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Home My WebLink AboutRES 19-7187 (ADOPTING THE BUDGET FOR FY 2019-2020)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. 19-7187 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA ADOPTING THE BUDGET FOR THE FISCAL YEAR 2019-2020 WHEREAS, a budget for the fiscal year 2019-20 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 2019-20 Fiscal Year as presented in the documents entitled "City of Hermosa Beach Budget Summary 2019-20", 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 1 lth day of June, 2019. PRESIDENT of the City Counc ATTEST: City Clerk AYOR of the City of Hermosa Beach, California APPROVEaASFORM: f City Attorney Page 1 of 1 19-7187 CITY OF HERMOSA BEACH BUDGET SUMMARY Preliminary Budget ` a 2019-20 ESTIMATED REVENUE Taxes $29,954,027 $457.800 $0 Licenses/Permits $1, 215,677 $0 $0 Fines/Forfeitures $2,135,049 $0 $0 Use of Money/Property $1,129,368 $476 $6,091 Intergovernmental/State $147,641 $0 $856,067 Intergovernmental/County $0 $0 $0 Intergovernmental/Federal $0 $0 $0 Current Service Charges $7,381,847 $0 $0 Other Revenue $124,192 $0 $0 TOTAL ESTIMATED REVENUE $42,087,801 $458,276 $862,158 INTERFUND TRANSFERS IN $402,922 $175,932 $0 ESTIMATED FUNDS AVAILABLE $42,490,723 $634,208 $862,158 FUND BALANCE 7/1/19 $8,537,773 $83,319 $421,465 CIP Carry Forward $398,559 TOTAL FUNDS AVAILABLE $51,427,055 $717,527 $1,283,623 APPROPRIATIONS Operating Budget $39,197,229 $706.403 $13,893 Capital Outlay $426,472 $0 $0 Capital Improvements- PriorYear $398,559 $0 $418.250 Capital Improvements $0 $0 $461,293 TOTAL APPROPRIATIONS $40,022,260 $706,403 $893,436 INTERFUND TRANSFERS OUT $1,865,795 $11,054 $360,763 TOTAL APPROPRIATIONS(TRANSFERSOUT $41,888,055 $717,457 $1,254.199 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS ESTIMATED FUND BALANCE 6/30/20 $9,539.000 (a) $70 $29,424 (a) CLASSIFICATIONS OF FUND BALANCE: Restricted Previous Balance Current Balance General Plan Maintenance Fee $870 $60,854 Verizon PEG Grant $26,314 $46,314 Chamber Donation- Christmas Decorations $50,000 $0 Marquee Donation $50,000 $50,000 Committed In Lieu Fee/ Parking Facility $202,300 $202,300 Assigned Contingencies $6,252,584 $6,271,557 Unspecified Contingencies $0 $550,769 Retirement Rate Stabilization $1,021,575 $1,021,575 Retirement Trust- Continue to fund at 73% $0 $829,060 Future Capital Improvement Projects 18-19 $200,000 $0 Transferred to Capital Improvement Fund Compensated Absences $267,712 $267,712 Fire Facility Payment- 18/19 (Use Reserved TOT) $236,387 $0 Reserve for Future Facility Costs (TOT Increase) $280,031 $152,746 2020-21 Payments 19-26 of 60 Reserve for Future Facility Costs (PERS Savings) $0 $86,113 2020-21 Payments 19-26 of 60 $8,587.773 $9,539,000 1 Exhibit A CITY OF HERMOSA BEACH BUDGET SUMMARY n- Preliminary Budget w 2019-20 ESTIMATED REVENUE Taxes $0 $0 $0 Licenses/Permits $0 $0 $0 Fines/Forfeitures $0 $0 $0 Use of Money/Property $1,540 $0 $363.333 Intergovernmental/State $0 $0 $0 Intergovernmental/County $0 $20.557 $0 Intergovernmental/Federal $0 $0 $0 Current Service Charges $62,720 $0 $0 Other Revenue $0 $0 $0 TOTAL ESTIMATED REVENUE $64,260 $20,557 $363.333 INTERFUND TRANSFERS IN $0 $0 $0 ESTIMATED FUNDS AVAILABLE $64,260 $20,557 $363,333 FUND BALANCE 7/1 /19 $18,122 $0 $1, 