Loading...
HomeMy WebLinkAbout01- Finance CITY "OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION From: BARBARA PACHON, Subject: Mid-Year Budget Review DIRECTOR OF FINANCE Fiscal Year 1998-1999 Dept: FINANCE ORIGINAL Date: February 18, 1999 Synopsis of Previous Council action: 7/6/98 - Resolution 98-198 Approving and Adopting the Final Budget for PY 1998-1999. q ReCOrdat r av6ms�II4^ Recommended motion: re Ayenoa lten, City ClerkICDC Secy City u( Jau tiamardiflo That the Mayor and Common Council receive and file the FY 1998-99 Mid-Year Budget Report. signature Contact person: Barbara Pachon. Director of Finance Phone: x - 5242 Supporting data attached: Staff Report Mid-Year Budget Report Ward: FUNDING REQUIREMENTS: Amount: N/A Source: (Acct No.) N/A (Acct Description) Finance: Council Notes: Agenda Item No.. 12_ -99 CITY OF SAN BERNARDINO - REQUEST FOR COUNCIL ACTION FY 98-99 MID-YEAR BUDGET REVIEW STAFF REPORT INTRODUCTION Attached is the Mid-Year Budget Analysis. This report is designed to keep the Mayor and Council informed of the current financial position of the City and to provide an early indication of the upcoming fiscal year budget outlook. Each year in January, the City Administrator's Office and the Finance Department, as well as individual departments, review revenues and expenditures for the first half of the fiscal year to determine if actuals are on target with projections, or if there is a savings or shortfall from original projections. The attached report includes updated projections with a detailed analysis of the General Fund as well as a summary review of other operating funds. For easy reference, each page of the Mid-Year Budget Review has been color coded. FUND BALANCE The Summary of Revenues, Expenditures, and Transfers (blue report) provides a summary overview of all the major funds in the City. The first column of numbers provides the audited beginning fund balance for each fund. The last column of numbers on this report indicates the estimated balance for each fund at 6/30/99. General Fund Balance - The actual FY 98-99 beginning General Fund Balance is $4,655,330. Included in this amount are the FY 97-98 General Fund continuing appropriations, encumbrance, and revenue carryovers in the net amount of$232,000. The revised estimate for the FY 98-99 ending fund balance is $1,083,000. This means that our goal of budgeting a reserve of $2,500,000 is short $1,417,000. This shortage is due to a number of factors including: a revenue shortfall of$358,800 (General Fund and Animal Control Fund); expenditures savings ("vacancy factor") are expected to be $975,400 lower than projected; and there was a net increase in appropriations of$82,800 during the first six months of the fiscal year. These factors are discussed in greater detail in their respective sections below. Other Fund Balances-Although Refuse is projected to have expenditure savings and additional revenues, the Refuse Fund overall will experience a deficit this year. This is due to the Refuse rate increase not going into effect until three months into the fiscal year. Additionally, the Refuse Department had a number of final lease payments to make this year that they will not have to budget for next year. It is anticipated that this deficit will be eliminated next year with a full year of revenues at the new rate and less expenditures for lease payments. The Stadium Fund is projected to have a deficit of approximately $787,000 at 6/30/99. Expenditures have increased due to the recent contract with a marketing firm to market and manage the stadium, and increased electric costs. Revenues have been conservatively estimated to be approximately $22,386 higher than last year, but still below budgeted amounts. Additional revenue that might be generated by the new stadium management firm has not been included in estimates. REVENUES General Fund Revenues-The Estimated Revenues and Expenditures General Fund report (pink report) provides a summary of the General Fund revenue estimates by category. The estimated General Fund revenues are projected to be $450,100 lower than originally budgeted. The yellow report provides a detailed analysis of the projected General Fund Revenues. As the Mayor and Council is aware, there is expected to be a shortfall in Utility User's Tax revenue of approximately $675,700. Known factors such as electric rate reductions and the decrease in the City's Utility User's Tax rate have already been factored into projections. Preliminary investigative staff work indicates that there may be problems with the way utility companies are billing and collecting the utility tax. Accordingly, the City has contracted with a consulting firm that has experience auditing utility user's tax revenue. Subpoenas allowing the City to review billing records of certain utility companies have already been obtained. Staff will keep the Mayor and Council updated on the progress of the audit as it continues. Sales tax is estimated to be on target, with only a slight .35% increase over budget for a total of$21,550,000. Business Registration Revenue is expected to be $120,000 less than budgeted, but this reduction will be offset by an expected increase of$79,000 in Transient Occupancy Tax. The Police Department projects that, combined, the towing franchise and release fees established during the FY 98-99 budget process will actually be 6% higher than budgeted for an additional $22,700. This will offset the $49,000 shortfall that is expected in false alarm fee revenues. Other Funds - The Special Revenue Funds Revenue Report (green report) provides a detailed analysis of all the other funds' projected revenues. In general, the revenue projections for the majority of the other funds are on target with the exception of the following: Refuse and Asset Forfeiture are expected to exceed budgeted projections; Animal Control and the Baseball Stadium are projected to have revenues lower than originally budgeted. Refuse budgeted revenues conservatively because at the time the budget was prepared, the Mayor and Council had not yet approved the rate increase. The Asset Forfeiture Fund received additional revenues due the unanticipated resolution of some older forfeiture cases that were pending. Animal Control's revenue shortfall is attributed primarily to the delay in hiring part-time employees for the licensing canvassing program. These positions should be filled by the end of the month. Although revenues for the Baseball Stadium are conservatively estimated to be lower than budgeted, they are still expected to increase over last year's amount by approximately $22,386. EXPENDITURES AND THE VACANCY FACTOR General Fund Expenditures - The Estimated Revenues and Expenditures General Fund report (pink report) provides a list by department of the estimated General Fund expenditures. It is projected there will be an estimated expenditure savings in the General Fund of $2,032,100. Savings from Animal Control, CATV and the Library (these funds are subsidized by the General Fund through transfers) total $95,200. Combined, total expenditure savings are projected to be $2,124,600. This is $975,400(30%) short of the target expenditure savings goal of$3,100,000. The report entitled Comparison of FY 1998-99 Mid-Year Expenditure Savings to Vacancy Factor Goals (peach report) gives a breakdown of the vacancy factor by department. The Mayor's Office, Council Office, Finance Department, City Administrator's Office, Code Compliance, Human Resources, Police Department, Parks and Recreation, Animal Control, Facilities Management, and Code Compliance have all met or exceeded their target goal amounts. However, at this time it is projected that the following departments will not be able to meet their target goal amounts: Library, CATV, Public Services, Development Services, Civil Service, City Clerk, and City Attorney. As was discussed during the budget process, each department was directed to try and achieve the target goal amount of expenditure savings assigned to them. The target amounts were based on previous years' history of expenditure savings. Generally, the majority of expenditure savings is based on staff vacancies. Departments with a large number of vacancies