AR-Budget 2001-2003 - Laserfiche WebLink

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Item #24 CITY OF COLTON AGENDA REPORT FOR CITY COUNCIL MEETING OF AUGUST 7, 2001 TO: HONORABLE MAYOR AND MEMBERS IF THE CITY COUNCIL FROM: DILU DE ALWIS, ACTING FINANCE DIRECTOR U SUBJECT: AMMENDING THE BUDGET FOR THE CITY OF COLTON, APPROVE AND ADOPT A RESOLUTION REGARDING THE BUDGET FOR FISCAL YEAR BEGINNING JULY 1, 2001 AND ENDING JUNE 30, 2003 DATE: July 30, 2001 BACKGROUND On June 19, 2001 the City Council approved the two-year budget starting July 1, 2001 and ending June 30, 2003. At the staff presentation of this item, the City Council was informed that staff would return with budget changes as necessary on July 17'h and August 7, 2001, before the final document was prepared. DISCUSSION/ ANALYSIS During two previous City Council Workshops with the City Manager, the Council had requested staff to look into increasing the level of services in the Parks, Recreation and Family Services Department, to cover weekend use of the City facilities. Along with this request, staff has evaluated the availability of funds for the ongoing labor negotiations with SBPEA — General, Management/Confidential and Executive Units. There are limited resources to draw from, to meet the demands on the General Fund for the increased services as well as labor negotiations. The following analysis provides a sources and uses of the funds in the General Fund. FY 2001/02 1 1 FY 2002/03 Sources and Uses of Funds Est. Revenue $ 21,118,574 $ 21,853,019 Est. Appropriations (21,092,074) (21,543,018) Projected Surplus $ 26,500 $ 310,001 PERS Set-aside - Not Needed 370,000 100,000 Salary Savings from Reorganization 165,000 165,000 $ 561,500 $ 575,001 Additional Staff: Parks, Recreation & Family Services (142,800) (149,940) Labor Negotiations: Labor Negotiations Reserve (349,506) (417,972) Contribution to Reserve Fund $ 69,194 $ 7,089 Item #24