HomeMy WebLinkAboutORD 2020-46 - FY2020 Budget Mid-YearORDINANCE NO. 2d 20- `&
AN ORDINANCE OF THE CITY OF GEORGETOWN, TEXAS, AMENDING
THE 2020 ANNUAL BUDGET FOR MID -YEAR OBLIGATIONS THAT WERE
NOT KNOWN AT THE TIME THE BUDGET WAS ADOPTED,
APPROPRIATING THE VARIOUS AMOUNTS THEREOF, AND REPEALING
ALL ORDINANCES OR PARTS OF ORDINANCES IN CONFLICT
THEREWITH.
WHEREAS, the City is aware of obligations not currently funded in the fiscal year 2020
Budget in the following funds: General, General Capital Projects, Tourism, PEG Fee, Streets,
Cemetery, Village Public Improvement District, Police Seizures, Abandon Vehicles, Animal
Services, Downtown Tax Increment Reinvestment Zone, Georgetown Transportation
Enhancement Corporation, Georgetown Economic Development Corporation, Facilities,
Fleet, Joint Services, Information Technology, Airport, Electric, Stormwater, and Water; and
WHEREAS, the changes were unknown and unforeseeable at the time the fiscal year
2020 budget was approved; and
WHEREAS, the City Charter and State law allows for changes in the Annual Operating
Plan by a Council majority plus one in emergency situations and for municipal purposes;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS, THAT:
SECTION 1.
The facts and recitations contained in the preamble of this ordinance are hereby found
and declared to be true and correct, and are incorporated by reference herein and expressly made
a part hereof, as if copied verbatim.
SECTION 2.
The amendment to the 2020 Annual Budget of the revenues of the City of Georgetown and
expenses of conducting the affairs thereof, is in all things adopted and approved as an addition
to the previously approved budget of the current revenues and expenses as well as fixed charges
against said City for the fiscal year beginning October 1, 2019 and ending September 30, 2020.
A copy of the amendment is attached hereto as Exhibit "A" incorporated by reference herein.
SECTION 3.
The total of $19,903,393 is hereby released from appropriation for payments of expenditures
and payments of the funds and included in the Exhibit "A".
SECTION 4
All ordinances and resolutions, or parts of ordinances and resolutions, in conflict with this
Ordinance are hereby repealed, and are no longer of any force and effect. This ordinance
complies with the vision statement of the Georgetown 2030 Plan.
SECTION 5.
If any provision of this ordinance or application thereof to any person or circumstance, shall
be held invalid, such invalidity shall not affect the other provisions, or application thereof, of this
ordinance which can be given effect without the invalid provision or application, and to this end
the provisions of this ordinance are hereby declared to be severable.
SECTION 6_
The Mayor is hereby authorized to sign this ordinance and the City Secretary to attest. This
ordinance shall become effective upon adoption of its second and final reading by the City Council
of the City of Georgetown, Texas.
PASSED AND APPROVED on First Reading on the 9th day of June, 2020.
PASSED AND APPROVED on Second Reading on the 23rd day of June, 2020.
ATTEST:
City Secretary :14 1
APPROVED AS TO FORM:
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Ag4.City Attorney
THE C OF aEOETOIWN_
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By: ❑a a Ross
Mayor
Beginning Fund Balance
Current Revenues
TIA Reimbursement (Revenue)
City Lobbying Line Item -Transfer In
Planning Fees
Total Revenues
Expenses
Current Expenses
TIA Reimbursement (Expense)
City Lobbying Line Item
100 - Workday - Prior Year P.O.
General Fund - Utility Increase
Mobility Bond Expenses
Medical Director Pay Increase
Total Expenses
Economic Stabilltv Reserve
Reserve
Available Fund Balance
Exhibit A - FY2020 Mid -Year Amendment
2020 Approved Impact of This 2020 Amended
Budget ActlonlCAFR Budget
9rr - General
11,490,900 2,772,850 14,263,750 The FY2020 Beginning Balance was projected at $11,490,900.
