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HomeMy WebLinkAbout4/27/2005 - STAFF REPORTS (3) 500Z `LZ lydV SONINdS WlVd 210 All* n Y ds wid as 139cin9 t» SOdOHd 90=90 AA FY 05-06 PROPOSED BUDGET TABLE OF CONTENTS Page o Summary of Operations 1 o Cash Reserve Estimates 2 o Budget Assumptions 3 o Budget Projections 4 o Comparison of"All Other" Revenue 5 o Major Components of Deficit g o Personnel Change Requests 7 o Development Revenue Chart- Detail g o Development Revenue Chart - Summary g o Budget Balancer Alternatives 10 0 Challenges & Opportunities 11 o Capital Project Requests 12 budoview CITY OF PALM SPRINGS fy 05-06 summ prelim BUDGET ESTIMATES FOR FISCAL YEAR 04-05 4122/05 PROPOSED BUDGET FISCAL YEAR 05-06 SUMMARY OF OPERATIONS FY 02-03 FY 03-04 Fiscal Year 04-05 Fiscal Year 05-06 Actual Actual Adopted Budget Estimate-4113/05 Preliminary Budget Revised Estimates Revenue 50,216,395 55,051,465 57,387,497 59,047,801 61,543,447 62,603,961 Transfers in 2,048,000 852,000 760,233 760,233 766,500 748,013 Appropriations (46,528,015) (49,384,274) (52,577,394) (52,743,586) (55,304,424) (55,204,424) Transfers Out (6,065,674) (6,137,136) (7,739,935) (7,739,935) (9,490,787) (9,190,787) Surplus or(Deficit) (329,294) 382,055 (2,169,599) (675,487) (2,485,264) (1,043,237) Page 1 CITY OF PALM SPRINGS CASH RESERVE ESTIMATES FOR FY 04-05& FY 05-06 OPERATING FUNDS' REVISED ESTIMATES as of April 22,2005 7 ADJUSTED CASH BALANCE,6130/04 8,205,562 2 3 4 FISCAL YEAR 2004-05 5 Revenue 59,047,601 6 7 Transfers in 760,233 8 9 Appropriations (52,743,586) 10 11 Transfers Out (7739,935) 12 13 Surplus or(Deficit) (675,487) 14 15 16 ESTIMATED ADJUSTED CASH BALANCE,6130105 7,530,075 17 18 19 FISCAL YEAR 2005-06 20 Revenue 62,603,981 21 22 Transfers In 748,013 23 24 Appropriations (55,204,424) 25 26 Transfers Out (9,190,787) 27 28 Surplus or(Oefieit) (1,043,237) 29 30 31 32 ESTIMATED ADJUSTED CASH BALANCE,6130106 6,486,838 33 34 35 36 General Fund and Community Promotion Fund Page 2 CITY OF PALM SPRINGS BUDGET PROJECTIONS FISCAL YEAR 2005-06 BASELINE PROJECTIONS-MAJOR ASSUMPTIONS aroios Line Description Impact Revenues: 1 Property Tax will increase at 11% 3 TOT will increase at 8% 4 Sales Tax will increase at 7% Transfers in: 17 PERS Fund transfer Rise in short term interest rates has offset potential savings from prepaying PERS costs, eliminating the transfer back to the General Fund. 19 Library Endowment Fund Transfer in to cover costs now budgeted in the L]brery s General Fund activity Expenditures: 23 Wages No COLA increases are budgeted except for Fire Mgt and Fire Safety(2%) 25 Health Insurance Decrease due to breakout of retiree health insurance to a separate fund;overall,rates are expected to increase 10%. 26 Workers Comp 18.5%increase based on actual experience;follows small decline from last year. 29 Tourism Increase to$1,481,516 to replace FY 04-05 Airport Fund support No overall increase. 30 Convention Center operations Increase to$2.15 million to cover additional costs of expanded facility 32 Motor Vehicle Replacement Increase of$300,000 will fund about 40%of future replacement costs.The balance will have to be added in future years, or the number of vehicles will have to be reduced. 34 Parks Maintenance contract Increase from$900,000 to$1 million for expanded parkways, medians,etc., plus CPI increase. 36 Contractual Legal Estimate is down 10%to$715,000 Transfers Out: 42 Convention Center Expansion financing Reduced to$2 million per debt service schedule 48 Cap Projects-General Plan Update $500,000 one-time funding.With current budget,total project is about$950,000 49 Cap Projects-All Other $400,000 for all other City projects 54 Retiree health insurance $700,000 transfer from Gan']Fund to new fund to track costs and accumulate reserves.The actual transfer will depend on the results of an actuarial study and/or negotiated changes in the level of benefits. CITY OF PALM SPRINGS BUDGET PROJECTIONS FISCAL YEARS 2003-04 to 2007-08 REVISED ESTIMATES as of April 22,2005 Actual 03-04 %Change Revised 04-05 %Change SAdI Projected OS-06 %Change SAdj Projected 06417 %Change S Adl Projected 07-08 1 REVENUE Property Tax 12,462,200 058% 12,535,00) 1100% 13,913,850 7.50% 300,000 15,257,369 750% 16.401.693 2 In Lai Property To.