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HomeMy Public PortalAbout10) 10A FY 2016-17 Mid-Year Budget ReviewAGENDA ITEM 10 .A. DATE: TO: FROM: ADMINISTRATIVE SERVICES DEPARTMENT MEMORANDUM February 21 , 2017 The Honorable City Council Bryan Cook , City Manager Via : Tracey L. Hause , Administrative Services Director By: Lee Ma , Accountant SUBJECT: FISCAL YEAR (FY) 2016-17 MID-YEAR BUDGET REVIEW, TREASURER'S REPORT, REVENUE, EXPENDITURE AND CAPITAL PROJECT SUMMARY REPORTS RECOMMENDATION: The City Council is requested to : 1. Receive the FY 2016 -17 Mid -Year Budget Rev iew and related reports ; and 2 . Authorize staff to revise various budgeted appropriations as indicated in Attachment "A". BACKGROUND: 1. On June 21 ,2016 , the City Council approved the FY 2016 -17 City Budget. 2 . On July 5, 2016 , the City Council re-appropr iated the remaining $30 ,000 from FY 2015-16 to FY 2016-17 for the workstation remodel in the Community Development Department. 3 . On August 16 , 2016 , the City Council approved an additional $77 ,500 for the Temple City Veterans Memorial Project funded by the Park Acquisition Fund . 4 . On November 15 , 2016 , the City Council approved the first quarter budget amendments in the amounts of $32 ,200 in appropriations and $168 ,700 in re- appropriations from the General Fund ; $14 ,000 in appropriations from the Gas Tax; and $1 ,810 from the Lighting/Landscape District Fund . 5. On January 17, 2017 , the City Council approved second quarter budget City Cou ncil February 21, 2017 Page 2 of 7 amendments of $95,000 and re-approp riat ions between programs of $45,500 from the General Fund un appropriated Fund Balance , $162 ,350 re-appropriations from FY 20 15-16 to FY 20 16-17 for th e Live Oak Pa rk Walking and Jogg in g Path Project ($1 00,000 from 51h Distri ct Excess Fund Grant, $41,850 from Park Acquisition Fund , and $20 ,500 from General Fund); and $25,000 for the estimated rev e nu e and appropriation in the Community Development Block Grant (C DB G) Fun d for housing re hab i litatio n loan re pa y me nt will be recorded . ANALYSIS: The FY 2016-17 Mid-Year Budget review process prov ides the City Counc il with an opportunity to review and adj ust orig ina l revenue project ions and budgeted appropriations based on six months of actual activity . Adjustments can result as cha ng es in reven ue projections based on actu al revenue received from July 1, 2016 through Decem ber 31, 2016 , as we ll as unanticipated expenditures due to inform ation that was not previously available. The City con tinu es to s how positive financial results. It is through the significant diligence of staff by find ing cos t-cutting strateg ies that the City has bee n able to preserve its financi a l health without e l iminat ing services . While res ults have been positive , th e City co ntinues to mon itor revenues close ly and to strictly co ntrol expend itures . 