Internal Service and Special Revenue Funds May 24, 2016

Transcription

1 Internal Service and Special Revenue Funds May 24,

2 What are internal service funds? Used to accumulate funds for specific purposes. Required resources are collected from the participating City departments and funds. Included as a non-discretionary line item in the applicable cost center budget. Examples: Insurance F532 Vehicle Equip Rentals F537 Computer Equip Rentals 2

3 7 Internal Service Funds Requesting City Council Appropriations: Management Services Fund 530 General Liability & Insurance Fund 531 Workers Compensation Financial Services Fund 533 Office Equipment Replacement Public Works Fund 532 Vehicle Equipment Replacement Fund 534 Building Maintenance, will be presented as part of Infrastructure report Information Technology Fund 537 Computer Equipment Replacement Burbank Water & Power Fund 535 Communication Equipment Replacement, presented by BWP 3

4 Funding Use: Covers the cost of Citywide insurance premiums and selfinsurance programs along with all claims against the City. 4

5 Projected Revenue/Source: $6,129,408 Funded through rates charged to most City Departments and funds based on prior year claims history. Appropriation Request: $6,031,894 New Requests/Changes: $120,319 to fund a new Sr. Admin. Analyst position to support the Risk Management Division. $100,000 increase budgeted for airport legal services. 5

6 Funding Use: Provides for the City s Workers Compensation Program and all related expenses. 6

7 Projected Revenue/Source: $13,103,886 Funded through rates charged to City Departments and funds based on a percentage of budgeted employee salaries. Appropriation Request: $8,915,861 New Requests/Changes: Funds will be used to maintain current programs and services. No new budget requests. 7

8 Funding Use: Provides for the replacement and maintenance of all non-bwp vehicles, including parts, labor and fuel. 8

9 Projected Revenue/Source: $8,463,260 Funded through rental rates charged to City departments based on depreciable value of vehicles along with maintenance and fuel costs. Appropriation Request: $9,405,785 New Requests/Changes: $2,999,500 budgeted for vehicle replacement in FY $4,805,930 in scheduled replacements deferred to future years. 9

10 Funding Use: Provides for the orderly replacement and maintenance of General Fund office equipment, such as furniture, tools and machines. 10

11 Projected Revenue/Source: $279,915 Funded through rental rates charged to the General Fund departments based on depreciable value of departmental assets covered. Appropriation Request: $485,963 New Requests/Changes: Funds expended for the replacement of existing assets as needed. 11

12 Funding Use: Supports the maintenance, replacement and upgrade of computer and network equipment as well as software. 12

13 Projected Revenue/Source: $2,807,950 Funded through rental rates charged to all City departments based on assigned computer equipment and software usage. Appropriation Request: $3,221,282 New Requests/Changes: $258,000 for replacement of various technological hardware 13

14 Questions? 14

15 Special Revenue Funds generally have dedicated revenue streams that are restricted for specific purposes. 12 Special Revenue Funds are requesting Council appropriations: Community Development Fund 104 Proposition A Fund 105 Proposition C Fund 106 Air Quality Management District (AQMD) Fund 122 Community Development Block Grants (CDBG) Fund 127 Public Improvements Fund 128 HOME Funds 15

16 Public Works Fund 125 Gas Tax Community Development & Public Works Fund 107 Measure R Park, Recreation & Community Services Fund 130 Youth Endowment Services (YES) Burbank Water & Power presented by BWP Fund 129 Street Lighting Fund 133 Tieton Hydropower Project Fund 483 Magnolia Power Project 16

17 Funding Use: BurbankBus Senior & Disabled transit programs and maintenance of transit facilities. 17

18 Projected Revenue/Source: $2,253,984 Proposed Use of Fund Balance: $0 ½ cent sales tax approved by LA County voters in % is designated as local return and distributed on a per capita basis. Restricted to developing or improving public transit and related infrastructure. Appropriation Request: $1,948,427 New Requests/Changes: Increase of $50,000 for Private Contractual Services for security cameras and lights at the downtown Metrolink station. Projected FYE Spendable Fund Balance: $1,959,358 18

19 Funding Use: BurbankBus fixed route service 19

20 Projected Revenue/Source: $1,914,420 Proposed Use of Fund Balance: $545,752 ½ cent sales tax approved by LA County voters in 1990 to fund County wide transit programs. 20% designated as local return and distributed to jurisdictions on a per capita basis. Appropriation Request: $2,460,172 New Requests/Changes: Moved $900,000 from Fund 107 to Fund 105 for enhanced bus services provided by Metro. $75,000 budgeted for real-time arrival system for BurbankBus. $275,000 budgeted for Downtown Metrolink Station Elevator CIP. Projected FYE Spendable Fund Balance: 1,323,267 20

