1998 AGN MAY 05 I02 - Laserfiche WebLink

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C�J CITY OF COLTON AGENDA REPORT For Council Meeting of June 17, 1997 TO: Honorable Mayor and Councilmembers APPROVAL: Gracie. Fernandez Harmon, Acting City Manager FROM: Anna A. Vega, Finance DirectoQ.- SUBJECT: Resolution Amending the 1996-97 Amended Budget Increasing the Cemetery and Police Appropriations. DATE: June 10, 1997 BACKGROUND: The City Council approved the Cemetery revenue and appropriations on June 20, 1996 for the 1996-97 fiscal year. Additionally, the police_ appropriations were approved and amendments to the budget were made and approved on February 18. However, it is now necessary to amend both the Cemetery and the Police appropriations, DISCUSSIONIANALYSIS: It is projected that the Cemetery will exceed the appropriations for fiscal year 1996-97 by 535,000. This is due to revenues not meeting the initial projections. Revenues were estimated in the amount of S161,581 plus a general fund loan of $25,989. As of May 1997, $116,098 has been received with an estimate of 53,400 for June. The annual appropriations were 5173,318. As of May, 5160,712 has been expended. It is anticipated that they will be within their allowed appropriations. However, in order for the Cemetery to operate for the balance of the fiscal year, an additional loan must be made in the amount of 535,000. In addition, it is projected that the Police Department will exceed fiscal year 1996-97 authorized appropriations by 5416,500. This is due to prior years booking fee payment being made in the amount of 5251,500 and overtime being exceeded by 5165,000. The prior booking fee costs due to the County currently total approximately 5500,000. These funds were budgeted in prior fiscal years, however payments were not made due to the pending lawsuit with the County and Cities. This has been settled and payments are now due and payable. The balance of the funds due the County for booking fees is expected be paid over the next two fiscal years. The additional overtime usage of $140,000 is due to comp -time buy back as provided in the City's MOU. Although this has always been paid, this benefit was not appropriately budgeted for in prior years. The remaining 525,000 of overtime costs represent expenses incurred over and above the current budget. ALTERNATIVES: None. FINANCIAL IMPACT: Use General Fund reserves to fund a loan of $35,000 to the Cemetery Enterprise and increase the Police Department's budge' appropriations in the amount of 5416,500. ENVIRONMENTAL IMPACT: None. RECOMMENDATION: Adept resolution amending the fiscal year 1996-97 Budget for the Cemetery Enterprise and Police Depa,'.ment. Attachment Item No. 10