HomeMy WebLinkAbout02/08/11"If you judge yeoy[e, you fiave no time to [ave tfiem" -Jvlotfier Teresa
AGENDA
HERMOSA BEACH CITY COUNCIL
Tuesday, February 8, 2011-Council Chambers, City Hall
1315 Valley Drive
6:00p.m.-CLOSED SESSION: See attached Closed Session Agenda
7:00p.m.-REGULAR MEETING
MAYOR
Peter Tucker
MAYOR PROTEM
Howard Fishman
COUNCIL MEMBERS
Patrick 'Kit' Bobko
Michael DiVirgilio
Jeff Duclos
CITY CLERK
Elaine Doerfling
CITY TREASURER
John M. Workman
CITY MANAGER
Stephen R. Burrell
CITY ATTORNEY
Michael Jenkins
All council meetings are open to the public. PLEASE ATTEND.
The Council receives a packet with detailed information and recommendations on nearly every
agenda item.
City Council agendas and staff reports are available for your review on the City's web site
located at www.hermosabch.org.
Complete agenda packets are also available for public inspection in the Police Department, Fire
Department, Public Library and the Office of the City Clerk.
During the meeting, a packet is also available in the
Council Chambers foyer.
Written materials distributed to the City Council within 72 hours of the City Council meeting
are available for public inspection immediately upon distribution in the City Clerk's office at
1315 Valley Drive, Hermosa Beach, California, during normal business hours.
All written communications from the public included in the agenda will be posted with the
agenda on the City's website
To comply with the Americans with Disabilities Act of 1990, Assistive Listening Devices (ALD)
will be available for check out at the meeting.
If you require special assistance to participate in this meeting, you must call or submit your
request in writing to the Office of the City Clerk at (310) 318-0203 at least 48 hours prior to the
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Your participation in this meeting is in the public domain. Meetings are both cablecast
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this meeting and are posted on the city's website
CALL TO ORDER
PLEDGE OF ALLEGIANCE
ROLLCALL
CLOSED SESSION REPORT
ANNOUNCEMENTS
PROCLAMATIONS I PRESENTATIONS
PUBLIC PARTICIPATION: Although the City Council values your comments, the Brown
Act generally prohibits the Council from taking action on any matter not listed on the posted
agenda as a business item.
1. ORAL AND WRITTEN COMMUNICATIONS
This is the time for members of the public to address the City Council on any items within the
Council's jurisdiction not on this agenda, on items on this agenda as to which public comment
will not be taken, or to request the removal of an item from the consent calendar. Comments on
public hearing items are heard only during the public hearing. Members of the audience may
also speak:
1) during discussion of items removed from the Consent Calendar;
2) during Public Hearings; and,
3) during discussion of items appearing under Municipal Matters.
Comments from the public are limited to three minutes per speaker.
The City Council acknowledges receipt of the written communications listed below. No action
will be taken on matters raised in written communications.
The Council may take action to schedule issues raised in oral and written communications for a
future agenda.
Citizens with comments regarding City management or departmental operations are requested to
submit those comments to the City Manager.
NO WRITTEN COMMUNICATIONS
2. CONSENT CALENDAR: The following more routine matters will be acted upon by
one vote to approve with the majority consent of the City Council. There will be no
separate discussion of these items unless a Council member removes an item from .the
Consent Calendar. Items removed will be considered under Agenda Item 4, with public
comment permitted at that time.
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(a) Recommendation to approve minutes of the regular meeting of the Citv Council
held on January 25,2011.
(b) Recommendation to ratify check register and to approve cancellation of certain
checks as recommended by the Citv Treasurer.
(c) Recommendation to receive and file
1) Tentative Future Agenda Items; and,
2) City Council Directives
(d) Recommendation to receive and file the December 2010 Revenue and Expenditure
reports.
(e) Recommendation to accept various donations totaling $50 to be used for the
purchase of a television for the Hermosa Senior Activity Center. Memorandum from
Finance Director Viki Copeland dated January 31, 2011.
(f) Recommendation to approve a Memorandum of Agreement with the Regional
Terrorism Information Integration System participating agencies for the continued
participation of the Citv of Hermosa Beach in the Los Angeles Regional Integrated
Law and Justice Project and authorize the Mayor to execute the appropriate
documents. Memorandum from Police Chief Greg Savelli.
(g) Recommendation to adopt a resolution approving the Los Angeles Interagency
Metropolitan Police Apprehension Crime Task Force Joint Powers Agreement
("LA-Impact JPA"), thus authorizing the Citv's membership in the LA Impact
Authority and; authorizing the City .Manager to execute the JPA Agreement.
Memorandum from Police Chief Greg Savelli.
(h) Recommendation to amend the scope of work in the Professional Services
Agreement to Hartzog & Crabill, Inc. for Traffic Engineering Services and direct
the City Manager to execute said amendment. Memorandum from Interim Public
Works Director Frank Senteno dated February 2, 2011.
3. CONSENT ORDINANCES
NONE
4. ITEMS REMOVED FROM THE CONSENT CALENDAR FOR SEPARATE
DISCUSSION
* Public comments on items removed from the Consent Calendar.
3
5. PUBLIC HEARINGS-TO COMMENCE AT 7:30P.M.
a. ZONING TEST AMENDMENT FOR "REASONABLE
ACCOMODATION" FOR PERSONS WITH DISABILITIES SEEKING
EQUAL ACCESS TO HOUSING. (Continued from meetings of
January 11, 2011 and January 25, 2011) Memorandum from Community
Development Director Ken Robertson dated February 3, 2011.
RECOMMENDATION: Waive full reading and introduce ordinance to amend
the zoning code by adding provisions for ''reasonable acconnnodation" for
persons with disabilities seeking equal access to housing.
6. MUNICIPAL MATTERS
a. MIDYEAR BUDGET REVIEW 2010-11. Memorandum from Finance Director
Viki Copeland dated January 18, 2011.
RECOMMENDATION: Approve the reviSions to estimated revenue,
appropriations, budget transfers and fund balances as shown in the Revenue Detail
Report and Budget Sunnnary and receive and file the six-month review of Fire
Department staffing changes from Fire Chief David Lantzer.
b. REQUEST FOR WAIVER OF CITY FEES ASSOCIATED WITH THE
PRODUCTION OF THE ST. PATRICK'S DAY PARADE. Memorandum
from City Manager Stephen Burrell dated February 1, 2011.
RECOMMENDATION: Review the request and determine whether or not to
waive any City costs of this event.
c. OPTIONS FOR REGULATING LIVE ENTERTAINMENT AND
ENTERTAINMENT PROMOTERS WITH AN ENTERTAINMENT
PERMIT. Memorandum from Connnunity Development Director
Ken Robertson dated February 2, 2011.
