HomeMy WebLinkAboutPCDC Resolution 2009-07 06/15/2009RES®LUT!®N N®. 2009-07
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
APPROVING ADJUSTMENTS TO THE
PETALUMA COMMUNITY DEVELOPMENT COMMISSION FY 2008-09 BUDGET
WHEREAS, on June 16, 2008, the PCDC Commissioners adopted Resolution No. 2008-Ob,
adopting the FY 2008-09 PCDC Preliminary Budget; and,
WHEREAS, on February 9, 2009, PCDC Commissioners considered amid-year financial
report on the FY 2008-09 PCDC Budget; and,
WHEREAS, the PCDC considered various adjustments to the budget and requested that
changes be reflected in certain line-items with the intention of having the budget reflect current
financial conditions; and
NOW, THEREFORE, BE IT RESOLVED that the Petaluma Community Development
Commission hereby approves and adopts adjustments to the FY 2008-09 PCDC Budget,
attached hereto as Exhibit A.
ADOPTED this 15th day of June, 2009, by the following vote:
Commissioner Aye No Absent Abstain
Vice Chair Barrett X
Glass X
Harris X
Healy X
RabbitF X
Renee X
Chair TorliatF X ,~'w ~
ATTEST:
Claire Cooper, CMC, Recording cretary
,~,.r~
Pa ela Torliatt, Chair
APPROVED T ORM:
Eric Danly, G eral Counsel
PCDC Resolution No. 2009-07 Page 1
Exhibit A
FY 2008-09 Year End Budget Adjustment Summary
Department General Fund Expenditures (reduction)/increase
Transfer Out -excess funds returned from CIP funds ($10,500)
Fire-Transfer out- Fire FEMA grant match $40,000
Bad debt expenditure-Forgiveness of Ambulance Loan $1,212,400
Net Increase General Fund Appropriations $1,241,900
General Fund .Revenues (reduction)/increase
Sales Tax Revenue ($300,000)
CIP Administration Charges for Services (800,000)
Fire -Incident Reimbursements 239,150
Vehicle License Fees (54,000)
Net Decrease General Fund Revenues ($914,850)
Special Revenue Funds -Revenues (reduction)/increase
Forgiveness of Ambulance Loan $1,212,400
Transient Occupancy Tax revenue ($50,000)
HOME/BEGIN grant 521,000
(3) General Gov't grant 20,000
(1) Fire grant 259,000
(l) Police grant 140,000
Net Increase Special Revenue Funds $2,102,400
Special Revenue Funds -Expenditures (reduction)/increase
HOME/BEGIN grant 666,600
(3) General Gov't grant 20,000
(1) Fire grant 259,000
(1) Police grant 140,000
Landscape Assessment .District 78,000
Community Facilities Impact Fees excess funds returned from CIP funds (419,700)
Traffic Mitigation Impact Fees excess funds returned from CIP funds (778,130)
Street Reconstruction excess funds returned from CIP funds (477,050)
Aquatic Facility Impact Fees 250
Street Reconstruction 112,500
Net Decrease Special Revenue Funds ($398,530)
PCDC Funds -Revenues (reduction)/increase
PCDC- Tax Increment -ERAF shift not sent to State in May 2009 $1,044,700
Transfer In for debt service 70,000
Net Increase PCDC Funds $1,114,700
PCDC Resolution No. 2009-07 Page 2
PCDC Funds -Expenditures (reduction)/increase
Debt Service 70,000
Transfer Out for debt service 70,000
(2) Transfer Out -excess funds returned from CIP funds (6,674,000)
Transfer Out - to fund additional CIP appropriations 1,062,020
Net Decrease PCDC Fund ($5,471,980)
Capital Improvement Project Funds -Revenues (reduction)/increase
General Govt CIP excess funds returned to original fund source ($419,700)
Community Development CIP excess funds returned to G.F. (10,550)
Fire CIP excess funds returned to original fund source (4,239,000)
Police CIP excess funds returned to original fund source (2,075,000)
Public Works CIP excess funds returned to original fund source (1,255,180)
PCDC CIP excess funds returned to original fund source (360,000)
Park &Rec CIP $250
Public Works CIP 1,112,500
PCDC CIP' 62,020
Net Decrease CIP Funds ($8,359,430)
Capital Improvement Project Funds -Expenditures (reduction)/increase
Park &Rec CIP $250
Public Works CIP 1,112,500
PCDC CIP 62,020
Net Increase CIP Funds $1,174,770
(1) Previously approved by Council
(2) Previously approved by City Manager
(3) Previously approved by Department Head
PCDC Resolution No. 2009-07 Page 3