HomeMy WebLinkAboutAGENDA REPORT 2009 0318 CC REG ITEM 09E CI'T'Y Of MOORPA RK,
City Council Meeting
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MOORPARK CITY COUNCIL
AGENDA REPORT
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TO: Honorable City Council
FROM: Ron Ahlers, Finance Director
DATE: March 12 2009 tY Ci Council meeting of March 18, 2009)
2009 (City
SUBJECT: Consider FY 2008/09 Mid-Year Budget Report
BACKGROUND
The City p Council adopted a budget for FY 2008/2009 on July 2, 2008. This report will
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analyze certain major funds of the City for this current fiscal year, considering the fact
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that we have closed the books for the first six months. Attachment A to this report is a
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two-p a g g le al-sized spreadsheet showing the summary Revenues and Expenses for
four major funds of the City of Moorpark: General Fund, Community Development,Parks Maintenance, and Moorpark Redevelopment Agency. Attachment B details three
funds which comprise the Streets and Transit funds of the City, which include TDA and
Gas Tax. In particular Parks Maintenance and Community Development operations
require significant General Fund contributions in FY 2008/09.
DISCUSSION
Attachment A shows four major funds of the City and their current year financial status.
The General Fund will be discussed in detail later.
The Community evelopment Fund began the fiscal year with $43,000 in cash.
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Pa y ables amounted to $436,000, of which $245,000 was due to Charles Abbott &
Associates. This created a negative fund balance of $393,000 as of July 1, 2008. The
$245,000 should have been set-aside in a trust fund to account for this money being
earned but not y et due to Charles Abbott. Failure to do such is contrary to the direction
given the former Finance Director by the City Manager. In addition, the Finance and Communit y Development departments did not accurately project the fund balance at
June 30 2008, which also includes $191,000 in payables. The approved budget shows
a zero fund balance at 6/30/2008 when it actually ended with about a $393,000 negative
fund balance due to other payables. We should have transferred money from the
General Fund to the Community Development Fund last fiscal year, 2007/08, in order to
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Honorable City Council
March 18, 2009
Page 2
fund balance. Revenues, including zero out the negative fu g budgeted General Fund
transfer of $957,000, are currently estimated at $1,475,000 which is in line with the
original bud et of$1,482,000. Expenses are currently estimated at $1,486,000 which is
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below the original estimate of $1,825,000. This fund is projected to finish this current
year with a deficit of $11,000. This will further decrease the projected fund balance to a
negative $404,000 as of June 30, 2009. For this current year, this transfer should be
increased by an additional $404,000 in order to erase projected negative fund
balance. Therefore, the transfer would be $1,361,000 from the General Fund into the
Community Development Fund.
The Parks Maintenance Fund began this fiscal year with a negative fund balance of
$115,000; it should have received a transfer from the General Fund to zero out the fund
balance. This fund is projected to have a surplus of $325,000 this year {includes the
General Fund transfer of $1,229,000}; this will increase the net fund balance to
$210,000. We could reduce the General Fund transfer into Parks Maintenance by this
$210,000 and instead transfer the money into the Community Development Fund. The
Park Maintenance Fund is designed to have zero fund balance at year end.
The Moorpark Redevelopment Agency will be in a deficit of $2.8 million this year,
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decreasing its available fund balance to a negative $5.8 million. We are currently n the
process of analyzing the MRA funds in order to determine if we can transfer bond
proceeds from the 2001 and 2006 bond issues to pay for past capital items. This
negative fund balance may be positive by the end of the fiscal year.
Attachment B details three funds which comprise the Streets and Transit funds of the
City. The Local Transportation 8A Fund is projected to use $269,000 of its' reserve this
year, decreasing its available fund balance to $650,000 at 6/30/2009. This fund
transfers $1.1 million to the Gas Tax Fund this year. This fund pays zero in overhead
charges and zero in cost plan charges to the General Fund. The original budget
estimated the ending fund balance at $152,000. The difference is due to not spending
on capital projects as quickly as we had planned. These projects are listed later in this
report.
