CC - Item 6A - Adoption of the 2013-14 Fiscal Year BudgetROSEMEAD CITY COUNCIL
STAFF REPORT
TO: THE HONORABLE MAYOR AND CITY COUNCIL
FROM: JEFF ALLRED, CITY MANAGER qW
DATE: JUNE 11, 2013
SUBJECT: ADOPTION OF THE 2013 -14 FISCAL YEAR BUDGET
SUMMARY
The City Council will consider the adoption of the City's Budget for the 2013 -14 Fiscal
Year, which provides for a total appropriations of $35,967,800. The ongoing operations
of the General Fund budget of $18,828,300 are balanced with no surplus for the upcoming
fiscal year. Consequently, a full scope of services to residents will be continued without
service reductions.
A five -year financial outlook workshop with the City Council was held on May 14, 2013
and a 2013 -14 budget workshop was held on May 28, 2013. Since the budget workshop
on May 28th was conducted, only one correction has been made to reflect a correction to
Gas Tax revenue. The STP -L funding for a capital improvement project was not included
as Gas Tax revenue in the initial budget; therefore, an additional $330,000 in revenue
has been included for the Gas Tax Fund. No additional financial changes have been made
to the draft budget as presented at the May 28th workshop.
Staff Recommendation
Staff recommends that the City Council adopt Resolution 2013 -29 approving the
Operating and Capital Improvement Budget for the 2013 -14 Fiscal Year.
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process.
Prepared by:
MATTHEW E. HAWKESWORTH
ASSISTANT CITY MANAGER /FINANCE DIRECTOR
Attachment A — Resolution 2013 -29
ITEM NUMBER: _LPN
RESOLUTION NO. 2013 -29
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD ADOPTING
THE ANNUAL OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR THE
2013 -14 FISCAL YEAR
WHEREAS, a proposed annual budget for the City of Rosemead, California
commencing July 1, 2013 and ending June 30, 2104 was submitted to the City Council
for its review and consideration and the proposed annual budget is on file in the City
Clerk's office; and
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD,
CALIFORNIA DOES RESOLVE AS FOLLOWS:
1. The 2013 -14 Annual Operating and Capital Improvement Program Budget is
hereby adopted in the amount of $35,967,800.
2. There is hereby appropriated to each account group set forth in the "Detail
Budget" of said budget attached hereto, and made part hereof as though fully
set forth herein, the sum shown for such account groups in the 2013 -14
Adopted Column.
3. The Mayor shall sign and the City Clerk shall certify to the passage and
adoption of this Resolution and thereupon the same shall take effect and be in
force.
PASSED, APPROVED and ADOPTED this 11th day of June 2013.
Polly Low, Mayor
F-AAlirRIN
Gloria Molleda, City Clerk
APPROVED AS TO FORM:
Rachel Richman, City Attorney