(20)AR 022007 Mid-Year Budget 2006-07

Browse Search

$15,000 and will be more than offset by additional revenue from follow-up of the business license applications. Oe—partment Total $4,800 0 Total General Fund Appropriation Increase is $369,800 Electric Utility Electric Utility is requesting an increase of $70,000 to continue servicing the new development coming in to Colton. This additional expense in account 520-8000-8008- 3890-0107-000 and is offset bb I new revenue as noted in the revenue section of this report. 0 5!6�ial Electric Utility $70,000 Water Utility Water Utility is requesting an increase of $498,000 to complete the Mainline Replacement Project on 8 th Street. This project is funded by bond funds and will have no impact to Retained Earnings. ro-ia-I Water Utility $498,00-0] Redevelopment Agency The Agency budgeted $76,213 in its Administration Fund 886 to cover the salary and benefits of an Analyst to assist in the efforts to resolve the issues surrounding the Delhi Sands Flower Loving Fly. Throughout the course of the first half of the 2006-07 fiscal year, the needs of any assistance in resolving the issue have become further refined as the ultimate work out plan with Fish and Wildlife has been developed. Staff recommends transferring the funds from the Agency's Administration Fund to its West Valley Capital Projects Fund to allow for the use of the monies to hire consultants, as necessary, to aid in the final resolution of the Fly and issues it poses. There is no effect to the Agency budget as a result of this request however moving funds across fund lines require Council authorization. ro-tal Redevelopment Aje_n_c_y__$0] Revenue: • Mandated Cost Recovery (5750) - Unanticipated reimbursements from the State of California for Mandated services $55,000 • Prop 172 Sales Tax(5320) - Revenue received through December 31st points to higher - than -projected revenue at fiscal year end by $14,000 • Document Transfer Tax (5311) - Revenue received through December 31st points to higher -than -projected revenue at fiscal year end by $20,000 • Transient Occupancy Tax (5309) - Revenue received is higher than projected $30,000 • Property Tax in lieu of Sales Tax (5703) - The County of San Bernardino has revised its estimates for the City of Colton by $110,000 • Fireworks Fines (5550) - Revenue received is higher than projected due to aggressive enforcement $68,000 • Passport Fee (5460) - Revenue received through December 31't points to higher -than - projected revenue at fiscal year end by $7,000 • Miscellaneous Revenue (7830) - Revenue received is higher than projected from legal settlements by $75,000 • Transfers to Other Funds (8102-206) - Transfer to Childcare - To write-off the loss ($604,739) created by the Colton Cares program in fiscal years 2002-03 through 2004-05 as directed by City Auditor's.