The Gas Tax Fund is projected to finish this year with a surplus of $67,000, increasing
its available fund balance to $317,000. The original budget estimated the ending fund
balance at zero dollars. Again, we have savings in capital projects this fiscal year.
These projects are listed later in this report. Annual Gas Tax revenues amount to
approximately $600,000, while the annual salary and benefits are approximately
pp Y
$693,000. Therefore, the revenue for this fund does not pay for the salary & benefit
costs. This fund needs the transfer from the Local Transportation 8A fund in order to
pay operations for the and maintenance along with capital improvement costs.
Overhead charges are estimated at $82,000 this year while the estimate for cost plan
charges is $397,000. This fund provides funding for the following employees:
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Honorable City Council
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Administrative Assistant .58
Administrative Assistant .02
Assistant City Engineer 70
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Assistant Engineer .70
City Engineer ineer .50
Crossin g Guard Supervisor .25
Maintenance Worker II .82
Maintenance Worker II .10
Maintenance Worker III .47
Public Works Superintendent .85
Senior Maintenance Worker 1.00
Total Positions 5.99 `}
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The Local Transit Programs Fund will use $116,000 of its reserves by year-end, thus
decreasin g its fund balance to $352,000 at 6/30/2009. This utilization of the reserves
matches the original budget estimate; however, the beginning fund balance was
estimated at i
ositive $406,000. This fund pays zero n overhead charges and $127,000
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in cost p 9 plan charges. This fund also supports city employees, with a salary & benefit
cost of approximately $121,000 annually.
.. .. .. ... ._... .
Administrative Assistant .10
Assistant City Engineer .10
City Engineer .10
Management Analyst .70
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Total Positions 1.00
Therefore, the total combined fund balance for streets JDA and Gas Tax) is projected
to be a positive $1,320,000 at June 30, 2009.
However, next g
Y ear's budget projections are quite different. Revenues are decreasing.
Our original allocation this year {2008/09} was $1,259,000; it currently stands at
$1,216,000, ,a decrease of $43,000. VCTC has estimated Moorpark s allocation next
year at $975,000; an additional decrease of $241,000. Gas Tax revenue is projected to
stay stable since these monies are based on the volume of gas sold in the state and not
o n the price. Total combined revenues for Gas Tax and TDA (transit and streets)
.
project out at $1,794,000. The operating costs are $2,427,000 (includes $57,000 for
p J overhead charges and $524,000 for cost plan charges back to the General Fund). This
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Honorable City Council
March 18, 2009
Page 4
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com .utes to projected deficit of $633,000. This leaves zero funding for capital
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projects, leaving several. million dollars of unfunded projects. In FY 2008/09 about
$400,000 of City Engineer/Public Works department expenditures were funded directly
b the General Fund and another $70,000 by the Traffic Safety Fund and the Crossing
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Guard Fund. In addition about $500,000 in deferred transit revenue has been used in
FY 2007/08 and 2008/09.
We have several capital projects that are budgeted out of these three funds. We can
eliminate the negative .fund balances by funding these projects out of other funds or
reducing their appropriations.
No. Description Fund 2008/09 Spent Projected Remaining Move to Fund ?
.
Approp. 12-31-2008 Expense Approp.
8001 Sidewalk Gas Tax 129,646 - 60,000 69,646
Reconstruction
8002 Slurry Seal Local Transp 8A 999426 - - 999426
Railroad Crossing Local Transp P
8A 173 376 50,764 869000 879376 LA Ave ADC
@ 8039
8056 Metro Link South Local Transp 8A 3321112 - - 332,112 MRA or grant?
Park Lot
8071 Bus Shelters Local Transit 3551998 89,461 2175000 1389998 grant?
Programs
8073 Metro Link Local Transit 123,867 109353 125,000 -1,133
Station Security Programs
192149425 1509578 4889000 7269425
Attachment C details the General Fund revenues and expenses.
General Fund Fiscal Year 2007108
As a reminder, last fiscal year, 2007/08, the total General Fund expenditures and
transfers out to other funds exceeded total revenues and transfers in from other funds
b $20.7 million. The City transferred out $21.5 million to the Special Projects Fund in
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fiscal year 2007/08. Without this transfer the General Fund would have had a positive
increase in fund balance of approximately $800,000.
