The URL can be used to link to this page

Home My WebLink AboutAGENDA REPORT 2006 0118 CC REG ITEM 10KrrEM 10• K . r ACII MOORPARK CITY COUNCIL AGENDA REPORT TO: The Honorable City Council FROM: Johnny Ea, Finance Director DATE: January 4, 2006 (CC Meeting of January 18, 2006) SUBJECT: A Resolution Amending the FY 2005/2006 Budget to Fund FY 2004/05 Year -End Deficits in Certain Funds for the City's Landscaping and Lighting Assessment Districts. BACKGROUND On June 1, 2005, the City Council approved the assessments for the City's Landscaping and Lighting Districts for FY 2005/06. In the staff report accompanying that action, it was mentioned that certain Assessment District Funds were projected to show a FY 2004/05 year -end deficit. It was also mentioned that, consistent with prior year practices, when the actual FY 2004/05 year -end figures were known, staff would present to the City Council, a budget amendment approving appropriations and fund transfers to "zero -out" those deficits. DISCUSSION A. Actual FY 2004/05 Year -End Deficits Attached as Exhibit 2 (page 1) is a chart showing the Fund Activity for the Assessment District Funds for FY 2004/05. Certain of those Funds show a FY 2004/05 year -end deficit, summarized as follows: Ad-05-06 Budget Agenda Report 000105 FY 04/05 FY 04/05 Beginning Transfer In Ending Fund Balance Nov -04 Revenue Expenses Balance 2300: Street Lighting - 3100 10,648 0 227,081 257,364 (19,635) 2300: Landcaping - 3102 33,442 0 169,030 281,969 (79,497) 2305: Landscaping - Dist. 5* (4,501) 4,501 23,304 32,203 (8,899) 2307: Landscaping - Dist. 7 ** (643) 643 11,356 16,253 (4,897) 2309: Landscaping - Dist. 9 * ** (207) 207 1,354 1,372 (18) Total 38,739 5,351 432,125 589,161 (112, 946) Ad-05-06 Budget Agenda Report 000105 Honorable City Council January 18, 2006 Page 2 A.- Notes: *Dist. 5: Tierra Rejada Rd. Parkways: Peach Hill Rd to SCE Easement ** Dist. 7: Parkway North Side of Los Angeles Avenue, East of Gabbert Road * ** Dist. 9: Parkway at Condor Drive and L.A. Avenue East B. Proposed Adjustments The attached Resolution amends the FY 2005/06 Budget by appropriating funds and authorizing certain Fund transfers to off -set the above defined year -end deficits. Consistent with prior year actions, it is proposed that the street lighting deficit be funded by the Gas Tax Fund, and the deficits in the various landscaping Districts be funded 50 -50 by the General Fund and the Gas Tax Fund. Based on this funding strategy, the actions recommended by the attached Resolution are summarized as follows: To Be Transferred to: From Fiend Gas Tax Fund 2300: Street Lighting - 3100 2300: Landcaping - 3102 2305: Landscaping - Dist. 5* 2307: Landscaping - Dist. 7 ** 2309: Landscaping - Dist. 9 * ** Total Notes: *Dist 5 ** Dist 7 * ** Dist 9 $19,635 $79,497 $4,449 $2,449 $9 $106,039 From General Fund $0 $0 $4,450 $2,448 $9 $6,907 Total $19,635 $79,497 $8,899 $4,897 $18 $112,946 Tierra Rejada Rd. Parkways: Peach Hill Rd Easement US Tract 3019 and Tract 3525 Parkway North Side of Los Angeles Avenue, Gabbert Road Parkway at Condor Drive and L. A. Avenue East C. FY 2005/06 Projected Deficits to SCE East of It is