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HomeMy WebLinkAboutFiscal Year 2015/16 Mid-Year Budget AdjustmentsDept. ID FN 16-004 Page 1 of 3 Meeting Date: 5/2/2016 Approved 7-0 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 5/2/2016 SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Fred A. Wilson, City Manager PREPARED BY: Lori Ann Farrell Harrison, Chief Financial Officer SUBJECT: Fiscal Year 2015/16 Mid -Year Budget Adjustments Statement of Issue: The Finance Department is undergoing the mid -year budget review for the fiscal year that began on October 1, 2015. Departments have requested adjustments to their budgets to: ensure there are sufficient appropriations for essential programs; expend actual revenue that has been received in donations or restricted funds; and address facilities maintenance needs. Financial Impact: 1. A General Fund (Fund 100) budget adjustment totaling $18,000 is requested for Community Services. 2. The Fire Department is requesting a budget adjustment of $65,500 in the CUPA Fund (Fund 501). 3. The Library Services Department is requesting a budget adjustment of $50,000 in the Library Development Impact Fee Fund (Fund 229). 4. The Community Services Department is requesting to appropriate $122,000 in the Donation Fund (Fund 103). 5. The Police Department is requesting a budget adjustment in the amount of $48,300 for the Inmate Welfare Program (Fund 122). 6. The Parking Structure — Bella Terra (Fund 711) requires a minor budget adjustment of $26,000. 7. Inter -Fund Transfers (Various Funds): In addition, authorization is requested for inter -fund transfers of $48,312 between various funds. There are sufficient revenues, available cash, and/or fund balances to support the above adjustments. Recommended Action: Approve mid -year budget adjustments to the FY 2015/16 Revised Budget in the Funds and by the amounts contained in Attachment 1. Alternative Action(s): Do not approve the recommended action and direct staff accordingly. Dept. ID FN 16-004 Page 2 of 3 Meeting Date: 5/2/2016 Analysis: The FY 2015/16 Budget was adopted by the City Council on September 8, 2015, for the fiscal year beginning October 1, 2015. The Finance Department has compiled recommended budget adjustments to cover additional costs and/or provide appropriations necessary to expend funds that have been received for specific purposes. The City is experiencing a slight revenue improvement that can sufficiently cover an appropriation requested to address facilities maintenance needs in the General Fund. The Other Funds adjustments will be supported by available revenue or fund balances within each distinct Fund, as needed. General Fund (100) A General Fund budget adjustment is requested for Community Services. There is sufficient General Fund revenue to offset the requested increase of $18,000 for facilities maintenance costs of the new Senior Center in Central Park. Donation Fund (103) The HB Council on Aging donated $22,000 to -date to fund Senior Services and an additional $100,000 donation is expected this fiscal year. As a result, the Community Services Department is requesting budget appropriation of $122,000 from the Donation Fund (103) to fund various programs and services. There is no General Fund impact associated with this request Inmate Welfare Fund (122) The Police Department has maintained an Inmate Welfare Fund (122), which is authorized by California Penal Code Section 4025 to fund the benefit, education, and welfare of inmates confined within the City Jail. A budget adjustment of $48,300 is requested to fund qualified expenditures including Jail Facility maintenance. There is no General Fund impact associated with this request. Library Development Impact Fee (229) On June 18, 2012, the City Council approved Ordinance No. 3945, amending the Huntington Beach Municipal Code by adding Chapter 17.67 relating to Library Development Impact Fees. The new code allows fees collected to fund the expansion of library space and the number of library collection items. FY 2015/16 fees in the amount of $26,417 have been collected and a fund balance of $383,778 is available to date. As a result, the Library Department is requesting budget appropriation of $50,000 from the Library Development Impact Fee Fund (229) to purchase additional materials for the library collection. There is no General Fund impact associated with this request. CUPA CUPA Fund (501) in the Fire Department is requesting to appropriate funds to purchase iPads to provide fire engine personnel the ability to access hazardous materials disclosure information quickly and for use at emergency incidents. There is no General Fund impact associated with this request. Office of Business Development Funds (711) The Parking Structure — Bella Terra Fund (711) is requesting a small budget adjustment of $26,000 to reconcile the budget with the current estimated revenue projections and expenses. There is no General Fund impact associated with this request. Dept. ID FN 16-004 Page 3 of 3 Meeting Date: 5/2/2016 Inter -Fund Transfers Transfers are being requested for a total amount of $48,312 to move appropriation to the Emergency Operations Center (EOC) Fund to better track the January 2016 El Nino Storm related expenses ($19,418); to reimburse the General Fund for costs associated with the former Redevelopment Agency's unfunded pension liabilities and other reimbursable costs ($18,840); and, to transfer funds between CDBG/HOME programs to cover professional services costs ($10,054). Environmental Status: Not Applicable. Strategic Plan Goal: Enhance and Maintain Infrastructure Strengthen Economic and Financial Sustainability Enhance and Maintain Public Safety Improve City Service Delivery Attachment(s) 1. Fiscal Year 2015/16 Recommended Mid -Year Adjustments. ATTACHMENT 1 Fiscal Year 2015/16 Recommended Mid -Year Budget Adjustments Recommended Mid -Year Budget Adjustments by Fund: TRANSFERS OUT Fund No Fund Name Appropriation Dept 100 General Fund (12,997) Public Works 100 General Fund (5,831) Fire 100 General Fund (90) Human Resources 100 General Fund (500) Finance 350 RORF (18,840) Non -Departmental 1220 Home Program (10,054) City Manager (48,312) TRANSFERS IN Fund No Fund Name Appropriation Dept 100 General Fund 18,840 Non -Departmental 238 Emergency Operations Ctr 12,997 Public Works 238 Emergency Operations Ctr 5,831 Fire 238 Emergency Operations Ctr 90 Human Resources 238 Emergency Operations Ctr 500 Finance 1209 Home Program 10,054 City Manager 48,312 APPROPRIATION INCREASE Fund No Fund Name Appropriation Dept 100 General Fund 18,000 Community Services 103 Donation 122,000 Community Services 122 Inmate Welfare Fund 48,300 Police 229 LIB Development Impact Fee 50,000 Library 501 CUPA 65,500 Fire 711 Parking Structure -Bella Terra 26,000 Non -Departmental 329,800