HomeMy WebLinkAbout8.2 Annual Budget and Financial Plan CITY OF DUBLIN
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: June 21, 1988
SUBJECT ' : PUBLIC HEARING: Adoption of 1988-89 Annual Budget &
Financial Plan
EXHIBITS ATTACHED Resolution
RECOMMENDATION Open Public Hearing
11(fic Receive Staff Presentation & Public Testimony.
Close Public Hearing
Deliberate
Adopt Resolution
FINANCIAL STATEMENT: Total recommended appropriations for all funds for
Fiscal Year 1988-89 are $24,461,855; total recommended
net expenditures for Fiscal Year 1988-89 are
$21,773,497 .
DESCRIPTION Under separate cover, Staff has provided the
recommended Preliminary Budget and Financial Plan for Fiscal Year 1988-89.
As shown on page i of that document, the City's total recommended
appropriations for Fiscal Year 1988-89 are $24,461,855. Those
appropriations are broken down as follows : Operating Budget - $10,609,849;
Debt Service Budget - $1,309,141; Capital Budget - $12 ,364,013; Internal
Services Budget - $116,050; Appropriations to Reserves - $62,802; Total
Appropriations - $24,461 ,855.
Although the recommended appropriations total $24,461,855, the City' s
anticipated net total expenditures are $21,773,497 . This difference is
attributable to the following factors :
1) The Debt Service payment for the Civic Center is required to be shown
both in the Dublin Information, Inc. , fund as well as in the City' s
Operating Budget as a lease payment ;
2 ) Those costs associated with the Internal Service Fund are also shown in
the Operating Budget in the form _ of charges to the various departmental
users of Internal Service Fund users ;.
3) In Fiscal Year 1988-89 , the Civic Center lease payment will actually be
$316 ,000, even though the City is legally required to appropriate the entire
$1,191 ,503. This difference is attributable to the fact that the gross
lease payment will be offset by interest earnings on the 1988 COP Reserve
Fund, as well as capitalized interest payments made from the Lease Payment
Fund which was established at the time of the Certificate of Participation
Issue. These funds will reduce the gross lease payment by $875,503.
4) During Fiscal Year 1988-89, the City will be spending $442,500 in General
Fund monies in order to purchase $590,000 in Federal Aid Urban Funds. The
City is required by General Accounting Principles to show both the.
expenditure of the General Fund monies in the Non-Departmental Account
within the Operating Budget , as well as show the entire $590,000 in FAU
funds in the Capital Budget.
The proposed 1988-89 Budget is funded by $15,130,961 in current revenues and
$8 ,557 ,995 in appropriations from reserves. It 's important to note that the
bulk of the requirements from reserves will be coming from the Dublin
Information, Inc. , fund which are funds generated from the 1985 and 1988
Certificate of Participation Issue.
It is Staff ' s recommendation that the City Council conduct a ' public hearing
for the purpose of receiving Staff 's presentation on the Budget ; obtaining
comments from the public on the proposed Budget; and deliberate , modify if
necessary, and adopt the attached Resolution adopting the 1988-89 Budget.
COPIES TO:
ITEM NO. R. 2
RESOLUTION NO. - 88
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
*::is***n'::::is is*is**::is*h**is**r.:*
ADOPTING A BUDGET FOR THE CITY OF DUBLIN
FOR FISCAL YEAR 1988-89
WHEREAS, the City Council of the City of Dublin is
desirous of establishing an Annual Budget and Financial Plan for
Fiscal Year 1988-89 ; and
WHEREAS , the Dublin City Council has reviewed and
considered budget documents and has received input from the
public ; and
WHEREAS, the Summary of Appropriations (Exhibit A)
attached hereto and made a part of this Resolution reflects the
1988-89 program budgets for the City of Dublin.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Dublin does hereby find, determine , declare and
resolve as follows :
1) The Dublin City Council does hereby adopt the 1988-
89 Budget for the City of Dublin, as outlined in Exhibit A.
2) The City Manager is hereby authorized to make
expenditures and appropriations in accordance with the Budget as
adopted, with the exception of those expenditures which require
prior City Council approval in accordance with adopted City
Ordinances , rules and regulations . Such approval shall be
procured as prescribed.
PASSED, APPROVED AND ADOPTED this day of June ,
1988.
AYES :
NOES :
ABSENT:
Mayor
ATTEST:
City Clerk
"EXHIBIT A"
SUMMARY OF APPROPRIATIONS
RECOMMENDED ADOPTED
PROGRAM 1988-89 1988-89
GENERAL GOVERNMENT
City Council $ 81 ,400 $
City Manager/Clerk 342, 930
Legal Services 118,700
Finance 164,950
Building Management 1, 375 ,800
Insurance 213 ,125
Elections 2,650
Non-Departmental 683,000
TOTAL-General Government $ 2 ,982 ,555 $
PUBLIC SAFETY
Police Services $ 1,903,460 $
Crossing Guards 22,950
Animal Control 43,000
Traffic Signal & Street Lighting 222,600
Disaster Preparedness 17 ,300
Fire 1 ,864,904
TOTAL-Public Safety $ 4,074,214 $
TRANSPORTATION
Public Works Administration $ 196 ,050 $
Street Maintenance 511 ,800
Street Sweeping 52 ,800
Street Tree Maintenance 90,900
Street Landscaping Maintenance 222,810
Paratransit Services 2 ,000
TOTAL-Transportation $ 1,076 360 $
HEALTH & WELFARE
Vector Control $ 20 ,500 $
TOTAL-Health & Welfare $ 20 ,500 $
CULTURE & LEISURE SERVICES
Library Service $ 110, 315 $
Recreation 556 ,090
Park Maintenance 382,200
Community Cable TV 28,500
TOTAL-Culture & Leisure Services $ 1 ,077 ,105 $
COMMUNITY DEVELOPMENT
Planning $ 725,370 $
Building & Safety 333,745
Engineering 320 ,000
TOTAL-Community Development $ 1 , 379 , 115 $
TOTAL OPERATING BUDGET $10 ,609 ,849 $
DEBT SERVICE
San Ramon Road Specific Plan
Assessment District $ 117 ,638 $
1988 Civic Center Certificates
of Participation 1 ,191 ,503
TOTAL-DEBT SERVICE BUDGET $ 1 , 309 , 141 $
CAPITAL IMPROVEMENT BUDGET
General $ 8, 336, 120 $
Community Improvements 730 ,690
Parks 887 , 333
Streets 2 ,409 ,870
TOTAL-CAPITAL IMPROVEMENT BUDGET $12 ,364,013 $
INTERNAL SERVICE FUND BUDGET $ 116 ,050 $
TOTAL EXPENDITURES-ALL FUNDS $24, 399 ,053 $
APPROPRIATIONS TO RESERVES
Measure B $ 3 ,800 $
Street Light Assessmt Dist 2 ,500
Landscape Assessmt Dist #711 600
San Ramon Rd Specific Plan
Assessmt Dist 27 ,602
Landscape Assessmt Dist #713 12 ,850
Internal Service Fund 15 ,450
Total-APPROPRIATIONS TO RESERVES $ 62 ,802 $
TOTAL 1988-89 APPROPRIATIONS $24,461 ,855 $