HomeMy WebLinkAbout16 RES 01-75 BUD 01-02 07-16-01AGENDA REPORT
NO. 16
07-16-0.1
MEETING DATE:
JULY 16, 2001
330-50
TO:
WILLIAM A. HUSTON, CITY MANAGER
FROM:
RONALD A. NAULT, FINANCE DIRECTOR
SUBJECT:
RESOLUTION NO. 01-75 ADOPTING THE CITY BUDGET AND
WATER ENTERPRISE BUDGET FOR THE FISCAL YEAR 2001/2002
SUMMARY:
The City Council is requested to approve the attached Resolution adopting the budgets for the City and
the Water Enterprise for Fiscal Year 2001/2002.
RECOMMENDATION:
Adopt Resolution No. 01-75 appropriating the City's Governmental Funds of $44,857,356; Special
Revenue Funds, $17,263,200; and the City's Water Enterprise Budget of $22,473,831.
FISCAL IMPACT:
The adoption of Resolution No. 01-75 will establish the anticipated expenditures for the City of Tustin
during fiscal 2001/2002 at $84,594,387. This Resolution does not include the Redevelopment Agency
Budget, which will be adopted separately.
DISCUSSION:
The Draft 2001/2002 City of Tustin Program and Financial Plan was presented to the City Council at a
budget workshop held on July 2, 2001. 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 presented. Staff
has completed a final review of the detail documents and has identified two changes to the Draft that
have been incorporated in the adopting Resolution.
.
,
The annual transfer of the Tustin new construction tax from the General Fund to the Park
Development Fund was left out of the Draft Budget: General Fund + $24,000
The Water Enterprise Bond Debt Service interest payment did not carry forward from the
Budget detail to the Fund Balance Schedule: Water Operating Expense + $531,600
Ronald A. Nault
Finance Director
RAN:ts
Attachment.
BUDG&CAFR:CilyBudgetStaffReport2001.doc
RESOLUTION 01-75
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 2001-2002.
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 2001-2002 fiscal year, beginning July 1, 2001; and
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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:
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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 2001-2002". 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, 2001.
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SECTION 2. The following sums of money are hereby appropriated from the
anticipated revenues of the City of Tustin for the 2001-2002 fiscal year.
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GOVERNMENTAL FUNDS
20
25
General Fund
Capital Projects
Tustin Street Lighting District
Tustin Landscape & Lighting District
Equipment Replacement Fund
Risk Management Funds
TOTAL GOVERMENTAL FUND
35,605,481
6,017,875
599,250
481,50O
694,00O
1,459,250
44,857,356
2'7
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Page 2
City Budget
SPECIAL REVENUE FUNDS
4
5
6
7
8
9
10
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
0
0
200,900
149,000
0
1,708,964
5,956,294
6,559,137
2,688,905
0
17,263,200
13
14
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WATER ENTERPRISE
Operations/Debt Service
Capital Improvements
TOTAL APPROPRIATION WATER ENTERPRISE $
$ 10,110,659
12,363,172
22,473,831
17
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GRAND TOTAL $ 84,594,387
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PASSED AND ADOPTED at a regular meeting of the City Council of the
City of Tustin, California, held on the 16th day of July, 2001.
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ATTEST:
Tracy Wills Worley
Mayor
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Pamela Stoker
City Clerk
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