PURPOSE:

The purpose of this report is for the City Council, Redevelopment Agency, Housing Authority, Parking Authority and Youth Endowment Services (YES) Fund Board to adopt the Fiscal Year (FY) Annual Budget for 2005-06, Citywide Fee Schedule, and Appropriations Limit.

BACKGROUND:

On February 15, 2005, staff presented the Council with the mid-year report, which not only advised how the City was operating six months into the year, but also requested adjustments to the current Budget to address expenditures which had surfaced since its approval in June.  Further, the report previewed some of the key components that were being considered in the development of the FY 2005-06 Budget.

On April 19, 2005, staff presented a very preliminary overview of the Proposed FY 2005-06 budget, along with the five-year forecast.  The Proposed Budget documents were distributed on May 4 and 5, 2005 for Council�s review prior to their annual May Goal Setting Workshop held on May 7, 2005.

A more finalized overview of the Proposed FY 2005-06 budget was presented to Council at its first Budget Study Session held on May 10, 2005.  Additional Budget Study Sessions were held on May 17 and May 24, 2005.  The purpose of these sessions was to give Council the opportunity to review each department�s budget, and to provide an opportunity for them to ask questions and make modifications to the budget.

Notable changes made to the budget between the April 19^th and the May 10^th sessions included adjusting overtime for both Police and Fire, restoring the outreach probation officer (per Council direction), and updating the Pension Obligation Bond principal and interest payments for Fire and Police Departments.  Another item requested by Council that was incorporated was to discontinue the $475,000 General Fund transfer to the City Centre Redevelopment Project Area.  The result of these changes increased the General Fund appropriations by a net $390,651.

Additional changes totaling $300,000 (all non-recurring) that Council requested at the May 24^th meeting included establishing a reserve interest-bearing account for the PerformArts Grant; Code enforcement pilot project funding; and additional sidewalk repair funding to increase the annual amount to the originally planned $500,000.  Council directed that the Utility Users Tax (UUT) In-Lieu Set Aside Account be used.  In addition, Council directed to take $35,000 from the current soccer field project and redirect it for architectural services to refurbish both track/stadium facilities at Burbank and Burroughs High Schools (no additional fiscal impact).  Council was also in concurrence with staff�s plan to expedite the Buena Vista Street improvement plan (at no additional cost).

The Annual Public Hearing for the Budget was held on June 7, 2005, and after hearing public comments and completing its final review, Council made no further changes to the Proposed Budget.

The following chart illustrates the source of funds and appropriations for each fund or fund type for the FY 2005-06 Budget:

RECOMMENDATION

Adoption of proposed City Council resolutions entitled:

(4/5 vote required)

1.      A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK ADOPTING THE BUDGET FOR FISCAL YEAR 2005-06, AND MAKING APPROPRIATIONS FOR AMOUNTS BUDGETED.

(4/5 vote required)

2.      A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK DETERMINING AND ESTABLISHING THE CITY�S APPROPRIATIONS LIMIT FOR FISCAL YEAR 2005-06.

(3/5 vote required)

3.   A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK ADOPTING THE BURBANK FEE RESOLUTION.

(4/5 vote required)

4.      A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK AMENDING THE  BUDGET FOR FISCAL YEAR 2004-05 PROVIDING FOR THE PURPOSE OF MAKING APPROPRIATIONS FOR AMOUNTS DELINEATED.

Adoption of proposed Redevelopment Agency resolution entitled:

A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK ADOPTING THE BUDGET FOR FISCAL YEAR 2005-2006.

Adoption of proposed Housing Authority resolution entitled:

A RESOLUTION OF THE HOUSING AUTHORITY OF THE CITY OF BURBANK ADOPTING THE BUDGET FOR FISCAL YEAR 2005-2006.

Adoption of proposed Parking Authority resolution entitled:

A RESOLUTION OF THE PARKING AUTHORITY OF THE CITY OF BURBANK ADOPTING THE BUDGET FOR FISCAL YEAR 2005-2006.

Adoption of proposed Youth Endowment Services Fund resolution entitled:

A RESOLUTION OF THE YOUTH ENDOWMENT SERVICES FUND OF THE CITY OF BURBANK ADOPTING THE BUDGET FOR FISCAL YEAR 2005-2006.

Attachments

Staff Report dated June 7, 2005 from the Public Hearing

Proposed Resolutions

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