75,483,881
125,000
69,466
75,373,906
125,000
69,466
964,302
569,100
70,000
35.700
75.373.906 1.833.660
11.600.876 1.633.748
K
1.460,283
nnn -
60,875 (60,875)
After the close of the fiscal year, the fund had $13,299,448.
Staff is proposing to recognize the additional funds of
75,483,881 $1,808,546. Staff is also proposing to increase the beginning
125,000 balance by $964,302 for prior year purchase orders (P.O.$)
69,466 and appropriate the same amount in FY2020. There are
500,000 several other proposed amendments in the General Fund.
76,178,347 First, staff is recommending increasing revenues and
expenses by $125,000 for TIA Reimbursements. Next, staff is
proposing to transfer funds from Water and Electric for
75,373,906 lobbying services into the General Fund. A new state law
125,000 requires the budget to have a specific line item for lobbying
69,466 and staff are proposing to consolidate the cost of the
964,302 legislative advocacy contract in one fund for transparency.
569,100 Additionally, staff is proposing to increase expenses by
70.000 $70,000 for the Mobility Bond planned in FY2021. The
35,700 expenses include $65,000 for an engineering contract and
77,207,474 $5,000 for public engagement and committee support. Staff
is also proposing to increase utility expenses to account for
13,234,623 increased rates and mis-billed meters in the amount of
$569,100. Staff is proposing to increase expenses for the
1,480,283 Medical Director contract recently approved by Council. Staff
340,000 is proposing to increase Planning Fee Revenue as the City is
11,414,340 still seeing strong growth in this segment. Lastly, staff has
adjusted contigency reserve up by $214,340 and proposes to
reserve $1,480,283 in the Economic Stability Reserve. We
(0) continue to monitor changes in revenues and expenses
related to COVID-19. While this amendment does not reflect
those changes, we are tracking them in projections. We will
continue to update projections so that the General Fund ends
2020 within fiscal policy bounds, and we have the ability
through our financial system to hold departments
accountable to those projections.
2020 Approved
Impact of This
2020 Amended
Budget
g
Action/CAFR
Bud et
g
Ad ustment
Beginning Fund Balance
32,497,076
10,701,307
43,198,383
'The FY2020 Beginning Balance was projected at $32,497,076.
.After the close of the fiscal year, the fund had $32,713,687.
Revenues
Staff is proposing to recognize the additional funds of
Current Revenues
20,575,200
20.575,200
$216,610. Staff is also proposing to increase the beginning
Reduce Bond Proceeds
(3,809,200)
(3,809,200)
balance by $10,484,697 for prior year P O.s and appropriate
Fleet Fund Transfer for Study
12,000
12,000
the same amount in FY2020 Staff is proposing to reduce the
amount of bond proceeds in the fund by $3.8 million. A
corresponding offset in CIP expenses is also proposed. Staff is
Total Revenues 20,576,200 (3,797,200)
16.778.000
Expenses
proposing the replacement of the Natatorium HVAC at the
Current Expenses
50,197,694
-
50,197,694
rec center. Staff is proposing to recognize $12,000 from the
Workday Prior Year PO
10,484,697
10,484,697
Fleet Fund for its portion of a facilities study paid out of the
Reduce CIP
(3,809,200)
(3,809,200)
GCP fund. Staff is proposing to reduce the ERP Workday
HVAC Replacement
800,000
800,000
budget by $18,346 and increase the transfer out by $18,346
Workday Project - HR Recruiting Expense
(18,346)
(18,346)
to the Human Resources Department in the Joint Service
Workday Project -Transfer Out
18,346
18,346
fund for the recruitment of the City's ERP Administrator
Fire Station 7 Warning Siren
8,894
8,894
Lastly, staff is proposing to increase expense by $8,894 to
close out the Fire station 7 Warning Siren project.
