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Home My WebLink AboutRES 13-6848 (BUDGET ADOPTION FY 2013-2014)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 2�, 27 9x RESOLUTION NO. 13-6848 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, ADOPTING THE BUDGET FOR THE FISCAL YEAR 2013-2014 WHEREAS, a budget for the fiscal year 2013-2014 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 2013-2014 Fiscal Year as presented in the documents entitled "City of Hermosa Beach Budget Summary 2013-2014," as amended by the City Council through June 11, 2013, and attached as "Exhibit A." ATTEST: City Clerk ASSED, APPROVED and ADOPTED this 1 lth day of June 2013 of the City Council and MAYOR of the City of Hermosa Beach, California 13-6848 'R s 1, CITY OF HERMOSA BEACH BUDGET SUMMARY 2013-14 ESTIMATED REVENUE Taxes $21.449.695 $456.150 $0 Licenses/Permits $771.176 $0 $0 Fines/Forfeitures $2.509.805 $0 $0 Use of MDney/Property $807,180 $505 $4,802 Intergovernmental/Slate $119,797 $0 $575,031 ntergovernmental/County, $0 $0 $0 Intergovernmental/Federal $0 $0 $0 Current Service Charges $6,017,034 $0 $0 Other Revenue $413.610 $0 $0 TOTAL ESTIMATED REVENUE $32,088,297 $456,655 $579,833 INTERFUND TRANSFERS IN $334,577 $52,031 $0 ESTIMATED FUNDS AVAILABLE $32,422,874 $508.686 $579.833 ESTIMATED FUND BALANCE 711113 $6,061,329 $44.497 $219,336 TOTAL FUNDS AVAILABLE $38,484.203 $553,183 $799,169 APPROPRIATIONS Operating Budget $29,401,291 $544,769 $0 Capital Outlay $102,110 $0 $0 Capital Improvements $609,331 $0 $502,000 TOTAL APPROPRIATIONS $30,112,732 $544.769 $502,000 INTERFUND TRANSFERS OUT $1.974.348 $8,414 $293,498 TOTAL APPROPRIATIONS/TRANSFERS OUT $32,087,080 $553,183 $796,498 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' E TIMATED FUND BALANCE 6130114 $6,397,123 a 0 (a) CLASSIFICATIONS OF FUND BALANCE: Restricted Prior Balance Current Balance Affordable Housing $41,831 General Plan Maintenance Fees(6/30114) $184,720 $0 Venzon PEG Grant $40,870 $2,860 Greenwald Theatre Improvement Donation $45,000 $45,000 CDBG Fund Exchange 2012 $63,000 58134 CDBG Fund Exchange 2013 $55.739 $0 Committed Clark Building Future Renovations $1,000 $0 Capital Outlay -Parking Facilities $9,692 $0 In Lieu Feet Parking Facility $28,900 Assam Beach/Plaza Promotions (12131112) $36,466 $13,472 Beach/Plaza Promotions(Eslimated 6/30113-6130/14) $20,000 Contingencies $4,730.136 Retirement Rate Stabilization $1,000,000 Compensated Absences $297,262 Sales Tax Receivable - Due 01114 159 528 $6,397,123 Exhibit A r] ESTIMATED REVENUE Taxes Licenses/Permits Fines/Forfeitures Use of Money/Property Intergovernmental/State Intergovernmental/County, InlergovernmentaVFederal Current Service Charges Other Revenue 111f111=6,1116FA >_939'L#,L1L INTERFUND TRANSFERS IN ESTIMATED FUNDS AVAILABLE ESTIMATED FUND BALANCE 711/13 TOTAL FUNDS AVAILABLE APPROPRIATIONS Operating Budget Capital Outlay Capital Improvements TOTAL APPROPRIATIONS $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,144 $0 $315,165 $333 $0 $0 $0 $0 $0 $20,557 $0 $0 $0 $0 $0 $0 $55,525 $0 $0 $0 $0 $0 $0 $0 $56,669 $20.557 $315,165 $333 $0 $0 $0 $0 $56,669 $20,557 $315,165 $333 $161.443 $3,354 $206,505 $3,330 $218,112 $23,911 $521.670 $3,663 $111,235 $0 $0 $0 $0 $0 $0 $0 $0 $0 $220,000 $0 $111.235 $0 $220,000 $0 INTERFUND TRANSFERS OUT $0 $20,557 $0 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $111,235 $20,557 $220.000 $0 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' IIESTIMATED D BALANCE 63014 $106.877 Exhibit A ESTIMATED REVENUE Taxes $6.922 $0 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $1,687 $22 $0 $148 Intergovernmental/State $0 $0 $0 $0 IntergovernmentallCounly $0 $0 $0 $0 Intergovernmental,Federal $0 $0 $0 $0 Current Service Charges $0 $0 $0 $0 Other Revenue $185.264 $4,350 $2.600 $9,000 TOTAL ESTIMATED REVENUE $193,873 $4,372 $2,600 $9,148 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $193.873 $4,372 $2.600 $9, 148 ESTIMATED FUND BALANCE 7/1113 $131,260 $1,497 $4,544 $13.032 TOTAL FUNDS AVAILABLE $325,133 $5.869 $7,144 $22,180 APPROPRIATIONS Operating Budget $35.813 $1,890 $1,725 $8,625 Capital Outlay $0 $0 $0 $0 Capital Improvements $210,000 $0 $0 $0 TOTAL APPROPRIATIONS $245,613 $1.890 $1.725 $8,625 INTERFUND TRANSFERS OUT $0 $2,718 $1,142 $3,310 TOTAL APPROPRIATIONS/TRANSFERS OUT $245.813 $4,608 $2,867 $11,935 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS 1 JESTIMAI79, 0 $1,261 $4,277 $10,245 Exhibit A 8 CITY OF HERMOSA BEACH BUDGET SUMMARY 0 2013-04 ESTIMATED REVENUE Taxes $0 $0 $333,166 Licenses/Permits $0 $0 $0 Fines/Forfeitures $0 $0 $0 Use of Money/Property $198 $23 $1,907 Imergovernmental(State $0 $0 $0 IntergovernmentaVCounly $0 $0 $0 Intergovernmentat(Federal $0 $0 $67,715 $0 Current Service Charges $0 $0 $6,300 Other Revenue $10,000 $3,000 $0 TOTAL ESTIMATED REVENUE $10,198 $3,023 $67,715 $341,373 INTERFUND TRANSFERS IN $0 $0 $0 ESTIMATED FUNDS AVAILABLE $10,198 $3,023 $67,715 $341.373 ESTIMATED FUND BALANCE 7/1113 $18,066 $1,913 $0 $295,306 TOTAL FUNDS AVAILABLE $28,264 $4,936 $67,715 $636.678 APPROPRIATIONS Operating Budget $7,750 $1,955 $0 $191, 282 Capital Outlay $0 $0 $0 $0 Capital Improvements $0 $0 $67,715 $275,000 TOTAL APPROPRIATIONS $7,750 $1,955 $67,715 $466.282 INTERFUND TRANSFERS OUT $3,783 $1,155 $0 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $11,533 $3,110 $67,715 $466,282 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' ES IMATED FUND BALANCE 6130114 $16,731 $1,8260 $170,39611 Exhibit A CITY OF HERMOSA BEACH BUDGET SUMMARY A ' 2013-14 �, ESTIMATED REVENUE Taxes $276.353 $207,264 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $3,977 $3,207 $0 $966 InlergovernmenlaVState $0 $0 $6,400 $22.500 Intergovernmental/County $0 $0 $0 $0 IntergovernmentaVFederal $0 $0 $637,184 $0 Current Service Charges $0 $0 $0 $0 Other Revenue $0 $0 $D $0 TOTAL ESTIMATED REVENUE $280,330 $210,471 $642.584 $23.466 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $280,330 $210,471 $642,584 $23,466 ESTIMATED FUND BALANCE 711113 $387,353 $120.596 $0 $26,180 TOTAL FUNDS AVAILABLE $667,683 $331,067 $642,584 $49.646 APPROPRIATIONS Operating Budget $15,000 $0 $225,400 $3,600 Capital Outlay $0 $0 $0 $0 Capital Improvements $503,000 $262.000 $279,006 $0 TOTAL APPROPRIATIONS $518,000 $262.000 $504.406 $3,60D INTERFUND TRANSFERS OUT $0 $0 $0 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $518,000 $262.000 $504,406 $3,600 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' TIM TED FUND BALANCE 6 014 $149.683 $69,067 $138,178 $46,046 STLP Funds Reserve $ 135,178 Exhibit A 10 Rvs o CITY OF HERMOSA BEACH BUDGET SUMMARY 2073-74 ESTIMATED REVENUE Taxes $100.000 $0 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $37,000 $0 Use of Money/Property $1,838 $9,419 $2,457 $426 IntergovernmentaVState $0 $5,689 $0 $0 Intergovernmental/County $0 $13,570 $0 $0 Intergovernmental/Federal $0 $0 $0 $0 Current Service Charges $0 $36,000 $0 $0 Other Revenue $0 $0 $0 $10,600 TOTAL ESTIMATED REVENUE $101,838 $64.678 $39,457 $10,926 INTERFUND TRANSFERS IN $0 $1,019,149 $0 $0 ESTIMATED FUNDS AVAILABLE $101,838 $1,083,827 $39.457 $10.926 ESTIMATED FUND BALANCE 711/13 $110.444 $224,863 $301,444 $12,074 TOTAL FUNDS AVAILABLE $212,282 $1,308,690 $340.901 $23,000 APPROPRIATIONS Operating Budget $110,029 $868.690 $6,700 $0 Capital Outlay $84,846 $0 $600 $0 Capital Improvements $0 $440,000 $0 $0 TOTAL APPROPRIATIONS $194.875 $1.308,690 $7,300 $0 INTERFUND