General Fund Revenues 2008109
Property Taxes: The City receipted $3,027,000 in fiscal year 2007/08 for current
secured property taxes. We budgeted $3,000,000 this current fiscal year. Our estimate
today is $3,500,000. The unsecured portion will be a negative $40,000. This is a
County adjustment; Moorpark was allocated too much in the prior year. On the flip side,
the prior year secured is up over $120,000. As home prices fall and the volume of sales
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March 18, 2009
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declines, we expect to see decreases in supplemental secured and real property
.transfer tax. A change from the prior year is how we shall record the ERAF
{Educational Revenue Augmentation Fund} in lieu of VLF {Vehicle License Fee}. This is
really property tax revenue and has been since 2004-05. The increase/decrease is
based on the city's assessed value, not on VLF revenue. This year's allocation is
almost $3 million. You shall see a corresponding decrease in the Motor Vehicle in Lieu
account.
Sales Taxes are particularly difficult to estimate; good economy, bad economy, it
doesn't matter. We only have good data for the first quarter of this year. Christmas
retail season was poor this year, coupled with the massive decline in gasoline prices
along with other commodities {i.e. food}. Last fiscal year Sales Taxes amounted to
$2,306,000. The original budget estimate was $2,255,000. Our revised estimate is
down slightly to $2,250,000, while we are estimating a further decline for next fiscal
year.
SALES TAX RECEIPTS
�larianr . ... ...
.... .... . .......2007-08 2008-09 Dollars Percent
1st Quarter 5915892 620,486 28,594 4.8
2nd Quarter 628,612 564,514 * (64,098) (10.2 %)
3rd Quarter 5329654 SOS,000 * (27,654) (5.2 %)
4th Quarter 5909556 560,000 * (30,556) (5.2 %)
$ 2,3439714 $ 292509000 ( (4.0 %)
* Estimate
Sales Tax Compensation is directly allocated by the State of California, BOE {Board of
Equalization} thru the counties. It is actually money from property taxes, ERAF, and is
commonly known as the "Triple Flip". The $850,000 has been verified with Ventura
County and we received one-half of the amount in late January with the other half due in
May. Next year it should definitely decrease, it may be even a greater decrease
depending on the adjustment from this current year.
Franchise Fees, Licenses & Permits and Fines & Forfeitures show no significant
variances from the prior years.
Interest earnings are rapidly declining due to the interest rate market that we are
experiencing. It is not a great time to be a borrower, because it is difficult to get a loan.
On the flip side, these are horrible interest rates to be earning on our investments. Last
year the General Fund earned $784,000 in interest. This year's original budget
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Honorable City Council
March 18, 2009
Page 6
estimate was $798,000. Our current estimate is $675,000. Next year's estimate will be
even less.
Motor Vehicle in Lieu, as mentioned above, has been recorded in the property tax
section. County Grants show a decline from the prior years.
General Fund, Other Revenues recorded $1,859,000 last fiscal year. This year's
original bud et estimated $2,311,000 (the Traffic Safety Fund is transferring $402,000
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to the General Fund to pay a for the DARE officer and the High School Resource Officer
in the Police department). Our current estimate is slightly greater at $2,395,000. As a
reminder, the Traffic Safety Fund does not have $402,000 in next year's budget, 2009-
10, to continue this transfer.
Charges for Services show a slight increase from last fiscal year.
Revenues for the current year are estimated to be slightly greater than $16.1 million.
Next Y ear's estimate, at this point in time, shows a decline to just under $15.0 million. A
decline of 7% from the current year's revised estimate.
General Fund Expenditures 2008109
Salaries & Benefits for the employees comprise 30% of the General Fund expenditures.
All of the salary & benefit categories are showing within budget. We shall have an on-
going oin contribution of approximately $31,000 each year for retiree medical costs {OPEB).
The largest item in the budget is the police contract. This contract is over $5 million
each re ear and resents 37% of the operating cost of the General Fund. At the mid-
point p
oint in the fiscal year, we are under budget and shall end the year under budget as well. We anticipate approximately $150,000 in savings from the Police department this
year. We have not yet heard what increases the County may place on our police
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contract for next fiscal year, but we are estimating the contract to increase by 2% to 3/o.