Total Expenses 50,197.694 7.484.391
67.682,086
Ending Fund Balance 2,874,682 (680,284)
2,294,298
Reserve for TIA 2,100.000
2.100,000
Available Fund Balance 774,682 580,284
194,298
2020 Approved
Bud et
g
Impact of This
ActlonlCAFR
Ad uStment
2020 Amended
gud et
g
r
Beginning Fund Balance
Revenues
Current Revenues
1,437,144
1.480.783
114,745
1,551,889
1.480.783
The FY2020 Beginning Balance was projected at 51,447,144,
Afterthe close of the fiscal year, the fund had $1,551,889.
Staff is proposing to recognize the additional funds of
$114,745. Staff is also proposing to increase expenses
511.738 for prior year P.O.s and appropriate the same
amount in FY2020.
Total Revenues 1,400,703
1A80,783
Expenses
Current Expenses 1,440,916
WOrkfty PrlorYour PO 11,738
1,440,916
11,730
Total Expenses 1,440.916 11,738
1,462664
Ending Fund Balance 1,477,011 103,007
1.680.018
Contingency Reserve 273,376
273,376
Reserve for capital 1.203,636
1,203,636
Available Fund Balance 103.007
103,007
2020 Approved
Budget
g
Impact of This
ActionlCAFR
Adjustment
2020 Amended
Bud et
g
+
Beginning Fund Balance
Revenues
Current Revenues
1,370,668
4 018 'r $0
1,696,687
3,067,145
4.010,750
The FY2020 Beginning Balance was projected at $1,370,558.
After the close of the fiscal year, the fund had $1,558,874.
Staff is proposing to recognize the additional funds of
$168,326. Staff is also proposing to increase the beginning
balance by $1,508,271 for prior year P.O.s and appropriate
the same amount in FY2020.
Total Revenues 4.018,760
4,018,750
Expenses
Current Expenses 4,639.308
WorkdaV Prlor Year PO 1.508,271
4,639,308
1-508,271
Total Expenses 4,639.303 11600,271
6.147.579
Ending Fund Balance 760,000 180,316
938.316
Arterial Reserve 760,000
750.000
Available Fund Salance 180,316
15%316
2020 Approved
Budget
9
Impact of This
Action/CAFR
Ad ustment
2020 Amended
Bud et
g
Beginning Fund Balance
Revenues
Current Revenues
160,163
166.000
5,454
166,607
160,000
The FY2020 Beginning Balance was projected at $160,153.
After the close of the fiscal year, the fund had $165,607. Staff
Is proposing to recognize the additional funds of $5,454. Staff
is also proposing to increase the expenses for the Video
Studio project and equipment for Communications staff.
Total Revenues 166,000
166.000
Expenses
Current Expenses 20,000
Video Studio and Communications Equipment 51,000
20,000
51,000
Total Ex erases 20,000 51,000
71000
Ending Fund Balance 306,163 45.5461
260,807
AvalEabio Fund Balance 306.163 (45.5461
260.607
2020 Approved
Budget
g
Impact of This
Action/CAFR
Adustment
2020 Amended
e
Bud t
g
Beginning Fund Balance
Revanues
Current Revenues
448,903
1S1,000
27,404
476,307
191-000
The FY2020 Beginning Balance was projected at 5446,903.
After the close of the fiscal year, the fund had $476,307. Staff
is proposing to recognize the additional funds of $27,404.
Staff is also proposing to increase expenses by $6,586 for
prior yearP.O.s.
Total Revenues 191,000
191.000
Expenses
Current Expenses 103,500
Workday Prior Year PO 6,566
103,500
6.566
Total Ex en6os 103,600 6556-
lio'086-
Ending Fund Balance 539,403 20,616
567.221
perpetual Reserve 638,403
536,403
Available Fund Balance 20818
20.615
2020 Approved
Budget
9
Impact of This
Action/CAFR
Adjustment
2020 Amended
Budge
g
Beginning Fund Balance
Revenues
Current Revenues
919,178
457,310
40,876
960,054
457,310
The FY2020 Beginning Balance was projected at $919,178.