anticipated that the Landscaping and Lighting Maintenance District Funds will again show a deficit at the end of FY 2005/06. FY 2005/06 Fund Activity chart is attached as Exhibit 2 (page 2). The estimated amounts are summarized as follows: Fund FY 05/06 Beginning Balance 2300- Lighting (19,635) * 2300- Landscaping (79,497) * 2305- District 5 [L -S] ** (8,899) * 2307- District 7 * ** (4,897) * 2309- District 9 * * ** (18) Total (112,946) Ad-05-06 Budget Agenda Report 000106 FY 05/06 Ending Revenue Expenses Balance 250,185 256,862 (26,312) 250,997 351,967 (180,467) 32,294 39,394 (15,999) 16,215 17,887 (6,569) 1,418 1,700 (300) 551,109 667,810 (229,647) Ad-05-06 Budget Agenda Report 000106 Honorable City Council January 18, 2006 Page 3 Note: * Offset by Fund Transfer approved by the attached Resolution. ** Dist. 5: Tierra Rejada Rd. Parkways: Peach Hill Rd to SCE Easement * *" Dist. 7: Parkway North Side of Los Angeles Avenue, East of Gabbert Road * ** Dist. 9: Parkway at Condor Drive and L. A. Avenue East It is anticipated that the actual FY 2005/06 year -end deficit will be funded by a fund transfer, similar to the one requested herein. STAFF RECOMMENDATION (Roll Call Vote) Adopt Resolution No. 2006- Attachments: Exhibit 1: Resolution Exhibit 2: FY 2004/05 Actual Fund Activity FY 2005/06 Estimated Fund Activity Ad-05-06 Budget Agenda Report 0001O7 Exhibit 1 RESOLUTION NO. 2006 - A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, AMENDING THE FY 2005/06 BUDGET TO APPROVE CERTAIN APPROPRIATIONS AND FUND TRANSFERS FROM THE GENERAL FUND RESERVES [FUND 1000] AND THE GAS TAX FUND RESERVES [FUND 2605] REQUIRED TO FUND FY 2004/05 YEAR -END DEFICITS FOR CERTAIN ASSESSMENT DISTRICT FUNDS AS DEFINED HEREIN WHEREAS, on June 15, 2005, the City Council adopted the Budget for Fiscal Year 2005/06; and WHEREAS, a staff report has been presented to the City Council requesting a budget increase in the aggregate amount of $112,946; and WHEREAS, said staff report discusses certain fund transfers approved last fiscal year and the need to adjust same; and WHEREAS, Exhibit "A ", attached hereto and made a part hereof, describes said 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. That a Budget amendment in the aggregate increase of $112,946, as more particularly described in Exhibit "A ", 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 18th day of January, 2006. Patrick Hunter, Mayor ATTEST: Deborah S. Traffenstedt, City Clerk Attachment: Exhibit'A': Appropriation and Budget Detail 000108 Resolution No. 2006 - Exhibit "A" Budget Appropriations and Fund Transfers Required to Fund FY 04/05 Year -End Deficits In Certain Assessment District Funds A. Fund Allocation Fund No. Fund Name Amount 1000.5500 General Fund $ 6,907 2605.5500 Gas Tax Fund $106,039 $0 Total $112,946 B. FY 05/06 Budget Appropriation: BUDGET NUMBER BUDGETED REVISION NEW BUDGET From: 1000.7900.0000.9820 $0 $ 6,907 $ 6,907 2605.7900.0000.9820 $0 106 039 106 039 Sub -Total $112,946 $112,946 To: 2300.3720-Lighting $0 $ 19,635 $ 19,635 2300.3720-Landscaping $0 $ 79,497 $ 79,497 2305.3720-Landscaping $0 $ 8,899 $ 8,899 2307.3720-Landscaping $0 $ 4,897 $ 4,897 