HomeMy WebLinkAboutRES-08-6600 (BUDGET FOR FY 2008-2009)1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
RESOLUTION NO. 08-6600
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HERMOSA BEACH, CALIFORNIA, ADOPTING THE BUDGET FOR
THE FISCAL YEAR 2008-2009
WHEREAS, a budget for the fiscal year 2008-2009 has been prepared by the City
Manager, and;
WHEREAS, said budget incorporates expenditures for operating purposes, capital outlay
and capital improvement projects, and;
WHEREAS, said final budget will include the appropriations limit and total annual
appropriations subject to limitation as required by Section 37200 of the Government Code, and;
WHEREAS, the City Council has examined said budget and, after due deliberation and
consideration, has made such amendments to the budget as it deems advisable.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HERMOSA
BEACH, CALIFORNIA DOES RESOLVE AS FOLLOWS:
SECTION 1. That the City Council does hereby approve and adopt the revised budget
for the 2008-2009 Fiscal Year as presented in the documents entitled "City of Hermosa Beach
Budget Summary 2008-2009", as amended by the City Council through June 24, 2008, and
attached as "Exhibit A."
PASSED, APPROVED and ADOPTED this 24th day of June 2008.
PRESIDENT
ATTEST:
City Clerk
City Council and AYOR of the City of Hermosa Beach, California
APPROVED AS TO FORM:
u
w CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$20,070,005
$456, 260
$0
Licenses/Permits
$786,987
$0
$0
Fines/Forfeitures
$2,037,593
$0
$0
Use of Money/Property
$480,508
$5,499
$278,688
Intergovernmental/State
$224,412
$0
$0
Intergovernmental/County
$0
$0
$0
Intergovernmental/Federal
$0
$0
$0
Current Service Charges
$4.187,828
$0
$810,616
Other Revenue
$61,426
$0
$0
TOTAL ESTIMATED REVENUE
$27,848,759
$461,759
$1,089,304
INTERFUND TRANSFERS IN
$892,742
$8,650
$0
ESTIMATED FUNDS AVAILABLE
$28,741,501
$470,409
$1,089,304
ESTIMATED FUND BALANCE
711108
$367,191
$99,686
$3,612,049
TOTAL FUNDS AVAILABLE
$29,108.692
$570,095
$9.701,353
APPROPRIATIONS
Operating Budget
$27,740.793
$559,128
$1.045,930
Capital Outlay
$0
$0
$0
Capital Improvements
$0
$0
$0
TOTAL APPROPRIATIONS
$27,740,793
$559,128
$1,045,930
INTERFUND TRANSFERS OUT
$988,701
$10,967
$4,303
TOTAL APPROPRIATIONS/TRANSFERSOUT
$28,729,494
$570,095
$1,050,233
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTIMATED FUND BALANCE 6130/09
$379,198 (a)
$0
$8,661,120 (b)
(a) DESIGNATIONS/RESERVES OF FUND BALANCE:
(b) Investment In
Affordable Housing
$111,831
Fixed Assets
Reserve for Capital Outlay
$9,592
$10,179,992
Reserve Greenwald Theatre Improvement
donation
$100,000
Sales Tax Receivable - Due 01110
1$ 57,775
$379,198
Storage Lot Loan (reduced by lease revenue)
$1,601,980
Available Fund Balance 0/0
,
,
' Reflects increase to fund balance for fixed asset purchases
in Enterp rise/[ ntem a I Service Funds. "EXHIBIT A"
Y
x CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$20,070,005
$456.260
$0
Licenses/Permits
$786,987
$0
$0
Fines/Forfeitures
$2,037,593
$0
$0
Use of Money/Property
$480,508
$5.499
$278,688
Intergovernmental/State
$224,412
$0
$0
Intergovernmental/County
$0
$0
- $0
Intergovernmental/Federal
$0
$0
$0
Current Service Charges
$4,187,828
$0
$810,616
Other Revenue
$51,426
$0
$0
TOTAL ESTIMATED REVENUE
$27,848,759
$461,759
$1,089,304
INTERFUND TRANSFERS IN
$892,742
$8,650
$0
ESTIMATED FUNDS AVAILABLE
$28,741,501
$470,409
$1,089,304
ESTIMATED FUND BALANCE
7/1108
$367,191
$99,686
$8,612,049
TOTAL FUNDS AVAILABLE
$29,108,692
$570,095
$9,701,353
APPROPRIATIONS
Operating Budget
$27,740,793
$559,128
$1,045,930
Capital Outlay
$0
$0
$0
Capital Improvements
$0
$0
$0
TOTAL APPROPRIATIONS
$27,740,793
$559,128
$1,045,930
INTERFUND TRANSFERS OUT
$988,701
$10,967
$4,303
TOTAL APPROPRIATIONS/TRANSFERS OUT
$28,729,494
$570,095
$1,050,233
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTIMATED FUND BALANCE 6130/09
$379,198 (a)
$0
- $8,651,120 (b) 1
(a) DESIGNATIONS/RESERVES OF FUND BALANCE:
(b) Investment In
Affordable Housing
$111,831
Fixed Assets
Reserve for Capital Outlay
$9,592
$10,179,992
Reserve Greenwald Theatre Improvement
donation
$100,000
Sales Tax Receivable - Due 01/10
$157,775
$379,198
Storage Lot Loan (reduced by lease revenue)
$1,601,980
613010 •
' Reflects increase to fund balance for fixed asset purchases
"EXHIBIT A"
in Enterprise/internal Service Funds.
