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Home My WebLink AboutRES-12-6807 (BUDGET FIOR FISCAL YEAR 2012-2013)1 2 3 4 s 6 7 s 9 10 u 12 13 14 15 16 17 18 19 20 21 22 23 24 2s 26 27 28 RESOLUTION NO. 12-6807 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, ADOPTING THE BUDGET FOR THE FISCAL YEAR 2012-2013 WHEREAS, a budget for the fiscal year 2012-2013 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 2012-2013 Fiscal Year as presented in the documents entitled "City of Hermosa Beach Budget Summary 2012-2013," as amended by the City Council through June 26, 2012, and attached as "Exhibit A." PASSED, APPROVED and ADOPTED thi§ 26th day of June 2012. PRESIDENT of the ATTEST; City Clerk MAYOR of the City of Henposa Beach, California /APT AS 12-6807 0YCITY OF HERMOSA BEACH BUDGET SUMMARY 2012-13 BUDGET ESTIMATED REVENUE Taxes $20,541,094 $459,386 $0 Licenses/Permits $713.062 $0 $0 Fines/Forfeitures $2,447,632 $0 $0 Use of Money/Property $682,059 $613 $4,189 Intergovernmental/State $121,257 $0 $515,815 Intergovemmental/County $0 $0 $0 Intergovernmental/Federal $0 $0 $0 Current Service Charges $5,619,630 $0 $0 Other Revenue $66,132 $0 $0 TOTAL ESTIMATED REVENUE $30.190,866 $459.999 $520,004 INTERFUND TRANSFERS IN $369,870 $111,160 $0 ESTIMATED FUNDS AVAILABLE $30,560,736 $571,159 $520,004 ESTIMATED FUND BALANCE 7/1/12 $6,180.742 $35,876 $463.857 TOTAL FUNDS AVAILABLE $36741,478 $607.035 $983,861 APPROPRIATIONS Operating Budget $27,250,677 $592.463 $0 Capital Outlay $55,865 $0 $0 Capital Improvements $655,370 $0 $502.000 TOTAL APPROPRIATIONS $27,961.912 $592,463 $502.000 INTERFUND TRANSFERS OUT $830.432 $10,937 $298,977 TOTAL APPROPRIATIONS/TRANSFERS OUT $28,792,344 $603,400 $800,977 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' ESTIMATED FUND BALANCE 6130/13 $7,949,134 (a) $3,635 $162,864 Payoff Storage Lot Loan ($464,524) (a) CLASSIFICATIONS OF FUND BALANCE: Restricted Affordable Housing $41.831 General Plan Maintenance Fees $130.963 Venzon PEG Grant $45,496 Greenwald Theatre Improvement Donation $45,000 Committed Clark Building Future Renovations $1,000 Beach/Plaza Promotions $66.466 Contingencies $4.087,602 Retirement Rate Stabilization $1,000.000 CDBG Fund Exchange (Use Undetermined) $12.630 Potential Contingencies/Dil Settlement $1.596,632 Assigned Compensated Absences $297,262 Sales Tax Receivable - Due 01/14 159 528 Available Fund Balance 6/30/13 $7,484,610 $0 $3,635 $182,884 Exhibit A 7 062m, CITY OF HERMOSA BEACH BUDGET SUMMARY 2012-13 BUDGET ESTIMATED REVENUE Taxes $0 $0 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $2,190 $0 $319,142 $951 Intergovernmental/Stale $0 $0 $0 $0 Intergovernmental/County $0 $20,557 $0 $0 Intergovernmental/Federal $0 $0 $0 $0 Current Service Charges $58.338 $0 $0 $0 Other Revenue $0 $0 $0 $0 TOTAL ESTIMATED REVENUE $60.528 $20,557 $319,142 $951 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $60,528 $20,557 $319.142 $951 ESTIMATED FUND BALANCE 711112 $58,243 $100,000 $148,052 $3,554 TOTAL FUNDS AVAILABLE $118,771 $120,557 $467,194 $4,505 APPROPRIATIONS Operating Budget $111,705 $0 $0 $0 Capital Outlay $0 $0 $0 $0 Capital Improvements $0 $100,000 $0 $0 TOTAL APPROPRIATIONS $111,705 $100,000 $0 $0 INTERFUND TRANSFERS OUT $0 $20,557 $196,960 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $111.705 $120,567 $196960 $0 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' ESTIMATED FUND BALANCE 6130/13 (c) $7,066 $0 $270,234 $4,505 Available Fund Balance 6130113 $7,066 $0 $270,234 $4,505 Exhibit A 8 MA CITY OF HERMOSA BEACH BUDGET SUMMARY 2012-13 BUDGET ESTIMATED REVENUE Taxes $6.813 $0 $0 Licenses/Permits $0 $0 $0 Fines/Forfeitures $0 $0 $0 Use of Money/Property ($24) $49 $0 Intergovernmental/Stale $0 $0 $0 Intergovernmental/County $0 $0 $0 Intergovernmental/Federal $0 $0 $0 Current Service Charges $0 $0 $0 Other Revenue $93,269 $4,350 $2,600 TOTAL ESTIMATED REVENUE $100,058 $4,399 $2,600 INTERFUND TRANSFERS IN $0 $0 $0 ESTIMATED FUNDS AVAILABLE $100,058 $4,399 $2,600 ESTIMATED FUND BALANCE 7/1112 $148,274 $1,499 $4,580 TOTAL FUNDS AVAILABLE $248,332 $5,898 $7,180 APPROPRIATIONS Operating Budget $0 $1 700 $1,500 Capital Outlay $0 $0 $0 Capital Improvements $90,000 $0 $0 TOTAL APPROPRIATIONS $90,000 $1,700 $1,600 INTERFUND TRANSFERS OUT $5,331 $2,718 $1,142 TOTAL APPROPRIATIONS/TRANSFERS OUT $95,331 $4,418 $2,642 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' ESTIMATED FUND BALANCE 6130/13 $153,001 $1A80 $4, 338 Exhibit A 9 0�;Nb CITY OF HERMOSA BEACH BUDGET SUMMARY 2012-13 BUDGET ESTIMATED REVENUE Taxes $0 $0 $0 $296,479 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $126 $167 $17 $821 Intergovernmental/State $0 $0 $0 $0 Intergovernmental/County $0 $0 $0 $0 Intergovernmental/Federal $0 $0 $0 $0 Current Service Charges $0 $0 $0 $6,900 Other Revenue $9,000 $10,000 $3,000 $0 TOTAL ESTIMATED REVENUE $9,126 $10,167 $3,017 $304,200 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $9,126 $10,167 $3,017 $304,200 ESTIMATED FUND BALANCE 7/1112 $12,919 $17,692 $1,604 $126,822 TOTAL FUNDS AVAILABLE $22,045 $27,859 $4,621 $431,022 APPROPRIATIONS Operating Budget $6,000 $6,200 $1,700 $192 559 Capital Outlay $0 $0 $0 $0 Capital Improvements $0 $0 $0 $0 TOTAL APPROPRIATIONS $6,D00 $6,200 $1,700 $192,559 INTERFUND TRANSFERS OUT $3,310 $3,783 $1,155 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $9,310 $9,983 $2,855 $192.559 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' ESTIMATED FUND BALANCE 6130/13 $12,735 $17,876 $1,766 $238,463 Available Fund Balance 6130/13 $12,735 $17,876 $1,766 $238,463 Exhibit A 10 0 CITY OF HERMOSA BEACH BUDGET SUMMARY 2012-13 BUDGET ESTIMATED REVENUE Taxes $245,922 $184.446 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $2,112 $2,019 $D $738 Intergovernmental/State $0 $0 $39,773 $22,000 Intergovernmental/County $0 $0 $0 $0 Intergovernmental/Federal $0 $0 $271,670 $0 Current Service Charges $0 $0 $0 $0 Other Revenue $0 $0 $0 $0 TOTAL ESTIMATED REVENUE $248,034 $186,465 $311,443 $22,738 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $248,034 $186,465 $311.443 $22.738 ESTIMATED FUND BALANCE 7/1112 $296,421 $211.159 $350 $84,901 TOTAL FUNDS AVAILABLE $544,455 $397,624 $311,793 $107,639 APPROPRIATIONS Operating Budget $0 $0 $39.773 $3,600 Capital Outlay $0 $0 $0 $0 Capital Improvements $173.000 $274,680 $271.670 $104,039 TOTAL APPROPRIATIONS $173,000 $274,680 $311,443 $107,639 INTERFUND TRANSFERS OUT $D $0 $0 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $173,000 $274,680 $311.443 $107,639 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' ESTIMATED FUND BALANCE 6130/13 $371,455 $122,944 $350 $0 Available Fund Balance 6130113 $371,455 $122,944 $350 $0 Exhibit A 11 0 CITY OF HERMOSA BEACH BUDGET SUMMARY 2012-13 BUDGET ESTIMATED REVENUE Taxes $100.000 $0 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $38,000 $0 Use of Money/Property $2,241 $6,055 $2,038 $304 Intergovernmental/State $0 $5,734 $0 $0 Intergovernmental/County $0 $25,000 $0 $0 Intergovernmental/Federal $0 $0 $0 $0 Current Service Charges $0 $31,500 $0 $0 Other Revenue $a $0 $1,000 $10,000 TOTAL ESTIMATED REVENUE $102,241 $68,289 $41,038 $10.304 INTERFUND TRANSFERS IN $0 $714,647 $0 $0 ESTIMATED FUNDS AVAILABLE $102.241 $782.936 $41,038 $10,304 ESTIMATED FUND BALANCE 711112 $250,512 $190.903 $256,975 $47,077 TOTAL FUNDS AVAILABLE $362,753 $973,839 $298,013 $57,381 APPROPRIATIONS Operating Budget $11,748 $673,839 $6,800 $0 Capital Outlay $0 $0 $0 $0 Capital Improvements $0 $300.000 $0 $43,530 TOTAL APPROPRIATIONS $11,748 $973,B39 $6,800 $43,530 INTERFUND TRANSFERS OUT $0 $0 $0 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $11,748 $973,839 $6,800 $43,530 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' ESTIMATED FUND BALANCE 6130/13 $351,005 $0 $291,213 (c) $13,851 (c) CLASSIFICATION OF FUND BALANCE Restricted Designated Dept of Justice Funds $100,897 Designated Dept of Treasury Funds $8,765 Exhibit A 12 rz = CITY OF HERMOSA BEACH BUDGET SUMMARY 2012-13 BUDGET ESTIMATED REVENUE Taxes $0 $0 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $5,278 $131 $1,D33 $276 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 80 $0 $0 TOTAL ESTIMATED REVENUE $5,278 $131 $1,033 $276 INTERFUND TRANSFERS IN $175,000 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $180,278 $131 $1,033 $276 ESTIMATED FUND BALANCE 7/1112 $144,000 $5,443 $155.477 $11,124 TOTAL FUNDS AVAILABLE $324,278 $5,574 $156,510 $11.400 APPROPRIATIONS Operating Budget $196,094 $4,000 $0 $0 Capital Outlay $0 $0 $0 $0 Capital Improvements $100,000 $0 $0 $0 TOTAL APPROPRIATIONS $296,094 $4,000 $0 $0 INTERFUND TRANSFERS OUT $0 $0 $0 $0 TOTAL APPROPRIATIONS/71RANSFERS OUT $296,094 $4,000 $0 $0 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' ESTIMATED FUND BALANCE 6/30/13 $28,184 $1,574 $156,510 $11,400 Available Fund Balance 6130/13 $28,184 $1,574 $156,510 $11,400 Exhibit A 13 n CITY OF HERMOSA BEACH BUDGET SUMMARY 2012-13 BUDGET ESTIMATED REVENUE Taxes $0 $0 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $521 $37 $647 $793 Intergovemmental/Stale $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 $521 $37 $647 $793 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $521 $37 $647 $793 ESTIMATED FUND BALANCE 7/1/12 $75,112 $1,019 $37,959 $103,354 TOTAL FUNDS AVAILABLE $75,633 $1,056 $38,606 $104,147 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 MTERFUND TRANSFERS OUT $0 $0 $0 $0 TOTAL APPROPRIATIONS/IRANSFERS OUT $0 $0 $0 $0 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' ESTIMATED FUND BALANCE 6130113 $75,633 $1,056 $38,606 $104,147 Available Fund Balance 6/30113 $75,633 $1,056 $38,606 $104,147 Exhibit A 14 CITY OF HERMOSA BEACH BUDGET SUMMARY 2012-13 BUDGET ESTIMATED REVENUE Taxes $0 $0 $0 $21.834,140 Licenses/Permits $0 $0 $0 $713,062 Fines/Forfeitures $0 $0 $0 $2,485,632 Use of Money/Property $122 $0 $0 $1,034.645 margovemmental/State $0 $0 $0 $704,579 Intergovernmental/County, $0 $0 $0 $45,557 Intergovernmental/Federal $0 $0 $0 $271,670 Current Service Charges $0 $2,623,031 $1,641,093 $9.980,492 Other Revenue $0 $0 $3,000 $202,351 TOTAL ESTIMATED REVENUE $122 $2.623,031 $1.644,093 $37,272,128 INTERFUND TRANSFERS IN $0 $0 $4,625 $1,375,302 ESTIMATED FUNDS AVAILABLE $122 $2,623.031 $1,648.718 $38,647,430 ESTIMATED FUND BALANCE 711112 $3,197 $3.198,890 $5,356,191 $17,743,778 TOTAL FUNDS AVAILABLE $3,319 $5,821,921 $7,004,909 $56,391208 APPROPRIATIONS Operating Budget $0 $2,987,525 $1,517,914 $33605,797 Capital Outlay $0 $0 $380,252 $436,117 Capital Improvements $0 $0 $0 $2,614.289 TOTAL APPROPRIATIONS $0 $2,987,525 $1,898,166 $36,656,203 INTERFUND TRANSFERS OUT $0 $0 $0 $1,375,302 TOTAL APPROPRIATIONSITRANSFERS OUT $0 $2,987,525 $1,898,166 $38,031,505 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' $380,252 $380,252 ESTIMATED FUND BALANCE 6130/13 $3,319 $2,834,396 $5,486,995 $18,739,955 Payoff Storage Lot Loan $232,261 $232,263 (d) Investment In Fixed Assets $2,207,300 ' Reflects increase to fund balance forfxed asset purchases in Internal Service Funds. (d) Designate Building Charges $304,665 Exhibit A 15 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.12-6807 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 26, 2012. The vote was as follows: AYES: DiVirgilio, Fishman, Tucker, Mayor Duclos NOES: Bobko ABSTAIN: None ABSENT: None Dated: July 10, 2012 Elaine Doerfling, City Cle c