1. FY 2016-17 GENERAL FUND REVENUES After a careful and th orough review of the FY 2016-17 General Fund revenues , staff is not maki ng a ny recomme ndation s for revisions at this time , as after a number of years , budget estimates are show ing more cons istent forecasting and estimated revenu es (i.e., Motor Vehicle in -lieu fee) are catc hing up to actual revenue realized in prior years. Howeve r, a quick review of the City's major revenues sources is provided : • Property Tax: Pro pe rty taxes continue to be one of th e City's strongest reven ue sources. Und e r Proposition 13 , property is generally reassessed on ly when there is a change in owne rs hip . After which , its assessed va lu e is adjusted a nnu a lly by an infl ation factor not to exceed two percent. Temple City's assessed valuati ons continue to inc rease and t he median home prices have exceeded the pre-recession leve ls of 2007 . Du e to accurate budgeting last spri ng , no adjustment is recommended at this time . • Sales Tax: Sales tax in c reased $186 ,000 from th e second quarter in FY 20 16- 17 over the same quarter in FY 2015-16. However, based on the prior and c urrent f isca l years' actua l rece ipts received a nd w ith the continued strong environme nt of re ta il sales , no ad justment is recomm ended at this time . • Other Taxes : Oth e r tax revenu es i~clude franchis e fees , trans ie nt occupancy tax a nd rea l es tate tr ans fer tax . Franchise fe es are fees co ll ected from service City Council February 21 ,2017 Pag e 3 of 7 providers , who provide utility se rvi ces to the residen ts, such as Athens Services , The Gas Company, Southe rn Califo rni a Edison and cable television. A 10 % transient occ up ancy tax is co ll ecte d from each gu est that re nts a room from any hote l located w ith in the City . The ta x is remitted directly to the City by the hotel owners on a monthly basis . Rea l estate tra nsfer tax is a tax that is collected when there is a c han ge in ownership of all rea l propert ies. No adjustments are recomme nde d at th is time . • License & Permits : Li ce nse & permits include building permits , business license fees , animal license fees , pa rkin g pe rmi t fees , impo und fees , temporary park ing permits , code e nforce ment fees and temp orary parki ng pe rm it fees . Ba sed on the first six month s of revenues received in FY 2016-17 , staff is not recommen ding any adjustments . • Motor Vehicle in -lieu fee (VLF): VLF was established in 1935 as a uniform statewide tax, th e VLF is a tax on the owners hip of a registered vehicle in place of taxing ve hicl es as personal property. By law, all revenues from the VLF fund ci ty and co unty services , but the state legislature controls the tax rate and the allocation among local gove rnm e nts . In 20 04 , the Legislature permanently re du ce d th e VLF t ax rate and e limin ated sta te gene ral fund backfill to cities and co unties . In st ead , c iti es and cou nti es now receive additio na l trans fers of property tax rev en ues in lieu of VLF . This has been the most significant adjustments in prior years . • Charges for Services : Charges for services are revenues received from recreation fees , facility re ntal fees , zoning fees and plan check fees . These revenues are refl ected when serv ices , classes or events are provided . Based on the current rev e nu es, th e re a re no adjustments recommended at this time. Staff may come to City Co un c il , at a late r time to suggest fee adjustments to recreatio n fees as a result of possible increases in the cost of facilities for programs. • Court Fines : Court fines are revenues co l lected from citations written from both the Lo s Ange les County Sheriff's Department and authorized City staff. Based on cu rrent act ivity there are no adjustments recommended. • Interest on Investments : The City