CITY COUNCIL AGENDA ITEM
Meeting Date: June 10, 2003
Subject/Title: Approve a resolution
adopting the 2003/04-2004/05 Final Budget for the City of Brentwood
Submitted by: Pamela Ehler, Director of Finance and Information Systems
Approved by: John Stevenson, City Manager
Approve a resolution adopting the 2003/04-2004/05 Final Budget for the
City of Brentwood.
The Preliminary budget was presented at the June 10, 2003, workshop for
City Council comments and review.
As discussed in the Budget Message, the City’s Operating Budget
of $180.9 million and the Redevelopment Agency’s Budget of $7.4
million adhere to the City Council’s Goals and Objectives. In accordance
with the Budget Development Guidelines, this budget is free from reliance
upon non-recurring revenue sources and does not commit to spending more
than realistic estimates of revenues. In order to keep up with the fast
pace of growth, the Budget will be reviewed quarterly, or sooner if necessary,
to allow the City Council to respond to changes in the economy or development
community in a timely manner.
The General Fund Balance, projected for June 2004, increased from $ 15,718,447
to $ 16,187,436.
The General Fund Budget includes:
? Four (4) Police Officers to comply with 1.5 sworn positions per 1,000
? $179,268 for Police Activities League Program
? New Staff for Arts Commission in FY 2004/05
? Contribution of $432,000 for Fire Department/EMT Services
? Continued support to the Library of $97,611
? Funding for the new Accounting Software
Retained earnings for June 30, 2004 is projected to be $2,845,090 for
the City Rental Enterprise (Brentwood Education and Technology Center).
Approximately 25 tenants are renting space at the Technology Center. Goals
for next year include reaching a 90% occupancy rate which will be aided
by the remodeling of larger areas into smaller space.
PARKS AND RECREATION ENTERPRISE
As a result of the fee study which was completed this fiscal year, revenues
for fiscal year 2003/04 and 2004/05 have been projected based on the fee
study. This budget also includes a $150,000 transfer of funds from the
Redevelopment Agency to purchase a portable stage. Retained earnings for
this enterprise is projected to be $1,667,312 as of June 30, 2004.
SOLID WASTE ENTERPRISE FUND
The retained earnings for the Solid Waste Enterprise Fund is projected
to be $777,022 by June 30, 2004. A rate study is expected to be completed
by September 2003 which will include building a new facility to accommodate
ultimate build-out growth of future years.
WATER ENTERPRISE FUND
The Water Enterprise Fund is projected to have retained earnings of $2,649,519
at June 30, 2004. The rate study has been completed and this budget includes
revenue projections based on the new tiered rate structure. This fund
includes a new division for non-potable water which is treated at the
wastewater treatment plant and sold for irrigation or industrial purposes.
WASTEWATER ENTERPRISE FUND
Retained earning for June 30, 2004 is projected to be $41,137,541. The
end of fiscal year 2002/03 also brings the completion of the Wastewater
Treatment Plant. The completion of the Plant will ensure that treatment
facilities are available for the expected growth of the City.
BUDGET ASSUMPTIONS FOR ALL
Effective July 1, 2003, the
City Council changed the pay policy for 10% above the mean to the 85th
percentile on designated cities. This budget reflects this change.
Insurance costs have increased
commensurate with the insurance claims that have arisen within the Joint
Powers Authority membership of which the City of Brentwood is a member.
This budget includes estimated increases for health insurance of 20% and
property insurance of 31%.
2003/04 – 2004/05 Preliminary Operating Budget (Previously distributed
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF BRENTWOOD ADOPTING THE 2003/04-2004/05 FINAL BUDGET FOR
THE CITY OF BRENTWOOD
WHEREAS, the City Council of
the City of Brentwood has reviewed the financial condition of the City
of Brentwood; and
WHEREAS, the City departments
have submitted requests for appropriations to fund the departmental programs
to provide services for the City of Brentwood; and
WHEREAS, the City Council has
reviewed these specific departmental requests and held workshops to discuss
City priorities for the expenditure of City funds.
NOW, THEREFORE, BE IT RESOLVED
that the City Council of the City of Brentwood hereby adopts the 2003/04-2004/05
Final Budget for the City of Brentwood as presented by the City Manager.
PASSED by the City Council
of the City of Brentwood at its regular meeting on June 10, 2003 by the
Karen Diaz, CMC