f �r CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$0
$0
$0
$0
$0
Licenses/Permits
$0
$0
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
$0
$0
Use of Money/Property
$6,101
$18,372
$0
$0
$313,786
Intergovernmental/State
$561,679
$0
$0
$0
$0
Intergovernmental/County
$0
$0
$0
$361,357
$0
Intergovernmental/Federal
$0
$0
$0
$0
$0
Current Service Charges
$0
$57,307
$0
$0
$0
Other Revenue
$0
$0
$0
$0
$0
TOTAL ESTIMATED REVENUE
$567,780
$75,679
$0
$361,357
$313,786
INTERFUND TRANSFERS IN
$0
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$567,780
$75,679
$0
$361,357
$313.786
ESTIMATED FUND BALANCE
711108
$59,400
$239,254
$272,655
$3
$345,727
TOTAL FUNDS AVAILABLE
$627,180
$314,933
$272,655
$361,360
$659,513
APPROPRIATIONS
Operating Budget
$0
$102,163
$0
$0
$0
Capital Outlay
$0
$0
$0
$0
$0
Capital Improvements
$244,377
$0
$0
$340,800
$213,547
TOTAL APPROPRIATIONS
$244,377
$102,163
$0
$340,800
$213,547
INTERFUND TRANSFERS OUT
$370,211
$0
$0
$20,557
$175,000
TOTAL APPROPRIATIONS/TRANSFERSOUT
$614,588
$102,163
$0
$361,357
$388,547
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTIMATED FUND BALANCE 6/30109
$12,692 (c)
$212,770
$272,655
$3
$270,96611
(c) RESERVE
Traffic Congestion Relief -
$12,592
Available Fund Balance 6130/09 $0 $212,770 $272,655 $3 $270,966
Reflects increase to fund balance for fixed asset purchases
in Enterprisellnternal Service Funds.
