CC - Item 4B - fiscal year 2003-04 Budget Authorization to transfer $424,800 from unappropriated reserveTO: HONORABLE MAYOR
AND MEMBERS
ROSEME D CITY COUNCIL
FROM: BILL CROWS CITY MANAGER
DATE: JUNE 14, 2004
RE: FISCAL YEAR 2003-04 BUDGET AUTHORIZATION TO TRANSFER
$424,800, FROM UNAPPROPRIATED RESERVE TO ORGANIZATIONS
4180, 4630, 4640, 4650, 4700, 4710, 4720, 4740, 4780, 4840, and 4870.
A review of this year's budget indicates that some. departmental accounts have
exceeded their budgeted amounts. Although total expenditures for the City are under.
budget, the City auditors are requiring that the City Council take Minute action to
approve budget transfers from unappropriated reserve to each department. Listed
below are the requested transfers:
City Buildings (4180) - $5,400 is requested to cover additional costs for building
maintenance and repairs and special insurance.
Traffic Signal Maintenance (4630) - $38,000 is requested to cover additional
costs for signal maintenance and repairs.
Maintenance Trees & Parkways (4640) - $13,200 is requested to cover
additional costs for routine tree maintenance and Rosemead Boulevard Median
Maintenance.
Maintenance Signs and Striping (4650) - $27,350 is requested to cover
additional costs for street and traffic signing.
Planning (4700) - $3,550 is requested to cover additional personnel costs for the
Associate Planner position.
Building Regulations (4710) - $240,400 is requested to cover additional costs for
building inspections.
COUNCIL AGENDA
JUN 2 2 2004
rTEM No. ✓ e74
2003-04 Budget Authorization
June 14, 2004
Page 2
Engineering (4720) - $19,300 is requested to cover additional costs for public
works inspection and supportive engineering.
Community Improvements (4740) - $55,250 is requested to cover additional
costs for personnel costs and graffiti removal supplies.
Solid Waste (4780) - $3,900 is requested to cover additional costs for
membership fees.
Recreation Fee and Charge (4840) - $14,450 is requested to cover additional
costs for class instructors.
Dinsmoor Heritage House (4870) - $4,000 is requested to cover additional costs
for grounds maintenance and repairs.
The estimated expenditures for 2003-04 is $17,795,815. The adopted 2003-04 Annual
Budget is $29,544,299. These figures indicate that the City will again come in under
budget.
RECOMMENDATION
It is recommended that the City Council authorize a transfer of $424,800 from
unappropriated reserves to cover additional costs incurred during the current fiscal year
2003-04 for organizations 4180, 4630, 4640, 4650, 4700, 4710, 4720, 4740, 4780,
4840, and 4870.
k lo: bu d get2004-05\expovbud.doc