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HomeMy WebLinkAbout2022-42 - Adopting the Budget for the 2022-23 Fiscal YearRESOLUTION NO. 2022-42 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH, CALIFORNIA, ADOPTING THE BUDGET FOR THE 2022-23 FISCAL YEAR WHEREAS, the City Manager of the City of Newport Beach ("City") has prepared and submitted to the City Council a proposed annual budget for the Fiscal Year 2022-23 consistent with the City Charter Article XI (Fiscal Administration); WHEREAS, the City's Finance Committee has reviewed and discussed the City Manager's proposed annual budget for Fiscal Year 2022-23; WHEREAS, the proposed annual budget was submitted to the City Council at least thirty-five days (35) prior to the beginning of the fiscal year as required by City Charter Section 1102 (Budget Submission to City Council); WHEREAS, the City Council has reviewed the proposed annual budget, determined the time for the holding of a public hearing thereon, and caused a notice of the public hearing to be published not less than ten (10) days prior thereto in the official newspaper of the City, and copies of the proposed annual budget were made available for inspection by the public in the Office of the City Clerk and the Finance Department at least ten (10) days prior to the public hearing; WHEREAS, the City Council held a public hearing on the proposed budget on June 14, 2022, and has made such revisions to the proposed budget as deemed advisable; WHEREAS, the City Manager has the authority to approve budget increases not to exceed Ten Thousand Dollars ($10,000) in any Budget Activity or Capital Project, in accordance with City Council Policy F-3 (Budget Adoption and Administration); WHEREAS, the City Manager may accept certain donations and grants on behalf of the City and appropriate funds for the purpose intended, in accordance with City Council Policies; WHEREAS, all requirements of the City Charter and Newport Beach Municipal Code relating to the preparation and consideration of the annual budget and establishment of employee salary ranges have been complied with; and WHEREAS, all appropriations in the Capital Improvement Budget for projects currently underway and remaining unexpended as of June 30, 2022, as approved by the City Council in prior years, are hereby appropriated to the 2022-23 Fiscal Year. follows: NOW, THEREFORE, the City Council of the City of Newport Beach resolves as Resolution No. 2022-42 Page 2 of 4 Section 1: The City Council does hereby adopt the budget of the City of Newport Beach for the 2022-23 Fiscal Year, including employee salary ranges contained therein, and as revised by the City Council via the proposed budget revisions. Total new appropriations of $401,129,898 ($364,115,044 without internal charges) plus any items on the approved proposed budget revisions attached as Exhibit 1, and incorporated herein by reference, have been allocated to the following funds in the amounts hereinafter shown: Operating Capital Total 010 Fund General Fund Expenditures Budget Budget 012 General Fund Capital Projects 244,186,089 - 244,186,089 100 Tidelands Operating Fund - 3,677,993 7,030,000 1,975,000 7,030,000 5,652,993 101 Harbor & Beaches Capital Plan Fund - 3,471,406 3,471,406 105 Asset Forfeiture Fund 65,000 - 65,000 110 OTS Grant Fun 67,773 - 67,773 111 SLESF - COPS Fund 200,000 - 200,000 120 C DBG Fund 394,134 - 394,134 121 State Gas Tax Fund - 2,075,000 2,075,000 122 Measure M 2 - 1,857,000 1,857,000 126 SB1 Gas Tax RMRA Fund - 2,000,000 2,000,000 135 Misc. Cooperative Projects - 8,052,000 8,052,000 160 Environmental Liability Fund 684,738 - 684,738 164 Fostering Interest in Nature (FiiN) Fund 147,000 166 American Rescue Plan Act Fund - - 10,100,000 147,000 10,100,000 513 Facilities Financing Plan Fund - 6,900,000 6,900,000 532 Fire Station Rebuild - 900,000 900,000 536 Neighborhood Enhancement - 14,121,434 14,121,434 562 Parks & Community Centers - 2,350,000 2,350,000 571 Facilities Maintenance Plan (FMP) - 2,500,000 2,500,000 701 Water Enterprise Fund 28,404, 922 400,000 28, 804, 922 702 Water Capital Fund - 4,869,000 4,869,000 711 Wastewater Enterprise Fund 4,884,150 100,000 4,984,150 712 Wastewater Capital Fund - 1,500,000 1,500,000 748 Other Insurance Fund 2,551,666 - 2,551,666 749 Uninsured Claims Reserve 1,845,000 - 1,845,000 750 Workers Comp Reserve 3,958,151 - 3,958,151 751 General Liability Reserve 6,898,808 - 6,898,808 752 Equipment Maintenance 5,574,776 379,452 5,954,228 760 Compensated Absence Fund 2,030,000 - 2,030,000 762 Retiree Medical Fund Res 7,078,328 - 7,078,328 764 Information Technology Fund - Operations 5,731,277 - 5,731,277 765 Information Technology Fund - Strategic 1,346,849 - 1,346,849 800 Debt Service Fund 10,817,953 - 10,817,953 831 Ackerman Donation Fund 5,000 - 5,000 330,549,606 70,580,292 401,129,898 Resolution No. 2022-42 Page 3 of 4 Section 2: An interfund transfer is a governmental accounting term used to describe an internal flow of