The remainin g categories ories are looking to be within their budgeted amounts.
This current Y ear the General Fund is transferring out over $2.3 million to other funds:
➢ $1,228,924 to Park Maintenance Fund
➢ $ 956,826 to Community Development Fund
➢ $ 127,655 to Lighting & Landscaping Assessment Districts
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Honorable City Council
March 18, 2009
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General Fund Summary of Savings for FY 2008109
Please note the General Fund surplus/deficit for the first six months is a negative
$90,000 {under the 2008-09 Actuals 12-31-08 column}. By the end of this current fiscal
year, the surplus is estimated to be a positive $1,516,000.
Revenues higher than budget $ 9107000
Police contract savings 149,000
Parks department savings 3747000
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Administrative Services department savings { 35,000
City Manager department savings 30,000
Other departments' savings f 181000
Total savings $ 1,516,000
The Community Development Fund is expected to finish this year with a $404,000
negative fund balance. This fund needs to increase its' fees in order to return to a
healthy fiscal condition. This fund should be paying its own way. We are projecting that
next fiscal year; this fund will show a deficit of $272,000. At a minimum, increased fees
and better time accounting should be considered to help decrease this projected deficit.
The same argument can be made for the Lighting & Landscaping Assessment Districts.
These districts should be self-supporting, with the property owners paying for the annual
cost of maintenance and operations. The General Fund and Gas Tax Fund subsidize
these districts each y ear in the amounts of $128,000 and $174,000 respectively. Each
June the City Council sets the assessments for the coming fiscal year for these
assessment districts.
Next fiscal year, the General Fund will show a decrease of over $1 million in revenue.
We will not be able to transfer $400,000 from the Traffic Safety Fund as was done in FY
2008/09. Our major revenue sources are expected to decrease next year: Property
Tax, Sales Tax, Interest Income, and VLF are all projected to decline in fiscal year
2009/10. Next year expenses will increase for the Police contract with Ventura County;
the increase for other expenses can be more easily controlled. We are currently
preparing next year's budget and will be submitting a report to Council in the near
future. We can utilize the surpluses from the last two years in the General Fund to
assist us in closing the gap in fiscal year 2009/10.
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Honorable City Council
March 18, 2009
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GENERAL FUND
Available fund balance from FY 2007/08 surplus 430,000
Fiscal Year 2008/09 surplus (estimate) 15516,000
Available fund balance FY 2008/09 1,946,000
Less: Transfer to Community Development&Parks Maintenance Funds (508,000)
Available fund balance FY 2009/10 1,43 8,000
Fiscal Year 2009110 Pro jections
Revenue decrease (1,000,000)
Decrease transfer to Parks Maintenance Fund 3005000
Increase transfer to Community Development Fund (300,000)
Police Contract 3% increase (150,000)
(151505000)
* NOTE: Pre-City Manger budget preparation and recommendation
In summary
1. Contra to information provided to City Council and City Manager, two funds,
Contrary p Y
Parks Maintenance and Community Development, ended FY 2007/08 with a
combined negative fund balance of about $508,000.
2. The General Fund ended FY 2007/2008 with $800,000 more surplus than
projected at the time the FY 2008/09 Budget was adopted.
3. General Fund Revenues for FY 2009/10 are preliminarily estimated to be
about $1 million less than FY 2008/09.
4. Estimated FY 2009/10 combined Gas Tax and TDA_ (Streets and Transit).
revenue of about $2,700,000 is $241,000 less than FY 2008/09; currently
requires over $800,000 in personnel costs with the balance for transit and
street operation costs. The $500,000 of deferred transit revenue will be spent
by 6/30/2009. This leaves little or no money for capital projects such as street
overlays.
5. The General Fund operating surplus for FY 2008/09 is projected at $1.4
million.
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Honorable City Council
March 18, 2009
Page 9
6. Based on current projected expenditure levels, without any cost reduction
measures, combined with projected General Fund decrease, the General
Fund is projected to face an approximate$1.2 million shortfall in FY 2009/10.
