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                                                                      6:30 P.M.

INVOCATION:          

                                     The Courts have concluded that sectarian prayer as part of City Council

                                     meetings is not permitted under the Constitution.

FLAG SALUTE:

ROLL CALL:

JOINT PUBLIC HEARING WITH THE CITY COUNCIL, REDEVELOPMENT AGENCY, HOUSING AUTHORITY, YOUTH ENDOWMENT SERVICES FUND BOARD AND BURBANK PUBLIC FINANCING AUTHORITY:

1.         PROPOSED FISCAL YEAR 2007-08 ANNUAL BUDGET, CITYWIDE FEE SCHEDULE (INCLUDING FEES AND CHARGES FOR WATER, SEWER AND REFUSE SERVICE), APPROPRIATIONS LIMIT AND ANNUAL COUNCIL GOALS:

The purpose of this report is to: 1) present the Proposed Fiscal Year (FY) 2007-08 Annual Budget, Citywide Fee Schedule and Appropriations Limit to the Council, Redevelopment Agency, Housing Authority, Parking Authority, Public Financing Authority and Youth Endowment Services Fund Board for a public hearing.  The adoption of the FY 2007-08 Budget is scheduled to be considered at the June 19, 2007 Council meeting; and, 2) present the Council with the FY 2007-08 Council Goals implementation matrix, request that the Council verify those items which are not to be included as part of the FY 2007-08 Council Goals and provide any final direction.

On May 8, 2007, staff presented a preliminary overview of the Proposed FY 2007-08 Budget along with the Five-Year Forecast.  The Proposed Budget documents were distributed on May 3, 2007 for the Council�s review prior to their Annual Council Goal Setting Workshop held on May 5, 2007.  During the workshop, each Council Member provided his or her top goals for the upcoming fiscal year.

Budget Study Sessions (BSS) were held on May 8, May 15 and May 22, 2007.  The purpose of these sessions was to give the Council the opportunity to review each department�s budget, ask questions and make modifications to the budget.  Additionally, on May 29, 2007, the Council reviewed their respective goals, created a single list of consensus Council Goals for the upcoming year and recommended funding for various items.

GENERAL FUND�S FINANCIAL STATUS:

After incorporating all the changes recommended by the Council during the BSS, the following summarizes the Proposed General Fund Budget (GFB) for FY 2007-08.  This summary incorporates the $790,000 of additional items that the Council included as part of overall budget deliberations.  If adopted as is, the current GFB is balanced with a remaining overall projected balance of $286,726.

PROPOSED CITYWIDE FEE SCHEDULE:

The primary purpose of the Citywide Fee Schedule is to provide a one-stop listing of all City fees, charges and rates.  The Fee Schedule is updated annually during the budget process.

Several proposed fee increases for services, permits, electric rates, water rates, sewer rates and refuse rates are included in the proposed budget.  The proposed electric, water, sewer and refuse rate increases will raise a typical residential customer�s monthly bill by approximately $7 to $8 for FY 2007-08.  These proposed increases are necessary to cover growing operating costs and comply with the City�s Fiscal Policies.  Even with these proposed fee and rate increases, Burbank is still well within the range of comparison cities� fees for the same items.

Also, as a result of the recent Bighorn-Desert View Water Agency Decision, staff has complied with the new extended noticing requirement for Property-Related Fees that pertain to certain water, sewer and refuse charges.

GANN INITIATIVE APPROPRIATIONS LIMIT:

The City is required by State law to establish an appropriations limit each fiscal year. The City�s FY 2007-08 appropriations limit is estimated to be $143,579,990.  The actual amount of the appropriations contained in the budget that is subject to the limit is $105,803,101.  The difference between the City�s appropriations limit and the amount subject to it is $37,776,889.  As a result, the City is well below its appropriations limit. 

FY 2007-08 COUNCIL GOALS:

As a follow-up to the May 29, 2007 Council meeting, staff has provided a matrix which itemizes the implementation of the FY 2007-08 Council Goals to serve as a kick-off point.  Additionally, there are several goal items which are not included in the matrix.  These goals are currently being implemented through various City projects and programs, and will continue to be carried out in FY 2007-08.  Therefore, staff did not believe it was necessary to include them in the matrix.  Finally, there were also a few goal items which the Council discussed, but did not designate as goals to be added to the final consensus list.  Staff is requesting Council verification that these items are not to be included as part of the FY 2007-08 Council Goals.

FISCAL IMPACT:

The adoption of the Budget sets the initial appropriations for the new fiscal year.  For FY 2007-08, total appropriations of $139,534,334 have been balanced against estimated revenue in addition to the use of fund balance.  If adopted as is, the overall GFB will be balanced with a projected overall balance of $286,726 at year�s end.

Recommendation:

Staff recommends that the Council, Redevelopment Agency, Housing Authority, Parking Authority, Public Financing Authority and the Youth Endowment Services Fund Board conduct the public hearing on the Proposed Fiscal Year 2007-08 Annual Budget, Citywide Fee Schedule and Appropriations Limit, and to provide final direction with regards to the FY 2007-08 Council Goals.  Staff will incorporate any final Council direction into the Budget resolutions that will be presented to the Council on June 19, 2007 for final adoption.

RECESS to continue the City Council meeting.

ADJOURNMENT.