receives interest on various investments on a monthly , quarterly , semian nually , or annua l ba sis depending on the type of investment. Currently the City invests with Lo cal Agency Investment Fund (LAIF); Ce rt ificat es of Deposit (CD); th e Los Angeles County Investment Pool (LACIP ) and other various Federal notes a nd agencies . Based on curren t activity there are no adjustments recomm ended. • Other Revenues : Other revenues includ e recyclable revenue , rental i ncome, sa les of City prop erty , donations and reimbursements . Based on actual co ll ecti o ns for th e first s ix months of FY 2016 -17 , no adjustme nts recomme nd ed City Coun cil February 21 , 2017 Page 4 of 7 at this time. 2. FY 2016-17 GENERAL FUND AND OTHER EXPENDITURES Th e adopted FY 2016-17 City Budget totaled $23 .3 m ill ion in Operating Expenditures, Vehicle/Equ ipment Outlay and Capita l Improvement Projects. The table below summarizes staff's recommendations for mid -year adjustments : FY I ncrease FY 2016-17 Department/Fund 2016-(Decrease) Revised Pe rcent 17 Change Budget Expenditures Projection Recreation/Human Services -TCUSD- General Fund $30,000 $8 ,030 $38 ,030 27% Parks Ma int/Facilities - MainURepair-96 Pa rk Bond $30,000 $15 ,000 $45 ,000 50% CIP-Co urt Resurfacing -Park Acquisition Fund $0 $20,000 $20,000 - C IP -Rebu ild Ci ty Yard Roof -G enera l Fund $14,500 $30 ,500 $4 5 ,000 2 10 % Total $74,500 $73 ,530 $148,030 99% An additional budget amendment in the amount of $8 ,030 is needed to pay for the remaining cost of Temple City U nified School Dist ri ct facilities for spring recreation programs . The City is currently reviewing the costs of facilities for recreation programs . Live Oak Park Community Center Roof Repa ir -The roof is almost 20 years old and has no repair or maintenance i n the past. Portions of the roof are leaking and now in need of repair. Areas of the leak are kitch e n; Acorn Rooms ; and administrat iv e offices . A budget amendment in the amount of $15,0 00 is requested to adequately repair the roof. Staff will request reimbu rsement through the 1996 Los Ange les County Park Bond , Maintenance and Servicing Funds . Court Resurfacing Proje ct-This project consists of resurfacing the two (2) half-court basketbal l courts ; on e (1) fu ll-court basketball cou rt ; and three (3) tennis courts at Live Oak Pa rk. The surfacing material has worn away which may lead to slipping on the courts . A budget amendment in the amount of $20 ,000 from the Pa rk Acquisition Funds is requ ested for this project. City Council February 21, 2017 Page 5 of 7 Rebuild City Yard Roof-Additional of $30 ,500 is needed to adequately rebuild and complete this project funded by General Fund . 3. EQUIPMENT/VEHICLE REPLACEMENT The City adopted a budget for Equipment/ Vehicle Replacement of $90 ,200 of which $77 ,000 is funded by the General Fund . No adjustment is recommended at this time . 