RECOMMENDATION: Receive and file or, alternatively, direct staff to
prepare a code amendment to establish an entertaiument permit process,
designating the City Manager or City Council responsible for conducting hearings
and issuing and renewing entertainment permits.
4
d. REQUEST TO WAIVE CONDITIONAL USE PERMIT AND
BUILDING/PLAN CHECK FEES FOR SMALL WIND ENERGY SYSTEM
FOR "NET-ZERO" ENERGY EFFICIENT HOME AT 1556 PROSPECT
A VENUE. Memorandum from Community Development Director
Ken Robertson dated February 8, 2011.
RECOMMENDATION: To consider waJVmg City fees for processing a
conditional use pennit application, and building permit and plan check fees.
Should the Council determine to waive the fees, set the conditional use permit and
building permit fees each at $1.00, and charge only the contract service fees the
City pays for noticing and plan check and any other outside agency fees.
e. FIRE PROTECTION IMPROVEMENT FEE. Memorandum from Fire Chief
David Lantzer dated February 1, 2011.
RECOMMENDATION: Waive full reading and introduce an ordinance
adopting the Fire Protection Improvement Fee as recommended in a study
conducted by TischlerBise.
7. MISCELLANEOUS ITEMS AND REPORTS-CITY MANAGER
NONE
8. MISCELLANEOUS ITEMS AND REPORTS -CITY COUNCIL
NONE
9. OTHER MATTERS -CITY COUNCIL
Requests from Council members for possible future agenda items. No discussion or
debate of these requests shall be undertaken; the sole action is whether to schedule the
item for consideration on a future agenda. No public comment will be taken.
a. Request from Mayor Tucker to amend the city code and, if needed, to make
the California Building Code more restrictive with regards to providing
additional parking for businesses that want to increase their current
occupant loads.
b. Request from Mayor Pro Tern Fishman that the City Council direct staff to
determine the feasibility of developing a "Food Truck" vending area on
111h Place and Pacific Coast Highway adjacent to the Community Center
lawn and report back to the City Council.
ADJOURNMENT
5
I i
AGENDA
CLOSED SESSION MEETING
HERMOSA BEACH CITY COUNCIL
Tuesday, February 8, 2011 -Council Chambers, City Hall
1315 Valley Drive
6:00p.m.
The City Council finds, based on advice from legal counsel, that discussion in open session will
prejudice the position of the City in existing and anticipated litigation.
CALL TO ORDER
1. PUBLIC COMMENT: This time has been set aside for members of the public to
address the City Council on Closed Session items.
2. MINUTES: Approval of minutes of Closed Session meeting held on January 25, 2011.
3. CONFERENCE WITH LABOR NEGOTIATOR
Government Code Section 54957.6
City Negotiator:
Employee Organizations:
Stephen Burrell
Hermosa Beach Police Officers' Association
Hermosa Beach Firefighters' Association
Teamsters Union, Local 911
Professional and Administrative Employee Group
Hermosa Beach Management Association
Hermosa Beach Police Management Association
Hermosa Beach Professional Engineers Bargaining Group
Umepresented employees
4. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
Government Code Section 54956.8
a. Property:
Negotiating Parties:
Under Negotiation:
51 Pier Avenue
Stephen Burrell & Fat Face Fenner's Fishack
Price & Terms of Payment
6
5. CONFERENCE WITH LEGAL COUNSEL
The City Council fmds, based on advice from legal counsel, that discussion in open
session will prejudice the position of the City in the litigation.
Existing Litigation: Government Code Section 54956.9(a)
a. Name of Case:
Case Number:
b. N arne of Case:
Case Number:
Macpherson v. City of Hermosa Beach
BC172546
Winters v. City of Hermosa Beach, et al.
CV 09-5667 RCK (FMOx)
6. PUBLIC EMPLOYEE PERFORMANCE EVALUATION
Government Code Section 54957
Title: City Manager
ADJOURNMENT
7
January 18, 2011
Honorable Mayor and Members of City Council Meeting of
The Hermosa Beach City Council February 8, 2011
MIDYEAR BUDGET REVIEW 2010-11
RECOMMENDATION:
It is recommended that the City Council:
1. Approve the revisions to estimated revenue, appropriations, budget transfers and
fund balances as shown below and in the attached Revenue Detail Report and
Budget Summary.
2. Receive and file the six-month review of Fire Department staffing change from Fire
Chief David Lantzer.
BACKGROUND:
The City has conducted a Midyear Budget Review annually since fiscal year 1981-82. The
review is a good tool to ensure that assumptions and estimates originally used to prepare the
budget ten months earlier remain realistic.
ANALYSIS:
OVERVIEW
General Fund revenue is up slightly at midyear by 1%. We have calculated savings achieved
through the Two-Year Service Credit Retirement Incentive to be $1.1 million. The process of
filling the positions of 1 Fire Captain and 1 Police Captain is already in progress. We are also
recommending funding the following positions:
2 Police Officers
1 Public Works Director
The cost for all the above mentioned positions is $221,448 for the remainder of the year.
The annual amount required for the above positions is roughly $600,000. Total additional funds
of $1.4 million are available primarily from revised revenue estimates and retirement savings.
These remaining funds will be transferred to the Compensated Absences Fund, Contingency
Fund and Insurance Fund (see page 10 for Goals).
Fourteen positions were held vacant in the original budget; eleven employees took the early
retirement incentive for a total of twenty five vacant positions. Five positions are being filled so
the vacant position total is now twenty. It is recommended that remaining vacant positions and
staffing levels be considered with the 2011-12 Budget.
REVENUE
(Note: Refer to the more detailed Revenue Detail Report for individual revenue accounts. This report is
behind the agenda item.)
The overall change in the General Fund revenue estimate is an increase of $324,940 or
approximately 1%. While we can’t say the “recession” is over, we are hopeful that this is a sign
that revenue is at least leveling off overall. The following charts show the trends for the largest
tax revenue sources.