(MVIL) 0 2,365,193 1100% 2,iA5,364 750% 2,822,267 750% 3,033.937 3 TOT 12,317.427 554% 13.W0000 800% 14,040,000 400% 14,601,600 4W% 15,185,664 4 Sales Tax 7.472,553 -1635% 6,251,WO 700% 6.688,570 300% 300,000 7,189,227 300% 7654,904 5 In Lieu Sales Tax("Tnple Flip") 2.005,919 600% 2,1 26,274 300% 2,190,052 300% 2,255,764 7 NBUT. 5,967.682 334% 5,900,000 100% 5,959,OW 000% 6,0]9,160 000%% 6,SW.004 7 N.Development Tax 967,682 108% 1,000,000 0.00% 1,000,000 400% 2,W2,160 -2400% 9W,000 8 Motor an Fees 2.013,597 186% 2,600,000 200% 2,]34,WD 200% 2,812,13D 200% 2,924.646 9 VILE Gap Sal Fees 2,013,590 -8386°0 325,W0 200% 331500 200% 300,0W 638,130 2W% 650,69a 10 Armin Loan Sale 0 989,Oxi880 0 0 0 11 Admm Svc Charges 903,724 953% 989,860 200% 1,009,676 000% 1,929,871 200% 1,9OOOOD 12 Buildings License Tax 895,829 8l!3% W0W0 000% 900,OW 000% 900,000 000% 900,000 13 Building Fees 1698,905 1998% 2000,000 OW% 3,WO,WO 000% 3,OW000 -2000% 2,40g000 14 Planning Fees 6,21T.05 1150% 2p90,800 200% 6,305,725 200% 6,431.840 -2200% 6.560,000 476 All Other 6,210,W5 -1150% 5.495,609 2W% 6,305,]25 2W`/. 6,431.890 200% 6.560,4]6 15 Total Revanue 55,051,645 726% 59,047,801 602% 62.603,961 535% 65,950,725 253% 67,618,189 16 TRANSFERSIN Gas Tex 600,Wu 600,OW 600,OW 60.000 600,000 17 PERS 52,000 150,000 0 0 18 Facility Maintenance 200,000 0 0 0 0 19 All Other 0 10233 148,013 14B.013 148,013 20 Total Transfers In 852,000 760,233 748.013 740,013 748.013 21 22 23 APPROPRIATIONS Wages 22,251,671 686 27,445,381 515%% 28.052,322 400% 27,730.22 400% 27,421,297 020 24 PERS 3,964,451 2086% ],445,381 399% 8,052,322 -400% ],730,229 1200% 5,605498 25 HeathW.rls ins &Oahe- 1627,343 2086% 4,65g330 1850% 4.468,fi69 12.00°% 2,W4,485 1200% 2.291833 27 Workers Compan=_citron 1,545,932 -337% 1.493,770 1758% 1,W4,006 1000% 1607.006 1000% 1.607006 27 UhlRias 1,545,932 -390%. 1,493,770 329% 1,607,006 800% 1,60],0G6 400% 160],520 28 PSDRCVlovernA 1F25.158 1.90% 1665,0W 127% 1.481,516 800% 1,525,OW 300`% 1,571,740 29 Tonwnt 1732.6435.26I -1566% 1,330607 1748% 2,150583 3.00% 2150,583 300% 1215100 30 Commnlion Center Ops L452,643 566% 1540,840 1151%% 1.363,242 700% 1458.669 700% 2,215,100 31 InsurMotor a 1452.092 452e 1,994502 -1595% 1,363,242 300%% 2581.965 300% 1,S59A24 32 Motor Veh Replace 1608329 507% 1.753602 1112% 1,773.277 300% 200,000 1826.475 300% 200,W0 1.881,270 33 Facility Maintenance 1,668,956 892% 1,713,036 112% 1,1]3,277 300% 1,826475 3W% 1,091,398 34 Parks Mare Contact 316,275 915% 345,222 290% 1,054,240 300% 1365,879 3.00 1,376.855 35 Leisure tag Legal 316,275 484% 345,222 063% 715.000 300%% 750750 300% 785,268 36 Contractual Legal Sun 763,079 484% 800,000 -1063% ]15,000 500% 750,750 500% 750,208 37 Film Festival 523,764 95% 350,0W 0W% 350,W0 300% 35gW0 00%300% 411.000 38 All Other 4,523,]64 00% 110'3r755 18 fi2% 5,mPijon 000•/ 1-,Do 398 300% 5,411000 39 Total otalA O80 (110D,000) (1_04,W0) O14% (1300,000) COD% 7,717024 40 Total�ppropriaticns 49,389,274 6.80% 52,743,586 4.67% 55,204,424 2.14% 56,3W,973 2.36% 5],79,020 41 TRANSFERSOUT Canventicn Center Debt S, 2.723,394 3,446,193 3,456,745 3.456]45 3,456.745 42 Cow..Ctr Pxpansmn Flnancin0 2JGO,000 2,215,030 2,000,000 2.100,000 2,100.00 43 Son Course Debt 600,000 500,W0 500,000 50D,000 50G,000 44 Police Bldg Debt Svc 178319 178.319 178.319 178,319 178.319 45 T.FcSgnal Lamp Loan 23,833 23.833 23.833 23,833 23.833 46 Capital Projects-MeasureY 300,OW 300p0 30gOW 300,WD 100.000 400.000 47 Capital Projects-Tech Enhance 0 265,01DO 270.300 270,30D 270.W0 48 Capital Projects-Gaul Plan Update 0 a 500.0 D 0 49 Capllal Projects-AII Other 0 G 400,000 400,000 40D,000 50 AO.10 1DOBW 1W,000 100,000 too BOB 100.000 51 Parking Fund-Operations 50,000 200,000 200p00 200,00D 200,000 52 Parking Structure Debt Sun 0 250,000 300.000 3GO,0[g0 300,oW 53 Nast.,Lease Fund 0 200,00D 200,WO 200,ODO 200,000 54 Retiree Health Insurance 0 G 700,000 1,672,000 1672,000 55 All Other 61590 61,5W 61.590 61,590 61,590 56 Total Transfers Out 6,137,135 7739,935 9,190,787 9,762T87 9,862,787 57 SURPLUS or(DEFICIT) 382,236 (675,487) (1,0A3,?37) 647,979 796,391 Page 4 twtlrn�ew CITY OF PALM SPRINGS anm a eases COMPARISON OF"ALL OTHER" REVENUE 4=05 BUDGET ESTIMATES FOR FISCAL YEAR 04-05 PRELIMINARY BUDGET FISCAL YEAR 05.06 FY 02-03 FY 03-04 Fiscal Year 2004-06 Fiscal Year 2005-06 REVENUE Actual Actual Adopted Budget Est-4AJ05 Projected Revl: 1 Documentary Stamp Tax 411,399 707,246 600,000 900,000 900,000 2 State Homeowners Exemption 240,983 260,083 250,D00 250,000 250,000 3 Safety Grants 252,952 - _ _ - 4 Special Police&Fire Svc 864,001 686,420 684,080 684,080 684,080 5 Interest Income 243.675 150,292 250,000 250,000 250,000 6 Fines&Penaibes 287,455 402,225 387,000 387,000 387,000 7 Library Fines - 31,567 40,000 40,000 40,000 8 Recreation Programs 520,328 638,032 599,000 599,000 599,000 9 CPA Admin Charges 214,565 214,566 220,000 220,000 220,000 10 Polc Building Rent 