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Home My WebLink AboutCC Resolution 13747 (Amend City-Wide Budget)RESOLUTION NO. 13747 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL ADOPTING AMENDMENTS TO THE CITY-WIDE BUDGET FOR FISCAL YEAR 2013-2014 WHEREAS, the City Council approved Resolution 13554 adopting the fiscal year 2013- 2014 budget, and Resolution 13673 amending said budget; and WHEREAS, the City Council reviews periodic reports and recommendations from staff regarding the City's financial condition, including updated revenue projections, newly available resources over which the City Council has discretion, and emerging operational issues that require a change in budget authority; and WHEREAS, staff has submitted a report and made recommendations regarding changes to the operating budget for fiscal year 2013-2014, including additional general fund allocations of $300,000 for OPEB (retiree medical) funding, $417,000 in funding for building maintenance and the acceptance and transfer of $569,442 in PG&E loans to the respective project funds for which they were intended; and other fund allocations of $534,664, $325,000 of which is allocated to technology upgrades and $120,000 to support increased recreation program activity in the Community Services fund; and WHEREAS, staff will undertake a review of all unrestricted reserve balances as of June 30, 2014 for the purpose of determining whether any portion of those balances can be reallocated to the General Fund Emergency Reserve without compromising the purpose served by those reserves; and WHEREAS, the City Council has expressed an interest in increasing the General Fund Emergency Reserve balances to the extent reasonably possible; and WHEREAS, there are sufficient resources in the general fund and other designated funds to support the recommendations presented; and WHEREAS, after examination, deliberation and due consideration, the City Council has accepted the staff report and recommendations. NOW, THEREFORE, BE IT RESOLVED, by the San Rafael City Council that Resolution 13554 for fiscal year 2013-2014 is further amended to authorize an increase in total general fund revenues and other financing sources to $63,960,243, with transfers in unchanged at $1,241,424; an increase in general fund expenditure authorization to $59,947,134 and increased transfers out to $2,498.336. Further, the Resolution is amended for other fund revenues to $43,968,445 and transfers in to $2,563,336, expenditures to $55,073,725 and transfers out is unchanged at $1,306,424. These changes as presented on Exhibit I result in net City-wide appropriations of $104,187,268. NOW. THEREFORE, BE IT FURTHER RESOLVED, by the San Rafael City Council that the City Manager has the authority to transfer or reduce unrestricted reserves held in unrestricted funds for the benefit of the General Fund Emergency Reserve, provided that such action does not compromise the purpose fulfilled by the reserve(s) from which funds are transferred or reduced. The City Council hereby authorizes any changes to previously authorized appropriations required to implement these adjustments to unrestricted reserves. The City Manager will report to the City Council the result of any actions taken under this authority. I, ESTHER C. BEIRNE, Clerk of the City of San Rafael, hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a regular meeting of the Council of said City on Monday, the 16th of June 2014, by the following vote, to wit: AYES: COUNCILMEMBERS NOES: COUNCILMEMBERS ABSENT: COUNCILMEMBERS: Bushey, Colin, McCullough & Mayor Phillips None Connolly ESTHER C. BEIRNE, City Clerk W:+.'