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HomeMy WebLinkAboutD-1 Staff Report - Mid-Year Budget Review FY 2020-21SCHEDULED ITEM D-1 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL VIA: SERGIO GONZALEZ, CITY MANAGER FROM: TALIKA M. JOHNSON, DIRECTOR OF ADMINISTRATIVE SERVICES DATE: MARCH 1, 2021 SUBJECT: FISCAL YEAR 2020-21 GENERAL FUND MID-YEAR BUDGET REVIEW AND ADJUSTMENTS BACKGROUND: This report provides the City Council a Mid-Year budget and financial update for the General Fund Fiscal Year 2020/21 adopted budget in preparation for the upcoming budget process. The report also makes recommendations for budget amendments, both to estimated revenues and expenditures for the current budget year. RECOMMENDATIONS: Staff recommends that the City Council take the following actions: 1)Receive, review and file Fiscal Year 2020-21 second quarter budget-to-actual report ending December 31, 2020; and 2) Adopt Resolution No. 2021-C10 approving the listed proposed budget amendments; and 3) Approve addition of 1.0 full-time budgeted position, Emergency Services Coordinator, in the Police Department. ANALYSIS: The Fiscal Year (FY) 2020/21 budget was adopted on June 15, 2020 with a projected General Fund budget deficit of $2.1 million. With carry forward projects from the FY 2019/20 budget year and other adjustments, the projected adjusted budget deficit is $3.7 million. Public safety, general government, internal support services, community resources, such as youth and senior recreational APPROVED CITY COUNCIL 3/1/2021 FY 2020-21 Mid-Year Budget Review March 1, 2021 Page 2 services and library activities, and parks and facilities maintenance services make up the majority of the General Fund budget. Fiscal Year 2020/21 projections were conservative mainly due to uncertainty about how the Coronavirus COVID-19 pandemic would affect the City’s revenues and services. Whereas many organizations curtailed operations, Azusa, has been successful in safely maintain services to the Community, was able to transition to virtual programming where needed, and continue to move forward development projects. Additionally, the pandemic had some unexpected positive impacts on the City’s revenues mainly in sales taxes. Department expenditures are pacing with budget, with a few exceptions. While most of the General Fund revenues (“Revenues”) and expenditures (“Expenditures”) are on track to achieve its budget, there are some Revenues and Expenditures budgets that will need to be adjusted. The following net budget adjustments totaling an increase to projected reserves of $5,942,340 are recommended: Revenues Expenditures Department Description Increase/(Decrease)Increase/(Decrease)Justification for Adjustment Citywide Water Fund Loan (665,446)$ Paid off with POB issuance Citywide Salary Savings (2,500,000) Savings from vacant positions Citywide Property Tax 458,895 Strong housing market, transfer of ownership from higher market prices, and CPI increase. Citywide Sales Tax 970,560 Significant increase of online sale from the County Wide County Pool distribution. Citywide Transaction Use Tax 756,275 Significant increase of online sale from the County Wide County Pool distribution. Citywide Penalties (435,020) Temporary suspension of late fees for pandemic relief Citywide One time Government Allocation-Corona Virus Relief Fund 613,134 State CARES Act funds Capital & Infrastructure Replacement Equipment & Machinery 102,110 Crossing guard was not used for a good part of the year and dept. was able to achieve some savings Public Safety Crossing Guard (110,000) School closures due to pandemic Public Safety Court Fines (30,000) Court activities impacted for shut downs during pandemic Administrative Services Outside Services 25,000 Temporary staffing and office furniture Community Resources Rents from Recreation Facility (40,000) Temporary closure during pandemic Community Resources Recreation class fees (100,000) Temporary suspension during pandemic Community Resources Recreation Swimming/Swim class fees (70,000) Temporary suspension during pandemic Community Resources Adult Sports Fees (4,000) Temporary suspension during pandemic Community Resources Youth Sports Fees (18,000) Temporary suspension during pandemic Community Resources Rents from Recreation Facility (10,000) Temporary closure during pandemic Community Resources Excursion Fees (10,000) Temporary suspension during pandemic Community Resources Rent from Woman's Club (14,000) Temporary closure during pandemic Library Library Fees (9,800) Temporary closure during pandemic Library Passport Fees (30,000) Slow down of service offered due to pandemic Econ & Comm Dev Plan Check 150,000 Received fees for larger development projects Econ & Comm Dev Business License Tax 200,000 Anticipated pandemic would impact revenues more Econ & Comm Dev Land Excavaction Tax 200,000 Activity trending upwards Econ & Comm Dev Franchise/Landfill 200,000 Activity trending upwards Econ & Comm Dev Franchise/Landfill/Expansion 75,000 Activity trending upwards Econ & Comm Dev Promenade Lease (59,040) Building will not be occupied until FY 2021/22 Totals 2,794,004$ (3,148,336)$ Net Increase $5,942,340 Table 1: Proposed Mid-Year Budget Adjustments for Fiscal Year 2020/21 FY 2020-21 Mid-Year Budget Review March 1, 2021 Page 3 Revenue Highlights Overall, revenues are expected to be higher by a net $2,794,004. Major categories contributing to the projected adjustments are: 1. Property Taxes - a strong housing market, transfer of ownership from higher market prices, and CPI increase all contribute to these revenues being higher than expected. 2. Sales and Transaction Use Taxes – online shopping increased significantly throughout the pandemic resulting in higher revenues from the County’s pool and thus more sales tax and Measure Z transaction and use tax allocations to the City. 3. Penalties – to provide residents and businesses relief through economic hardships during the pandemic, many types of late fees and penalties for services were suspended, resulting in less revenues or the City. 4. One-time Government Allocation – the State received federal funding as part of the pandemic economic stimulus package and allocated funding to counties and local agencies. Azusa received $613K. 5. Recreation and Rental Fees – extended health orders prohibited rental of facilities, sports activities and recreational classes and outings. 6. Economic Development – throughout the pandemic, staff remains engaged with businesses, providing resources to assist Azusa businesses with staying open and development projects continue to move forward. Additionally, major organizations, such as mining and landfill businesses, who have agreements with the City have been able to maintain production and have in some cases increased production, resulting in increases to revenues for the City. Expenditure Highlights Based on the analysis of mid-year expenditures, Staff proposes a net decrease in General Fund budgeted expenditures for a total of $3,148,336: 1. Salary and Benefits Savings – there are positions funded by the General Fund that remain unfilled or have been partially unfilled in the current year resulting in net salary savings. While recruitment activities has been steady, the pandemic slowed down turnaround for several positions and required less part-time staffing. Staff has identified approximately $2.5 million in estimated savings from vacancies for the current year. 2. Water Fund Loan – with issuance of Pension Obligation Bonds in September 2020, the City was able to cancel the remaining loan obligation between the General Fund and Water Utility. In addition to the expenditure adjustments, Staff is requesting approval to add one (1.0) full-time budgeted position to the Police Department (PD). The City has not had an emergency coordinator position since elimination of the position in 2009 as a result of the economic downturn. However, great need exists in the Police Department, with collaboration of all departments to have a FY 2020-21 Mid-Year Budget Review March 1, 2021 Page 4 designated