202,095 201,120 201,000 201,000 201,000 11 State Mandated Reimbursement - - - 12 Sale of Land 558,701 - - - 13 Police Airport Security Reimb-TSA 46,984 - _ 14 Gang Task Force Grant 135,968 - - - _ 15 Casino Agreement - - 100,000 100,000 125,000 16 Special Indian Indian Gaming Distril - - 378,808 - - 17 Transfer Station Heat Fee - - 200,000 - - 18 Lease Revenue - 434,000 434,000 434,000 434,000 19 9-1-1 Fee($1 per month) - - - - 500,000 20 Vehicle Impact Fee(trash services) - - - - 200,000 21 All Other 1,551,909 2,484,485 1,330,729 1,430,729 1,515,645 22 Total 5,531,015 6,210,035 5,674,617 5,495,809 6,305,725 1 4IM05 CITY OF PALM SPRINGS MAJOR COMPONENTS OF DEFICIT FISCAL YEAR 2005-06 Description Impact Comments New Positions/Contract Services/Reclassifications 440,000 See 2005-06 Personnel Change Requests Schedule for details. Increase in PERS pension costs 600,000 Rate for Safety Plan stabilized; Miscellaneous Plan rate increased by nearly 25%. Health Insurance (including Retiree benefits) 500,000 Includes $700,000 for funding of existing benefits (see worksheet below) Utilities 100,000 Expected increase in natural gas costs Tourism (portion Funded by Airport in FY 04-05) 150,000 Total funding for Tourism remains at the prior year level of$1,481,516 Convention Center Operations 300,000 Additional operational costs for the expanded facility Motor Vehicle Replacement 300,000 Full funding of depreciation for all vehicles Parks Maintenance Contract 100,000 Expanded duties for medians, Skate Park, etc. All Other Expenses 780,000 Convention Center Expansion Financing (200,000) Per debt service schedule General Plan Update 500,000 Balance of$950,000 project approved by Council in January, 2005 Capital Projects funding 400,000 No new capital projects were funded from the General Fund in the prior year Subtotal 3,970,000 Deficit at beginning of year 675.000 Projected deficit from FY 04-05 Increase in Estimated Revenue (376007000) overall increase from $59 million to $62.6 million Projected Deficit, FY 05-06 1,045,000 Explanation of Health Insurance budget changes: FY 04-05 FY 05-06 Current employees 4,074,330 4,468,669 Retirees-current cost 580,000 700,000 Retirees-reserve for future years 0 0 - 4,654,330 5,168,669 1` a) City of Palm Springs rn ca 2005-06 Personnel Change Requests New Positions Department Title No. RanaelStep Sala ry Fringe Total 1 Building&Safety Building Inspector 1.00 G42/1 44,508 26,448 70.956 2 FirelBuilding Plans Examiner II 1.00 G53/1 58,416 34,712 93,128 3 BuildinglDoc Mgmt Rentention Specialist 0.50 G20/3 14,262 7,780 22,042 4 Human Resources HR Specialist II (Frozen) -1.00 PSC39/1 0 0 0 5 Sub-Total-General Fund 1.50 117,186 681940 186,126 6 7 Villagefest Recreation Aide 1.00 G20/1 25,824 15,845 39,910 8 Total 2.50 143r010 84,285 226,036 226,036 9 10 11 12 Changes to Contractual or Temporary Employees 13 City Manager Grants Consultant(Admin Support Services 15,000 14 C'dy Clerk Update City Wide Records Retention Schedule 10,000 15 Finance ContractuaVfemporary(Inventory) 16,000 16 PS Skate Park Security Guard at Skate Park 33,280 17 Engineering Contract Engineering Service 50,000 18 Planning Planning&Environmental Support Services 150,000 19 Planning GIS System Upgrade 15,000 20 21 Total 288,280 288,280 22 23 24 25 Reclassifications 26 Department Title Ranae/Step Salary Fringe Total 27 28 Human Resources-From Senior HR Specialist PSC50/5 64,800 31,155 95,956 29 To HR Benefits Supervisor MX5514 69,768 33,543 103,311 30 4,968 _ 2,388 7,356 7,356 31 32 33 Fire-From Fire lnspecton/Prev.Tech FS5015 68,054 57,560 125,614 34 -To Deputy Fire Marshal F84711 50,856 43,874 94,730 35 Total (17,198) (13,686) (30,884) (30,684) 36 37 Fire-From Fire Fighter Paramedic FS4215 55,863 47,249 103,112 38 -To Fire Engineer Paramedic FS47/5 63,207 53,460 116,667 39 Total 7,344 6,211 13,555 13,555 40 41 42 Planning-From Secretary G2913 35,776 21,259 57,035 43 -To Services Assistant G2911 31,500 18,718 50,218 44 Total (4276) (2,541 6817 45 .._ 46 Planning-From Director of Strategic Plan EX7111 89,304 40,581 129,B85 47 -To Planning Manager MX65/1 77,004 37,022 114,026 46 Total (12,300) 13,559) (15,859) (22,676) 49 50 51 Engineering-From Senior Civil Engineer MX6615 96.168 46,231 142,399 52 -To Ass4 Director of Pub Works MX7014 100,968 48,543 149,511 53 Total 4,800 _ 2,312 7,112 7,112 54 55 56 Airport-From Deputy Dir of Aviation-Ops MX66/5 87,132 41,891 129,023 57 -To Ass't Dir of Aviation-Ops/Plan MX70/4 93,098 44,760 137,858 58 Total 5,966 2,869 8,835 8,835 5s 60 Airport-From Airport Ops Speciaaist G4211 36,948 21,955 58,903 61 -To Airport Ops Aide G322 28,928 17,190 46,118 62 Total (8,020) (4,765) (12,785) (12,785) 63 64 Airport-From Senior Marketing&Comm Admin PS5613 71,480 34,366 105,846 65 To Deputy Aviation Director Marketing MX622 75,144 36,128 111,272 66 Total 3,664 1,762 5,426 5,426 67 68 69 Total Net Cost of Personnel Changes 483,438 City of Palm Springs Comparison of "Development Related" Revenue FY 00-01 To FY 05-06 3,500,000 -- --------------------- -- - - — -- ———Documentary Stamp Tax -New Development Tax Building Permits & Fees Plan Checks j 3,000,000 2,500,000 — 2,000,000 - 1,500,000 1,000,000 - 500,000 0 FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 TOTALS 2,064.947 1,814,827 2,702,112 5,239,077 6,900,000 6,900,000 Page 8 City of Palm Springs Comparison of "Development Related" Revenues by Total FY 00-01 thru FY 05-06 8,000,000 ------- -- --- -- - --- ----- - --- --- --- - -- - -- - - 6,900,000 6,900.000 7,000,000 - 6,000,000 a 5,000,000 5,239,077 4,000,000 — - -- - — 3,000,000 - 2,064,947 i�1,814,827 2.702,112 „ 2,000,000 ---- 1,000,000 0 FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 Page budoAew CITY OF PALMSPRINGS rn W a budbalana BUDGET BALANCER ALTERNATIVES 4122Jo5 FISCAL YEAR 2006-06 1 Implement a 94-1 Fee at$1 per month per phone line. This would recover a portion of the cost of Safety Dispatch services. Recent court decisions may make this feasible The first year's revenue would be about$500,000; annual revenue thereafter would be about$1,000,000. Implement a Vehicle Impact Fee for trash services. Could be$200,000 per year, and be used to pay for the costs of maintaining City Streets. 2 Reduce the General Fund contribution for vehicle replacement charges. Current year expenses could be reduced by about$400,000. However, unless the number of vehicles is reduced in future years, there will be added costs for those years. 3 Eliminate General Fund Transfer for future retiree health benefit costs. Current year savings of$300,000 would have to be made up in future years unless significant changes are made to this benefit. 4 5 6 7 4,22/05 CITY OF PALM SPRINGS CHALLENGES & OPPORTUNITIES FISCAL YEAR 2005-06 Description Impact Comments 1 Capital Project funding 9,000,000 Only$1 million available from General Fund Sources 2 Wage & Benefit increases $300,000 for each 1%wage increase; no funds are currently budgeted 3 Stable revenue sources Budget is being supported by increased building and planning fees 4 Post Retirement Health Benefits Full actuarial funding will be required by FY 07-08 5 Growing Population-new services Need new revenue sources to pay for Police, Fire and other services. 6 Convention Center capital needs 2,000,000 Cost of infrastucture replacement outside of the Expansion costs. 7 Community Development funding 500,000 New investment in business and job creation N r Q) CAPITAL IMPROVEMENT PLAN-261FUND DRAM DR,Wf DRAFT DRAFT CIO Convent Re9uesln it FL.1I'errr NAME OF PRO✓ECJS Dept Regnects Notes F...d 261-Rm,enae Serrce-Grams&Others 1 Studio Remvalin. Parks&R. 10.000 bloasumY (1) 2 Library Ruataoms Upgrndc library 115.000 Mcas are Y (2) 3 Lensing Center-Tulcoodonemmsg Equipment Librnry 15,521 MeasureY (2) 4 Campnler Hurdwnm and Sugwme Upgradev (Fullmgtnea Library 1,479 MeietueY (2) of$54693 limited to resenting Measure Y revenue.) 5 Asphalt Rubber Hat Me,(ARI'Evf)Overlay Engineering 4ES000 STP Federal Grant 6 Paget Trail Bridge Rapairs Enginuenvg 593,I100 1-1BRRGrant 7 Indian Ave.Rendway&Bridge Widcving over UPRR Engineenng 273900 HERR&STP Fad Grant 8 Sidnvnik Cans6vehoo(SB821) Engineering d0,000 SB821-13dec Trail&Sid.lk 9 Teolned.gicnl Eaus.tments-Unmlruduled Planning 265,000 Tuch£:nhnnecmcnl Fee 30 Sobtofal-1-sed 261 Grmasg9ther Revearee 11959,900 Fund 261-Revenue Snnrcc- Sales Tea 11 Dircclised Signet.for City Mall City Mai 8,500 12 Moslarnie Voting System for Council Chambers City Mantuan, 65,000 13 Cotcurio,Table&Chairs-Small Conference Room City Mengel 19,50o 14 ConfuronocTable&Chaim-Large Conrsuiew Room City Manager 21,500 IS Downlnvn Parking Garege Camera System City Manager 100,000 16 Perking Lot-Resurface-City Hall Engine,... 