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HomeMy WebLinkAbout5/6/2009 - STAFF REPORTS - 5.A. 2009 -- 2010 General Fund Budget Overview City of Palm Springs NO Ri a c o a a 5/6/2009 City of Palm Springs 2009-2010 Budget 1 Preliminary Projected Deficit for 2009 — 2010 $59000,000 Estimated Revenues Reduced (for 2008-2009) 1 ,300,000 Property Tax Decrease per County Assessor 6005000 Police Mgt / MAPS / GU COLA Increase 1 ,000,000 PERS, Health, Other Increases 11300,000 Indian Gaming SDF Loss 370003000 CRA Revenue Reduction 100,000 County Homeless Shelter Support Increase $12,300,000 Projected Deficit 5/6/2009 City of Palm Springs 2009-2010 Budget 2 Budget Reduction Plan $'' 11 .4 million _ -- $ 1 ,332 , 000: Current vacancies — 13 FTE u $973, 000: Voluntary Program to Leave Service --* Net reduction of 11 FTE $2 ,013,000 Nonpublic safety employee furloughs = 10% compensation reduction $300,000 City Council , City Manager, and Department Heads = 10% compensation reduction $544,000: Other compensation items 5/0/2009 City of Palm Springs 2009-2010 Budget 3 Budget Reduction Plan $ 11 .4 million $ 1 ,030, 000: Police TBD (4% of $24.2 million budget) $590, 000 : Fire TBD (4% of $15.4 million budget) J $653, 000: Position lay-offs f l $7503000 : 10% reduction in departmental budgets ; non-personnel LJ $975, 000 : Capital projects reductions —�— L $500,000: Motor vehicle replacement delays $419, 000 : Events / Contributions reductions L� $ 1 ,450,000: Other administrative reductions 5/6/2009 City of Palm Springs 2009-2010 Budget 4 2009 - 2010 Revised- Budget Deficit Revenues $6613003000 Expenses 78,600,000 Preliminary Projected Deficit ($ 123300,000) Budget Reduction Plan 115400,000 Deficit After Budget Reduction Plan ($9001000) 5/6/2009 City of Palm Springs 2009-2010 Budget 5 Reserves for 2008 -09 & 2009 - 10 Projected 2- Year Reserves (in millions): 2008-2009 Beginning Reserve $11 .6 2008-2009 Projected Deficit * (5.0) 2008-2009 Ending Reserve $6.6 2009-2010 Beginning Reserve $6.6 2009-2010 Budgeted Deficit (0.9) 2009-2010 Ending Reserve $5.7 * Minimum revenue shortfall. Assumes property tax revenues equal to amount budgeted. 5/6/2009 City of Palm Springs 2009-2010 Budget 6 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS CALIFORNIA, SUSPENDING THE PROVISIONS OF PALM SPRINGS MUNICIPAL CODE SECTION 2.04.020 AND 2.04.021 REDUCING THE COMPENSATION OF THE MAYOR AND COUNCILMEMBERS. THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. Notwithstanding the provisions of Palm Springs Municipal Code Section 2.04.020, the compensation of the City Councilmembers shall be reduced from $2,433 per month to $2,190 per month, and any median adjustment scheduled for January 1, 2010 is hereby suspended for Fiscal Year 2009-10. SECTION 2. Notwithstanding the provisions of Palm Springs Municipal Code Section 2.040.021, the compensation of the Mayor shall be reduced from $3,650 per month to $3,285 per month, and any median adjustment scheduled for January 1, 2010 is hereby suspended for Fiscal Year 2009-10. SECTION 3. The compensation set in Section 1 and Section 2 of this Resolution shall be effective with the City payroll period ending May 16, 2009, and shall remain in full force and effect through the payroll period ending June 26, 2010, unless otherwise modified, rescinded, or extended by the City Council. ADOPTED THIS 6T" DAY OF MAY, 2009. David H. Ready, City Manager ATTEST: James Thompson, City Clerk ITEM NO. � ./9. . Resolution No. Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that Resolution No. _ is a full, true and correct copy, and was duly adopted at a regular meeting of the City Council of the City of Palm Springs the 6th day of May, 2009, by the following vote: AYES: NOES: ABSENT: ABSTAIN: James Thompson, City Clerk City of Palm Springs, California i TO: Mayor and Council Members FROM: City Manager i DATE: May 6, 2009 RE: Fiscal Year 2009/2010 Preliminary Budget; Operating Fund Overview j Attached you will find the 2009/2010 Fiscal Year Operating Fund preliminary budget document. This Fund includes both the General and Community Promotions revenues and expenditures, which represents the majority of City operations. The figures presented herein include projected revenues for the new Fiscal Year, based upon our current year's revenue experience. This is a conservative measure, but one that is prudent given the uncertainty of the local, regional and national economy. Specifically, we have seen most revenue sources become static or dramatically decline. As we presented to Council on April 15th, budget projections for the end of this Fiscal Year find the City with at least a $5 million deficit, which will require the City's Reserve Fund (currently, $11 million) to cover the loss. As a result, several cost saving measures have already been instituted, such as maintaining current vacant employee positions and the "Incentive to Leave Program," which Council had recently approved. Moreover, we have been notified by the County Assessor's Office to expect an additional $1.3 million less in property taxes next year, and the State will not be providing approximately $1 million in Gaming Special Distribution funds received in previous years These and other revenue reductions, combined with expected increases in expenditures (COLAs, PERS and health care insurance rate increases, etc ), threaten the City with over a $12 million deficit in the upcoming Fiscal Year, beginning July 1, 2009. Hence, the expenditure side of the proposed budget is reflective of this new revenue paradigm and we are proposing a set of deficit reduction measures in the new Fiscal Year of approximately $11 million. These measures range from employee furloughs and additional position layoffs to significant reductions in certain Capital expenditures and Special Events/Contributions. To date, the expenditure reductions have been primarily in the non-safety operations; PALM O 1�4�1� j0P u` N n I �R CgCIFO however, to attain our deficit reduction requirements, some safety areas will also be required to participate in cost savings. We will be presenting Council with several alternatives to consider during the upcoming budget deliberations. Finally, in terms of budget process, this is the beginning of a discussion which must culminate in final budget adoption prior to the new Fiscal Year, commencing July 1, 2009. Given the expected deficit projections and exigent circumstances requiring additional cost saving decisions, the budget will be agendized for discussion at each Council Meeting in May and June. Budgets for other Funds, including the enterprise operations and the Airport, will be submitted at the Council Meetings of May 13th and 270. The required Budget Public Hearing will be noticed for the Council Meeting of June 3, 2009, The Finance Department and entire staff have worked diligently to provide this document, and I know you join me in thanking them for their efforts. Moreover, all City employees must be recognized for their sacrifices, in furloughs and other cutbacks, as we all work to maintain the financial integrity of Palm Springs, and continue to serve our citizens. Respectfully Submitted, David H. Ready, Esq., Ph.D., City Manager 1 J IL I PEF AT N F E IEW t , . 1 .? t"f a• yy�� .f1M"��^Myrrp i I p-I It dh ems.. t �c ,1 � war-. •r�'_ .„ � D p r m t i M n m~ ■Tree}a ul O City of Palm Springs Table of Contents Operating Funds Revenue.................................................................. page 1 Appropriations..........................................................page 2 Summary--........................................................... page 3 Expenditure Detail by Department...............................page 4 Special Events & Contributions.................................. page 6 Cash Balance........................................................... page 7 BUDGET CALENDAR May 6, 2009 City Council Meeting - Preliminary Budget General & Community Promotion Fund May 13, 2009 City Council