- 1 -
2010-11 Midyear Revenue by Category
2010-11 2010-11 Increase %
General Fund Revised Budget Midyear Revision (Decrease) Change
Property Taxes 11,050,369 11,453,361 402,992 3.65%
Sales Taxes 2,100,145 2,100,145 0 0.00%
Utility User's Tax 2,484,623 2,564,399 79,776 3.21%
Transient Occupancy Tax 1,443,327 1,599,189 155,862 10.80%
Other Taxes 1,743,297 1,790,497 47,200 2.71%
Licenses and Permits 650,886 575,867 (75,019)
-
11.53%
Fines & Forfeitures 2,170,421 2,118,127 (52,294) -2.41%
Use of Money & Property 348,065 331,340 (16,725) -4.81%
Intergovernmental/State 165,704 176,941 11,237 6.78%
Current Service Charges 4,115,084 3,805,516 (309,568) -7.52%
Other Revenue 87,443 168,922 81,479 93.18%
Total 26,359,364 26,684,304 324,940 1.23%
Taxes
Property Tax
The estimate for secured property tax revenue is adjusted by 4%. Our estimate was -2%; the
actual levy is a positive 1% over 09/10 which came in a bit higher than projected. Growth for the
prior three years was 4%, 7%, and 12% respectively. Hermosa Beach had the 20th highest
change in assessed valuation in Los Angeles County and was one of 26 cities out of 88 that had
positive growth in secured and unsecured assessed valuations.
Secured Property Tax
1999 - 2011
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
1998-991999-002000-012001-022002-03 2003-04 2004-05 2005-062006-07 2007-082008-092009-102010-11 Est
Sales Tax
Sales tax revenue is up 3% for the first half, which is good news, although, we are still 29%
lower than our highest year of 2000-01. As shown in the graph on the next page, the 2010-11
estimate is consistent with sales tax received in 1998-99.
- 2 -
The two highest categories, Eating/Drinking Places and Other Retail both increased by about
7% for the first half. Auto Dealers, the third highest category, increased by 3%. Another notable
change is the decline in service stations due to fuel prices. With fuel prices increasing, the
second half will likely be different. Although sales tax receipts are slightly up, we are leaving the
sales tax estimate intact.
As in the original budget, sales tax is split into two accounts now, 3108 Sales Tax and 3104 In
Lieu Sales Tax. The In Lieu amount is the State’s “Triple Flip” 25% reduction of local
government sales tax, which will be repaid in January and May with property tax funds. These
accounts are shown in the Midyear Revenue Review Report.
Sales Tax
1999 - 2011
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
1998-991999-002000-012001-022002-03 2003-04 2004-05 2005-062006-07 2007-082008-092009-102010-11 Est.
$2,127,364
98-99
$2,100,145
10-11 Est.
The following charts compare sales tax on major accounts for the first half of this year to the first
half of last year by the top ten categories to show what the trends are by category and
geographic area.
SALES TAX
Comparison of First Half of 2009-10 to 2010-11
Top Ten Categories
RANK/BUSINESS CLASS* Sales Tax
2010-11
Inc./
(Dec.)
% of
Change
Prev. Yr.
Percent
of Total
1. EATING/DRINKING PLACES 443,252 $27,217 6.54% 44.75%
2. OTHER RETAIL STORES 141,196 $9,256 7.02% 14.26%
3. AUTO DEALERS AND SUPPLIES 86,968 $2,779 3.30% 8.78%
4. FOOD STORES 85,176 ($2,709) -3.08% 8.60%
5. SERVICE STATIONS * * -18.55% *
6. BUILDING MATERIALS 52,648 $2,934 5.90% 5.32%
7. BUSINESS, SERVICE, REPAIR 35,956 ($1,720) -4.57% 3.63%
8. FURNITURE/APPLIANCE 30,619 ($9,522) -23.72% 3.09%
9. DRUG STORES * * -2.34% *
10. APPAREL STORES 30,046 $4,477 17.51% 3.03%
*Drug store and service station amounts are not listed because there are too few in the category
- 3 -
Sales Tax Comparison by Geographic Area
Revenue % of Revenue % of LOCATION 2009-10 Total % Chg 2010-11 Total
PCH 377,338 43% -3% 364,758 42%
Downtown 342,354 39% 2% 348,811 41%
Pier/Valley/Monterey 122,126 14% -12% 107,648 13%
Aviation 35,504 4% 9% 38,749 4%
2010-11 MIDYEAR SALES TAX BY GEOGRAPHIC
AREA
Pier/Valley/
Monterey
13%
Aviation
4%
Downtown
41%
PCH
42%
Transient Occupancy Tax
Transient Occupancy Tax (TOT) is almost 11% up compared to the first half of last year (only
July-November is available). Overall occupancy for the first half is 73.42% compared to 69.50%
for the first half of last year. Occupancy for Los Angeles County and the South Bay is 76.59%
and 73.62%, respectively (only July-October is available). While this is great news that the
hotels are doing better, it must be tempered by the realization that the current budget estimate
is consistent with TOT revenue in 2005-06 as the chart below shows.
Transient Occupancy Tax
1999 - 2011
0
500,000
1,000,000
1,500,000
2,000,000
1998-991999-002000-012001-022002-03 2003-04 2004-05 2005-062006-07 2007-082008-092009-102010-11 Est.
$1,599,189
10-11 Est. $1,628,394
05-06
- 4 -
Utility User Tax
Utility User Tax (UUT) revenue is being revised up 3% from the original budget. Receipts for
the first half are flat with an increase of less than 1%. At budget time, receipts for 2009-10 were
trending lower but came back by year end to be almost at the 2008-09 level. This budget
estimate is closest to revenue in 2003-04 as the chart below shows.
Utility User Tax
1999 - 2011
0500,0001,000,0001,500,0002,000,0002,500,0003,000,000
1998-991999-002000-012001-022002-03 2003-042004-05 2005-062006-07 2007-082008-092009-102010-11 Est.
$2,652,821
03-04 $2,564,399
10-11 Est.
The most significant changes within each revenue category are discussed below.
Licenses and Permits
Licenses and Permits are being adjusted down almost 12% due to lower building, electric, and
plumbing permits and lower occupancy permits. Building permit revenue is being adjusted down
14% however the new estimate is higher than 2009-10 in actual revenue by 16%. Building
permit revenue for 2009-10 was 36% down from 2008-09. A comparison of permits for the first
half of 2009 and 2010 are presented below.
Building Permits
Residential Commercial Total # of Permits Valuation # of Permits Valuation # of Permits Valuation
Jul – Dec 2010 200 $4,324,790 35 $816,030 235 $5,140,820
Jul – Dec 2009 182 $4,361,855 23 $497,300 205 $4,859,155
Residential permits for 2010 increased by 10% in number; permit valuations declined by .9%.
Commercial permits for 2010 increased by 52% in number; permit valuations increased by 64%.
While permits increased somewhat in number and total valuation, revenue is at the same level
as 1996-97.
Fines and Forfeitures
Municipal Court Fines are decreasing 25% due to lower recovery of costs for misdemeanor
cases and fewer cites written.
Use of Money and Property
This category is decreasing primarily due to lower revenue from special events, (cancellation of
AVP and EVP volleyball tournaments.)
