BURBANK REDEVELOPMENT AGENCY
Tuesday, June 6, 2006
AGENDA
CITY COUNCIL CHAMBER - 275 EAST OLIVE AVENUE
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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, HOUSING AUTHORITY, PARKING AUTHORITY AND YOUTH ENDOWMENT SERVICES FUND BOARD:
1. PROPOSED FISCAL YEAR 2006-07 ANNUAL BUDGET, CITYWIDE FEE SCHEDULE AND APPROPRIATIONS LIMIT:
The purpose of this report is to present the Proposed Fiscal Year (FY) 2006-07 Annual Budget, Citywide Fee Schedule and Appropriations Limit to the City Council, Redevelopment Agency Board, Housing Authority, Parking Authority and Youth Endowment Services Fund Board for a public hearing. The adoption of the FY 2006-07 Budget is scheduled to be considered on June 20, 2006.
On February 14, 2006, staff presented the Council with the mid-year report, which advised how the City was operating six months into the fiscal year. In May 2005, five budget study sessions were held for the Council to review each department�s Proposed Budget for FY 2006-07, and make any desired modifications. Notable changes made during the sessions affecting recurring expenditures included: restoring two frozen police officer positions, adding two police cadet positions, a forensic specialist and a kennel attendant; additional funding for citywide training; and, ramping up for an enhanced Burbank Bus circulator. The Council also agreed to set aside an additional $1 million for infrastructure maintenance and repairs.
GENERAL FUND�S FINANCIAL STATUS:
The following summarizes the Proposed Budget and Council modifications for the FY 2006-07 budget:
|
RECURRING GENERAL FUND BALANCE |
|
|
Available Recurring Revenues |
$129,438,975 |
|
|
|
|
Less: |
|
|
Recurring Appropriations (including MOU labor agreement impact) |
129,342,340 |
|
Recurring Surplus/(Deficit) |
$ 96,635 |
|
|
|
|
NON-RECURRING GENERAL FUND BALANCE |
|
|
Projected Undesignated Fund Balance � July 1, 2006 |
$ 2,412,203 |
|
Less Required Reserves |
(2,353,000) |
|
Less Projected One-Time Appropriations |
(3,201,554) |
|
Available Non-Recurring Balance/(Deficit) |
(3,142,351) |
|
Use of Reserves (PERS and Budget Stabilization Funds, UUT-In Lieu Set Aside) |
3,142,351 |
|
Non-Recurring Balance, June 30, 2007 |
$0 |
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 for FY 2006-07. Even with these proposed fee and rate increases, Burbank is still well within the range of comparison cities� fees for the same items.
GANN INITIATIVE APPROPRIATIONS LIMIT
The City is required by State law to establish an appropriations limit each fiscal year. The City�s FY 2006-07 appropriations limit is estimated to be $136,356,986. The actual amount of the appropriations contained in the budget that is subject to the limit is $99,833,207. The difference between the City�s appropriations limit and the amount subject to it is $36,523,778. As a result, the City is well below its appropriations limit.
FISCAL IMPACT
The General Fund will have a recurring balance of $96,635 and a projected Undesignated Fund (non-recurring) deficit of $3 million (before balancing). As presented to Council during the budget study sessions, staff recommends using the Public Employee Retirement System and Budget Stabilization Funds, and the Utility Users Tax In-Lieu Set Aside account to fund those non-recurring items recommended by the Council.
Recommendation:
Staff recommends that the Council, Redevelopment Agency Board, Housing Authority, Parking Authority and Youth Endowment Services Fund Board conduct the public hearing on the Proposed Fiscal Year 2006-07 Annual Budget, Citywide Fee Schedule and Appropriations Limit. Staff will incorporate any direction into the budget resolutions that will be presented on June 20, 2006 for final adoption.
CONSENT CALENDAR: (Item 2)
The following item may be enacted by one motion. There will be no separate discussion on this item unless a Member so requests, in which event the item will be removed from the consent calendar and considered in its normal sequence on the agenda. A roll call vote is required for the consent calendar.
2. MINUTES:
Approval of minutes for the regular meetings of January 31, February 7, February 14, February 21, March 14, March 21, April 4 and April 25, 2006.
Recommendation:
Approve as submitted.
END OF CONSENT CALENDAR
RECESS to continue the Housing Authority, Parking Authority, Youth Endowment Services Fund Board and the City Council meetings.
ADJOURNMENT.