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Home My WebLink About4.10 PrelFin 6-99 AGENDA STATEMENT CITY ;COUNCIL MEETING DATE: CITY CLERK FILE # 330-50 (September 21, 1999) SUBJECT: Preliminary Pro-Forma Financial Report 'For June 1999 Report Prepared by: Fred Marsh, Finance Manager EXHIBITS ATTACHED: 1. Chart - General Fund Revenues and Budget Comparison 2. Chart - General Fund Expenses and Budget Comparison Pro Forma Balance Sheet and Income Statements for the Period Ending June 30, 1999 4.' Budget Change Forms ' RECOMMENDATION: .,~ Accept and file the Financial 'Reports and Approve the Budget Changes FINANCIAL STATEMENT: See reports for detail of monthly financial activity. The budget adjustments required can be covered by reducing the amount appropriated to Reserves and from unanticipated revenues as discussed in more detail below. , DESCRIPTION: This item provides the report of the monthly financial statements for the month of June, which represents the final month 0fFiscal Year 1998-99. The financial statements are considered preliminary due to the fact that additional' financial entries are required before the. books for Fiscal Year 1998/99 are fully closed, including the final accrual of Sales Tax Revenue and allocation of interest income to other City funds. Consistent with prior reports the focus will be on General Fund Revenues and Expenditures, which represent the most significant portion of the City's operations. Analvsis of June 1999 Revenue and Expenditure Report This report will highlight significant trends, which differ from information presented in earlier reports. This preliminary report will highlight deviations from the projections included in the 1999/2000 Budget as well as the final amounts reported last Fiscal Year. Overall the final revenue and expenditure results for the year appear to be mostly consistent with the projections in the Fiscal Year 1999/2000 Preliminary Budget and Financial Plan (PLAN), which was presented to the City Council last June. It is important to emphasize that the information presented is preliminary and a final report will be presented with~ the Annual Audit. A more detailed analysis of General Fund Revenue and Expenditures is shown on the attached graphs (Exhibit 1 and Exhibit 2) and discussed below. G:hMONTHFS\fy99\699 financial reports. DOC COPIES TO: ITEM NO. 4.1o General Fund ReV:enues ~ Overall, based upon General Fund Revenues recorded to date, these Revenues are at 105% of budget and are approximately 14% greater than General Fund Revenues collected in the previous Fiscal Year. It should be noted that this difference may change as the result of any final year end accounting entries, including the final accrual for sales taxes and allocation of interest earnings. The following significant trends related to General Fund Revenues were noted: Property Taxes . Property Tax Revenue is 12% higher than in the prior year and within 1% of the amount estimated in the PLAN. The increase over the prior year resulted from an increase in the assessed valuation of commercial and residential properties within the cities as well as the addition of several new residential and commercial properties to the City's tax roll. Sales Tax Retail Sales Tax collections have remained strong and the amount recorded to date is approximately $400,000 under the amount estimated in the PLAN. It is expected that the final accrual will either meet or slightly exceed the original estimated amount. The increase has primarily resulted from continued strong sales in the Autos and Transportation Category. Compared to the prior fiscal year this revenue source is projected to be approximately 4% above the prior year amount. Transient Occupancy Taxes Transient Occupancy Tax (TOT) is 27% higher than in the prior year and 12% higher than the amount estimated in the PLAN. The increase is due to the opening of two new hotels within the City during the