4. GENERAL FUND CAPITAL IMPROVEMENT PROJECTS (CIP) With the adoption of FY 2016-17 City Budget, the City Council approved $5 .3 million in CIP expenditures , of which 20 .8 % of the total expend itures or $1 .1 million were funded by the General Fund . No adjustment is recommended at this time. 5. FUND BALANCE ANALYSIS (GENERAL FUND) Attachment "B" provides an analysis of the General Fund Balance . Estimated General Fund Balances at June 30, 2017 , are provided : • At July 1, 2016 , when the FY 2016-17 City Budget was adopted ; • At January 31 , 2017 , which includes actual Fund Balance at July 1, 2016 , is now available due to completion of the audited Comprehensive Annual Financial Report (CAFR) and budget adjustments for the f irst seven months of operations ; and • Estimated General Fund Balance at June 30 , 2017 , is presented assuming the recommended adjustments in this report are approved and implemented . The analysis further articulates the resources that are available in accordance with the City's adopted Budget Reserve Policy . It is anticipated the City will be moving into the FY 2017-18 City Budget process with an unassigned Fund Balance of almost $2 .9 million . Committed and Assigned Reserves for restr icted purposes remain intact. 6. CITY TREASURER'S REPORT The Treasurer or Chief Fiscal Officer is requ i red 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 depos its to the legislative body and the Chief Administrative Officer. The attached Treasurer's Report (Attachment "C"), which is completed monthly and submitted to the City Counci l on a monthly and quarterly basis , reflects the balance as of December 3 1, 2016 . City Council February 21, 2017 Page 6 of 7 7. REVENUE SUMMARY REPORT This report (Attachment "0 ") is a summary of actual revenues for the period of July 1, 2016 to December 31 , 2016 . By the end of the second quarter the percent of revenue received is generally 50%, except for those types of revenues that are received annua lly such as business l icenses , 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 rece ipts collected to date. Detailed discussions about revenue col lections year to date have been addressed earlier in this report. 8. EXPENDITURE SUMMARY REPORT (INCLUDING EQUIPMENT REPLACEMENT This report is a summary of actual expenditures for the period of July 1, 2016 to December 31 , 2016 (Attachment "E"). 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 . 9. CAPITAL IMPROVEMENT FINANCIAL STATUS REPORT Th e second quarter expenditures (Attachment "F") reflect costs for nine projects : Live Oak Pak Walking and Jogging Path (additional $162,350 re -appropriations from FY 2015 -16 was requested and approved for this project on January 17 , 2017); V etera n's Monument; Renovation of Las Tunas Drive Lighting ; Update Traffic Signals on Temple City Boulevard and other safety improvements ; Update Traffic Signals Citywide and insta llation of other safety improvements; Repaving of Street per Re- assessment Pavement Management Plan ; Las Tunas Drive Study; City Hall Space Plann ing Project; and Temple City Boulevard Parking Lot Project. CITY STRATEGIC GOALS: Receiving the Mid-Year Budget Report and Financial Status Reports at the c lose of the second quarter of FY 2016-17 and authorizing Mid-Year Budget adjustments , this action will further the City's Strategic Goal to promote Good Governance. FISCAL IMPACT: If the City Council approves the above mentioned FY 2016-17 Mid-Year Budget adjustments in the amount of $73 ,530, the FY 2016-17 City Budget will be $23 ,754 ,880 . City Council February 21 , 2017 Page 7 of 7 ATTACHMENTS: A. FY 2016-17 Mid-Year Gene ral Fund Appropriation Adjustments B. FY 2016-17 Fund Balance Analysis C. City Treasurer's Report D. Revenue Summary Report E. Expenditure Summary Report F. Capital Project Financial Status Report Department/Progam