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HomeMy WebLinkAboutD-4 Staff Report - FY 2015-16 Mid-Year Budget ReviewSCHEDULED ITEM D-4 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: SUSAN PARAGAS, DIRECTOR OF FINANCE VIA: TROY L. BUTZLAFF, ICMA-CM, CITY MANAGER DATE: FEBRUARY 22, 2016 SUBJECT: FISCAL YEAR 2015-16 GENERAL FUND MID -YEAR BUDGET REVIEW AND ADJUSTMENTS SUMMARY: This report provides the City Council a Mid-Year budget and financial update for the General Fund Fiscal Year 2015-16 adopted budget in preparation for the upcoming budget process. The report also makes recommendations for budget amendments, both to estimated revenues and expenditures, which would result in a decrease of $5,775 to the adopted budget surplus of $250,815 to a revised surplus of $245,040. RECOMMENDATION: Staff recommends that the City Council take the following action: 1) Adopt Resolution No. 2016-C19 approving the listed proposed budget amendments. DISCUSSION: The presentation of the mid-year review is to identify and explain fiscal impacts to the Council and to seek direction with respect to both the remainder of the current fiscal year and the preparation of the budget for the upcoming year. The FY 2015-16 General Fund Budget was adopted on June 15, 2015 with an operating surplus of $250,815. Since this time, however, events have occurred which impacted the adopted surplus. Budget amendments approved by Council were processed for a total of $270,000 and APPROVED CITY COUNCIL 2/22/2016, Special Meeting Mid-Year Review and Adjustments February 22, 2016 Page 2 reducing the surplus to $5,815. Here is the breakdown: Purpose Amount Engineering Consultants $ 75,000 Art Work-Parking Structure $ 50,000 Attorney Fees-Code Enforcement $120,000 TOTAL BUDGET AMENDMENTS: $245,000 The $50,000 for the parking structure art work is being funded through monies already received and reserved in FY 2013-14. The $120,000 for additional attorney fees will be recovered from the party involved in the litigation. Most of the General Fund revenues (“Revenues”) and expenditures (“Expenditures”) are on track to achieve its budget. However, there are some Revenues and Expenditures budgets that will need to be adjusted. FY 2015-16 Revenues Building and Planning Fees Due to the slowdown in housing construction primarily related to the downturn in certain foreign economy, it is requested that the total revenue budget for the following line items be decreased: Permits-Building ($ 240,000) Permits-Electric ($ 27,000) Permits-Plumbing ($ 22,000) Total Proposed Revenue Budget Reductions- Building and Planning Fees ($289,000) Other Taxes Sales tax revenues are estimated to increase due to a true up from the State of California’s end to Triple Flip. Business License taxes have risen as a result of the increased enforcement of the business license requirement for companies doing business in Azusa. Sales Tax (Property Tax In-Lieu) $200,000 Business License Taxes $125,000 Total Proposed Revenue Budget Increase - Other Taxes $325,000 Various Revenues Based on the analysis of mid-year revenues collected, the following revenues are proposed to be adjusted. A primary reason for the decrease in Utility related revenues such as the Franchise Fees In-Lieu and Utility User Tax is the effect of the water conservation program enforced by the City and customer compliance. Mid-Year Review and Adjustments February 22, 2016 Page 3 Alarm Registration-PD $ 25,000 Animal Licenses $ 50,000 Court Fines ($ 10,000) Plan Check $ 36,000 Penalties-Business License ($ 50,000) Penalties-Utilities (Citywide) $ 90,000 Franchise Fees In-Lieu (Utilities) ($100,000) Utility User Tax ($250,000) Total Proposed Revenue Budget Reduction - Various Revenues ($209,000) One-Time Revenues The General Fund received one-time reimbursements from the State regarding state-mandated processes. The City is also expected to prevail in a litigation matter where the attorney fees are recoverable. The City prevailed from a settlement with Los Angeles County where the City recovered excess property tax administration fees charged over a three-year period. The City is no longer providing payroll services for Area D, thus, the reimbursement is reduced. The reduction in expense for Area D will be reflected in the Expenditure section of this report. SB90 Reimbursements $100,000 Attorney Fee Reimbursement $120,000 Court Reimbursement $ 35,000 MTA Contribution $ 20,000 Settlement-Property Tax Admin Fees(LA County) $275,625 Area D Reimbursement ($ 73,150) Total Proposed Revenue Budget Increase - One-Time Reimbursements $477,475 The total requested amendment to the revised budgeted revenues is an increase of $304,475. FY 2015-16 Expenditures Salaries and Benefits There are several positions funded by the General Fund that resulted in a net salary savings. The following positions produced salary savings due to months of being vacant, but, only two of the four positions are currently filled. An amendment is also required to reflect the cost of the Council approved contracts for three of the seven employee bargaining groups. Vacation payouts from accrued leave banks have also increased as a result of unanticipated employee separations from the City. To address this increasing payout matter, the City Manager has initiated a special pay plan to help reduce the leave bank liability for the City. This will be referenced under the One-Time Expenditures section of this report. Salary Savings-Business License ($ 48,000) Salary Savings-City Clerk’s Office ($ 47,500) Mid-Year