1991 AGN NOV 05 I18 - Laserfiche WebLink

Browse Search

CITY OF COLTON AGENDA REPORT For Council Meeting of November 5, 1991 TO: Honorable Mayor and City Council ; FROM: Leslie Keane Stratton, City Manager SUBJECT: Date: 10/31/91 Adoption of Fiscal Year 1991-92 Budget Resolutions BACKGROUND: At Council's June 25, 1991 meeting, you adopted a resolution which allowed the City to continue all existing Fund operations into Fiscal Year 1991-92 on a temporary basis. During the months of September and October, we held a series of budget workshops to discuss the City's financial status and the proposed 1991-92 budget. With the exception of the Water and Sewer Utility and the Traffic Fee Funds, Council has given tentative approval to a proposed budget. Budgets for these remaining Funds will be presented for Council consideration in late November. DISCUSSION• The City enters Fiscal Year 1991-92 with a $2.2 million shortfall in the General Fund, a $88,000 shortfall in the Sanitation Fund and a small positive balance in the Cemetery Fund. The Electric Utility Fund has sufficient reserves, most of which, however, has been loaned to other Funds. Current year revenue estimates a total of $40.9 million, which includes $16 million to the General Fund, $18.2 million to the Electric Fund, $2 million to the Sanitation Fund, $299,000 to the Cemetery Fund and $4.4 million in special Funds. The proposed City budget totals $43,300,641 -- $40.7 million of which is for operations and $2.6 million for capital improvements. These figures represent a balanced budget for the operation of all Funds. The General Fund budget is balanced with a $2.5 million two year loan from the Sewer Development Fund. The proposed budget includes 368 full time positions, an addition of nine positions over the approved Fiscal Year 1990-91 allocation. All new positions are in the Public Works Department and represent the upgrade of regular part-time positions to full-time status, one in Building Maintenance Division, two in the Recycling Program, and six in the Refuse Collection Division. These numbers include current employee authorizations for the Water and Sewer programs. The proposed budget also contains the upgrade of three existing firefighter positions to paramedics to allow for this service at Fire Station No. 3, and the Attachments: Page 1 of_ _ 2— Item No. CENTRAL RECORDS FILENO...................................,.