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HomeMy WebLinkAboutAGENDA REPORT 2015 0617 CCSA REG ITEM 09F ITEM 9.F. 'CITY OF MOORPARK,CALIFORNIA City Council Meeting of 4-17-Ao/5 MOORPARK CITY COUNCIL ACTION: C2dspld ,&,ao , Ina AGENDA REPORT / $ 5 o t• BY: t'77i TO: Honorable City Council FROM: Steven Kueny, City Manager —" DATE: June 7, 2015 (City Council Meeting of June 17, 2015) SUBJECT: Consider Resolution Adopting the Operating and Capital Improvement Budget for the City of Moorpark for the Fiscal Year 201512016. SUMMARY On May 20, 2015, the City Manager presented to the City Council the recommended Operating and Capital Improvement Budget for Fiscal. Year (FY) 2015/2016. The Council held a public meeting to discuss the budget on May 27, 2015. Based on this meeting, Council directed staff to make several changes to the recommended budget and to present the budget for formal approval on June 17, 2015. After further analysis of the May 27 action and current information, staff has included other adjustments for Council consideration and action. The General Fund is balanced using the FY 2014/15 prior year surplus. DISCUSSION On May 20, 2015, the City Manager presented to City Council the Operating and Capital Improvement Budget for the City of Moorpark. The proposed Budget as submitted to the City Council had a projected General Fund deficit of $191,375. As discussed below, the recommendations for balancing the FY 2015/16 General Fund (GF) budget include use of the FY 2014/15 GF projected surplus of $342,000. Changes to the proposed budget are as follows. Add $1,000 for the film permit liaison. Increase of $360 for Local Agency Formation Commission. Reduce by $4,000 the Business Enhancement Program. Increase of $300 to Economic Development Collaborative. Successor Agency properties that are now the responsibility of the City results in a General Fund increase of $10,600. Deletion of a server replacement in the amount of $50,000; which was funded in FY 2014/15. In addition, staff included modifications to personnel costs, to account for potential salary and benefit changes in the event such are negotiated along with three potential promotions for a total General 228 Honorable City Council June 17, 2015 Page 2 Fund cost of about $89,000. The revised General Fund deficit is $293,714 which is completely funded by the FY 2014/15 surplus. If the City Council concurs with the changes to the City Manager's recommended budget as noted in this staff report, staff recommends that the City Council adopt the attached resolution. The final budget document with the referenced changes will be provided to the City Council under separate cover as well as made available to the public on the City's website, at City Hall and the Moorpark Library by early July 2015. Successor Agency to the Redevelopment Agency of the City of Moorpark Successor Agency properties are now the responsibility of the City which results in a decrease in the amount of $10,600. The State Department of Finance (DOF) denied certain costs in the ROPS submittal in the amount of $300,000, which staff eliminated from the budget. 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 February 17, 2015 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. As previously explained, the annual budget may be modified should the ROPS for the second half of the fiscal year include substantial departures from the approved first-half ROPS. STAFF RECOMMENDATION (ROLL CALL VOTE REQUIRED) Adopt Resolution No. 2015- . Attachment: Resolution No. 2015- 229 RESOLUTION NO. 2015- 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 2015/2016 WHEREAS, on May 20, 2015 the City Manager's Recommended Budget for Fiscal Year 2015/2016 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 27, 2014, 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 2015/2016 (beginning July 1, 2015) 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 2015/2016. SECTION 2. The City Manager is authorized to amend the capital improvement budget for Fiscal Year 2015/2016 at the conclusion of Fiscal Year 2014/2015 when a final accounting of project costs during the Fiscal Year 2014/2015 is complete and continuing appropriations are determined as long as 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, as long as the total department appropriation and fund appropriation authorized by the City Council is not exceeded. 230 Resolution No. 2015- Page 2 • SECTION 4. Except as otherwise provided in this resolution, amendments to the appropriations in Fiscal Year 2015/2016 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. 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 February 17, 2015 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 for the second half of the fiscal year include substantial departures from the approved first-half ROPS. 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 17th day of June, 2015. Janice S. Parvin, Mayor ATTEST: Maureen Benson, City Clerk Attachment: Exhibit "A" 231 Resolution No. 2015 • - Page 3 Exhibit A Operating and Capital Improvement Budget For the City of Moorpark Fiscal Year 2015/2016 Click here for: Budget for Approval 232