Attachment 1
RESOLUTION NO. 2024-36
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CORONADO, CALIFORNIA, ADOPTING THE FINANCIAL PLAN
AND BUDGET FOR THE FISCAL YEAR 2024-25, FIXING AND
DECLARING THE BUDGET FOR THE VARIOUS
DEPARTMENTS AND FOR CAPITAL IMPROVEMENT
PROJECTS, AND APPROPRIATING MONEY FOR SUCH
PURPOSES
WHEREAS, the City Manager presented to the City Council a proposed operating and capital improvement program budget on May 21, 2024; and
WHEREAS, the City Council has reviewed said proposed budget, the summaries of which are attached hereto in Exhibits A, B, and C, having made modifications as deemed desirable; and WHEREAS, the City desires to fund certain capital improvement projects, as listed in the attached Exhibit D; and
WHEREAS, in conjunction with the budget adoption, the Storm Drain enterprise requires an advance from the General Fund in order to fund the National Pollutant Discharge Elimination System permit obligations; and
WHEREAS, the appropriations as listed within the budget for the fiscal year 2024-25 will provide levels of service deemed appropriate for the various departments and funding for capital projects. The amounts as appropriated are in the following funds and departmental accounts:
Fund Budget
Expenditures
Transfers to
Other Funds Fund Total
100 GENERAL FUND
Legislative 1,582,793 $ $ - 1,582,793 $
City Clerk 511,859 - 511,859 City Manager 1,100,858 - 1,100,858 Public Communications & CDSA Admin 277,807 277,807 Legal Services 834,864 - 834,864 Administrative Services 5,645,977 - 5,645,977 Police Services 19,595,529 - 19,595,529 Fire & Beach Lifeguard Services 13,015,094 - 13,015,094 Public Services and Engineering 14,252,517 - 14,252,517 Library Services 4,015,919 - 4,015,919 Non-Departmental 2,126,211 - 2,126,211 Transfers to Other Funds - 11,170,000 11,170,000 TOTAL GENERAL FUND 62,959,429 $ 11,170,000 $ 74,129,429 $ Attachment 1
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Coronado as follows:
1. That the above recitations are true.
2. BE IT FURTHER RESOLVED that the detail of the budget allowances for the various departments or activities is more particularly set out in certain documents now on file in the Office of City Clerk of the City of Coronado and which, by reference, are incorporated and made a part of this Resolution as though set out herein.
Fund Fund Title Budget
Expenditures
Transfers/
Contributions to
Other Funds
Fund Total
106 Recreation Services Fund 6,390,578 $ - $ 6,390,578 $ 108 Community Development Fund 3,649,111 - 3,649,111 110 Insurance Fund 2,692,056 - 2,692,056 112 Employee Benefits Fund 219,336 - 219,336 114 Workers Compensation Fund 652,280 652,280 130 Solid Waste & Recycling Fund 925,408 - 925,408
135 Vehicle/Equipment Replacement Fund 3,488,853 - 3,488,853 137 Information Technology Equipment Replacement 1,020,000 - 1,020,000 150 Citizens Donations Fund 9,646 - 9,646 151 Cultural Arts 315,898 - 315,898 160 CDA Loan Fund - 2,988,853 2,988,853 205 Highway Users Tax (Gas Tax) Fund 677,539 - 677,539 206 Highway Users Tax (Gas Tax) Fund II 450,000 - 450,000 207 RMRA Fund 730,000 - 730,000
210 TransNet Fund 1,000,000 - 1,000,000 211 RTCIP 20,000 - 20,000 216 Transportation Development Act Fund 329,960 - 329,960 220 Coronado Tidelands Fund 879,003 - 879,003 230-245 Police Special Revenue Funds 30,744 - 30,744 250-252 Library Special Revenue Funds 110,500 - 110,500 266 Affordable Housing Mgmt 20,600 - 20,600 400 General capital Projects 850,000 - 850,000 436 Facilities Replcmnt & Mtnce 2,000,000 - 2,000,000 510 Wastewater Enterprise Fund 7,968,635 - 7,968,635 520 Golf Course Enterprise Fund 4,880,837 - 4,880,837
530 Storm Drain Enterprise Fund 2,417,641 - 2,417,641
723-729 Harlow, Reynolds, Friedman, Stearns 10,000 - 10,000 Total Appropriations 104,698,054 - - Total Inter-fund Transfers - 14,158,853 - Total Budget Expenditures and Transfers - $ - $ 118,856,907 $ Attachment 1
3. BE IT FURTHER RESOLVED that the appropriations shown herein are approved as the budget for the 2024-25 fiscal year and that the City Manager is authorized to transfer funds within and between sub-department budgets, object accounts or funds provided no change is made in the total amount for any department unless such change is approved by the City Council.