- 5 -
Current Service Charges
Overall, service charges are decreasing by almost 8%. The two largest changes are in
Ambulance Transport Fees and Parking Meters. Ambulance transports for the first half are
lower by 16% than the first half of 2009-10; 381 vs. 455. Based on projections from our
ambulance billing firm, revenue will be less by about 18%.
We are adjusting parking meter revenue by -11% due to lower collections for the first half. The
bad weather combined with the loss of meters on Pier Avenue during construction translates to
a reduction of $208,150.
ADDITIONAL APPROPRIATIONS
The following additional appropriations are requested:
GENERAL FUND (001)
Community Resources
Part-time Salaries $30,000 Additional Staff hours required
to run the after school
programs (offset by revenue).
$30,000 Additional Staff hours required
to run the Hermosa Senior
Activity Center
Overtime $10,000 Additional hours required to
fulfill the vacant Director
position.
Medicare Benefits $1,015 Additional cost for part-time
and overtime salaries
requested.
Advertising ($5,000)No longer printing brochures 3
times per year.
Memberships ($500)Reduced for memberships not
needed for vacant Director and
Recreation Supervisor
positions.
Conference/Training ($1,500)Reduced for conferences and
training originally budgeted for
vacant Director and Recreation
Supervisor positions.
Fire Department
Equipment More Than $5,000 $1,400 Donations received for the
purchase of ECG machines
should have been
reappropriated at year end but
were inadvertently overlooked.
Police
Community Services
Contract Services/Private $2,717 New estimate for credit card
processing for Pay-By-Space
meters in Lot B based on
activity which is higher than
anticipated. Both PayPal and
merchant services accounts
are required.
Maintenance Materials $1,067 Sales tax on the purchase of
spare parts for the Duncan
Pay-By-Space meters to be
paid directly to the State of
California.
- 6 -
GENERAL FUND (001) continued
Public Works
Building Maintenance Division
Contract Services/Private ($11,004)Savings from new contract for
janitorial services effective
7/1/10.
Parks Division
Contract Services/Private ($17,422)Savings from new vendor and
new contract for street
sweeping effective 11/1/2010.
Street Maintenance/Traffic Safety Division
Contract Services/Private ($44,344)Savings from new vendor and
new contract for street
sweeping effective 11/1/2010.
TOTAL GENERAL FUND ($3,571)
DOWNTOWN ENHANCEMENT FUND (109)
Public Works
Downtown Enhancement Division
Contract Services/Private ($35,082)Savings from new vendor and
new contract for street
sweeping effective 11/1/10.
North Pier Parking Structure Division
Contract Services/Private ($595)Savings from new vendor and
new contract for street
sweeping effective 11/1/10.
$25,761 New estimate for credit card
processing for Pay-By-Space
meters based on activity which
is higher than anticipated. Both
PayPal and merchant services
accounts are required.
Lot A
Contract Services/Private $21,467 New estimate for credit card
processing for Pay-By-Space
meters based on activity which
is higher than anticipated. Both
PayPal and merchant services
accounts are required.
County Share of Parking Structure Revenue
Contract Services/Government ($89,311)Adjust County Share of Parking
Structure revenue to reflect
Midyear changes.
CIP 127
Citywide Street Improvements/Various
Locations
Contract Services/Private $63,979 Funds required to perform
pavement improvements to
Parking Lots A and B as
presented to the City Council in
item 6a on the agenda of
January 11, 2011.
TOTAL DOWNTOWN ENHANCEMENT
FUND ($13,781)
- 7 -
PROPOSITION C FUND (146)
Public Works
CIP 116
Pier Avenue/Hermosa Avenue to Pacific Coast
Highway
Contract Services/Private $30,000 Funds required to complete
construction on the Pier
Avenue project.
TOTAL PROPOSITION C FUND $30,000
GRANTS FUND (150)
Public Works
CIP 420
Hermosa Strand Infiltration Trench
Contract Services/Private ($24,943)Adjustment to reappropriation
because less funds are
needed.
TOTAL GRANTS FUND ($24,943)
CAPITAL IMPROVEMENT FUND (301)
Public Works
CIP 116
Pier Avenue/Hermosa Avenue to Pacific Coast
Highway
Contract Services/Private $116,914 Funds required to complete
construction on the Pier
Avenue project. Funding is
available from In-lieu fees for
street improvements collected
for improvements related to
private projects at 200 Pier
Avenue, 205 Pier Avenue, 338
Pier Avenue and 400 Pier
Avenue.
CIP 127
Citywide Street Improvement Project
Contract Services/Private $25,000 Funds required to complete
Bayview Drive Street
Improvements. Funding is
available from funding received
for In-lieu fees from private
project at 200 Pier Avenue.
TOTAL CAPITAL IMPROVEMENT FUND $141,914
- 8 -
EQUIPMENT REPLACEMENT FUND (715)
Police
Community Services
Equipment More Than $5,000 $14,305 Sales tax on the purchase of
Duncan Pay-by-Space meters
($18,528 reduced by savings
for monthly wireless fees of
$4,223) to be paid directly to
the State of California.
$2,270 Sales tax on the purchase of
Duncan handheld citation
writers ($4,990 reduced by
savings for monthly wireless
fees of $2,720) to be paid
directly to the State of
California.
$6,585 Retrofit and upgrade cameras
on handheld citation writers to
newest model available.
TOTAL EQUIPMENT REPLACEMENT FUND $23,160
FINANCIAL POLICIES
The City Council’s adopted policies are:
General Fund – Any funds remaining unspent at year-end in the General Fund
transfer equally to the Contingency Fund, Insurance Fund, Equipment Replacement
Fund and the Capital Improvement Fund. The City Council may change these
transfers from time to time as necessary. For 2010-11, all funds were transferred to
the Insurance Fund.
Compensated Absences Fund – Goal of fund balance equal to 25% funding for
accrued liabilities for employee vacation, sick and compensatory time.
Contingency Fund – Goal of fund balance equal to 15% of the General Fund
appropriations for economic uncertainties, unforeseen emergencies.
Insurance Fund – Goal of $3,000,000 in retained earnings for claims reserves and
catastrophic losses.
Equipment Replacement Fund – Goal of retained earnings equal to the
accumulated amount calculated for all equipment, based on replacement cost and
useful life of equipment.
Retirement Stabilization Fund – Created with the 2004-05 Budget for use during
times of rising retirement costs, which recently have resulted primarily from reduced
investment earnings.
- 9 -
Progress on Funding Goals
Fund Name
Goal
Estimated Fund
Balance 6/30/11
Over/(Under)
Goal Amount
Midyear
Change
Over/(Under)
Goal Amount
Compensated
Absences Fund
$297,262 $136,635 ($160,627) $160,627 $0
25.00%
Contingency
Fund
$3,791,772 $3,510,057* ($281,715) $281,715 $0
15.00% 13.89%
Insurance Fund $3,000,000 $1,968,113* ($1,031,887) $994,086 ($37,801)
Equipment
Replacement
Fund*
$2,943,186 $1,379,207 ($1,563,979) $0 ($1,563,979)
* Balances shown do not include funds to be received over time from the payback of loans made to purchase the
storage property adjacent to City Hall.