Recreation/Human Services Temple City Unified School Di strict Parks Maintenance/Facilities Maintenance & Repair Capital Improvement Program Improvement Imp rovement CITY OF TEMPlE CITY FY 2016-17 MID YEAR APPROPRIATION ADJUSTMENTS Account Number 01-940 -57 -4617 R17 -01 01 -940-59 -4510 60-980-59 -4810 P17 -06 60 -980-81 -4810 P14 -ll Total Operating Proposed Original Budget Adjustments Revised Budget Expla n ation 30,000 8,030 38,03 0 Addition al amou nt needed to pay for f acility rental 30,000 15,000 0 20,000 14,500 30,500 74,500 73,530 45,000 Repair Live Oak Park Community Ce nter Roof 20,000 Resurfacing six courts at Live Oak Park 45,000 Additional amount needed to rebuild City Yard Roof 148,030 )> --1 ~ () I ~ m z --1 )> ATTAC HMENT 8 CITY OF TE MPLE CITY FY 2016-17 GENERAL FUND BALANCE ANALYS IS FY 2016-17 Budget Amendments (Jul -Jan) and FY 2016-17 Adopted Budget Actual Fund Balance (6-30-16) Mid -Year Budget Review Estimated Fund Balance July 1, 2016 Des1gnated s Nonspendable $ -$ 463,539 $ 463.539 Comm itted $ 3 ,500,000 $ 3,500,000 $ 3 ,500,000 Assigned $ 12,302,864 $ 12,302,864 $ 12,302,864 Unassig ned $ 4 ,573,003 $ 3,538,853 $ 3 ,538,853 Total Fund Balance Before Re serves $ 20,375,867 $ 19,805,256 $ 19 ,805.256 Reserved (Internal Purposes) City Loan (Calabee's) $ -$ -$ - City Loan (Chamber) $ 3 ,600 $ 4,600 $ 4 ,100 City Loa ns (Homeowners) $ 56,775 $ 56,775 $ 56.775 CRA Loans $ $ -$ Total Fund Balance July 1, 2016 s 20 ,4 36,242 s 19,866,631 s 19,866,1 31 Revenues $ 13,737,170 $ 13,73 7 ,170 $ 13,7 37 ,170 Transfers In $ 500 $ 500 $ 500 Estimated Expenditures $ (13,658,885) $ (13 ,984 ,7 85) $ (13,992,815) Operating Surplus/Deficit s 78,785 s (247,1 15) s (255,145) Estimated EqUJpNehicle Replacement $ (47 ,000) s (4 7 ,000) $ (4 7 ,000) CIPfTransfers Out $ (1,111 ,430) $ (1.131 ,930) $ (1,162,430) Use of Reserves for Specific Projects $ (1 ,045,850) $ (1 ,045,850) $ (1,045,850) Surplus/Deficit s (2,125,495) s (2,471 ,895) s (2 ,51 0,425) Estimat ed Fun d B alance June 30, 2017 s 18,310,747 s 17,394,736 s 17,355,706 • Estimated Fu nd Balance Designations at June 30, 2017. in accordance with the General Fund Budget Resev e Polley Nonspendable Committed Emergency/D isasters Liquidity Local Econom1c Uncertainty Assigned Fleet Management Facilities Management Technology Replacement Economic Develo pment Opportumtues for One-Time Expenditures Unassigned Internal Reserves (City Loans) $ 50,000 $ 2 ,000,000 $ 1,4 50,000 $ 4 00,000 $ 3,540,000 s 53,392 s 2 ,021 ,983 $ 4 ,391 ,639 $ $ $ $ $ $ 463,359 3,500.000 10,407,014 2 ,924,458 60,875 17,355.706 CITY OF TEMPLE CITY TREASURER'S REPORT December 31, 2016 Cash in Bank Wells Fargo Bank-Checking -Payroll -Merchant Card US Bank -Checking Camellia Fund Eas t West Bank -Monthly Market Account Wells Fargo Bank -Checkin g Petty Cash LA IF Effective Quarter to Date Yield 12/31/16 0.680% MorganStanley SmithBarney Certificates of Deposit Weig hted Average to Date Yield 12/31/16 1.538% Governme nt Securities Weighted Average to Date Yield 12/31/16 1.052 % Corpora te Fixed Income Weig ht ed Average to Date Yield 12/31/16 1.640% Money Ma rket Mutual Securities Government Securities Weighted Average to Date Yield 12/31/161.216% Money Market US Bank Certificates of Deposit Weighted Average to Date Yield 12/31/16 1.169% Governme nt Securities Weighted Average to Date Yield 12/31/16 1.159% Lo s Angeles