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7R
RESOLUTION NO. 17-7080
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA
BEACH, CALIFORNIA ADOPTING THE BUDGET FOR THE FISCAL
YEAR 2017-2018
WHEREAS, a budget for the fiscal year 2017-2018 has been prepared by the City Manager;
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 2017-2018 Fiscal Year as presented in the documents entitled "City of Hermosa Beach
Budget Summary 2017-2018", and attached as "Exhibit A."
SECTION 2. This Resolution shall take effect immediately. The City Clerk shall certify
to the passage and adoption of this Resolution; shall enter the same in the book of original
Resolutions; and shall make a minute of the passage and adoption thereof in the records of the
proceedings of the City Council meeting at which the same is passed and adopted.
PASSED, APPROVED and ADOPTED this 15th day of June 2017.
PRESIDEN of the City Coun ' and MAYOR of the City of Hermosa Beach, California
ATTEST: PROVED ASTO FORM:
City Clerk City Attorney
Page 1 of 1
17-7080
CITY OF HERMOSA BEACH BUDGET SUMMARY
Preliminary Budget 2017-18
ESTIMATED REVENUE
Taxes
$27.401,331
$457.445
$0
Licenses/Permits
$1, 508, 539
$0
$0
Fines/Forfeitures
$2,390,136
$0
$0
Use of Money/Property
$833,299
$0
$661
Intergovernmental/State
$124.877
$0
$558,197
Intergovernmental/County
$0
$0
$0
Intergovernmental/Federal
$0
$0
$0
Current Service Charges
$7.204.605
$0
$0
Other Revenue
$115,301
$0
$0
TOTAL ESTIMATED REVENUE
$39.578.088
$457.445
$558.858
INTERFUND TRANSFERS IN
$351,298
$86,392
$0
ESTIMATED FUNDS AVAILABLE
$39,929,386
$543.837
$558,858
FUND BALANCE
711/17
$8,908,653
$44,284
($17,972)
16-17 CIP Carry Forward
$1,309,251
$0
$179,577
TOTAL FUNDS AVAILABLE
$50,147,290
$588.121
$720,463
APPROPRIATIONS
Operating Budget
$35,545,195
$577,067
$0
Capital Outlay
$51,136
$0
$0
Capital Improvements- Prior Year
$1,309,251
$0
$179,577
Capital Improvements- Current Year
$800,000
$0
$144,996
TOTAL APPROPRIATIONS
$37,705.582
$577,067
$324,573
INTERFUND TRANSFERS OUT
$1,573,782
$11.054
$302,266
TOTAL APPROPRIATIONS/TRANSFERS OUT
$39,279,364
$588,121
$626,839
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS
ESTIMATED FUND BALANCE 6/30/18
$10.867,926 (a) $0 $93,624
(a) CLASSIFICATIONS OF FUND BALANCE:
Restricted Previous Balance
Current Balance
Verizon PEG Grant
$88,481
$0
General Plan Maintenance Fee
$0
$298,501
Greenwald Theatre Improvement Donation
$45,000
$45,000
Sign Donation
$50,000
$50.000
Committed
In Lieu Fee/ Parking Facility
$115.600
$202,300
Assigned
Contingencies
$5,556,706
$5,687.229
2017-18 Unspecified Contingency
$0
$1.171,000
Unspecified Contingency
$957,645
$957,645
TOT Increase Reserved for CIP 15/16
$231,936
$0
TOT Increase Reserved for CIP 16/17
$522.914
$0
Retirement Rate Stabilization
$1,000,000
$1,000,000
$9.411,675
Fire:
Compensated Absences
340,371
$340,371
For Fire Leave Cashouts
$22,331
Additional Funds Reserved for Full County + Legacy Expenses
