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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4 All ordinances and resolutions, or parts of ordinances and resolutions, in conflict with this Ordinance are hereby repealed, and are no longer of any force and effect.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: cr r� C k�b- 9X�ti1�YltiSu.� Ag4.City Attorney THE C OF aEOETOIWN_ N/Ik7b JA 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