County Pool Investment Fund As of 12/31/1 6 1.030% OPES Investment As of 11/30/16 TOTAL PRIOR MONTH STATUS Total $ $ COST VALUE 1,147,772.23 14,386 .11 15,059.69 56,948.35 160,000.00 10 ,444 .27 2 ,100.00 1 ,341,444.48 2 ,786 ,000 .00 1 ,2 00 ,0 00 .00 1,501,715 .00 10,662 .73 5,500,000.00 6 ,250 .14 3 ,973,000 .00 986,092 .50 5,500,000 .00 1 '1 00 ,000 .00 25,311,875.50 24,215 ,371 .26 ATTACHMENT C $ $ MARKET VALUE 1 '147 ,772 .23 14 ,386 .11 15 ,059 .69 56,948 .35 160 ,000 .00 10 ,444 .27 2,100 .00 1 ,340,670.47 2, 796 ,186.85 1 '179,942 .00 1,497,974 .06 10,662 .73 5,404 ,160.00 6 ,250 .14 3,973 ,000.00 994 ,777 .50 5 ,616 ,7 04 .75 1,284 ,479.53 25 ,511,518.68 24,442 ,330 .07 All investments are placed in accorda nce with the City of Temple City's Investment Pol icy. The above summary provides sufficient cash flow liquidity to meet the next six month's estimated expenditures. This report is in accordance w ith Government Code Section 53646 . TRACEY L. HAUS E CITY TREASURER Taxes Licenses and Permits Intergovernmental Charges for Services F1nes , Forfeitures, & Penalilles Use of Money and Property Miscell aneous Total General Fund Revenue Total Special Revenue Funds TOTAL REVENUE CITY OF TEMPLE CITY REVENUE SUMMARY REPORT -All FUNDS QUARTER ENDiNG -December 31 , 2016 2015-16 BUDGET 5 ,505 ,540 1,423,000 3 ,517,000 1,499,100 500,000 200,000 241 ,000 12 ,885,640 5 ,849 ,550 18,735,190 ============== 2015-16 YEAR TO DATE JUL-DEC 1,777 ,331 821 ,678 22,448 798,093 164 ,100 72 ,240 156,866 3,812,756 1,295,351 5,108 ,107 ============== 2016-17 BUDGET 5 ,827 ,000 1,465,000 4 ,000 ,000 1 ,507 ,170 500,000 200,000 238,000 13,737,170 6 ,149,480 19,886,650 ============ 2016-1 7 YEAR TO DATE JUL-DEC 2 ,039,144 837,931 0 709 ,933 136,857 83,746 150,202 3 ,957,813 1,872 ,285 5 ,830,098 ============== PERCENT RECEIVED 35% 57% 0% 47% 27% 42% 63% 29% 30% 29 % ============== )> -i ~ () I ~ m z -i 0 MANAGEMENT SERVICES C1ty Counc1l C1ty Manager C1ty Attorney E lections City Clerk ADMINISTRATIVE SERVI CES DEPARTMENT Support Services Insurance/Benefits Accounting Purchasing COMMUN ITY DEVELOPMENT DEPARTMENT Plann 1ng Bu 1ld1ng Housing PARKS & RECREATION DEPARTMENT Recrea tion/Human Serv1ces Public Transportation Parks -Ma 1ntenance/Fac1lities Trees & Parkways CITY OF T E MPLE CITY EXPENDIT URE SUMMARY REPORT -A L L FUNDS QUARTER ENDING -DECEMBER 31,2016 2015-16 2015-16 2016-17 BUDGET YEAR TO DATE BU DG E T JUL-DEC .......... ···-----------------... --................................ ----------.............................................. 17 4 ,545 77,835 178,915 811 ,910 420 ,578 866,395 402 ,000 188,866 382 ,000 0 0 85,875 304 ,610 128,054 324,825 ----------------------------------------- 1,693,065 815,333 1 ,838,010 132,810 69,941 136,600 952,665 577,736 1,005,285 543,510 272 ,570 611 ,510 271 ,900 8 3650 296,595 ----------------- 1,900,885 1,003,897 2 ,049,990 1,886,915 379,581 1 ,609 ,655 767,860 353,623 875 ,910 195,990 60,329 321 ,100 -------------------------------------------------------- 2,850,765 793,533 2 ,806,665 1 ,156,260 588,501 1,255,855 821 885 315,537 852 ,830 983 ,435 460,574 1,055,640 675 ,410 243,183 691 ,690 ------ 3 ,636,990 1 ,607,795 3 ,856,015 2016-17 PERCENT Y EA R T O D A TE EXPEN DED JUL-DEC -----........................ -..... ----------............................................. 