$338,699
Fire Department Accrued Leave Balance Cashouts
$701,401
Use Funds Reserved for Full County + Legacy Exp for Cashouts
-$338,699
Use Assigned Compensated Absences Balance for Cashouts
-$340,371
Use Assigned Balace for Fire Leave Cashouts
-$22,331
Facility Payment- 18/19 (Use Reserved TOT Increase)
$418,223
Equipment Conversion Costs- 18/19 (Use Reserved TOT Increase)
$56,596
Reserve for Future Facility/Equip Costs (Remaining TOT Increase)
$280,031
$1,456, 251
z Exhibit A
CITY OF HERMOSA BEACH BUDGET SUMMARY
Preliminary Budget 2017-18
F Yr n
ESTIMATED REVENUE
Taxes
$0
$0
$0
$0
Licenses/Permits
$0
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
$0
Use of Money/Property
$277
$0
$323.680
$25
Intergovernmental/State
$0
$0
$0
$0
Intergovernmental/County
$0
$20.557
$0
$0
Intergovernmental/Federal
$0
$0
$0
$0
Current Service Charges
$58.632
$0
$0
$0
Other Revenue
$0
$0
$0
$0
TOTAL ESTIMATED REVENUE
$58,909
$20,557
$323,680
$25
INTERFUND TRANSFERS IN
$0
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$58,909
$20,557
$323,680
$25
FUND BALANCE
711117
$27,649
$0
$85,361
$21
16-17 CIP Carry Forward
$0
$0
$445,922
$53,728
TOTAL FUNDS AVAILABLE
$86.558
$20,557
$854,963
$53,774
APPROPRIATIONS
Operating Budget
$34 547
$0
$0
$0
Capital Outlay
$0
$0
$0
$0
Capital Improvements- Prior Year
$0
$0
$445,922
$53,728
Capital Improvements- Current Year
$0
$0
$227,864
$0
TOTAL APPROPRIATIONS
$34,547
$0
$673.786
$53.728
INTERFUND TRANSFERS OUT
$0
$20,557
$0
$0
TOTAL APPROPRIATIONS/TRANSFERS OUT
$34,547
$20,557
$673.786
$53,728
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS
ESTIMATED FUND BALANCE 6/30/18
$62.011
$0
$181,177
$46
Available Fund Balance 6/30/18 $62,011 $0 $181,177 $46
3 Exhibit A
CITY OF HERMOSA BEACH BUDGET SUMMARY
t ' Preliminary Budget 2017-18
N � �
ESTIMATED REVENUE
Taxes
$0
$0
$0
$0
Licenses/Permits
$0
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
$0
Use of Money/Property
$1,437
$14
$0
$106
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
$226,620
$4,500
$2.600
$9,000
TOTAL ESTIMATED REVENUE
$228,057
$4,514
$2.600
$9,106
INTERFUND TRANSFERS IN
$0
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$228,057
$4,514
$2.600
$9,106
FUND BALANCE
7/1/17
$91,196
$1,074
$1,994
$8.431
16-17 CIP Carry Forward
$0
$0
$0
$0
TOTAL FUNDS AVAILABLE
$319,253
$5,588
$4,594
$17,537
APPROPRIATIONS
Operating Budget
$0
$1.785
$3.405
$6.183
Capital Outlay
$0
$0
$0
$0
Capital Improvements- Prior Year
$0
$0
$0
$0
Capital Improvements- Current Year
$260,000
$0
$0
$0
TOTAL APPROPRIATIONS
$260.000
$1,785
$1,405
$6,183
INTERFUND TRANSFERS OUT
$0
$2,307
$2,249
$5,264
TOTAL APPROPRIATIONS/TRANSFERS OUT
$260,000
$4,092
$3,654
$11,447
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS
ESTIMATED FUND BALANCE 6/30/18
$69,263
$1,496
$940
$6,090
Available Fund Balance 6/30118 $59,253 $1,496 $940 $6,090
4 Exhibit A
CITY OF HERMOSA BEACH BUDGET SUMMARY
c _
Preliminary Budget 2017-18
r }E a p