resources between the funds listed below and these transfers do not constitute expenditures by the City. The total approved interfund transfers include the following amounts by fund: 010 012 100 101 167 513 562 571 701 702 752 800 Fund Transfers In Transfers Out General Fund General Fund Capital Projects Tidelands Operating Fund Harbor & Beaches Capital Plan Fund Oceanfront Encroachment Fund Facilities Financing Plan Fund Parks & Community Centers Facilities Maintenance Plan (FMP) Water Enterprise Fund Water Capital Fund Equipment Maintenance Debt Service Fund 17,300,724 31,597,269 6,030,000 - 9,987,817 17,300,724 4,600,000 - - 500,000 8,600,000 11,027,620 2,350,000 - 2,500,000 - - 3,637,843 3,637,843 - 379,452 - 8,677,620 - 64,063,456 64,063,456 Section 3: An interfund reimbursement is an accounting term to describe "repayments from funds responsible for particular expenditures" to the funds that initially paid for them. The transfer into the General Fund, from the Tidelands Operating Fund, as described in Section 2 shall be reclassified as an interfund reimbursement when actual expenditures are known at the end of the fiscal year. Section 4: A copy of the approved budget, certified by the City Clerk shall be filed with the persons retained by the City Council to perform auditing functions for the City Council, and a further copy shall be placed, and shall remain on file, in the Office of the City Clerk where it shall be available for public inspection. Section 5: The budget so certified shall be reproduced and copies made available for the use of the public and of departments, offices, and agencies in the City. Section 6: The recitals provided in this resolution are true and correct and are incorporated into the operative part of this resolution. Resolution No. 2022-42 Page 4 of 4 Section 7: If any section, subsection, sentence, clause or phrase of this resolution is, for any reason, held to be invalid or unconstitutional, such decision shall not affect the validity or constitutionality of the remaining portions of this resolution. The City Council hereby declares that it would have passed this resolution, and each section, subsection, sentence, clause or phrase hereof, irrespective of the fact that any one or more sections, subsections, sentences, clauses or phrases be declared invalid or unconstitutional. Section 8: The City Council finds the adoption of this resolution is not subject to the California Environmental Quality Act ("CEQA") pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, California Code of Regulations, Title 14, Division 6, Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly. Section 9: This resolution, and the salary ranges contained therein, shall take effect immediately upon its adoption by the City Council, and the City Clerk shall certify the vote adopting the resolution. ADOPTED this 14th day of June, 2022. ;Kev4inMuldo Mayor ATTEST: ,V W#11-101"IN,I�City Clerk APPROVED AS TO FORM: CITY ATTORNEY'S OFFICE )V" c ff Aaron C. Harp City Attorney Attachment: Exhibit 1 - Proposed Budget Revisions EXHIBIT 1 PROPOSED BUDGET REVISIONS FISCAL YEAR 2022-23 GENERALFUND Budget Increase (Decrease) Expenditures 1 Fuel Costs $ 145,179 2 Student Aides reclassified to Interns $ 25,966 3 Janitorial Services $ 114,993 4 Lifeguard Management Association MOU _ $ 38,626 5 City Clerk Agreement $ 9,553 Total Expenditure Budget Changes $ 334,316 Revenue 1 2 3 Total Revenue Budget Changes $ Total General Fund Changes: $ (334.316) OTHERFUNDS Budget Increase (Decrease) Expenditures 1 Janitorial Services - Fund 701 (Water Enterprise Fund) $ 1,000 2 Janitorial Services - Fund 711 (Wasterwater Enterprise Fund) $ 501 3 Fuel Budgets - Fund 701 (Water Enterprise Fund) $ 26,000 4 Fuel Budgets - Fund 752 (Equipment Fund) $ 15,000 5 CIP Project - 19F13 Junior Lifeguards Building $ 550,000 6 Total Expenditure Budget Changes $ 492,501 Revenue 1 Park Zone 9 - Residence at Newport Center $ 846,076 2 Park Zone 10 - Estimated Parcel Maps $ 90,000 3 Contributions Fund -19F13 Junior Lifeguards Building $ 450,000 Total Revenue Budget Changes $ 1,386,076 Total Other Fund Changes: $ 893,575 STATE OF CALIFORNIA } COUNTY OF ORANGE } ss. CITY OF NEWPORT BEACH I, Leilani I. Brown, City Clerk of the City of Newport Beach, California, do hereby certify that the whole number of members of the City Council is seven, the foregoing resolution, being Resolution No. 2022-42 was duly introduced before and adopted by the City Council of said City at a regular meeting of said Council held on the 141h day of June, 2022; and the same was so passed and adopted by the following vote, to wit: AYES: Mayor Pro Tern Noah Blom, Council Member Brad Avery, Council Member, Joy Brenner, Council Member Diane Dixon, Council Member Duffy Duffield, Council Member Will O'Neill NAYS: Mayor Kevin Muldoon IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of said City this 15th day of June, 2022. Leilani I. Brown City Clerk Newport Beach, California C� e�uAAi