After the close of the fiscal year, the fund had $960,053. Siff
Is proposing to recognize the increase of $40,876. Staff is
proposing to increase expenses by $57,599 for prior year
P.O.s.
Total Revenues 457.310
467.310
Expenses
Current Expenses 975,740
Workday Prior Year VO 57.699
975,740
57,699
Total Expenses 976,740 57,659
1,033,439
Ending Fund Balance 400,748 16823
303.926
Reserve 113,063
113.053
Available Fund Balance 287,695 16,923
270,872
2020 Approved
Impact of This
2020 Amended
Budget
g
Action/CAFR
Bud et
9
Adjustment
Beginning Fund Balance
115,846
23,791
139,637
he FY2020 Beginning Balance was projected at $115,846.
14,752
fterthe close of the fiscal year, the fund had $134,885. Staff
Revenues
proposing to recognize the additional funds of $19,039.
Current Revenues
-
taff is also proposing to increase the beginning balance by
for prior year P.O.s and appropriate the same amount
in FY2020.
Total Revenues
Expenses
Current Expenses
115,846
115,846
Workday Prior Year PO
4.752
4,752
Total Expenses 116,846 4,762 120.698
Ending Fund Balance 19.039 19.039
.Available Fund Balance 19,039 19,039
2020 Approved
Bud et
g
Impact of This
Action/CAFR
Adjustment
2020 Amended
Bud et
0
273 - Abandon Vehicles
Beginning Fund Balance
Revenues
Current Revenues
11,762
53,457
66,208 JThe
FY2020 Beginning Balance was projected at$11,752.
Mter the close of the fiscal year, the fund had $47,354 Staff
is proposing to recognize the additional funds of $35,602.
Staff is also proposing to increase the beginning balance by
$17,855 for prior year P O.s and appropriate the same
amount in FY2020. The Police Department proposes to spend
additional dollars in 2020 on the drone program and firearms
optics equipment.
Total Revenues - - -
Expenses
Current Expenses 5,000 5,000
Police Equipment 41,354 41,354
Workday Prior Year PC 17,855 17,655
Total Expenses 6,000 59,209 64,208
Ending Fund Balance 6,762 (6,752) 1,000
Available Fund Balance 9,752 15,752 1.000
2020 Approved
Budget
g
Impac[ of This
ActlonlCAFR
Adj'_usfinenf
2020 Amended
Budget
Beginning Fund Balance
Revenues
Current Revenues
240,766
43,500
22,385
263,140
41,500
The FY2020 Beginning Balance was projected at $240,755.
After the close of the fiscal year, the fund had $263,140. Staff
Is proposing to recognize the additional funds of $22,385.
Staff is also proposing to increase appropriation by $10,000
to cover the additional costs of reflooring the kennels.
Total Revenues 43.600
43,500
Expenses
Current Expenses 25,000
Relloorrng the Kennels 50,000 10,000
25,000
60,000
Total Ex enses 76,000 10.000
66,000
Ending Fund Balance 2091266 12,3B6
221,640
Available Fund Balance 209,755 i2,3a6
221.640
2020 Approved Impact of This 2020 Amended
Budget ActlonlCAFR Budget
g Ad uslmenl '
Beginning Fund Balance $ 460,539 S 58,602 S 509,141 The FY2020 Beginning Balance was projected at $450,539.
After the close of the fiscal year, the fund had $497,346. Staff
Revenues is proposing to recognize the additional funds of $46,807.
Current Revenues $ 3O4,905 $ 304,906 Staff is also proposing to increase the beginning balance by
Total Revenues $ 304,906 S $ 3O49t1B $11,795 for prior year P.O.s and appropriate the same
amount in FY2020.