73,147 41 % 4 11 ,333 47% 14 1,944 37% 4 ,592 0% 145,165 45% ------------------------------- 776,181 42% 79,730 58% 857,931 85% 360,213 59% 158,534 53% ------------- 1,456,408 71% 498,607 31% 367,501 4 2% 147,962 46% ----------··--··--·----·------------------------ 1,014 ,070 3 6 % 582,582 46% 303,653 52% 551 ,137 309 ,191 45% 45% }> ~ 1,746,563 45% ~ }> 0 I ~ m z ~ m CITY OF T EMPLE CITY EXPENDITURE SUMMARY REPORT -All FUNDS QUARTER ENDING · DECEMBER 31 ,2016 2015-16 2015-16 2016-17 2016-17 PERCENT BUDGET YEAR TO DATE BUDGET YEAR TO DATE EXPENDED JUL-DEC JUL-DEC ........................................ -----------............................ ---------------------·-------------------------------........ -----------..... COMMUNITY DEVELOPMENT DEPARTMENT PUBLIC SAFETY DIVISION Law Enforcement 4 ,017 ,060 1,315,748 4 ,271 ,475 1,101 ,165 26% Traffic Engineering 40 ,000 9 ,619 40,000 7 ,919 20% A nimal Control 201 ,790 92,739 240,045 120 ,067 50% Emergency Services 108,775 45,154 113,075 53 ,836 4 8 % Community Preservation 358,825 125,454 379,860 99,939 26% Park1ng Admin1strat1on 390,545 163,095 409,885 153,005 37% -------·------------------------------- 5 ,116,995 1,751 ,809 5 ,454,340 1,535,931 28% PUBLIC WORKS DIVISION Adm i nistration & Engineering 496,860 137,593 480,550 197,878 41 % Street Clean in g 202,490 85 ,198 208,800 102,711 49% Traffic Signal Maintenance 136,500 53 ,117 136,500 52 ,207 38% Traffic Signs & Stnp Mamt 173,925 34 ,833 142,565 31 '140 22% Street Maintenance 61 ,150 23,763 83 ,100 21 ,965 26% Sidewalk Maintenance 50 ,000 48,433 50,000 29 ,286 59% Solid Waste Management 19,490 2 ,547 10,115 2 ,786 28% Street Lighting 375,425 154,699 394 ,010 144,679 37% ------------------------------------------------ 1 ,515 ,840 540,183 1 ,505,6 40 582,652 39% MAIN TE NANC E DIV ISION General Government BUildings 250,300 117 ,825 253,270 177,553 70% Parkmg Facilities 152,855 56,122 167,080 78 ,548 47% Graffiti Abatement 50 ,000 17,287 50 ,000 12,331 25% ----------------------------- 453,155 191 ,234 470,350 268,432 57 % SUB TOTAL PROGRAM EXPENDITURES 17,167 ,695 6 ,703,784 17,981 ,010 7,380,237 41 % SUB TOTAL PROGRAM EX PENDITURES CAP ITA L IMPROVEME NT FUND EQU IPME NT REPLACEM ENT TRUST FUND TOTAL EXPENDITURES CDBG LOAN REPAYMENT GRAND TOTAL CITY OF TEMPLE CITY EXPENDIT URE SUMMARY REPORT -ALL FUNDS QUARTER ENDING-DECEMBER 31 ,2016 2015 -16 2015-16 2016-17 BUDGET YEAR T O DATE BUDG ET JUL-DEC ............................................ -------------·----------........................................... 17 ,167 ,695 6 ,703 ,784 17 ,981 ,010 2,927 ,330 131 .788 5,327,790 143,900 19,522 90 ,200 0 1,860 0 -------·----------------------- 20 ,23 8,925 6 ,856 ,954 23 ,3 99 ,000 ============== ============== =========== 0 27 ,000 0 20 ,238,925 6 ,883,954 23 ,399,000 ============== ============== =========== 2016 -17 YEAR TO DATE JUL-DEC ---------·------.................... 7 ,380,237 842 ,052 52 ,409 0 ~--------- 8 ,274,698 ============== 25,000 8 ,299 ,698 ============== PERCENT EXPENDED 4 1% 16% 58% 0 % 35% ============== 0% --------- 35 % ============== C A PITAL IMPROVEMENT PROGRAM PROJECT DETAIL No. Project P16 -01 Live Oak Park Walking and Jogging Path P16-02 Veteran's Monum ent P17-01 Renovat io n of Las Tunas Drive Light ing P17-02 Senior Master Plan Recap o f Fun d ing Sources CITY OF TEMPLE CITY PRELIMI NARY FINANCIAL STATUS REPORT JUL 16-DEC 16 Funding Source Budget (D) DEFG 140 ,000 Park Acquisition 10 000 150 ,000 (D) Park Acquisition 197,500 (D) Lighting/Lanscape 9 ,810 District (D) General Fund 20 ,000 General Fund 20 ,000 Park Acqu isition 207 ,500 Lightii ng/Landscape 9,810 Distnct 5th District 2015 Excess 140,000 Funds Grant TOTAL CIP -PARKS MAI NTENANCE I FACILITIES 377,310 (E) = Essential (N) = Necessary (M) = Mandated (R) = Routine PARKS -MAINTENANCE/FACILITIES ACCT. NO . 