were able to achieve their level of expenditure savings. Departments with fewer vacancies were not able to meet their goals. The Fire Department cannot meet its target goal of $200,000 and it appears that they will exceed their budget by $267,100 due to the use of a high level of overtime to meet constant manning requirements. General Government is expected to exceed budget by $351,600. However, this is due primarily to a change in the way the Tax Anticipation Revenue Note (TRAN) has been booked. Although the TRAN expenditure has increased by $350,000, the interest premium revenue from the TRAN has also increased by approximately $350,000, so the net effect on the General Fund is zero (see yellow report - General Fund Revenue Report). Other Funds - Estimated expenditures for other funds can be found summarized on the Summary of Revenues, Expenditures, and Transfers Report (blue report). In general, expenditures for all other funds are on target or lower than budgeted with the exception of the Baseball Stadium. Due primarily to an increase in electric costs, it is projected that the Baseball Stadium will exceed budgeted amounts by $44,800. TRANSFERS The final set of reports, Transfers In and Transfers Out (purple report) provides the revised estimates for each transfer. As indicated by the report, transfers are generally on target with the following exceptions: the transfer to the Animal Control Fund from the General Fund was increased by $45,700 to cover the fund's net shortfall; the transfer to the Library Fund from the General Fund was decreased by the amount of expenditure savings the Library is projected to reach towards its vacancy factor goal; and, because traffic safety revenues increased due to new legislation implemented last year, $250,000 additional revenue was transferred from the Traffic Safety Fund to the General Fund. RECOMMENDATION Staff recommends that the Mid-Year Budget Report be received and filed. ~ A C z m m D C D m m m fA N T + N D D � O A D O r 0 r O 3 D m po y N v z A D D m D m y r m D m m x D y m M o > M T n �+ n DDZ 7 7 m mr m '� m r m - 3 v c z p 3 z m r y m m o D m m D M N m m-q 0 n r n 0 D m A p O V 41 m z r CO A ? n r n °,° �,zj m y m < m v < r m < y O n m O r z T y N 0 0 r A G W z < z r � xcnZO 0 —, Z 0 ym mrTyz � > FocaT m c c * D ti m O n O A N m D 'i 3 r m m D < C m < m z c r y 3 p m m z m CCi w x c r p D o N D O O y c y c o 0 A m N z O p O m D m C i W X r z 1 m ;a z z0 O` m O --ii m Iris x C z -i z N m �' p0 y m N r 3 c n z w C Z m 0 i z z m p 3 cin cOmizz c X O Z -q n z m z < 1 N N O 3 a 1D N A U N W A D O U 6l U U U U V t0 tO OI V V W V O A W U fD N N Of tU U N U r + GO V W N W N O V Oo Oo O C W O O V O A N A fV iO OI N W W 'a O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 0 0 O O O O O O O O O O O O O O O O O O O O f) R + N + V 9 + O A U + + W U O OI O N j O O O A Cl N U A U l0 O j W T V N O Ol O V O Of W A O N Of O O 0 0 0 0 0 0 0 0 0 0 0 O O O O O O O O O O O O O O O O O O O O I O �y n W pp N V 2 O D � { OAO N V fVl� A A m O r O �' i m C O m y 0 0 n N D 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 D m z r co a y < m m m m A N A + W U W U A N W A R > D O D t0 W W N O U N N W fp U U T OJ W 01 U U l0 1p m m m w w m O c r A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 o m 0 O D z N W U V U t0 U m tp O U O Ip O j V N N U O O W N N A U W A N Ol O O t0 O O N W U U ID l0 y C O D y p O cn D i m V + O N O U j O fD U N CO O� O V + O O O O Ip N O V O + N U + U 0 0 0 0 0 0 0 0 0 0 0 0 0 0 .1m 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O y N + l0 A + N W N N O Tt: O W A N N OI A U W A N W O tp O N O OD tp A A OI t0 b OJ '-1 U + U 0 0 + + U + + O W fD O b OD O J + A O J A O V V OD Q r 0 0 0 0 0 0 0 0 0 0 0 O O O O O O O O 0 0 0 0 0 0 0 O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O rzii z m V A N W A N O� V U N N U OJ V O U W N A A tD O� W U A O W Of O O V N + Q� A + V (n A 0 0 ip O b O V O U O O1 N IV N O A G � Z ty*1 O O O O 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O n 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 O m o p 3 0 -4 m m m z D D z z rn r (rj� W z D r a M -1 [ > y 47 m < _ z m A m m O i p ti 3 T m z n < z m z m r z D 3 m O c c < m z o z a y 9 n C C y CO mO z o z m z < < D A m c N R y m m O p m 3 z z z 0 y L N N V + N N V N tp m a 0 0 0 0 0 0 0 0 0 R Omi Ol ONO N A N N O A A W W C7 O m � a j ti o m m < < w z z O W m i m C m u A y m y 0 0 0 0 0 0 0 0 0 Z n y a a m z „ x m w a w w m w A z a D z z A ao A Of N A N N W W m N jD m C�'1 a0 1 .a N N A N V W N O A C O O 0 0 0 0 0 0 0 m m 0 to I b y k ° a b b z N z N N N A j 0 ' y A Ol W N W V O N O N O CO N W W N N I z 0 0 0 0 0 0 0 0 0 y l 0 y O 0 0 0 0 0 0 0 0 0 m A m D 2 y z N O T u m o m o p c o °o 00 °0 00 0 0 0 0 0 0 0 0 0 V N N N W V N N ^ Q y DD W O) OI + y V W ril > A 00 O m N W d N N a O 0 0 0 0 0 0 0 0 2 O 0 0 0 0 0 0 0 0 y C m OI V Of A Of W + + Wp W a O N A O + fmO W b V ,O > 00 W V V V N 00 W O Z ['�1 O 0 0 0 0 0 0 0 0 n 0 O 0 0 0 0 0 0 0 0 m CITY OF SAN BERNARDINO ESTIMATED REVENUES AND EXPENDITURES MIDYEAR FISCAL YEAR 1998-1999 GENERALFUND VARIANCE FY 1998-99 FY 1998-99 FAVORABLE/ BUDGET MIDYR EST (UNFAVORABLE) ESTIMATED REVENUE: Property Taxes $ 7,110,000 $ 7,185,000 $ 75,000 Other Taxes 41,063,900 40,624,900 (439,000) Licenses& Permits 5,171,600 5,140,300 (31,300) Fines and Penalties 576,000 575,000 (1,000) Use of Money&Property 1,287,000 1,612,000 325,000 Intergovernmental 11,504,500 11,427,400 (77,100) Charges for Services 2,787,700 2,690,300 (97,400) Miscellaneous 3,055,700 2,851,400 (204,300) Total Estimated Revenues $ 72,556,400 $ 72,106,300 $ (450,100) TOTAL TRANSFERS IN: $ 6,835,400 $ 7,000,200 $ 164,800 TOTAL ESTIMATED FUNDS AVAILABLE: $ 79,391,800 $ 79,106,500 $ (285,300) ESTIMATED EXPENDITURES: Mayor $ 586,700 $ 561,100 $ 25,600 Common Council 363,300 356,200 7,100 City Clerk 860,300 838,800 21,500 City Treasurer 19,300 19,300 - City Attorney 1,863,000 1,788,300 74,700 Code Compliance 2,919,700 2,709,800 209,900 General Government 1,736,700 2,088,300 (351,600) City Administrator 492,200 422,100 70,100 Human Resources 366,100 345,100 21,000 Finance 1,212,200 1,069,200 143,000 Civil Service 291,000 283,100 7,900 Development Services 6,453,300 6,097,900 355,400 Fire 17,401,100 17,668,200 (267,100) Police 36,442,400 35,308,300 1,134,100 Facilities Management 3,060,100 2,868,100 192,000 Parks, Recreation, &Comm Service 4,821,600 4,616,600 205,000 Public Services 2,651,400 2,467,900 183,500 Total Estimated Expenditures $ 81,540,400 $ 79,508,300 $ 2,032,100 Estimated Vacancy Factor Savings $ (3,100,000) $ - $ (3,100,000) TOTAL TRANSFERS OUT: $ 3,189,500 $ 3,170,500 $ 19,000 TOTAL ESTIMATED DEDUCTIONS: $ 81,629,900 $ 82,678,800 $ (1,048,900) EXCESS /(DEFICIENCY) OF AVAILABLE OVER DEDUCTIONS $ (2,238,100) $ (3,572,300) $ (1,334,200) BEGINNING FUND BALANCE 7-1-98 $ 4,655,300 $ 4,655,300 $ - ESTIMATED ENDING BALANCE $ 2,417,200 $ 1,083,000 $ (1,334,200) BUDGETED RESERVE $ 2,417,200 $ 1,083,000 $ (1,334,200) ESTIMATED FUND BALANCE 630-99: $ - $ - $ COMPARISON OF FY 1998-1999 MID-YEAR EXPENDITURE SAVINGS TO VACANCY FACTOR GOALS GOAL OVER/(UNDER) DEPARTMENT REVISED TARGET VACANCYFACTOR MAYOR 25,600 25,000 600 COMMON COUNCIL 7,100 7,000 100 CITY CLERK 21,500 35,000 (13,500) CITY TREASURER - - CITY ATTORNEY 74,700 125,000 (50,300) CODE COMPLIANCE 209,900 200,000 9,900 CITY ADMINISTRATOR 70,100 46,200 23,900 CIVIL SERVICE 7,900 9,200 (1,300) HUMAN RESOURCES 21,000 15,100 5,900 FINANCE 143,000 85,000 58,000 GENERAL GOVERNMENT (351,600) 0 (351,600) DEVELOPMENT SERVICES 355,400 532,800 (177,400) FIRE (267,100) 200,000 (467,100) POLICE 1,134,100 1,084,700 49,400 FACILITIES MANAGEMENT 192,000 135,000 57,000 PARKS & RECREATION 205,000 175,000 30,000 PUBLIC SERVICES 183,500 300,000 (116,500) ANIMAL CONTROL 27,800 26,200 1,600 CAN 0 19,800 (19,800) LIBRARY 64,700 79,000 (14,300) TOTAL 2,124,600 3,100,000 (975,400) INTERNAL SERVICE DEPTS LIABILITY FUND 225,000 120,000 105,000 TELEPHONE FUND 40,000 40,000 - UTILITY FUND 35,500 160,000 (124,500) FLEET SERVICES 302,700 215,000 87,700 WORKERS COMP 95,000 120,000 (25,000) MIS FUND 133,000 130,000 3,000 TOTAL 831,200 785,000 46,200 Vacancy Factor to Reserves 2,500,000 Vacancy Factor Bal Budget 600 000 Total 