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150 Construction and Rental Housing Fund
<br />FY20 FY20 FY20
<br />Adopted SB1 Action Revised
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL 6,798,669 3,567,381 a 10,366,050
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Licenses/Permits 4,565,685 0 4,565,685
<br /> Charges for Services 5,489,050 500,000 c 5,989,050
<br /> Fines/Forfeitures 25,000 0 25,000
<br /> Interfund Transfers 0 500,000 c 500,000
<br /> Miscellaneous 192,000 0 192,000
<br />Total Revenue 10,271,735 1,000,000 11,271,735
<br />TOTAL RESOURCES 17,070,404 4,567,381 21,637,785
<br />II.REQUIREMENTS
<br />Department Operating
<br /> Fire and Emergency Medical Services 357,432 0 357,432
<br /> Planning and Development 8,703,376 1,055,576 b,c 9,758,952
<br /> Public Works 505,577 0 505,577
<br />Total Department Operating 9,566,385 1,055,576 10,621,961
<br />Non-Departmental
<br /> Interfund Transfers 1,024,000 0 1,024,000
<br /> Special Payments 1,020,000 0 1,020,000
<br /> Balance Available 5,460,019 3,511,805 a,b,c 8,971,824
<br />Total Non-Departmental 7,504,019 3,511,805 11,015,824
<br />TOTAL REQUIREMENTS 17,070,404 4,567,381 21,637,785
<br />150 Construction and Rental Housing Fund
<br />a) Beginning Working Capital Reconciliation: Increase the budgeted Beginning Working Capital by
<br />$3,567,381 and increase Balance Available by the same amount. This adjustment brings the FY20 budgeted
<br />Beginning Working Capital in compliance with the audited FY19 actual revenues and expenditures as
<br />determined by Isler CPA, the City's external auditor.
<br />b) Encumbrance Estimate Reconciliation: Reduce Planning and Development Department operating
<br />appropriations by $59,424 to reconcile the amount estimated for payment of obligations incurred but not paid
<br />in FY19 to the actual amount paid, and increase Balance Available by the same amount.
<br />c) One-Time Funding Requests: Increase Charges for Services (Construction Excise Tax) by $500,000,
<br />increase Interfund transfers by $500,000 (from the General Fund, per Ordinance 20609), and increase
<br />Planning and Development Department operating appropriations by $1,000,000 for work related to
<br />Construction Excise Tax ($1,000,000). Increase Planning and Development Department operating
<br />appropriations by $115,000 for additional staffing inspection and technical support positions ($80,000),
<br />inspector vehicle ($35,000), and decrease Balance Available by $115,000.
<br />December 9, 2019, Meeting – Item 4CC Agenda - Page 308
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