ESTIMATED REVENUE
Taxes
$0
$0
$0
$367,353
Licenses/Permits
$0
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
$0
Use of Money/Property
$172
$25
$0
$9,836
Intergovernmental/State
$0
$0
$0
$0
Intergovernmental/County
$0
$0
$0
$0
Intergovernmental/Federal
$0
$0
$150.000
$0
Current Service Charges
$0
$0
$0
$6,260
Other Revenue
$10,000
$3,500
$0
$0
TOTAL ESTIMATED REVENUE
$10,172
$3,525
$150,000
$383,449
INTERFUND TRANSFERS IN
$0
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$10,172
$3,525
$150,000
$383.449
FUND BALANCE
7/1 /17
$15, 776
$1, 817
$1, 743
$860, 325
16-17 CIP Carry Forward
$0
$0
$0
$274.892
TOTAL FUNDS AVAILABLE
$25.948
$5,342
$151,743
$1,518,666
APPROPRIATIONS
Operating Budget
$6,175
$1,650
$0
$244,914
Capital Outlay
$0
$0
$0
$0
Capital Improvements- Prior Year
$0
$0
$0
$274,892
Capital Improvements- Current Year
$0
$0
$150,000
$0
TOTAL APPROPRIATIONS
$6,175
$1,650
$150,000
$519.806
INTERFUND TRANSFERS OUT
$5,710
$1,891
$0
$0
TOTAL APPROPRIATIONS/TRANSFERS OUT
$11.885
$3,541
$150,000
$519.806
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS
ESTIMATED FUND BALANCE 6/30/18
$14,063
$1,801
$1,743
$998,860
Available Fund Balance 6/30118 $14,063 $1,801 $1,743 $998,860
5 Exhibit A
CITY OF HERMOSA BEACH BUDGET SUMMARY
Preliminary Budget 2017-18
R � s
ESTIMATED REVENUE
Taxes
$304,710
$228,537
$233,312
$0
Licenses/Permits
$0
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
$0
Use of Money/Property
$10,345
$5,890
$0
$0
Intergovernmental/State
$0
$0
$0
$88,911
Intergovernmental/County
$0
$0
$0
$0
Intergovernmental/Federal
$0
$0
$0
$4,750
Current Service Charges
$0
$0
$0
$0
Other Revenue
$0
$0
$0
$640.000
TOTAL ESTIMATED REVENUE
$315.055
$234,427
$233.312
$733,661
INTERFUND TRANSFERS IN
$0
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$315.055
$234.427
$233,312
$733.661
FUND BALANCE
7/1/17
$1,035.948
$251,588
$0
($663,911)
16-17 CIP Carry Forward
$232.181
$485.705
$0
$945.147
TOTAL FUNDS AVAILABLE
$1,583.184
$971,720
$233,312
$1,014.897
APPROPRIATIONS
Operating Budget
$0
$0
$0
$9,750
Capital Outlay
$0
$0
$0
$0
Capital Improvements- Prior Year
$232,181
$485.705
$0
$945,147
Capital Improvements- Current Year
$0
$250,000
$0
$60,000
TOTAL APPROPRIATIONS
$232,181
$735,705
$0
$1,014,897
INTERFUND TRANSFERS OUT
$0
$0
$0
$0
TOTAL APPROPRIATIONS/TRANSFERSOUT
$232,181
$735.705
$0
$1,014,897
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS
ESTIMATED FUND BALANCE 6/30/18
$1,351,003
$236,015
$233,312
$0
Exhibit A
CITY OF HERMOSA BEACH BUDGET SUMMARY
Preliminary Budget 2017-18
� O
ESTIMATED REVENUE
Taxes
$0
$100.000
$0
$0
$0
Licenses/Permits
$0
$0
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
$0
$0
Use of Money/Property
$493
$894
$44,804
$0
$1,940
Intergovernmental/State
$25.000
$0
$5,599
$0
$0
Intergovernmental/County
$0
$0
$20,000
$0
$0
Intergovernmental/Federal
$0
$0
$0
$0
$0
Current Service Charges
$0
$0
$1,110,687
$0
$0
Other Revenue
$0
$0
$0
$0
$0