staff person to oversee PD’s emergency services, public information services, grant management, and crime analysis data. PD is proposing to eliminate two (2) part-time positions to accommodate this position. The estimated ongoing annual costs is $88K. Salary savings this year will be able to absorb the cost of hiring for this position in the current year, and ongoing costs will be budgeted accordingly with the budget process. If approved, Staff will have to take the proposed job specification to the Personnel Board first for approval and then will bring to the City Council for approval. Reserve Summary and Fiscal Year 2021/22 Major Budget Considerations The General Fund Reserve Policy consists of four categories to mitigate risk in high liability exposure areas: 1) Budget Stabilization and Catastrophic Event (20% of budget or $10.1 million of the revised budget); 2) Capital and Infrastructure Replacement ($1.5 million); 3) Insurance ($1.5 million); and 4) Retiree Benefits ($2.0 million). City Council authorization is required for use of these reserves. Recommended mid-year adjustments forecasts an ending available reserve balance of $22.8 million, $7.7 million above the designated reserves target. Table 2: Fiscal Year 2020/21 Budget Forecast and Reserves Analysis Actions taken by the Council, such as issuing Pension Obligation Bonds to pay-off the City’s unfunded pension liability, re-negotiating franchise revenue agreements, allowing residents to vote on additional revenue generating measures, and continuing to run city operations as efficient as possible, has resulted in the City being in better financial position. Still, throughout the upcoming year’s budget process, further direction is needed to address the City’s growing $63.8 million other post-employment benefit (OPEB) liability, new layers of pension debt, aging infrastructure, and evolving community growth and needs. Staff has begun the FY 2021/22 budget development process and will return to Council at a special study session to receive direction and guidance for the budget adoption process and how best to use undesignated reserves to serve Azusa residents and businesses. ADOPTED FY 20-21 REVISED FY 20-21 Total Revenues 46,652,376 46,634,102 Total Expenses 48,751,588 50,336,837 Operating Surplus or (Deficit)(2,099,212)$ (3,702,735)$ Add: Mid-year revenue adjustment 2,794,004 Add: Mid-year expenditure adjustment 3,148,004 Revised Operating Surplus or (Deficit)(2,099,212)$ 2,239,273$ Beginning Available Reserves Balance 20,554,932 20,554,932 Ending Available Reserves Balance 18,455,720 22,794,205 Reserves Target 14,750,318 15,067,367 Above/(Below) Reserves Target 3,705,402$ 7,726,838$ FY 2020-21 Mid-Year Budget Review March 1, 2021 Page 5 FISCAL IMPACT: The recommended FY 2020/21 mid-year actions result in a net fund balance increase of $5,942,340, including an increase in revenues in the amount of $2,794,004 and a decrease in expenditures in the amount $3,148,336. Adoption of recommended mid-year adjustments results in an estimated budget surplus of $2.2 million. Fiscal Year 2020/21 budget, including recommended mid-year adjustments, is expected to result in an estimated $22.8 million ending available fund balance, of which $15.1 million are designated reserves. Prepared by: Reviewed and Approved: Talika M. Johnson Sergio Gonzalez Director of Administrative Services City Manager Attachments: 1) FY 2020-21 Budget-to-Actual Report for the second quarter ending December 31, 2020 2) Resolution No. 2021-C10, Adopting FY 2020/21 Mid-Year Budget Adjustments FY 2020/21 Quarterly Financial Report, 2nd Quarter, Ending December 31, 2020 OVERVIEW This financial report summarizes the City’s General Fund’s position for the 2nd quarter of a Fiscal Year 2020/21 (July 1, 2020 through December 31, 2020). Also, included are the major Special Revenue Funds: Gas Tax and Fire Safety; the Sewer Fund; and the major Internal Services Funds: Risk Management/Liability and Information Technology. The purpose of this report is to provide the City