2309.3720-Landscaping $0 18 18 Sub -Total $112,946 $112,946 Approved as to form: 000109 C F.l 0 Exhibit 2 Landscape / Lighting Page 1 Assessment Districts [File: adfunds] Fund Activity: FY04 /05 1/5/2006 ACTUAL [JUNE 05] Beginning Rev. Assmnt Transfers In JE #3157 Interest & Total Exp. Total Available Less Ending Fund Description Balance Code Levy Rev #3720 Adj to 3720 Other Revenue Code Expenses Less Expenses Reserve Balance 2300 Lighting 3,333 (19,635) 0 (19,635) 3100 226,568 21,865 513 248,946 8901 250,049 Improvements 7,315 7,315 0 0 0 Landscaping 33,442 3102 167,607 1,423 169,030 7901 &7902 281,969 (79,497) 0 (79,497) 394,175 0 21,865 1,936 417,976 (99,132) 0 (99,132) 44,090 539,333 2301 Dist 1: T -2851 21,127 3102 1,009 < 542 1,550 7901 4,385 18,293 (18,293) 0 2302 Dist 2: US [T2865] 115,678 3102 72,161 2,873 75,034 7901 66,729 123,984 (123,984) 0 Dist 2: Drains 6,323 3103 1,395 3 1,398 8902 321 7,400 (7,400) 0 73,556 0 0 2,876 76,432 131,384 (131,384) 122,001 67,050 0 2303 Dist 3: T -3032 3,320 3102 3,067 80 3,147 7901 3,533 2,935 (2,935) 0 2304 Dist 4: T -3274 3,572 3102 6,359 100 6,459 7901 5,582 4,448 (4,448) 0 2305 Dist 5: US [T3019 & 3525] (4,501) 3102 23,250 > 4,501 197 53 28,002 7901 32,203 (8,899) 0 (8,899) Dist 5: Drains 1,524 3103 498 1 499 8902 321 1,702 (1,702) 0 28,501 (7,197) (1,702) (8,899) (2,977) 23,749 4,501 197 54 32,524 2306 Dist 6: T -3306 989 3102 920 291 1,211 7901 1,028 1,172 (1,172) 0 2307 Dist 7: NE LA & Gabbert (643) 3102 11,330 > 643 (441) 26 11,558 7901 16,253 (4,897) 0 (4,897) 2308 Dist 8: Buffer 14,702 3102 15,185 357 15,542 7901 13,976 16,268 (16,268) 0 2309 Dist 9: Condor (207) 3102 1,351 > 207 197 3 1,758 7901 1,372 (18) 0 (18) 2310 Dist 10: PC -3: US 36,697 3102 193,535 2,936 196,471 7901 206,744 26,424 (26,424) 0 Dist 10: Drains 30,145 3103 7,224 68 7,292 8902 3,860 33,577 (33,577) 0 203,763 60,001 (60,001) 0 66,842 200,759 0 0 3,004 210,604 2311 Dist 11: T 4174 6,209 3102 303 < 119 422 7901 1,153 5,478 (5,478) 0 2312 Dist 12: Calrsberg 537,921 3102 24,406 < 11,258 35,663 7901 125,107 448,477 (448,477) 0 2313 Dist 13: Unassigned 0 3102 0 0 0 7901 0 0 0 0 Sub -Total AD 84 -2 816,946 756,167 5,351 21,818 20,646 803,981 1,021,899 577,211 (690,157) (112,946) 2314 Dist 14: T -5201 [Wilshire] 1,809 3102 1,268 44 1,313 7901 936 2,186 (2,186) 0 2315 Dist 15: T4928 [Toll] 1,440,876 3102 49,558 < 30,665 80,223 7901 0 1,521,099 (1,521,099) 0 2316 D -16: T -5161 [Cabrillo] US 24,839 3102 10,690 < 745 11,435 7901 0 36,274 (36,274) 0 Dist 16: Drains 30,574 3103 4,077 < 354 4,431 8902 0 35,005 (35,005) 0 55,413 0 14,767 0 0 1,099 15,866 71,279 (71,279) 0 2317 Unassigned 0 0 0 0 0 0 0 0 2318 D -18: T -5307 [Flory] US 5,038 3102 12,738 116 12,854 7901 0 17,892 (17,892) 0 Dist 18: Drains 0 3103 4,376 39 4,415 8902 0 4,415 (4,415) 0 17,114 0 0 155 17,269 22,307 (22,307) 0 5,038 0 2319 Z -19: M &M Development 0 3102 3,200 28 3,228 7901 0 3,228 (3,228) 0 2320 Unassigned 0 0 0 0 0 0 0 0 2322 Dist 22: Pardee Homes 0 3107 5,000 16 5,016 7901 0 5,016 (5,016) 0 0 0 0 44 8,244 8,244 (8,244) 0 0 0 Total 2,320,082 1,022,834 847,074 5,351 21,818 52,653 926,896 2,202,326 (2,202,326) (112,946) Actual Transfer > Transfer January 2006 1 January 2006 < Levy Amount Less Than Assessment Amount Q u� r Exhibit 2 Landscape / Lighting Page 2 Assessment Districts [File: adfunds] Fund Activity: FY05 /06 1/4/2006 Estimate as of 12/30/05 Beginning Rev. Assmnt Transfers In Total Exp. Total Available Less Ending Fund Description Balance Code Levy Rev #3720 Interest Revenue Code Expenses Less Expenses Reserve Balance 250,185 8901 256,862 (26,312) 0 (26,312) 2300 Lighting (19,635) 3100 230,000 > 19,635 550 Improvements 0 0 0 0 Landscaping (79,497) 3102 170,000 > 79,497 1,500 250,997 7901 & 7902 351,967 (180,467) 0 (180,467) (99,132) 400,000 99,132 2,050 608,829 501,182 (206,779) 0 (206,779) 2301 Dist 1: T -2851 18,293 3102 2,204 < 795 2,999 7901 5,323 15,969 (15,969) 0 2302 Dist 2: US [T2865] 123,984 3102 72,439 3,300 75,739 7901 71,461 128,262 (128,262) 0 Dist 2: Drains 7,400 3103 1,400 12 1,412 8902 371 8,441 (8,441) 0 77,151 136,703 (136,703) 0 131,384 73,839 0 3,312 71,832 2303 Dist 3: T -3032 2,935 3102 3,079 132 3,211 7901 3,873 2,273 (2,273) 0 2304 Dist 4: T -3274 4,448 3102 6,383 132 6,515 7901 6,843 4,120 (4,120) 0 2305 Dist 5: US [T3019 & 3525] (8,899) 3102 23,340 > 8,899 55 32,294 7901 39,394 (15,999) 0 (15,999) Dist 5: Drains 1,702 3103 500 1 501 8902 371 1,832 (1,832) 0 (7,197) 23,840 8,899 56 39,765 32,795 (14,167) (1,832) (15,999) 2306 Dist 6: T -3306 1,172 3102 924 132 1,056 7901 1,430 798 (798) 0 2307 Dist 7: NE LA & Gabbert (4,897) 3102 11,298 > 4,897 20 16,215 7901 17,887 (6,569) 0 (6,569) 2308 Dist 8: Buffer 16,268 3102 15,243 397 15,640 7901 21,422 10,486 (10,486) 0 2309 Dist 9: Condor (18) 3102 1,356 > 18 44 1,418 7901 1,700 (300) 0 (300) 2310 Dist 10: PC -3: US 26,424 3102 194,280 2,799 197,079 7901 223,503 (0) 0 (0) Dist 10 Drains 33,577 3103 725 2 727 8902 4,446 29,858 (29,858) 0 60,001 195,005 0 2,801 197,806 227,949 29,858 (29,858) (0) 2311 Dist 11: T 4174 5,478 3102 966 < 132 1,098 7901 1,644 4,932 (4,932) 0 2312 Dist 12: Carlsberg 448,477 3102 39,272 < 14,443 53,715 7901 125,548 376,644 (376,644) 0 2313 Unassigned 0 3102 0 0 0 7901 0 0 0 0 910,801 353,967 (583,615) (229,647) Sub -Total AD 84 -2 577,211 773,409 112,946 24,446 1,134,045 2314 Dist 14 T -5201 [Wilshire] 2,186 3102 1,295 44 1,339 7901 940 2,585 (2,585) 0 2315 Dist 15: T4928 [Toll] 1,521,099 3102 50,576 < 37,897 88,473 7901 0 1,609,572 (1,609,572) 0 2316 D -16: T -5161 [Cabrillo] US 36,274 3102 1,448 < 1,320 2,768 7901 8,000 31,042 (31,042) 0 Dist 16: Drains 35,005 3103 777 5 782 8902 0 35,787 (35,787) 0 71,279 2,225 0 1,325 3,550 8,000 66,829 (66,829) 0 2317 Unassigned 0 0 0 0 0 0 0 0 2318 D -18: T -5307 [Flory] US 17,892 3102 14,772 300 15,072 7901 10,000 22,964 (22,964) 0 Dist 18: Drains 4,415 3103 507 50 557 8902 0 4,972 (4,972) 0 15,629 27,936 (27,936) 0 22,307 15,279 350 10,000 2319 Dist 19: M &M 3,228 3102 (3,328) 100 (3,228) 7901 0 0 (0) 0 2320 Dist 20: Lyon Track#51871 0 1,200 0 1,200 300 900 (900) 0 2322 Dist 22 Pardee Track #504 5,016 3107 0 100 100 357 4,759 (4,759) 0 Total 2,202,326 840,656 112,946 64,262 1,153,642 1,017,864 2,066,548 (2,296,196) (229,647) Est Transfer > Transfer Nov 2006 Nov 2006 < Levy Amount Less Than Assessment Amount