325,000 17 Parking Lot-Conurat.ReplacemcnL Fire Main.111 Engineering 40,000 IS Re-Lighbng Dowmi(Full cost 81,500,000,book cuncent Eny4mering 400,000 yaoi casts only.) 19 Flood Gates-Virtu Chlaa,Golf Club,Gone Autry,ledan Engineering 75,000 20 '1cefic Volume Counts Engineering 15,000 21 Energy Management Syslem(Ligblx&IWAC off/on) Facilities 50,000 2212cpince Blectriasl Pnudx-DcMmh Pnrk- Fields114,5, &6 Facilities 30,000 23 Paint lnteriom and Estenata-Desert 111,14nd Center Pecilities 40,000 24 Rt-reef-Desert Highland Canter Faaldies 45,000 25 Re-roof-Fire Slah.013&94 Pa'dities 35,000 26 Rcpair&Re-cont Librnry Maur Roof Facilities 50.000 27 Convtnion of Computer Fiesser lFinance System Fhumce ISQ'i J0 28 Fire'l'rnining Porhible Classrooms(Fall Cart$233,404; Fire Dept 50,404 remaining balance corned by reprogramming st,ndiru fmt&,) 29 Pirc Hydnmis Firc Dept. 10.000 30 BonkFlow Duvmes Pirc Dept. 3,0110 31 Battery B.nckup for Desktop Computers Info'reek 8,999 32 City Hull Back,,Raid Array(back-up of dnm) hifo Tech 9,897 33 City L11 PC Worlatalion Upgmdcs(20 suds) Rife Tech 23,637 34 bnegmg Sydcm Serve,Upgrade hSO Tcelt 23,393 35 'Tureaoi d Ledry System Edo Too], 32,000 36 Police Dcpmtmcnl Switch let.Tcoh 6,793 31 Rcplaoc Remolc Control Curece,-Corned Chumbun PSCTV 80,000 38 Rcplase Rcmots Canh'ol Comcros-Large Catd:Room PSCTV 80,000 39 Replielur Pool/Repincc Tile/Add New Lanus&.Targets Parka&Roo 180,000 40 Slmde Structure Over Pool Cleaseal Aron Park,&Rcc 16,800 41 Parkng Lot mFslds 7&8 Pmks&Rcc 366,000 42 Parking Lot-DcMath Park (.ewer)($732,000 Pat cost Pods L Rcc 60,0(10 $60,000 for ad,Initial year.) 43 Ruth hardy Park-Resedel Redr ins, Nib,&Re. 122,000 44 Rnnadel Looker Rooms-Swim Center Pnds&Re. 106,841 45 Gmmeil Plat 11pdatc(pull nest$950,000,bnlmiac t. Plennmg/Duv,sary Seattle emmally bndnctnl) 46 Online PenitilWtg&Project Trocktng Pbuudag/Day.Sery ISO-000 47 Lobby&Counter Area Planning/Duv Sery 85,000 48 Computer Aided Dispamh(CAD),Records Mai System Police Dapt. 100,555 (RMS)and Mobile Data Computers WC)Systems 49 Police Hand-held&Car Radial (Project A) Police Dept. 522,100 50 Microwave Radio&Multiples Units (Project B) Police Dept 300,000 51 Radio ln£rastruniure&Dispatch Connotes (Project C) Poliac Dept 4,000,000 52 Faring Range➢nckArp Rehabilitation Police DcpL 8,410 53 Bollard,at Seleol Downtown Iderseatiora- VdlogeFest 195,600 to replace temporary barncedes _ 54 Subtotal-Prmd 261 Sales T.Revertne 8,570,929 55 Grand Total 10,530,829 261 FUNDS-SALES TAX&GRANTS/OTHER 56 Genial FloulTiansfer for General Plan Update 500,000 57 General Fund Transfer -All Other 400,000 58 TOTALTRANSFERS 900,000 59 TOTAL GRANTS,TECH FEES &OTHER REVENUE 1,959,900 60 TOTAL 261 FUNDS AVAILABLE 2,859,900 Highlighted projects recommended for funding: Projects with funding provided by grants&other sources=$1,959,900 General Plan Update funded by General Fund Transfer=$50 ,000 (1)Revenue for Park&.Recreation from Means,Y=$167,000 (2)Revenue for Librruy from Measure Y=$133,000 ea„oua ca.u.111uvaca FY 05-06 =_ PRIOR BUDGET PROJECTIONS w: _h ORAtEO �. V qCI FV Rol CITY OF PALM SPRINGS April 27, 2005 CITY OF PALM SPRINGS BUDGET PROJECTIONS FISCAL YEARS 2003-04 to 2007-08 REVISED ESTIMATES as of April 13,2005 u.as Actual 03# %Change Revised 0445 %Change SAtlI. Projected 05-06 %Change SAdl Projected 06-07 %Change $Ad1 Projected 074X8 1 REVENUE Property Tax 12,462,2W am% 12,535,aa0 Skala% 1316M150 750% 300,000 14987,896 750% 16,111.978 2 In Lau Property Tax(Ml 0 2,365193 90o% 2,578,060 7W% 2,T1,415 750% 2,979,271 3 TOT 12,317,427 554% 13,".m0 a00% 14,040,000 4-00% 14,601,600 400% 15,185.664 4 Sal.Tax 1,472,553 -1635% 6,261,000 600% 6,6250fi0 300% 30Q000 7,124,842 3WA 7,533587 5 In Lieu Sales Tax("Tnpo FII 2,005919 600% 2,126,274 3.00% 2,190,082 300% 2,255,764 6 UUT 5,731,152 295% 5,90Qa00 100% 5,959,O0a 200% 6,08.180 200% 6,199,744 7 Nev Development Tax 967682 334% 1,000,000 0MY. Uo0o,a00 am% 1,000,OW -20 W% mama 8 Franchises Fees 2,5]2,297 105% 2,600,000 4W% 2,701 400% 2,812,150 400% 2.024.646 9 Motor Veh License Few 2,013,597 A3 an% 325,000 200% 331,500 200% 300,000 636,130 200% 650,593 10 VLF Gab Loan Sale 0 660,olaa 0 0 0 11 Admin Sn Charges W3,724 953% 969,mat 200% 1,0M678 2.00% 1,029.871 2.00% 1051 12 Busmws License Tax says,629 755% 900,000 am% 900000 (i 900,OOo ap0% 9lao,00la 13 Building Few 1,896,g05 5815% 3,0wwo 000% 3,000,000 a00% 3,000,000 -20.00% 2,400.W0 14 Planning Fees 1,657,244 1996% 2,000,o00 am% 2,MD.W0 am% 2,(MgMa -2t1w% 1,600,000 All Other 6,210.035 -1150% 5,495,809 2.00% 5605725 200% 51 200% 5,832,196 15 Total Revenue 55,051,M5 72U.. 59,047.M 423% 61,543,M7 538% M,851,986 251% 66,479,211 16 TRANSFERS IN Gas T. 600000 fMi small 600000 Epp Opp 17 PERS Si Imam 0 0 18 Facility Maintenanw 200,001) 0 0 0 0 19 All Other 0 10,233 16SM(I 14s,013 148.013 20 Total Travelers to 952,00) 760.233 766,5W 748.013 743.013 21 22 M APPROPRIATIONS Wages 22,251,671 079% 22,421821 022% 22.476.297 am% 22,476.297 000% 22476,297 24 PERS 3,904,451 as 86% 7,445,381 a15% s,052,322 400% 7,730,229 400% 7,421,020 25 Health ins&Other 3,851.W5 20.86% 4,654,330 -399% 4,466,669 12.00% 5,004,909 1200% 5,605,498 26 Workers Compeneshon 1,627,343 -178% 1,598,324 1850% 1,894,077 1000% 2,083,485 1000% 2,291,833 27 Ublies 1,545932 -337% 1,493.770 758% 1,607,006 (1 1,607,006 am% 1,607,006 28 PED)i 1,045,158 190% 11W5,0m 3.29% 1,100,6m Bala.