Y
^r ` CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$0
$3,500
$0
$0
Licenses/Permits
$0
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
$0
Use of Money/Property
$17,020
$8,600
$208
$40
Intergovernmental/State
$0
$0
$0
$0
Intergovernmental/County
$0
$0
$0
$0
Intergovernmental/Federal
$0
$0
$0
$0
Current Service Charges
$0
$0
$0
$0
Other Revenue
$0
$232,920
$0
$4,620
TOTAL ESTIMATED REVENUE
$17,020
$245,020
$208
$4,660
INTERFUND TRANSFERS IN
$0
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$17,020
$245,020
$208
$4,660
ESTIMATED FUND BALANCE
711108
$195,472
$101,730
$3,866
$352
TOTAL FUNDS AVAILABLE
$212,492
$346,750
$4,074
$5,012
APPROPRIATIONS
Operating Budget
$0
$33,495
$0
$1,925
Capital Outlay
$0
$17.500
$0
$0
Capital Improvements
$194,260
$295,755
$0
$0
TOTAL APPROPRIATIONS
$194,260
$346,750
$0
$1,925
INTERFUNDTRANSFERS OUT $0 $0 $3,013 $2,693
TOTAL APPROPRIATIONS/TRANSFERS OUT $194,260 $346,750 $3,013 $4,618
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTIMATED FUND BALANCE 6130109 $18,232� $0 _ $1,061 $394
Available Fund Balance 6130109 $18,232 $0 $1,061 $394
' Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
Y
CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$0
$0
$0
$0
Licenses/Permits
$0
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
$0
Use of Money/Property
$0
$617
$818
$39
Intergovernmental/State
$0
$0
$0
$0
Intergovernmental/County
$0
$0
$0
$0
Intergovernmental/Federal
$0
$0
$0
$0
Current Service Charges
$0
$0
$0
$0
Other Revenue
$3,324
$9,391
$10,379
$2,958
TOTAL ESTIMATED REVENUE
$3,324
$10,008
$11,197
$2,997
INTERFUND TRANSFERS 1N
$0
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$3,324
$10,008
$11,197
$2,997
ESTIMATED FUND BALANCE
711108
$2,548
$10,624
$14,066
$337
TOTAL FUNDS AVAILABLE
$5,872
$20,632
$25,263
$3,334
APPROPRIATIONS
Operating Budget
$1,650
$6,160
$6,710
$1,925
Capital Outlay
$0
$0
$0
$0
Capital Improvements
$0
$0
$0
$0
TOTAL APPROPRIATIONS
$1,650
$6,160
$6,710
$1,925
INTERFUND TRANSFERS OUT $1,132 $3,279 $3,748 $1,144
TOTAL APPROPRIATIONSITRANSFERS OUT $2,782 $9,439 $10,458 $3,069
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTMATED FUND BALANCE 6130109 $3,090 $11,193 $14,805 $265
Available Fund Balance 6130109 $3,090 $11,193 $14,805 $265
' Reflects increase to fund balance for fixed asset purchases
in Enterprisellnternal Service Funds.
Y
CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$0
$320.077
$265,529
$0
Licenses/Permits
$0
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
$0
Use of Money/Property
$0
$42,842
$109,098
$0
Intergovernmental/State
$0
$0
$0
$5,165
Intergovernmental/County
$0
$0
$0
$0
Intergovernmental/Federal
$206,576
$0
$0
$1,354,598
Current Service Charges
$0
$5,425
$0
$0
Other Revenue
$0
$0
$0
$0
TOTAL ESTIMATED REVENUE
$206,575
$368,344
$374,627
$1,359,763
INTERFUND TRANSFERS IN
$0
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$206,575
$368,344
$374,627
$1,359,763
ESTIMATED FUND BALANCE
711108
$5
$861,458
$2,017,547
$0
TOTAL FUNDS AVAILABLE
$206,580
$1,229,802
$2,392,174
$1,359,763
APPROPRIATIONS
Operating Budget
$9,241
$186,879
$0
$5,165
Capital Outlay
$0
$0
$0
$0
Capital Improvements
$197,334
$0
$1,508,816
$1,354,598
TOTAL APPROPRIATIONS
$206,575
$186,879
$1,508,816
$1,359,763
INTERFUND TRANSFERS OUT $0 $0 $0 $0
TOTAL APPROPRIATIONS/TRAN SFERS OUT $206.575 $186,879 $1,506,816 $1,359,763
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTIMATED FUND BALANCE 6130109 $5 $1,042,923 $883,358 $0
Available Fund Balance 6130109 $5 $1,042,923 $883,358 $0
' Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
Y
'rA CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$0
