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Home My WebLink AboutMaterials Distributed at Meeting* Note: Inventory is excluded from the fund Balances. GENERAL FUND - FISCAL YEAR 2009 -10 BUDGET REVIEW c FY 2008 -09 FY 2008 -09 as of FY 2009 -10 FY 2009 -10 Current Review Sept 15th Actual Adopted Budget Projection Beginning Fund Balance * $4,955,503 $4,955,503 $4,391,000 $4,900,612 Revenues: Revenues 40,468,907 40,673,595 40,725,840 39,759,002 Transfer in from other funds 3,962,728 4,166,852 4,380,610 4,380,610 Total Revenue: 44,431,635 44,840,447 45,106,450 44,139,612 Expenditures: Operating Expenditures 44,334,345 43,934,996 44,736,680 44,736,680 Transfer out - Lighting District 506,608 521,808 578,700 578,700 Transfer out - Local Law Enfrcmnt - 78,133 77,070 77,070 Transfer out — Wrks' Comp Fund - 360,400 - - Total Expenditure: 44,840,953 44,895,337 45,392,450 45,392,450 Revenue over / (under) expenditure (409,318) (54,891) (286,000) (1,252,838) Ending Fund Balance * $4,546,185 $4,900,612 $4,105,000 $3,647,774 * Note: Inventory is excluded from the fund Balances. GENERAL FUND - FISCAL YEAR 2009 -10 BUDGET REVIEW Beginning Fund Balance * Revenues: Revenues Transfer in from other funds Total Revenue: Expenditures: Operating Expenditures Transfer out - Lighting District Transfer out - Local Law Enfrcmnt Transfer out — Wrks' Comp Fund Total Expenditure: Revenue over / (under) expenditure Ending Fund Balance * FY 2008 -09 FY 2008 -09 FY 2009 -10 FY 2009 -10 as of Actual Adopted Budget Current Review Sept 15th Projection $4,955,503 $4,955,503 $4,391,000 $4,900,612 40,468,907 40,673,595 40,725,840 39,759,002 3,962,728 4,166,852 4,380,610 4,380,610 44,431,635 44,840,447 45,106,450 44,139,612 44,334,345 43,934,996 44,736,680 44,736,680 506,608 521,808 578,700 578,700 - 78,133 77,070 77,070 - 360,400 - - 44,840,953 44,895,337 45,392,450 45,392,450 (409,318) (54,891) (286,000) (1,252,838) $4,546,185 $4,900,612 $4,105,000 $3,647,774 * Note: Inventory is excluded from the fund Balances. 2 � f � GENERAL FUND - FISCAL YEAR 2009 -10 BUDGET REVIEW Beginning Fund Balance * FY 2008 -09 as of Sept 15th $4,9559503 FY 2008 -09 Actual $499559503 FY 2009 -10 Adopted Budget FY 2009 -10 Current Review Projection $49391,000 $4,9009612 Revenues: 578,700 Transfer out - Local Law Enfrcmnt - 78,133 77,070 77,070 Revenues 40,468,907 40,673,595 40,725,840 39,759,002 Transfer in from other funds 3,962,728 4,166,852 4,380,610 4,380,610 45,1069450 44,1399612 Total Revenue: 449431,635 449840,447 Expenditures: Operating Expenditures 44,334,345 43,934,996 44,736,680 44,736,680 Transfer out - Lighting District 506,608 521,808 578,700 578,700 Transfer out - Local Law Enfrcmnt - 78,133 77,070 77,070 Transfer out — Wrks' Comp Fund - 360,400 - - 45,392,450 45,392,450 Total Expenditure: 44,840,953 44,895,337 Revenue over / (under) expenditure (409,318) (54,8 (286,000) 1 (1,252,838) Ending Fund Balance * $4,546,185 $4,900,612 1 $4,105,000 1 $3,647,774 * Note: Inventory is excluded from the fund Balances. 3 CITY OF ARCADIA GENERAL FUND FY 2009 -10 BUDGET REVIEW Revenues: Property tax Public Safety Augmentation Franchise fee Sales tax Transient occupancy tax Utility users tax Business license tax Building permits Plan check fee Motor vehicle license fee Ambulance charge All other FY 2009 -10 FY 2009 -10 $ Change % Change Adopted Estimated Budget vs. Budget vs. Budget Actual Estimate Estimate 9,102,000 9,218,268 116,268 1.3% 390,000 342,903 (47,097) -12.1% 1,100, 000 1,100, 000 - 0.0% 9,189,000 8,122,350 (1,066,650) -11.6% 2,495,000 2,495,000 - 0.0% 5,300,000 5,300,000 - 0.0% 961,580 961,580 - 0.0% 680,000 680,000 - 0.0% 535,000 535,000 - 0.0% 4,526,000 4,556,642 30,642 0.7% 900,000 900,000 - 0.0% 5,547,260 5,547,260 - 0.0% Total Revenue: $40,725,840 $ 39,759,002 $ (966,838) -2.37% 4 f f CITY OF ARCADIA GENERAL FUND FY 2009 -10 BUDGET REVIEW Revenues: Property tax Public Safety Augmentation Franchise fee FY 2009 -10 FY 2009 -10 $ Change % Change Adopted Estimated Budget vs. Budget vs. Budget Actual Estimate Estimate 9,102,000 9,218,268 116,268 1.3% 390,000 342,903 (47,097) -12.1% 1,100, 000 1,100, 000 - 0.0% Sales tax 9,189,000 8,122,350 (1,066,650) -11.6% Transient occupancy tax 2,495,000 2,495,000 - 0.0% Utility users tax 5,300,000 5,300,000 - 0.0% Business license tax 961,580 961,580 - 0.0% Building permits 680,000 680,000 - 0.0% Plan check fee 535,000 535,000 - 0.0% Motor vehicle license fee 4,526,000 4,556,642 30,642 0.7% Ambulance charge 900,000 900,000 - 0.0% All other 5,547,260 5,547,260 - 0.0% Total Revenue: $40,725,840 $ 39,759,002 $ (966,838) -2.37% 5 OPTION 1: FY 09 -10 Proiected Deficit Balance: Reserves /Revenue /Contract Savinas: FY 08 -09 Remaining Reserve 450,000 FY 09 -10 Reserve (Council approved) 300,000 FY 09 -10 User Fee Increase (already approved) 270,000 General Plan Update Savings 86,529 Savings - Janitorial & Porter Contract 43,751 Unfilled Vacancies Savinas: DSD - Assistant Planner - vacant 6 months 37,325 Library - Librarian II - vacant 3 months 19,606 PD — Two (2) vacant positions / vacant for several 64,840 months PW - Maint Worker - vacant 2 months 9,374 PW - Maint Worker (2) - vacant 6 months 56,244 PW - Fleet Technician I - vacant 2 months 11,419 PW - Storekeeper /Buyer - vacant 5 months 7,310 Net Surplus / (Deficit) Balance: f $ (1,252,838) 1,150, 280 206,118 $ 103,560 6 OPTION 2: FY 09 -10 Projected Deficit Balance: $ (1,252,838) Reserves /Revenue /Contract Savings: Gas Tax Transfer to General Fund / Deferral of 500,000 Street Rehab FY 09 -10 Reserve (Council approved) 300,000 FY 09 -10 User Fee Increase (already approved) 270,000 General Plan Update Savings 86,529 Savings - Janitorial & Porter Contract 43,751 1,200,280 Unfilled Vacancies Savinas: DSD - Assistant Planner - vacant 6 months 37,325 Library - Librarian II - vacant 3 months 19,606 PD - Two (2) unfilled positions / vacant for 64,840 several months PW — Maint. Worker - vacant 2 months 9,374 PW — Maint. Worker (2) - vacant 6 months 56,244 PW - Fleet Technician I - vacant 2 months 11,419 PW - Storekeeper /Buyer - vacant 5 months 7,310 206,118 Net Surplus / (Deficit) Balance: $ 153,560 OPTION 3: 11 FY 09 -10 Projected Deficit Balance: $ (1,252,838) Reserves /Revenue /Contract Savings: Remaining 5% Priority List (Involves Critical Service Cuts) 346,440 FY 09 -10 Reserve 300,000 FY 09 -10 User Fee Increase 270,000 General Plan Update Savings 86,529 Savings - Janitorial & Porter Contract 43,751 1,046,720 Unfilled Vacancies Savings: DSD - Assistant Planner - vacant 6 months 37,325 Library - Librarian II - vacant 3 months 19,606 PD — Two (2) unfilled positions / vacant for 64,840 several months PW — Maint. Worker - vacant 2 months 9,374 PW — Maint. Worker (2) - vacant 6 months 56,244 PW - Fleet Technician I - vacant 2 months 11,419 PW - Storekeeper /Buyer - vacant 5 months 7,310 206,118 Net Surplus / (Deficit) Balance: $ _ REMAINING 5% LIST (POLICY ITEMS ) & ADDITIONAL CUTS Department Remaining 5% Additional Possible Cuts Total ASD $ 5,200 $ 5,800 $ 11,000 CM 47,000 - 47,000 DSD 118,028 26,680 144,708 FD 469,103 - 469,103 LIB 29,310 114,342 143,652 P &R 20,640 4,420 # 25,060 PD 116,240 - 116,240 PW 130,529 101,559 232,088 TOTAL: $ 936,050 $ 252,801 $ 1,188,851 # - Total budget savings is $24,960; FY 09 -10 = $20,640; FY 10 -11 = $4,320; Additionally, $4,420 is revenue generated IF a fee of $5 /person is charged for the Track Meet event. * - Savings from: 1) Extending tree trimming from 4yrs to 5yrs - $28,456; 2) Decrease street sweeping from weekly to bi- weekly - $73,103 0