HomeMy WebLinkAbout5/18/2005 - STAFF REPORTS (19) CITY COUNCIL MAY 18, 2005
CONSENT CALENDAR
SUBJECT: ESTABLISHMENT OF A NEW SPECIAL REVENUE FUND TO BE
NAMED THE NEIGHBORHOOD INVOLVEMENT FUND
FROM: David H. Ready, City Manager
BY: Department of Finance
SUMMARY:
The new fund will allow the City to track the revenue and expenses related to
neighborhood organizations.
RECOMMENDATION:
Adopt Resolution No. "A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF PALM SPRINGS, CALIFORNIA AUTHORIZING THE
ESTABLISHMENT OF A NEW SPECIAL REVENUE FUND TO BE CALLED THE
NEIGHBORHOOD INVOLVEMENT FUND AND AUTHORIZING THE
DIRECTOR OF FINANCE TO CREATE THE APPROPRIATE ACTIVITIES
(COST CENTERS) AND ACCOUNT NUMBERS."
Adopt Resolution No. , A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF PALM SPRINGS, CALIFORNIA AMENDING THE BUDGET FOR
THE 2004-05 FISCAL YEAR" (TO TRANSFER $12,597.70 FROM GENERAL
FUND TO NEW FUND).
STAFF ANALYSIS:
The City Council recently enacted the Office of Neighborhood Involvement
Ordinance to help coordinate the involvement of citizens belonging to organized
neighborhood groups.
One of the provisions of the Ordinance (Section 2.55.130B) directs the City
Manager to establish a Neighborhood Non-Profit Foundation for the purpose of
receiving tax-exempt contributions and tracking revenue and expenses for each
specific neighborhood.
The City, as a municipal government, is already a tax exempt organization under
Section 501 c (3) of the Internal Revenue Code. The City can receive tax
deductible contributions. An accounting, reporting and internal control system is
already in place. The establishment of a Special Fund for Neighborhood
Involvement would seem to meet the criteria set forth in the Ordinance, and
Item No. 3 . A .
would avoid the costs and administrative duties of creating a foundation. If, in
the future, the volume of transactions and/or the amount of money involved make
creating a foundation a better alternative, the Neighborhood Involvement Special
Revenue Fund could easily be rolled into it. Participation by individual
neighborhoods in the proposed Special Revenue Fund is voluntary.
FISCAL IMPACT:
The City had budgeted for Office of Neighborhood Involvement Programs in
previous fiscal years. The balance in that account, approximately $12,500, will
be transferred to the proposed new fund to help cover the costs of supporting the
program. No additional funds are included in the proposed budget for Fiscal
Year 2005-06. Future City contributions would be at Council's discretion.
Thomas M. Kanarr, Director of Finance David H. Ready, City ger
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS AUTHORIZING THE ESTABLISHMENT OF A NEW
SPECIAL REVENUE FUND TO BE CALLED THE
NEIGHBORHOOD INVOLVEMENT FUND AND AUTHORIZING
THE DIRECTOR OF FINANCE TO CREATE THE APPROPRIATE
ACTIVITIES (COST CENTERS) AND ACCOUNT NUMBERS
WHEREAS, the City has adopted the Office of Neighborhood Involvement
Ordinance; and
WHEREAS, one of the provisions of the Ordinance is the establishment of a
Fund to accept tax deductible contributions and to account for the expenditures;
and
WHEREAS, the most efficient method of segregating the revenue and
expenditures is to record the transactions in a separate fund.
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1. To create a new special revenue fund to be called the
Neighborhood Involvement Fund.
SECTION 2. To direct the Director of Finance & Treasurer to record the
appropriate receipts and expenditures in this fund.
SECTION 3. To authorize the Director of Finance & Treasurer to create the
appropriate activities (cost centers) and account numbers, as necessary.
ADOPTED THIS 18" day of May, 2005.
David H. Ready, City Manager
ATTEST:
James Thompson, City Clerk
Kesolution 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 on
by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
James Thompson, City Clerk
City of Palm Springs, California
RESOLUTION NO.
OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR
THE 2004-05 FISCAL YEAR.
WHEREAS Resolution 20973 approving the budget for the fiscal year 2004-05 was
adopted on June 9, 2004; and
WHEREAS the City Manager has recommended, and the City Council desires to
approve, certain amendments to said budget;
NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to
record inter-fund cash transfers as required in accordance with this Resolution, and that
Resolution 20973, adopting the budget for the 2004-05 fiscal year is hereby amended as
follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
123 43244
Neighborhood To be assigned ONIP Support $12,597.70
Involvement
Purpose To transfer money from the General Fund to a new Special Revenue
Fund called the Neighborhood Involvement Fund via the appropriate
interfund budget transfers.
SECTION 2. SOURCE
Fund Activity Account Amount
001 4151 43244
General Fund Planning ONIP Support $12,597.70
ADOPTED THIS 18th day of May, 2005.
David H. Ready, City Manager
ATTEST:
James Thompson, City Clerk
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 on
by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
James Thompson, City Clerk
City of Palm Springs, California