60-980-59-4810 Year To Date Expenditure Balance 268 ,520 (118,520) 174 ,796 22 ,704 9 ,810 - 20,000 ): -- f 453,126 {75,8 16 ) ~ I! .c. (D) = Discret ionary - I CAPITAL IMPROVEMENT PROGRAM PROJECT DETAIL No. Project P15-06 Update Traffic Signals on Temple City Blvd . between El Camino Rea l Avenue and Ellis Lane , and Other Safety Improvements CITY OF TEMPLE CITY PRELIMINARY FINANCIAL STATUS REPORT JUL 16-DEC 16 Fund ing Source Budget (N) Highway Safety 934 ,560 Improvement Program Prop C 704 ,790 Surface Transportation 437 ,300 P rog ra m Local 2 ,076,650 P15-07 Upgrade Traffic Signa ls Citywide and Install (N) Highway Safety 282 ,900 Other Safety Improvements Improvement Program General Fund 9 ,930 292 ,830 Re c ap o f Funding Sources General Fund 9 ,930 Prop C 704 ,790 Highway Safety 1,217 ,460 Improvement Program Surface Transportation 437 ,300 Program Local TOTAL CIP -TRAFFIC SIGNAL MAINTENANCE 2,369 ,480 (E) = Essential (N) = Necessary (M) = Mandated (R) = Routine TRAFFIC SIGNAL MAINTENANCE ACCT. NO . 60-980-73-4810 Year To Date Expenditure Balance 16 ,055 2 ,060 ,5 95 5,893 286,937 21 ,948 2,347,532 (D) = Discretionary CAPITAL IMPROVEMENT PROGRAM PROJECT DETAIL No. Project P12-04 Citywide Upgrade Traffic Street Signage P13 -02 Repav ing of Streets per Re-assessment Pavement Management Plan P14 -07 NPDES Storm Water Management Project P17 -03 Las Tunas Drive Study Recap of Funding Sources TOTAL CIP-STREET CONSTRUCTION (E) = Essential (N) = Necessary CITY OF TEMPLE CITY PRELIMINARY FINANCIAL STATUS REPORT JUL16-DEC 16 Funding Source Budget (M) General Fund 200 ,000 (E) MeasureR 1,500,000 (E) General Fund 66 ,500 (D) General Fund 200 ,000 General Fund 466,500 MeasureR 1,500 ,000 1,966 ,500 (M) = Mandated (R) = Routine STREET CONSTRUCTION ACCT. NO. 60 -980-75-4810 Year To Date E xpenditure Balance 200 ,000 351 ,922 1,148,078 66 ,500 6 ,820 193,180 358,742 1,607 ,758 (D) = Discretionary CAPITAL IMPROVEMENT PROGRAM PROJECT DETAIL No. Project P14-11 Rebu ild the Roof for the City Yard Build ings P1 7-04 City Hall Space Plann ing Project Recap of Fund i ng So urces TOTAL CIP -GEN GOV'T BLDGS (E) = Essential (N) = Necessary CITY OF TEMPLE CITY PRELIMINARY FINANCIAL STATUS REPORT JUL 16-DEC 16 Funding Source Budget (D) General Fund 14 ,500 (D) Gene ral Fund 50 ,000 General Fund 64 ,500 64 ,500 (M) = Mandated (R) = Routine GENERAL GOVERNMENT BUILDINGS ACCT. NO . 60-980-81-4810 Year To Date E xpenditure Balance 14 ,500 7 ,855 42,145 7 ,855 56 ,645 (D) = Discretionary CAPITAL IMPROVEMENT PROGRAM PROJECT DETAIL No. Project P17 -05 Temple City Blvd . Parking Lot Project Recap of Funding Sourc es TOTAL CIP -GEN GOV'T SLOGS (E ) = Essential (N) = Necessary CITY OF TEMPLE CITY PRELIMINARY FINANCIAL STATUS REPORT JUL 16-DEC 16 Funding Source Bud get (D) General Fund 550 ,000 General Fund 550 ,000 550 ,000 (M) = Mandated (R) = Routine PARKING FACILITIES ACCT. NO. 60-980-82-4810 Year To Date Expend iture Balance 381 549 ,619 381 549,619 (D) = Discretionary