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HomeMy WebLinkAbout10 - BA-014 - Newport Harbor High School Swimming Pool Refurbishment ProjectCITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. io November 12, 2003 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: Homer L. Bludau, City Manager 949 - 644 -3000, HBludau @city.newport- beach.ca.us SUBJECT: BUDGET AMENDMENT — ADDITION OF $94,000 TO THE CITY'S CONTRIBUTION TOWARDS NEWPORT HARBOR HIGH SCHOOL'S SWIMMING POOL REFURBISHMENT PROJECT RECOMMENDATION: The City Council approve a budget amendment increasing the Newport Harbor High School Swimming Pool Project account (7011- C5100716) by $94,000 from General Fund unappropriated reserves. DISCUSSION: Historically, the City of Newport Beach has used the Newport Harbor High School swimming pool mostly in the summer for lap swim, swim classes and lifeguard training and workouts. Of available hours of pool use, the City's use is approximately 10 %. Newport Harbor High is currently undergoing a refurbishment of its swimming pool. Prior to the school district obtaining bids for the project, City staff included $100,000 in a CIP project to share in the refurbishment cost. Another $56,000 was added to the City's share when the City Council adopted its FY 2003 -04 budget. The $156,000 amount was 25% of the project bid of $625,000. Since the work began, numerous project issues have arisen which have boosted the anticipated project cost to over $1 million. The City /School District Council Committee met with School District officials this year prior to bids being opened and agreed to a 25% share of the cost, with our share not exceeding $250,000. The budget amendment for $94,000 would put us at that commitment cap. The $94,000 will come from FY 2003 -04 General Fund revenues which have exceeded the City's revenue projections. Submitted by: Homer L. Blud City Manager City of Newport Beach NO. BA- 014 BUDGET AMENDMENT 2003 -04 AMOUNT: $9a,000.00 EFFECT ON BUDGETARY FUND BALANCE: Increase Revenue Estimates Increase in Budgetary Fund Balance �X Increase Expenditure Appropriations AND X Decrease in Budgetary Fund Balance Transfer Budget Appropriations No effect on Budgetary Fund Balance SOURCE: from existing budget appropriations from additional estimated revenues PX from unappropriated fund balance EXPLANATION: This budget amendment is requested to provide for the following: To increase expenditure appropriations from unappropriated General Fund Balance for the Newport Harbor High School Swimming Pool Improvements. ACCOUNTING ENTRY: BUDGETARY FUND BALANCE Eund Account 010 3605 REVENUE ESTIMATES (3601) Fund /Division Account EXPENDITURE APPROPRIATIONS (3603) Descri lion General Fund Fund Balance Description Amount Debit Credit $94,000.00 ' Description Division Number 7011 Facilities Account Number C5100716 Newport Harbor High School Swimming Pool $94,000.00 Division Number Account Number Division Number Account Number Division Number Account Number ' Automatic System Entry. Signed: nand I Approval: Administrativ ervices Director Date Signed: ^� v O ,y Administrative Appro I: City Manager Dat Signed: City Council Approval: City Clerk Date