The department managers are well aware of the current financial situation
and their budget submittals will reflect such. In addition, all potential
expenditure reductions will be evaluated and presented to the City Council as
part of the Budget submittal in May 2009. The decline in General Fund
development,related and Transit/Streets revenue and accompanying need to
restrain spending is recognized as a multi-year concern and the proposed FY
2009/10 Budget will be presented with this in mind.
STAFF RECOMMENDATION
Receive and file report and direct staff as deemed appropriate.
Attachments:
A. Revenue & Expenditures Summary ~ Major Funds
B. Revenue & Expenditures Summary ~ Street & Transit Funds
C. General Fund Financials Summary
OOOJL33
Finance ''4212009 CITY of MOORPARK At+'^hment A
Page 1
REVENUE & EXPENDITURES SUMMARY
MAJOR FUNDS
GENERAL FUND 1000 COMMUNITY DEVELOPMENT 2200
2008-09 2008-09 2008-09 2008-09 2008-09 2008-09
2008-091 2008-09i
Original Current Actuals Projected Variance Original Current Actuals projected; Variance
Budget Budget 12-31-08 Budget Budget 12-31-08
REVENUES
TOTAL REVENUES $1592739178 $ 15,273,178 $5,734,395 $ 16,1839000 $909,822 $ 194819711 $1,481,526 $795,516 $11475,000 ($69526)
i
EXPENDITURES
City Council 138,390 1381390 515604 1347000 4,390 - - 71493 8,000 (8,000)
City Manager 111551437 171581437 5097931 11125,000 331437 -
i
Administrative Services 1,204,532 1,204,532 5601147 1,169,000 ! 357532
City Attorney 66,200 66,200 1411944 66,000 200 -
Finance 896,081 8945581 4487038 8707000 24,581 ; -
i
Community Development 110285824 110285824 37,661 11102900 (176) 1,616,425 1,616,425 1,032,951 112441000 1 3721425
Parks 410231010 45093,656 1,1391562 3136493000 4441656
Public Works 5201)746 520,746 2261871 5051000 : 15,746 2081286 2081286 1501481 234,000 (25,714) 4
Public Safety 6,238,325 6,239,180 2,471,921 6,089,000 1501180 -
Ca1PERS-OPEB Funding - - - 311000 ` (31,000) -
TOTAL EXPENDITURES $ 1592719545 $159344,546 $5,460,680 $ 14,667,000 : $677,546 $ 19824,711 $19824,711 $1,190,925 $1,486,000 $338,711
SURPLUS or (DEFICIT) $1,5169000 ($119000)
BEGINNING FUND BALANCE $3,000,000 ($392,805)
ENDING FUND BALANCE $4,516,000 ($4039805)
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Finance ^'1212009 CITY of MOORPARK At—-hment A
Page
REVENUE & EXPENDITURES SUMMARY
MAJOR FUNDS
PARKS MAINTENANCE 2400 MOORPARK REDEVELOPMENT 2902
2008-09 2008-09 2008-09 2008-09 2008-09 2008-09
Original Original Actuals 2008-09i Variance Original Original Actuals 2008-09 Variance
g g Proected'' Proected
Budget Budget 12-31-08 Budget Budget 12-31-08
REVENUES
TOTAL REVENUES $ 1,8929224 $19892,224 $336,773 $ 1,825,000 ($67,224) $132,850 $ 1329850 $65,971 $1409000 I $7,150
EXPENDITURES
i
City Council - -
City Manager - 1161913724 210661724 170161944 210251000 ' 41,724
Administrative Services - -
City Attorney - -
Finance - 32,043 32,043 13,833 251000 71043
Community Development - 224,283 2241283 1223930 2503000 ! (25,717)
Parks 118925224 119211424 723,546 1,500,000 4211424 3,000 31000
Public Works - 8381138 8385138 507730 6257000 2131138
Public Safety ± - -
CalPERS-OPEB Funding - -
TOTAL EXPENDITURES $198929224 $19921,424 $723,546 $ 1,500,000 $421,424 $2,714,188 $3,164,188 $19204,437 $2,925,000 1 $23991-88
SURPLUS or (DEFICIT) $325,000 ($21785,000)
BEGINNING FUND BALANCE ($ 115,136) ($3,021,986)
ENDING FUND BALANCE $209,864 ($5,8069986)
C
Finance "1"1212009 CITY of MOORPARK A',#°,-hment B
Page :
REVENUE & EXPENDITURES SUMMARY
STREET & TRANSPORTATION FUNDS
.........:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::.::::::::::::::::::::::::::::::::::::::::::::::::::::::::::.:::::::::::::::;:::::::::...