Fiscal Year and an increase in room rates at the City's existing hotel. Licenses and Permits The amount of revenue for this category is approximately 17% lower than estimated in the PLAN. This is largely attributable to the timing of the issuance of permits. The estimate had assumed that certain projects would obtain their pennits prior to June 30th. The total Pennit Fees represent a 77% increase over the amount collected in the prior fiscal year, which represents the significant increase in building projectstlng place within the City. Interest and Rentals As previously noted, the interest component of this category may be subject to a significant adjustment. All interest income is initially recorded in the General Fund and then spread among all ffmds at the end of the Fiscal Year, based upon the average monthly balance in those funds. Once this final adjustment has been posted it is expected that the interest earnings for the year will closely match the amount originally estimated in the PLAN. The amount of interest earnings has decreased from the prior Fiscal Year primarily due to a decrease in the amount of available cash for investment in the General Fund, due to the early retirement of the Civic Center bonds. Intergovernmental: Intergovernmental Revenue collected is consistent with the estimate used in the PLAN. The Fiscal Year 1998/99 colldctions are approximately 10% higher than the previous Fiscal Year. This reflects a statewide increase in the per capita of Motor Vehicle License Fees amount distributed as well as the increase in the City of Dublin population. Ch:Irges for Services This category is consistent with the estimate used in the PL~AN. Compared to the previous Fiscal Year the amounts are approximately 40% higher. This difference is largely attributable to Development Services project processing costs which are recovered from the applicant, as well as an increase in the collection of fees for Fire Services. ~ General Fund Expenditures '. Total Fiscal Year 1999/2000 General Fund Expenditures in the June 1999 preliminary financial report are at 91% of budget, as discussed in further detail below. General Government / Debt Service: (94% of Budgeted Expenditures) This primarily reflects favorable results from a requirement to budget the entire Gross Civic Center Lease Payment, even though a portion of the payment was paid for by interest income from reserve investments held by the Trustee. Within this category the City Attorney division was approximately $4,000 over budget due to higher than expected legal costs incurred for new development projects occurring within the City. Public Safety: (98% of Budgeted Expenditures) The current:favorable variance is due to lower than expected costs for Fire and Animal Control Services. This was were partially offset by higher than expected costs for Police Services, which was over budget by approximately $47,000 due to higher than expected contract personnel costs during the Fiscal Year. Transportation (98% of Budgeted Expenditures) The positive variance was due primarily to lower than expected costs incurred for street repair in the City's annual street .overlay project. This was partially offset by higher than expected costs for Street Tree maintenance, which exceeded budget by approximately $5,000, and for Street Landscaping maintenance, which exceeded budget by approximately $12,000. Culture and Leisure Services (86% of Budgeted Expenditures) The positive variance was due to a delay in the recruitment and appointment of staff to vacant positions and lower than expected charges for water usage in the City's parks; -~ Community Development (101% of Budgeted Expenditures) The costs have exceeded the budgeted amount for the year due to additional contract engineering costs incurred for new development in Eastern Dublin. As a result, the Engineering division exceeded its budget by approximately $134,000. The engineering costs