TRANSFERS OUT $0 $0 $0 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $194,875 $1,308,690 $7,300 $0 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' JESTIMATED FUND BALANCE 6130114 333,60 23,000 (c) CLASSIFICATION OF FUND BALANCE Restricted Designated Dept of Justice Funds $130,402 Designated Dept of Treasurer Funds $16,964 Exhibit A 11 h CITY OF HERMOSA BEACH BUDGET SUMMARY 2013-ib ESTIMATED REVENUE Taxes Licenses/Permits Fines/Forfeitures Use of Money/Property Intergovemmental/State Inlergovernmental(Counly IntergovernmentaliFederal Current Service Charges Other Revenue Ik-104=690u' 019l:L�I3:lrL INTERFUND TRANSFERS IN ESTIMATED FUNDS AVAILABLE ESTIMATED FUND BALANCE 711113 TOTAL FUNDS AVAILABLE APPROPRIATIONS Operating Budget Capital Outlay Capital Improvements TOTAL APPROPRIATIONS $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $8,876 $117 $1,221 $304 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $8,876 $117 $1,221 $304 $0 $0 $0 $0 $8,876 $117 $1221 $304 $44,781 $3,949 $156,863 $11,471 $53,657 $4,066 $158,084 $11,775 $0 $4,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $4,000 $0 $0 INTERFUND TRANSFERS OUT $0 $0 $0 $0 TOTAL APPROPRIATIONS/TRANSFERS OUT $0 $4,000 $0 $0 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' JESTIMATED FUND BALANCE 6130114 $53,657 5, Exhibit A 12 ESTIMATED REVENUE Taxes $0 $0 $0 $0 Licenses/Permits $0 $0 $0 $0 Fines/Forfeitures $0 $0 $0 $0 Use of Money/Property $596 $43 $755 $985 IntergovernmenlaVState $0 $0 $0 $0 InlergovernmenlaVCounty $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 $596 $43 $755 $985 INTERFUND TRANSFERS IN $0 $0 $0 $0 ESTIMATED FUNDS AVAILABLE $596 $43 $755 $985 ESTIMATED FUND BALANCE 7/1113 $75,771 $1,064 $38,864 $104.541 TOTAL FUNDS AVAILABLE $76,367 $1,107 $39,619 $105.526 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' JESTIMATED FUND BALANC 6130/14 $76,367 $1.107 $39,6 9 Exhibit A 13 ✓ ` +' CITY OF HERMOSA BEACH BUDGET SUMMARY IL�LQJ 2013-14 ESTIMATED REVENUE Taxes $0 $0 $0 $22,829,550 Licenses/Permits $0 $0 $0 $771,176 Fines/Forfeitures $0 $0 $0 $2,546,805 Use of Money/Property $141 $0 $0 $1,168,442 IntergovernmentallState $0 $0 $0 $728.417 IntergovernmentaVCounty, $D $0 $0 $34,127 Intergovernmental/Federal $0 $0 $0 $704,899 Current Service Charges $0 $2,700,092 $1.715,493 $10,530,444 Other Revenue $0 $108.177 $0 $746,501 TOTAL ESTIMATED REVENUE $141 $2,808,269 $1,716,493 $40.060.361 INTERFUND TRANSFERS IN $0 $903.168 $0 $2,308,925 ESTIMATED FUNDS AVAILABLE $141 $3,711,437 $1,715,493 $42.369.286 ESTIMATED FUND BALANCE 711113 $3,350 $3,964,590 $5.945.899 $18,699,508 TOTAL FUNDS AVAILABLE $3,491 $7,676,027 $7,661,392 $61,068,794 APPROPRIATIONS Operating Budget $0 $2,897,536 $1,884.015 $36.321.305 Capital Outlay $0 $0 $1,376,015 $1.563,571 Capital improvements $0 $0 $0 $3,368,052 TOTAL APPROPRIATIONS $0 $2,897,536 $3,260.030 $41,252,928 INTERFUND TRANSFERS OUT $0 $0 $0 $2,308,925 TOTAL APPROPRIATIONS/TRANSFERS OUT $D $2,897.536 $3,260,030 $43,561,853 ADJUST FUND BALANCE FOR FIXED ASSET ADDITIONS' $1,096.575 $1.096.575 F ND BALAN E 6130114 $3,491 $4,778,491 $5,497,937 Potential Contingencies (d) Investment In Oil Settlement Fixed Assets 2.500.000 $2,385,138 $3,500,000 are recorded as Designated for Building Liability for a total Maintenance Funds of$6,000,000 for the $406,220 Oil contigency. Reflects increase to fund balance for fixed asset purchases Internal Service Funds. Exhibit A 14 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. 13-6848 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, 2013. The vote was as follows: AYES: DiVirgilio, Duclos, Fishman, Tucker, Mayor Bobko NOES: None ABSTAIN: None ABSENT: None Dated: June 11, 2013 S '� Elaine Doerfling, City Cler .