As is shown in the Over/(Under) Goal Amount column in the Goals chart on above, all funds
are under funded according to our policy prior to Midyear changes. With the recommended
change to transfer funds ($1,436,428) from the General Fund, the Compensated Absences
Fund and Contingency Fund meet the goal and the Insurance Fund is only slightly under
the goal.
The Contingency Fund, Insurance Fund, and Equipment Replacement Fund (ERF) are the
funds that made the loan to the Downtown Enhancement Fund (DEC) to purchase the
property adjacent to City Hall with amounts being paid back over time from lease proceeds.
The Contingency Fund and Insurance Fund have been the source of funds for
extraordinary legal expenses and actual and projected claims liabilities.
THE CHALLENGE FOR NEXT YEAR
We are recommending that the City Council approve the Midyear changes so that staff may
move on with preparation for the 2011-12 Budget.
• All labor contracts expired 6/30/10; we are still in negotiations regarding these contracts.
There have been no salary increases since July 2008.
• Retirement rates overall will increase approximately 10% for 2011-12 or about $400,000
(not counting early retirements). When second tier rates are adopted, rates will come
down over time.
• The estimated State budget deficit looms at $25B. There is no known impact to
Hermosa Beach’s General Fund at this time since we do not have a Redevelopment
Agency. If tax extensions proposed by the Governor are not passed by the voters, we
can expect a new round of takeaways.
• Property tax for 2011-12 will likely have positive growth, but will probably be in the
neighborhood of 2%.
• While there are some positives in sales tax and transient occupancy tax, it is difficult to
know if these trends will continue. We will consider this with the new budget.
In conclusion, while there is some good news in this report, we believe we should proceed
cautiously as we approach next year’s budget.
- 10 -
CITY OF HERMOSA BEACH BUDGET SUMMARY
MIDYEAR 2010-11
LIGHTING DOWNTOWN
GENERAL LANDSCAPING ENHANCEMENT
FUND FUND FUND
001 105 109
ESTIMATED REVENUE
Taxes $19,507,591 $453,514 $0
Licenses/Permits $575,867 $0 $0
Fines/Forfeitures $2,118,127 $0 $0
Use of Money/Property $331,340 $410 $261,035
Intergovernmental/State $176,941 $0 $0
Intergovernmental/County $0 $0 $0
Intergovernmental/Federal $0 $0 $0
Current Service Charges $3,805,516 $0 $1,045,314
Other Revenue $168,922 $0 $27,879
TOTAL ESTIMATED REVENUE $26,684,304 $453,924 $1,334,228
INTERFUND TRANSFERS IN $813,484 $68,354 $0
ESTIMATED FUNDS AVAILABLE $27,497,788 $522,278 $1,334,228
ACTUAL FUND BALANCE
7/1/10 $700,431 $64,758 $8,852,208
TOTAL FUNDS AVAILABLE $28,198,219 $587,036 $10,186,436
APPROPRIATIONS
Operating Budget $25,152,643 $537,572 $799,739
Capital Outlay $13,300 $0 $0
Capital Improvements $404,385 $0 $114,094
TOTAL APPROPRIATIONS $25,570,328 $537,572 $913,833
INTERFUND TRANSFERS OUT $2,289,997 $11,002 $461,681
TOTAL APPROPRIATIONS/TRANSFERS OUT $27,860,325 $548,574 $1,375,514
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/11 $337,894 (a)$38,462 $8,810,922 (b)
(a) DESIGNATIONS/RESERVES OF FUND BALANCE:(b) Investment In
Affordable Housing $41,831 Fixed Assets
Reserve for Capital Outlay $9,592 $9,796,489
Reserve Greenwald Theatre Improvement
donation $45,000
Beach/Plaza Promotion Designation $36,466
Clark Building Future Renovations $1,000
General Plan Maintenance Fees $48,709
Verizon PEG Grant $24,037
Sales Tax Receivable - Due 01/12 $131,259
$337,894
Storage Lot Loan (reduced by lease revenue)$1,019,256
Available Fund Balance 6/30/11 $0 $38,462 $33,689
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
12
CITY OF HERMOSA BEACH BUDGET SUMMARY
MIDYEAR 2010-11
COMPENSATED PROP A STATE GAS AB 939 ABSENCES OPEN SPACE TYCO
TAX FUND FUND FUND FUND FUND
115 117 119 121 122
ESTIMATED REVENUE
Taxes $0 $0 $0 $0 $0
Licenses/Permits $0 $0 $0 $0 $0
Fines/Forfeitures $0 $0 $0 $0 $0
Use of Money/Property $4,112 $2,442 $0 $0 $319,407
Intergovernmental/State $507,400 $0 $0 $0 $0
Intergovernmental/County $0 $0 $0 $270,557 $0
Intergovernmental/Federal $0 $0 $0 $0 $0
Current Service Charges $0 $58,826 $0 $0 $0
Other Revenue $0 $0 $0 $0 $0
TOTAL ESTIMATED REVENUE $511,512 $61,268 $0 $270,557 $319,407
INTERFUND TRANSFERS IN $0 $0 $160,627 $0 $0
ESTIMATED FUNDS AVAILABLE $511,512 $61,268 $160,627 $270,557 $319,407
ACTUAL FUND BALANCE
7/1/10 $601,420 $249,648 $136,635 $4 $655,407
TOTAL FUNDS AVAILABLE $1,112,932 $310,916 $297,262 $270,561 $974,814
APPROPRIATIONS
Operating Budget $0 $117,163 $0 $0 $0
Capital Outlay $0 $0 $0 $0 $0
Capital Improvements $514,103 $0 $0 $250,000 $542,137
TOTAL APPROPRIATIONS $514,103 $117,163 $0 $250,000 $542,137
INTERFUND TRANSFERS OUT $308,137 $0 $0 $20,557 $175,000
TOTAL APPROPRIATIONS/TRANSFERS OUT $822,240 $117,163 $0 $270,557 $717,137
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/11 $290,692 (c) $193,753 $297,262 $4 $257,677
(c) RESERVE:
Traffic Congestion Relief - $195,263
TDA Bike Path -$19,757
Available Fund Balance 6/30/11 $75,672 $193,753 $297,262 $4 $257,677
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
13
CITY OF HERMOSA BEACH BUDGET SUMMARY
MIDYEAR 2010-11
BAYVIEW DRIVE
PARK/DISTRICT
TYCO RECREATION ADMINISTRATIVE TIDELANDS FACILITY TAX EXPENSE
FUND FUND FUND
123 125 135
ESTIMATED REVENUE
Taxes $0 $13,034 $0
Licenses/Permits $0 $0 $0
Fines/Forfeitures $0 $0 $0
Use of Money/Property $1,708 $24 $15
Intergovernmental/State $0 $0 $0
Intergovernmental/County $0 $0 $0
Intergovernmental/Federal $0 $0 $0
Current Service Charges $0 $0 $0
Other Revenue $0 $121,232 $4,325
TOTAL ESTIMATED REVENUE $1,708 $134,290 $4,340
INTERFUND TRANSFERS IN $0 $0 $0
ESTIMATED FUNDS AVAILABLE $1,708 $134,290 $4,340
ACTUAL FUND BALANCE
7/1/10 $188,552 $4,198 $1,371
TOTAL FUNDS AVAILABLE $190,260 $138,488 $5,711
APPROPRIATIONS
Operating Budget $0 $0 $1,650
Capital Outlay $0 $0 $0
Capital Improvements $187,313 $0 $0
TOTAL APPROPRIATIONS $187,313 $0 $1,650
INTERFUND TRANSFERS OUT $0 $0 $2,718
TOTAL APPROPRIATIONS/TRANSFERS OUT $187,313 $0 $4,368
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/11 $2,947 $138,488 $1,343
Available Fund Balance 6/30/11 $2,947 $138,488 $1,343
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
14
CITY OF HERMOSA BEACH BUDGET SUMMARY
MIDYEAR 2010-11
BEACH DRIVE
LOWER PIER MYRTLE DISTRICT LOMA DISTRICT ASSESSMENT DISTRICT
ADMINISTRATIVE ADMINISTRATIVE ADMINISTRATIVE ADMINISTRATIVE EXPENSE EXPENSE EXPENSE EXPENSE
FUND FUND FUND FUND
136 137 138 139
ESTIMATED REVENUE
Taxes $0 $0 $0 $0
Licenses/Permits $0 $0 $0 $0
Fines/Forfeitures $0 $0 $0 $0
Use of Money/Property $0 $146 $188 $15
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 $2,500 $8,800 $9,650 $2,700
TOTAL ESTIMATED REVENUE $2,500 $8,946 $9,838 $2,715
INTERFUND TRANSFERS IN $0 $0 $0 $0
ESTIMATED FUNDS AVAILABLE $2,500 $8,946 $9,838 $2,715
ACTUAL FUND BALANCE
7/1/10 $4,422 $14,103 $18,146 $1,302
TOTAL FUNDS AVAILABLE $6,922 $23,049 $27,984 $4,017
APPROPRIATIONS
Operating Budget $1,500 $5,600 $6,000 $1,650
Capital Outlay $0 $0 $0 $0
Capital Improvements $0 $0 $0 $0
TOTAL APPROPRIATIONS $1,500 $5,600 $6,000 $1,650
INTERFUND TRANSFERS OUT $1,142 $3,309 $3,783 $1,155
TOTAL APPROPRIATIONS/TRANSFERS OUT $2,642 $8,909 $9,783 $2,805
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/11 $4,280 $14,140 $18,201 $1,212
Available Fund Balance 6/30/11 $4,280 $14,140 $18,201 $1,212
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
15
CITY OF HERMOSA BEACH BUDGET SUMMARY
MIDYEAR 2010-11
COMMUNITY
DEVELOPMENT PROPOSITION PROPOSITION
BLOCK GRANT A C MEASURE R
FUND FUND FUND FUND
140 145 146 147
ESTIMATED REVENUE
Taxes $0 $262,698 $217,901 $163,426
Licenses/Permits $0 $0 $0 $0
Fines/Forfeitures $0 $0 $0 $0
Use of Money/Property $0 $3,959 $9,474 $3,727
Intergovernmental/State $0 $0 $0 $0
Intergovernmental/County $0 $0 $0 $0
Intergovernmental/Federal $9,149 $0 $0 $0
Current Service Charges $0 $5,800 $0 $0
Other Revenue $0 $0 $0 $0
TOTAL ESTIMATED REVENUE $9,149 $272,457 $227,375 $167,153
INTERFUND TRANSFERS IN $0 $0 $0 $0
ESTIMATED FUNDS AVAILABLE $9,149 $272,457 $227,375 $167,153
ACTUAL FUND BALANCE
7/1/10 $11 $994,075 $1,369,259 $105,235
TOTAL FUNDS AVAILABLE $9,160 $1,266,532 $1,596,634 $272,388
APPROPRIATIONS
Operating Budget $9,149 $963,000 $40,000 $0
Capital Outlay $0 $0 $0 $0
Capital Improvements $0 $256,648 $1,465,542 $119,420
TOTAL APPROPRIATIONS $9,149 $1,219,648 $1,505,542 $119,420
INTERFUND TRANSFERS OUT $0 $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $9,149 $1,219,648 $1,505,542 $119,420
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/11 $11 $46,884 $91,092 $152,968
Available Fund Balance 6/30/11 $11 $46,884 $91,092 $152,968
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
16
CITY OF HERMOSA BEACH BUDGET SUMMARY
MIDYEAR 2010-11
SUPPLEMENTAL
AIR QUALITY LAW ENFORCEMENT
GRANTS IMPROVEMENT SERVICES
FUND FUND FUND
150 152 153
ESTIMATED REVENUE
Taxes $0 $0 $100,000
Licenses/Permits $0 $0 $0
Fines/Forfeitures $0 $0 $0
Use of Money/Property $0 $601 $2,517
Intergovernmental/State $41,304 $23,000 $0
Intergovernmental/County $0 $0 $0
Intergovernmental/Federal $1,249,467 $0 $0
Current Service Charges $0 $0 $0
Other Revenue $0 $0 $0
TOTAL ESTIMATED REVENUE $1,290,771 $23,601 $102,517
INTERFUND TRANSFERS IN $0 $0 $0
ESTIMATED FUNDS AVAILABLE $1,290,771 $23,601 $102,517
ACTUAL FUND BALANCE
7/1/10 $24,786 $64,605 $297,436
TOTAL FUNDS AVAILABLE $1,315,557 $88,206 $399,953
APPROPRIATIONS
Operating Budget $47,404 $3,600 $90,708
Capital Outlay $6,882 $0 $63,353
Capital Improvements $1,245,865 $0 $0
TOTAL APPROPRIATIONS $1,300,151 $3,600 $154,061
INTERFUND TRANSFERS OUT $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $1,300,151 $3,600 $154,061
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/11 $15,406 $84,606 $245,892
Available Fund Balance 6/30/11 $15,406 $84,606 $245,892