Council, City Management, and the Azusa community with an update on the City’s fiscal status based on the most recent financial information available. GENERAL FUND SUMMARY With the 2nd quarter’s revised data, the projection through the end of the fiscal year for total sources (revenues and transfers-in) are estimated to be $46,634,102, and it is the same as the adopted revenue amount with no significant changes. Total uses (expenditures and transfers-out) are estimated to be $1,583,828 higher primarily due to budget carryforward included West Wing Remodel/Furniture, HDL system replacement, purchase of new vehicles, etc.). Table 1 shows the adjusted budget figures: A B C Adopted Budget 2020-21 Revised Budget 2020-21 Variance (B - A) Beginning Reserve Balance $ 20.55 $ 20.55 * $ - Plus Revenues 45.11 45.09 ** (0.02) Transfers In 1.55 1.55 - Total 2020-21 Sources 46.65 46.63 (0.02) Less Expenditures 40.84 42.42 ** 1.58 Transfers Out 7.92 7.92 - Total FY 2020-21 Uses 48.75 50.34 1.58 Expenses in (excess)/below Exp-FY 2020-21 (2.10) (3.70) (1.60) Estimated Unassigned Fund balance before reserves 18.46 16.85 Less: Internally Restricted Reserves Budget Stabilization & Catastrophic Reserve 9.75 10.07 *** 0.32 Capital & Infrastructure Replacement Reserve 1.50 1.50 *** - Insurance Reserve 1.50 1.50 *** - Retiree Benefits Reserve 2.00 2.00 *** - Available Fund Balance $ 3.71 $ 1.78 **** $ (1.92) *Unaudited **Financial Data as of 2/9/20 - Q2 FY20-21 ****Prior to FY 2020/21 Mid-Year adjustments ***Established Reserves - Per 6-15-20 Council Approval Revised Reserved Policy-Resolution# 2020- 037 Table 1 Budget vs. Estimated Actual (in millions) Attachment 1 2020-21 Quarterly Financial Report Attachment 1 2nd Quarter, Ending December 31, 2020 Page 2 of 6 The 2nd quarter’s revenues are pacing lower than the 50% mark due to the economic conditions related to the COVID -19 pandemic. Staff will closely monitor the revenues and expenditures and update Council if there are any material data that will impact the full year revenue budget. GENERAL FUND REVENUES Table 2 shows actual collections for the major revenue sources and the percent collected compared to the adjusted budget. Table 3 shows that revenues are trending $2.4 Mil higher than the same period last year. This is primarily due the passage of Measure Z, the transaction use tax, and also stronger than forecasted sales and property taxes. In addition, staff has streamlined the revenue collection process for property tax and are recognizing the revenues faster than before. Revenue Collection by Source As of 12/31/20 Chart 1 Revenues Collected by Source Quarter Ending: 12/31/19 vs. 12/31/20 2020-21 Actual % of REVENUE Adjusted Budget YTE 12/31/20 Adj. Budget Property Tax 11,728,533 2,397,245 20.4% Sales Tax 8,276,077 3,620,719 43.7% UUT Tax 3,323,341 1,544,324 46.5% Other Taxes 9,637,888 3,992,054 41.4% Charges for Services 4,534,305 1,983,154 43.7% Cost Reimbursement 2,653,523 1,196,374 45.1% Fines & Penalties 1,269,500 441,618 34.8% License & Permits 2,326,900 1,342,813 57.7% Miscellaneous 202,650 411,638 203.1% Money & Property Use 2,681,385 1,313,247 49.0% Total Revenues $46,634,102 $18,243,185 39.1% Table 2: YTE % of Budget Actual Actual Increase/ REVENUE YTD 12/31/2019 YTD 12/31/2020 (Decrease) Property Tax $90,657 $2,397,245 $2,306,588 Sales Tax 1,573,612 3,620,719 2,047,107 Utility User Tax 1,486,840 1,544,324 57,484 Other Taxes 4,187,873 3,992,054 (195,818) Charges for Services 2,287,958 1,983,154 (304,804) Cost Reimb.1,185,935 1,196,374 10,439 Fines & Penalties 832,051 441,618 (390,433) License & Permits 1,499,536 1,342,813 (156,723) Miscellaneous 875,444 411,638 (463,806) Money & Property Use 1,839,707 1,313,247 (526,461) Total Revenues $15,859,612 $18,243,185 $2,383,573 Table 3: Year-to-Year Comparison $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 YTD 12/31/2019 YTD 12/31/2020 2020-21 Quarterly Financial Report Attachment 1 2nd Quarter, Ending December 31, 2020 Page 3 of 6 Property Tax collections are low and it is normal due to the