Review and Adjustments February 22, 2016 Page 4 Salary Savings-PD IT ($ 40,000) Salary Savings-Planning ($ 60,000) Contract Negotiations $ 54,600 Vacation Payouts $175,800 Total Proposed Exp Budget Increase - Salaries and Benefits $ 34,900 Various Expenditures Based on the analysis of mid-year expenditures, the following budget revisions are recommended. Here are some of the reasons for the major budget revisions: Due to the low gas prices, Fuel and Oil total expenses are estimated to be lower for various departments; The Humane Services budget is being adjusted to reflect an increase in cost; however, the contract for jailer services are projected to be lower. Fuel and Oil ($ 75,000) Humane Services $ 70,000 Lease Payments-Copier (Finance) $ 3,000 Outside Services-PD Contracts ($ 50,000) Parking Enforcement ($ 15,000) POST Training ($ 25,000) Postage-City Clerk ($ 15,000) Professional Services-HR $ 24,000) Tuition Reimbursement-PD ($ 10,000) Total Proposed Exp Budget Decrease - Various Expenditures ($ 93,000) One-Time Expenditures The City’s General Fund has the following one-time expenditures. The increase in HR’s Professional Services budget was a result of a one-time implementation fee for the Affordable Care Act reporting requirements and programs for staff development. As previously noted, Area D is no longer utilizing payroll services from the City; therefore, a reduction in expenditures is requested. As discussed earlier, the City Manager has initiated a special pay plan to help reduce the City’s accrued leave bank liability and will help the City lower costs in the long run. The first group to implement this plan is the Executive group and has necessitated a budget amendment. Professional Services-HR $ 21,300 Salary Savings-Area D ($ 73,150) Special Pay Plan $175,200 Total Proposed Exp Budget Increase - Various Expenditures $123,350 Mid-Year Review and Adjustments February 22, 2016 Page 5 The total requested amendment to the Expenditures is an increase of $65,250. Based upon the direction received from Council at the review, Staff will prepare necessary actions to implement any changes. FISCAL IMPACT: The recommended FY 2015-16 mid-year actions result in a projected increase of $239,225 to the General Fund’s revised budget surplus projection of $5,815 and are summarized by a revenue budget increase of $304,475 and an increase in appropriations/expenditures of $65,250. Therefore, the requested mid-year budget adjustments result in a projected surplus of $245,040 to the FY 2015-16 General Fund budget, which is $5,775 lower than the adopted budget. Prepared by: Reviewed and Approved: Susan Paragas Louie F. Lacasella Director of Finance Management Analyst Reviewed and Approved: Troy L. Butzlaff, ICMA-CM City Manager Attachments: 1) Resolution No. 2016-C19 ATTACHMENT 1 RESOLUTION NO. 2016-C19 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA APPROVING AND ADOPTING THE MID-YEAR BUDGET ADJUSTMENTS FOR THE CITY OF AZUSA WHEREAS, on June 15, 2015, the City Council of the City of Azusa adopted the General Fund FY 2015-16 Operating and Capital Budget; and WHEREAS, on February 22, 2016, City Council met and reviewed the mid-year financial status of the General Fund and considered staff’s recommendation on the budget amendments. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Azusa does hereby approve and adopt the following FY 2015-16 General Fund Budget adjustments: SECTION 1. Revenues Alarm Registration-PD $ 25,000 Animal Licenses-PD $ 50,000 Court Fines-PD ($ 10,000) Court Reimb.-Comm. Improv.* $ 35,000 Franchise Fees/In-Lieu ($100,000) Penalties-Business License Penalties-Utilities ($ 50,000) $ 90,000 Permits-Building ($240,000) Permits-Electric ($ 27,000) Permits-Plumbing ($ 22,000) Plan Check $ 36,000 Sales Tax (Prop. Tax In-Lieu VLF) Reimbursement-Area D* Reimbursement-Attorney Fees* Contribution-MTA* Settlement-Prop. Tax Adm. Fees* State Mandate 90 Reimbursements* Taxes-Business License $200,000 ($ 73,150) $120,000 $ 20,000 $275,625 $100,000 $125,000 Taxes-Utility User Tax ($250,000) Total Revenue Adjustments $304,475 *One-Time Page 2 Appropriation/Expenditures Contract Negotiations $ 54,600 Fuel and Oil ($ 75,000) Humane Services $ 70,000 Lease Payments-Finance $ 3,000 Outside Services-PD Contracts ($ 50,000) Parking Enforcement ($ 15,000) POST Training ($ 25,000) Postage-City Clerk ($ 15,000) Professional Services-HR $ 24,000 Professional Services-HR* $ 21,300 Salary Savings-Business License ($ 48,000) Salary Savings-City Clerk ($ 47,500) Salary Savings-PD IT ($ 40,000) Salary Savings-Planning ($ 60,000) Salary-Area D* ($ 73,150) Special Pay Plan* $ 175,200 Tuition Reimb.-PD ($ 10,000) Vacation Pay-Out $ 175,800 Total Expenditure Adjustments *One-Time $ 65,250 SECTION 2. The City Clerk shall certify as to the adoption of this resolution. PASSED, APPROVED and ADOPTED this 22nd day of February, 2016. _____________________________ Joseph Romero Rocha Mayor ATTEST: _____________________________ Jeffrey Lawrence Cornejo, Jr. City Clerk Page 3 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF AZUSA ) I HEREBY CERTIFY that the foregoing Resolution No. 2016-C19 was duly adopted by the City Council of the City of Azusa at a meeting thereof, held on the 22nd day of February, 2016, by the following vote of the Council: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCILMEMBERS: _______________________________ Jeffrey Lawrence Cornejo, Jr. City Clerk APPROVED AS TO FORM: _______________________________ Best Best & Krieger, LLP City Attorney