Current Expenses
Workday Prior Year PO
$
688,600
11,795
$ 688,600
$ 11,795
Total Expenses
S
688,600
$ 11.795
S 700,395
Ending Fund Balance
S
66.846
$ 46.807
S 113.652
iDebt Service Reserve
S
66,846
S -
S 66.846
Available Fund Balance
$
$ 46,607
$ 46.007
2020 Approved
Budget
g
Impact of This
ActlonlCAFR
Ad ustment
2020 Amended
Budge
g
Beginning Fund Balance
Revenues
Current Revenues
S
$
20,686,127
12,867,500
$ 963,641
$ 21,649,668
5 12 867.500
The FY2020 Beginning Balance was projected at$20,686,127
after the CIP Rollforward. After the close of the fiscal year,
the fund had $20,821,654. Staff is proposing to recognize the
additional funds of $135,527. Staff is also proposing to
increase the beginning balance by $828,014 for prior year
P.O.s and appropriate the same amount in FY2020.
Total Revenues S 12,86700 S S
12,867AN
Expenses
Current Expenses $ 22.160,360 $
Workday Prior Year PO 5 828.014 5
22,160,360
828.014
Total Expenses S 22,190,360 S 829.014 S
22.988,374
Ending Fund Balance S 11,393,267 $ 135,627 $
11.528.794
Conlingency S 1,984.376 $
MUMS
Debt Service Reserve S 3.225.642 S $
3,225,642
Available Fund Balance $ 6.183,260 $ 136.527 S
6.318, 777
2020 Approved
Bud
Budget
9
Impact of This 2020 Amended
Action/CAFR
Bud et
ntant g
Adjustment
� •
Beginning Fund Balance
Revenues
Current Revenues
$
$
8,305,736
2.060.375
$ (166,966) $
S
8,138,781
2.D6O.375
The FY2020 Beginning Balance was projected at $8,305,736
slier CIP Rollforward. After the close of the fiscal year, the
fund had $8,138,296. Staff is proposing to recognize the
decrease in funds of $175,439. Staff is also proposing to
increase the beginning balance by $8,484 for prior year P.O.s
and appropriate the same amount in FY2020. Lastly, staff is
proposing to reduce the amount for new projects by $63,249
to balance the fund,
Total Revenues $ 2.060,375 S $ 2.060.376
Expenses
Current Expenses $ 9,554,305 $ 9,554,305
Reduce New Project Availability (6%249) $ (63,249)
Workday Prior Year PO $ B484 S 8.484
Total Expenses S 9.664,306 S 64,7661 S 9,499,540
Ending Fund Balance S 811,006 S 112,190S 699.616
Contingency S 469,299 $ 409.298
Debt Service Reserve S 210.318 $ S 210.318
Available Fund Balance S 112.190 $ 112.190 $ 0
2020 Approved
Impact of This
2020 Amended
Budget
g
Action/CAFR
Bud et
g
Adjustment
r'
Beginning Fund Balance
1,728,788
468,316
2,197,104
The FY2020 Beginning Balance was projected at$1,728,7a8.
After the close of the fiscal year, the fund had $1,991,448.
Revenues
Staff is proposing to recognize the additional funds of
Current Revenues
8.475,710
8,475,710
5262,56O. Also, staff is proposing to increase fund balance by
Red uce Transfer in
14,994,934)
(4,994,9341$20,557
for prior year P.O.s and appropriate the same
amount in FY2020. Lastly, staff is proposing to reduce the
transfer in of $4,994,934 for utility expenses and reduce the
Totes Revenues 8.415 710 4,994 934
3,480.770
Expenses
appropriation by the same amount. As part of the FY2020
Current Expenses
8.555,129
8,555,129
Budget development, the utility charges were budgeted in
Workday Prior Year PO
205,657
205,657
the operating departments and were planned to be
Reduce Utility Expenses
14.994.934)
(4,994.934)
iranslerred out and paid in the facilities fund. Due to other
priorities that came up during this year, staff is deferring this
change to a future year.
Total Expenses 5.555,129 14,789.277
3.766.862
Ending Fund Balance 11.649,369 262.669
1.912.020
Contingency 184.034
184,934
Capital Reserve 1.464,435
1,454.436
Available Fund Balance 262.669
262.669
2020 Approved
Impact of This
2020 Amended
Budget
9
Action/CAFR
Bud et
9
V
Ad ustment
Beginning Fund Balance
$
4,396,634
$ 1,200,124
$ 6,695,768
The FY2020 Beginning Balance was projected at $4,395,634.