timing of the revenue allocation by the County of Los Angeles Auditor Controller Tax Division. The main reason for the low rate of collection is due to the timing of when the revenues are allocated by the Los Angeles County Auditor Controller Tax Division. The majority of the property tax collections are received in four payments in December, January, April and May of each calendar year. Sales Tax collections are at 43.7% of the adjusted budget. The main reason for the low rate of collections is due to the timing of when the revenues are available. The November and December 2020 sales tax will not be distributed by the California Department of Tax and Fee Administration until January and February of 2021. The sale tax compared to the same period last fiscal year is higher primarily due to the passage of Measure Z, the transaction use tax, and better than expected sales tax revenues. Utility User’s Tax collections are at 46.5% of the adjusted budget. This percentage is reflective of the consumption of utility services such as gas, electric and water. Other Taxes collections are at 41.4% of the adjusted budget. Other taxes are comprised mainly of transient occupancy tax (TOT), franchise, land excavation, material recovery facility, and hazardous waste fees. Other taxes are lower due to the impact of the COVID-19 pandemic resulting in lower tax such an anticipated reduction of 25% to our TOT. Some revenues are calculated and collect after the quarter has end. Charges for Services collections are at 43.7% of the adjusted budget. Revenues are collected as services are rendered. This revenue source was impacted due to slower economic activities resulting from the Covid- 19 pandemic. For example, the City did not receive any revenues from recreation fees including sports, recreation, swimming, etc. during the pandemic shutdown. Cost reimbursement collections are at 45.1% of the adjusted budget. Revenues are collected based on various reimbursement agreements. Fines and Penalties collections are at 34.8% of the adjusted budget. The 2nd quarter revenues are pacing lower and were anticipated. Court Fees and penalties are pacing very slow in Q1 and Q2 both due to the COVID-19 pandemic. There was also a government mandate not to charge penalties or close any accounts for utility customers for a period. License and Permits collections are at 57.7% of the adjusted budget. This is mainly due to the timing of development activities and when the licenses and permit fees are issued. Miscellaneous collections are at 203.1% of the adjusted budget. The revenues are pacing high primarily due to a one time Corona Virus Relief Stimulus payment. Money and Property Use collections are at 49.0% of the adjusted budget. The 2nd quarter revenues are pacing on fairly close to target and as expected. 2020-21 Quarterly Financial Report Attachment 1 2nd Quarter, Ending December 31, 2020 Page 4 of 6 GENERAL FUND EXPENDITURES General Fund expenditures are tracking at 46.6% of the second quarter’s budget. Expenditures by Category As of 12/31/20 The expenditures outlined in Table 4 are pacing in line with the 2nd quarter budget. The personnel budget pacing is slightly over at 51.1%, and it is primarily due to increased CalPERS costs. The operation budget is lower due to the timing of when the services and materials are procured. The 2nd quarter expenditures on table 5 compared to the same period last year was lower due to cost efficiency efforts such as the consolidate of the Human Resource unit into Administrative Services. Overall, the General Fund expenditures are at 46.6% or $23.4 Mil of the adjusted budget of $50.3 Mil. When comparing the Q2 FY 20/21 expenditures with the same period last year, it is slight higher due to one-time projects and purchases such as the phone system upgrade, the west wing remodel and furniture, and purchase of vehicles. DEPARTMENT EXPENDITURES At the end of the 2nd quarter, most departments are tracking close to the 50% 2nd quarter mark of the adjusted budget. The Community Resource