3,100,000 CITY OF SAN BERNARDINO MIDYEAR GENERAL FUND REVENUE REPORT FISCAL YEAR 1998-1999 3 1,. ??q; 9899g s sue. a.t P FAR999WOMMUM 4001 Current Secured 5,980,543 2,493,000 6,300,000 40% 6,300,000 0 4002 Current Unsecured 354,059 333,834 360,000 93% 360,000 0 4003 Prior Taxes 411,050 200,681 300,000 67% 400,000 100,000 4006 Supplemental 51,827 50,414 50,000 101% 50,000 0 4005 Other 96,802 37,279 100,000 37% 75,000 (25,000) Total Property Taxes 6,894,281 3,115,208 7,110,000 44% 7,185,000 75,000 Q ° 4221 Sales Tax 20,887,320 7,300,319 21,475,000 34% 21,550,000 75,000 4224 Utility User's Tax 15,865,101 6,124,690 15,000,000 41% 14,324,300 (675,700) 4201/15 Franchise Tax 2,027,445 197,295 1,875,000 11% 1,943,200 68,200 4215 Tow Franchise 0 92,040 263,900 35% 250,000 (13,900) 4222 Transient Occupancy Tax 1,679,472 762,962 1,700,000 45% 1,779,000 79,000 4225 Sales Tax Safety 455,138 201,105 440,000 46% 468,400 28,400 4223 Real Prop. Transfer Tax 243,591 118,517 310,000 38% 310,000 0 Total Taxes 41,158,067 14,796,928 41,063,900 36% 40,624,900 (439,000) 4301 Business Registrations 3,866,577 1,315,138 4,050,000 32% 3,930,000 (120,000) 4330 Building Permits 427,842 179,396 403,000 45% 450,000 47,000 4331 Mechanical Permits 207,202 89,394 215,000 42% 215,000 0 4362 On Site Permits 114,472 73,438 130,000 56% 146,000 16,000 4363 On Site Plan Check 73,199 30,170 65,000 46% 65,000 0 4361 Construction Permits 65,749 13,853 65,000 21% 50,000 (15,000) 4342 EMS Membership 26,983 23,100 28,800 80%1 28,800 0 4336 Fire Licenses/Permits 85,860 54,287 70,300 77% 100,000 29,700 4351 Street Cut Permits 10,310 2,301 15,000 15% 5,000 (10,000) 4333 Mobile Home Park Permits 27,242 262 26,500 1% 26,500 0 4352 Misc Licenses & Permits 20,385 23,569 20,000 118% 40,000 20,000 4303 Misc City Clerk Permits 61,378 27,216 60,000 45% 60,000 0 4304 Misc Planning Lic/Permit 22,345 10,135 19,000 53% 20,000 1,000 4360 Grading Permits 2,770 1,609 4,000 40% 4,000 0 Total License & Permit 5,012,314 1,843,868 5;171,600 36% 5,140,300 (31,300) 4420 Parking Citations 479,926 245,916 500,000 49% 500,000 0 4410 General Fines 70,656 14,380 60,000 24% 70,000 10,000 4450 Fire Citations 6,838 5,219 6,000 87% 3,000 (3,000) 4421 Vehicle Abatement 8,912 208 10,000 2% 2,000 (8,000) Total Fines/Penalties 566,332 265,723 576,000 46% 575,000 (1,000) CITY OF SAN BERNARDINO MIDYEAR GENERAL FUND REVENUE REPORT FISCAL YEAR 1998-1999 ACTUAL DEC YTD BUDGET FY99 REVISED OVER/(UNDER) DESCRIPTION 1997-1998 FY98-99 FY98-99 % COLL FY 98-99 ORIGBUDGET USE OF'.MONEY& PROPERTY; 4505 Interest Earnings 970,654 511,669 850,000 60% 1,200,000 350,000 4520 Land & Building Rental 292,096 35,930 265,000 14% 265,000 0 4530 Parking Rental Fee 75,650 15,680 62,000 25% 62,000 0 4922 Sale of Property 235,906 47,954 100,000 48% 75,000 (25,000) 4540 Vending Machine Commis 6,824 952 10,000 10% 10,000 0 Total Money& Property 1,581,130 612,185 1,287,000 48% 1,612,000 325,000 INTERGOVERNMENTAL 4603 Motor Vehicle In Lieu 7,765,295 3,054,792 7,700,000 40% 7,700,000 0 4670 CDBG Reimb. 1,382,692 479,139 1,480,500 32% 1,445,600 (34,900) 4670 20% Reimb. 516,200 259,128 637,100 41% 599,900 (37,200) 4670 Tax Increment Reimb. 809,076 492,194 802,800 61% 766,800 (36,000) 4606 Homeowner's Exemption 172,266 0 175,000 0% 175,000 0 4616 POST 149,693 20,543 136,500 15% 125,000 (11,500) 4625 State-Mandated Costs 299,491 15,460 215,000 7% 215,000 0 4673 Water Reimbursement 150,000 179,000 179,000 100% 179,000 0 4671 SBIAA Reimbursement 89,718 49,813 95,000 52"/° 89,000 (6,000) 4615 Disaster Prep. Program 25,311 28,920 30,000 96% 29,000 (1,000) 4607 Off-Highway Vehicle Tax 2,891 1,903 3,000 63% 3,000 0 4602 Trailer Coach Lic 0 0 600 0% 0 (600) 4619 Mutual Aid/Disaster Reimb 1,113 0 50,000 0% 100,100 50,100 Total Intergovernmental 1 11,363,746 4,580,892 11,504,500 40% 11,427,400 (77,100) CHARGESFOR SERVICES' 4810 Misc. Develop. Svcs. 10,741 8,426 6,000 140% 11,000 5,000 4731 Plan Check Fee 217,913 69,440 186,000 37% 155,000 (31,000) 4880 EMS User Fee 407,652 175,562 400,000 44% 400,000 0 4798 Storm Drain Utility Fee 235,485 161,085 275,000 59% 275,000 0 4815 Weed Abatement 181,003 117,140 200,000 59% 200,000 0 4733 Building Demolition 664,870 336,608 650,000 52% 660,000 10,000 4714 Develp Project 90,099 32,628 100,000 1 33% 70,000 (30,000) 4305 Annual Alarm Permits 0 13,870 144,000 10% 144,000 0 4780 Misc Charges 33,013 15,062 40,000 38% 27,000 (13,000) 4766 Building Permit Review 5,862 2,891 5,000 58% 6,000 1,000 4865 Non-Resident Fees 3,361 1,091 2,500 44% 3,500 1,000 4720 Plan Review Fee 54,285 32,344 60,000 54% 60,000 0 4864 Swimming Pool Fee 57,537 47,144 50,000 94% 50,000 0 4719 HUD Building Inspection 37,200 37,779 51,000 74% 51,000 0 4718 Environmental 9,741 4,187 13,000 32% 10,000 (3,000) 4785 Non Subdivision Str Imp 32,519 16,156 35,000 46% 35,000 0 4863 Class Registration Fee 11,652 7,029 10,000 70% 15,000 5,000 4711 Subdivision 39,779 53,042 30,000 177% 75,000 45,000 CITY OF SAN BERNARDINO MIDYEAR GENERAL FUND REVENUE REPORT FISCAL YEAR 1998-1999 ACTUAL DEC YTD BUDGET FY99 REVISED OVER/(UNDER) :?DESCRIPTION 1997-1998 FY98-99 FY98-99 % COLL FY 98-99 ORIG BUDG - 4862 Park Energy Fee 22,080 11,087 25,000 44% 25,000 0 4707 Passport Fees 0 0 18,200 0% 34,100 15,900 4702 County Contract 0 0 100,000 0% 100,000 0 4861 Program/Facility Use Fee 22,400 14,485 25,000 58% 25,000 0 4710 Misc. Development Servs 35,349 11,102 21,000 53% 21,000 0 4743 Towing Release Fee 90,800 60,650 115,000 53% 151,600 36,600 4705 Utility Collection Fee 49,846 8,974 47,000 19% 30,000 (17,000) 4702 Public Wk Subdivision 67,700 0 75,000 1 0% 0 (75,000) 4790 Signal MainUEnergy Fee 3,143 0 5,000 0% 5,000 0 4802 Str Light Energy Fee 23,640 0 20,000 0% 20,000 0 4701 Election Filing/Copies 8,688 1,079 0 0% 1,100 1,100 4747 False Alarm Fee 88,361 27,015 79,000 34% 30,000 (49,000) Total Charges 2,504,719 1,265,876 2,787,700 45% 2,690,300 (97,400) M EOUS 4906 Water Fund Contr. 1,385,355 593,368 1,500,000 40% 1,360,000 (140,000) 4910 Admin Service Charge 391,764 410,500 401,500 102% 410,500 9,000 4901 Misc. Other Revenue 929,432 33,053 425,000 8% 425,000 0 4912 Off Track Betting 161,151 79,183 170,000 47% 170,000 0 4741 Sale of Photos 70,059 32,401 94,000 34% 70,000 (24,000) 4740 Police Misc. Receipts 397,556 169,645 341,200 50% 341,200 0 4746 Property Auction 783 64 10,000 1% 2,000 (8,000) 4911 Restitutions 818 653 600 109% 1,700 1,100 4905 Litigation 52,725 21,217 40,000 53% 40,000 0 4904 Drunk Driver Reimburmt. 8,672 2,750 7,200 38% 5,000 (2,200) 4903 Refunds & Rebates 163 0 200 0% 0 (200) 4928 Booking Fee Reimb. 126,234 3,271 5,000 65% 5,000 0 4750 Investigation Fee 11,695 5,885 11,000 54% 11,000 0 4924 Damage Claim Recovery 38,374 2,073 50,000 4% 10,000 (40,000) Total Miscellaneous 3,574,781 1,354,063 3,055,700 44%1 2,851,400 (204,300) TOTAL GENERAL FUND 72,655,370 27,834,743 72,556,400 38%1 72,106,300 1 (450,100) CITY OF SAN BERNARDINO SPECIAL REVENUE FUNDS FISCAL YEAR 1998 -1999 s ACTt,ll.+,1.. G•T'. s:•. .. X4L HkID4"iE7 tulI.T 3`R 1•=5.:: QE+SCRIPTIDN ! '..... .",fi4h`,"'. .••:16-� °xx?�e `k-98 .•:WW"9$ 105 i{BRARY FUhIL 4618 State Aid-Libraries 109,767 133,084 187,701 155,900 155,900 4850 Miscellaneous Receipts 11,050 12,564 11,749 12,600 12,600 4851 Library Fines 46,817 53,725 58,173 57,000 60,000 Total Library Fund 167,634 199,373 .257,623 -.225,500 228,500:: 4505 Interest on Idle Cash 24,543 27,780 24,944 30,000 20,000 4775 Cemetery Burial Fee 65,423 71,093 72,278 71,000 71,000 4776 Sale of Vases 2,078 1,955 1,856 1,500 2,000 4777 Sale Concrete Boxes 30,144 32,096 33,363 30,000 25,000 4778 Sale Cemetery Plots 51,356 51,567 59,212 53,100 60,000 Total Cemetery'Fund 173,544 : 184,491 191,653 185,600 ' 178,000' 407�� �fFtlN6. 4505 Interest on Idle Cash 708 4,386 1,403 0 0 4670 Economic Development Reimb. 18,000 0 35,451 0 0 4922 Sale of Equipment 58,003 70,483 936 70,000 60,000 Total Cable TV Fund 76,711 74,869 : '.37,790 '.70,000 60,000 4505 Interest on Idle Cash 10,369 10,066 9,019 10,000 9,000 4672 Asset Forfeiture Federal DOJ 87,840 16,909 17,997 27,700 135,000 4927 Asset Forfeiture 69,603 35,490 120,015 21,300 75,000 4929 Asset Forfeiture-Drug/Gang 9,758 6,030 20,060 3,800 15,000 Total Asset Forfeiture Fund 177,57D :68,495 - 167,091 -62800 :'234,000 nap KIN.G�BE 1I3E85IMPR, T FR: 4302 Parkin /Business Improvement 141,135 141,386 130,931 141,000 130,000 4505 Interest on Idle Cash 931 1,182 1,4191 1,000 1,000 Total Parking/Business Fund- 142,066 142,568. : 132,350 -. 