HomeMy Public PortalAbout10) 7E FY 2015-16 City Budget - First Quarter Budget AmendmentsAGENDA
ITEM ?.E.
ADMINISTRATIVE SERVICES DEPARTMENT
MEMORANDUM
DATE: November 3, 2015
TO: The Honorable City Council
FROM: Bryan Cook , City Manager
Via : Tracey L. Hause , Administrative Services Director
By: Lee Ma , Accountant
SUBJECT: FISCAL YEAR (FY) 2015-16 CITY BUDGET -FIRST QUARTER BUDGET
AMENDMENTS
RECOMMENDATION:
The City Council is requested to authorize staff to revise various budgeted appropriations
1 for the FY 2015-16 City Budget as indicated in Attachment "A" to e nsu re actual spending
,. levels are within budgeted appropriations du ring the current fiscal year.
BACKGROUND:
1. On June 16 ,2015, the City Council approved the FY 2015-16 City Budget.
2. On September 15 , 2015 , the City Council approved the following budget
amendments: $9 ,000 for additional cost sharing for the Rio Honda Channel
Collaborative Load Reduction Strategy; and a total of $37 ,000 for both traffic calming
measures for the Encinita Avenue (between Las Tunas D ri ve and Broadway
Avenue) and for the Arden Drive (between Da in es Drive and Lower Azusa Road ).
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. Fo r the first quarter budget amendments, staff
is recommending the appropriation adjustments in Attachment "A " as follows:
• Private/Special Contract Services in the Accounting Division-An appropriation for
Actuarial and Technology Services for a Total Liability Calculator for CaiPERS
Pension and Other Post Retirement Benefits (OPEB).
City Council
November 3, 2015
Page 2 of 2
• Bank Charges -The cost for credit card transaction fees for registration of the
Parks and Recreation has been accounted for in the Recreation Fees . The City
should account for revenues from registration fees as a revenue and the costs
associated with registering for classes as an expenditure . As a result staff is
recommending the Estimated Revenues for Recreation Fees and Bank Charges
in the Accounting Division be adjusted accordingly. There are no additional
resources required from Unappropriated Fund Balance as the proposed
adjustments are offset.
• Private/Special Contract Services in the Solid Waste Management Division - A
re -appropriation from Unappropriated Fund Balance for the prior fiscal year 's
unspent funds for the Professional Services Agreement with R3 for review of the
Athens Contract.
• Public Transportation (Proposition A Funds) for Bus Shelters -An additional
appropriation from Unappropriated Fund Balance for shade structures for three
bus shelters on Rosemead Boulevard .
CITY STRATEGIC GOAL:
Approval of the 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
2015-16 and further City's Strategic Goal to promote Good Governance .
FISCAL IMPACT:
This item has an impact on the FY 2015 -16 City Budget. If the City Council approves the
recommended adjustments , an additional $20 ,000 will be added to the Estimated
Revenues in the General Fund , offset by an appropriation $20 ,000 . Additional
appropriations from Unappropriated Fund Balance in the General Fund include $9 ,500
for Liability Calculators and $10 ,800 for professional services for solid waste activities will
be made . Further, an additional appropriation from Proposition A funding from
Unappropriated Fund Balance for the three bus shelters on the Rosemead Boulevard will
also be recorded .
ATTACHMENT:
A . FY 2015-16 First Quarter Revenue and Appropriation Adjustments
Re venue Description
Recreation Fees
Tot al Revenue Adjustment
Department /Progam
Accounting
Private/Special Con tract Services
Bank Charges
Soli d Waste Management
Private/Specia l Con tract Services
Publi c Transporta t ion
Bus Shelter
Total Appropriation Adjustments
Account Number
0 1-8 40-35-3505
Account Number
01-920-48-4 231
01-920-48-4480
01-960-77 -4231
15-940-58-4541
CITY OF TEMPLE CITY
FY 2015-16 FIRST QUARTER REVENUE ADJUSTMENTS
Orginal Budget Propose d
Amount Adju stments
600,000 20,000
600,000 20,000
Revised Budget
Amount
620,000
620,000
CITY OF TEMPLE CITY
Explanat ion
Amount offset by credit card and transaction fees
FY 2015-16 FIRST QUARTER APPROPRIATION ADJUSTMENTS
Orgina l Budget
Amount
6,000
40,000
4 6,000
Pr o p osed
Adj u stments
9,500
20,0 00
10,800
9 0,000
130,300
Revised Budget
Amount
15,500
60,000
10,800
90,000
176,300
Page 1 of 1
Explanation
To tal liability calculator for CaiPERS Pension and OPEB
Cost offset by Recreation Fee s for credit card t ransaction f ees
Reappropriation from l ast fiscal year unspent fund
Three shade structures for three bu s shelter s on Rosemead
Boulevard
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