Department is pacing low due to the pandemic shut down and halted the recreation activities. Human Resources was pacing low due to position vacancies. Table 6 Chart 2 Expenditures by Department % of Budget by Department As of 12/31/20 as of 12/31/20 FY 20-21 Actual % of EXPENDITURE Working Budget YTD 12/31/20 Adopted Personnel 28,197,251 14,402,457 51.1% Operating 22,139,586 9,038,490 40.8% Total Expenditures $50,336,837 $23,440,947 46.6% Table 4: YTE % of Budget Actual Actual Increase/ EXPENDITURE YTD 12/31/19 YTD 12/31/20 (Decrease) Personnel 15,181,058 14,402,457 ($778,601) Operating 8,087,368 9,038,490 951,123 Total Expenditures $23,268,426 $23,440,947 $172,521 Table 5: Year-to-Year Comparison 2020/21 Actual EXPENDITURE Adj. Budget YTD 12/31/20 % of Budget Council $154,881 $60,143 38.8% City Clerk 620,697 328,334 52.9% City Attorney 275,000 66,910 24.3% City Treasurer 173,105 57,940 33.5% Administration 554,565 271,466 49.0% Finance 1,529,312 739,057 48.3% Economic & Comm. Dev.3,900,221 1,569,775 40.2% Human Resources 540,772 171,382 31.7% Library 1,415,843 603,300 42.6% Public Safety 22,284,232 11,205,593 50.3% Public Works 3,590,863 1,723,233 48.0% Community Resources 1,901,584 640,650 33.7% City-Wide 13,395,762 6,003,166 44.8% Total Expenditure $50,336,837 $23,440,947 46.6% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 2020-21 Quarterly Financial Report Attachment 1 2nd Quarter, Ending December 31, 2020 Page 5 of 6 MAJOR SPECIAL REVENUE, SEWER AND INTERNAL SERVICES FUNDS SUMMARY The major Special Revenue funds including the Gas Tax, Fire Safety fund, Sewer Fund, and the major Internal Services funds such as Risk Management/Liability and Information Technology funds are reflected below. Table 7: Major Special Revenue and Internal Services Fund Revenues Table 8: Major Special and Internal Service Fund Expenditures Chart 3 Major Special Revenue & Internal Services Funds Revenues by Funds Ending 12/31/20 Chart 4 Major Special Revenue & Internal Services Funds Expenditures by Funds Ending 12/31/20 2020-21 Actual % of REVENUE Adjusted Budget YTD 12/31/20 Adj. Budget Gas Tax Fund $1,279,753 $601,373 47.0% Fire Safety 5,974,032 3,572,533 59.8% Sewer Fund 3,248,928 1,575,731 48.5% Risk Mgmt/Liab Fund 3,275,919 1,907,317 58.2% IT Fund 2,029,376 836,854 41.2% Total Revenues $15,808,008 $8,493,806 53.7% Table 7: YTD % of Budget 2020-21 Actual % of EXPENDITURE Adjusted Budget YTD 12/31/20 Adj. Budget Gas Tax Fund $1,656,568 $691,407 41.7% Fire Safety 5,874,032 3,798,001 64.7% Sewer Fund 3,473,681 1,487,652 42.8% Risk Mgmt/Liab Fund 4,366,112 2,445,465 56.0% IT Fund 2,099,619 893,847 42.6% Total Expenditures $17,470,012 $9,316,373 53.3% Table 8: YTD % of Budget 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% Gas Tax Fund Fire Safety Sewer Fund Risk Mgmt/Liab Fund IT Fund 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% Gas Tax Fund Fire Safety Sewer Fund Risk Mgmt/Liab Fund IT Fund 2020-21 Quarterly Financial Report Attachment 1 2nd Quarter, Ending December 31, 2020 Page 6 of 6 Gas Tax Fund Gas Tax revenues are pacing at 47.0% of the 2nd quarter FY 20/21 adjusted budget, and the expenditures are tracking at 41.7%. Fire Safety Fund Fire Safety Fund’s operating revenues are pacing at 59.8% of revenues. The expenditures are pacing at 64.7% for the 2nd quarter. The second quarter’s payments were higher, but as the year progresses, the full year costs will smooth out. The full year costs are anticipated to be consistent with the FY 20/21 budget. Sewer Fund Sewer year-to-date operating revenues are 48.5% of estimated budget. Expenditures are lower than the 2nd quarter end mark at 42.8% due to the timing of the various projects. Risk Management Fund The revenues for the Risk Management Fund are at 58.2% due to the timing of its allocations. The expenditures are at 56.0% of the adjusted budget due to the timing of when claims are paid out. Information Technology Fund The Information Technology Fund revenues for the 2nd quarter are pacing at 41.2%. Its allocations are recorded twice a