Fiscal Year 2013-2015 Special Budget Meeting
Informational ReportFiled under council matter 12-0351
Subject: Fiscal Year 2013-2015 Special Budget Meeting From: City Administrator's Office Recommendation: Receive A Presentation And Hold Discussion On The Mayor's Proposed Budget For Fiscal Year 2013-2015
Extracted text
ATTACHMENT D
Appendix B: General Purpose Fund Balance Projection Summary
May 10, 2013
Audited & Proposed
May 16, 2013
Audited & Proposed
Gross ending Fund Balance
Outstanding Encumbrance, Early Recog. RPTT & Property Sales Used to Balance the Budget
Net Available Endjng Fund Balance:
7.5% Mandated Reserved Level (Designated Fund Balance)
Council Approved Action since July 2012-April 2013 & Recognized Revenue ($2.48M)
General Purpose Fund Balance Projection with Known Council Artions
PROPOSED USE OF THE FUND BALANCE:
Reverse $14.28 M Transfer from the Fund Balance in FY 2012-13
Projected Revenue Growth by June 30, 2013 (Q2 report)
Projected Operating Surplus (Q 3 report)
Reverse Land Sale Subject to State Review
Pending Litigation Settlement
Police Overtime in FY 2012-13 (per 2nd Qi* report)
Use for FY 2013-15 Budget Balance Measures (updated 4/14/2013)
Subsidize Head Start Partial Cuts (34 families, Eastmont Ctr)
Compliance Director's Salary (Court Order 4/17/13, thru Dec. 2014)
Compliance Dirertor's Staff & Exp. (Court Order Dated 4/17/13), $450K/yr X 2 (Dec. 14)
Compliance Director's Remedial Action Plan (May 1)
Additional Set aside for Remedial Action Plan Cost
Recommendation from Strategic Policy Partners
Restore Graphic Design Specialist (Part-Time)
Set Aside for Public Safety Radio Replacement and Upgrade
Projected Balance as of June 30, 2013
Notes:
•'"Some additional fund balance will be required for NSA/Compliance Dirertor-Court Order implementation ($TBD).
^Fiscal impart of additional State actions regarding DDF/Controller's Office review have a potential fiscal impart ($TBD).
$
84,600,000
$
84,600,000
$
(17,982,521)
$
(17,982,521)
. . $
66,617,479
$
66,617,479
$
(32,261,671) s
(32,261,671)
$
(3,087,987) s
(3,087,987)
s
31,267,821
$
31,267,821
s
12,882,521
$
12,882,521
s
14,120,000
s
14,120,000
$
6,200,000
$
(32,500,000) s
(32,500,000)
$
(4,300,000)
$
(7,000,000)
s
(7,700,000)
$
(4,400,000)
s
(10,810,930) s
(10,810,930)
s
(300,000)
s
(300,000)
s
(540,000)
s
(540,000)
$
(945,110)
s
(945,110)
$
(1,825,000) s
(1,825,000)
s
(1,000,000)
$
(368,500)
$
(160,000)
s
(2,500,000)
s
(650,698)
s
2,120,802