HomeMy WebLinkAbout06-19-2012 ph4 2012-13 supplement to financial plancounci lacnc~acpot
Meeting De"June 19, 201 2
Item Number PH 4
CITY OF SAN LUIS OBISPO '
FROM :Katie Lichtig, City Manage r
Charles Bourbeau, Director of Finance & Information Technology
SUBJECT : ADOPTION OF 2012-13 BUDGE T
RECOMMENDATIO N
Adopt a resolution approving the 2011-13 Financial Plan Supplement and 2012-13 Budget .
DISCUSSION
Consistent with the City's two year approach to the budgetary process, the 2012-13 Budge t
presented for formal Council adoption at this time has been prepared using the 2011-13 Financial
Plan as its primary foundation . It also incorporates the analysis presented to Council as part of th e
2011-12 mid-year review on February 21, 2012 ; the enterprise fund rate reviews held on June 12,
2012 ; and other budget changes affecting 2012-13 approved by the Council since the adoption o f
the 2011-13 Financial Plan such as the Community Development Block Grant program .
A comprehensive analysis of the significant budget issues facing the City for 2012-13 along wit h
recommended supplemental appropriations are included in the Introduction (under Budget Message
and Budget Highlights)of the accompanying Preliminary 2012-13 Budget .The focus of the 2011 -
13 Financial Plan has been on achieving financial sustainability . One indication that we ar e
achieving sustainability is reflected in the fact that for the first time in many years staff is no t
recommending any reductions to balance the budget. While there are aspects to the City's
sustainability strategy that have not yet been fully implemented, as the General Fund Five Yea r
Forecast indicates, the City is on the path toward a sustainable future but with a continued need fo r
restraint and discipline.
The Preliminary 2012-13 Budget is balanced with revenues and sources projected to excee d
expenses and uses by $157,800 . The budget proposes appropriations of $96 .1 million as follows :
Governmenta l
Funds
Enterpris e
Funds Total
Operating Programs 51,705,000 29, 201,400 80,906,40 0
GIP 4,488,900 1,365,000 5,853,90 0
Debt Service 2,637,500 6,708,200 9,345,70 0
Total $58,831,400 $37,274,600 $96,106,000
PH4-1
Adoption of 2012-13 Budget Page 2
Appropriations for operating programs—day-to-day delivery of services—total $80 .9 million fo r
2012-13 summarized as follows :
O eratin 1 Pro rams :2012-1 3
Governmenta l
Funds
Enterpris e
Funds Tota l
Public Safety 24,849,000 24, 849, 00 0
Public Utilities 20,610,400 20,610,40 0
Transportation 3,267,800 4,858,900 8,126,70 0
Leisure,Cultural &
Social Services 7,199,200 7,199,20 0
Community
Development 7,458,900 7,458,90 0
General Government 8,930,100 3,732,100 12,662,20 0
Total $51,705,000 $29,201,400 $80,906,400
In summary, staff recommends approving one minor CIP project and operating program change s
with a net increase of $367,200 . Almost all of the changes are for one-time expenses . Detaile d
supporting documentation of significant operating program changes is provided in the Expenditure
Summaries part of Section D .
ATTACHMENT
Resolution approving the 2011-13 Financial Plan Supplement and adopting the 2012-13 Budge t
ENCLOSURE
Preliminary 2011-13 Financial Plan Supplement and 2012-13 Budge t
G :\Budget Folders\B . Financial Plan Supplements\2011-13 Financial Plan Supplement
2012-13 Budget\Council Agend a
Report\Council Agenda Report, Budget Adoption 2012-13 .docx
PH4-2
RESOLUTION NO .
(2012 Series)
A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN LUIS OBISP O
APPROVING THE 2011-13 FINANCIAL PLAN SUPPLEMENT AND ADOPTING TH E
2012-13 BUDGE T
WHEREAS, the City Council adopted the 2011-13 Financial Plan on June 21, 2011 ,
which established comprehensive financial and policy guidelines for fiscal years 2011-12 an d
2012-13 ;an d
WHEREAS, the 2011-13 Financial Plan included appropriations for fiscal year 2011-12 ;
and
WHEREAS, the City Council has reviewed proposed changes to the 2011-13 Financia l
Plan to be effective for fiscal year 2012-13 after holding noticed public hearings ; and
WHEREAS, the City Manager submitted the 2011-13 Financial Plan Supplement an d
Preliminary 2012-13 Budget to the City Council for their review and consideration .
NOW, THEREFORE, BE IT RESOLVED that the Council of the City of San Lui s
Obispo hereby approves the 2011-13 Financial Plan Supplement and adopts the 2012-13 Budget .
Upon motion of , seconded by and on th e
following roll call vote :
AYES :
NOES :
ABSENT :
the foregoing resolution was adopted on June 19 th , 2012 .
Mayor Jan Howell Mar x
ATTEST :
Sheryll Schroeder, Interim City Cler k
APPROVED AS TO FORM :
Christine Dietric k
Christine Dietrick, City Attorney
PH4 .3
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