21 Funding Use: City s rideshare program and Transportation Management Organization fee. 21

22 Projected Revenue/Source: $127,200 Proposed Use of Fund Balance: $26,722 AB 2766 signed 1990, authorizing $4 vehicle registration Fee. $0.40 is distributed to cities located in the South Coast Air Quality Management District based on population. Funds are for efforts reducing motor vehicle air pollution. Appropriation Request: $153,922 New Requests/Changes: All funds will be used to maintain current programs and services. No new budget requests. Projected FYE Spendable Fund Balance: $172,919 22

23 Funding Use: 50% is used for City transit programs and 50% is used to fund street improvements. 23

24 Projected Revenue/Source: $1,590,715 Proposed Use of Fund Balance: $0 ½ cent sales tax approved by LA County voters in 2008 to help meet the transportation needs. 15% is designated as local return and distributed on a per capita basis. Appropriation Request: $740,000 New Requests/Changes: All funds will be used to maintain current programs and services. No new programs or projects are being requested. Projected FYE Spendable Fund Balance: $2,481,214 24

25 Funding Use: Activities that benefit persons of low and moderate income as guided by the City s five-year consolidated plan for FY through FY , approved by the City Council and HUD. 25

26 Projected Revenue/Source: $984,822 Proposed Use of Fund Balance: $0 Funds from U.S. Department of Housing and Urban Development (HUD) Appropriation Request: $820,771 New Requests/Changes: Allocated funds to public service and capital projects presented to the City Council on April 26, Projected FYE Spendable Fund Balance: $265,757 26

27 Funding Use: Funds provide for construction and maintenance of the City s street system, including traffic signals. 27

28 Projected Revenue/Source: $2,187,059 Proposed Use of Fund Balance: $538,609 Derived from State of California taxes on gasoline purchases and are allocated on a share basis to cities. Appropriation Request: $2,725,668 New Requests/Changes: No new programs or projects are being requested. Projected FYE Spendable Fund Balance: $44,016 28

29 Funding Use: Capital improvements that expand Transportation, Police, Fire, Parks and Library services as outlined in the City s Infrastructure Blueprint and Community Facilities Element. 29

30 Projected Revenue/Source: $4,608,429 Proposed Use of Fund Balance: $0 Provides for Public Improvements through the imposition of Development Impact Fees. Appropriation Request: $3,164,001 New Requests/Changes: $2,161,667 in Capital Improvement Projects for Transportation and Parks. Projected FYE Spendable Fund Balance: $16,342,565 30

31 Funding Use: Acquisition and Development of affordable housing as guided by the City s five-year consolidated plan for FY through FY , approved by the City Council and HUD. 31

32 Projected Revenue/Source: $370,131 Proposed Use of Fund Balance: $18,340 U.S. Department of Housing and Urban Development (HUD) Appropriation Request: $388,471 New Requests/Changes: All funds will be utilized for Focus Neighborhood projects and related city overhead. Projected FYE Spendable Fund Balance: $123,505 32

33 Funding Use: Funds are restricted for youth related capital projects. 33

34 Projected Revenue/Source: $0 Proposed Use of Fund Balance: $132,402 No current revenue source other than interest. Appropriation Request: $132,402 New Requests/Changes: No new projects or programs are being requested. Projected FYE Spendable Fund Balance: $1,787 34

35 Questions? 35

36 Funding Use: Housing assistance payments and related program administration 36

37 Projected Revenue/Source: $8,729,680 Proposed Use of Fund Balance: $42,436 U.S. Department of Housing and Urban Development (HUD) provides rent subsidy payments directly to landlords on behalf of eligible tenants in order to increase the supply and quality of affordable housing within the City. Appropriation Request: $8,772,116 New Requests/Changes: Staffing levels will increase with the addition of clerical support and converting part-time Housing Authority Manager to full-time. Projected FYE Spendable Balance: $232,366 37

38 Funding Use: Creation of affordable housing units and the preservation of existing units. 38

39 Projected Revenue/Source: $230,811 Proposed Use of Fund Balance: $2,998,135 Previously funded by 20% of RDA tax increment. Projected revenues are to be collected from previously issued rehab loans provided to low and moderate income households. Appropriation Request: $3,228,946 New Requests/Changes: FTE staffing has moved to this fund for affordable housing monitoring and housing project management. Projected FYE Spendable Fund Balance: $61,701 39

40 Projected Revenue/Source: $19,339,676 Proposed Use of Fund Balance: $0 Funding Use: used to make payments on former RDA enforceable obligations and wind down the activities of the former RDA as required by law. Appropriation Request: $10,570,165 New Requests/Changes: Funds used to make enforceable obligation payments on the Recognized Obligation Payment Schedule (ROPS) and fund administration costs as approved by the Successor Agency Oversight Board and State Department of Finance. GF is expected to receive $236,468 towards Administrative Support Services. Projected FYE Spendable Fund Balance: $0 40

41 Questions? 41