009, 307 TOTAL FUNDS AVAILABLE $51,978 $20,557 $1,372,640 APPROPRIATIONS Operating Budget $34.239 $0 $0 Capital Outlay $0 $0 $0 Capital Improvements- Prior Year $0 $0 $452,853 Capital Improvements $0 $0 $750,000 TOTAL APPROPRIATIONS $34,239 $0 $1,202,853 INTERFUND TRANSFERS OUT $0 $20,557 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $34,239 $20,557 $1,202,853 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS ESTIMATED FUND BALANCE 6/30/20 $17,739 $0 $169,787 Available Fund Balance 6/30/20 $17,739 $0 $169,787 Exhibit • CITY OF HERMOSA BEACH BUDGET SUMMARY y� r Preliminary Budget Mat 2019-20 ESTIMATED REVENUE Taxes $7,793 $0 $0 Licenses/Permits $0 $0 $0 Fines/Forfeitures $0 $0 $0 Use of Money/Property $6.650 $79 $415 Intergovernmental/State $0 $0 $0 Intergovernmental/County $0 $0 $0 Intergovernmental/Federal $0 $0 $0 Current Service Charges $0 $0 $0 Other Revenue $132,020 $4,500 $0 TOTAL ESTIMATED REVENUE $146,463 $4,579 $4+5 INTERFUND TRANSFERS IN $0 $0 $0 ESTIMATED FUNDS AVAILABLE $146,463 $4,579 $415 FUND BALANCE 7/1/19 $409,453 $3,170 $5,935 TOTAL FUNDS AVAILABLE $555,916 $7,749 $6,350 APPROPRIATIONS Operating Budget $0 $1,400 $0 Capital Outlay $0 $0 $0 Capital Improvements- Prior Year $203,410 $0 $0 Capital Improvements $320,000 $0 $0 TOTAL APPROPRIATIONS $523,410 $1,400 $0 INTERFUND TRANSFERS OUT $0 $2,307 $6,350 TOTAL APPROPRIATIONS/TRANSFERS OUT $523,410 $3,707 $6,350 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS ESTIMATED FUND BALANCE 6130/20 $32,506 $4,042 $0 Available Fund Balance 6/30/20 $32,506 $4,042 $0 3 Exhibit • CITY OF HERMOSA BEACH BUDGET SUMMARY Preliminary Budget 2019-20 ESTIMATED REVENUE Taxes $0 $0 $408,722 $339.024 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $84 $0 $38,656 $33.289 Intergovernmental/State $0 $0 $0 $0 Intergovernmental/County $0 $0 $0 $0 Intergovernmental/Federal $0 $120,000 $0 $0 Current Service Charges $0 $0 $5,100 $0 Other Revenue $3,500 $0 $0 $0 TOTAL ESTIMATED REVENUE $3,584 $120,000 $452,478 $372 313 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $3,584 $120,000 $452,478 $372,313 FUND BALANCE 711/19 $2,866 $0 $1,156,086 $701,295 TOTAL FUNDS AVAILABLE $6,450 $120,000 $1,608,564 $1,073,608 APPROPRIATIONS Operating Budget $1,503 $0 $214.830 $0 Capital Outlay $0 $0 $0 $0 Capital Improvements- Prior Year $0 $0 $0 $0 Capital Improvements $0 $120,000 $0 $370,875 TOTAL APPROPRIATIONS $1,503 $120,000 $214,830 $370,875 INTERFUND TRANSFERS OUT $1,891 $0 $0 $0 TOTAL APPROPRIATIONSITRANSFERS OUT $3,394 $120,000 $214,830 $370,875 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS ESTIMATED FUND BALANCE 6130120 $3,056 $0 $1,393,734 $702,733 Available Fund Balance 6/304 Exhibit /20 $3.056 y0 $1,393,734 $702,733 • CITY OF HERMOSA BEACH BUDGET SUMMARY f`a Preliminary Budget i 2019-20 ESTIMATED REVENUE Taxes $254,268 $288.170 $160.000 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Properly $25,949 $6.863 $0 $0 Intergovernmental/State $0 $0 $0 $1,522,965 Intergovernmental/County $0 $0 $0 $0 Intergovernmental/Federal $0 $0 $0 $1, 800 Current Service Charges $0 $0 $0 $0 Other Revenue $384,325 $0 $0 $1,348,601 TOTAL ESTIMATED REVENUE $664,542 $295,033 $160,000 $2,873,366 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $664,542 $295,033 $160,000 $2,873,366 FUND BALANCE 711/19 $448,213 $207,468 $0 $1,619,403 TOTAL FUNDS AVAILABLE $1,112,755 $502,501 $160,000 $4,492,769 APPROPRIATIONS Operating Budget $0 $0 $0 $7,100 Capital Outlay $0 $0 $0 $0 Capital Improvements- PriorYear $848,135 $201,231 $0 $4,269,242 Capital Improvements $0 $290,000 $0 $216,427 TOTAL APPROPRIATIONS $848,135 $491,231 $0 $4,492,769 INTERFUND TRANSFERS OUT $0 $0 $0 $0 TOTAL APPROPRIATIONS/TRANSFERSOUT $848,135 $491,231 $0 $4,492,769 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS ESTIMATED FUND BALANCE 6130120 $264.620 511,270 $160,000 $011 5 Exhibit A CITY OF HERMOSA BEACH BUDGET SUMMARY Preliminary Budget r n ° 2019-20 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 $1,293 $6,449 $159,651 $24,884 $13.972 Intergovernmental/State $25,000 $0 $5,475 $0 $0 IntergovernmentaUCounty $0 $0 $8,000 $0 $0 Intergovernmental/Federal $0 $0 $0 $0 $0 Current Service Charges $0 $0 $1,121,185 $0 $0 Other Revenue $0 $0 $0 $0 $0 TOTAL ESTIMATED REVENUE $26,293 $106,449 $1,294,311 $24,884 $13,972 INTERFUND TRANSFERS IN $0 $0 $0 $700,000 $0 ESTIMATED FUNDS AVAILABLE $26,293 $106,449 $1,294,311 $724,884 $13,972 FUND BALANCE 7/1/19 $21,980 $134,512 $6,702,407 $1,187,695 $528,498 TOTAL FUNDS AVAILABLE $48,273 $240,961 $7,996,718 $1,912,579 $542,470 APPROPRIATIONS Operating Budget $28,000 $95.218 $435,166 $362,558 $10,222 Capital Outlay $0 $0 $0 $0 $57,818 Capital Improvements- PriorYear $0 0 $1.164,250 $645,090 $0 Capital Improvements $0 0 $1,485,750 $904,910 $0 TOTAL APPROPRIATIONS $28,000 $95,218 $3,085,166 $1,912,558 $68,040 INTERFUND TRANSFERS OUT $0 $0 $0 $0 $0 TOTAL APPROPRIATIONSITRANSFERS OUT $28,000 $95,218 $3,085,166 $1,912,558 $68,040 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS ESTIMATED FUND BALANCE 6/30/20 $20.273 $145,743 $4,911,652 $21 $474.430 Available Fund Balance 6/30/20 20,273 $145.743 $4,911,552 $21 $474,430 6 Exhibit • CITY OF HERMOSA BEACH BUDGET SUMMARY . L Preliminary Budget ��q� 2019-20 ESTIMATED REVENUE Taxes $0 $0 $0 Licenses/Permits $0 $0 $0 Fines/Forfeitures $0 $0 $0 Use of Money/Property $1,950 $615.831 $382.423 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 $50,701 $615,831 $382,423 INTERFUND TRANSFERS IN $0 $0 $0 ESTIMATED FUNDS AVAILABLE FUND BALANCE 711/19 TOTAL FUNDS AVAILABLE APPROPRIATIONS Operating Budget Capital Outlay Capital Improvements- Prior Year Capital Improvements TOTAL APPROPRIATIONS INTERFUND TRANSFERS OUT TOTAL APPROPRIATIONSITRANSFERS OUT DEBT SERVICE PAYMENT $50,701 $57,621 $108,322 $615,831 $383,429 $999,260 $382,423 $246,134 $628,557 $43.062 $0 $0 $0 $0 $0 $0 $0 $240,000 $0 $482,260 $0 $43,062 $482,260 $240,000 $0 $0 $0 $43,062 $482,260 $240,000 ESTIMATED FUND BALANCE 6/30/20 $65,260 $517,000 $388,557 2020-21 Fire Equipment Conversion Costs (Payments 31-42 of 60) 43,062.00 2021-22 Fire Equipment Conversion Costs (Payments 43-48 of 60) 22,198 00 Available Fund Balance 6/30/20 $0 $517,000 $388,557 7 Exhibit • ESTIMATED REVENUE Taxes Licenses/Permits Fines/Forfeitures Use of Money/Property Intergovernmental/State I ntergovern mentaUC ou my I ntergovernmentaWederal Current Service Charges Other Revenue TOTAL ESTIMATED REVENUE INTERFUND TRANSFERS IN ESTIMATED FUNDS AVAILABLE FUND BALANCE 7/1119 TOTAL FUNDS AVAILABLE APPROPRIATIONS Operating Budget Capital Outlay Capital Improvements- Prior Year Capital Improvements TOTAL