HomeMy WebLinkAboutAgenda Packet - June 01, 2011 - CC SpecialNOTICE AND CALL OF A SPECIAL MEETING
OF THE CITY COUNCIL, REDEVELOPMENT AGENCY,
AND THE AZUSA PUBLIC FINANCING AUTHORITY
OF THE CITY OF AZUSA
TO THE MEMBERS OF THE CITY COUNCIL, REDEVELOPMENT AGENCY AND AZUSA PUBLIC
FINANCING AUTHORITY OF THE CITY OF AZUSA:
NOTICE IS HEREBY GIVEN that a Special Meeting of the City Council, Redevelopment Agency and Azusa
Public Financing Authority of the City of Azusa is hereby called to be held June 1, 2011, 6:30 p.m. at the Azusa
Light and Water Conference Room located at 729 N. Azusa Avenue, Azusa, California.
Said Special Meeting shall be for the purpose of discussing, hearing and taking action on the items listed below:
AGENDA
AZUSA LIGHT AND WATER
729 NORTH AZUSA AVENUE
WEDNESDAY, JUNE 1, 2011
6:30 P.M.
A. PRELIMINARY BUSINESS
• Call to Order
• Roll Call
B. PUBLIC PARTICIPATION - Limited to items listed on this Special Meeting Notice.
C. AGENDA ITEM
FISCAL YEAR 20011/12 CITY, AZUSA PUBLIC FINANCING AUTHORITY, AND REDEVELOPMENT
AGENCY PRELIMINARY BUDGET REVIEW. RECOMMENDED ACTION: City Council and respective
Boards consider the materials and information provided at this Budget Workshop and provide direction to staff with
respect to any desired changes to the City's. Redevelopment Agency' and the Azusa Public Financing Authority's
Operating and Capital Budgets as proposed for Fiscal Year 2011/12.
D. ADJOURNMENT
1. Adjourn
"Lt compliance with the Americans with Disahilities Act, if you need special assistance to participate in a city meeting,
please contact lite CioJ Clerk at 626-811-5219.
TO: HONORABLE MAYOR/CHAIRMAN AND CITY COUNCILBOARD
MEMBERS
FROM: F. M. DELACH, CITY MANAGERC
DATE: June 1, 2011
SUBJECT: FISCAL YEAR 2011/12 CITY, AZUSA PUBLIC FINANCING AUTHORITY.
AND REDEVELOPMENT AGENCY PRELIMINARY BUDGET REVIEW
RECOMMENDATION
It is recommended that the City Council and respective Boards consider the materials and
information provided at this Budget Workshop and provide direction to staff with respect to any
desired changes to the City's, Redevelopment Agency's and the Azusa Public Financing
Authority's Operating and Capital Budgets as proposed for Fiscal Year 2011/12.
FISCAL IMPACT
The Operating Budget of 5141,364,590 and the Capital Budget of 517,465,170, respectively,
(comprising the City General Fund, Special Revenue funds, Debt Service funds, Enterprise
funds, Azusa Redevelopment Agency, and the Public Finance Authority) together with the costs
of such amendments as the Council and respective Boards may request.
FISCAL YEAR 2011-2012
P R %&%A P ON 0' rrmm-- mw% B U D uo'w E i
Budget Background
■ Emphasis on Maintaining Service levels
■ Economy -Impact on Revenues
■ Historic Low Interest Rates
■ CPI 3.3% April 2010 to 2011
■ State Budget Crisis -Take from Cities
"WHAT'S IN"
■ Capital Improvement Program
■ Capital equipment replacement
■ Full Year of Revenue from Target
■ Increased PERS Costs
■ Sale of Property
"WHAT'S NOT IN"
❖ Possible State Budget Takeaways
❖Transfer to Equipment Replacement Fund
for Future Vehicle Replacements
**.*Potential Costs Related to Current
Employee Contract Negotiations
❖Staffing changes
❖ Liability Claims Costs for Major Cases
FUTURE- ISSUES
❖ Continued Implementation of Rosedale Project
❖ Gold Line Extension and Parking Structures
❖ Proposed Development of New Library
❖ Review of Application for Materials Recovery
Facility by Waste Mgmt. Inc.
❖ Negotiations with Five City Employee
Bargaining Units
❖ Status of Redevelopment Agency
OVERVIEW
■ Budget Summary
.-.T_i r�i w w w n
u i otai r r 11-12 Budget
Fund Summary
❑General Funds
❑ Special Revenue Funds
❑Capital Projects Funds
❑ Debt Service Funds
r-1 Enterprise Funds
❑Redevelopment Agency Funds
1158,829,760-
34,8311215
89829,760
34,831,215
24,465,180
1,64%585
75094545
545
67,492,995
23,296,240
11-12 GENERAL FUND
BUDGET SUMMARY
•'• 1.56% Decrease in Budgeted Revenues
•'• 2.95% Increase in Ongoing Expenditures
❖ Operating Expenditures Exceed Operating
Revenues
❖ $1.51VI Sale of Property — Balanced Budget
❖ Reserve Level at June 30, 2012 Projected
at. $7,387,475
General Fund Balances
Estimated Beginning General Fund Balance 07/01/11
FY 11-12
Projected Revenues& Transfers In
Balance Available
Less: Operating Expenses& Transfers out
Preliminary Projected Balance @ 6/30/12
Less Discretionary & One Time Expenses
Capital Equipment
Contribution to Equipment Replacement
Proposed Fund Balance @ 6/30/12
$ 7,185,030
35,033,660
42,218,690
(34,803,005)
7,415,685
28,210
_$ 7,387,475
[■
L EXPENDITURES BY FUNCTION - GENERAL FUND
2011-12 Proposed Budget
Community
F Development
5.7%
Culture &
Public Safety Recreation
60.2% 13.7%
General
Government
17.9%
Highways & Streets
2.6%
EXPENDITURES BY FUNCTION - ALL FUNDS
2011-12 Proposed Budget
Culture & Recreation
Utilities
4.2%
49.6%
General Government
5.1%
Highways & Streets
5.6%
Public Safety
17.1%
Community
Debt Service Development
14.7% 3.6%
EXPENDITURES BY FUNDS - MAJOR FUNDS
2011-12 Proposed Budget
RDA -Debt Sry Fire Safety
APFA-Debt Sery
Water 9.09% 2.91%
/ 2.83%
13.ago/
/
CFD -DS
2.81%
Refuse
2.62%
Prop A
2.20%
RDA -C I P
1.62% Sewer
1.39%
Gas Tax
1.08%
Public Benefit
0.97%
General Fund
Other
24.42%
2.04%
Electric
32.36%
Azusa
Rqu%Aeve11W[JI i is i � h'y� ic•,
N J y
Budget. Presentation
Fiscal Year 2011-2072
Redevelopment
Est. FY 11-12 Beginning Balance
Estimated FY 11-12 Revenues
Estimated FY 11-12 Expenditures
Projected Ending Balance
$ 5249970
23,829,215
(23,296,240)
$ 19057,945
ISSUES
❖ Former Enterprise site
❖ Addressing Low -Mod Housing Issues
❖ Azusa Avenue/ Arrow Highway
Development Agreement
❖ Downtown Redevelopment