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Home My WebLink AboutRES 18-7137 (BUDGET FY 2018-2019)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 RESOLUTION NO. 18-7137 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, ADOPTING THE BUDGET FOR THE FISCAL YEAR 2018-2019 WHEREAS, a budget for the fiscal year 2018-2019 has been prepared by the City Manager; and WHEREAS, said budget incorporates expenditures for operating purposes, capital outl and capital improvement projects; and WHEREAS, said final budget will include the appropriations limit and total anni 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 a 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 2018-2019 Fiscal Year as presented in the documents entitled "City of Hermosa Beach Budget Summary 2018-2019", 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 12th day of June, 2018. PRESIDENT e O y Council and MAYOR of the City of Hermosa Beach, California ATTEST: PROVD AS O FORM: City Clerk City Attorney Page 1 of 1 18-7137 y CITY OF HERMOSA BEACH BUDGET SUMMARY Preliminary Budget a 2018.19 ESTIMATED REVENUE Taxes $28,622,613 $455.926 $0 Licenses/Permits $1,143,059 $0 $0 Fines/Forfeitures $2,126,838 $0 $0 Use of Money/Property $942,213 $0 $2,186 Intergovernmental/State $131,609 $0 $758,198 Intergovernmental/County $0 $0 $0 Intergovernmental/Federal $0 $0 $0 Current Service Charges $6,886.026 $0 $0 Other Revenue $111,670 $0 $0 TOTAL ESTIMATED REVENUE $39,964,028 $455,926 $760,384 INTERFUND TRANSFERS IN $538,739 $210,463 $0 ESTIMATED FUNDS AVAILABLE $40,502,767 $666,389 $760,384 FUND BALANCE 7/1/18 $7,999,194 $11,555 $55,067 17-18 CIP Carry Forward $575,655 $0 $323,597 TOTAL FUNDS AVAILABLE $49,077,616 $677.944 $1,139,048 APPROPRIATIONS Operating Budget $38,460,332 $666.890 $0 Capital Outlay $437,288 $0 $0 Capital Improvements- Prior Year $575,665 $0 $323,597 Capital Improvements $0 $0 $325,744 TOTAL APPROPRIATIONS $39,473,285 $666,890 $649,341 INTERFUND TRANSFERS OUT $1,493,699 $11,054 $489,707 TOTAL APPROPRIATIONS/TRANSFERS OUT $40.966,984 $677,944 $1,139,048 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS ESTIMATED FUND BALANCE 6/30/19 $8,110,632 (a) $0 SO (a) CLASSIFICATIONS OF FUND BALANCE: Restricted Previous Balance Current Balance General Plan Maintenance Fee $33,870 $870 Sign Donation $50,000 $50,000 Committed In Lieu Fee/ Parking Facility $144,500 $202,300 Assioned Contingencies $5.827,589 $6,132,450 Retirement Rate Stabilization $1,000,000 $1,000,000 Future Capital Improvement Projects $0 $200,000 PERS Trust Contribution (Fire) $0 $0 Compensated Absences $244,981 $244,981 $7,300,940 $7,830,601 Fire: Facility Payment- 18/19 (Use Reserved TOT Increase) $418,223 $0 Reserve for Future Facility/Equip Costs (Remaining TOT $280,031 $280,031 Increase) 698,254 $280,031 Exhibit A CITY OF HERMOSA BEACH BUDGET SUMMARY Preliminary Budget * � s 2018-19 ESTIMATED REVENUE Taxes $0 $0 $0 Licenses/Permits $0 $0 $0 Fines/Forfeitures $0 $0 $0 Use of Money/Property $942 $0 $336.907 Intergovernmental/State $0 $0 $0 Intergovernmental/County $0 $20,557 $0 Intergovernmental/Federal $0 $0 $0 Current Service Charges $58.632 $0 $0 Other Revenue $0 $0 $0 TOTAL ESTIMATED REVENUE $59,574 $20.557 $335.907 INTERFUND TRANSFERS IN $0 $0 $0 ESTIMATED FUNDS AVAILABLE $59,574 $20,557 $335,907 FUND BALANCE 7/1/18 $28,889 $0 $447,086 16-17 CIP Carry Forward $0 $0 $468,822 TOTAL FUNDS AVAILABLE $51,978 $20,557 $1,251,815 APPROPRIATIONS