Private/Special Contract Services 01-910-42-4231
Parks -Maintenance Facilities
Private/Special Contract Services 01-940-59-4231
Solid Waste Management
Private/Special Contract Services 01-960-77-4231
Capital Improvement Program
Revised Budget
Street Sweeping Signage
60-980-72-4810 P14-05
Upgrade Sewer Line on Longden
60-980-75-4810 P08-07
from Rosemead to Encinita
271,800
Rosemead Boulevard Improvement
60-980-75-4810 P08-11
Project
Reappropriation from last fiscal year unspent approved
Installation of 45 Separate
60-980-75-4810 P13-13
Improvements around 9 School Sites
- 13,300
Public Parking Lot ADA Accessibility
60-980-76-4810 P14-14
Improvement Project
ADA Accessibility Improvement
60-980-76-4810 P14-15
Temple City Boulevard Project
Carry over from last fiscal year, funding from Gas Tax Fund
Total Appropriation Adjustments
Orginal Budget Proposed
Revised Budget
Amount Adjustments
Amount
Explanation
231,800 40,000
271,800
As -Needed Economic Development Services
- 25,000
25,000
Reappropriation from last fiscal year unspent approved
funding for a Parks and Recreation Facilities Fee Study
- 13,300
13,300
Reappropriation from last fiscal year approved remain
fundingfor the analysis of waste management contract
- 10,000
10,000
Carry over from last fiscal year, funding from Gas Tax Fund
- 194,000
194,000
Carry over from last fiscal year, funding from EPA Grant
- 855,000
855,000
Carry over from last fiscal year, funding from various
funding sources
- 458,370
458,370
Carry over from last fiscal year, funding from General Fund
and SR2S
- 76,060
76,060
Carry over from last fiscal year, funding from CDBG
- 74,165
231,800 1,745,895
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74,165 Carry over from last fiscal year, funding from CDBG
1,977,695