142x000 131 000-!. 1,10 ?ItFIIKIf1 :LIESTM M. Q 4010 Special Assessment-Land 165,639 152,519 8,703 45,500 45,500 4011 Special Assessment-Phase II 32,971 29,902 1,767 0 100 4505 Interest on Idle Cash 5,207 4,804 3,224 0 2,000 4530 Rental Fee-Parking 24,517 9,538 3,607 0 0 4670E�cJo,,n$o$,fmic Develo my.e,$nt Reimb. 39,0{97 39,097 143,312 158,100 158,100 4505 Interest on Idle Cash 14,095 27,232 13,509 5,500 6,500 4626 Rideshare Reimbursement 202,973 194,307 195 392 185,200 180,500 4670 Economic Development Agency 3,670 0 12,151 0 0 4916 Van Pool Contributions 3,526 2,861 3,000 3,000 3,000 4906 Water Department 3,000 3,000 995 0 0 Total Transportation Fund 1 227,264 :227,400 225,047 :193,700 190000' 1122 ARTICLE 8.-.-LTF D - 83,291 87,432 115,000.. 4320 Animal License 146,232 141,047 153,282 249,900 175,000 4352 Misc. License 8 Permits 1,175 532 2,000 1,600 1,600 4410 General Fines 19,765 20,637 20,706 21,000 20,800 4430 Animal License Penalty 13,893 12,940 26,799 41,500 26,800 4756 Animal Adoption Fee 10,333 9,644 13,013 11,000 14,000 4757 Contractee Shelter Fee 331.,172 362,361 445,302 407,000 420,000 CITY OF SAN BERNARDINO SPECIAL REVENUE FUNDS FISCAL YEAR 1998 1999 ON TO W RMWIRINT 4758 Livestock Fee 2,251 740 965 400 1,300 4759A rehension Fee 23,114 25,044 24,588 23,000 23,000 4760 Board Fee 19,138 22,479 21,352 19,500 20,000 4761 Field Service Fee 2,431 1,961 1,605 2,000 1,800 4763 Owner Release Fee 20,642 21,374 21,259 21,000 22,000 4764 Vaccination Fee 9,112 9,124 9,790 9,000 9,500 4765 Microchip Fee 1,137 1,163 0 1,500 0 L92,1 Miscellaneous R 18,542 1 4,6271 18!�O 173 171��O 30 2 18,000 Total _ I I a Arum C mr7 618,937 633,6731 758 753800 1,26SPIECRAURM. , 4505 Interest on Idle Cash 70,556 71,761 73,346 35,000 35,000 4610 State Aid-2106 636,790 647,184 734,246 720,000 750,000 4611 State Aid-2107 1,501,747 1,533,085 1,503,320 1.540,000 1,460,000 4612 State Aid-2107.5 10,000 10,000 10,000 10,000 10,000 4614 Prop 111-Hi hwa Users Tax 1,079,272 1,092,404 1,109,801 1,090,000 1,090,000 4945 Reimbursement 38.462 165,544 251,808 0 0 Total Gas Tax Fund 3 336827 3,519,978 3,682,521 31395,000 3r345,000 $21M."WWA,Na� , , 4505 Interest on Idle Cash 107,266 59,535 9,035 20,000 0 4830 Commercial Rubbish 260,385 249,098 236,_067 240,000 375,000 4831 Commercial Bin Rent 378,496 398,487 427,169 400,000 236,000 4832 Commercial Bin Service 4,928,969 4,930,406 4,928,314 5,000,000 6,000,000 4833 Commercial Special 364,656 474,476 603,120 550,000 650,000 4836 Commercial Bin Service-Malls 102,827 79,929 87,147 90,000 15,000 4837 Automated Commercial Rubbish 19,850 50,753 59,737 60,000 43,700 4840 Residential Water Billed 6,076,226 6,066,917 1 6,054,788 6,100,000 1 6,600,000 4841 Residential"B"Accounts 406,121 364,034 439,582 400,000 472,000 4842 Residential Specials 0 0 4,904 0 5.000 4843 Dino Bin Service 1,161,985 1,157,421 1,113,217 1,160,000 1,250,000 4849 Sale of Paper/Salvage Material 4,195 1,604 0 0 0 4901 Miscellaneous Other Revenue 42,017 33,056 49,462 60,000 60,000 4903 Refunds and Rebates 4,195 10,477 20,697 0 0 4923 Sale Salvage Mater 42,017 3,241 20,319 0 0 Total Refuse Fund 1 13,899,205 13,879,434 14,053,758 14,080,000: 154706;700 1 4440 CVC Fine 21,678 32,738 217,981 200,000 450,000 1 Total Traffic Safety Fund 21,678 1 32,738 1 217,981 1 200,000 1 450,000 1 ?CF"NAi 4505 Interest on Idle Cash 70,397 126,840 123,135 120,000 120,000 4613 1/2 Cent Sales Tax 1,497,889T 1,561,591?§ 1,686,253 1,650,000 1,600,000 4627 Measure i Arterial 0 0 0 0 0 4945 Construction Reimbursement 52.663 21,466 0 0 0 Total 1/2 Cent Sales Tax 1,620,949 1,709,8971 1,839,388 1,770,000 1,720,000 1 4521 Fiscalini Field Lease Fee 39,953 62,968 0 0 0 Total Fiscalim Field Fund 39,953 62,968 a _0. 001 PINY 11 386.287 1 0 1 0 1 0 1) 1 4945 Street Construction 26.290 0 0 1 0 3 1131 SB 300 412,577 0 0 1 0 100c) CITY UF SAN 8EBN/\R0NO SPECIAL REVENUE FUNDS FISCAL YEAR 1998 ^10AS SR, "EANNTWARM 4505 Interest on Idle Cash 86,850 68,907 93,053 60,000 60,000 4820 Sewer Line Maint 1,309,623 1,300,603 1,284,585 1,300,000 1,300,000 Total Sewer Line Maintenance 1,196 47-4 1,369,510 1,777-63B 1,360,000 1,360,000 4901 Baseball Team Lease Agreement 0 1 42,326 1 10 11600') 100000 Total Baseball Stadium 0 1 52,3261 117,614 r 4630 State Aid-Street Constr. 242,343 162,912 6,804 0 0 4658 Federal Aid-FAU 2,545,511 2,572,979 6,056,77-10 9 07441000 9,000,000 4945 Construction Reimbursement 1,019,360 811,246 11049,951 E6,000,000 1,700,000 Total Street Constr. Fund 3,807,214 3,547,137 7.107 465 15,074,400 10,700.000 4505 Interest on Idle Cash 35,783 43,157 29,751 18,000 24, 4732 Park Development Fee 242,565 56,820 144,719 110,000 85,000 Total Park Construction Fund 278,348 99,977 174470 128000 191000 1 4778 Sale Cemetery Plots 5,017 1 41213 1 3,781 4, Total Cemetery Constr, Fund 5,705 4,920 4 245 IR 4505 Interest on Idle Cash 205,853 180,271 205,63-6 100,000 200,70-0 4821 Sewer Lateral Fee 7,854 120 1,619 3,000 1,000 4822 Sewer Connection Fee 224,623 78,921 168,677 150,000 150,000 Total Sewer Line Constr, Fund 438,320 259,312 375,902 253,000 351,000 4505 Interest on Idle Cash 19,139 14,1 7 17.654 9,000 18,000 4902 Indian Bingo Contribution L 0 1 0 0 0 4925 Reimburse Street Construction 0 281,90� 0 0 0 Total Indian BingG Fund 19,139" 296,0931 17654 1 9000 4505 Interest on Idle Cash 4,312 542 2 260 00 WX 4505 Interest on Idle Cash 82,120 114,404 112,423 100,000 100,000 4818 Storm Drain Fee 377,124 224,590 374,688 330,000 300,000 4945 Construction Reimbursement 429,381 1,530,150 45,600 0 0 TotaTS-toTmDrain Zonstr. Fund 888,675 1j869,144 532.711 430,000 400,000 CITY OF SAN 8ERN/\R0NO SPECIAL REVENUE FUNDS FISCAL YEAR 1008`19A0 -UAL 0GET le 4505 Interest on Idle Cash 16,541 4,236 731 3,000 21700 4658 Fed/State Aid-Street Construction 76,316 432,190 96,849 0 0 4803 Traffic System Fees 317,584 91.539 331,056 200,000 165,000 Total Traffic Systems Fund 410,441 513,964 440,719 203,000 167,700 Total City Wide AD 994 1 4,352,2931 4,391,5451 414,: 1 100'ono Total Central Services Fund 0 250,007 252,559 260000 1 260000 4505 Interest on Idle Cash - 266,477 320,485 140,007 300,000 300,000 4670 Economic Development Agency 85,000 80,000 80,000 30,000 30,000 4897 Interdepartmental Receipts 2,047,OOL 2TO57,000 1,950,566 1,926,800 1,926,800 4901 Misc. Receipts 0 0 36,376 15,000 0 4924 Damage Claim Recovery 6,916 14,014 1,987 0 0 Tota Liability Insurance Fund 1 2,449,199 1 2,471,4991 2,208,936 1 2,281,800 1 2,256,800 4541 Telephone Commission 16,419 28,459 14,414 16,000 16,000 4893 Water Dept. Receipts 124,943 80,215 87,247 125,800 96,000 4670 Economic Development Agency 128,874 101,665 87,516 99,600 66,000 4897 Interdepartmental Receipts 717,614 696,180 526,320 614,300 614,300 4903 Refunds and Rebates 2,432 10,758 29,825 1,400 10,000 Total Telephone Support Fund 990,282 917,277 745,322 857,100 -B02,300 1631 UTILITY FD-fNTERDEPT RECEIPTS a,418,629 3,426,3551 3,439,116 1 3,151,3�003,15�1,309 4670 EDA 0 0 6,936 5,500 10,500 4896 Replacement Contribution 657,345 760,019 531,300 530,900 530,900 4897 Interdepartmental Receipts 3,320,293 3,749,416 3,845,990 3,371,700 3,500,000 4901/22 Misc, Other Receipts 1100,839) (31,446) (141,595) 10,000 0 Total Motor Pool Fund 3,876,799 4,477,989 4,242,631 3,918100 4041400 CITY OF SAN BERNARDINO SPECIAL REVENUE FUNDS FISCAL YEAR 1998 -1999 ,W L ;�zm]M ......... 