| | | | | | | |  | City Council
Staff Report
|
|
| | | | | | | |
| Subject: | Adopting the Budget for the City of Rocklin Fiscal Year 2020-2021 |
|
| | Date: | June 23, 2020 |
|
| | Submitted By: | Mary Rister, Finance Manager
Kim Sarkovich, ACM/CFO |
|
| | Department: | Administrative Services - Finance |
|
| | | | | | | | Staff Recommendation: | | Adopt a Resolution of the City Council of the City of Rocklin Adopting the Budget for the City of Rocklin for Fiscal Year 2020-2021. |
|
| | | | | | | | | BACKGROUND: | In accordance with the Rocklin Municipal Code Chapter 3.28, the City of Rocklin Draft 2020-2021 Annual Budget was delivered to Council on May 14th, 2020. At the May 29, 2020 special meeting of the City Council, a presentation was made by staff regarding the Draft 2020-2021 Annual Budget for review and discussion. After the May 29th special meeting, a number of changes were made to the 2020-2021 Annual Budget. These changes are listed below:
-
Changes to payroll for the Fire Chief position, Facilities Maintenance staff, and CalPERS adjustment increased payroll expenditures by $96,400
-
A decrease to General Fund revenue of $13,600 for weed abatement
-
A decrease to General Fund expenditures of $16,000 for SACOG membership, which was moved to the Economic Development Reserve Fund
-
A decrease to the General Fund of $100,000 for movement of Traffic related expenditures to the Traffic Impact Fee Fund
-
Changes to the Economic Development Reserve for SACOG membership and the Business Support Program expenditures, offset by the removal of expenditures for the Hacker Lab increased expenditures by $4,900
-
An increase to Gas Tax revenues for $72,600
-
And increase to SB1 Fund revenues for $52,300
Changes to the General Fund have resulted in an increase to the ending Fund Balance of $6,000 for Fiscal Year 2020-2021.
|
|
| | | | | | | | | Fiscal Impact: | The Resolution defines the budget for the City of Rocklin for fiscal year 2020-2021 and authorizes the appropriations. |
|
|