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
17
CITY OF HERMOSA BEACH BUDGET SUMMARY
MIDYEAR 2010-11
ASSET SEIZURE/FIRE
SEWER FORFEITURE PROTECTION
FUND FUND FUND
160 170 180
ESTIMATED REVENUE
Taxes $0 $0 $0
Licenses/Permits $0 $0 $0
Fines/Forfeitures $0 $19,300 $0
Use of Money/Property $3,852 $1,638 $47
Intergovernmental/State $5,433 $0 $0
Intergovernmental/County $25,000 $0 $0
Intergovernmental/Federal $0 $0 $0
Current Service Charges $17,500 $0 $0
Other Revenue $0 $0 $42,500
TOTAL ESTIMATED REVENUE $51,785 $20,938 $42,547
INTERFUND TRANSFERS IN $700,000 $0 $0
ESTIMATED FUNDS AVAILABLE $751,785 $20,938 $42,547
ACTUAL FUND BALANCE
7/1/10 $328,737 $189,018 $8,067
TOTAL FUNDS AVAILABLE $1,080,522 $209,956 $50,614
APPROPRIATIONS
Operating Budget $501,420 $8,568 $7,500
Capital Outlay $0 $30,000 $0
Capital Improvements $265,814 $0 $0
TOTAL APPROPRIATIONS $767,234 $38,568 $7,500
INTERFUND TRANSFERS OUT $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $767,234 $38,568 $7,500
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/11 $313,288 $171,388 (c)$43,114
(c) Designated Dept of Justice Funds
$66,963
(c) Designated Dept of Treasury Funds
$1,915
Available Fund Balance 6/30/11 $313,288 $102,510 $43,114
Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
18
CITY OF HERMOSA BEACH BUDGET SUMMARY
MIDYEAR 2010-11
RETIREMENT CAPITAL
STABILIZATION CONTINGENCY IMPROVEMENT
FUND FUND FUND
198 199 301
ESTIMATED REVENUE
Taxes $0 $0 $0
Licenses/Permits $0 $0 $0
Fines/Forfeitures $0 $0 $0
Use of Money/Property $6,624 $30,027 $49,326
Intergovernmental/State $0 $0 $0
Intergovernmental/County $0 $0 $0
Intergovernmental/Federal $0 $0 $0
Current Service Charges $0 $0 $0
Other Revenue $0 $0 $141,914
TOTAL ESTIMATED REVENUE $6,624 $30,027 $191,240
INTERFUND TRANSFERS IN $0 $281,715 $175,000
ESTIMATED FUNDS AVAILABLE $6,624 $311,742 $366,240
ACTUAL FUND BALANCE
7/1/10 $753,149 $3,651,115 $290,025
TOTAL FUNDS AVAILABLE $759,773 $3,962,857 $656,265
APPROPRIATIONS
Operating Budget $0 $0 $218,228
Capital Outlay $0 $0 $0
Capital Improvements $0 $0 $354,682
TOTAL APPROPRIATIONS $0 $0 $572,910
INTERFUND TRANSFERS OUT $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $0 $0 $572,910
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/11 $759,773 $3,962,857 $83,355
Storage Lot Loan (reduced by lease revenue)($171,085)
Available Fund Balance 6/30/11 $759,773 $3,791,772 $83,355
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
19
CITY OF HERMOSA BEACH BUDGET SUMMARY
MIDYEAR 2010-11
BAYVIEW DRIVE
ASSESSMENT LOWER PIER
ARTESIA BLVD DISTRICT DISTRICT
RELINQUISHMENT REDEMPTION REDEMPTION
FUND FUND FUND
302 609 610
ESTIMATED REVENUE
Taxes $0 $0 $0
Licenses/Permits $0 $0 $0
Fines/Forfeitures $0 $0 $0
Use of Money/Property $148 $1,087 $242
Intergovernmental/State $0 $0 $0
Intergovernmental/County $0 $0 $0
Intergovernmental/Federal $0 $0 $0
Current Service Charges $0 $0 $0
Other Revenue $0 $0 $0
TOTAL ESTIMATED REVENUE $148 $1,087 $242
INTERFUND TRANSFERS IN $0 $0 $0
ESTIMATED FUNDS AVAILABLE $148 $1,087 $242
ACTUAL FUND BALANCE
7/1/10 $10,152 $153,199 $10,558
TOTAL FUNDS AVAILABLE $10,300 $154,286 $10,800
APPROPRIATIONS
Operating Budget $4,000 $0 $0
Capital Outlay $0 $0 $0
Capital Improvements $0 $0 $0
TOTAL APPROPRIATIONS $4,000 $0 $0
INTERFUND TRANSFERS OUT $0 $0 $0
TOTAL APPROPRIATIONS/TRANSFERS OUT $4,000 $0 $0
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1
ESTIMATED FUND BALANCE 6/30/11 $6,300 $154,286 $10,800
Available Fund Balance 6/30/11 $6,300 $154,286 $10,800
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
20
CITY OF HERMOSA BEACH BUDGET SUMMARY
MIDYEAR 2010-11
BEACH DRIVE BEACH DRIVE
ASSESSMENT ASSESSMENT MYRTLE LOMA
DISTRICT DISTRICT AVENUE DRIVE
REDEMPTION RESERVE ASSESSMENT ASSESSMENT
FUND FUND FUND FUND
611 612 617 618
ESTIMATED REVENUE
Taxes $0 $0 $0 $0
Licenses/Permits $0 $0 $0 $0
Fines/Forfeitures $0 $0 $0 $0
Use of Money/Property $507 $40 $569 $626
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 $507 $40 $569 $626
INTERFUND TRANSFERS IN $0 $0 $0 $0
ESTIMATED FUNDS AVAILABLE $507 $40 $569 $626
ACTUAL FUND BALANCE
7/1/10 $74,002 $935 $36,650 $101,775
TOTAL FUNDS AVAILABLE $74,509 $975 $37,219 $102,401
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 1
ESTIMATED FUND BALANCE 6/30/11 $74,509 $975 $37,219 $102,401
Available Fund Balance 6/30/11 $74,509 $975 $37,219 $102,401
1 Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
21
CITY OF HERMOSA BEACH BUDGET SUMMARY
MIDYEAR 2010-11
BAYVIEW
DRIVE EQUIPMENT
RESERVE INSURANCE REPLACEMENT TOTAL
FUND FUND FUND (MEMORANDUM
619 705 715 ONLY)
ESTIMATED REVENUE
Taxes $0 $0 $0 $20,718,164
Licenses/Permits $0 $0 $0 $575,867
Fines/Forfeitures $0 $0 $0 $2,137,427
Use of Money/Property $130 $544,000 $0 $1,579,983
Intergovernmental/State $0 $0 $0 $754,078
Intergovernmental/County $0 $0 $0 $295,557
Intergovernmental/Federal $0 $0 $0 $1,258,616
Current Service Charges $0 $2,312,266 $1,593,046 $8,838,268