.hinaiice- WorkPile'CouncitMated al"ResoiLit ions,2014\Cit}\Amend Cit, budget 13-14.doc-V2 Budget Summary - Fiscal Year 2013-2014 EXHIBIT I Total Operating Capital Revenues Transfers In Sources Expenditures Expenditures Transfers Out Total Uses Adooted Budget General Fund 60,253,618 1,241,424 61,495,042 59,367,864 158,560 1,925,000 61,451,424 Special Revenue & Grant Funds 25,514,201 1,865,000 27,379,201 19,661,430 7,251,217 571,873 27,484,520 Debt Service Funds 125,310 - 125,310 147,209 - - 147,209 Capital Project Funds 1,296,770 1,296,770 3,900 1,559,013 - 1,562,913 Enterprise (Parking) 3,672,700 3,672,700 3,930,309 443,150 458,031 4,831,490 Internal Service Funds 8,793,820 125,000 8,918,820 8,675,256 837,675 276,520 9,789,451 Capital Replacement Funds 2,167,028 2,167,028 2,813,734 - 2,813,734 Trust& Agency Funds 22,710 - 22,710 22,520 28,500 - 51,020 Combined Fund Totals 101,846,157 3,231,424 105,077,581 94,622,222 10,278,115 3,231,424 108,131,761 Less Interfund Transfers (3,231,424) (3,231,424) (3,231,424) (3,231,424) Less Internal Service Charges (9,822,554) (9,822,554) (9,822,554) (9,822,554) Net Totals FY 2013-2014 $ 92,023,603 $ $ 92,023,603 $ 84,799,668 $ 10,278,115 $ $ 95,077,783 Adiustment to Budoet General Fund 2,670,000 - 2,670,000 (182,679) (113,611) 3,894 (292,396) Special Revenue & Grant Funds 1,096,020 3,894 1,099,914 3,864,026 1,639,849 - 5,503,875 Debt Service Funds (125,020) - (125,020) (147,209) - (147,209) Capital Project Funds 200,000 200,000 150 51,984 52,134 Enterprise (Parking) 300,000 300,000 952,036 149,800 1,101,836 Internal Service Funds 1,107,948 1,107,948 2,004,995 755,000 2,759,995 Capital Replacement Funds (96,912) (96,912) 1,066,132 - 1,066,132 Trust & Agency Funds - - - 5,352 - 5,352 Combined Fund Totals 5,152,036 3,894 5,155,930 7,557,451 2,488,374 3,894 10,049,719 Less Interfund Transfers (3,894) (3,894) (3,894) (3,894) Less Internal Service Charges (1,011,037) (1,011,037) (1,011,037) (1,011,037) Adj. Budget Net Totals FY 2013-2014 $ 96,164,602 $ - $ 96,164,602 $ 91,346,082 $ 12,766,489 $ - $ 104,112,571 Projected Actual General Fund 63,960,243 1,241,424 65,201,667 59,902,205 44,929 2,498,336 62,445,470 Special Revenue & Grant Funds 26,610,221 1,868,894 28,479,115 23,645,455 8,891,066 571,873 33,108,394 Debt Service Funds 290 290 - - - - Capital Project Funds 1,496,770 561,328 2,058,098 4,050 1,610,997 - 1,615,047 Enterprise (Parking) 3,972,700 8,114 3,980,814 4,882,345 592,950 458,031 5,933,326 Internal Service Funds 9,795,638 125,000 9,920,638 10,317,948 1,592,675 276,520 12,187,143 Capital Replacement Funds 2,070,116 2,070,116 3,479,866 - - 3,479,866 Trust& Agency Funds 22,710 22,710 22,520 33,853 - 56,373 Combined Fund Totals 107,928,688 3,804,760 111,733,448 102,254,389 12,766,470 3,804,760 118,825,619 Less Interfund Transfers (3,804,760) (3,804,760) (3,804,760) (3,804,760) Less Internal Service Charges (10,833,591) (10,833,591) (10,833,591) (10,833,591) Projected Net Totals FY 2013-2014 $ 97,095,097 $ $ 97,095,097 $ 91,420,798 $ 12,766,470 $ $ 104,187,268 ! ` E Total General Fund Recap Revenues Transfers in ; Sources ; Expenditures Transfers out ; Uses j (GF as adopted 60,253 618 1,241 A24 I 61,495,042 { j 59.526,424 1,52 ,0�0 ! 61 A51,424 IGF adjusted 62,923,618 1,241.424 i 64,165 042 4 59,230,134 1,928,834 i 6, -9- .3 :�Fpro;ectedyear-end 63,960,243 } 1,241.424 ! 65.2.1,6671 i 59,947,:34 j 2,498.3361 82,445,47' !Other Funds Revenues Transfers in Sources i Total Expenditures Transfers out Uses I )Other Funds as adopted 41,592.539 1,990,0+30 43 582,539 i } { 45,373.913 1,300.424 46 680,337 i 11-1ther Funds adjusted 44,074,575 ;,993,894 46,0,68,469 J 55,716,028 1,306,424 I 57,022,452 j )Other Funds projected Year-end --s 43,966,445 , 2,563.336 46,531,78; I ; 55,073.725 1 30G,424 56,384. ;49