year, in December and June. The expenditures are pacing at 42.6% and consistent with the timing of the various IT projects. RESOLUTION NO. 2021-C10 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA APPROVING AND ADOPTING THE MID-YEAR BUDGET AMENDMENTS FOR THE CITY OF AZUSA WHEREAS, on June 15, 2020, City Council of the City of Azusa adopted the City-wide Fiscal Year 2020-21 Operating and Capital Budgets; and WHEREAS, on March 1, 2021, the City Council of the City of Azusa met and reviewed the mid-year financial status of the General Fund, Gas Tax Fund, Fire Safety Special Revenue Fund, Sewer Enterprise Fund, Risk Management/Liability and Information Technology Internal Services Funds, and considered Staff’s recommendations on the budget amendments. NOW, THEREFORE, BE IT RESOLVED, THE CITY COUNCIL OF THE CITY OF AZUSA DOES APPROVE AND ADOPT THE FOLLOWING FY 2020-21 GENERAL FUND BUDGET AMENDMENTS: SECTION 1. Attachment 2 SECTION 2. The City Clerk shall certify as to the adoption of this resolution. Revenues Expenditures Department Description Increase/(Decrease)Increase/(Decrease)Justification for Adjustment Citywide Water Fund Loan (665,446)$ Paid off with POB issuance Citywide Salary Savings (2,500,000) Savings from vacant positions Citywide Property Tax 458,895 Strong housing market, transfer of ownership from higher market prices, and CPI increase. Citywide Sales Tax 970,560 Significant increase of online sale from the County Wide County Pool distribution. Citywide Transaction Use Tax 756,275 Significant increase of online sale from the County Wide County Pool distribution. Citywide Penalties (435,020) Temporary suspension of late fees for pandemic relief Citywide One time Government Allocation-Corona Virus Relief Fund 613,134 State CARES Act funds Capital & Infrastructure Replacement Equipment & Machinery 102,110 Crossing guard was not used for a good part of the year and dept. was able to achieve some savings Public Safety Crossing Guard (110,000) School closures due to pandemic Public Safety Court Fines (30,000) Court activities impacted for shut downs during pandemic Administrative Services Outside Services 25,000 Temporary staffing and office furniture Community Resources Rents from Recreation Facility (40,000) Temporary closure during pandemic Community Resources Recreation class fees (100,000) Temporary suspension during pandemic Community Resources Recreation Swimming/Swim class fees (70,000) Temporary suspension during pandemic Community Resources Adult Sports Fees (4,000) Temporary suspension during pandemic Community Resources Youth Sports Fees (18,000) Temporary suspension during pandemic Community Resources Rents from Recreation Facility (10,000) Temporary closure during pandemic Community Resources Excursion Fees (10,000) Temporary suspension during pandemic Community Resources Rent from Woman's Club (14,000) Temporary closure during pandemic Library Library Fees (9,800) Temporary closure during pandemic Library Passport Fees (30,000) Slow down of service offered due to pandemic Econ & Comm Dev Plan Check 150,000 Received fees for larger development projects Econ & Comm Dev Business License Tax 200,000 Anticipated pandemic would impact revenues more Econ & Comm Dev Land Excavaction Tax 200,000 Activity trending upwards Econ & Comm Dev Franchise/Landfill 200,000 Activity trending upwards Econ & Comm Dev Franchise/Landfill/Expansion 75,000 Activity trending upwards Econ & Comm Dev Promenade Lease (59,040) Building will not be occupied until FY 2021/22 Totals 2,794,004$ (3,148,336)$ Net Increase $5,942,340 Proposed Mid-Year Budget Adjustments for Fiscal Year 2020/21 PASSED, APPROVED AND ADOPTED this 1st day of March 2021. Robert Gonzales Mayor ATTEST: Jeffrey Lawrence Cornejo, Jr. City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) ss. CITY OF AZUSA ) I HEREBY CERTIFY that the foregoing Resolution No. 2021-C10 was duly adopted by the City Council of the City of Azusa at a meeting thereof, held on the 1st day of March 2021, by the following vote of the Council: