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Home My WebLink About10/7/2009 - STAFF REPORTS - 5.A.City of Palm Springs Priority Setting Session March 7, 2008 The following Priority Areas & Goals Were Identified: ■ DOWNTOWN REVITALIZATION • Finish the Fashion Plaza • Develop a cottzprehezzsive parkizzg plazz for dowzztowrz • PUBLIC SAFETY • Crack down on hot spots and nuisance areas • Reduce crime citywide • Get neiglzborlzoods involved izz ernergency/disaster preparedness ■ INFRASTRUCTURE INVESTMENT AND MAINTENANCE • Focus resources on neighhorhood street maintenance and repair • Finish Animal shelter izziprovenzezzts • Develop Aggressive Capital dmproveznent/5 Year fundinb plan • Expand the,Librazy ■ SUSTAINABILITY • Become the renewable energy leader in the valley • Develop a comprehensive plan for sustainability • Set an example by addressing public buildings/facilities first ■ ECONOMIC VITALITY • Address blighted, foreclosed, maintezance ofproperties and perception consequences • Develop a seamless, coordinated, customer friendly and efficient development service for all users • Develop a business retention plan,fund and proznote it �c�o i�Zpo 9 G',� rrla�AG a �-- PS Priority Scuing Session — 3/7/08 2 of 15 Notes 2009 — 2010 Is' Quarter Financial Review City of Palm Springs 10/712009 City of Palm Springs 2009-2010 1st Quarter 1 Last Fiscal Year 2008 — 2009 Budget Summary /Wrap -Up_ Summary Revenues and Expenses: Revenues Expenses Deficit Adopted Budqet $7652235895 $76,6285704 ($404,809) Actuals $709799,451 $759616,665 ($45817,214) 10r7/2009 City of Palm Springs 2009-2010 1st Quarter 2 Last Fiscal Year 2008 — 2009 Budget Summary /Wrap -Up_ Transient Occupancy Taxes (TOT) down $2.25 million (15%) Property taxes down $1,285,000 (6.3%) Utility Users Tax down $775K (10.8%) Sales taxes down $700K (7.4%) 1 0rzr2009 City of Palm Springs 2009-2010 1st Quarter 3 Last Fiscal Year 2008 — 2009 Budget Summary /Wrap -Up General Funds unrestricted balance: 2007=2008 2008=2009 $119604,213 $753655492 * Equals an 11% Reserve 10/7/2009 City of Palm Springs 2009-2010 1st Quarter 4 2009 — 2010 Deficit Before Budget Reduction Plan 2008-2009 Deficit Lower Revenues Higher Expenses 2009-2010 Deficit Before Budget Reduction Plan $478003000 57800,000 1,800,000 $127400,000 1 0r7r2009 City of Palm Springs 2009-2010 1 st Quarter 5 2009 — 10 Budget Reduction Plan Deficit Without Budget Reduction Plan Budget Reduction Plan: ITL Program, Vacancies, & Layoffs Non -Safety Furloughs 1 Council & Exec Pay Reductions Police & Fire Reductions Capital Projects & Motor Vehicle 10% Dept Reduction (non -personnel) All Other Reductions Total Budget Reduction Plan ($125385,473) $2,910,000 2,255,000 1,817,000 1,575,000 750,000 2,200,000 $1195079000 Adopted Budget Deficit (6-17-2009) ($878,473) 10/7/2009 City of Palm Springs 2009-2010 1st Quarter 0 City Staffing —Funded Positions 2008-2009 2009-2010 Decrease 488 FTE 446 FTE (42) FTE 101712009 City of Palm Springs 2009-2010 1st Quarter 7 2009 — 2010 New Budget Impacts Adopted Budget Deficit (6-17-2009) Budget Impacts: Property tax decline in AV per County 8% State Property Tax Take State Securitization Program Fire reductions on hold Current Projected Deficit ($878,473) (1,050,000) (2,058,000) 21058,000 (589,000) ($2,5171473) [Additional budget reduction recommendations to be presented -- 2nd Quarter] 10/7/2009 City of Palm Springs 2009-2010 1st Quarter 8 09-10 Revenues 3-Month Comparison $80.0 .5- -- --- $70.0 .� $60.0 Actual Budget $50.0 $30.0 $20.0 $1 0.0 $7.7 $6.9 $0.0 i _ Full Year 3 Months Property Taxes revised based upon Co Assessor Est TOT reflects only 2 months of revenue 2008-2009 0 2009-201 a 1 0r7r2009 City of Palm Springs 2009-2010 1 st Quarter 9 Major Revenues 3-Month Comparison 30% 20% 20% �/o 12% 10/o 0 13% 13% 10% 4% 4% Property TOT UUT Safes Taxes* Taxes * Revised based upon County Assessor's estimate *" TOT reflects only 2 months of revenue 008-09 3 Months as % of ActuaIs ❑ 09-10 3 Months as % of Budget 10/7/2009 City of Palm Springs 2009-2010 1st Quarter 10 Sales Taxes Comparisons. 08-09 09-10 1 St Q Palm Springs ,� 6.6% 1 6.5% Riverside County 12.1 % 21.3% Inland Empire 1 11.6% 21.7% Southern California 1 8.9% 1 19.9% State of California 1 8.2% 1 20.8% $10.0 $5.0 - $g• $9.1 81 8.8 $0.0 1 06-07 07-08 08-09 09-10 Act Act millionsj Act Bud [m 10/712009 City of Palm Springs 2009-2010 1st Quarter 11 09-10 Expenses 3-Month Comparison $80.0 $70.0 $60.0 $50.0 $40.0 $30.0 $20.0 $10.0 $0.0 $67.3 $59.7 Actual Budget Full Year ❑ 2008-2009 $17.1 $44.9 1 25% 125% 3 Months 2009-2010 10/712009 City of Palm Springs 2009-2010 1st Quarter 12 2009-2010 Revenues & Expenses 3 -Month & Full -Year Comparisons Revenues 08-09 3 Months 09-10 3 Months '08-09 Actuals 09-10 Budget Total Revenues $7,65%253 $6,917,031 Property Taxes * $833,749 $717,005 TOT ** UUT Sales Taxes $1,5175958 $1,3093500 $15183,230 $152845147 $15121,604 $15135,987 $745498,031 $191144,921 $12,7515478 $6,4257186 $85796,538 $651625,447 $185080,000 $12,5001000 $61500,000 $85805,598 * Revised based upon County Assessor's estimate ** TOT reflects only 2 months of revenue Expenses Full Year 3 Months 2008-2009 2009-2010 $673345,428 $173123,095 $593720,069 $14,891,417 10/7/2009 City of Palm Springs 2009-2010 1st Quarter 13 Federal Stimulus Funds $9 million of Projects Already Approved: COPS Grant — $1.7 million Adds 5 new police officer positions Pays for first 3 years of 4 year obligation Gene Autry I Vista Chino Park — $1.85 million Gene Autry I 1-10 freeway interchange — $5 M Energy Efficiency & Conserv'n — $225K Community Devel Block Grant — $135K Projects still under review — $10.4 million 1017/2009 City of Palm Springs 2009-2010 1st Quarter 14 5.A. FIRST QUARTER FISCAL YEAR 2009-10 BUDGET UPDATE AND REVIEW OF CITY COUNCIL GOALS AND PRIORITIES ESTABLISHED MARCH, 2008: RECOMMENDATION: Direct staff as appropriate. ITEM NO. 5-A.