associated with development projects are offset by fees. This negative budget variance was partially offset by budget savings in the Economic Development division due to staffing vacancies during part of the Fiscal Year. Capital Improvement Projects: (59% of Budgeted Expenditures) The budget variance is primarily due to the fact that several of the projects, including the Building Permit System, Communication System Up~ade, Fire Apparatus purchase, Civic Center Modification, and Document Storage and Retrieval projects will not be completed until Fiscal Year 1999-2000. Proposed Bridget Adjustments As part of this report, staff is also requesting year end budget adjustments at this time. This will allow the Staff to deliver a clean set of records to the Auditors when they begin their final work. All of the adjustments listed on the attached budget change forms related to the General Fund have been discussed above and related to situations where the total spending in a particular Activity (i.e. Department or Project) exceeded the total budget. In addition, budget changes are required in various Special Revenue Funds (Funds 202-225 and 712:,717), totaling $24,000, and the Traffic and Public Facility Fee Impact Fee Funds (Funds 300 and 310) totaling $19,000. The budge.t variances in the Special Revenue Funds resulted primarily from additional expenditures incurred for the completion of several street improvement projects, as well as for storm sweeping and waste management contract services. The budget variances in the Impact Fee funds were due to unbudgeted expenditures incurred on street right of way expenditures in the Traffic Impact Fee fund, as well as expenditures incurred on the completion of the Emerald Glen Park Master Plan, which was originally expected to be completed in Fiscal Year 1997-98. All of the General, Special Revenue and Impact Fee funds had sufficient reserves available to cover these budget changes. Conclusion Staff recommends that the City Council receive and file these reports, as authorized by Section 41004 of the California Government Code, and authorize the Mayor to execute the Budget Changes. This information will be reflected in the Final Comprehensive Annual Financial Report, which staff anticipates presenting to Council by the second council meeting in December. Total General Fund Revenues Sales Taxes City of For the Period Ending June 30, 1999 - Unaudited lll0s% ! 1100% Property Taxes ~ 101% : 100% Transient Occupancy Taxes Franchise Taxes Licenses and Permits Interest and Rentals Intergovernmental from State Dublin 1998-99 YTD Revenues and Budget Comparison 97% "],' 100% ~ 116% i100% :o0o :,0' 132%i !100% i 151% [100% ! J 100% ~ Charges for Services 44% Other Revenues ~ 110:% iloo% i10o% !1 FY 98/99' ;[] FY 97/98i 0% 30% 60% 90% 100% of Year Complete 120% 150% Property Taxes Sales Taxes Transient Occupancy Taxes Franchise Taxes Licenses and Permits Interest and Rentals intergovernmental Charges for Services Other Revenues Total General Fund Revenues FY 98/99 Budget 5,091,100 8,200,000 337,000 815,000 1,876,755 1,225,530 1,308,420 3,175,878 683,695 22,713,378 FY 98~99 % of YTD Actual Budget 5,148,826 101% 7,964,387 97% 389,664 116% 849,959 104% 2,472,217 132% 1,854,796 151% 1,356,234 104% 3,482,983 110% 303,424 44% FY 97/98 YTD Actual 4,583,190 8,025,448 306,318 759,803 1,398,677 1,556,181 1,233,812 2,483,861 547,473 23,822,490 105% 20,894,763 % of Total for FY 97~98 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% Total General Fund Expenses City of Dublin 1998-99 YTD Expenses and Budget Comparison For the Period Ending June 30, 1999 - Unaudited ~ ~ '91% '~ 100% General Government Civic Center Lease Police Fire Other Public Safety Transportation Health and Welfare Culture & Community Services Community Development Capital Improv. Projects 0% I i 70% · FY 98/99 1~ FY 97/98 t 100% i100% 30% 59% 60% .. 