HomeMy WebLinkAbout08 FY BUDGET APPROVAL 07-06-04
Agenda Item
8
AGENDA REPORT
Reviewed: It
City Manager
Finance Director
MEETING DATE:
JULY 6, 2004
TO:
FROM:
WILLIAM A. HUSTON, CITY MANAGER
RONALD A. NAULT, FINANCE DIRECTOR
SUBJECT:
RESOLUTION NO. 04-61 APPROPRIATING FUNDS FOR VARIOUS
CITY BUDGETS FOR THE FISCAL YEAR 2004/2005
SUMMARY:
The City Council is requested to approve the attached Resolution adopting the budgets for the City,
the Water Enterprise and the Tustin Legacy Enterprise for Fiscal Year 2004/2005.
RECOMMENDATION:
Adopt Resolution No. 04-61 adopting the City budget and appropriating from the anticipated revenues
of the City for fiscal year 2004/2005 Governmental Funds of $54,347,571; Special Revenue Funds,
$23,559,375; Water Enterprise Funds, $16,241,480; Tustin Legacy Enterprise Fund of $1,208,452;
and the City's FY 2004/2005 Classification/Compensation Plan.
FISCAL IMPACT:
The adoption of Resolution No. 04-61 will establish the anticipated expenditures for the City of Tustin
during fiscal 2004/2005 at $95,356,878. This Resolution does not include the Redevelopment Agency
Budget, which will be adopted separately.
DISCUSSION:
The Draft 2004/2005 City of Tustin Program and Financial Plan was presented to the City Council at
the budget workshop held on June 21, 2004. At the workshop the City Council reviewed key
elements of the proposed budget. They did not direct staff to make any changes to the Draft Budget
as wesented.
~ b. ¡J~
Ke th . Neves
Senior Management Analyst
Attachment
B U DG ET & CAF R: C ¡lyB udgeISlaffReport2004 . doc
RESOLUTION NO. 04-61
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA,
ADOPTING THE CITY BUDGET AND APPROPRIATING FROM THE ANTICIPATED
REVENUES OF THE CITY FOR THE FISCAL YEAR 2004-2005
WHEREAS, in accordance with Section 1415h of the Tustin City Code, the
City Manager has prepared and submitted to the City Council a Proposed Annual
Budget for the 2004-2005 fiscal year, beginning July 1, 2004; and
WHEREAS, the City Council, as the legislative body of the City, has reviewed
this proposed budget;
NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve,
determine and order as follows:
SECTION 1. A certain document is on file in the office of the City Clerk of the
City of Tustin, being marked and designated "City of Tustin Draft Budget 2004-2005".
Said document, as prepared by the City Manager and reviewed and adjusted by the
City Council, is hereby adopted for the fiscal year commencing July 1, 2004.
SECTION 2. The following sums of money are hereby appropriated from the
anticipated revenues of the City of Tustin for the 2004-2005 fiscal year.
GOVERNMENTAL FUNDS
General Fund
Capital Projects
Tustin Street Lighting District
Tustin Landscape & Lighting District
Equipment Replacement Fund
Risk Management Funds
$
38,087,905
12,077,237
1,412,000
518,300
716,766
1.535.363
TOTAL GOVERMENTAL FUNDS
$
54,347,571
Page 2
City Budget Resolution No. 04-61
SPECIAL REVENUE FUNDS
SCAQMD
Asset Forfeiture
Public Safety Augmentation
Supplemental Law Enforcement
Marine Base Closure
CDBG
Measure "M"
Gas Tax
Park Development
Reassessment District 95-1
$
TOTAL SPECIAL REVENUE FUNDS
$
WATER ENTERPRISE
Operations/Debt Service
Capital Improvements
TOTAL APPROPRIATION WATER ENTERPRISE
TUSTIN LEGACY ENTERPRISE
Operations
TOTAL TUSTIN LEGACY ENTERPRISE
GRAND TOTAL
0
0
230,000
0
0
977,000
16,487,083
4,326,817
1,178,505
359.970
23,559,375
$
10,014,107
6.227.373
$
16,241,480
$
$
1.208.452
1,208,452
$
95,356,878
PASSED AND ADOPTED at a regular meeting of the City Council of the
City of Tustin, California, held on the 6th day of July, 2004.
TONY KAWASHIMA
Mayor
ATTEST:
PAMELA STOKER
City Clerk
CITY OF TUSTIN
RESOLUTION CERTIFICATION
STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF TUSTIN
)
) SS
)
RESOLUTION NO. 04-61
Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin,
California, does hereby certify that the whole number of the members of the City Council
is five; that the above and foregoing Resolution was duly and regularly passed and
adopted at a regular meeting of the City Council held on the 6th day of July, 2004, by the
following vote:
COUNCILMEMBER AYES:
COUNCILMEMBER NOES:
COUNCILMEMBER ABSTAINED:
COUNCILMEMBER ABSENT:
PAMELA STOKER
City Clerk
BUDG:CityBudgetResolutionO4-61.doc