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6:30 P.M.

 

 

INVOCATION:           Reverend Ross Purdy, First Presbyterian Church.

The Courts have concluded that sectarian prayer as part of City Council meetings is not permitted under the Constitution.

FLAG SALUTE:

 

ROLL CALL:

 

 

JOINT MEETINGS WITH THE CITY COUNCIL, REDEVELOPMENT AGENCY, PARKING AUTHORITY AND YOUTH ENDOWMENT SERVICES FUND BOARD:

 

1.      ADOPTION OF FISCAL YEAR 2005-06 ANNUAL BUDGET, CITYWIDE FEE SCHEDULE AND APPROPRIATIONS LIMIT:

 

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

 

On February 15, 2005, staff presented the mid-year report, which not only advised how the City was operating six months into the year, but also requested adjustments to the FY 2004-05 budget to address expenditures which had surfaced since its adoption in June 2004.  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 the Council�s review prior to the annual May Goal Setting Workshop held on May 7, 2005.

A more finalized overview of the Proposed FY 2005-06 budget was presented to the 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 the Council the opportunity to review each department�s budget, and provide an opportunity for questions and modifications to the budget.

 

Notable changes made to the budget between the April 19, 2005 and the May 10, 2005 sessions included adjusting overtime for both the Police and Fire Departments, restoring the outreach probation officer position (per Council direction) and updating the Pension Obligation Bond principal and interest payments for the Fire and Police Departments.  Another item requested by the Council that was incorporated was the discontinuation of 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 the Council requested at the May 24, 2005 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.  The Council directed that the Utility Users Tax (UUT) In-Lieu Set Aside Account be used.  In addition, the 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).  The 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 following public testimony and completing its final review, the 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:

1.   (4/5 vote required)

 A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK ADOPTING THE BUDGET FOR FISCAL YEAR 2005-2006, AND MAKING APPROPRIATIONS FOR AMOUNTS BUDGETED.

 

2.   (4/5 vote required)

A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK DETERMINING AND ESTABLISHING THE CITY�S APPROPRIATIONS LIMIT FOR FISCAL YEAR 2005-2006.

 

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

 

4.   (4/5 vote required)

A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK AMENDING THE BUDGET FOR FISCAL YEAR 2004-2005 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 Board resolution entitled:

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

 

 

2.         Update of THE City Council�s Adopted Financial Policies:

 

Staff requests Council approval of updates and revisions to the City�s Financial Policies.  The Council adopted the original Financial Policies on January 9, 1990, and subsequently amended them on January 2, 1996 and May 28, 1998.  Additionally, the Council adopted a Burbank Water and Power (BWP) Financial Reserves Policy on June 10, 2003. These Financial Policies serve as a solid foundation in guiding elected City officials and staff with respect to managing all the City�s resources.