:.................... A
:..: :::::: ` ? 5. .: 'A1 ::::SA:: t .............................. '.........:...........................
.. ..
...................................................................
2008-09 2008-09 2008-09 2008-09! 2008-09 2008-09 2008-09 2008-091
REVENUES Original Current Actuals projected ected;
Variance Original Current Actuals Variance
Budget Budget 12-31-08 Budget Budget 12-31-08
Pro
3400 INVESTMENT EARNINGS 31,693 31,693 131)204 26,000 (5,693)
3500 GAS TAX 2106 AND 2107
4851000 4851000 1711096 400,000 (85,000)
i
3501 GAS TAX 2107.5 61,000 61000 - 65000 ! -
3502 GAS TAX 2105 230,000 2301000 841075 2001000 (30,000)
j
3510 ART 8-TRANSIT/STREETS 6553316 9263159 231,538 8891000 (37,159)
I I f
I �
3612 FTA 5307 FEDERAL GRANT '
3720 TRANSFER FROM Local Transportation 8A 1,107,970 1,107,970 - 1,108,000 30
3871 TRANSIT FARE REVENUES
f
TOTAL REVENUES $687,009 $957,852 $244,742 $915,000 ($42,852) $11828,970 $ 118289970 $255,171 $1,714,000 ($1149970)
EXPENDITURES
Salaries and Benefits 6921727 6921727 3457532 6911000 11727
Contractual Services 861800 865800 11)371 87,000 (200)
Legal 114 1,000 1 (1,000) 11200 1,200 - 1,000 j 200
Operations 2941898 294,898 1041859 2101000 845898
Capital Outlay j
Capital Improvements 5431190 604,913 511610 757000 j 529,91.3 1251)765 1201317 35834 51000 i 1151317
Overhead Charges 561753 561753 41,046 821000 I (25,247)
Cost Plan Charges 3971041 397,041 1981521 3977000 41
Transfer to Gas Tax Fund 151071970 1,1071970 - 1,108,000 (30)
r
I
Transfer to Lighting/Landscape Districts 1731787 1731787 - 174,000 1 (213)
TOTAL EXPENDITURES $11651,160 $1,712,883 $51,724 $11184,000 $528,883 $1,8289971 $1,823,523 $695,163 $11647,000 $176,523
C SURPLUS or (DEFICIT) ($2699000) $67,000
C BEGINNING FUND BALANCE $918,746 $250,419
ENDING FUND BALANCE $649,746 $317,419
Finance ''1212009 CITY of MOORPARK At'-^hment B
Page A
REVENUE & EXPENDITURES SUMMARY
STREET & TRANSPORTATION FUNDS
::::::
::::: :
:: '
.. ... ' 18
'':::�I .GRAMS.. A : ... ..
................................................................................................................................ .
2008-09 2008-09 2008-09
2008-09 2008-09 2008-09
2008-09!