% Tilts wo 4M% 1,235,520 M Tounsm 1,525,261 -1270% 1.331,516 1127% 1,481,516 3.00% T525,961 300% 1,571,740 30 Convenhcn Centeno, 1.732,643 561 1,630,637 17.48% 2,150,583 000% 2,150,583 300% 2215,100 31 Insurance 1,452,042 510% 1,540,64o -1151% 1,363,242 700% 1,453,669 70o% 1,560776 32 Motor Veh Replace 1,MS329 452% 1,994,502 36.00% 2,712,587 300`A 200,000 2,993,965 300% 2WTM0 3,283,784 33 Famldy Madenance 1,66s,988 507% 1,753,652 112% 1,773,277 AMS, 1,826,475 300% 1,881,270 34 Parks Maint Contract 838,253 692% 913,MS 999% 1,004,240 300% 1,034,367 300% 1,065,393 35 Leisure Programs 316.275 915% 345,222 290% 355,222 3(1 3 ,879 300% 376,855 36 Contractual Legal Src 783,079 484% 800,000 -1063% 715,000 500% 750,750 500% 78s,2s8 37 Film Festival 350,000 000% 351 am% 350,000 0.00% 3mom 000% =0M 38 All Other 4,523,764 A95% 4,299,755 1662% 5,1M,356 3.00% 5,253,396 3MY. 5,411,000 39 SarinOa am% (1.100,OW) (1,300,00o) 000% (1,300.000) 000% (1300,000) 40 Tobl Appropriations 491 6.804 52,743,586 4.0% 55,3014,424 2.16% 56,499,973 2.37% 57,M1,3M 41 TRANSFERS OUT Convention Center Deb.SUc 2,723,394 3,446,193 3,455,745 3,455745 3,456,745 42 Conv Ctr Expansion Finanung 2,100,000 2,215,00) 2,000,000 2,100,000 2,100,000 43 Golf Course Debt 600000 500,000 smaaa 5M.00(1 500000 M Police Bldg Debt Si 178,319 176.319 178,319 178,319 17s319 45 There Signal Lamp Loan 23.833 23,833 23,833 23833 23,033 46 Capital Protects-Tech Enu.a 300,O 0 am,M5.000 27[Oa0 2ami70.3W 100 W0 400000 47 Capital Prelecls-Tech Enhance 0 265,000 wal wa 270,300 270,300 48 Capital Projects-All Other Ian Update 0 0 4mam 0 0 49 CD155mleets-All Other 0 0 400,000 400,000 400,000 50 A D 155 7W,000 1W." 100,000 100,000 100,000 51 Parking Fund-OpDebt SO,W0 200,000 200,M0 200,000 2W,a00 52 Parking Lease Debt SYc 0 250,000 300,000 2M,0W 300,000 53 Master Lease Fnsu 0 20D,0W 20O(M 670000 6 000 54 Retiree Health Insurance o 0 i,06a,OW 1672.000 1,672,090 55 All Other 61$9a 61590 61,59a 61$9a 61,590 56 Total TransfrrsDut 61 7,739,935 9A90,]87 9,762,787 9,862.789 57 SURPLUS or(DEFICB) 382,235 (675,4871 (2485264) (662,761) (476,947) CITY OF PALM SPRINGS BUDGET PROJECTIONS FISCAL YEARS 2003-04 to 2007-08 REVISED ESTIMATES as of March 14,2005 „ Revised 03414 %Change Revised 04-06 %Change SAdl Projected 05-06 %Change SAdj. Projected 06-07 %Change SAdl Projected 07-08 1 REVENUE Property Tax 12,462,200 058% 12,535,w0 750% 13,475.125 750% 3WOc0 14.785.759 750% 15,MM,601 2 In Ueu Property T.(MVIL) 0 2,365,193 750% 2,542,582 7.50% 2.733,276 7.50% 2,938,272 3 TOT 12,317,427 a00% laaoa 0 4.00% 13,832,OW 4W% 14,355,280 400% 14,860,691 4 Sales Tax 7,472,553 -1635% 6,251,W0 400% 6,501040 3W% 3o0,w0 6,996,071 300% 7,455,953 5 In Llea Sales Tax("Triple Flip') 2.005,919 400% 2,086,156 300% 2.148,740 300% 2,213,203 5 UUT 5,731,152 295% 5,900,000 101% 5,959,0W 200% 6,07B,180 2WY° 6,199,744 7 Franchises Fees 2,572297 108% 2,6000w 400% 2,704,000 400% 2,812,160 400% 2,924,846 a Motor Veh Ucense Fees 2,013,597 -8386% 325,000 2.W% 331500 200% 300,00D 638,1w 2W% 650,893 9 Adnun Svc Chal 903,724 953% 9a9,a80 200% 1,009,678 2.03% 1029,871 200% 1,050,459 10 Scm.Ucense Tax 836,a29 7.55% 9w,0W 003% 9w,W0 OW% _ WO,WO OW% 9W,W0 11 9-1-1 Emergency Comm Fee 0 0 200% 0 200% 0 2W% o 12 Irxllan Gaming Fund 0 000% 0 0.0% 0 O.009° 0 13 All Other 10,741,865 403°a to,73a,809 200% 1g953,505 200% 1117269 2.00% (1,030,000) 10,395,110 14 Total Rsvmue 55,11 519% A,910,601 412% 60.291,66E 561% 63,680,125 299% 65.564,6T2 15 TRANSFERS IN Gas Tax 6w,OW 600,000 6WOw 6W,Ow 6w,aw 16 Risk Management 0 0 0 0 0 17 PERS 52,W0 150,000 150❑00 1500W 150,000 1a Master Lease 0 0 0 0 0 19 Capital Projects 0 0 0 0 0 20 Facility Maintenance 200,00❑ 0 0 ❑ 0 21 Ail anar 0 10,233 10,700 10700 10,700 22 Total Tnnshrs In 852,000 760,233 750,700 760,700 760,700 23 APPROPRIATIONS Wages 22,251,671 019% 22,427,821 2W% 22,876,377 200% 23,333,905 200% 23,800,583 24 PFRS 3,984,451 8686% 7,445,381 10.W% 8,189,919 4.w% 7,862,322 4.W% 7,547,829 25 Health Ins.