4505 Interest on Idle Cash 719 0 0 0 0 4897 Interdepartmental Receipts 2,070,650 2,188,557 2,066,777 1,994,400 1,994,400 4899 Premiums — 15,913 134 4,471 0 0 4670 Economic Development Agency 10,000 0 0 10,000 10,000 4901 Misc Receipts 5,018 0 0 5,000 0 r mLt i 394,402 i 478 16 541,61� 375 220 375,000 0 8�,!7 1206��L Z� � 0!,�05 1 5 404 al Recovery 5 Total Workers'Compensation Fd 2496,700 1 2,748,116 1 2,616,901 1 2,634,4001 2,379,4001 4505 Interest on Idle Cash 28,392 (4,301) 0 0 0 4670 EDA Reimbursement 1,408 1,350 1,206 1,200 1,000 4893 Water 0 0 0 385,000 385,000 4897 Interdepartmental Receipts 2,009,964 2,163,200 2,092,329 2,591,800 2,591,800 4901 Miscellaneous Receipts 1,798 655 616 0 200 4922 Sale of Equipment 0 0 0 450,000 450,000 Tutal MIS Fund 2,041,562 2,160,904 2,094,151 3,428,000 3,428,000 IGRAND TOTAL 48,347,433 1 49,946,620 1-78,072-259-1 55,743, CITY OF SAN BERNARDINO DETAIL OF INTERFUND TRANSACTIONS FISCAL YEAR 1998-1999 TRANSFERS - IN VARIANCE FY 1998-99 FY 1998-99 FAVORABLE/ BUDGET MIDYR EST (UNFAVORABLE) w *From Special Gas Tax For- 2,690,100 2,625,100 (65,000) Street Maintenance-$2320,000 Street Lighting -$370,100 *From Traffic Safety For- 200,000 450,000 250,000 Police Costs *From 1/2 Cent Sales & Road Tax For- 164,000 164,000 0 Administration *From Cultural Development Fund For- 50,200 26,000 (24,200) Funding Fine Arts and Civic and Promotional Costs *From Traffic Systems Constructions For- 10,000 10,000 0 Administration *From Parking District For- 66,600 66,600 0 Debt Service Payment *From AD 994 Fund For- 374,100 374,100 0 Street Lighting and Signals *From Liability Fund For- 500,000 500,000 0 Refund Reserve Excess *From Storm Drain Construction For- 100,000 100,000 0 Administration *From Telephone Support For- 12,000 16,000 4,000 Telephone Commission & Rebates *From Refuse Fund For- 1,831,200 1,831,200 0 Administration $1,326,200 Lease City Yards 464,000 Lease City Hall 41,000 *From Sewer Line Construction For- 100,000 100,000 0 Administration *From Sewer Line Maintenance Fund For- 100,000 100,000 0 Administration *From MIS Fund For- 450,000 450,000 0 800 Mhz Equipment Refund CITY OF SAN BERNARDINO DETAIL OF INTERFUND TRANSACTIONS FISCAL YEAR 1998-1999 TRANSFERS - IN VARIANCE FY 1998-99 FY 1998-99 FAVORABLE/ BUDGET MIDYR EST (UNFAVORABLE) *From Transportation Fund For- 187,200 187,200 0 Traffic Engineering Costs $50,000 Maint/Fuel for Alt. Fuel Veh $31,500 Crossing Guards $105,700 TOTAL GENERAL FUND $6,835,400 $7,000,200 164,800 TO ANIMAL CONTROL FUND: *From General Fund For- 98,600 144,300 45,700 Operating Costs TO CATVFUND: *From General Fund For- 330,000 330,000 0 Operating Costs TO LIBRARY FUND: *From General Fund For - 2,466,300 2,401,600 (64,700) Operating Costs TO ART 8-LOCAL TRANSPORTATION: *From 1/2 Cent Sales & Road Tax For- 26,700 26,700 0 Project Costs TO,PUBLIC PARK EXTENSION: ' *From General Fund For- 48,000 48,000 0 Park Facilities Improvements TO REFUSE: *From General Fund For- 107,600 107,600 0 Street Sweeping TO EMS FUND: *From General Fund For - 75,000 75,000 0 Repay Operating Loan TOFISCALINI FIELD::.'.. *From General Fund For- 64,000 64.000 0 Operating Costs TO PARKING DISTRICT: *From Parking & Business Impr For- 106,100 106,100 0 Administration TOTAL OTHER FUNDS $3',322,300 $3,303,300 (19,000) GRAND TOTAL TRANSFERS-IN $10,157,700 $10,303,500 145,800' CITY OF SAN BERNARDINO DETAIL OF INTERFUND TRANSACTIONS FISCAL YEAR 1998-1999 TRANSFERS - OUT VARIANCE FY 1998-99 FY 1998.99 FAVORABLE/ BUDGET MIDYR EST (UNFAVORABLE) MIF *To Animal Control Fund For- $98,600 144,300 45,700 Operating Costs *To CAN Fund For- 330,000 330,000 0 Operating Costs *To Library Fund For- 2,466,300 2,401,600 (64,700) Operating Costs *To EMS Fund For- 75,000 75,000 0 Repay Operating Loan *To Fiscalini FieldFund For- 64,000 64,000 0 Operating Costs *To Refuse Fund For- 107,600 107,600 0 Street Sweeping *To Public Park Extension For- 48,000 48,000 0 Park Facilities Improvements GENE,RALaF-U.N m. :: « ..... F3. MIEL'•ECOMMUN}Cj4TlC) 3i} „ „. *To General Fund For- 12,000 16,000 4,000 Telephone Commission & Rebates *To General Fund For- 2,690,100 2,625,100 (65,000) Street Lighting Costs-$370,100 Street Maintenance Costs-$2,320,000 l . .F *To General Fund For- 200,000 450,000 250,000 Police Costs *To General Fund For- 190,700 190,700 0 Administration of Fund $164,000 *To Art. 8-Local Transportation For- Project Costs $26,700 CITY OF SAN BERNARDINO DETAIL OF INTERFUND TRANSACTIONS FISCAL YEAR 1998-1999 TRANSFERS - OUT VARIANCE FY 1998-99 FY 1998-99 FAVORABLE/ BUDGET MIDYR EST (UNFAVORABLE) ,. FROM MIS FUND *To General Fund For- 450,000 450,000 0 800 Mhz Equipment Refund FROM AD 994 FUND *To General Fund For- 374,100 374,100 0 Street Lighting and Signals FROM LIABILITY FUND *To General Fund For- 500,000 500,000 0 Refund Reserve Excess FROM PARKING & BUSINESS IMPIR *To Parking District For- 106.100 106,100 0 Administration of District FROM PARKING DISTRICT FUND *To General Fund For - 66,600 66,600 0 Debt Service Payment FROM CULTURAL DEVELOPMENT *To General Fund For- 50,200 26,000 (24.200) Fine Arts & Civic Promotional Costs FROM TRAFFIC SYSTEM CONSTR *To General Fund For- 10,000 10.000 G Administration of Fund FROM.SB300 *To General Fund For - 0 0 0 Administration of Fund FROM STORM DRAIN FUND *To General Fund For- 100,000 100,000 0 Administration of Fund FROM REFUSE.FUND. ; .f`;: �.. •£'` *To General Fund For- 1,831,200 1,831,200 0 Administration $1,326,200 Lease City Yards $464,000 Lease City Hall $41,000 ROM:SEWER'LINE CONSTRF.D. *To General Fund For- 100,000 100,000 0 7 Administration CITY OF SAN BERNARDINO DETAIL OF INTERFUND TRANSACTIONS FISCAL YEAR 1998-1999 TRANSFERS - OUT VARIANCE FY 1998-99 FY 1998-99 FAVORABLE/ BUDGET MIDYR EST (UNFAVORABLE) FROM SEWER LINE MAINT FUND 'To General Fund For - 100,000 100,000 0 Administration FROM TRANSPORTATION FUND 'To General Fund For- 187,200 187,200 0 Traffic Engineering Costs $50,000 Maint/Fuel for Alt. Fuel Veh $31,500 Crossing Guards $105,700 TOTAL OTHER FUNDS $6,968,200. $7.;133,000 164,800 GRAND TOTAL TRANSFERS-OUT $10,157,700. $10,303,500 145,800 t ORIGINAL CITY OF SAN BERNARDINO PROJECTED GENERAL FUND BALANCE FISCAL YEAR 1999-2000 MID-YEAR PRELIMINARY VARIANCE BUDGET ESTIMATE ESTIMATE FAVORABLE/ DESCRIPTION FY 98-99 FY 98-99 FY 1999-2000 (UNFAVORABLE) Estimated Revenues $ 72,556,400 $ 72,106,300 $ 73,370,500 $ 1,264,200 Transfers In 6,835,400 7.000.200 6.341.100 (659,100) Total Available $ 79,391,800 $ 79,106,500 $ 79,711,600 $ 605,100 Estimated Expenditures $ 81,540,400 $ 80,591,300 $ 79,574,000 $ 1,017,300 Vacancy Factor (3,100,000) (1,083,000) (1,100,000) (17,000) Transfers Out 3,189,500 3.170.500 3.370 500 (200 000) Total Expenses $ 81,629,900 $ 82,678,800 $ 81,844,500 $ 800,300 Excess/(Deficiency) of Available over Deduction $ (2,238,100) $ (3,572,300) $ (2,132,900) $ 1,405,400 Beginning Fund Balance $ 4,655,300 $ 4,655,300 $ $ (4,655,300) Estimated Balance $ 2,417,200 $ 1,083,000 $ (2,132,900) $ (3,249,900) Budgeted Reserve $ 2,417,200 $ 1,083,000 $ 1,100,000 $ 17,000 Budget Excess/(Deficiency) $ $ - $ (3,232,900) $ (3,232,900) rr—rod mta Recard at v0evl;ms Mtg: I'it, Pio,W'nC S°r4 t k-99 -# t r FISCAL YEAR 1999 - 2000 REVENUES• FY 98-99 Mid-Yr Estimate $72, 106, 300 Remove Carryover (285, 800) UUT Audit Corrections 500, 000 Sales Tax Increase 3 . 5k 900, 000 Misc. Other Revenue Increases 150 . 000 Total Revenues $73,370,500 TRANSFERS-IN: FY 98-99 Mid-Yr Estimate $ 7, 000, 200 Remove 800Mhz Equip. Refund (450, 000) Reduce AD994 Support (209 . 100) Total Transfers-In $ 6, 341, 100 EXPENDITURES: FY 98-99 Mid-Yr Estimate $80, 591, 300 - Remove Carryovers (517, 300) Salary/Benefit Adjustments 2, 100, 000 Add Election Costs 100, 000 Reduce PERS Costs (2 . 700 . 000) Total Expenditures $79, 574, 000 TRANSFERS-OUT: FY 98-99 Mid-Yr Estimate $ 3, 170, 000 Add Baseball Stadium 200. 