TOTAL ESTIMATED REVENUE
$25,493
$100,894
$1,181,090
$0
$1,940
INTERFUND TRANSFERS IN
$0
$0
$0
$700,000
$0
ESTIMATED FUNDS AVAILABLE
$25.493
$100,894
$1,181,090
$700,000
$1,940
FUND BALANCE
7/1/17
$56,461
$30,872
$5,267,883
$266,167
$210,824
16-17 CIP Carry Forward
$0
$0
$0
$0
$0
TOTAL FUNDS AVAILABLE
$81,954
$131,766
$6.448,973
$966,167
$212,764
APPROPRIATIONS
Operating Budget
$28.000
$32,199
$399,706
$302.077
$11,100
Capital Outlay
$0
$43,200
$0
$0
$600
Capital Improvements- Prior Year
$0
0
$0
$0
$0
Capital Improvements- CurrentYear
$0
0
$1,332,085
$664,090
$0
TOTAL APPROPRIATIONS
$28,000
$75,399
$1,731,791
$966,167
$11,700
INTERFUND TRANSFERS OUT
$0
$0
$0
$0
$0
TOTAL APPROPRIATIONS/TRANSFERS OUT
$28,000
$75,399
$1.731,791
$966,167
$11,700
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS
[IIES11MATED FUND BALANCE 6/30118
$53,954
$66,367
$4,717,182
$0
5201,064
Available Fund Balance 6/30/18 53,964 $56,367 $4,717,182 $0 $201,064
Exhibit A
CITY OF HERMOSA BEACH BUDGET SUMMARY
Preliminary Budget 2017-18
' yz e
ESTIMATED REVENUE
Taxes
Licenses/Permits
Fines/Forfeitures
Use of Money/Property
I ntergove rn me ntaVState
Intergovernmental/County
I ntergovernmental/Federal
Current Service Charges
Other Revenue
TOTAL ESTIMATED REVENUE
INTERFUND TRANSFERS IN
ESTIMATED FUNDS AVAILABLE
FUND BALANCE
7/1/17
16-17 CIP Carry Forward
TOTAL FUNDS AVAILABLE
APPROPRIATIONS
Operating Budget
Capital Outlay
Capital Improvements- Prior Year
Capital Improvements- Current Year
TOTAL APPROPRIATIONS
INTERFUND TRANSFERS OUT
TOTAL APPROPRIATIONS/TRANSFERS OUT
DEBT SERVICE PAYMENT
$0
$0
$0
$0
$0
$0
$0
$0
$0
$747
$330,000
$240,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$61,398
$0
$0
$62.145 $330.000 $240,000
$0
$62.145
$330.000
$240,000
$74,637
$0
$136,782
$330,000
$240,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
ESTIMATED FUND BALANCE 6/30/18 $136,782 $330.000 $240,000�
8 Exhibit A
CITY OF HERMOSA BEACH BUDGET SUMMARY
�. Preliminary Budget 2017-18
7� �
ESTIMATED REVENUE
Taxes
$0
$0
$0
$0
Licenses/Permits
$0
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
$0
Use of Money/Property
$0
$61,554
$1,165
$330
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
$0
$61,554
$1,165
$330
INTERFUND TRANSFERS IN
$787,390
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$787,390
$61.554
$1,165
$330
FUND BALANCE
7/1 /17
$3, 697
$4,481, 201
$149, 563
$56, 041
16-17 CIP Carry Forward
$0
$2,451,868
$0
$0
TOTAL FUNDS AVAILABLE
$791.087
$6,994,623
$150,728
$56,371
APPROPRIATIONS
Operating Budget
$0
$100,000
$0
$0
Capital Outlay
$0
$0
$0
$0
Capital Improvements- Prior Year
$0
$2,451,868
$0
$0
Capital Improvements- Current Year
$0
$2,381,448
$0
$0
TOTAL APPROPRIATIONS
$0
$4,933,316
$0
$0
INTERFUND TRANSFERS OUT
$0
$0
$0
$0
TOTAL APPROPRIATIONS/TRANSFERS OUT
$0
$4,933,316
$0
$0
DEBT SERVICE PAYMENT
$791,087
$0
$0
$0
ESTIMATEQ FUND BALANCE 6/30/18 $0 $2,061,307 $160,728 $56,371
Available Fund Balance 6130118 $0 $2,061,307 $150,728 $56,371
Exhibit A
CITY OF HERMOSA BEACH BUDGET SUMMARY
Preliminary Budget 2017-18
ESTIMATED REVENUE
Taxes
$0
$0
$0
$0
Licenses/Permits
$0
$0
$0
$0
Fines/Forfeitures
$0
$0
$0
$0
Use of Money/Property
$591
$40
$918
$1,102
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
$591
$40
$918
$1,102
INTERFUND TRANSFERS IN
$0
$0
$0
$0
ESTIMATED FUNDS AVAILABLE
$591
$40
$918
$1,102
FUND BALANCE
7/1/17
$76.472
$4,316
$139,436
$160,430
16-17 CIP Carry Forward
$0
$0
$0
$0
TOTAL FUNDS AVAILABLE
$77,063
$4,356
$140,354
$161,532
APPROPRIATIONS
Operating Budget
$0
$0
$0
$0
Capital Outlay
$0
$0
$0
$0
Capital Improvements
$0
$0
$0
$0
TOTAL APPROPRIATIONS
$0
$0
$0
$0
INTERFUND TRANSFERS OUT
$0
$0
$0
$0
TOTAL APPROPRIATIONS/TRANSFERS OUT
$0
$0
$0
$0
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS
(ESTIMATED FUND BALANCE 6/30/18
$77,063
$4,356
$140,354
$161,532
10 Exhibit A
CITY OF HERMOSA BEACH BUDGET SUMMARY
=] [�i ■ Preliminary Budget 2017-18
ESTIMATED REVENUE
Taxes
$0
$0
$0
$29,092,688
Licenses/Permits
$0
$0
$0
$1.508,539
Fines/Forfeitures
$0
$0
$0
$2,390.136
Use of Money/Property
$133
$0
$0
$1,870,478
Intergovernmental/State
$0
$0
$0
$802,584
I ntergovernmental/County
$0
$0
$0
$40, 557
Intergovernmental/Federal
$0
$0
$0
$154,750
Current Service Charges
$0
$2.463.141
$1,859.559
$12,702,884
Other Revenue
$0
$0
$408.589
$1,481,508
TOTAL ESTIMATED REVENUE
$133
$2,463,141
$2,268,148
$50,044,124
INTERFUND TRANSFERS IN
$0
$0
$0
$1,925,080
ESTIMATED FUNDS AVAILABLE
$133
$2,463,141
$2,268,148
$51,969,204
FUND BALANCE
7/1/17
$14,165
$2.086.877
$8,175,289
$31,908,308
16-17 CIP Carry Forward
$0
$0
$57.556
$6,435,827
TOTAL FUNDS AVAILABLE
$14.298
$4,550.018
$10,500,993
$90,313,339
APPROPRIATIONS
Operating Budget
$0
$2,469,257
$1,613,166
$41,384,176
Capital Outlay
$0
$0
$449,010
$543,946
Capital Improvements- PriorYear
$0
$0
$57,556
$6,435,827
Capital Improvements- Current Year
$0
$0
$36,800
$6,307,283
TOTAL APPROPRIATIONS
$0
$2,469,257
$2,156,532
$54,671.232
INTERFUND TRANSFERS OUT
$0
$0
$0
$1,925.080
TOTAL APPROPRIATIONS/TRANSFERS OUT
$0
$2,469,257
$2,156,532
$56,596.312
DEBT SERVICE PAYMENT
$791,087
ADJUST FUND BALANCE FOR
$449.010
$449,010
FIXED ASSET ADDITIONS
ESTIMATED FUND BALANCE 6130/18
$14,298
$2,080,761
$8,793,471
$33,374.950
Designated Building Maintenance Funds
Investment in Fixed Assets
$833, 523
$4, 909, 690
Assigned Reserve for Dispatch Center Upgrades-16/17 (Radios) $293.000
Assigned Reserve for Dispatch Center Upgrades- 17/18 (Radios) $681,969
Assigned Reserve for Dispatch Center Upgrades- 17/18 (Records Management System) $180.000
Available Fund Balance 6/30/18 $14,298 $2,080,761 $2,075,289 $15,788,842
11 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. 17-7080 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 15, 2017.
The vote was as follows:
AYES: Armato, Duclos, Fangary, Petty, Mayor Massey
NOES: None
ABSTAIN: None
ABSENT: None
Dated June 15, 2017
Elaine Doerfling, City Cle