1996 RES R-59-96 - Laserfiche WebLink

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! � � � �f EJ � �� � � � � � � � � � � � June 18, 1996 Honorable Mayor and City Council Citizens of Coiton Introduction - The budget for FY 1996-97 represents the second year of a three-year program (Fiscal Heaith Plan) which began in FY 1995-96. One of the primary elements of the program was the implementation of the Utility Users' Tax. As the Council is aware, this tax eliminated the City's reliance on one-time, non-recurring revenues. Planned uses for the revenues from the Utility Users' Tax included creating reserves, reducing the number of furlo�ghs, repaying General Fund loans, and correcting the audit findings from the FY 1993-94 budget. The FY 1996-97 budget has been prepared based on the assumption that the Utility Users' Tax will continue through FY 1996-97 and sunset on April 30, 1998. In addition, all reference to the Sanitation and Recycling Division was eliminated from this budget (except as noted on page 2). Hiqhliqhts of the Budqet The FY 1996-97 budget is balanced in the same manner as the budget for FY 1995-96 was: it is based on recurring revenues to fund recurring expenditures. A review of the FY 1995-96 budget reveals that many of the proposed goals were achieved. The following table compares the two budgets: Two-Year Comparison - Utility Users' Tax Proposed, Actual as Proposed, Two-Year Uses FY 1995-96 of 6-30-96 FY 1996-97 Total Equipment Replacement Reserve $337,933 $280,000 $170,477 $450,477' Contingency Reserve 320,000 320,000 150,000 470,000 Repayment of Electric Loan 539,637 489,000 1,200,000 1,689,000 Furloughs � 6 days 6 days 0 days � Purchased equipment during the year out of this reserve. 2 The City Council directed the Police Depa�tment and Neighborhood Services to develop anti- gang prevention measures and programs; $400,000. However, only $179,000 will be expended FY 1995-96. Some of that amount will be covered by expenditure savings from the FY 1995-96 budget. Hiqhliqhts of Departmental Chanqes • Police Department - Continued promotion of public safety through funding of stenographers and purchase of police vehicles with funds from the Utility Users' Tax. • Fire Department - Addition of a clerk and a fire safety specialist, as well as the purchase of breathing apparatus equipment. • Community Development - Funding of $50,000 for demolition of abandoned structures and the carry-over of $30,000 for a General Plan Update. • • l�:�� ► -s;� CIVIC CENTER 650 N. LA CADENA ORIVE COITON, CAUFORNIA 92324 (909) 370-5099 (909) 37a5154 FAX ��