000 Total Transfers-Out $ 3,370, 000 City of San Bernardino r^FCFiVFD-"1?'Y CIEF,iR ECONOMIC DEVELOPMENT AGENCY .99 FF9 15 P 3 :56 MEMORANDUM TO: Community Development Commission Chairperson and Members FROM: Gary Van Osdel, Executive Director SUBJECT: MID-YEAR BUDGET REVIEW DATE: February 15, 1999 COPIES: Fred Wilson; Barbara Pachon; Rachel Clark; James Penman On August 11, 1998,the Community Development Commission adopted the Economic Development Agency's Fiscal Year 1998-99 Budget with adjustments. Now is the time to review the adopted fiscal year 1998-99 budget line expenditures at mid-year, December 31, 1998,to estimate the Agency's invested funds at the end of the fiscal year, and to forecast the Agency's cash flow for the fiscal year 1999-2000. Attached are the Agency's combined project area budget line item expenditures (Exhibit A)for the period of July 1, 1998 through December 31, 1998. Overall, the Agency has expended by total line item approximately 32%of the total approved budget for the fiscal year. However, it is anticipated that most of the budgeted funds will be spent by the end of the fiscal year since most of the Agency's budget consists of prior approved contracts, agreements, bond payments,programs or other obligations. Analysis by line item expenditures shows that some line items may be funded in the first six(6)months of the fiscal year and others may be funded in the last six(6)months of the fiscal year,which explains either high or low percentage of use at mid-year. It is anticipated that there will be a small savings at the end of the fiscal year in salaries, benefits and administrative costs. The tax increment cash flow projection for the fiscal year 1999-2000 and the estimated invested fund balances are attached(Exhibit B), along with a list of current tax increment expenditures from which reductions must be made(Exhibit Q. At this time, it is projected that the Agency will have a$2,900,000 deficit for the fiscal year 1999-2000. If you a any uestions, ple a call me or Barbara Lindseth. an Osdel Executive Director H H W H W w W� H d^aPM d+M aF aP NeP MaV ap I tP I M M 'j. PrIM PMPOrMNPW OW CI WU cNNeeeeNnl Cl vN 1 Ir 191 VW F am O oqM N E� W N O m Gj 4 v TW NoNOOmmrmNmo 1N-noo m N Cu � OOMOMNCJe�iWN CJM O�G P I w N 1Vm m .-ImOWO�n 1UNOmeJJJM • � [Q MNeeOCf9emN(DO �NO(V r €�iy S C mp' NPmC1NNmPNNON WWV1 �-1 I W ro'� W NCNO W!O P'i0 • • H q Y5 Y$ mV! i-1 W C1W CJ t9 Z 5 9\ N M m W Ww m9 w n m of 4N m PNmOONeMmu:r'i Irlr m Pj Uy' n N mPNOO OeJmW N OVON YO r.1 WWPrOC1190eiP m Iml ✓�1I Um 1D4 fl'IO PNMNreeWN r p T WF N me'INN�eNn1P Ou N m i N N 1Vr91{1111 O qR NNNNr WN O N N �] £ p 4 � N fl y VV ~ N m0 p o N m P m P O ONOOOOOOmOON U W 0 P N W ;PIm H 0uNN•1WNOVON N1D NNe•ONrr OW e OPOf�CP e4l��MV'g1rnWOO NO N�W• NCO NJ OmMO 0oOW00000o NO.1r O N 1N N O rrrN bbb 111III N N N N N N C!O r1 N N N N C �I C � roCU DO w U ,y EI n U OH C q Nu1md ?�u OEmd q m4''p�p y0.y' OWE >u CC09K N UC+ b H N 9 Z 9 Od.imCUN m C 4 w UtL 4 Eme nm C HuU � O'B W W N O 4.l4 TdUKTU£Y U q N q.4 g p.q N HC d..(C N0 NH \O H F O U W � n u JJH 00 g4epL y] dry9 Cyy NHG££FrJNNOW oWNN fIN ...O O O O O O O O o .-IHNOr6OOVol Oc(o evvvvveYVev vec H F m N m W py M tlF aVNNRd^ 1 NAM M QRANSd+Mep aV J�oV di I e'PR RdiMM pyyG� mN40�0 m C10 V10411 e'1 IW fJ O40TmhOW'10 C1T Cth CV01 yl Cl MbM1l V1b Y1M 1 !-m Cl� P NN N'1'I'1 V11 N1-T (il W V1W V1mbNM1OTNfJ 4 u1W NVI r1W NmN�90TOMNI�TNO OI"1VIN bI�OOOnI O NM�DhmNNIONOMMONI�NW N � N TNTWmV1 CIPMOO Ct NOVINmWGtrhVNM1�4 NlO fpm m C! N MNUI'iN W1� T NlM^rn!o 4 4NClN rI VNMOTm !! m !1 fIT N WV1 QOM 1 J NC O e41n NPY1NINT W Q VINWTTNMNV140e11 C-VIMNO�N O TI�MNONT myll L�bRClNWTMTTFhOmNWe'MO O. pMThmlG lO 1 WOO v WNMmOTN�DM 1000MfiP 1 D b!'1 l9�mCl MmP m `O N O rl NN TO Vm H Q •aO OOOOVIOOTNOVOON0ON0000000CN100VI.YI O 000000OOV1OO4OONOOOHh OOOI�OOOMr0M00M00m00V10000 0 0 mN N !pm TNNI'Ihhm'1 V1b f` m4mh NOlG lOMNN 'IO ONhI� NTH N m N Cl rl e'1 tiPP b' M b N fI N U C 0 Ln 4 H9W C 9001 q U - U N c ] dti++ n Ic Nd C N U d 93 dn4^ p, rl U OgN9990.' a 0 C £ 4 �41 C+! O.9 9 C @@ N On 0 9 yy 9 U Fti bn L g U p 4 0E 0.y 9C'ti9gH0 C£ 0 CU µ VyHn 0 O yy pNONW£ E+1U NU NLq M+IO 4ud rC 0U1 N Z .0i 0C�U 0 U `4 ^d9IH]n N m odE9fl H 0 9EN C 9 n N U OT 0 O 1 0 J ] N 0 ! V^ A ] ] Z NODCWmr]41W£N y C WHF4£U' OUprCWWO�FH4]HWm O ONMPmIO I�WTOH W N N M..h W N..... VI�WOe4 NN rl rl rl'i N r-I eiNN F Z 000000.... r•I r-INNNNNN 0 0 0 0 0 0 0 0 0 0 0 O O O O O O O O O O O O O O O O O O O O N VI Y1 VI V1 VI In VI VIN V1 F Z W V10 b b N!0 lO V 10 W V m!o b V t0 10 Q F a H m X W �y p`VM Nrh �O M1m d'M (gy(�m vwrnO MOpaV�M CIS V)rlvl m�b ul NN 1 MY~1 {4y1 U� X W Wa ow� orb o f roo MM.+ nrobMb M r r .n vl eNMO mMa. 1`; e� M rIm 'OC10 0 O qrC mT�mmbb �rM NV1r m0 N O IO r4 N J M Or r/�I or r eMN PfM o0 0o wMO i ra 'ON r Nry N iM M1�r w`9HN mlm Q 11 0 m yl �1N m iT O`IIIO m M1<`1 q[i 9 NOM Om P mm Y'I CI NVr r1 N T J NVIIN VON M�MOQ aOp O rll M iM 0 0 0 0 in ti D > N �r AI Y vl 1 C O' 4i IO 4 Y C p n N Q N Y C O A aN Ai b 4 N C 4 TO aUaY O V q I.. NN Y0 N 4N tirVYn o C CN SC NWWN 1Y0 dh0 NH 0 0 0 0 C.CANO 1I'L'�.A C N0 E N.iI I L.NMA p N E 0 Ni L..AJ C N E 0 Ni 1 ti H.Y P p C N 1 Oq� A N� U N� g04000y Y ££m aam uam uvl um £u a£££W a0 TV ei'D NN O O NNMCVI'O 00 00 00 O O 000000 NN MM <V' V) rrrrM1M1 N Vr0 bb NV b b bbbbbb a H H W H m x W W N W F M N v J?4J d°dJ M 1 ap 1 1 I d° O d O^ CItfOJ NpOJOO 0000�0 NIN N CJ ryWV H :K W W d 7 �O� O mONJOr 1 000010 00 � q � qq °c ooNmv o0000o rr NN mrq v Ih000N mm N W q q fJ fl C!N q q I N 0(O W M N r N N .qi �b Nq .IO NHIW 101 1 10 q O 1'1 gOVl JlglO 000000 �Ni N N NN.IC N INI I IN MM q F qW qV pb 000 � OOmrN 1000 pO11O 1 DI 00 JO ONO Vl II 000010 qN NN q Nv(O V NC1NC H MM F N O H IO P 1- N AI Ai n { m U Y J � n U ) VWI � 4 y p Epn m m n o m n a 4 Z ~ mEdY Mn0 v 4 V a'N O n001d.4 ]^I Fri Wfl m vJ W nUUfum U lfm � mn qq m 6 uu 0.i a u Unm Y.l"N u qu O F 41 [y F 'O"o v O q m 4 i a 4 A W.O C O O O 0 9 XNNq '4 CW, O a no.wa � W4! � F fuVVVVJ NaFNN bV! riNMN rIN NNV H O F 0000 00000 � � O 0000 rlN Hrl'1 F rrrrr r H W H w W W QC 41 fly mml IN e'P iPM dP m IM M A Or"i OOIm QmOul OI V t+, „I ww 41 W V M^,o inrnw�; m °w a m 1 h rn� F4V1 N NV104 ,O NVl V 4444 nn 1 �mw w wN n I m N m w NNOOm O,VI1O 1 N rnp NNOO^ OwOw P ND �nw00 vuNi OO N ti0 q 1VVOVOwy.111{�I����I 1 w mNmYl� N�N O N F N F u1 N w LL, F F rn N 0 vu „ a � m ml L W v1 Y� 4 y u g b e,N u m o\ c o a �y yyw n o N a y v . l y W ry �F w O �N N 'v yH Y roC 40 U .n'� O.aL O dd0y U W NO HK w o,KVw NOaw W HO W n NMYI�O NMP y 0000 00o F Q oo F H w Fr Fr rrr H F5 omm F H N Economic Development Agency of the City of San Bernardino Tax Increment Projections For the Fiscal Year 1999-2000 As of January 1, 1999 Projected Tax Increment: $15,650,000 Expenditures: 20% Set-aside $2,666,871 Bond Payments 10,907,300 Bond Fees 90,000 Sumitomo 800,000 County Charges 53,200 Pass-Through 443,824 Sub-total Exp 14,961,195 Amt Avail Prior to Other Obligations: 688,805 Other Redevelopment Revenue Per Yr• Int Earned 250,000 Notes Rec 459,611 Rental/Lease Rev 531,496 Mall Sec Income 48.000 Est Avail 1,977,912 Other Redevelopment Obligations Per Yr: Salaries/Benefits 450,000 Agency Operations 662,000 Contracts/Agree 575,932 MSA/City Expenses 1,799,225 Prop Manage/Maint 641,000 Marketing/Special Events 254,000 Legal 443,600 Consulting 68,000 PAC 25,000 Est Expenses 4,918,757 Est Balance (2,940,845) Bond Proceeds Needed $1,112,000 Tax Increment Needed 1,828,845 - 1 - EXHIBIT B Economic Development Agency Tax Increment Projections As of January 1, 1999 Based upon the estimated deficit of $2,940,845 Est Invest Funds 6-30-99: Bond Proceeds $3,312,390 Tax Increment 3,442,808 6,755,198 Est Invest Funds 6-30-2000: 3,814,353 Est Invest Funds 6-30-2001: 873,508 Will need approximately $7,500,000 in invested funds until receipt of taxes in December. Does not include approximately $1,000,000 Community Reinvestment Funds for new projects. 2536A 2 EXHIBIT B Economic Development Agency of the City of San Bernardino Current List of Tax Increment Expenditures (Except as noted - Does not include federal funds or low/moderate set-aside funds) Based on Fiscal Year 1998-99 Budget 1. City Master Service Agreements/Obligations: Current Expenses (Tax Increment only) 1. Council Office Assistant $60,000 2. Council Offices 32,000 3. Planning 203,600 4. Code Enforcement 142,000 5. Traffic Modeler 26,000 6. Affirmative Action 8,000 7. Safety Officer 5,000 8. City Clerk 7,000 9. Five Level Parking Maint 60,000 10. Chairperson's Office 20,000 11. Chairperson's Office Additional 34,000 12. CVB 250,000 13. Mall Security Guards 512,525 14. Radisson 125,000 15. 