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<br /> <br />-\ <br /> <br />REPORT <br /> <br />To the Honorable Mayor and City Council <br />From the City Manager <br /> <br />June 26, 2000 <br /> <br />Subject <br />2000-2002 Budget <br /> <br />Recommendation <br />It is recommended that the ordinance adopting the 2000/01 Budget be introduced and that <br />a motion be passed conceptually approving the 2001/02 Budget. <br /> <br />Background <br />The budget ordinance adopts by reference the 2000/01 Proposed Budget. Attached is a <br />summary of the changes to the proposed 2000/01 budget that Council directed staff to <br />make. The City Clerk has been provided with a copy of the Proposed Budget. <br /> <br />Since the budget was presented to Council on June 5, 2000, staff has been made aware <br />of the following three changes that should be made to the budget before it is adopted: <br /> <br />Capital Projects <br /> <br />1. Grants and Assessments <br />It is recommended that the County of San Mateo's contribution of $1,248,379 to the <br />Play Fields Renovation capital project be reflected in this budget. Omitting this from the <br />Proposed Budget was an oversight. The addition of this amount does not increase the <br />scope of the project, but merely includes the previously agreed upon contribution from <br />the County of San Mateo. <br /> <br />2. Sewer Fund <br />The recommended appropriation of $500,000 in 2001/02 for the EI Camino <br />Groundwater capital project in the sewer fund should be moved forward to 2000/01. <br />This change does not affect the projected ending fund balance in the sewer fund as of <br />June 30, 2002. Sufficient funds are available in 2000/01 to enable this project to be <br />brought forward one year. <br /> <br />Operations <br /> <br />1. Sewer Fund <br />The South Bayside System Authority has provided member agencies with final required <br />contributions for 2000/01 and 2001/02. The City's contribution for 2000/01 will be <br />$4,436,816 (+1.10%) versus $4,388,620 that was included in the Proposed Budget. <br />The amount for 2001/02 will be $4,658,660 (+1.10%) versus $4,608,051. These final <br />amounts were not made available until June 12, 2000. These increases will be <br />financed by increases in the sewer charges, which will be reviewed by the Utilities <br /> <br />. ~H_" ~.. lr <br />