After the close of the fiscal year, the fund had $4,286,069.
Revenues
Staff is proposing to recognize the decrease in funds of
Current Revenues
$
7.062,920
$ 7,062,920
$109,565. Staff is also proposing to increase the beginning
Water Fund -Transfer In
33,500
$ 33.500
balance by $1,309,689 for prior year P.O.s and appropriate
the same amount in FY2020. Staff is proposing to transfer
$12,000 from the Fleet Fund for its portion of a facilities
Total Revenues $ 7.062.920 $ 33,500 $
7.096.420
Expenses
study paid out of the GCP fund. Lastly, staff is proposing to
Current Expenses
$
7,038,613
$ 7,038,613
transfer in $33,500 for the purchase of a vehicle for the
Workday Prior Year PO
1,309,689
$ 1,309,689
Locator position in Water.
Transfer out -GCP
12,000
$ 12,000
Line Locator Position with Vehicle
33,500
$ 33.500
Total Expenses $ 7.038.613 S 1,365,189 $
8,393,702
Ending Fund Balance $ 4,420,041 $ (121,666) $
4,298,476
Contingency $ 491,696 $
491,695
Equipment Reserve $ 1,197,760 $ $
1,197,760
Available Fund Balance $ 2,730,686 5 (121.5661 $
$609.121
2020 Approved
Impact of This
2020 Amended
Budget
ActlonlCAFR
Budget
Adjustment
Beginning Fund Balance
$
1,394,842
$ 20,364 $
1,416.206
The FY2020 Beginning Balance was projected at $1,394,842.
After the close of the fiscal year, the fund had $1,255,560.
Revenues
Staff is proposing to recognize the decrease in funds of
Current Revenues
$
18,114,204
$
18,114,204
$139,282. Staff is also proposing to increase the beginning
Transfer In - GCP - Workday Recruitin_e
18,346 $
18,346
balance by $159,646 for prior year P.O.s and appropriate the
same amount in FY2020. Staff is proposing to reduce the
budget in Finance Administration for an analyst position and
'Total Revenues $ 18,114.204 $ 18,346 $
18,132.660
(Expenses
move that position to the Electric Fund. Staff is proposing to
Current Expenses
$
18.397,156
S
18,397,156
increase utility related expenses by $20,000. Staff is
Workday Prior Year PO
159,646 S
159,646
proposing to transfer $18,346 from the General Capital
Move Analyst Position to Electric Fund
(117,607) S
(117,607)
Projects Fund to Joint Service — Human Resources for
Joint Service Fund - Utility Increase
20,000 S
20,000
recruiting expenses incurred by the department. The overall
Workday Recruiting Expense
18,346 5
18,346
effect of this amendment decreases the amount of fund
balance available to meet contingency reserve requirements.
We will continue monitoring revenue and expense
projections to move this fund in a positive direction to end
the fiscal year.
'Total Expenses $ 18,397,156 $ 80,386 $
18,477,541
Ending Fund Balance $ 1.111.890 $ (41,675) $
1,070,215
Contingency $ 1,111,890 $ 141,676) $
1,070,216
Avallable Fund Balance 5 $ O S
0
2020 Approved
Budget
Impact of This
ActlonlCAFR
u
2020 Amended
Budget
+
Beginning Fund Balance
Revenues
Current Revenues
S
S
2,114,591
7 72T733
$ 337,412
$ 2,452,003
S 7,727,733
The FY2020 Beginning Balance was projected at 52,1?4,591.
Afterthe close of the fiscal year, the fund had $2,452,003.
Staff is proposing to recognize the additional funds of
$337,412. Staff is proposing to increase the utility expense by
$33,000.