4. BE IT FURTHER RESOLVED that community grant funding for FY 2024-25 in the amount of $1,078,000 is authorized.
5. BE IT FURTHER RESOLVED that the demands against the City arising from or in connection with the described budget shall be prepared, presented, filed, and paid as authorized by the provisions of City procedures.
PASSED, ADOPTED, AND APPROVED by the City Council of the City of Coronado, California, at a regular meeting thereof this fourth day of June, 2024 by the following vote to wit:
AYES:
NAYS:
ABSTAIN:
ABSENT:
APPROVED:
____________________________________
RICHARD BAILEY, Mayor of the
City of Coronado, California
ATTEST:
__________________________________
KELSEA HOLIAN, City Clerk of the
City of Coronado, California
Attachment 1
CITY OF CORONADO
Summary of Funds
Fiscal Year 2024-25
Opening
Other
Sources/
Other
Uses/ Capital Estimated
Fund
Balance Revenue Loans Expenditures Loans Improvements
Fund
Balance
Fund Title 7/1/2024
FY 2024-
25 FY 2024-
25 FY 2024-25
FY 2024-
25 FY 2024-25 6/30/2025
100 GENERAL 70,230,228 74,423,849 - 62,959,429 11,170,000 - 70,524,647 106 RECREATION
SERVICES 449,838 1,913,400 4,200,000 6,390,578 - - 172,661 108 COMMUNITY
DEVELOPMENT 642,174 1,513,200 1,500,000 3,649,111 - - 6,263 110 INSURANCE (160,154) 72,000 2,800,000 2,692,056 - - 19,790 112 EMPLOYEE BENEFITS 290,102 - - 219,336 - - 70,767
114 WORKERS'
COMPENSATION 3,519,969 2,000 - 652,280 - - 2,869,689
118 CALPERS
STABILIZATION 15,288,792 450,000 - - - - 15,738,792
130 SOLID WASTE &
RECYCLING 169,060 464,000 350,000 925,408 - - 57,652
135 VEHICLE/EQUIPMT
REPLACMT. 2,063,535 - 2,988,853 3,488,853 - - 1,563,535 137 IT EQUIPMENT
REPLACEMENT 1,284,165 - 700,000 1,020,000 - - 964,165
150 CITIZENS
DONATIONS 42,680 3,550 - 9,646 - - 36,584
151 CULTURAL ARTS 24,291 39,000 270,000 315,898 - - 17,393 160 CDA LOAN FUND 16,585,611 569,881 - - 2,988,853 - 14,166,639 170-
171
FRANCES G HARPST
BEQUEST 966,111 36,958 - - - - 1,003,069
205 HWY USER (GAS) TAX (113,864) 464,464 - 677,539 - - (326,940) 206 HWY USER (GAS) TAX
II 272,028 237,653 - - - 450,000 59,681
207 ROAD MAINT &
REHABILITATION 1,301,835 672,672 - 300,000 - 430,000 1,244,507 210 TRANSNET 210,953 1,002,000 - - - 1,000,000 212,953
211 RTCIP 28,302 24,079 - - - 20,000 32,381
215 CORONADO BRIDGE
TOLLS 585,096 226,314 - - - - 811,410
Exhibit A
Attachment 1
216 TRANSPORT DVLP
ACT 572,872 226,203 - 329,960 - - 469,115
220 CORONADO
TIDELANDS 8,119,695 1,989,842 - 879,003 - - 9,230,534
230 EQUITABLE SHARING
DEA 120,038 20,614 - 30,000 - - 110,652
234 TREASURY
FORFEITURE 745 - - 745 - - -
240 FEDERAL GRANTS (1,751) - - - - - (1,751)
245 STATE GRANTS 446 - - - - - 446
250-
252
GIFTS TO LIBRARY
FUNDS 930,812 104,299 - 110,500 - - 924,611
260
COMM.
