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Home My WebLink AboutAGENDA REPORT 2021 0616 CCSA REG ITEM 09CCITY OF MOORPARK,  CALIFORNIA City Council Meeting of June 16, 2021 ACTION ADOPTED RESOLUTION NOS. 2021-4013 AND 2021-4014. (VOICE VOTE: UNANIMOUS). BY B. Garza C. Consider City Manager’s Recommendation for Adoption of Resolution Approving Operating and Capital Improvements Budget for Fiscal Year 2021/2022. Staff Recommendation: 1) Adopt Resolution No. 2021-4013, approving the operating and capital improvement budget for the FY 2021/2022; and 2) Adopt Resolution No. 2021-4014, approving the five-year capital improvement program for FY 2021/2022 – 2025/2026. (Staff: Troy Brown) Item: 9.C. MOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council FROM: Troy Brown, City Manager BY: Kambiz Borhani, Finance Director DATE: 06/16/2021 Regular Meeting SUBJECT: Consider City Manager’s Recommendation for Adoption of Resolution Approving Operating and Capital Improvements Budget for Fiscal Year 2021/2022 SUMMARY On May 19, 2021, the City Manager presented to the City Council the proposed Operating and Capital Improvement Budget for Fiscal Year (FY) 2021/2022. The Council held a public meeting to discuss the budget on May 26, 2021. At this meeting, staff recommended making certain changes that increased the total proposed expenditures by $4,000 from $58,675,207 to $58,679,207 and Council directed staff to present the budget for formal approval on June 16, 2021. As discussed with the City Council, the General Fund is structurally balanced and is projected to have a fund balance surplus of $123,733 on June 30, 2022. General Fund Special Revenue Funds Capital Funds SARA & MWPRCA TOTAL Revenues $19,874,808 $17,743,133 $393,500 $1,535,736 $39,547,177 Transfers From $2,562,511 $1,528,836 $4,091,347 Subtotal Revenues $19,874,808 $20,305,644 $393,500 $3,064,572 $43,638,524 Expenditures ($17,323,622)($31,551,046)($4,182,782)($1,530,410)($54,587,860) Transfers To ($2,427,453)($135,059)($1,528,836)($4,091,348) Subtotal Expenditures ($19,751,075)($31,686,105)($4,182,782)($3,059,246)($58,679,208) Net Surplus / (Deficit)$123,733 ($11,380,461)($3,789,282)$5,326 ($15,040,684) Fund Balance, 7/1/21 $2,583,794 $72,571,570 $33,501,153 ($20,360,063)$88,296,454 Fund Balance, 6/30/22 $2,707,527 $61,191,109 $29,711,871 ($20,354,737)$73,255,770 Item: 9.C. 190 Honorable City Council 06/16/2021 Regular Meeting Page 2 DISCUSSION The proposed spending plan for General Fund operating and capital improvement projects budget for FY 2021/2022 is balanced. During the budget discussions staff recommended the following minor changes: • To increase Firework Display budget of $15,000 in account 1000-521-E0019-52000 (3rd July Frwks- General/Program Supp) by $10,000. • To eliminate New Freezer budgeted for $6,000 in account 1000-171-F0003-53000 (AAC – Prop Maint Svc) in Adult Active Center. Fund Division Project Object Account Description Amount 1000 521 E0019 52000 3RD JULY FRWKS - GENERAL/PROGR 10,000$ 1000 171 F0003 53000 AAC - PROP MAINT SVC (6,000) TOTAL 4,000$ The Proposed Budget for Approval is posted to the city’s website at: http://moorparkca.gov/DocumentCenter/View/11745/FY2122-Budget-Draft---For- Approval FISCAL IMPACT The Proposed FY 2021/2022 Budget provides $58,679,207 appropriation authority in all funds. It anticipates $43,638,525 in revenue. General Fund operational costs of $19,751,075 are expected to be fully covered by operating revenues. Further details are provided in the City Manager’s Budget Message. COUNCIL GOAL COMPLIANCE This action does not support a current strategic directive. STAFF RECOMMENDATION (ROLL CALL VOTE REQUIRED) 1. Adopt Resolution No. 2021-____, approving the operating and capital improvement budget for the FY 2021/2022; and 2. Adopt Resolution No. 2022-____, approving the five-year capital improvement program for FY 2021/2022 – 2025/2026. Attachment 1: Draft Resolution No. 2021-_____ Attachment 2: Draft Resolution No. 2021-_____ 191 RESOLUTION NO. 2021-____ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR THE CITY OF MOORPARK FOR THE FISCAL YEAR 2021/22 WHEREAS, on May 19, 2021, the City Manager’s Proposed Budget for Fiscal Year 2021/22 was submitted to the City Council for its review and consideration; and WHEREAS, the City Council has provided the opportunity for public comment at a public meeting held on May 26, 2021, and conducted detailed review of expenditure proposals; and WHEREAS, as the result of the reviews and analysis, expenditure proposals and revenue projections have been modified as needed. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Operating and Capital Improvement Budget for Fiscal Year 2021/22 (beginning July 1, 2021) for the City of Moorpark containing operating and capital expenditures and anticipated revenues as identified in Exhibit “A” to this resolution attached hereto and incorporated herein, shall be adopted as the City of Moorpark’s Operating and Capital Improvement Budget for Fiscal Year 2021/22. SECTION 2. The City Manager is authorized to amend the capital improvement budget for Fiscal Year 2021/22 at the conclusion of Fiscal Year 2020/21 when a final accounting of project costs during the Fiscal Year 2020/21 is completed and continuing appropriations are determined if the total project appropriation authorized by the City Council is not exceeded. SECTION 3. The City Manager is authorized to approve appropriation transfers within departments and within individual funds as required to provide efficient and economical services, if the total department appropriation and fund appropriation authorized by the City Council is not exceeded. SECTION 4. Except as otherwise provided in this resolution, amendments to the appropriations in Fiscal Year 2021/22 Operating and Capital Improvement Budget shall require Council action by resolution. SECTION 5. The City Manager is authorized to make such emergency appropriations as may be necessary to address emergency needs of the city, provided that the appropriation is presented to the City Council at its next regular meeting for ratification. ATTACHMENT 1 192 Resolution No. 2021-______ Page 2 SECTION 6. The budget approval is being done for City internal governance purposes and the approval of the Recognized Obligation Payment Schedule (ROPS) by the Oversight Board on January 27, 2021, and the State of California Department of Finance's (DOF) allowance of costs in the ROPS defined the parameters of the Successor Agency administrative and operating budget for the period of the ROPS. The Successor Agency understands that the annual budget may be modified should the ROPS be amended. SECTION 7. 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 16th day of June, 2021. __________________________ Janice S. Parvin, Mayor ATTEST: ___________________________________ Ky Spangler, City Clerk Attachment: City Manager’s Operating and Capital Improvement Budget FY 2021/22 193 Resolution No. 2021-______ Page 3 Attachment: City Manager’s Operating and Capital Improvement Budget FY 2021/22 The City Manager’s Operating and Capital Improvement Budget for the City of Moorpark for Fiscal Year 2021/212is On File with the City Clerk 194 RESOLUTION NO. 2021-____ A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, APPROVING THE FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM FOR FISCAL YEAR (FY) 2021/22 – 2025/26 WHEREAS, a proposed Capital Improvement Program (CIP) for FY 2021/22 – 2025/26 has been presented to City Council; and WHEREAS, the CIP is a planning and programming tool to identify the City’s capital projects planned over the next five years related to Public Works, Parks, Recreation and Community Services, and their funding sources; and WHEREAS, pursuant to California Government Code Section 65401, on April 27, 2021, the Moorpark Planning Commission found the CIP to be in conformance with the Moorpark General Plan, except for the Moorpark Avenue Widening project which includes a second southbound lane from Casey Road to Third Street that is not identified in the General Plan Circulation Element; and WHEREAS, pursuant to California Government Code Section 65402, on April 27, 2021, the Moorpark Planning Commission also found the planned acquisition of street right-of-way for certain specified projects described in the CIP to be in conformance with the Moorpark General Plan, except for the Moorpark Avenue Widening project which includes a second southbound lane from Casey Road to Third Street that is not identified in the General Plan Circulation Element. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The April 27, 2021, finding of the Moorpark Planning Commission that the Five-Year CIP is in conformance with the Moorpark General Plan, with the exception of the Moorpark Avenue Widening project, pursuant to California Government Code Section 65401, is adopted. SECTION 2. The April 27, 2021, finding of the Moorpark Planning Commission that the planned acquisition of street right-of-way for certain specified projects described in the CIP is in conformance with the Moorpark General Plan, except for the Moorpark Avenue Widening project, pursuant to California Government code Section 65402, is adopted. SECTION 3. The Five Year Capital Improvement Program for FY 2021/22 – FY 2025/26, which is incorporated into and a part of the City Manager’s Operating and Capital Improvement Budget FY 2021/22, is approved. ATTACHMENT 2 195 Resolution No. 2021-_____ Page 2 SECTION 4. 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 16th day of June 2021. Janice S. Parvin, Mayor ATTEST: Ky Spangler, City Clerk 196 Resolution No. 2021-_____ Page 3 Attachment: City Manager’s Operating and Capital Improvement Budget FY 2021/22 and Capital Improvement Program for Fiscal Years 2021/22 – 2025/26 The City Manager’s Operating and Capital Improvement Budget for the City of Moorpark for Fiscal Year 2021/22 and Capital Improvement Program for Fiscal Years 2021/22 – 2025/26 is On File with the City Clerk 197