Original Current Actuals 2008-09 Variance Original Current Actuals
Variance
REVENUES Projected! Projected;
Budget Budget 12-31-08 Bud et Budget 12-31-08
3400 INVESTMENT EARNINGS 611963 69963 4,197 81000 1,037 381656 387656 171401 341000 (4,656)
3500 GAS TAX 2106 AND 2107 4851000 4851)000 171,096 400,000 (85,000)
3501 GAS TAX 2107.5 61000 61000 - 65 000 -
3502 GAS TAX 2105 2301)000 230;000 841)075 200,000 (30,000)
3510 ART 8-TRANSIT/STREETS 603,379 339,784 85,766 326,000 (13,784) 11258,695 1,265,943 3171304 112151000 ; (50,943)
3612 FTA 5307 FEDERAL GRANT 172,400 172,400 - 1724)000 (400) 172,400 172,400 - 1721000 (400)
a
3720 TRANSFER FROM Local Transportation 8A 111071970 1,1071970 - 1,108,000 30
,
3871 TRANSIT FARE REVENUES 60,000 60,000 361153 66,000 61000 60,000 601000 36,153 667000 61000
TOTAL REVENUES $842,742 $579,147 $126,116 $572,000 ($7,147) $3,358,721 $3,365,969 $626,029 $3,201,000 ($164,969)
EXPENDITURES
Salaries and Benefits 1201695 1201695 60,532 121,000 (305) 813,422 813,422 4061064 8121 000 11422
;
Contractual Services 428,500 430,550 1931758 3881000 427550 5151300 5177350 1951129 4751000 ' 425350
Legal 500 500 - 11000 (500) 11700 11700 114 31)000 (1,300)
Operations 42,210 421660 16,450 331000 ' 91)660 337,108 337,558 1211309 243,000 94,558
Capital Outlay
Capital Improvements 2367695 2671567 47496 18,000 1. 2491567 9051650 9921797 59,940 981000 ' 8941797
Overhead Charges 56,753 56,753 41,046 82,000 (25,247)
Cost Plan Charges 1261917 126,917 63,459 127,000 (83) 523,958 523,958 261,980 5241000 (42)
Transfer to Gas Tax Fund 1,107,970 1,107,970 - 1,108,000 (30)
i
Transfer to Lighting/Landscape Districts 1737787 173,787 - 1741000 I (213)
TOTAL EXPENDITURES $955,517 $988,889 $338,695 $688,000 $300,889 $4,435,648 $4,525,295 $ 190859582 $3,519,000 $19006,295
SURPLUS or (DEFICIT) ($116,000) ($318,000)
C. BEGINNING FUND BALANCE $468,543 $ 1,637,708
C*) ENDING FUND BALANCE $352,543 $1,319,708
Financ,- 311212009 CITY of ' OORPARK Attr "m
ent C
Page 1 GENERAL FUND F. -.NCIALS SUMMARY
2008-09 2008-09 2008-09 2008-0
Original Current Actuals Revise
Budget Budget 12-31-08 Estimate
REVENUES
Property Taxes 393585000 393589000 212799407 69805,000
Sales Taxes 310109000 3,010,000 191279433 31100,000
Franchise Fees 1,1339500 19133,500 274,524 11210,000
Licenses&Permits 629900 62,900 32,795 67,000
Fines&Forfeitures 140,550 1405,550 94,164 179,000
Use of Money&Property 11153,333 1,153,333 231,111 150309000
Motor Vehicle In Lieu 2,9539000 21953,000 46,226 1009000
Intergovernmental-other 18,835 189835 10,871 205000
Other Revenues 253115432 253119432 1,054,929 2,3959000
Charges for Services 111319628 191315628 582,3935 1,277,000
TOTAL REVENUES $ 15,273,178 $ 1592739178 $51)7349395 $ 16,1839000
EXPENDITURES
Salaries and Benefits 41,366,285 4,314,925 113990,867 4,156,000
Contractual Services 5859775 6379135 2285077 618,000
Police 5,778,706 597789706 212809914 5,629,000
Legal 123,130 12343130 339455 1319000
Operations 29028,564 2,024,919 8719913 199699000
Capital Outlay 119700 115700 31,270 769000
Capital Improvements 63,980 1409626 24,186 99,000
Transfers 293139405 2,3139405 - 119899000
TOTAL EXPENDITURES $ 159271,545 $ 159344,546 $ 594609680 $ 1496679000
SURPLUS or (DEFICIT) 1,633 (719368) 273,715 195169000
BEGINNING FUND BALANCE 31)0009000 330009000 31)000,000 350005000
ENDING FUND BALANCE 3,001,633 2,9289632 39273,715 49516,000
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