Total Revenues S 7,727,733 S $
7.727,733
Expenses
Current Expenses $ 7,979,204 $
Information Technology Fund • Utility Increase 33,000 S
7,979.204
33.000
Total Expensas S 7.979,204 S 33,009 $
8,012,204
Ending Fund Balance $ 1.863.120 S 304,412 5
2,167,632
Contingency S 661,790 S
651,790
E ul meet Reserve $ 1.031,764 ; $
1,031,764
Available Fund Balance S 179,666 $ 304.412 $
493,978
2020 Approved
Budget
9
Impact of This
Action/CAFR
Adjustment
2020 Amended
Bud e t
•"
Beginning Fund Balance
Revenues
Current Revenues
Bond Proceeds
1,461,988
4,631,000
(192,962)
(750.000)
-
1,259,036
4,631,000
1760.0001
The FY2020 Beginning Balance was projected at $1,451,988.
After the close of the fiscal year, the fund had $1,259,036.
Staff is proposing to recognize the decrease of $192,952.
Staff is proposing to reduce bond proceeds and CIP expense
by $750,000. The maintenance facility project was deferred
to FY2021.
Total Revenues 4,631.000 760,000
3,681.000
Expenses
Current Expenses 4,884,411
CIP Reduction 1750,000)
4.684,411
(750,000)
Total Ex enses 4.894,411 76%000
4,134,411
Ending Fund Balance 1,198,577 192962
1,005,625
Contingency 266.021
266,021
Debt Service Reserve 143.431
143,431
Avaltable Fund Balance 799,126 (192,962)
600,173
2020 Approved
Impact of This
Action/CAFR
2020 Amended
Budget
g
Adjustment
Budget
g
r
Beginning Fund Balance
5,892,640
722,102
6,614,742
The FY2020 Beginning Balance was projected as 55.892,540,
After the close of the fiscal year, the fund had $6,501,565.
Revenues
Staff is proposing to recognize the increase in Funds of
Current Revenues
95,418,419
95,418,419
5602,925. Staff is also proposing to increase the beginning
Bond Proceeds
1,000,000
1,000,000
balance by $113,177 for prior year P.O.s and appropriate the
Bloomberg Grant Revenue
250,000
250,000
same amount in FY2020, Staff Is proposing to increase bond
proceeds by $1 million as well as CIP expense by the same
amount for transformers added to the annual debt sale. Staff
Total Revenues 95,418,419 750,000
96,168.419
Expenses
Is proposing to reduce expenses for lobby services by
Current Expenses
92,565,824
92,565,824
$34,733 and increasing the transfer out by the state amount.
City Lobbying - Reduce Expense
(34,733)
(34,733)
This proposed amendment is to comply with a new state law
City Lobbying - Increase Transfer Out
34,733
34,733
and the total legislative advocacy contract will be budgeted in
Prior Year P.O.s
113,177
113,177
one place in the general fund. Staff is proposing to reduce the
CIP Increase
1,000,000
1,000,000
budget in Finance Administration for an analyst position and
Bloomberg Grant Expense
(250,000)
(250,000)
move that position to the Electric Fund. Staff is proposing to
Move Analyst Position to Electric Fund
117,607
117,607
reduce the revenue and expense from the Bloomberg Grant
Move Record Specialist to Water Fund
(62,580)
62,580
Program. Staff is proposing to transfer a Records Specialist to
the Water Fund. Lastly, staff adjusted contingency reserve
down to account for less expenses (CIP and one time is not
Included in the 90 day operating contingency requirements).
Total Expenses 92,565,824 918,204
93,484,028
Ending Fund Balance 8,745,236 553.898
9,299.133
90
Fund Balance
601
2020 Approved
Budget
g
Impact of This
ActionlCAFR
Ad ustmenl
2020 Amended
Bud et
g
Beginning Fund Balance
Revenues
Current Revenues
$
5
2,964,861
4,391,000
$ (282,130) $
$
2,672,731
4.391,000
The FY2020 Beginning Balance was projected as 62,954,S61
after CIP Rollforward. After the close of the fiscal year, the
Fund had $2,660,376. Staff is proposing to recognize the
decrease in funds of $294,485. Staff is also proposing to
increase the beginning balance by $12,355 for prior year
P.O.s and appropriate the same amount in FY2020.
