Mid-Year Review and Adjustments, 2015

8/9/2019 Mid-Year Review and Adjustments, 2015

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Mid-Year Budget Review Fiscal Year 2014-15City of LakeportFebruary 17, 2015Margaret Silveira, City Manager

Daniel Buffalo, CP , C!M , Finan"e Dire"tor


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Agenda

PoliciesMid-year highlightsFY 14-15 udget review !here we"ve een !here we are !here we"re goingBudget ad#ust$entsFY 2015-1% Budget &cheduleManage$ent 'o$$unication(uestions )at any ti$e*


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Bu#getPoli"ie$Pages 25+-2%2FY 2014-15 Ado,ted'ity Budget

'ity Manager res,onsi le or ,re,aration andreco$$endations

.e,art$ent heads res,onsi le ordeter$ining costs o service and $a/inga,,ro,riation re uestsFinance .e,art$ent res,onsi le or ,re,aringrevenue de t service and reserve esti$ates

u$an Resources )Ad$in &ervices*res,onsi le or ,osition controlFinance res,onsi le or trac/ing e3,enditures

'o$,aring the$ to a,,ro,riations'ity Manager authori ed to ad#ust udgeta,,ro,riations at the de,art$ent level

o net a,,ro,riation increases to the und A$ounts etween $a#or categories re,orted to 'ouncil6ngoing o,erating costs should e su,,orted y ongoing sta le revenue sources

Fund alance and udget sur,lus availa le or one-ti$euses


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ighlights

Ma#or general und revenues are u, 78%9 ro$ last year

:o, ,er or$ers;&ales ta3; Bradley-Burns u, )178


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@eneral Fund 6ver :i$e)>3cluding trans ers*


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:o, :en Revenues 'o$,ared


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.e,art$ental >3,enditures


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'ity-wide >3,enditures


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@eneral Fund Balance


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>nter,rise Activity &ewer


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Redevelo,$ent &uccessor Agency

Activities;


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Ad$inistrativecosts;

Redevelo,$ent &uccessor Agency )cont*


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Billings and ,ass-throughs;

&olid !aste Manage$ent


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Budget Ad#ust$ents

>3,enditures are trac/ed closely Year-end esti$ates are eing ,ro#ected&everal accounts were identi ied in need o ana,,ro,riation increase

&o$e o set y decreases in other a,,ro,riations'ity Manager ad#usts udget o #ects )accounts*

within $a#or categories not to e3ceed unda,,ro,riation

&alaries and ene its6,erations.e t service'a,ital outlay


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B .@>: A.C &:M> :& )cont*

=denti ied cost savings in one area can e a,,lied tocost overruns in anotherBudget ad#ust$ents at any level are trac/ed yFinance and re,orted8 Year-to-date ad#ust$ents;


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Reco$$ended Budget Ad#ust$entsighlights


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Reco$$ended Budget Ad#ust$entsFund ?evel


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Reco$$ended Budget Ad#ust$ents.e,art$ent ?evel


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Budget &cheduleFY 15-1%

Activity Start Date

Begin Budget Prep for FY 15-16 March

Internal Budget Meetings Early April

Building Budget Docu ent Mid-April

First Budget !or"shop #ith $ouncil%Pu&lic 6%'%15

(econd Budget )earings #ith $ouncil *special

eeting%#or"shop+

6%,%15

Pu&lic )earing # $ouncil Adoption of either final ortentati.e &udget

6%16%15


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Manage$ent 'o$$unication

City ManagerMargaret [email protected]

City Clerk Janel Chapman [email protected]

City AttorneyDavid [email protected]

Administrative ServicesDirectorKelly [email protected]

Finance DirectorDaniel u#alod!u#[email protected]

Chief of Policerad Rasmussen

[email protected]

Community Development DirectorKevin [email protected]

Public Works DirectorMark [email protected]


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( >&:=6 &


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:han/ youD

Documents

Mid-Year Review and Adjustments, 2015