90% i100% 100% of Year Complete 120% General Government Civic Center Lease Police Fire Other Public Safety Transportation Health anaWelfare Culture and Community Services Community Development Capital Improvement Projects Total General Fund Expenses FY 98~99 Budget 2,277,735 1,719,374 4,458,863 4,210,354 272,131 794,440 18,160 2,597,146 3,558,127 3,033,678 22,940,008 General Fund Operating Expenses 19,906,330 FY 98~99 YTD Actual 2,133,268 1,614,407 4,505,553 4,109,003 190,837 776,839 16,969 2,236,707 3,602,195 1,779,159 20,964,937 19,185,778 % of Budget 94% 94% 101% 98% 70% 98% 93% 86% 101% 59% 91% 96% FY 97~98 YTD Actual 1,761,643 1,493,348 4,313,328 3,628,258 262,959 650,709 17,039 2,168,994 2,761,133 987,200 18,044,611 17,057,411 % of Total for FY 97~98 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 10'/, 0 °o 100% ATTACHMENT 2 CITY OF DUBLIN'S PRELIMINARY FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED 6/30/1999 Prepared by The Finance Department September 14, 1999 ATTACHMENT3 Revenues Property Taxes Sales Taxes Real Property Transfer Tax Hotel Transient Occupancy Tax Franchise Taxes Licenses and Permits Fines and Forfeitures Use Money and Property - Interest Intergovernmental from State Charges for Services Other Sources of Revenue Total Revenue Expenditures General Government City Council City Manager City Attorney Administrative Services Building Management Facility Rental Insurance Cost Center Elections Cost Center Non Departmental Activity Total Public Safety Police Crossing Guards Animal Control Disaster Preparedness Fire Services Activity Total City of Dublin Income Statement Showing Revenues Versus Expenditures For the Period 7~98 Through 6~99 Pro Forma Current Current Budget Actual % Variance 4,856,100 4,866,093 100% 8,200,000 7,964,387 97% 235,000 282,733 120% 337,000 389,664 116% 815,000 849,959 104% 1,876,755 2,472,217 132% 45,950 60,876 132% 1,225,530 1,854,796 151% 1,308,420 1,356,234 104% 3,175,878 3,482,983 110% 637,745 242,648 38% 22,713,378 23,822,490 105% (9,993) 235,613 (47,733) (52,654) (34,959) (595,462) (14,926) (629,266) (47,814) (307,105) 395,197 (1,109,112) 150,673 140, 181 93% 350,365 331,377 95% 306,800 310,526 101% 743,465 687,376 92% 537,270 531,818 99% 1,719,374 1,614,407 94% 143,047 125,622 88% 6,415 6,335 99% 39,700 3,997,109 3,747,542 94% 10,492 18,988 (3,726) 56,089 5,452 104,967 17,425 80 39,700 249,467 4,458,863 4,505,553 101% 52,887 51,697 98% 180,700 104,146 58% 38,544 34,994 91% 4,210,364 4,109,003 98% 8,941,348 8,805,393 98% (46,690) 1,190 76,554 3,550 101,351 135,955 Prior Fiscal Year 4,351,859 8,025,448 231,331 306,318 759,803 1,398,677 40,421 1,556, 181 1,233,812 2,483,861 507,052 20,894,763, 120,445 316,767 220,439 623,479 315,482 1,493,348 154,080 650 300 3,254,990 4,313,328 48,728 191,931 22,300 3,628,258 8,204,545 Change From Prior Year 514,234 (61,061) 51,402 83,346 90,156 1,073,540 20,455 298,615 122,422 999,122 (254,504) 2,927,727 19,736 14,610 90,087 63,897 216,336 121,059 (38,458) 5,685 (300) 492,652 192,225 2,969 (87,785) 12,604 480,745 600,848 Transportation Public Works 393, 130 389,505 99% 3,625 355,586 33,919 Street Maintenance 141,720 112,085 79% 29,635 55,741 56,344 Street Tree Maintenance 44,990 49,395 110% (4,405) 43,154 6,231 Street Landscaping Maintenance 214,600 225,855 105% (11,255) 196,217 29,638 Activity Total 794,440 776,840 98% 17,600 650,708 126, 132 Health and Welfare Waste Management Child Care Activity Total 6,160 4,969 81% 1,191 5,039 12,000 12,000 100% 12,000 18,160 16,969 93% 1,191 17,039 (7o) (70) City of Dublin Income Statement Showing Revenues Versus Expenditures For the Period 7~98 Through 6~99 Pro Forma Current Current Budget Actual % Variance Prior Fiscal Year Change From Prior Year Culture and Leisure Services Library Services 258,848 255,689 99% 3, 159 216,997 38,692 Cultural Activities 20,000 20,000 100% 10,000 10,000 Heritage Center 55,272 42,974 78% 12,298 53.874 (10,900) Dublin Cemetery 21,624 15,010 69% 