CC - Item 4B - FYE 2005-04 Budget Authorization Transfer $325,860•
TO: HONORABLE MAYOR
AND MEMBERS
ROSEM AD CITY COUNCIL
FROM: BILL C E, CITY MANAGER
DATE: JUNE 16, 2005
•
RE: FISCAL YEAR 2004-05 BUDGET AUTHORIZATION TO TRANSFER
$325,860, FROM UNAPPROPRIATED RESERVE TO ORGANIZATIONS
4240, 4310, 4360, 4630, 4650, 4710, 4720, 4740, 4820, 4830, AND 4880
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 Garage (4240) - $10,750 is requested to cover additional costs for
automotive maintenance and repairs.
Parking Control (4310) - $57,350 is requested to cover additional parking control
and parking citation administration costs.
Narcotics Forfeiture and Seizure (4360) - $1,200 is requested to cover additional
costs for the Gang Alternative and Prevention Program.
Traffic Signal Maintenance (4630) - $80,000 is requested to cover additional
costs for signal maintenance.
Maintenance Signs and Striping (4650) - $18,400 is request to cover additional
costs for traffic marking and signing.
Building Regulation (4710) - $24,680 is requested to cover additional costs for
rehabilitation inspections and investing/processing public complaints.
COUNCit- AG, ECIOA
JUN 2 8 2005
ITEM K'o.~^G _B
2004-05 Budget Authorization
June 16, 2005
Page 2
Engineering (4720) - $15,000 is requested to cover additional costs for map
review and public works inspections.
Community Improvements (4740) - $54,810 is requested to cover additional
costs for graffiti removal.
Recreation (4820) - $22,170 is requested to cover additional recreation program
costs.
Aquatics (4830) - $21,500 is requested to cover additional pool maintenance and
repair costs.
Parks Projects (4880) - $20,000 is requested to cover the Rosemead Pool and
Garvey Pool Improvement projects.
The estimated expenditures for 2004-05 is $19,958,245. The adopted 2004-05 Annual
Budget is $30,836,761. These figures indicate that the City will again come in under
budget.
RECOMMENDATION
It is recommended that the City Council authorize a transfer of $325,860 from
unappropriated reserves to cover additional costs incurred during the current fiscal year
2004-05 for organizations 4240, 4310, 4360, 4630, 4650, 4710, 4720, 4740, 4820,
4830, and 4880.
k1o: budget2005-06\expovbud.doc