Operating Budget $35.674 $0 $0 Capital Outlay $0 $0 $0 Capital Improvements- Prior Year $0 $0 $468,822 Capital Improvements $0 $0 $58,140 TOTAL APPROPRIATIONS $35,674 $0 $526,962 INTERFUND TRANSFERS OUT $0 $20,557 $210,463 TOTAL APPROPRIATIONS/TRANSFERS OUT $35,674 $20,557 $737,425 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS j ESTIMATED FUND BALANCE 6/30/19 $16,304 $0 $514,390 2 Exhibit A CITY OF HERMOSA BEACH BUDGET SUMMARY Preliminary Budget 2018-19 ESTIMATED REVENUE Taxes $0 $0 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $4,184 $53 $0 $233 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 $157,361 $4,500 $2,600 $9,000 TOTAL ESTIMATED REVENUE $161,545 $4,553 $2.600 $9,233 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $161,545 $4,553 $2,600 $9.233 FUND BALANCE 7/1 /18 $26,004 $2,506 $1, 547 $9.582 16-17 CIP Carry Forward $106,350 $0 $0 $0 TOTAL FUNDS AVAILABLE $293,899 $7,059 $4.147 $18,815 APPROPRIATIONS Operating Budget $0 $1,350 $1.200 $5,585 Capital Outlay $0 $0 $0 $0 Capital Improvements- Prior Year $106,350 $0 $0 $0 Capital Improvements $101,335 $0 $0 $0 TOTAL APPROPRIATIONS $207,685 $1,350 $1,200 $5,585 INTERFUND TRANSFERS OUT $0 $2,307 $2,249 $5,264 TOTAL APPROPRIATIONS/TRANSFERS OUT $207,685 $3,657 $3,449 $10,849 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS ESTIMATED FUND BALANCE 6/30/19 $86,214 $3,402 $698 $7,966 Available Fund Balance 6/30119 $86,214 $3,402 $698 $7,966 3 Exhibit A CITY OF HERMOSA BEACH BUDGET SUMMARY a Preliminary Budget 2018-19 ESTIMATED REVENUE Taxes $0 $0 $0 $383.939 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $420 $69 $0 $28.266 IntergovernmentaUState $0 $0 $0 $0 IntergovernmentaUCounty $0 $0 $0 $0 Intergovernmental/Federal $0 $0 $120,000 $0 Current Service Charges $0 $0 $0 $5,400 Other Revenue $10,000 $3,500 $0 $0 TOTAL ESTIMATED REVENUE $10,420 $3,569 $120,000 $417,605 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $10,420 $3,569 $120,000 $417,605 FUND BALANCE 7/1/18 $16,025 $2,410 $0 $1,037,215 16-17 CIP Carry Forward $0 $0 $150,000 $0 TOTAL FUNDS AVAILABLE $26,445 $5,979 $270,000 $1.454,820 APPROPRIATIONS Operating Budget $5,740 $1,453 $0 $220.414 Capital Outlay $0 $0 $0 $0 Capital Improvements- Prior Year $0 $0 $150,000 $0 Capital Improvements $0 $0 $120.000 $59,000 TOTAL APPROPRIATIONS $5,740 $1,453 $270,000 $279,414 INTERFUND TRANSFERS OUT $5,710 $1,891 $0 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $11,450 $3,344 $270,000 $279,414 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS ESTIMATED FUND BALANCE 6/30/19 $14,998 $2,636 $0 $1,175.406 Available Fund Balance 6130/19 $14,995 $2,635 $0 $1,175,4 66 4 Exhibit A CITY OF HERMOSA BEACH BUDGET SUMMARY F Preliminary Budget 2018-19 ESTIMATED REVENUE Taxes $318,467 $238 856 $270,697 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $31,029 $18 150 $701 $0 Intergovernmental/State $0 $0 $0 $82.826 Intergovernmental/County $0 $0 $0 $0 IntergovernmentaUFederal $0 $0 $0 $2,700 Current Service Charges $0 $0 $0 $0 Other Revenue $0 $294,000 $0 $2,812,946 TOTAL ESTIMATED REVENUE $349,496 $551,006 $271,398 $2,898,472 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $349,496 $551.006 $271,398 $2,898,472 FUND BALANCE 7/1/18 $1,022,792 $91,604 $233,646 $328,050 16-17 CIP Carry Forward $0 $901,058 $0 $1,184,754 TOTAL FUNDS AVAILABLE $1,372,288 $1,543,668 $505,044 $4,411,276 APPROPRIATIONS Operating Budget $0 $0 $0 $8,000 Capital Outlay $0 $0 $0 $0 Capital Improvements- PriorYear $0 $901,058 $0 $1,590,330 Capital Improvements $579,664 $639,887 $504,343 $2,812,946 TOTAL APPROPRIATIONS $579,664 $1,540,945 $504,343 $4,411,276 INTERFUND TRANSFERS OUT $0 $0 $0 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $579.664 $1,540,945 $504,343 $4,411,276 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS ESTIMATED FUND BALANCE 6/30/19 $792,624 $2,723 $701 $0 1. Available Fund Balance 6/30/19 $792,624 $2,723 $701 $0 5 Exhibit A CITY OF HERMOSA BEACH BUDGET SUMMARY Preliminary Budget 7,2 ■ 2018-19 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 $1,559 $4.480 $123,863 $0 $9.221 Intergovernmental/State $25,000 $0 $5,400 $0 $0 Intergovernmental/County $0 $0 $8,000 $0 $0 Intergovernmental/Federal $0 $0 $0 $0 $0 Current Service Charges $0 $0 $1,050,155 $0 $0 Other Revenue $0 $0 $79,946 $0 $0 TOTAL ESTIMATED REVENUE $26,559 $104.480 $1,267,364 $0 $9,221 INTERFUND TRANSFERS IN $0 $0 $0 $700,000 $0 ESTIMATED FUNDS AVAILABLE $26,559 $104,480 $1,267,364 $700,000 $9.221 FUND BALANCE 7/1/18 $56,976 $191,352 $4,875,084 $119,036 $521,777 16-17 CIP Carry Forward $0 $0 $1,260,000 $645,090 $0 TOTAL FUNDS AVAILABLE $83,535 $295,832 $7.402,448 $1,464,126 $530,998 APPROPRIATIONS Operating Budget $28,000 $58,456 $437.004 $314,123 $10,222 Capital Outlay $35,000 $29,202 $0 $0 $600 Capital Improvements- Prior Year $0 0 $1.260,000 $645,090 $0 Capital Improvements $0 0 $110,000 0 $0 TOTAL APPROPRIATIONS $63,000 $87,658 $1,807.004 $959,213 $10,822 INTERFUND TRANSFERS OUT $0 $0 $0 $0 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $63,000 $87,658 $1,807,004 $959,213 $10,822 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS ESTIMATED FUND BALANCE 6/30/19 $20,536 $208,174 $6,595,444 $504,913 $620,178 Available Fund Balance 6/30119 20,535 $208,174 $5,595,444 $504,913 $520,176 Exhibit A CITY OF HERMOSA BEACH BUDGET SUMMARY ~ it ; Preliminary Budget � 74 a 2018-19 ESTIMATED REVENUE Taxes $0 $0 $0 Licenses/Permits $0 $0 $0 Fines/Forfeitures $0 $0 $0 Use of Money/Property $2,213 $45.000 $0 Intergovernmental/State $0 $0 $0 Intergovernmental/County $0 $0 $0 Intergovernmental/Federal $0 $0 $0 Current Service Charges $0 $0 $0 Other Revenue $48,751 $0 $0 TOTAL ESTIMATED REVENUE $50,964 $45,000 $0 INTERFUND TRANSFERS IN $0 $0 $0 ESTIMATED FUNDS AVAILABLE $50.964 $45,000 $0 FUND BALANCE 7/1/16 $85,100 $330,000 $240,000 16-17 CIP Carry Forward $0 TOTAL FUNDS AVAILABLE $136,064 $375,000 $240,000 APPROPRIATIONS Operating Budget $56,596 $0 $0 Capital Outlay $0 $0 $0 Capital Improvements- Prior Year $0 $0 $0 Capital Improvements $0 $0 $240,000 TOTAL APPROPRIATIONS $56,596 $0 $240,000 INTERFUND TRANSFERS OUT $0 $0 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $56,596 $0 $240,000 DEBT SERVICE PAYMENT (ESTIMATED FUND BALANCE 6/30/19 $79,460 $376,000 oil Fire Equipment Conversion Costs- 18/19 Fire Equipment Conversion Costs- 19/20 (56,596.00) Fire Equipment Conversion Costs- 20/21 (Partial) (22,540.00) Available Fund Balance 6/30119 $332 $375,000 $0 Exhibit A CITY OF HERMOSA BEACH BUDGET SUMMARY Preliminary Budget 0 2018-19 ESTIMATED REVENUE Taxes $0 $0 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $0 $156.730 $2.734 $407 IntergovernmentalIState $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 $156.730 $2.734 $407 INTERFUND TRANSFERS IN $793.699 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $793.699 $156,730 $2.734 $407 FUND BALANCE 7/1/18 $13 $3,597,474 $144,816 $39,409 16-17 CIP Carry Forward $0 $3,516,624 $0 $0 TOTAL FUNDS AVAILABLE $793,712 $7,270,828 $147,550 $39,816 APPROPRIATIONS Operating Budget $0 $80.000 $0 $0 Capital Outlay $0 $0 $0 $0 Capital Improvements- Prior Year $0 $3.516.624 $0 $0 Capital Improvements $0 $1,097.421 $0 $0 TOTAL APPROPRIATIONS $0 $4,694,045 $0 $0 INTERFUND TRANSFERS OUT $0 $0 $0 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $0 $4,694,045 $0 $0 DEBT SERVICE PAYMENT $793.712 $0 $0 $0 ESTIMATED FUND BALANCE 6/30/19 SO $2,576,783 $147,550 $39,816 Reserved for New Corporate City Yard Construction (with contingency) ($2,156,000) $ Exhibit A CITY OF HERMOSA BEACH BUDGET SUMMARY Preliminary Budget at *t 2018-19 ESTIMATED REVENUE Taxes $0 $0 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $1,440 $100 $2.285 $2,788 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 $1,440 $100 $2285 $2,788 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $1,440 $100 $2,285 $2,788 FUND BALANCE 7/1/18 $77,006 $4,364 $143,230 $168,290 16-17 CIP Carry Forward $0 $0 $0 $0 TOTAL FUNDS AVAILABLE $78,446 $4,464 $145,515 $171,078 APPROPRIATIONS Operating Budget $0 $0 $0 $0 Capital Outlay $0 $0 $0 $0 Capital Improvements $0 $0 $0 $0 Capital Improvements 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 6130119 $78.446 $4,464 $146,515 $171,078 IAvailable Fund Balance 6/30119 $78,446 $4,464 $145,515 $171,078 9 Exhibit A CITY OF HERMOSA BEACH BUDGET SUMMARY Preliminary Budget 2018-19 ESTIMATED REVENUE Taxes $0 $0 $0 $30,390,498 Licenses/Permits $0 $0 $0 $1,143,059 Fines/Forfeitures $0 $0 $0 $2,126,838 Use of Money/Property $327 $0 $0 $1,717,500 IntergovernmentaUState $0 $0 $0 $1,003,033 Intergovernmental/County $0 $0 $0 $28,557 Intergovernmental/Federal $0 $0 $0 $122,700 Current Service Charges $0 $2.610,232 $1.618.176 $12.228,621 Other Revenue $0 $0 $222,581 $3,756,855 TOTAL ESTIMATED REVENUE $327 $2,610,232 $1,840,757 $52,517.661 INTERFUND TRANSFERS IN $0 $0 $0 $2,242,901 ESTIMATED FUNDS AVAILABLE $327 $2,610,232 $1,840,757 $54,760,562 FUND BALANCE 7/1/18 $14,312 $1,688,816 $8,865.029 $32.475,256 16-17 CIP Carry Forward $0 $0 $0 $9,131,950 TOTAL FUNDS AVAILABLE $14,639 $4,299,048 $10,705,786 $96,331,283 APPROPRIATIONS Operating Budget $0 $2,610.234 $1,672,937 $44,674,210 Capital Outlay $0 $0 $1,093,686 $1,595,776 Capital Improvements- Prior Year $0 $0 $198,815 $9.736.351 Capital Improvements $0 $0 0 $6,648,480 TOTAL APPROPRIATIONS $0 $2,610,234 $2,965,438 $62,654.817 INTERFUND TRANSFERS OUT $0 $0 $0 $2,242.901 TOTAL APPROPRIATIONS/TRANSFERS OUT $0 $2,610,234 $2,965.438 $64.897,718 DEBT SERVICE PAYMENT $793,712 ADJUST FUND BALANCE FOR $1,093,686 $1,093.686 FIXED ASSET AUDITIONS' ESTIMATED FUND BALANCE 6/30/19 $14,639 $1,688.614 $8,834,034 $31,733,539 Designated Building Maintenance Funds Investment in Fixed Assets $627,825 $5,285,798 Assigned Reserve for Dispatch Center Upgrades-16/17 (Radios) $0 Assigned Reserve for Dispatch Center Upgrades- 17/18 (Radios) $121,020 Assigned Reserve for Dispatch Center Upgrades- 17/18 (Records Management System) $0 Available Fund Balance 6/30/19 $14,639 $1,688,814 $2,799.391 $15,353,128 10 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. 18-7137 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 12, 2018. The vote was as follows: AYES: Armato, Campbell, Fangary, Massey, Mayor Duclos NOES: None ABSENT: None ABSTAIN: None Dated: June 13, 2018 Elaine Doerfling, City C rk