6,614 36,932 (21,922) Park Maintenance 619,429 533, 105 86% 86,324 551,611 (18,506) Community TV 71,141 58,047 82% 13,094 36,347 21,700 Recreation Admin 290,509 263,019 91% 27,490 247,461 15,558 Playgrounds 137,665 137,577 100% 88 119,477 18, 100 Shannon Center 153,998 164,517 107% (10,519) 145,355 19,162 Preschool 56,878 49,284 87% 7,594 52,097 (2,813) Teens Program 52,778 44,993 85% 7,785 34,249 10,744 Adult Sports 84,219 60,276 72% 23,943 57,313 2,963 Youth Sports 99,301 53,429 64% 45,872 45,216 8,213 Special Events 145,976 105, 170 72% 40,806 98,681 6,489 Senior Center 124,910 99,699 80% 25,211 96,151 3,648 Recreation Instruction 122,588 115, 161 94% 7,427 136,050 (20,889) Aquatica 255,751 218,757 86% 36,994 231,182 (12,425) Parks / Facility Management 26,259 26,259 Activity Total 2,597,146 2,236,707 86% 360,439 2,168,993 67,714 Community Development Planning Building Safety Engineering Economic Development Activity Total Capital Improvement Projects General CIP Projects Community Improvements Parks Street Construction / Improvements Activity Total Total Expenditures 944,988 1,009,730 107% 880,947 794,997 90% 1,648,161 1,681,728 109% 184,031 115,740 63% 3,558,127 3,602,195 101% · 1,330,862 252,013 19% 72,994 63,272 87% 1,261,760 1,110,304 88% 368,062 353,570 96% 3,033,678 1,779,159 59% 22,940,008 20,964,905 91% -326,630 2,857,585 -1261% -2,531 -229,161 39,874 -12,220,100 -9,322,641 Excess Revenues (Expenditures) (64,742) 85,950 (133,567) 68,291 (44,068) 1,078,849 9,722 151,456 14,492 1,264,519 1,975,103 (3,084,215) Transfers tn From Other Funds Transfers Out From Other Funds 814,255 606,011 1,186,463 154,403 2,761,132 412,250 62,322 146,394 366,234 987,200 18,044,607 2,850,156 24,137 -8,385 2,865,908 Appropriations to Reserves 195,475 188,986 495,265 (38,663) 841,063 (160,237) 950 963,910 (12,664) 791,959 2,920,298 7,429 PERIOD CITY OF DUBLIN BALANCE SHEET FOR THE 01Ju198 THROUGH GENERAL SPECIAL SPECIAL CAPITAL REVENUE REVENUE ASSESSMENT IMPROVEMENT FUNDS FUNDS FUNDS FUND 30jun99 TRUST/ AGENCY FUND TOTALS ---MEMORANDUM ONLY--- CURRENT PRIOR ASSETS CASH CASH WITH FISCAL AGENT UNAMORTIZED BOND DISCOUNT (14.879.430) INVESTMENTS AT COST RECEIVABLES: TAXES ACCOUNTS (NE INTEREST ASSESSMENTS 34,556,969 540,289 504.692 DUE FROM OTHERS INVENTORY AT COST PREPAID ITEMS FIXED ASSETS AMOUNT TO BE PROVIDED TOTAL ASSETS 5.849 7.027 20.735.395 LIAL/FND BAL/RETND ERNGS DEPOSITS FOR PRIVATE DEVEL DEPOSITS FOR AB1600 FEES DEPOSITS OTHERS PAYABLES: ACCOUNTS INTEREST PAYROLL DUE TO OTHERS DEBT INSTRUMENTS PAYABLE TOTAL LIABILITIES (3.797.817) FUND BALANCES (16.937.579) TOTAL FUND E (16.937.579) (498,812) (820.494) (2.350.532) (215.641) TOTAL LIAB. FND BAL. RETD (20,735.395) 1.593.710 133,870 78,048 1.805.628 (246,145) 321.506 13.733.358 2,287 323.793 13.733.358 (14.356,758) (5,849) (25.329) (318,641) (246,145) (25.329) (14,681.248) (1.559.483) (298.464) 947.890 (1.559.483) (298.464) 947.890 (1.805,628) (323.793) (13.733.358) 187.624 956.767 149.763 149.763 34.556,969 440 676.886 504.692 1.860,500 2.198.328 83.897 7.027 1.860.500 38.796.501 (498.812) (14,356.758) (826.342) (2.940.647) (215.641) (1.978,000) (1.978.000) (1.978.000) (20.728.538) (220.328) (18.067.963) (220.328) (18.067.963) (2.198.328) (38.796,501) INTERNAL SERVICE FUNDS PERIOD 01Ju198 CITY OF DUBLIN BALANCE SHEET FOR THE THROUGH 30Jun99 ENTERPRISE FUNDS FIXED ASSETS GENERAL LONG GROUP OF TERM DEBT ACCOUNTS ACCOUNT GROUP TOTALS - - -MEMOR/~NDUM- - - CURRENT PRIOR ASSETS CASH CASH WITH FISCAL AGENT UNAMORTIZED BOND DISCOUNT 995.350 INVESTMENTS AT COST RECEIVABLES: TAXES ACCOUNTS (NE INTEREST ASSESSMENTS DUE FROM OTHERS INVENTORY AT COST PREPAID ITEMS FIXED ASSETS AMOUNT TO BE PROVIDED TOTAL ASSETS LIAL/FND BAL/RETND ERNGS 19.925.316 20,920.666 DEPOSITS FOR PRIVATE DEVEL DEPOSITS FOR AB1600 FEES DEPOSITS OTHERS PAYABLES: ACCOUNTS (20.806) INTEREST PAYROLL DUE TO OTHERS DEBT INSTRUMENTS PAYABLE TOTAL LIABILITIES (20.806) FUND BALANCES (20.899.860) TOTAL FUND E (20,899.860) TOTAL LIAB. FND BAL, RETD (20.920.666) 6.380,138 27.484.278 6.380.138 27.484.278 (27.484.278) (27.484.278) (6.380.138)' (6.380,138) (6.380.138) (27.484.278) 995.350 26,305.454 27.300.804 (20.806) (20.806) (27.279.997) (27,279,997) (27.300.804) CITY OF DUBLIN BUDGET CHANGE FORM - GENERAL FUND New Appropriations (City Council Approval Required): X__ From Unappropriated Reserves X From New Revenues CHANGE FORM # Budget Transfers: From Budgeted Contingent Reserve (1080-799.000) Within Same Department Activity Between Departments (City Council Approval Required) Other 'INCREASE BUDGET'ACCOU~'T:. .4~IOUNT ':' :i..' : ........ 7""REASON FOR BUDGET ENTRY' :'" ...... :7 Name: City Attorney Professional Services Reimbursable Account #: 001 - 10300-741-003 Name: Police - Contract Personnel Services Account #: 001.20100.740.001 Name: Street Tree Maintenance - Contract Srvc Account #:001.30400.740.000 Name:Street Landscaping Maintenance - Contract Services Account #:001.30500.740.000 Name: Engineering - Contract Services - Private Development Reimbursable Account #:001.90300.740.072 REVENUES Name: Charges for Services Plan Check Account #: 001-5 65 -002 4,000 Entry needed due to higher than expected legal costs incurred for new development projects occurring within the City. 47,000 5,000 12,000 Entry needed due to higher than expected personnel costs due to investigative work performed in relation to the death of a police officer during the Fiscal Year. Entry needed due to additional trimming costs incurred in order to provide additional pedestrian and vehicuiar safety on the City's streets. Entry needed due to additional costs incurred for the Pasta Festival and for a funeral procession in honor of a death of a police officer. 138,000 Entry needed due to additional engineering costs incurred for new development in Eastern Dublin. 167,500 The additional engineering costs for development noted above were offset by additional fees received from developers, resulting in the following Revenue budget adjustment. NOTE: These represent the final year end budget adjustments for the Preliminary Financial Report for Fiscal Year 1998-99 City Manager: Date: Mayor: Posted By: Signature Signature Signature Date: Date: ATTACHMENT 4 CITY OF DUBLIN ~' ~/~ BUDGET CHANGE FORM - SPECIAL REVENUE / CAPITAL PROJECT FUNDS CHANGE FORM # New Appropriations (City Council Approval Required): Budget Transfers: X__ From Unappropriated Reserves From Budgeted Contingent Reserve (1080-799.000) Name: State COPS fund-Contract Personnel Account#: 202-20100-740.001 Name: Federal COPS fund-Contract Personnel Account#: 203-20100-740.001 Name: Gas Tax Fund - Silvergate Median Landscaping - Filing Fees Account #: 206-94610-730-000 Name: Name:Gas Tax Fund - Dougherty Rd Imprv - Improvements Account #: 217-96850-750-050 Name: NPDES Fund - Engineering - Cont Srv Account #: 222-90300-740-000 Name: Garbage Service Fund - Waste Management - Contract' Services Account #: 225-50200-740-000 Name: San Ramon Spec Plan AD - Traffic Signals and Street Lighting - Contract Services Account #: 712.20400.740.000 Name:Dougherty Landscape and Lighting AD - Street Tree Maintenance - Contract Services Account #: 713-30400-740-000 Name: Santa Rita Lighting and Landscape AD - Public Works - Salaries Account #: 716-30100-701-000 Name: Gas Tax Fund - Street Overlay - Salaries Account #: 206-96580-701-001 1,100 500 200 The City received a higher than expected State COPS grant allotment from the state, allowing the City to fund additional Police contract personnel expenditures from this fund. This budget adjustment reflects the additional funds received. The City earned interest earnings on its Federal COPS grant advance, which was not anticipated in the City's original budget This allowed the City to fund additional Police contract personnel expenditures from this fund. This reflects some unanticipated remaining expenditures on this project which was completed in a prior Fiscal Year. 1,500 5,500 6,000 1,000 500 500 Due to a higher than anticipated amount of Measure B monies received during the year, the City was able to fund additional improvement expenditures out of this fund. Entry is needed to cover higher than expected costs billed to the City from the County for the clean water program. Entry is needed due to additional expenditures incurred for waste management contract services, which was offset by higher than anticipated waste management related revenues. The remaining monies in this fund (carded over from previous years) were used to pay for signal maintenance. This was not included in the City's original budget. This fund is now closed. Entry needed due to additional trimming costs incurred in order to provide additional pedestrian and vehicular safety on the City's streets in this assessment district. Entry needed due to a higher than expected allocation of staff time for work on this assessment district. 2,000 Entry needed due to a higher than expected allocation of staff time for work on this project. City Manager: Date: Signature NOTE: These represent the final year end budget adjustments for the Preliminary Financial Report for Fiscal Year 1998-99 (1/2) Mayor: Posted By: forms l, budgch ng ;'::::::"~2):i::::' ::i::::):: i:: ~:::i'.:AsAPProved'at the City:Council'Meeting on::,: :Date: 9.21,99 Signature Date: Signature Date: CITY OF DUBLIN ,it BUDGET CHANGE FORM - SPECIAL REVENUE / CAPITAL PROJECT FUNDS New Appropriations (City Council Approval Required): 'Budget Transfers: CHANGE FORM # 7- X__ From Unappropriated Reserves From Budgeted Contingent Reserve (1080-799,000) ::;. :~:;: DECREASE BUDGET ACCOIYNT'i'~::i' :':' :'] A~MOU~T ." .:"7 '.; .: "~: '~!:7i"' RE~41SON FOI~'BLq)~ETY ENTRY :' :'i::,77r: :' :-7"'~ :' "' Name: Traffic Impact Fee Fund - Traffic Signals Village Parkway - Salaries Account #: 300-96560-701-000 Name: Traffic Impact Fee Fund - Eastern Dublin Right of Way Acquisition - Contract Right of Way Services Account #: 300-96650-740-083 Name:Eastern Dublin Street Lighting AD - Engineering- Legal Notices Account #: 717-90300-728-000 Name:Gas Tax Fund - Dougherty Rd ImprV:- Salaries Account #: 206-96850-701-001 Name: Public Facility Fees - Recreation Admin - Professional Services Account #: 310-80400-741-000 Name: Public Facility Fees - Public Facility Fee Study - Professional Services Account #: 310-94500-741-000 Name: Public Facility Fees - Emerald Glen Park Master Plan - Professional Services Account #: 310-95610-741-000 500 10,000 This project was originally not expected to begin until Fiscal Year 1999-2000. Staff time was incurred during the year to obtain grants to fund this project. This project was not originally anticipated to take place until Fiscal Year 1999-2000, however some preliminary work took place on this project in Fiscal Year 1998-99. 500 This assessment district was not accounted for in the City's original budget for Fiscal Year 1998-99. These costs represents the notices sent out to owners in the district in June for the assessments to be levied for Fiscal Year 1999-2000. 100 Entry needed due to a higher than expected allocation of staff time for work on this project. 2,500 500 6,000 Entry needed to cover costs for work initially expected to be completed in the prior Fiscal Year for the development of standards for Emerald Glen Park. Entry needed to cover costs for work initially expected to be completed in the prior Fiscal Year for the update to the Public Facility Impact Fee study. ~ Entry needed to cover costs for work initially expected to be completed in the prior Fiscal Year for the Emerald Glen Park Master Plan. City Manager: Date: Signature NOTE: These represent the final year end budget adjustments for the Preliminary Financial Report for Fiscal Year 1998-99 (2/2) Mayor: Posted By: Date: Signature Date: Signature forrnslbudgchng