HomeMy WebLinkAboutAGENDA REPORT 2003 0604 CC REG ITEM 09De
ITEM 9 •'D .
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MOORPARK CITY COUNCIL
AGENDA REPORT
TO: Honorable City Council
FROM: Cynthia L. Borchard, Administrative Services Director
DATE: May 29, 2003 (meeting of June 4, 2003)
SUBJECT: Community Development Fund Transfers
BACKGROUND
It has been projected that the Community Development Fund will
show a deficit at the end of this fiscal year (2002 -03) in the
amount of $278,121. This deficit was projected to be $427,881
in the FY 2002 -03 budget. A transfer in the amount of $300,000
from various Funds is proposed to balance the Fund.
DISCUSSION
Due to a decrease in activity tied to new development,
Departmental revenues are not sufficient to cover expenditures.
One of the options suggested in the 2002 -03 budget was to
transfer cash from other Funds that have been served by the
Community Development Department in the past two years. This
has been analyzed by the Community Development staff and
reviewed by the City Manager and the following transfer is
proposed to the Community Development Fund:
• General Fund (1000) $150,000
• Traffic System Management Fund (2001) $50,000
• City -Wide Traffic Fund (2002) $50,000
• Redevelopment Fund (2902) $50,000
Total $300,000
OCO,141
Honorable City Council
June 4, 2003
Page 2
Sufficient funds are available within the various Fund balances
to provide for this transfer.
It appears on a long -term basis the General Fund will need to
contribute approximately $350,000 per year to staff the
Department to serve the general public. This is equivalent to
the Director, Administrative Secretary and Code Enforcement
Officer's salaries and benefits including code enforcement
operating and legal costs for FY 2003/04. This change is
proposed in addressing the Fund deficit in the FY 2003/04
budget.
STAFF RECOMMENDATION: (Roll Call Vote Required)
Adopt Resolution No. 2003- amending the FY 02/03 Budget
to appropriate fund transfers in the amount of $300,000 from the
various identified Funds to the Community Development Fund.
4 0W
RESOLUTION NO. 2003-
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, AMENDING THE FY 2002/03 BUDGET
BY APPROPRIATING $150,000 FROM THE GENERAL FUND (1000-
5500); $50,000 FROM THE TRAFFIC SYSTEM MANAGEMENT FUND
(2001- 5500); $50,000 FROM THE CITY -WIDE TRAFFIC
MITIGATION FUND (2002 -5500) AND $50,000 FROM THE
REDEVELOPMENT AGENCY FUND (2902 -5500) TO THE COMMUNITY
DEVELOPMENT FUND (2200-5500).
WHEREAS, on June 5, 2002, the City Council adopted the
budget for Fiscal Year 2002/03; and
WHEREAS, a deficit is projected in the Community
Development Fund for Fiscal Year ending June 30, 2003; and
WHEREAS, the Community Development Fund is entitled to be
reimbursed from other Funds that it has served; and
WHEREAS, Exhibit "A" hereof describes said necessary budget
amendment and its resultant impacts to the budget line item(s).
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. A budget amendment appropriating $300,000 from
the Funds listed above to the Community Development Fund as more
particularly described in Exhibit "A" attached hereto is hereby
approved.
SECTION 2. The City Clerk shall certify to the adoption of
this resolution and shall cause a certified resolution to be
filed in the book of original resolutions.
PASSED AND ADOPTED this 4th day of June, 2003.
Patrick Hunter, Mayor
ATTEST:
Deborah S. Traffenstedt, City Clerk
Attachment: Exhibit "A" - Budget Amendment
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EXHIBIT A
BUDGET AMENDMENT FOR
COMMUNITY DEVELOPMENT
FY 2002 -03
FUND ALLOCATION FROM:
Fund
Account Number
Amount
General
1000 -5500
$ 150,000.00
Traffic System Management
2001 -5500
$ 50,000.00
City-Wide Traffic Mitigation
2002 -5500
$ 50,000.00
Redevelopment Agency
2902 -5500
$ 50,000.00
Total
1
1 $ 300,000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number
Current Budget
I Revision
Revision
Amended Budget
1000 - 6100 - 0000 -9820
$ -
$
150,000.00
$
150,000.00
2001 - 6100 - 0000 -9820
$ -
$
50,000.00
$
50,000.00
2002 - 6100 - 0000 -9820
$ -
$
50,000.00
$
50,000.00
2902 - 6100 - 0000 -9820
$ -
$
50,000.00
$
50,000.00
Total
$ -
$
300,000.00
$
3000.00
0,0
DISTRIBUTION OF APPROPRIATION TO REVENUE ACCOUNTS:
Account Number
Current Budget
I Revision
I Amended Budget
2200 -3720
1 $ -
1 $ 300,000.00
1 $ 300,000.00
Approved as to Form:
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