$100,000
$0
Licenses/Permits
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
Use of Money/Property
$5,852
$11,948
$71
Intergovernmental/State
$23,751
$0
$0
Intergovernmental/County
$0
$0
$0
Intergovernmental/Federal
$0
$0
$0
Current Service Charges
$0
$0
$0
Other Revenue
$0
$0
$0
TOTAL ESTIMATED REVENUE
$29,603
$111,948
$71
INTERFUND TRANSFERS IN
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$29,603
$111,948
$71
ESTIMATED FUND BALANCE
711108
$132,360
$116,583
$1,664
TOTAL FUNDS AVAILABLE
$161,963
$228,531
$1,735
APPROPRIATIONS
Operating Budget
$1.000
$36,265
$0
Capital Outlay
$0
$52,434
$0
Capital Improvements
$0
$0
$0
TOTAL APPROPRIATIONS
$1,000
$86,699
$0
INTERFUND TRANSFERS OUT $0 $0 $1,223
TOTAL APPROPRIATIONS/TRANSFERS OUT $1,000 $88,699 $1,223
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTIMATED FUND BALANCE 6130109 $160,963 $139,832 $512
Available Fund Balance 6130109 $160,963 $139,832 $512
' Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
■
` CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$0
$0
$0
Licenses/Permits
$0
$0
$0
Fines/Forfeitures
$0
$10,100
$0
Use of Money/Property
$41,321
$4,063
$8,615
Intergovernmental/State
$5,164
$0
$0
Intergovernmental/County
$25,000
$0
$0
Intergovernmental/Federal
$0
$0
$0
Current Service Charges
$31,329
$0
$0
Other Revenue
$4,000
$0
$91,647
TOTAL ESTIMATED REVENUE
$106,814
$14,163
$100,262
INTERFUND TRANSFERS IN
$700,000
$0
$0
ESTIMATED FUNDS AVAILABLE
$806,814
$14,163
$100,262
ESTIMATED FUND BALANCE
711/08
$180,414
$83,193
$0
TOTAL FUNDS AVAILABLE
$987,228
$97,356
$100,262
APPROPRIATIONS
Operating Budget
$845,318
$0
$0
Capital Outlay
$0
$0
$0
Capital Improvements
$140,693
$0
$0
TOTAL APPROPRIATIONS
$986,011
$0
$0
INTERFUND TRANSFERS OUT $0 $0 $100,000
TOTAL APPROPRIATIONS/TRANSFERS OUT $986,011 $0 $100,000
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTIMATED FUND BALANCE 6/30109 $1,217 $97,356 (c) $262�
(c) Deslgnated Dept of Justice Funds
$9,989
(c) Designated Dept of Treasury Funds
$730
' Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
u
CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$0
$0
$0
$0
Licenses/Permits
$0
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
$0
Use of Money/Property
$54,540
$234,697
$115,040
$3.599
intergovernmental/State
$0
$0
$0
$0
Intergovernmental/County
$0
$0
$0
$0
Intergovernmental/Federal
$0
$0
$0
$0
Current Service Charges
$0
$0
$0
$0
Other Revenue
$0
$0
$0
$0
TOTAL ESTIMATED REVENUE
$54,540
$234,697
$115,040
$3,599
INTERFUND TRANSFERS IN
$0
$0
$175,000
$0
ESTIMATED FUNDS AVAILABLE
$54,540
$234,697
$290,040
$3,599
ESTIMATED FUND BALANCE
711108
$751,592
$4,372,456
$1,080,385
$92
TOTAL FUNDS AVAILABLE
$806,132
$4,607,153
$1,370,425
$3,691
APPROPRIATIONS
Operating Budget
$0
$0
$0
$3,691
Capital Outlay
$0
$0
$0
$0
Capital Improvements
$0
$0
$1,170,425
$0
TOTAL APPROPRIATIONS
$0
$0
$1,170,425
$3,691
INTERFUND TRANSFERS OUT
$270.472
$500,000
$0
$0
TOTAL APPROPRIATIONS/TRANSFERS OUT
$270,472
$500,000
$1,170,425
$3,691
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
$J�
ESTIMATED FUND BALANCE 6130109
$535,660
_ $4,107,153 (d)
$200,000 (d)
(d) RESERVES:
(d) RESERVES:
Advance to Utility
Advance to Utility Districts
Districts
$200,000
$65,520
Storage Lot Loan (reduced by lease revenue) 80
Available Fund Balance 6/30/09 $535,660 $3,737,829 $0 $0
' Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$0
$0
$0
Licenses/Permits
$0
$0
$0
Flnes/Forfeitures
$0
$0
$0
Use of Money/Property
$0
$549
$12.378
Intergovernmental/State
$0
$0
$0
Intergovernmental/County
$0
$0
$0
Intergovernmental/Federal
$0
$0
$0
Current Service Charges
$0
$0
$0
Other Revenue
$0
$0
$0
TOTAL ESTIMATED REVENUE
$0
$549
$12,378
INTERFUND TRANSFERS IN
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$0
$549
$12,378
ESTIMATED FUND BALANCE
711108
($65,520)
$9,657
$174,157
TOTAL FUNDS AVAILABLE
($65,520)
$10,206
$186,535
APPROPRIATIONS
Operating Budget
$0
$0
$0
Capital Outlay
$0
$0
$0
Capital Improvements
$0
$0
$130,686
TOTAL APPROPRIATIONS
$0
$0
$130,656
INTERFUND TRANSFERS OUT $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $0 $0 $130,686
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTIMATED FUND BALANCE 6/30109 ($65,520) $10,206 $55,849
Available Fund Balance 6130109 ($65,520) $10,206 $65,849
' Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
s
CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$0
$0
$0
Licenses/Permits
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
Use of Money/Property
$5,050
$0
$4.022
Intergovernmental/State
$0
$0
$0
Intergovernmental/County
$0
$0
$0
Intergovernmental/Federal
$0
$0
$0
Current Service Charges
$0
$0
$0
Other Revenue
$0
$o
$0
TOTAL ESTIMATED REVENUE
$5,050
$0
$4,022
tNTERFUND TRANSFERS IN
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$5,050
$0
$4,022
ESTIMATED FUND BALANCE
711108
$89,657
($200,000)
$11,344
TOTAL FUNDS AVAILABLE
$94,707
($200,000)
$15,366
APPROPRIATIONS
Operating Budget
$0
$0
$0
Capital Outlay
$0
$0
$0
Capital Improvements
$0
$0
$0
TOTAL APPROPRIATIONS
$0
$0
$0
INTERFUND TRANSFERS OUT $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $0 $0 $0
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTIMATED FUND BALANCE 6130/09 $94,707 ($200,000) $16,366
Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
is
CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$0
$0
$0
Licenses/Permits
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
Use of Money/Property
$1,490
$807
$211
Intergovernmental/State
$0
$0
$0
Intergovernmental/County
$0
$0
$0
Intergovernmental/Federal
$0
$0
$0
Current Service Charges
$0
$0
$0
Other Revenue
$0
$0
$0
TOTAL ESTIMATED REVENUE
$1,490
$807
$211
INTERFUND TRANSFERS IN
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$1,490
$807
$211
ESTIMATED FUND BALANCE
7/1/OB
$9,762
$2,715
$745
TOTAL FUNDS AVAILABLE
$11,252
$3,522
$956
APPROPRIATIONS
Operating Budget
$0
$0
$0
Capital Outlay
$0
$0
$0
Capital Improvements
$0
$0
$0
TOTAL APPROPRIATIONS
$0
$0
$0
INTERFUND TRANSFERS OUT $0 $0 $0
TOTAL APPROPRIATIONSITRANSFERS OUT $0 $0 $0
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTIMATED FUND BALANCE 6/30109 $11,252 $3,522 $956 i
' Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
Y
^' CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$0
$0
$0
Licenses/Permits
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
Use of Money/Property
$3,100
$3,227
$693
Intergovernmental/State
$0
$0
$0
Intergovernmental/County
$0
$0
$0
Intergovernmental/Federal
$0
$0
$0
Current Service Charges
$0
$0
$0
Other Revenue
$0
$0
$0
TOTAL ESTIMATED REVENUE
$3,100
$3,227
$693
INTERFUND TRANSFERS IN
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$3,100
$3,227
$693
ESTIMATED FUND BALANCE
711108
$27,590
$99,358
$2,290
TOTAL FUNDS AVAILABLE
$30,690
$102.585
$2,983
APPROPRIATIONS
Operating Budget
$0
$0
$0
Capital Outlay
$0
$0
$0
Capital Improvements
$0
$0
$0
TOTAL APPROPRIATIONS
$0
$0
$0
INTERFUND TRANSFERS OUT $0 $0 $0
TOTAL APPROPRIATIONSITRANSFERS OUT $0 $0 $0
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTIMATED FUND BALANCE 6/30109 $30,690 $102,685 $2,983
Available Fund Balance 6130/09 $30,690 $102,585 $2,983
' Reflects Increase to fund balance forfixed asset purchases
in Enterprise/Internal Service Funds.
