CC - Item IV.CC-D - Budget Authorization To Transfer $422,170 from Unappropriated Reserve To Organizationsstaf
TO: HONORABLE MAYOR
AND MEMBERS
ROSEMEAD CITY COUNCIL
epor
FROM: FRANK G. TRIPEPI, CITY MANAGES
DATE: JUNE 19. 2000
RE: 1999-2000 BUDGET AUTHORIZATION TO TRANSFER $422,170,
FROM UNAPPROPRIATED RESERVE TO ORGANIZATIONS 4110,
4130, 4340, 4510, 4600, 4630, 4700, 4710, 4840 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 Administration (4110) - $18,870 is requested to cover the costs of personnel
expenses.
Finance (4130) - $60,100 is requested to cover additional costs for the Y2k
project and City's network system.
Street Lighting (4340) - $10,000 is requested to cover additional costs for the
energy and maintenance expenses.
Traffic Administration (4510) - $8,500 is requested to cover additional costs for
various traffic studies.
Street Maintenance (4600) - $62,400 is requested to cover costs for the Rubio
Bridge project. Approximately $62,000 will be reimbursed from the Federal
Emergency Relief Grant. r~t (
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1999-2000 Budget Authorization
June 19, 2000
Page 2
Traffic Signal Maintenance (4630) - $17,000 is requested to cover additional
costs for signal maintenance.
Planning (4700) - $18,040 is requested to cover additional costs for the GIS
system.
Building Regulation (4710) - $84,800 is requested to cover the costs for the
increase in building inspections and rehabilitation inspections. A similar
increase is reflected in revenues.
Recreation Fee & Charge (4840) - $58,460 is requested to cover the costs for
the increase in classes. A similar increase is reflected in revenues.
Park Project (4880) - $84,000 is requested to covert the costs for the Garvey
Park Clubhouse project. This project is reimbursed from the Safe Neighborhood
Park Grant.
The estimated expenditures for 1999-2000 is $14,552,537. The adopted 1999-2000
Annual Budget is $17,961,626. These figures indicate that the City will again come in
under budget.
RECOMMENDATION
It is recommended that the City Council authorize a transfer of $422,170 from
unappropriated reserves to cover additional costs incurred during the current fiscal
year 1999-2000 for organizations 4110, 4130, 4340, 4510, 4600, 4630, 4700, 4710,
4840 and 4880.
klo:budget2000 -01 \expubud.doc