201 Security/Janitorial 19,600 16. Parking Lot Main/Operations 158,100 (bond payment) 17. City Attorney Legal Services 136.400 Sub Total $1.799.225 * Transferred to Agency during City's budget process in prior years. Other City Master Service Agreements/Obligations: (For Information Purposes) Other Tax Increment: 1. Bond Debt Service Police Fat $765,000 Est 2. Bond Debt Service Stadium 1,190,000 Est 3. Bond Debt Soccer Park 255,000 Est 4. Bond Debt 1987 SV COP 283,000 Est Sub Total $2.493.000 Low/Moderate Housing Funds: 1. City Water/Sewer/ Refuse Rebate Admin $10,000 2. Code Enforcement Arden/Guthrie 146,400 3. Arden Guthrie Manage/Operations 250,000 4. Los Padrinos 120,000 5. Rental Certificate Program 609,900 6. Planning Bldg Mobilehome Inspection 33,000 7. City Attorney - Relocation 100,000 8. Low Income Utility Rebate Program 60.000 Sub Total $1.329.300 Total $5.621.525 Page - 1 - EXHIBIT C Economic Development Agency Current Expenditure List Page - 2 - 2. Agency Administration/Operations: Current Expenses 1. Salaries/Benefits $1,687,750 2. Admin/Operations/Overhead 624.084 Total $2.311.834 (Charged to Tax Increment: $450,000 - Salaries; $624,084 Admin) 3. General: 1. Marketing/Promotional 103,000 2. Marketing Special Events 151,000 3. Legal Services 443,600 ($136,400 under City Master Service) 4. Consulting Services 68,000 5. Northwest PAC 25.000 Total $790,600 4. Proiects/Programs: 1. Facade Imp $10,000 2. Light/Trees/Bldg/Breezeway 10,000 3. Ct St Sq/Rt 66 Sidewalks Maint 10,000 4. Maint Hallmark 20,000 5. Maint Pac Fed Bldg 20,000 6. Maint Mexican Consulate 25,000 7. Calif Theatre Operations 195,000 8. Maint CCWest Shop Plaza 5,000 9. Maint PEC 120,000 10. Maint/Imp 201 North E St 160,000 11. Metro Link Security 60,000 12. Metro Link Maint 6.000 Total $641.000 Total of expenditure areas that are not Agency contractual obligations and may be reviewed for reductions (tax increment only) : City Master Service Agree/Obligations $1,799,225 ** 42% Agency Administration/Operations 1,074,084 25% General 790,000 18% Projects/Programs 641.000 15% Total 4,304,309 100% ** Approximately $1,014,625 prior City expenditures transferred to the Agency during the City's budget process. -------------------------------------------------------------------------------- Page - 2 - EXHIBIT C Economic Development Agency Current Expenditure List Page - 3 - 5. Other Tax Increment Contractual Obligations (based on 1998-99 budget): (Generally not subject to reductions-ongoing contracts/obligations) (Does not include Low/Moderate set-aside/Federal expenditures) Current Expenses 1. Bond Expenditures $10,907,300 2. 20% Set-aside 2,666,871 3. Bond Trustee Expenditures 90,000 4. County Assessor 53,200 5. Pass-through Agreements 443,824 6. Sumitomo Repayment 800,000 7. Wells Fargo Line Credit Repayment 90,000 8. Audits 33,600 9. Property Insurance 150,000 10. Stater Bros Agreement 170,000 11. Valley Bank Rubs 210,000 12. Centre Chevrolet 30,000 13. Postal Encoding 108,000 14. New Frontier Westside Plaza 44,000 15. Valley Bank Farah Guar (paid) 85,000 16. Haagen Dev 160,000 17. Best Buys 20,000 18. CCCo J Building 35,000 19. CCCo Andreson 17,000 20. City Maint Woolworth Agree 19,200 21. Main 3 Level Park Andreson 10,280 22. Chaparral Cycle 50,000 Sub Total $15,793,275 23. Cinema Project (Sec 108/Sumitomo) (Portion may carry over) 7.800.000 Total $23.593.275 Page - 3 - 2537A EXHIBIT C ORIGINAL Summary of EDA Projected Budget Expenditures and Revenues for 1999-2000 Fiscal Year Presentation on February 18, 1999 1. Tax Increment Revenue and Expense Analysis 1. Revenues for 1999-2000 Fiscal Year $ 15,650,000.00 Total Projected Tax Increment Revenues (based on 1998-99 projections) 2. Expenditures for 1999-2000 Fiscal Year $ (2,666,871.00) 20% Low and Mod Fund (transfer out; not available for $ (10,907,300.00) Bond Payments non-housing activities) $ (90,000.00) Bond Fees $ (800,000.00) Sumitomo $ (53,200.00) County Charges $ (443,824.00) Pass-Through Agreements $ 688,805.00 Surplus Tax Increment Revenues 11. Other Income of EDA 6,tered into Record at ,., ,..n,JICmV0evCmS Mtg: $ 250,000.00 Interest Earnings $ 459,611.00 Notes Receivable '�t -------- $ 531,496.00 Rental/Lease Revenue re Agemm Item _.. $ 48,000.00 Mall Security Income $ 1,289,107.00 Total other income III Total available operating income-all sources City ClerklCOC Secy $ 688,805.00 Surplus Tax Increment City of San Bernardino $ 1,289,107.00 Total other income $ 1,977,912.00 Total all available operating income IV Other EDA Redevelopment Obligations $ 450,000.00 Salaries/Benefits (add'I amounts funded with CDBG and Low& Mod Funds) $ 662,000.00 Agency Operations $ 1,019,532.00 Contracts/Agreements $ 1,799,225.00 MSA/City Expenses $ 641,000.00 Property Mgmt1Mtce $ 254,000.00 Marketing/Sp'I Events $ 68,000.00 Consulting $ 25,000.00 Westside PAC $ 4,918,757.00 Total all other Obligations V EDA Obligations Compared to Total all Income 1999-2000 $ 1,977,912.00 Total all available operating income $ (4,918,757.00) Total all other Obligations $ (2,940,845.00) Operating surplus/(deficit) VI. EDA Invested Assets (Bond Proceeds&Tax Increment) 1. Fund balances as of 6130/1998 $ (10,000,000.00) 97-98 Projects and Operating Deficit $ 4,012,883.00 Bond Proceeds $ 5,031,890.00 Tax Increment $ 9,044,773.00 Total Funds Available 2. Fund balances as of 6130/1999 $ (2,289,575.00) Projected 98-99 operating surplus/(deficit) $ 3,312,390.00 Bond Proceeds $ 3,442,808.00 Tax Increment $ 6,755,198.00 Total Funds Available 3. Projected fund balances as of 6/30/2000 $ (2,940,845.00) Projected 99-00 operating surplus/(deficit) $ 371,545.00 Bond Proceeds $ 3,442,808.00 Tax Increment $ 3,814,353.00 Total Funds Available 4. Projected fund balances as of 6130/2001 $ (2,940,845.00) Projected 00-01 operating surplus/(deficit) $ 371,545.00 Bond Proceeds $ 501,963.00 Tax Increment $ 873,508.00 Total Funds Available iw� 0 0 0 0 0 0 0 0 0 0 0 0 0 0 cc O O O O 4 0 0 0 O 0 0 O X 0 0 0 U) c o 0 0 0 o rn m c n m cy� m H o a f c C O1. — of vi va fn fn 4 LU ci 0 0 0 0 0 0 0 0 0 to O O O 00 O O 00 O O 06 06 y uai m ro mm 0uoi °oo Of �nMm 0 0 0 0 ;� nvv M (O 0 C 0 0 ? W CD W m mro co ro ro of " OmoO tD (D M W O V y 9 m 0 7 CD C4 M n n L(J O C N N CA CA � 1 N r L, W2 N N N z . gam ., .� } m L d m M 0 0 O ME 0 0 0 0 a o 0 0 0 'Q 4) Saco of o0 o ci m G7roMro � Z Mfpm M o0 o M c nrnu> o U) (D O M O O O M A n L M N Y ocD Doi ao mt v �rivc+i �O C' D m u° n N m m d onaom M W N r m 6 C6 c rn yLo o n n o o r 5 y S O N 0 O O 0 '� d II II II II L N °om 00 °o m M M c ACnoo M � oo (6 g C r n .p� O fA fA EA M fA fA W lL W 1 O Q O A O O O O O O O O O O O O 0 O O 0 O C 0 O O O O 0 0 O 0 O O O O O O W O O O O W W 0 0 0 0 n n n N O 0 Q O O of V A O O CA tD tp N � r 2 N n O! Cr r r fA di 69 fA M f9 fA O Ifl W IA 69 LL O O p L A O CA O O O O O O 0 w r n r y C y U (D (O , 2 II N N T 0m 0 Ecc c -cc j E c � cc y y 0 LL > O «Ρ _ y > W A A Q a W Z G] N r N W 1..1 •q j N j y m > C. , t > W c c c ¢ ¢' � i°- LU D O z Q E ¢' ¢ ¢ ¢ w 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 00 0 � o °o °o c n m rn cro of CL - - - rn c» rn vi Q W w e» M mo° 0 0 0 0 C 000 N co M coo coo n Mn rom � (°noo � d C > fA M fA t9 E9 fA fA W Q � f9 M M M M O 0 0 O II x 0 0 0 M woo O' 0 0 O C n V V It- (CL M O O O O - d (O M M O M M W 06 W �' O pj 0 0 n M M M M O N D M V V N o m n n 00 C O N O M v(n O C4 W 2 C4 C C4 CL —m W to Vi E9 fA E9 t9 V ) y fA M tH i "� nn M o0 0 0 000 � � M (p M o0 o co d o 000 (o ro ai o 0 o ro rn of of c+i ao G1 t io (oM M o 0 0 M c r rn (no N M M M O O O (p A n M N Y O (O r O W W (O O M (Mp O (00 N V N N A y O r M W 3 (O N '- n O M M O M vi fA (A M M fA Q C M M cri fA C y ti n o r n o o r C N O (yp X000 cMp o o cop m _ rnrn °oo D M M O O U m D M O GD O d r N N N M M M (O A m .y M n n M M 'Ccnrnl� Lu mm o0 00 O.C. 00 0 °o, °o °o 0 Q o 0 00 0 0 00 o 00 0 o a o O o O o 0 0 c 0 W 0 o ao a6 ad d o o" 0 (np (rp (O an0 N (N C M O V V n O CJ th (A ( N +J -7 r M� � M f� N v r r fA f9 f9 fA fA f9 f9 O 19 (A W fA LL 0 0 0 L h O ' O O @ m 0 0 o U I� II w r n r N C y U Co M (+j C II W m 0 r fA E9 (A fA di fA fA O. D c D U C < < C N d 3 f=L > d « c c W > n N L N d z lL z LL c to W m m QM m m m m > :M: C.M t V > QQK I� W 00 - zQ QQQQ N O O O O X 0 0 0 O O O O X 0 0 0 V7 J O o 0 0 -a -Coco O Di O C p,O m W O N N r w fAw f9 a W www M O O O O O O O O W W O 100 0 0 000 M (O O O O O II . 