DEVELOPMENT
BLOCK GRANT 25,430 - - - - - 25,430
265 AFFORDABLE
HOUSING IN LIEU 1,579,450 115,257 - - - - 1,694,707
266 AFFORDABLE
HOUSING MGMT 60,172 70,783 - 20,600 - - 110,355
272 LOW COST VISITOR
ACCOMODATION 72,000 - - - - - 72,000
275 RELINQUISHMENT
HIGHWAY MAINT. 9,806,268 376,850 - - - - 10,183,118
400 CAPITAL IMPROV
PROJECTS 2,323,768 - 850,000 - - 850,000 2,323,768
436 MAJOR FACILITIES
RPLCMNT 18,511,461 - - - - 2,000,000 16,511,461
(a) 510 WASTEWATER 12,123,893 9,341,460 - 7,968,635 - - 13,496,719 (a) 520 GOLF COURSE 2,337,639 4,675,036 - 4,880,837 - - 2,131,838 (a) 530 STORM DRAIN (2,534,067) 728,502 500,000 2,017,641 - 400,000 (3,723,206) 721-
722 A.B. FRYE TRUST 3,140 260 - - - - 3,400
723-
729
HARLOW, REYNOLDS,
FRIEDMAN, STEARNS
27,029 2,009 - 10,000 - - 19,038
TOTAL CITY FUNDS 167,759,792 99,766,135 14,158,853 99,548,054 14,158,853 5,150,000 162,827,873 (a) The beginning Fund Balance
includes only unrestricted amounts.
Exhibit A
Attachment 1
FY 2022-23 FY 2023-24 FY 2024-25
Actual Estimated Actual Proposed
Opening Balance $ 66,068,581 $ 81,026,239 $ 70,230,228
Non-Spendable Fund Balance - (2,003,555) - Adjusted Opening Fund Balance 66,068,581 79,022,684 70,230,228 1) OPENING FUND BALANCE 66,068,581 79,022,684 70,230,228 2) REVENUE AND SOURCES OF FUNDS 79,956,312 70,187,340 74,423,849 Operating Expenditures
Personnel (35,956,581) (39,967,022) (42,904,151)
Services, Supplies & Property (15,758,237) (18,650,885) (20,055,278) Transfers to Other Operating Funds (9,820,670) (9,645,450) (10,320,000) Subtotal Operating Expenditures (61,535,488) (68,263,357) (73,279,429) Other Transfers to:
Capital Improvement Projects (1,913,166) (716,440) (850,000) Equipment & Facilities Refurb/Replacement Fund (1,000,000) (10,000,000) - 115 Trust for Pension Stabilization (550,000) - - Subtotal Other Transfers (3,463,166) (10,716,440) (850,000) 3) TOTAL EXPENDITURES AND TRANSFERS (64,998,654) (78,979,797) (74,129,429) 4) NET INCREASE/(DECREASE) (Lines 2 + 3) 14,957,658 (8,792,457) 294,420 5) ESTIMATED ENDING BALANCE (Lines 1 + 4) 81,026,239 70,230,228 70,524,647 Fund Balance Committed for:
Emergency Response (31,525,000) (33,314,000) (36,640,000) Capital Improvement Projects (4,000,000) (4,000,000) (4,000,000) Historic Preservation (500,000) (500,000) (500,000)
6) TOTAL COMMITTED FUND BALANCE (36,025,000) (37,814,000) (41,140,000) 7) UNASSIGNED FUND BALANCE (Lines 5 + 6) $ 45,001,239 $ 32,416,228 $ 29,384,647 Schedule of General Fund (100)
Sources and Uses for Fiscal Years Ending
June 30, 2023, 2024 and 2025