Study Session - Budget Discussion May 27, 2009 City Council Study Session - Budget Discussion June 3, 2009 Public Hearing for City Budget 511/2009 MAJOR REVENUE FUNDS FY 08-09 FY 08-09 FY 09-101. % change 'Category Anoroved Pro ected FY 09.10 Property Taxes 20,430,000 20,430,000 19,130,000 -6,36% Sales and Use Taxes 9,500,000 8,901,473 8,805,598 -7.31% Transient Occupancy 15,000,000 12,500,000 12,500,000 -16.67% Utility Users Tax 7,200,000 6,000,000 6,500,000 -9.72% Franchise Fees 3,200,000 3,034,412 3,050,000 -0.69% Vehicle In-Lieu Fees 4,250,000 4,134,853 4,150,000 -2.35% Administrative Charges 1,628,364 1,628.364 1,825,547 12.11% Business Licenses 950,000 905,808 910,000 4.21% Building Permits 800,000 722,869 725,000 -9.38% Interest CRA Loan 5,000,000 5,000,000 2,000,000 -60.00% New Development Tax 400,000 106,261 120,000 -70.00% All Other Sources 7,265,531 6,628,592 6,721,565 -7.49% Subtotal 75,623,895 69,992,632 66,437,710 -12.15% Transfers In 600,000 4,255,000 600,000 0,00% TOTAL $76,223,895 $74,247,632 $67,037,710 -12.05% Where the Money Comes From Administrative Bwlding Permit Charge 1"I In-Lieu Fees Bus Licenses 27°/ 1 4% Development Motor Vehicle Tax 6.2% 2% Franchise Fees All Other 4.60/6 �_ _ Sources& CRAInt. 13.1% Utility Users - Tax Transient Property Taxes Occupancy Tax Sales&Uses 28.8% 18.8% Tax 13.3°% "Operating Funds includes General Fund (001)and Community Promotion Fund 112 City of Palm Springs FY 2010 Proposed Budget page 1 APPROPRIATIONS FY 08-09 FY 0940 % Change catencry Approved Pro dsed FY09-10 Administration 9,058,669 5,497,176 -39.32% Growth Management 4,614,836 4,458,985 -3.38% Quality of Life 8,923,541 8,256,179 -7.48% Public Safety 33,397,478 30,474,883 -8,75% Public Works & Eng. 5,127,944 4,816,424 -6.07% Marketing &Tourism 2,032,568 1,655,203 -18.57% Special Events 903,830 465,000 -48.55% Contractual Obligation 3,495,212 2,885,779 -17.44% Subtotal 67,554,078 58,509,629 -13.39% Transfers Out 8,481,471 9,428,081 11.16% TOTAL $76,035,549 $67,937,710 -10.65% Where the Money Goes 0 Marketing Toursim Contractual 2.9% Obligations Adm9,5% ion Public Works 56% Engineering 8.2% Growth Mgmt Public 7.6% Safety Qual i ty o r 52.1% Life 14.1% City of Palm Springs FY 2010 Proposed Budget Page 2 SUMMARY OF OPERATIONS FY 08-09 py 08-09 FY 09- 0 ca Approved Projected Prmaposed Revenue 75,623,895 69,992,632 66,437,710 Transfers In 600,000 4,255,000 600,000 Appropriations 67,554,078 66,921,395 58,509,629 Transfers Out 8,481,471 12,326,237 9,428,081 Net Balance $188,346 (5,000,000) ($900,000) Transfers In General Fund 001 From: Gas Tax 600,000 Transfers Out General Fund (001) TO: Debt Service Police Building 153,271 Traffic Signal Lamps 23,835 Parking Structure 630,000 ERICA 424,320 Convention Center Expansion 2,175,000 Capital Project General Capital Projects 0 Measure Y 0 Parking Fund Operations 200,000 Master Lease Fund 330,000 Assessment District##155 50,000 Retiree Health Insurance Fund 1,100,000 Public Safety CFD 260,000 Special Distribution Fund 1,331,655 CommunitV Promotion Fund (1121 TO: Debt Service Convention Center 2,200,000 Golf Course Fund 550,000 Total Transfers Out Funds 001 8 112 9,428,081 City of Palm Springs FY 2010 Proposed Budget Page 3 EXPENDITURE DETAIL (By Department) Adopted Proposed %Change Budget Budget 08 Adoptedi Department FY O8/09 FY 09110 09 Pro Dosed Administration City Council 600,875 561,626 -6.53% City Manager 686,823 634,592 -7.60% Public Affairs/PSCTV 340,924 309,549 -9.20% Administrative Services 46,277 0 -100.00% Development Services 347,254 274,864 -20,85% Neighborhood Involvement 161,532 149,677 -7.34% Information Technology 1,441,005 1,436,414 -0.32% City Clerk 735,313 736,761 020% Human Resources 507,369 365,674 -27.93% Rent Control 47,225 45,005 4,70% City Attorney 904,699 854,908 -5.50% Unallocated Appropriations 910,000 708,000 -22.20% Salary Savings-Offsets -1,150,000 -3,731,591 224.49% Document Management 616,675 483,425 -21,61% Finance 2,343,362 2,164,932 -7.61% Procurement 519,336 