Ordinance 2762-04 - Laserfiche WebLink

2004 Budget Adjustments Tally Sheet A 2003 sales tax collections were$227,000 above the amended budget. This amendment increases the 2004 Sales Tax Revenue budget by$120,000. Interest income is higher than budgeted due to the amount of Fund Balance. This amendment increases the Interest Income budget by$130,000. B The Police department estimates new security revenue of$50,000 not anticipated during 2004 budget development. The 2004 budget includes$500,000 in LID Guarantee Fund revenue. This amount has been updated to $600,000. In January 2003 the City issued$15 million in general obligation bonds for the Conference Center. There was$700,000 left of bond proceeds which is restricted to Capital expenditures due to IRS regulations. These funds will be used to pay for Street Improvements in Fund 119 in 2004. Therefore, Fund 119 will require$700,000 less in General Property Taxes. Property taxes budgeted in 2004 for Street Improvements will revert to the General Fund. E It has been determined that the Alley and Shoulder Maintenance function is part of the City's Drainage program. This amendment transfers the activity from the Street department to the Drainage program in the Utilities Fund 401 in the amount of$180,000,excluding vehicle transfers. F Historically,the City has a significant number of positions open at any given time. The process to replace an employee can be lengthy,and the City has deliberately slowed the process over the last few years for some positions. This amendment in the amount of$700,000 assumes that nine positions are vacant at any given time during 2004. This amendment will be redistributed later in 2004,when it is better known which departments are affected. The Street Light budget for 2004 was prepared based on 2003 activity. Since that time it has been discovered that$67,000 of electrical expenditures for Utilities were charged to the Street Light budget. This amendment reduces the 2004 budget by$67,000. H The 2004 budget includes funding for the BIA in the amount of$15,000.After the budget was developed, it was determined that the BIA has sufficient reserves to operate without new funding in 2004. It is expected that funding will be resumed in 2005. The 2004 budget includes eleven unallocated positions to be eliminated through attrition. Those positions have now been identified. This amendment adds another seven positions to be eliminated through attrition. The amount of$246,158 assumes that these positions will be identified/vacated by mid-2004 and 4th quarter 2004. This amendment will be redistributed later in 2004,when it is better known which departments are affected. The City Council department contingency budget of$75,000 is reduced by$10,000. K The Legal department M &0 budget is reduced by$35,585. Reductions include Outside legal fees, Indigent defense and travel. The Administration department budget is reduced by$184,815. M The Municipal Court budget is reduced by$27,435. N The Budget department budget is reduced by$6,900. o The Labor Relations/Human Resources budget is reduced by$38,500. The Finance Department budget is reduced by$59,956. The Planning department budget is reduced by$57,995. R The Code Compliance department budget is reduced by$117,976. s The Public Works-Engineering budget is reduced by$121,133. Tally 2004 3/30/2004 ATTACHMENT A