APPROPRIATIONS INTERFUND TRANSFERS OUT TOTAL APPROPRIATIONS/TRANSFERS OUT DEBT SERVICE PAYMENT CITY OF HERMOSA BEACH BUDGET SUMMARY Preliminary Budget 2019-20 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $196.025 $2,877 $78 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $196, 025 $2, 877 $78 $789,863 $200,000 $0 $0 $769,863 $396,025 $2,877 $78 $349 $6,742,849 $132,293 $3 133 $790,212 $7,138, 874 $135,170 $3211 $0 $0 $0 $0 $0 $0 $0 $0 $0 $3,616,582 $0 $0 $0 $2,063,267 $0 $0 $0 $5,679,849 $0 $0 $0 $0 $0 $0 $0 $5,679,849 $0 $0 $790,212 $0 $0 $0 ESTIMATED FUND BALANCE 6/30/20 50 $1,469,025 $136,170 53,211 Reserved for New Corporate City Yard Construction (with contingency) $953,000 Reserve for Capital Facilities (new) $0 Available Fund Balance 6/3Exhibit A 0/20 $0 $506.025 $135.170 53,211 CITY OF HERMOSA BEACH BUDGET SUMMARY r Preliminary Budget 2019-20 ESTIMATED REVENUE Taxes $0 $0 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $1,480 $116 $1,845 $2.858 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 $1,480 $116 $1.845 $2,858 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $1,480 $116 $1,845 $2,858 FUND BALANCE 7/1/19 $69,677 $4,436 $115,071 $162,533 TOTAL FUNDS AVAILABLE $71,157 $4,552 $116,916 $165,391 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 6/30/20 $71,157 $4,562 $116,916 $165,391 Available Fund Balance 6I30/20 �71,157 $4,552 $116,916 5165,391 Exhibit • CITY OF HERMOSA BEACH BUDGET SUMMARY a Preliminary Budget " in 2019-20 ESTIMATED REVENUE Taxes $0 $0 $0 $31,969,804 Licenses/Permits $0 $0 $0 $1,215,677 Fines/Forfeitures $0 $0 $0 $2,135,049 Use of Money/Property $380 $0 $0 $3,024,905 Intergovernmental/State $0 $0 $0 $2,557,148 Intergovernmental/County $0 $0 $0 $28,557 Intergovernmental/Federal $0 $0 $0 $121, 800 Current Service Charges $0 $2,707,639 $1,909,392 $13,187,883 Other Revenue $0 $0 $0 $2,045,889 TOTAL ESTIMATED REVENUE $380 $2,707,639 $1,909,392 $56,286,712 INTERFUND TRANSFERS IN $0 $0 $0 $2,268,717 ESTIMATED FUNDS AVAILABLE $380 $2,707,639 $1,909,392 $58,555,429 FUND BALANCE 711/19 $14,693 $3,073,205 $9,135,772 $43,340,162 TOTAL FUNDS AVAILABLE $15,073 $5,780,844 $11,045,164 $102,263,746 APPROPRIATIONS Operating Budget $0 $2.837.360 $1,772,183 $45,760,366 Capital Outlay $0 $0 $401,629 $885,919 Capital Improvements- PriorYear $0 $0 $196,361 $12,653,963 Capital Improvements $0 $0 $0 $7,464,782 TOTAL APPROPRIATIONS $0 $2,837,360 $2,370,173 $66,765,030 INTERFUND TRANSFERS OUT $0 $0 $0 $2,268,717 TOTAL APPROPRIATIONS/TRANSFERS OUT $0 $2,837,360 $2,370,173 $69,033,747 DEBT SERVICE PAYMENT $790,212 ADJUST FUND BALANCE FOR $401,629 $401,629 FIXED ASSET ADDITIONS 2 ESTIMATED FUND BALANCE 6/30/20 $15,073 $2,943.484 $9,076,620 $32,841,416 Designated Building Maintenance Funds $628.441 Investment in Fixed Assets $5,328,650 Assigned reserve for Police Department Radio Equipment/South Bay $86,020 Interoperability Project. Anticipate completion in 2019-20 Available Fund Balance 6/30/20 $15,073 $2,943,484 $3,033,509 $16,241,045 Exhibit10 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. 19-7187 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 11, 2019 by the following vote: AYES: Campbell, Duclos, Massey, Mayor Armato NOES: Fangary ABSENT: None ABSTAIN: None Dated: June 11, 2019 Elaine Doerfling, City Cler