503,340 -3.08% Administration Total 9,058,669 5,497,176 -39.32% _Growth Management _.I Co mmunity/Economic Dev 245,682 288,907 17,59% Homeless Program 0 103,000 N/A Planning Services 1,610,791 1,470,094 -8.73% Building and Safety 2,758,363 2,596,984 -5,85% Growth Management Total 4,614,836 4,458,985 -3.38% Pa _ Quaid of Life ___� rks Maintenance 3,123,520 2,967,215 -5.00% Recreation 2,491,449 2,362,788 -5.16% Skate Park 94,722 90,389 -4.57% James Jessie DHUC 474,644 437,470 -7.83% Library 2,739,206 2,398,317 -12.44% Quality of Life Total 8,923,541 8,256,179 -7.48% The Salary Savings Offset Department represents 2% across-the-board savings amongst departments (distributed in 09-10); nonpublic safety furloughs; possible lay-offs; and a variety of other operational costs yet to be distributed. 40 City of Palm Springs FY 2010 Proposed Budget Page 4 EXPENDITURE DETAIL (By Depart ent Department Adopted Proposed %Chang Budget Budget 08 Adopted FY 08109 FY 09110 09 Proposed Public Safety Police 18,244,101 16,255,604 -10.90% Jail 915,263 912,974 -0.25% 08-09 ABC Grant 0 0 0.00% Downtown Experience 844,024 759,219 -10.05% Animal Control 632,237 612,849 -3,07% DUI Enforcement Grant 0 0 0.00% Seatbelt Grant 08-09 0 0 0.00% Dispatch Center 1,583,354 1,586,960 023% Fire 10,629,249 9,761,740 -8.16% SAFER Grant 420,100 447,555 6.54% Disaster-Fire 129,150 137,982 6.84% Public Safety Total 33,397,478 30,474,883 -8.75% Public Works Engineering 1,986,858 1,692,791 -14.80% Street Maintenance 1,306,873 1,255,390 -3,94% Downtown Experience Maint. 798,244 796,858 -0.17% Street Cleaning 0 20,000 0.00% Street Lighting 989,743 994,257 0.46% Railroad Station 46,226 57,128 23,58% Public Works Total 5,127,944 4,816,424 -6.07% Marketing B Tourism Visitors Info Center $2,365 5,000 -93,93% Tourism 1,950,203 1,650,203 -15,38% 2,032,568 1,655,203 -18.57% Special Events 6 Contributions Int'I Film Festival 400,000 400,000 0.00% Festival of Lights (Contractor) 40,000 25,000 -37.50% Festival of Lights (In-kind) 40,000 40,000 0,00% All Other 423,830 0 -100,00% 903,830 T65,000 -48.55% Contracteia/Obligations_�, PSDRCVA 1,185,000 750,000 -36.71% Convention Ctr Operations 2,310,212 2,135,779 -7.55% Contractual Obligation Total 3,495,212 2,885,779 -17.44% TOTAL 67,554,078 58,509,629 -13.39% City of Palm Springs FY 2010 Proposed Budget Page 5 Special Events and Contributions O City of Palm Springs 2008-2009 2009-2010 Revised Proposed TITLE Budget Budget Contributions: Ague Caliente Museum $5,000 Agua Caliente Silver Sponsorship Date Festival 5,000 Mounted Police Contribution 9,600 Senior Center Contribution 52,880 Senior Inspiration Award 2,500 Chamber of Commerce 20,000 City Events: Black History Parade 12,500 Community Concerts 22,000 July4th Celebration 50,000 Festival of Lights Parade (contractor) 40,000 25,000 Festival of Lights Parade (in-kind) 40,000 40,000 PSHS Homecoming Parade 4,000 Veteran's Day Parade 35,000 Event Sponsorship: Bike Weekend 35,000 International Film Festival 400,000 400,000 Modernism Week 20,000 Nabisco Tournament 26,000 Opera in the Park 5,000 Palm Springs Pride Parade 20,000 Tour De Palm Springs 25,000 Desert Classic Concourse 10,000 Desert Aids Walk 7,500 Unallocated -All categories 26,850 Parks & Recreation Dept. Holiday Decorations 25,000 City Event Printing 5,000 GRAND TOTAL $903,830 $465,000 City of Palm Springs FY 2010 Proposed Budget page 6 CASH BALANCES OPERATING FUNDS ADJUSTED CASH BALANCE, 7101108 $11,604,213 FISCAL YEAR 2008-09 Projections Revenue &Transfers-In* 74,247,632 Expenditures & Transfers-Out ** (79,247,632) Total Surplus or (Deficit) (5,000,000) Projected Adjusted Cash Balance - 6/30/2009 $6,604,213 FISCAL YEAR 2009-10 Projections Revenue & Transfers-In* 67,037,710 Appropriations &.Transfers Out (67,937,710) • Total Surplus or (Deficit) (900,000) Projected Adjusted Cash Balance - 6/30/2010 $5,704,213 "Assumes Property tax revenues equal to budget 'Excludes prior year encumbrances 0 City of Palm Springs FY 2010 Proposed Budget Page 7