Exhibit B
Attachment 1
Fund # Description Transfer Out Transfer In
100 GENERAL
Transfer to 106 Recreation Fund $ 4,200,000 $ - Transfer to 108 Community Development Fund 1,500,000 - Transfer to 110 Insurance Fund 2,800,000 - Transfer from 114 Workers Comp Trust Fund - - Transfer to 118 CalPERS Stabilization Fund - - Transfer to 130 Solid Waste Fund 350,000 - Transfer to 135 Veh/Equip Replacement Fund - Transfer to 137 IT Equipment Replacement 700,000 - Transfer to 151 Cultural Arts Fund 270,000 - Transfer to 400 Capital Projects Fund 850,000 - Transfer to 436 Facilities Replacement Fund - - Transfer to 530 Storm Drain Enterprise Fund 500,000 - 106 Recreation Fund - 4,200,000 108 Community Development Fund - 1,500,000
110 Insurance Fund - 2,800,000
114 Workers Comp Trust Fund - - 118 CalPERS Stabilization Fund - - 130 Solid Waste & Recycling Fund - 350,000 135 Vehicle & Equipment Replacement Fund - 2,988,853
137 IT Equipment Replacement Fund - 700,000
151 Cultural Arts Fund - 270,000
160 CDA Loan Fund 2,988,853 - 205 Highway User (Gas) Tax - - 206 Highway User (Gas) Tax II - - 275 Relinquishment Highway Maintenance Fund - - 400 Capital Projects Fund - 850,000 436 Facilities Replacement Fund - - 510 Wastewater Utility Fund - - 530 Strom Drain Enterprise Fund - 500,000 TOTAL TRANSFERS IN AND OUT $ 14,158,853 $ 14,158,853
CITY OF CORONADO
Schedule of Transfers & Loans
Fiscal Year 2024-25
Exhibit C
Attachment 1
Funding Source FY 2024-25 Projects
o Downtown Enhancement Phase 1 Preliminary Design ($400,000) o Police Station Women's Locker Expansion ($350,000)
o Fire 37 Dorm Renovation ($100,000)
HUTA (206) 450,000 o Street Preventive Maintenance ($400,000) o Traffic Signal and Control Device Upgrades ($50,000)
RMRA (207) 430,000 o Traffic Signal and Control Device Upgrades ($430,000) o Street Preventive Maintenance Project COR04 RTIP FY24&25 ($200,000) o Five Points Drainage COR27 RTIP ($250,000)
o Downtown Enhancement Phase I ($50,000)
o Alley Replacement Repairs ($500,000)
RTCIP (211) 20,000 o Traffic Signal & Control Device Upgrades ($20,000) o Police HVAC Chiller & Hot Water Tank Replacement ($350,000) o HVAC Replacement at Various City Facilities ($600,000) o Roof Replacement at Various City Facilities ($350,000) o Library Roof Replacement ($350,000)
o Library HVAC Replacement ($350,000)
Storm Drain (530) 400,000 o Storm Drain Repairs at Various Locations ($400,000) Total-All Funds 5,150,000
GF/CIP Fund (400) $ 850,000
TransNet (210) 1,000,000 Major Facilities 2,000,000
Replacement Fund
(436)
Exhibit D