Total Revenues S 4,391,000 $ S 4,391,000
Expenses
Current Expenses $ 5,708,073 $ 5.708,073
Workday Prior Year PO 12,355 $ 12,386
Total Expenses S 6,700,073 $ 12.366 $ 6.720,428
Ending Fund Balance S 1,637,780 $ tm.05$ 1,343,303
cor#Noncy $ 545,203 $ 545,203
E ui ment Reserve $ 436,765 $ $ 435166
Available Fund Balance S 656,820 $ 294,485 S 361,335
2020 Approved
Impact of This
2020 Amended
Bud et
g
ActionlCAFR
Bud et
g
Adjustment
(Beginning Fund Balance
$ 82,611,169
$ 9,628,204 $
92,139,373
'The FY2020 Beginning Balance was projected at $82,511,169
'following the CIP Rollforward amendment. Staff is proposing
(Revenues
to increase fund balance by $9,628,204. Staff is proposing to
Current Revenues
$ 81,834,114
$
81,834,114
increase expenses for prior year P.O.s by $11,954,021. Staff is
Impact Fees
11,800,000 $
11.800,000
proposing to increase the Impact Fee revenue by $11.8
Reduce Bond Proceeds
S (9,300,000) $
(9,300,000)
million. Over the past several years, impact fee revenue has
Parkside Development - Revenue
S 500,000 $
600,000
-exceeded budget due to new development. The new
budgeted figure aligns with year-end projections. Staff is also
proposing to reduce bond proceeds by $9.3 million. There is
Total Revenues 81,834,114 3,000,000
84,834,114
Expenses
a corresponding decrease in CIP expense for capital projects
Current Expenses
139,654,887
139,654,887
deferred to FY2021. Staff is proposing changes related to the
'Workday Prior Year PO
11,954,021
11,964,021
Parkside Development agreement. The City is obligated to
'City Lobbying - Reduce Expense
(34,733)
(34,733)
fund a 24" inch water transmission line, with a maximum
iCity Lobbying - Increase Transfer Out
34,733
34,733
obligation of $3,500,000. The City will receive a $500,000
Parkside Development- Expense
3,500,000
3,500,000
payment annually for the next six years. Staff is proposing to
'Water Resource Contracts
1,485,458
1,485,458
reduce expenses for lobby services by $34,733 and increase
Water Fund - Utility Increase
1,420,000
1,420,000
the transfer out by the same amount and the legislative
Records Specialist
62,580
62.680
advocacy contract will be budgeted in the General Fund. This
Line Locator Position - Salary and ISF Charges
32,309
32,309
proposed amendment is to comply with a new state law.
Line Locator Position -Truck -Transfer Out
33,500
33,500
Staff is proposing to increase water resource contracts by
Sludge Disposal
130,000
130,000
$1.48 million and pumping related expenses by $1.42 million.
Reduction in CIP Expenses
(9,300,000)
(9,300,000)
Staff is also proposing to transfer the costs of a Records
Developer Agreement
1,913,411
1,913,411
Specialist from Electric to Water, as well as add a Locator
position and vehicle as part of the mid year amendment.
Staff is proposing to increase expenses related to
development agreements for water and wastewater projects.
Staff is proposing increase the budget for sludge disposal.
Lastly, staff adjusted contigency reserves for operational
increase by $1.2 M.
Total Ex enses, 139,654.887 11,231,279
160,886,166
Ending Fund Balance 24,690,396 1,396,925
26,087,321
90 Operating Contlnqency 8,236,379 1,243,666
9,480,046
Non Ooeratina Continaencv 10,000,000 -
10,000,000
Available Fund Balance
Total Change in Appropriation for this Amendment ($)
Position Control Schedule (FTE)
163,269
19,903,393
759 1 760 Line Locator added in Water utility