Item Coversheet

Item Number 8.

  

City Council 
Staff Report


Subject:

Amendment of the City Budget for Fiscal Year 2020/21



Date:June 22, 2021


Submitted By:

Andrew Schiltz, Principal Management Analyst/Interim City Treasurer

Angela Doyle, Senior Accountant



Department:Administrative Services - Finance

Staff Recommendation:

Adopt a Resolution of the City Council of the City of Rocklin Amending the City Budget for Fiscal Year 2020/21.

BACKGROUND:

Throughout the year, staff submit appropriation requests and change orders for a variety of contracts, capital projects or expenditures to the City Council for approval. Changes impacting the budget may require a budget amendment to be brought to the City Council during the annual budget process.

 

Budget Amendments

For Fiscal Year (FY) 2020/21, the total expenditure budget increased by $6,912,800 to $98,153,700. Budget amendments are requested for the following Department Budgets:

 

City Manager – General Fund: An increase of $226,100 for changes in personnel staffing of $76,100, and Small Business Support Grant Program of $150,000.

 

Finance – General Fund: An increase of $3,208,400 to follow the City’s Key Management practice applicable to the FY 2020/21 for using General Fund projected surplus. The increase includes transfers of $765,000 (45%) to Retiree Health Fund, $765,000 (45%) to Pension Unfunded Liability and $170,000 (10%) to Economic Development Fund, up to a limit set by Indirect Cost Allocations. The remaining 50% of surplus after the limit is $1,508,400 used to paydown Pension Unfunded Liability.

 

Finance – Retiree’s Health Fund: An increase of $765,000 to wire the surplus transfer received from the General Fund to the California Employers Retirement Benefit Trust (CERBT).

 

Finance – CARES Act DOF Treasury Fund:  An increase of $759,300 for the transfer to the General Fund. The City was required to set up a new fund for this grant. The expenditures occurred in General Fund with a transfer from this new fund to reimburse the General Fund.

 

Finance – Whitney Ranch Interchange Fee Fund: An increase of $222,800 for a transfer to Traffic Circulation Fund to repay the Traffic Circulation Fund for cost allocations on the Whitney Interchange project that occurred before the Fiscal Year 2018 split off to its own fund.

 

Finance: Per the City’s Key Management Practice, Capital Project Funds are excluded from the Indirect Cost Allocations for the next year budget; however, those are included for the current year projection

-          Traffic Circulation Impact Fee Fund $67,600

-          Oak Tree Mitigation Fund $18,900

               

Fire – General Fund: An increase of $702,000, for Strike Team overtime of $470,000 and additional overtime of $232,000. Reimbursement revenue of $675,000 was received with additional outstanding payments expected to offset the Strike Team overtime along with related administrative costs.

 

Police – Asset Forfeiture Fund: An increase of $86,700, for License Plate Reader Cameras & software support of $43,800 and Enterprise lease vehicle purchase of $42,900 funded by an increase in asset forfeiture revenue.

 

Police – General Fund: An increase of $198,900 for the Enterprise lease vehicle purchase of four Chevy pickups and 2 Chevy Malibu replacement vehicles.

 

Police – PD Traffic/Safety Grant Fund: An increase of $145,100, for Traffic Enforcement Grant of $75,500 and the Tobacco Grant rollover from 2019 of $69,600.

 

Public Services – Capital Construction Fund: $343,300 for the City Hall Refurbishment project change orders.

 

Public Services – SB1 Road Maintenance & Rehab Fund: An increase of $168,700 for Sierra College Blvd Dig Outs from Clover Valley to City Limits, originally budgeted in the Sales Tax SB325 Fund.

Fiscal Impact:

For FY 2020/21, the total expenditure budget increased by $6,912,800 from $91,240,900 to $98,153,700. The increases are on the following funds:

  • $4,335,400 on General Fund,
  • $765,000 on Retiree’s Health Fund,
  • $168,700 on SB1 Road Maintenance & Rehab Fund,
  • $86,700 on Asset Forfeiture Fund,
  • $145,100 on Traffic/Safety Grant Fund,
  • $759,300 on CARES Act DOF Treasury Fund,
  • $67,600 Traffic Circulation Impact Fee Fund,
  • $343,300 on Capital Construction Fund,
  • $18,900 on Oak Tree Mitigation Fund, and
  • $222,800 on Whitney Ranch Interchange Fee Fund.
ATTACHMENTS:
Description
Reso Amend Budget 20-21
This Staff Report has been reviewed by the City Attorney for legal sufficiency and by the City Manager for content.
The Finance Department has reviewed this staff report and certifies that budgeted funds are available, unless a budget amendment is being requested as part of this action item.