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Home My WebLink AboutAPRIL 26,1980 ROLL CALL 25:0007 N I NUT E S CITY COUNCIL OF TIlE CITY OF ARCADIA ADJOURNED REGULi\R NEETING APRIL 26, 1980 The City Council of the City of Arcadia met in an adjourned regular session on Saturday April 26, 1980 at 8 a.m. in the Arcadia City Hall Conference Room. Purpose of this meeting was to review portions of the 1980~8l Budget. PRESENT: ABSENT: Councilmen Dring, Giib, Haltom, Saclid, Pellegrino None Items covered at this session were as follows: FEDERAL REVENUE SHARING PROGRAN. This Program ends September 30, 1980, and reenactment is dependent on approval by Congress. If the City is entitled to funds under a new program the adoption of a budget for the period from October 1, 1980 to June 30, 1981 would follow new regula- tions. This Program must be audited. CAPITAL IHPROVENENT PROJECTS PROGRAN 1980-81 Indicating estimated funds available and revenues. This report also includes projects previously authorized but not yet started. COUNTY GAS TAX BUDGET 1980-81 Indicating revenue and the proposed use thereof. This is allocated to the City from County Aid to Cities funds for maintenance and construc- tion of approved Select System of Streets. PARKS AND RECREATION FACILITIES FUND BUDGET Estimated funds available and proposed projects. The Arcadia Municipal Code provides that Park and Recreational Facilities Fund shall be used for the acquisition, improvement or maintenance of public parks or play- grounds, or the equipment thereof. SEHER SYSTEH SERVICE FUND Estimated funds available and proposed use thereof. Ordinance l640 levies a service charge on all residential and commercial properties that have a setver connection. The charge is... 50<;: per month on residen- tial or residential units and $2 per month for other premises. Ordinance No. 1642 levies a charge on all residential and commercial properties receiving street s~veeping service. The charge is computed on the lincal feet of street frontage and frequency of service, STATE GAS TAX FUND Estimated Funds and proposed projects along with projects previously budgeted but not commenced. The revenues of the Gas Tax Fund are derived from the City's share of State Gasoline Taxes allocated to the City pursuant to the California Streets and Higlmays Code. The proposed improvemcnt projects are included in the 5-year Capital Program. HATER FUND FINANCIAL PROJECTION Revenues, Expenditures and Cumulative Fund Balances were indicated. Operating expenses do not include provision for a proposed 50% Edison rate increase. It is anticipated that a 20% water rate'increase may -l- 4-26-80 25:0008 be needed in October of 1982. This increase ~....ould provide an esti- mated additional revenue of $180,000 in 1982-83 and $300,000 in the follatving fiscal year. During this revict.... the \.Jatcr rlanager responded to questions, and noted specifically that tIle City 113S a surcharge ordinallcc but it has never been implemented. EQUIP~U,NT P,EPJACENENT fUND - Estimated Funds Avaibble reflected and eqllipmcnt to be replaced. SELf FUNDED INSURANCE RESERVE FUND - Premiums for liability and firc insurance arc included in the General City Budget. RcnctoJal date on general liability coverage is Junc l, 1980. RECESS ARCADL\ REDEVELOP~IENT AGENCY - Beginning balancc indicatcd with cs- ti1111 ted revenues from property tax increments and contracts receiv- able - principal and interest, also rent. Expenditures t'lith totals due Capital Outlay Fund Loan "nd total due General Funds from Agency Operations. A scp.:lrate report reflected Loans Payable as of June 30, 1980, and tot"l ARA due City Funds. PROPOSED BUDGETS BY FUNDS - Funds indicated --- Transfer from be- ginning balance, cstinuted revenues other than property tax and amount from property taxes. Su}~~RY OF PROPERTY TAX REVENUES - Estimated for 1979-80 and 1980-8l. Distribution of t"x revenues by funds (General Fund and Debt Service.) (The estimated property taxes for the t"o fiscal years include State Assistance Funds (AB 8) in the amount of $458,000. ESTlllATED REVENUES OTHER THAN PROPERTY TAXES - GENERAL FUND This tv<1S revietved item by item. GENERAL FUND - Current estimate for end of the fiscal year. AVERAGE PAYOUTS EACH }!ONTH - informational data. Reflecting payables out of all funds and the General Fund. Also salary and fringe bene- fits from all funds and the general fund. Projection of General Fund appropriations - based on annual increase of 870 for Personal Services, Supplies and Outlay Items. UTILITY TAX - this reflected estimeted revenue through June 1980 both at the current 7% and at a 5%. During this deliberation the reduction from 7% to 5% "as discussed and it was felt that \.;ith the figures sub- mitted at this meeting and at subsequent segsions and the impact of Proposition 9 if it passes, the City Council will be in a better posi- tion to take action if it so desires. PROPOSITION 9 - STATE INCO}m TAX REDUCTION INITIATIVE Other areas covered by the Finance Director t,lerc: Revenue Source - indicating the estimated cut-back in the General Fund if the measure passes June 3. Debt Service County Gas Tax Lighting Naintenance Districts Revolving Funds Traffic Safety Vehicle Parking District Nos. 1 and 2 Cash Basis Grant Programs including the Senior Citizens Program -2- 4-26-80 ADJOURNrlENT 8 a.m. Hay 10 I 25:0009 Police, Dial-a-ride, Ceta and Federal Urban Aid- Deferred Compensation Bond and Interest - Arcadia Industrial Park Parking District Bikctvay The City Council \.Jill begin rcvictving the individual dcp.:1rtrnental budgets for 1980-81 at its next study session.- At 12 noon the meeting adjourned to Saturday rhy 10, 1980 at 8 a.m. in the Conference Room. -3- 4-26-80