&Other 3,851,005 2086% 4.65,330 1200% 200,000 5,412,650 12.00% 250,000 6.342,392 12.00% 250,000 7.319,879 26 Walk..Ccmpamamcn 1,627,343 -178% 1,598,324 1000% 1,758,156 1000% 1933,972 1000% 2,127,369 2? U51Rtas i,595,532 337% 1,493,Ao 000% 1,493,770 0.00% 1493,770 Ow% 1,493,770 29 PSORCVA 1,045,159 1 W% 1,o65,w0 4.00% 1,107,600 400% 1,151,904 4.00% 1,197,980 29 Tounsm 1,la 5,261 -1270% 1,331,516 300% 150,0w 1 521 461 300% 1.567J05 3 W% 1 614,118 30 Convention Center Ops 1,732,643 5.65% 1,830,637 am% 1,830,637 OW% 1930637 3W;: 1,885,55E 31 Insurance 1.452,042 610% 1,540,640 700% 1,648,485 700% 170,879 7.00% 1,087,35Uf 32 Motor Veh Replace 1,908,329 452% 1S94,W2 3.w% 250,000 2,304,337 300% 200,000 2,573,467 300% 200,000 2,850,671 33 FaOIM1y Maintenance 1,668,980 5.07% 1,753,652 300% 1906,262 300% 1,860,449 300% 1.916,20 34 Parks Mart Contract 838,253 892% 913,036 300% 940,427 300% 9 eda 3C0% 997,699 35 Leisure Pragrams 316,275 915% 345,222 3 WV. 3Y,99 300% 366,24E 3 W% 377,233 3E ContraaNal Legal S•c 763,079 AM% 8w,0m 500% B40,W0 5w% 882,000 5.00% 926,100 37 Rlm Fevcal 350,W0 Ow% 35o,W0 Ow% 350,000 0.00% 3w,OW OW% 3s,w0 3a All Other 4,523,754 -095`/. 4,299,755 303% 4,428,746 30351° 4,561,619 300% 4,690,458 39 Savings Ow% (1,300,0001 Dw% U30g000) OW% (1300.0w) O.W% (1,3w,W0) 40 Total Appropriations 49,38g274 640% 52543,586 575% 55,564,608 351% 57,512,299 3]9%. 59,6w,efio 41 TRANSFERS OUT Convantmn Center Debt Sic 2,723,394 3,446,193 3,451 3,455,745 3,456,745 42 Caw Clr Ex arson Flnancing 2,1m.wai 2,215,000 2,1000W 2,1W,000 2,100,000 43 GeV Course Debt mi 5w,w❑ 5W,W0 s0,ow 50G,WD 44 Pd.Oda Debt Svc 178,319 178,319 170,319 178,319 178,319 45 Tragic Sgnal Lamp Loan 23,833 23033 23,822 23,833 2$933 46 Capital Projects-MassaroY 300,Ow 300,000 W0W0 300w0 lod'aw 400,000 47 Capital Projects-Tech Enhance 0 265,W0 270,SW 270,300 270,300 49 Oapial Projects-AII Other 0 0 4wOW 400,m0 400,W0 49 A0155 100,000 100.0m im.aO 100,0❑0 100,000 50 Parana Fond-Operations slow 200,000 200,000 200,020 20000❑ 51 Parking Structure Dam sN. 0 250,000 WD'am 3mow 300,000 52 Master Lease Fond 0 200,000 200,000 200,000 200,000 53 All Other 61,590 61590 61 590 61,590 61,593 54 Tohl Transfers Out 6,13713E 7,739,935 8,090,787 6,090,787 8.1w,767 55 SURPLUS or(DEFICR) 392,235 H612487) (2,600,029) _ (1,162,250) (1,536,2761 CITY OF PALM SPRINGS BUDGET PROJECTIONS FISCAL YEARS 2003-04 to 2007-08 REVISED ESTIMATES as of November 10,2004 ua Revised 03414 %Change Revised 0445 %Change aAdj. Projected 0546 %Change aAd1 Projected 06-07 %Charge aAdt Projected 07-03 1 REVENUE Pmpery Tax 12,462,2m 894% 13,576,000 750% 14,594,200 750% 300,000 15,988,765 T50% 17,187,9m 2 In Lieu Property Tax(MVIL) 0 1,422,000 750% 1,528,650 750% 1,643,299 7.50% 1,766546 3 TOT 12,317,427 5.03% 12,933,00) 400% 13,450,320 400% 13,988,333 400% 14,W866 4 Sales Tax 7,472.553 -1635% 6,251000 200% 6,376.020 3.m% 300,000 6,887,301 3.00% 7,323,320 5 In Lieu Sales Tax('Tnple Rin') 1,900,000 200% 1,938,18ID 300% 1,996,140 3m% 2,056,024 6 UUT 5.731.152 295% 5,9m,o➢9 am% 5,900,m0 2MIA 6,018,000 200% 5,138,360 7 Franchises Fees 2.572297 1.06% 2,60ormi 400% 2,704,000 400% 2.812,16) 400% 2,924,646 8 Motor Veh Uoanse Fees 2.W3,597 -83.86% 325,000 2W% 331,500 2T0% 300,000 638,130 2.00% 650,693 9 Admm Svc Chargas 903,724 953% 989,880 200% 1,m9,67B 200% 1.029.571 203% 1050,469 10 Hushes License Tax san.m9 755% 900.000 0.00% 92." Om% ocrom am% Maam 11 9-1-1 Emergency Comm Fee 0 0 200% 0 200% 0 200% 0 12 Indian Gaming Fund 0 am% 0 000% 0 am°% 0 13 All Other 10,7416m -003% 10,738,809 200% to,9531585 2M% 11,172657 2.00% (1,000,000) 10,396,110 14 Total Revenue 55,051,645 4.51% 57,505,619 374% 5916151953 5,64% 63,o54,655 299% 64,942,155 15 TRANSFERS IN Gas Tax Sao= 6m,m0 600,003 m0,om 600'0n0' 16 Risk Management 0 0 0 0 0 17 PERS 52m0 15o,W0 150,c99 imam 150,om 16 Master Lease o 0 0 0 0 19 Capital Protects 0 ➢ 0 0 9 2 Fadlity Mamememre 200,00l, 0 0 0 21 All Other 0 10,233 10,700 10,7m 10,7m 22 Total Transfers In W2,000 760,233 750700 76),7Cm 760,700 23 APPROPRIATIONS Wags m,251,671 079% 22,427,821 200% 22,876,377 230% 23,333905 2.00% 23,em,583 24 PERS 3,934,451 8686% 7,445,361 1000% 8,189,919 -400% 7,862,322 -400% 7,547,829 25 Health Ine &Other 3,851085 2086% 4,654,330 1200% 800,02 5,812.850 1200% 6,510,3m 1200% 7,291,639 26 Workers Compansatlon 1,627,343 -178% 1,598,324 10.00% 1,758,156 lam% 1,9334972 1000% 2127,SaO 27 Uhla. 1,545,932 -337% 1,493,770 Om% 1,493,770 000% 1,40,770 am% 1493,770 28 PSDRCVA 1,045155 1-m% 10650m 400% 1,107,6m 4m% 1,15190'1 4.00% 1197,9m 29 T.mam 1.525,261 4270% 1.331,616 3m% im,000 1,521.461 3.00% 1567,105 3m% 1614,118, 30 Convention Center Ops 1,732,643 Edo% 1,830,637 000% 1,830,637 am% 1,830,837 300% 1,605,556 31 Insurance 1,452,042 610% 11540,640 700%. Q648,485 7m% 1,763,879 700% 1687,350 32 Motor Veh Replace 1,908,329 452% 1,994,504 300% 650,000 2,704337 300% 2,785,467 300% 2,869,051 33 FaxuIxy Mamtenance I'ma'988 507% 1,753,652 S % i'e .262 acm. 1660.449 30➢11. 