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Home My WebLink About2010 Finance Monthly Update Reports sue- �,�rn.«_art�✓`-�,.J Council/Agency Meeting Held:_ Deferred/Continued to: Appr ve 0 ❑ Conditionally Approved ❑ Denied - TV's si tune Council Meeting Date: April 19, 2010 Department ID Number: FN 10-011 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Fred A. Wilson, City Administrator PREPARED BY: Bob Wingenroth, Director of Finance SUBJECT: Review and Accept the Finance Update for March 2010 Statement of Issue: Orally present the Monthly Finance Update for March 2010. Funding Source: Not Applicable Recommended Action: Motion to: Accept the oral Monthly Finance Update Report for March 2010 delivered by Bob Wingenroth, Director of Finance. Alternative Action(s): Deny or critique monthly report and direct staff accordingly. Analysis: Not Applicable. Environmental Status: Not Applicable. Strategic Plan Goal: 1) Maintain financial viability and our reserves 2) Improve internal and external communication Attachment(s): o ® o . 1. Item 1. - Page 1 REQUEST FOR COUNCIL ACTION MEETING DATE: 4/19/20.10 DEPARTMENT ID NUMBER: FN 10-011 Item 1. - Page 2 First o Y 2009/ 10 $190,000 -- - ---- --- - -- ---- $188,000 --- $186,000 - ---------- ------ ------ - -- --- -- ------ $184,000 ---__ ___----__-_-- $182,000 $180,000 --- — -- - - -- -----------------— -- ��,�� $178,088* $178,000 $176,000 - ------- - ------ ----- ---- - �w $172,000 - ------ - -- --- - -_ Z $170,000 __----- - - - ---_ _�- -- Revenue Expenditures * In Thousands � �� Coof 7-2&J H Sghts: o We are holding our own with revenues slightly exceeding expenditures Ei Departments doing a good job controlling expenses o More details to be presented at the May 3, 2010 Study Session ® Mid Year Budget presentation Ei We are still projecting that we will need to reduce the FY201 0/11 budget by approximately $3 million. Council/Agency Meeting Held: r� Deferred/Continued to: )(Apprd ❑ Conditionally Approved ❑ Denied � City rk s S natur e Council Meeting Date: 3/1/2010 Department ID Number: FN 10-008 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY CO L MEMBERS SUBMITTED BY: FRED A. WILSON, CITY ADMINIST R PREPARED BY: BOB WINGENROTH, DIRECTOR O INANCE SUBJECT: REVIEW AND ACCEPT THE FINANCE UPDATE FOR FEBRUARY 2010 Statement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Present the Monthly Finance Update for February 2010. Funding Source: Not Applicable. Recommended Action: Motion to: Accept the Monthly Finance Update Report for February 2010. Alternative Action(s): Deny or critique monthly report and direct staff accordingly. Analysis: Not Applicable. Strategic Plan Goal: 1) Maintain our financial reserves 2) Improve internal and external communication Environmental Status: Not Applicable. Attachment(s): o - e a ® - o e RCA ROUTING SHEET INITIATING DEPARTMENT: FINANCE SUBJECT: REVIEW AND ACCEPT THE FINANCE UPDATE FOR FEBRUARY 2010 COUNCIL MEETING DATE: March 1, 2010 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable ED Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorne ) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Ap licable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached ❑ Not Applicable Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable CF (pL/aNQTM FOR Mv M ZANG ATTAcCHN EHTS REVIEWED C RETURNED FOR A DED Administrative Staff 1 ( ) ) Deputy City Administrator (Initi F�- Gp;o City Administrator (Initial) ( ) City Clerk roPo ( ) EXPLANATION FOR RETURN OF I RCA Author: Bob Wingenroth Council/Agency Meeting Held: Deferred/Continued to: `aAp ro�ed nditi Wally proved ® Denied j City Cif rk'� tgnature Council Meeting Date: 2/1/2010 Department ID Number: FN 10-006 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY COU MEMBERS y SUBMITTED BY: FRED A. WILSON, CITY ADMINISTR PREPARED BY: BOB WINGENROTH, DIRECTOR OF FINANCE �:�' xL--'. SUBJECT: REVIEW AND ACCEPT THE FINANCE UPDATE FOR JANUARY 2010 Fstatement of Issue,Funding Source,Recommended Action,Alternative Action(s),Analysis,Environmental Status,Attachment(s) Statement of Issue: Present the Monthly Finance Update for January 2010. Funding Source: Not Applicable. Recommended Action: Motion to: Accept the Monthly Finance Update Report for January 2010. Alternative Action(s): Deny or critique monthly report and direct staff accordingly. Analysis: Not Applicable. Strategic Plan Goal: 1) Maintain our financial reserves 2) Improve internal and external communication Environmental Status: Not Applicable. Attachment(s): ® - . dfi CA ROUTING SHEET INITIATING DEPARTMENT: FINANCE SUBJECT: REVIEW AND ACCEPT THE FINANCE UPDATE FOR JANUARY 2010 COUNCIL MEETING DATE: February 1, 2010 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) Attached ❑ Not Applicable Staff Report (If applicable) Attached ❑ Not Applicable Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable EXPLANATIOH FOR MISSING ATTACHMENTS: REVIEWED RETURNED FORWARDED Administrative Staff ( ) ( ) Deputy City Administrator (Initial) ( ) ( ) City Administrator (Initial) ( ) ) City Clerk ( ) EXPLANATION FOR RETURN OF ITEM: RCA Author: Bob Wingenroth CITY OF HUNTINGTON BEACH M INTER-DEPARTMENTAL COMMUNICATION FINANCE DEPARTMENT TO: JOAN FLYNN, CITY CLERK _ FROM: BOB WINGENROTH, DIRECTOR OF FINANCE DATE: FEBRUARY 1, 2010 SUBJECT: LATE COMMUNICATION FOR THE CITY COUNCIL MEETING OF FEBRUARY 1, 2010 Attached are copies of the PowerPoint titled "City Council Budget Update, February 1, 2010" for item No. 1 — City Administrator's Report - Review and accept the Finance Update for January 2010. CITY ADMINISTRATOR'S REPORT t. (City Council[Review and accept the Finance Update for January 2010. Recommended Action: c,:ept the monthly Finance Update Repon scr January 2D10. Thank you. City Council Budget Update February 1 S 1 ► Projecting a $4 million revenue shortfall for FY 2009/10 ► Losses in triple flip revenue, So Cal Gas franchise, utility tax, interest income and parking revenue ► Departments have submitted reductions equal 2.14% of the budget in order to meet the current known shortfall of $4 million City Council 'Budget Update February 1 9 2010 ► We will present a more detailed discussion on the current budget and the Five-Year Financial Plan at the February 16, 2010 Study Session ► Five-Year Plan challenge for FY 2010/1 1 budget is $6.3 million ► Employee bargaining groups are actively working on strategies to reduce costs