Honorable Mayor and Members of the Hermosa Beach City Council Adjourned Regular Meeting of September 17, 2018
Title
REAPPROPRIATION OF FUNDS FROM 2017-18 TO 2018-19,
REVENUE REVISIONS RELATED TO THE REAPPROPRIATIONS
(Finance Director Viki Copeland)
Body
Recommended Action:
Recommendation
It is recommended that City Council:
1. Reappropriate amounts in the attached Exhibit A to the FY 2018-19 Budget and;
2. Approve revenue revisions related to the reappropriations in the attached Exhibit B. Totals by fund are highlighted in the attachments. The General Fund amount is $383,022.
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Background:
Reappropriations
Budget appropriations for 2017-18 expired on June 30, 2018. Equipment and supplies or services must have been received by June 30th in order to be charged to the 2017-18 Budget. Some departments have items or services that were budgeted in 2017-18 but were not delivered or complete by year-end. In these cases, unspent amounts for those items or projects need to be reappropriated, since they were not included in the 2018-19 Budget.
In the case of capital improvement projects, unspent funds are added to any amounts appropriated in the 2018-19 Budget, as necessary. The amount of prior year funding is estimated for budget purposes. If expenditures are higher than estimated for 2017-18, the 2018-19 amount will be reduced. If expenditures are less in 2017-18, the amount for 2018-19 will be increased as reflected in Exhibit A.
Revenue Revisions Related to the Reappropriations
For projects funded by grants, if amounts are reappropriated, the revenue estimate needs to be budgeted as well. (See Exhibit B) Conversely, if more funds are spent in the previous year, grant revenue estimated for 2018-19 need to be reduced.
Analysis:
The 2018-19 budgetary accounts will be revised to reflect the attached reappropriations and related revenue. See Exhibits A and B.
General Plan Consistency:
PLAN Hermosa, the City’s General Plan, was adopted by the City Council in August 2017. The Vision Statement and Guiding Principles adopted as part of PLAN Hermosa describe a future where “Hermosa Beach is the small town others aspire to be; a place where our beach culture, strong sense of community, and commitment to sustainability intersect” and a desire to be a catalyst for innovation with “forward-thinking approaches to anticipating future lifestyles, transportation trends and environmental realities are necessary for creating a durable sustainability plan.”
The policies relevant to agenda item are:
• Public Safety Goal 5. High quality police and fire protection services provided to residents and visitors.
o 5.3 Use of technology - Provide and use smart surveillance technology and communication systems to improve crime prevention and inform the community regarding actions to take in case of emergency.
o 5.7 Collaborate with neighboring jurisdictions - Cooperate and collaborate with neighboring jurisdictions and social services to maximize public safety and emergency services.
• Infrastructure Goal 1. Infrastructure systems are functional, safe, and well maintained.
o 1.2 Priority investments - Use City Council established priorities and the Capital Improvement Program (CIP) to identify and allocate funding for projects identified in the infrastructure plan.
• Infrastructure Goal 5. The stormwater management system is safe, sanitary, and environmentally and fiscally sustainable.
• Infrastructure Goal 7. A reliable and efficient telecommunications network available to every resident, business, and institution.
o 7.4 Emergency services technology - Prioritize telecommunications services used for the safety and well being of the community.
Attachments:
1. Budget Reappropriations from 2017-18 (Exhibit A)
2. Revenue Related to Budget Reappropriations (Exhibit B)
Respectfully Submitted by: Viki Copeland, Finance Director
Approved: John Jalili, Interim City Manager