0 0 0 N M M O O O O •y 9 0 V O ce m (Op. W W OOD O C N N (P Cn M (D O 00 C W O N N N E9 fA w w (A 69 w V r N 69 w w (D f D M 0 0 O M d O O O O r (D O M 0 0 O M O) c7 CO M a0 (d co co 3i 7 t0 e- t0 I� M D) (O CM 0 3 o rn rn o 0 (OD M (O M W CD (O d �-� - v E ww � ww WLL 000 0 00 0 o coo coo 0 m o o 0 0 0 0 O c o 0 °i000 W o 0 0 0 0 0 0 0 0 0 O O N Oct M V 0 r� o C 0 r r iris n � o` 3 N N fA (A f9 (» w w w O w w w w LL °0 00 0o m r r n 0 m es (n w w w w w E a r> 'c c N y lL 0. I ... j N > X y N d cc W Z W m � O� aci � ¢ ¢> oc ° woo ° is II City ObilaaMeM.Saned Upon 1M-1M Fundino Levels 1. Citywaster Service Agreement/Obligations $ 60;000:00 Council Office Assistant $ 32;000!00 Council'Of ices - $ 203;600:00 Planning $ 142,000:00 Code Enforcement $ 26;000!00 Traffic!Model $ 8,000!00 Affirmative Action $ 5,000:00 Safety Officer $ 7,000:00 City Clerk $ 60;000!00 5-levelParking Mice $ 20;000:00 Chairperson's Office $ 34;000:00 Chairperson's Office Addl $ 250,000!00 CVB subsidy $ 512,525.00 Mall Security Guards $ 125,000.00 Radisson subsidy $ 19,600.00 201 Bldg Security/Janitorial $ 158,100:00 Parking Lot Mtce/Operations $ 136,400!00 City Attomey $ 1,799,225.00 Total City MSA/Obligabons 2. EDA Tax Increment Debt for City Projects $ 283,000.00 South Valley COP's $ 765,000.00 Annual Bond Debt-Police Station $ 1,190;000:00 Annual Bond Debt-Baseball Stadium $ 255,000:00 Annual Bond Debt-Soccer Park . $ 2,493,000:00 Total Annual Bond Debt-City Projects 3. City Funded Activities with Low and Moderate Income Housing Fund (based upon 1998-1999 funding levels) $ 10;000:00 City Water/Sewer/Refuse Rebate Administration $ 146;400!00 Code Enforcement-Arden/Guthrie $ 250;000:00 Arden/Guthrie Mgmt&Operations $ 120;000100 Los-Padiinos $ 609;900!00 Rental'Certificate Program $ 33;000!00 Planning-Mobile Home Inspections $ 100,000!00 Cily�Attomey-Relocation of tenants $ 60000!00 LowllncomeUtility!Rebate Program $ 1,329,300.00 Total'City'Funded Activities with Low and Mod Fund 4. Total,ofiAIIIEDA-Funded City AgreementsfObligations and Activities $ 1,799,225!00 Total City MSA/Oblgations $ 2,4981000!00 TaW Annual Bond Debt-City Projects $ 1,329,300:00 TOW City Funded Activities with Low and Mod Fund $ 5;621,525:00 Total all EDA funded City Agreements/Obligations and Activities IX Summary of EDA Proposed 1999-2000 Budget and EDA versus City Expenditures 1. Summary of Total Expenditures by Category 1999-2000 Fiscal Year $ 19,879,952.00 Total EDA Expenditures from Tax Increment and other Income sources $ (11,707,300.00) Bonded Debt Service (Bonds and Sumitomo Loan) $ (2,666,871.00) Low and Moderate Income Housing Fund deposit $ (143,200.00) Fees and Charges $ (443,824.00) Pass-Through Agreements $ 4,918,757.00 Net Expenditures after Debt Service, L&M and Taxing Agency Obligations $ (1,799,225.00) MSA/City Expenses $ (3,119,532.00) All other EDA Admin and Redevelopment Activities $ - Net Income (Deficit) 2. Summary of Total Income Sources by Category 1999-2000 Fiscal Year $ 15,650,000.00 Total Projected Tax Increment Revenues $ 1,289,107.00 Total Other Income $ 2 940 845.00 Bond Proceeds applied to cover deficit(EDA operating subsidy) $ 19,879,952.00 Total EDA Use of Revenues and Bond Proceeds X Summary of Use of 1995 Refunding Bond Proceeds and 1994 State College $I OM Parity Bonds $ 10,000,000.00 Police Station- 1994 to 1995 $ 16,000,000.00 Baseball Stadium- 1995 to 1996 (plus an add'I $3M from prior Bond proceeds) $ 3,200,000.00 Patton Farms Soccer Complex- 1996 to 1997 $ 4,945,000.00 1995-96 EDA Operating Deficit $ 7,870,000.00 1996-97 EDA Operating Deficit $ 2,400,000.00 1997-98 EDA Operating Deficit $ 2,289,000.00 1998-99 EDA Operating Deficit $ 2,940,000.00 1999-00 EDA Operating Deficit $ 49,644,000.00 Total Bond Proceeds Expenditures since November 1995 $ 49,408,000.00 Total of 1994 State College Bond Proceeds and 1995 Refunding Bond Proceeds $ (236,000.00) Estimated Remaining Bond Proceeds invested with EDA as of 6/30/2000 0 0 0 0 O O o O 0 00 0 o v o 0 r rn o r ro O O O O 0 (6 N m O W k Zmo o Q m N C6 W W o 0 0 0 0 W � o °v 0 Ix � m � P. m .r.. n (Q O O O O O Cl) h ? W W m N m N r � ? .- w LU Of Q J o 0 °o 0 0 Qcn V r N N Of U v v v a�i LL O C C y V N C Wj y K a LL r K W AA �LL m > a aa) > 06 a) o n �- � a W II r I I 1 I ' CY) co 1 I I �I I 1 _ I 1 CD O O O O O O O O O O O O 1 O O O O 69 O O O O O O O O O O O O O O O O O O O O OD CO I N N_ 't 64 69 Ef? 64 (f} (f} O N O W N M N Ol E g 3 � 0 0 0 0 M N N N f0 N N OO R V 'Lo L f0 t0 (O ` .r- a . vMi � m � Nrn <+i to ui Sri r <o O N f0 a0 N N W A � ro o m N v n C p O c0 M (D N o a N N o a o 0 0 0 0 0 0 N � a Q C Q � Z A A ` 0 r r aD 01 e0 t0 N � 9 r o E o U O Z IL 0 o e v o o a v o g > E O � j03 d w w LL Q y Z 0 0 0 0 0 0 0 0 0 0 Z d w � ovNim ri W E d m O. o O r N r N N m oomm N W N N Wy c d � v rn M N v rn N v o 0 �- x : y � Q rn o rn N M (6 m L W Ld W m o m - — — - — - - W ~ U v> » en rn e» f» vi fn enw C 2 } mmmo�immmmm °o Qmmmmmoimmmm WA� c a� L E O N Co y q-- U O O o E O N Q Of ❑ ❑ 00'66 66,86 86�6 '16'96 � 96 s6 P6,86 O 86 Z6 D (>-6 L D L6 6 06 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Cl 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Oi w co u-i It m ta �r �» ECONOMIC DEVELOPMENT AGENCY RECOMMENDATIONS TO COMMISSION FOR FEBRUARY 18, 1999 WORKSHOP GOALS: 1. The EDA must replenish its reserves to a level of at least$7.5M and maintain such an unrestricted reserve balance to provide for the cash flow shortfall that occurs during the months of July through December of each fiscal year, ultimately, increasing this unrestricted reserve balance over a five (5)year period to $11.OM. Recommended Actions: a. Any cash received by the EDA from the sale of property or note repayments must be considered as the return of capital and must be applied to increase the EDA reserves until the five (5) year goal is reached. b. Any cash received by the EDA from the sale of property or note repayments shall not be applied towards funding any operating deficits of the EDA. C. Bond proceeds and/or any reserves in excess of the minimum $7.5M unrestricted reserve balance shall be leveraged and used for developments which increase assessed valuations within redevelopment project areas. 2. The EDA to cease deficit spending. Recommended Actions: a. The Eda will examine each budgeted line item for potential reductions in fiscal year 1999-2000. b. The City must dramatically reduce its dependency in phases upon the EDA's $5.62M annual subsidy. It is recommended that the City reduce its dependency by $1.8M for fiscal year 1999-2000. C. During the fiscal year 2000-01 eliminate the approximately $13M of the total $2.58M for debt service subsidy to the City by the City financing some portion of the debt incurred by the EDA for the Police Station, South Valle COP'S, Baseball Stadium and the Soccer complex. d. During the 2001-02 fiscal year eliminate the remaining $1.28M of the original $2.58M debt service subsidy by the City refinancing the debt incurred by the EDA for the remaining City projects. Notes: Any remaining deficit not addressed in fiscal year 1999-2000 will further reduce the EDA reserve balance,thus,creating a cash flow shortage in the months of July through December 2000. One-time revenues will not permanently reduce the deficit, and will only defer the deficit problem to the next year. Entered into Record at ORI�I�JAL CawlcdlCmyOevCmgMtg nv re Agenda Item Mid-Year Budget Review roty r.IprkICDC Secy Workshov City of San Deinardino February 18, 1999 EDA Board Room Agenda for the - C�r —Mid-year review and FY 99-00 budget projections —Major issues for next year —Budget timelines EDA: —Mid-year review and FY 99-00 budget projections —Major issues for next year —Budget timelines The Budget^Cy, le Mid-Year Review of City Budget Barbara Pachon Director of Finance Major Issues for FY 199 • COPS grant expiration • Stadium Fund deficit • Reduced transfers from EDA • Y2K • Capital Improvement Program Budget Projections for FY 1999-00 Barbara Pachon Director of Finance 2 Break Mid-Year Review of EDA Budget Barbara Lindseth Administrative Services Director Budget Process- • Budget packets distributed to dep —Bottom-line budget amounts —Personnel figures —Internal service charges —Budget system instructions and forms • Budget meetings held with departments and City Administrator,Finance staff • Preliminary budget document distributed • Budget hearings held with the Mayor and Council • Final budget is adopted by June 30 3 Nex • Consider fee updates and new fe.AEW —Recreation fees(Parks and Recreation) —Concealed weapons permits and renewals (Police) —Building permit and plan review fees (Development Services) —Owner release,livestock apprehension,and euthanasia request tees(Animal Control) • Consider community survey 4