11916,263 34 Palo,Mount Contract 838,253 892% 913036 3.00% 940,427 300% 968,640 3,00% 597,699 35 Leisure Programs 316,275 915% 345,222 300% 355,579 3.00% 368,245 3m% 377,233 as Contractual Legal Sc 763,079 4037% 455,000 500% 477.750 500% 501638 500% 526.719 37 Rm FestNel 350,000 am%. 35o,om 0,00% 350,000 0➢0% 350,000 Om% 350,000 38 All Cther 4,523,764 -495% 4,299.755 3M7. 4,428,748 300% 4,561610 300% 4,698,458 39 Savings am% (1,30gm0) 000% (1300,000) am% (I'aw, m) am% (1300,000) 40 Total Appropriations 49,384,274 570% 52,198,586 729% 56,m2.W6 275% 57,541936 302% 59,281"aw 41 TRANSFERS OUT Convention Center Debt Sc 2,723,m,4 3.446,193 3,456,745 3,456,745 3,456,745 42 ConvC Expans.Financrng 2,1m6m 2,215,003 2,1m,000 2,1m,000 2,509,000 43 GOIf Course Lett 6m,000 5m,Om 500,Om 500,000 5m,m9 44 Palme Bldg Debt Svc 178.319 178.319 178 23 ,319 178,319 , 45 Traffic Signal Lamp Loan 23,833 23,833 23,833 23,833 ,833 33 46 Centel Projects-Mous.aY maam 3m,m0 3m,m0 aoaO l000m 4m,000 47 CaPttat Protects-Tech Enhance 0 265,0a) 20,200 270,3W 270,30() 48 Capital Projects-All Other 0 0 42,Om 4m,Om 4m,Om 49 AD 155 1m,Om 1m,m0 1m,0W imam 700,000 W Pafking Fund-Cpe2tions 50,003 200,000 200,000 200,000 2m,mo 51 Paflung Sructure Debt Svc 0 250,000 300,000 300,000 300,Om 52 Ihaster Lease Fund 0 2000m 200,000 200,000 20,m0 53 All Other 61,590 61,590 61,599 61590 61,590 54 Total Transfers Out 6,137.136 7,739.935 BOm,787 e,090,787 8J90787 55 SURPLUS or(DEFICIT) 382,235 (1,642,599) (3,646,492) (1,817,368) (1,769,5311 CITY OF PALM SPRINGS BUDGET PROJECTIONS FISCAL YEARS 2003-04 to 2005-06 REVISED ESTIMATES AS OF JUNE 23,2004 INCLUDING CITY MANAGER RECOMMENDATIONS Revised 03-04 %Change Preliminary 04-05 %Chang. Projected 05-06 1 REVENUE Property Tau 12,200,000 8.00% 13,176,000 750% 14,164,200 2 In Lieu Property Tax(MVIL) 0 1,422,000 7.50% 1,528,6W 3 TOT 12,850,000 3.97% 13,360,000 4,00% 13,894,400 4 Sales Tax 7,300,000 -17.79% 6,001,000 000°b 8,001,000 5 In Lieu Sales Tax("Triple Flip") 1,900,000 0.00% 1.9mWo 6 UUT 5,900,000 0.W% 5,9D0,000 0.00% 5,900.000 7 Franchises Fees 2,5)0,000 0.00% 2,600,000 4.00% 2,704,000 8 Motor Veh License Fees 1,90Q000 -82.89% 325,000 2.00% 331,500 9 Admin Svc Charges 903,724 9.53% 989,980 2.00% 1,009,678 10 Business Ucense Tax 780,000 15.38% 800.000 0.00% 900,000 "9-1-1 Emergency Comm Fee 0 696,000 3600% 946.560 Indian Gaming Fund 0 0.00% 0 11 All Other 8,969,000 8.58% 9,738,800 2.00% 9,933,59.E 12 Total Revenue 0,402,724 6.75% 67,008,639 59,213,573 13 TRANSFERSIN Gas Tax 600,000 600,000 600,000 14 Risk Management 0 0 0 IS PERS 100,000 150,000 150,000 i6 Master Law. 0 - 0 0 17 Capital Projects 190.000 0 0 18 Facility Maintenance 2W,000 0 0 19 All Other 148,000 10,233 10,700 20 Total Transfers In 1,238.000 760,233 760,700 21 APPROPRIATIONS Wages 22,012,393 1.61% 22,366.013 300% 23,036,993 22 PERS 3.987.487 86.72% 7,445,381 10.00% 6,189,919 23 Health Ins.&Other 4,080,78E 14.05% 4.654,330 12.00% 5,212,850 24 Workers Compensation 1,621,570 -1.43% 1,598,324 10.00% 1,758,156 25 Utah. 1,505,535 -0.7846 1,493,770 0.00% 1,493,770 26 PSDRCVA 1,100,000 -3.18% 1,065,0W 4.00% 1,107,600 27 Tourism 1,511,516 41.91% 1,331,516 DW% 1,331,516 28 Convention Center Ops 1,809,695 Lib% 1,830,637 0.00% 1,830,637 29 Insurance 1,452,042 5.10% 1.540,640 7.W% 1,648,485 30 Motor Veh Replace 1,909,329 4.52% 1,994,502 3.00% 2,054,337 31 Faciidy Maintenance 1,668.988 5.079.6 1,753,652 3.00% 1,806.262 32 Parks Maint Contract 860,000 6.17% 913,036 3.00% 940,427 33 Leisure Programs 320,222 T81% 345.222 3.009A 355,679 34 Contractual Legal Svc 560,000 -18.75% 455,000 5.00% 477,750 35 Film Festival 350,000 0.00% 350,000 0.00% 350,000 38 All Other 3,890,359 10.51% 4,299,180 3013% 4,428,15E 37 Savings (1,300,000) 0.00% (1,300,000) 0.00% (1,300,000) 38 Total Appropriations 47,338,921 52,136,203 54,722,436 39 TRANSFERS OUT Convention Center Debt Svc 3,283,346 3,446,193 3,456,745 40 Conv Ur Expansion Rnancmg 2,100.000 2,215,000 2,300,000 41 Goff Course Debt 600,000 500,000 500,000 42 Police Bldg Debt Svc 178,319 178.319 178.319 43 Trolls Signal Lamp Loan 23.833 23,833 23,833 44 Capital Projects-Mo....Y 30W,000 72,0W 300,000 45 Capital Projects-Tech Enhance 0 265,000 270,300 46 A.D.155 1W,000 100000 100,000 47 Parking Fund-Operations 50,000 200,000 200,000 48 Parl.ng Structure Debt Svc 0 250,000 300,000 49 Master Laws Fund 0 2D0,0W 200,000 60 All Other 61,590 61,590 61,590 51 Total Transfers Out 6,697,088 7,511,935 7,89Q787 62 SURPLUS or(DEFICIT) 604,715. (1,079,218) (2,638,950) .4