Other Revenue $0 $104,350 $13,466 $648,238
TOTAL ESTIMATED REVENUE $130 $2,960,616 $1,606,512 $36,806,198
INTERFUND TRANSFERS IN $0 $1,079,301 $0 $3,278,481
ESTIMATED FUNDS AVAILABLE $130 $4,039,917 $1,606,512 $40,084,679
ACTUAL FUND BALANCE
7/1/10 $2,923 $2,248,455 $5,687,163 $27,893,936
TOTAL FUNDS AVAILABLE $3,053 $6,288,372 $7,293,675 $67,978,615
APPROPRIATIONS
Operating Budget $0 $2,902,089 $1,594,903 $33,014,086
Capital Outlay $0 $0 $580,030 $693,565
Capital Improvements $0 $0 $1,014,156 $6,734,159
TOTAL APPROPRIATIONS $0 $2,902,089 $3,189,089 $40,441,810
INTERFUND TRANSFERS OUT $0 $0 $0 $3,278,481
TOTAL APPROPRIATIONS/TRANSFERS OUT $0 $2,902,089 $3,189,089 $43,720,291
ADJUST FUND BALANCE FOR
FIXED ASSET ADDITIONS 1 $904,064 $904,064
ESTIMATED FUND BALANCE 6/30/11 $3,053 $3,386,283 $5,008,650 (d)$25,162,388
(d) Investment In
Fixed Assets
$3,103,802
(d) Designate Building Charges
$101,555
Storage Lot Loan (reduced by lease revenue)($424,084)($424,086)
Available Fund Balance 6/30/11 $3,053 $2,962,199 $1,379,207 $11,538,751
1Reflects increase to fund balance for fixed asset purchases
in Enterprise/Internal Service Funds.
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
INTERFUND TRANSFERS
2010-11 Midyear
TRANSFERS IN TRANSFERS OUT
GENERAL FUND
From Lighting/Landscaping Fund, Administration $11,002
From Downtown Enhancement Fund, Administration $4,365
$54,512
$141,008
$68,522
From Downtown Enhancement Fund, Lot A Net Income Increase $156,939
From Downtown Enhancement Fund, Lot A Rate Increase Income $34,635
From Downtown Enhancement Fund, Increase for elimination of Holiday Flags $1,700
From State Gas Tax Fund, Street Maintenance, Traffic Safety Operations $308,137
From Prop A Open Space Fund, Parks Maintenance Allocation $20,557
From Lower Pier Admin Exp Fund, Agency Administration $1,142
From Myrtle Dist Admin Exp Fund, Agency Administration $3,309
From Loma Dist Admin Exp Fund, Agency Administration $3,783
From Beach Drive Assessment Dist Admin Exp Fund, Agency Administration $1,155
From Bayview Drive Admin Exp Fund, Agency Administration $2,718
To Sewer Fund, Improvements $700,000
To Lighting/Landscaping Fund, to cover deficit $68,354
To Insurance Fund, Unexpended Balance $85,215
To Compensated Absences Fund, Unexpended Balance to meet 25% Goal $160,627
To Contingency Fund, Unexpended Balance to meet 15% Goal $281,715
To Insurance Fund, Unexpended Balance toward $3,000,000 Goal $994,086
FUND TOTALS $813,484 $2,289,997
LIGHTING/LANDSCAPING FUND
From General Fund, to cover deficit $68,354
To General Fund, Administration $11,002
FUND TOTALS $68,354 $11,002
DOWNTOWN ENHANCEMENT FUND
To General Fund, Administration $4,365
To General Fund, Funds Available For Elimination of Special Events $54,512
To General Fund, Parking Structure Net Income Increase Share $141,008
To General Fund, Parking Structure Net Income Increase from Rate Increase $68,522
To General Fund, Lot A Net Income Increase $156,939
To General Fund, Lot A Net Income Increase from Rate Increase $34,635
To General Fund, Increase for elimination of Holiday Flags $1,700
FUND TOTALS $0 $461,681
STATE GAS TAX FUND
To General Fund, Street Maintenance, Traffic Safety Operations $308,137
FUND TOTALS $0 $308,137
COMPENSATED ABSENCES FUND
From General Fund, Unexpended Balance to meet 25% Goal $160,627
FUND TOTALS $160,627 $0
From Downtown Enhancement Fund, Parking Structure Net Income Share Increase
From Downtown Enhancement Fund, Parking Structure Net Income from Rate
Increase
From Downtown Enhancement Fund, Funds Available From The Elimination of
Special Events
67
INTERFUND TRANSFERS
2010-11 Midyear
TRANSFERS IN TRANSFERS OUT
PROP A OPEN SPACE FUND
To General Fund, Parks Maintenance Allocation $20,557
FUND TOTALS $0 $20,557
TYCO FUND
To Capital Improvement Fund, Street Improvements $175,000
$0 $175,000
BAYVIEW DRIVE DISTRICT ADMIN EXPENSE FUND
To General Fund, Agency Administration $2,718
FUND TOTALS $0 $2,718
LOWER PIER ADMIN EXPENSE FUND
To General Fund, Agency Administration $1,142
FUND TOTALS $0 $1,142
MYRTLE DISTRICT ADMIN EXPENSE FUND
To General Fund, Agency Administration $3,309
FUND TOTALS $0 $3,309
LOMA DISTRICT ADMIN EXPENSE FUND
To General Fund, Agency Administration $3,783
FUND TOTALS $0 $3,783
BEACH DRIVE ASSESSMENT DISTRICT ADMINISTRATIVE EXPENSE FUND
To General Fund, Agency Administration $1,155
FUND TOTALS $0 $1,155
SEWER FUND
From General Fund, Improvements $700,000 $0
FUND TOTALS $700,000 $0
CONTINGENCY FUND
From General Fund, Unexpended Balance to meet 15% Goal $281,715
FUND TOTALS $281,715 $0
68
INTERFUND TRANSFERS
2010-11 Midyear
TRANSFERS IN TRANSFERS OUT
CAPITAL IMPROVEMENT FUND
From Tyco Fund, Street Improvements $175,000
FUND TOTALS $175,000 $0
INSURANCE FUND
From General Fund, Unexpended Balance $85,215
From General Fund, Unexpended Balance toward $3,000,000 Goal $994,086
$1,079,301 $0
GRAND TOTALS $3,278,481 $3,278,481
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70
71
72