AgdaPkt 2005-07-11 - Laserfiche WebLink

Browse Search

/6'-/ , REPORT To the Honorable Mayor and City Council From the City Manager July 11, 2005 Subject Fiscal Year 2005/06 Budget Recommendation It is recommended that the ordinance adopting the FY 2005/06 budget be introduced. Background On June 20 and 27, the City Council held budget study sessions at which the Council reviewed and conceptually approved the Recommended FY2005/06 Budget as submitted by the City Manager with the following changes: . Increase the appropriation in Community Development Services, Engineering and Construction Division, to fund a part-time traffic engineer position - $50,000 . Decrease the appropriation in Human Resources for employee development - $14,674 ~ " . Decrease the appropriation in Community Development Services, Administration, for professional services - $30,000 . The balance ($5,326) is expected to be provided from fee increases that will be submitted to the City Council for approval later this fiscal year. Corrections When publishing the FY 2005/06 document, staff overlooked updating the estimated FY 2005/06 interest income in the waterfund. The amount contained in the budget document ($24,024) is the amount estimated as of June 2004. The amount estimated as of June 2005 is $597,100. Although this is a sizable difference, this will have no impact on the rates charged for water service and will be taken into consideration when calculating the size of the next bond issue to finance the recycled water project. After the budget was submitted to Council, staff from the Parks, Recreation and Community Services Department discovered that staff had miscalculated the amount of funds available and required to finance the Human Services Financial Assistance (HSFA) program. This miscalculation arose in part from a misunderstanding of the level of funding required for Shelter Network and the amount of this funding that would be provided through the City's Community Development Block Grant (CDBG) program. As a result an additional $55,000 is needed to fund the HFSA program at the level approved on June 20.