u
r CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$0
$0
$21,215,371
Licenses/Permits
$0
$0
$786,987
Fines/Forfeitures
$0
$0
$2,047,693
Use of Money/Property
$0
$0
$1,793,509
I ntergovernmental/State
$0
$0
$820,171
Intergovernmental/County
$0
$0
$386,357
Intergovernmental/Federal
$0
$0
$1,561,173
Current Service Charges
$2,150,866
$1,443,660
$8.687,031
Other Revenue
$0
$8,000
$428,665
TOTAL ESTIMATED REVEN U E
$2,150,866
$1,451,660
$37,726,957
INTERFUND TRANSFERS IN
$780,051
$0
$2,556,443
ESTIMATED FUNDS AVAILABLE
$2,930,917
$1,451,660
$40,283,400
ESTIMATED FUND BALANCE
711/08
$622,880
$6,473,880
$27,181,224
TOTAL FUNDS AVAILABLE
$3,553,797
$7,925,540
$67,464,624
APPROPRIATIONS
Operating Budget
$2,592,823
$1,340,365
$34,520,626
Capital Outlay
$0
$199,054
$268,988
Capital Improvements
$0
$979,823
$6,771,114
TOTAL APPROPRIATIONS
$2,592.823
$2,519,242
$41,560,728
INTERFUND TRANSFERS OUT $0 $100,000 $2,556,443
TOTAL APPROPRIATIONS/TRANSFERS OUT $2,592,823 $2,619,242 $44,117,171
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS$1,178,877 $1,178,877
ESTIMATED FUND BALANCE 6/30109 $960,974 $6,485,175 (f) $24,526,330
(f) Investment In
Fixed Assets
$4,053,281
Storage Lot Loan (reduced by lease revenue) :00:0•
Available Fund Balance 6130109 $404,174 $1,875,090 $9,809,600
' Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
Y
CITY OF HERMOSA BEACH BUDGET SUMMARY
2008-09 BUDGET
ESTIMATED REVENUE
Taxes
$20,070,005
$456.260
$0
Licenses/Permits
$786,987
$0
$0
Fines/Forfeitures
$2,037,593
$0
$0
Use of Money/Property
$480,508
$5,499
$278,688
Intergovernmental/State
$224,412
$0
$0
Intergovernmental/County
$0
$0
$0
Intergovernmental/Federal
$0
$0
$0
Current Service Charges
$4,187,828
$0
$810,616
Other Revenue
$61,426
$0
$0
TOTAL ESTIMATED REVENUE
$27,848,759
$461,759
$1,089,304
INTERFUND TRANSFERS IN
$892,742
$8,650
$0
ESTIMATED FUNDS AVAILABLE
$28.741,501
$470,409
$1,089,304
ESTIMATED FUND BALANCE
7/1108
$367,191
$99,686
$8,612,049
TOTAL FUNDS AVAILABLE
$29,108,692
$570,095
$9,701.353
APPROPRIATIONS
Operating Budget
$27,740,793
$559.128
$1,045.930
Capital Outlay
$0
$0
$0
Capital Improvements
$0
$0
$0
TOTAL APPROPRIATIONS
$27,740,793
$559,128
$1,045,930
INTERFUND TRANSFERS OUT
$988.701
$10,967
$4,303
TOTAL APPROPRIATION S/TRANSFERS OUT
$28,729,494
$570.095
$1,050,233
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS'
ESTIMATED FUND BALANCE 6130109 $379,198 (a) $0 $8,651,120 (b)
(a) DESIGNATIONS/RESERVES OF FUND BALANCE: (b) Investment In
Affordable Housing $111,831 Fixed Assets
Reserve for Capital Outlay $9,592 $10,179,992
Reserve Greenwald Theatre Improvement
donation $100,000
Sales Tax Receivable - Due 01/10 15$ 7,77�5
$379,198
Storage Lot Loan (reduced by lease revenue) $1,601,980
Awgilable Fund Balance i 0•
` Reflects increase to fund balance for flxed asset purchases
in Enterprise/lntemal Service Funds. "EXHIBIT A"
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF HERMOSA BEACH
I, Elaine Doerfling, City Clerk of the City of Hermosa Beach, California, do
hereby certify that the foregoing Resolution No. 08-6600 was duly and regularly passed,
approved and adopted by the City Council of the City of Hermosa Beach at a Regular
Meeting of said Council at the regular place thereof on June 24, 2008.
The vote was as follows:
AYES:
Bobko, DiVirgilio, Keegan
NOES:
Tucker, Mayor Reviczky
ABSTAIN:
None
ABSENT:
None
Dated: July 8, 2008
Elaine Doerfling, City Clerk